Fortune smiled upon a lucky winner this Lunar New Year as the Bitcoin.com Verse Team announced a major jackpot hit on their decentralized app, the Lunar New Year Scratcher. With every ticket offering an equal shot at the jackpot, participants are encouraged to continue playing until Mar. 1 for their chance at fortune and glory […]
Bitcoin News
Shiba Inu On Cusp Of Lunar Launch As 1.3 Trillion SHIB Barrier On Crosshair
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is wagging its tail with anticipation as it approaches a critical juncture. The meme coin, known for its massive community and playful branding, is on the cusp of breaking through a key resistance level, potentially unleashing a new wave of bullish momentum.
Shiba Inu Hovering Around Profitability Cluster
Currently, SHIB is hovering around the .00001 mark, a price point that represents more than just a number. It serves as a crucial “profitability cluster,” where a staggering 1.3 trillion SHIB tokens reside – tokens bought by early investors. This cluster has long been a battleground, with sellers looking to cash out and buyers aiming to push the price higher.
But the tide seems to be turning. Analysts are pointing to a gradual decline in the number of tokens within the profitability cluster, indicating that selling pressure is easing. This, coupled with the shrinking size of the cluster itself, is creating a more fertile ground for SHIB to flourish.
The potential breakout above .00001 is not just technical, it’s psychological. Overcoming this hurdle would signal to the market that SHIB has the strength to move beyond its meme coin status and establish itself as a serious player.
And the numbers seem to agree. Data from IntoTheBlock reveals a remarkable surge in large-holder inflow, with whales accumulating a staggering 2.31 trillion SHIB in just two days. This signifies heightened interest and involvement from major players, potentially fueling the rally.
SHIB seven-day price action. Source: Coingecko
SHIB Whale Influx: Bullish Momentum Builds
The sudden influx of large-holder buying is a strong bullish indicator, and suggests that whales see value in SHIB and are positioning themselves for potential gains.
But is this all hype, or is there substance behind the wag? While SHIB’s future remains uncertain, several factors are bolstering its case:
- Community Strength: SHIB boasts a passionate and vocal community, often credited with driving its price rallies through sheer enthusiasm and social media presence.
- Exchange Listings: The meme coin has secured listings on major exchanges like Kraken and Coinbase, increasing its accessibility and mainstream appeal.
- ShibaSwap Ecosystem: The SHIB team is actively developing its own decentralized exchange (ShibaSwap) and other projects, potentially adding utility and long-term value.
The targeted breakthrough of the 1.3 trillion SHIB barrier has become the focal point of attention, symbolizing a pivotal moment for this meme coin. With the recent surge in large-holder inflow and the potential technical breakout above key resistance levels, Shiba Inu appears poised for a significant leap forward.
Featured image from Adobe Stock, chart from TradingView
Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on Lunar Surface Next Month
Cryptocurrency derivatives exchange Bitmex is sending a physical bitcoin to the moon. “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex detailed.
Bitmex Sending Bitcoin to the Moon
Crypto derivatives exchange Bitmex announced Saturday that it is “sending bitcoin to the Moon on January 8 at 02:18 am ET from Cape Canaveral Space Force Station, Florida.”
The announcement details: “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex added: “After an Earth orbit, Vulcan rocket will launch and place Peregrine-1 on a lunar trajectory outside of the Earth’s atmosphere, where Peregrine-1 will power on and continue to the 7-week of lunar orbit phase.” The crypto exchange continued:
The bitcoin carried on the United Launch Alliance (ULA) Vulcan rocket, and integrated onto Peregrine-1, commercial lunar lander, is scheduled to reach the Moon in late February (tentative arrival date: February 23, 2024).
“The landing of Astrobotics’ Peregrine-1 on February 23 could mark the first Western soft lunar landing since NASA’s Apollo 17 mission in 1972 and the first commercially driven Moon mission,” the crypto exchange noted, adding that the physical bitcoin will remain on the lunar surface with Peregrine.
The crypto firm further detailed: “Bitmex’s physical bitcoin, weighing 43g and loaded with 1 BTC … is amongst the 201 payloads from governments, companies, universities, and NASA’s Commercial Lunar Payload Services initiative to travel to the lunar surface. Engraved with a public address (1MoonBTCixFH3XTrWRCbMpK23o74nQrA1Q) and a private key, this will be the first-ever financial asset sent to the Moon.”
Stephan Lutz, CEO at Bitmex, opined: “The mission is a momentous achievement in space exploration, representing the first step of creating a monetary system for a space economy. Perfectly preserved for future generations, the bitcoin on the Moon is a time capsule that captures one of the most significant human innovations and technological advancements. This decisive leap forward is just the beginning of a new era.”
What do you think about Bitmex sending a physical bitcoin to the moon? Let us know in the comments section below.
Moon – The Lunar Metaverse Launches Revenue Generating NFT Land Sale
Moon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new world, drive its economy and uncover the mysteries of the Moon’s dark side.
The limited collection at the best possible value of 1000 land plots launches today.
Launching today the first 1000 NFT lands offer the best deal possible for early adopters. Get a head start by joining Moon Metaverse during its private sale period and gain access to land containing extremely rare and valuable resources.
Moon’s lunar surface is represented by 126,000 virtual HEX land plots, each represented by an NFT. Players will have the opportunity to surpass the Moon landings of the late 60s, and early 70s by controlling, developing, and expanding their HEXs into fully-functioning communities within the first lunar colony.
Why Buy Moon’s Lunar Land?
Each Hex grants its owner the opportunity to participate in Moon’s player-driven economy. They can be bought, sold, rented, and developed as players wish by using Moon’s native token. The value of a HEX can be increased by developing territory that is viable as an economic, political, and militaristic ‘Moon country’.
NFT land passively generates the game’s tokens for the players controlling it. Through smart strategic gameplay and decision making, a player’s HEX could become home to dozens of businesses and hundreds of other players who are working and paying taxes as part of these larger countries. Each transaction on a HEX generates revenue for its landlord.
Moon tokens will be earned from a range of in-game activities and can be held for long-term appreciation, sold on crypto exchanges, or simply fed back into the game to continue Hex development. As Moon’s player-driven ecosystem expands, so will greater demand for its finite plots of land, in-game resources, and tools. This will support the long-term value of the token.
Moon’s lunar NFT Hexs will be a fantastic investment, opening up seemingly limitless possibilities for their owners to start earning revenue. Don’t miss this chance to be one of the first to join the Moon Metaverse.
Diana, a Blockchain Lunar Registry, Attempts to Tokenize the Moon
The cadastral map will offer a chance for everyone to claim a stake in the moon before Jeff Bezos claims it.
CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7
US and Russia Team up to Build a Lunar Space Station
Russia and the United States are not on friendly terms much of the time. There has historically been a lot of political tension between both superpowers, and that situation may not change anytime soon. However, both countries are now collaborating to build the moon’s first space station. It’s an interesting idea, even though it remains to be seen how feasible such a venture truly is in the long run. Building a lunar space station is not something one can expect to complete overnight either. Russia and the US Bury the Hatchet for now Over the past few years, there have been multiple incidents
BitNewz.net