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Home»TRADING NEWS»Shibarium Fees Surge, Top Whales Speculate on 10K ETH
TRADING NEWS

Shibarium Fees Surge, Top Whales Speculate on 10K ETH

By Crypto FlexsSeptember 22, 20244 Mins Read
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Shibarium Fees Surge, Top Whales Speculate on 10K ETH
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Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only.

Ethereum ICO participants sent 10,000 ETH to Kraken in 2 years. Shibarium fees surge 2,024% as IntelMarkets raises $450,000.

According to recent news, an Ethereum ICO participant just sent 10,000 ETH to Kraken exchange. This transfer occurred after the participant had been dormant for over two years.

In other news, Shibarium trading fees have soared by 2,024% in the past day due to increased trading volume. Meanwhile, IntelMarkets had the best-performing pre-sale ever, raising over $450,000 as investors jumped in.

Ethereum Wallet Resurrected After 2 Years

According to data provided by Etherscan, one of the largest Ethereum wallets has come online after two years of inactivity. The wallet has become active and sent 10,000 ETH to the Crypto Exchange Kraken. The whale traded Ethereum for $24.37 million at an average of $2,437.

Due to the sale, the wallet now holds 9,298 ETH ($22.63 million). In other news, the Ethereum price continues to trade in a narrow range of $2,200 to $2,800, according to CoinMarketCap. This comes after a massive sell-off by the Ethereum Foundation and Ethereum co-founder Vitaliy Buterin.

The sell-off has caused the value of the Ethereum cryptocurrency to drop below its 50-day SMA of $2,584.80. Fortunately, the price of the Ethereum token is gaining momentum and could soon break above its 50-day SMA. If this happens, the altcoin price could reach $2,800 in the coming weeks.

Shiba Inu Shibarium Index Surges

Transaction fees on Sibarium, the layer 2 blockchain of the Shiba Inu ecosystem, have skyrocketed over the past day. According to data from SibariumScan, the total amount of BONE used for gas fees has increased from 15.67 to 317 tokens, a massive increase of 2,024%.

This increase is due to the total number of transactions also increasing by 70% in one day, from 4,537 to 7,715. Shibarium’s network of active accounts also expanded by 157.14%, from 42 to 108.

This shows that Shiba Inu Coin is attracting interest from investors, but it also raised concerns about the high fees associated with Sibarium. Meanwhile, the Shiba Inu price has been rising on monthly and weekly time frames.

The market cap of Mimecoin is consolidating between $7 billion and $9.5 billion. Analysts say that the value of the Shiba Inu cryptocurrency could surge above its 200-day SMA ($0.00001885) now that it has surpassed its 50-day SMA ($0.00001394).

IntelMarkets pre-sale numbers surge as more investors flock in

Analysts have named IntelMarkets (INTL) as the best ICO of the year based on its performance so far. It entered Phase 2 in less than two months and raised over $450,000. The growing interest is due to the upcoming AI-based cryptocurrency trading platform the project is working on.

IntelMarkets is building a trading platform that allows investors to trade effectively using algorithmic data and AI-based bots. What sets this particular AI bot apart from other similar $36.5 billion cryptocurrency trading markets is that it is self-learning and can be trained to use specific trading strategies.

Traders can define specific trading patterns for their bots, meaning that the bots follow specific trading patterns or trade using specific strategies. Other features of the platform include leverage of up to 1000:1, copy trading, high liquidity, and access to risk management tools.

Intel Markets is also one of the most trusted trading platforms in the trading sector. The team was able to conduct about 100,000 penetration tests, which did not penetrate the quantum-proof security protocol. In addition, Cyberscope evaluated the platform’s smart contracts to ensure investor security.

Shiba Inu and Ethereum Investors Are Bullish on IntelMarkets

IntelMarkets is a new DeFi project, but Shiba Inu and Ethereum investors are some of the people who invested heavily in the project by doubling down on the project and investing heavily in the presale. This allowed IntelMarkets to sell out the first phase of the presale and see huge growth in the second phase. Market experts predict that INTL will increase by 75% in the coming weeks.

To learn more about Intel Markets, visit our website, Telegram, and Twitter.

Disclosure: This content is provided by a third party. crypto.news does not endorse any of the products mentioned on this page. Users should do their own research before taking any action related to the company.

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