#bitcoin Cash price forecast: After its rise by 15%, would | salemhamidioff on Binance Square

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#bitcoin Cash price forecast: After its rise by 15%, would whales prefer to buy it instead of the #original #bitcoin ?
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•Cryptocurrency whales release strong bullish signals... steps that herald market recovery. •A number of crypto whales recently transferred a total of $1.3 billion worth of the digital stablecoin (USDC) to major exchange Coinbase, with market analysts viewing these transfers as a potential giant buy signal. •This massive influx of funds occurred in simultaneous transactions from five different addresses. Consequently, this development sparked speculation of an imminent bullish phase for cryptocurrencies, especially Bitcoin and Ethereum. •Details of these transactions reveal a coordinated effort between cryptocurrency whales. The transfers were nearly simultaneous, suggesting that a single entity may control all five addresses. •Specifically, the address 0x45a sent $295.86 million to Coinbase. After that, addresses 0x29d and 0x41d each transferred $350 million. Furthermore, addresses 0xbdE and 0xeC9 contributed $150 million each, peaking at around $1.3 billion. •The data in these cryptocurrency wallet addresses indicates that a single entity may control these wallets. Moreover, all five cryptocurrency wallets follow a consistent pattern. •For example, before sending $150 million to Coinbase, wallet 0xeC9 received funds from another wallet, 0x747. •This cyclical transfer pattern raises the possibility that these cryptocurrency whales may have previously liquidated their positions at the market peak and converted their assets into USDC. While their return to the cryptocurrency exchange platform may indicate their belief that the market has reached the bottom and is now preparing for a new upward path. $BTC $ETH $BNB #Follow_Like_Comment

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•Cryptocurrency transactions exploded by 160% in 24 hours. •Amid a rebound in key metrics, Shiba Inu coin transactions on the Shibarium network rose by a staggering 160% in 24 hours. •Shibarium – Recovered Transaction Volume Increases Data from Shibariumscan shows that transactions on the Ethereum Layer-2 scaling solution reached 562,980 as of press time. This is a significant increase from the 352,000 recorded by the network a few hours ago. At the same time, this is a far cry from the high of 958,500 that Shibarium saw before the massive 63.2% drop almost two days ago. •Nearly two weeks ago, it was reported that daily transactions on the Shibarium network rose by a staggering 1,000%. Specifically, it went from about 6,410 to 75,800 in 24 hours. That is, an increase of 1082%. With tremendous growth, it is still below the record transaction volume seen earlier this year. •The 160% increase in transactions and the figure over half a million indicate that Shibarium's place in the L2 ecosystem has been restored. Overall, this brings the total number of transactions completed on the Shibarium network since its launch in August 2023 to 415 million. •This increase also provides the potential to expand the Shiba Inu ecosystem, reduce transaction fees, and improve speed. •In addition, about 100 thousand new wallets were added to the previous number. A total of 1.782 million addresses. Aside from the transaction fluctuations we see daily on L2. Other key metrics on the Shibarium network have remained stable in terms of their performance. It is worth noting that the disruptions did not hamper users' interest in the network. •Shiba Inu coin transaction activity is rising on Shibarium and based on historical information. Such bursts of activity are usually indicators of a potential rise in price. Therefore, Shiba Inu tokens are expected to react to an increase in transaction volume. •Shiba Inu (SHIB) price is up 2.63% with the cryptocurrency asset currently trading at $0.00002338 dollar. #FollowAndRetweet $SHIB

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