Nevertheless, some observers said there may have been fundamental reasons behind the gains. “The parabolic move by SHIB is mainly fueled by the coming Shibarium protocol,” shared Adam O’Neill, CMO at crypto exchange Bitrue, in an email. “This move is also partly coming from SHIB burnt token that has reached a total of 400 trillion milestone.”
Related posts
-
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed... -
Bitcoin $110,000 Target Holds, Breaking These Key Levels Crucial To Avoid Crash
Bitcoin (BTC) experienced a significant drop, reaching as low as $56,700 on Thursday. This price level... -
Bitcoin Completes 9th Test Of $60,000, Where Does Price Go From Here?
Bitcoin (BTC) has completed its ninth test of the $60,000 support level, hinting at a potential...