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#Whales had purchased 92 billion and 384 billion #ShibaINU Inu, while lead developer of #SHIB #Kusama keeps saying that the launch of the #Shibarium beta version will take place as soon as possible.
Polkadot (DOT), Kusama (KSM), And Cardano (ADA) Lead In Development Activity Among Top Crypto
In the ever-changing world of cryptocurrency, development activity is a key indicator of a project’s success. According to data released by Santiment, a leading blockchain analytics platform, the top 10 cryptocurrencies with the most notable GitHub commits in the past 30 days have been identified.
Topping the list is Polkadot (DOT), a multi-chain platform that allows different blockchains to connect and interact with each other. The platform has been gaining popularity among developers due to its scalability and interoperability features. In second place is Kusama (KSM), a sister chain of Polkadot that enables developers to experiment and test new features before deploying them on the main network.
In third place is Cardano (ADA), a proof-of-stake blockchain platform that aims to provide a more sustainable and scalable alternative to traditional proof-of-work blockchains like Bitcoin. Cardano has been in the news recently for its partnership with the Ethiopian government to use its blockchain technology to track educational performance.
Fourth on the list is Internet Computer (ICP), a decentralized computing platform that aims to provide a more secure and efficient alternative to centralized cloud computing. The platform has been gaining traction among developers due to its innovative approach to decentralized computing.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, comes in at fifth place. Ethereum is a decentralized platform that allows developers to build decentralized applications (dapps) on top of its blockchain. The platform has been in the news recently for its upcoming transition to a proof-of-stake consensus mechanism.
Sixth on the list is Status (SNT), a mobile app that allows users to access decentralized applications on the Ethereum blockchain. The app has been gaining popularity among developers due to its user-friendly interface and ability to store multiple cryptocurrencies.
Hedera (HBAR), a decentralized public network that aims to provide a more secure and efficient alternative to traditional blockchain networks, takes seventh place. The platform has been in the news recently for its partnership with Chainlink to provide decentralized oracle services.
Cosmos (ATOM), an ecosystem of interconnected blockchains, comes in at eighth place. The platform has been gaining popularity among developers due to its interoperability features and ability to support multiple blockchains.
Ninth on the list is Chainlink (LINK), a decentralized oracle network that connects smart contracts to real-world data. The platform has been in the news recently for its partnership with Hedera to provide decentralized oracle services.
Rounding off the top 10 is Decentraland (MANA), a virtual reality platform built on the Ethereum blockchain. The platform allows users to create and monetize virtual experiences and has been gaining popularity among developers due to its innovative approach to virtual reality.
In conclusion, the Santiment data reveals that Polkadot, Kusama, and Cardano are leading the way in terms of development activity among the top cryptocurrencies. However, other platforms like Internet Computer and Hedera are also gaining traction among developers due to their innovative approach to blockchain technology.
#Polkadot #Kusama #Cardano #DOT #azcoinnews
This article was republished from azcoinnews.com
Topping the list is Polkadot (DOT), a multi-chain platform that allows different blockchains to connect and interact with each other. The platform has been gaining popularity among developers due to its scalability and interoperability features. In second place is Kusama (KSM), a sister chain of Polkadot that enables developers to experiment and test new features before deploying them on the main network.
In third place is Cardano (ADA), a proof-of-stake blockchain platform that aims to provide a more sustainable and scalable alternative to traditional proof-of-work blockchains like Bitcoin. Cardano has been in the news recently for its partnership with the Ethiopian government to use its blockchain technology to track educational performance.
Fourth on the list is Internet Computer (ICP), a decentralized computing platform that aims to provide a more secure and efficient alternative to centralized cloud computing. The platform has been gaining traction among developers due to its innovative approach to decentralized computing.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, comes in at fifth place. Ethereum is a decentralized platform that allows developers to build decentralized applications (dapps) on top of its blockchain. The platform has been in the news recently for its upcoming transition to a proof-of-stake consensus mechanism.
Sixth on the list is Status (SNT), a mobile app that allows users to access decentralized applications on the Ethereum blockchain. The app has been gaining popularity among developers due to its user-friendly interface and ability to store multiple cryptocurrencies.
Hedera (HBAR), a decentralized public network that aims to provide a more secure and efficient alternative to traditional blockchain networks, takes seventh place. The platform has been in the news recently for its partnership with Chainlink to provide decentralized oracle services.
Cosmos (ATOM), an ecosystem of interconnected blockchains, comes in at eighth place. The platform has been gaining popularity among developers due to its interoperability features and ability to support multiple blockchains.
Ninth on the list is Chainlink (LINK), a decentralized oracle network that connects smart contracts to real-world data. The platform has been in the news recently for its partnership with Hedera to provide decentralized oracle services.
Rounding off the top 10 is Decentraland (MANA), a virtual reality platform built on the Ethereum blockchain. The platform allows users to create and monetize virtual experiences and has been gaining popularity among developers due to its innovative approach to virtual reality.
In conclusion, the Santiment data reveals that Polkadot, Kusama, and Cardano are leading the way in terms of development activity among the top cryptocurrencies. However, other platforms like Internet Computer and Hedera are also gaining traction among developers due to their innovative approach to blockchain technology.
#Polkadot #Kusama #Cardano #DOT #azcoinnews
This article was republished from azcoinnews.com
Shytoshi Kusama Rallies SHIB Influencers for Unity Push
Post By: CryptosHeadlines.com
Shiba Inu’s Shytoshi Kusama has initiated a movement aimed at uniting SHIB influencers across various media channels.
