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The Crypto Basic

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Ethereum's network is rebounding, with its price outdoing that of Bitcoin over the past month.#Ethereum. #ETHUSDT #bitcoin 

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.

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El Salvador’s president, Nayib Bukele, has expressed his delight as the country’s #Bitcoin portfolio records massive gains with BTC’s surge past $106,000. Bukele took to X to highlight the milestone, sharing El Salvador’s Bitcoin portfolio gains. Per the tweet, the country’s stash of the premier asset has crossed the $632 million valuation mark. El Salvador’s Bitcoin Stash Tops $632M Notably, a screenshot of El Salvador’s Bitcoin Office platform shows that the portfolio hit $632 million when Bitcoin reached a new all-time high of $106,488. Of the total portfolio value, the country invested $270 million to purchase its 5,966 BTC stash. Bukere’s post shows that El Salvador has an unrealized profit of $362 million, a staggering 133.95% portfolio increase. Notably, the chart shows that the country’s wallet surged from around $100 million in late 2023 to the new high. Meanwhile, El Salvador maintains its practice of buying one Bitcoin daily until it becomes impossible to acquire with fiat. At the time of writing, the country’s portfolio has reduced slightly to $619 million, following Bitcoin’s retracement to $103,851. Earlier last year, when El Salvador’s Bitcoin bet started paying off, Bukele criticized legacy media outlets for predicting doom for the country following its adoption of Bitcoin. Despite the country’s massive profits, the IMF still urged the El Salvadoran government last month to reconsider its Bitcoin stance. #CryptoNewsUSA

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MetaMask confirms that interest in #shiba⚡ Inu among market participants remain high despite the ongoing consolidation phase. After rising over 98% from about $0.00001687 to highs around $0.00003343 after the U.S. election, Shiba Inu’s (SHIB) rally appears to be stalling. Last week, for example, the popular doggy-themed meme coin declined by over 15% from an opening price of $0.00003219 to close at about $0.00002788. Despite this lackluster price showing, interest in the token remains significantly high, at least according to a recent MetaMask ranking. Shiba Inu (SHIB) Swaps Remain High SHIB was among the most swapped tokens by MetaMask users last week. According to the popular Ethereum wallet, it was the fifth most swapped token on the platform during the period in question. Other tokens in the top five rankings were Pepe Unchained (PEPU), Pepe (PEPE), Baby Doge (BabyDoge), and HEX (HEX), in first, second, third, and fourth place, respectively. SHIB’s appearance in the ranking highlights high interest among traders. The metric holds even more weight, considering MetaMask’s large customer base. The wallet is widely regarded as the most used Ethereum wallet, with over 30 million monthly users. Interestingly, with the latest development, SHIB has now appeared in the MetaMask ranking for three consecutive weeks. #CryptoNewsCommunity

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"PEPE Targets $0.0000314 After Bullish Triangle Breakout"

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"Dogecoin Positioned for Big Gains: Top Market Strategist’s Bull Run Pick"

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The #shiba⚡ Inu decentralized exchange (DEX) ShibaSwap is gearing up for a major upgrade with the anticipated introduction of liquid staking. Shibarium Updates (@Shibizens), an X channel focused on Shibarium ecosystem disclosures, alerted the public to the upcoming upgrade over the weekend. “Liquid staking is coming to ShibaSwap,” the channel remarked, describing the upgrade as the next level of DeFi. According to the latest disclosure, the development was unveiled on Shiba Inu’s rebranded website. Liquid Staking on ShibaSwap Notably, the liquid staking feature will enable ShibaSwap users to stake their tokens on the DEX while retaining liquidity. Through the feature, users can earn rewards on their staked assets and still gain access to their locked assets. Upon staking their tokens through the liquid staking feature, users will receive liquid tokens representing their staked assets. Interestingly, users can utilize the liquid tokens for trading and as collateral on DeFi platforms. In the ShibaSwap case, @Shibizens disclosed that users will receive liquid Treat tokens (veTREAT) when they stake their TREAT tokens using the liquid staking feature. Aside from representing users’ stakes, veTREAT also grants holders governance power to control the allocation of rewards for liquidity mining. It bears mentioning that TREAT is not yet available for public use. #CryptoNews”

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