Shiba Inu’s Shytoshi Kusama Calls for Unity Among SHIB Influencers
Shytoshi Kusama, a prominent figure in the Shiba Inu cryptocurrency project, has urged SHIB influencers and content creators to come together. Embracing the decentralized nature of the platform, Kusama’s call seeks to combine the promotional efforts of independent operators using different media channels.
Kusama emphasized the need for coordination and information sharing to enhance community unity, extending the project’s impact and influence.
Shytoshi Kusama’s Call for Unity in the “Shib Army”
Shytoshi Kusama’s message to the “Shib Army” is straightforward: Unify efforts and streamline the online representation of the cryptocurrency.
This initiative aims to foster more organized communication and collaborative strategies among influencers operating Shib-related media platforms.
Kusama has outlined initial steps that involve influencers confirming their control over Shib-branded accounts and sharing basic contact information. Future plans, as noted by Kusama, will be disclosed in due time.
This action is viewed as an effort to enhance the effectiveness of their community engagement and, potentially, to fortify the branding and marketing of the SHIB ecosystem.
Kusama’s Positive Engagement with the SHIB Community
Kusama has actively interacted with the community on Telegram in recent weeks, expressing his optimism regarding the current state and future direction of the Shib ecosystem. He sees potential for growth in terms of utility, scope, and depth.
Embracing a forward-looking perspective, Kusama encourages the community to overcome fear, uncertainty, and doubt (FUD) and to embrace the visionary aspect of their collective efforts.
In a more philosophical tone, Kusama shared a symbolic story that draws parallels between a Shiba Inu discovering a temple of wisdom along an unexplored path and the journey of the Shib community.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoNews #Shytoshi #Kusama #shiba #ShibaInu
Shiba Inu’s Shytoshi Kusama has initiated a movement aimed at uniting SHIB influencers across various media channels.
Shiba Inu’s Shytoshi Kusama Calls for Unity Among SHIB Influencers
Shytoshi Kusama, a prominent figure in the Shiba Inu cryptocurrency project, has urged SHIB influencers and content creators to come together. Embracing the decentralized nature of the platform, Kusama’s call seeks to combine the promotional efforts of independent operators using different media channels.
Kusama emphasized the need for coordination and information sharing to enhance community unity, extending the project’s impact and influence.
Shytoshi Kusama’s Call for Unity in the “Shib Army”
Shytoshi Kusama’s message to the “Shib Army” is straightforward: Unify efforts and streamline the online representation of the cryptocurrency.
This initiative aims to foster more organized communication and collaborative strategies among influencers operating Shib-related media platforms.
Kusama has outlined initial steps that involve influencers confirming their control over Shib-branded accounts and sharing basic contact information. Future plans, as noted by Kusama, will be disclosed in due time.
This action is viewed as an effort to enhance the effectiveness of their community engagement and, potentially, to fortify the branding and marketing of the SHIB ecosystem.
Kusama’s Positive Engagement with the SHIB Community
Kusama has actively interacted with the community on Telegram in recent weeks, expressing his optimism regarding the current state and future direction of the Shib ecosystem. He sees potential for growth in terms of utility, scope, and depth.
Embracing a forward-looking perspective, Kusama encourages the community to overcome fear, uncertainty, and doubt (FUD) and to embrace the visionary aspect of their collective efforts.
In a more philosophical tone, Kusama shared a symbolic story that draws parallels between a Shiba Inu discovering a temple of wisdom along an unexplored path and the journey of the Shib community.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoNews #Shytoshi #Kusama #shiba #ShibaInu
Did you know if $KSM reaches the market cap of $DOT it would be worth $1324.68 or a substantial x30.99 its current price? 📈
#marketcap #MarketCapitalization #KSM #Kusama
#marketcap #MarketCapitalization #KSM #Kusama
Be ready for the KSM bull everything is possible make sure you buy this before the disaster! #Kusama #BinanceTournament $KSM
📈 #KSM/USDT Trade Setup 🚀 $KSM
🔍 Price firmly holding its Uptrend ground! A breakthrough $50 unleashes further potential, aiming for a +30% rally to $65. Key details to navigate:
🎯 Buy Signal: Watch for the confirmation with a surge above $50. Buckle up for a potential +30% ride to $65! 🚀
📈 Trend: Sturdy Uptrend reigning supreme on all horizons (ST, MT, LT)
🚀 Momentum: Bullish indicators shining bright: MACD Line > Signal Line, RSI > 55.
🔍 Supp/Res: $40 (Prev. Res.), $35 / $50, $65
🚨 Stay vigilant and set those alerts for timely actions!
🎯 Sell Target: $65 (Potential +30% gains)
🛑 Stop Loss: Secure your gains with a strategic stop loss.
Stay Vigilant 📈 #KSM #Kusama #CryptoTrading #Write2Earn
🔍 Price firmly holding its Uptrend ground! A breakthrough $50 unleashes further potential, aiming for a +30% rally to $65. Key details to navigate:
🎯 Buy Signal: Watch for the confirmation with a surge above $50. Buckle up for a potential +30% ride to $65! 🚀
📈 Trend: Sturdy Uptrend reigning supreme on all horizons (ST, MT, LT)
🚀 Momentum: Bullish indicators shining bright: MACD Line > Signal Line, RSI > 55.
🔍 Supp/Res: $40 (Prev. Res.), $35 / $50, $65
🚨 Stay vigilant and set those alerts for timely actions!
🎯 Sell Target: $65 (Potential +30% gains)
🛑 Stop Loss: Secure your gains with a strategic stop loss.
Stay Vigilant 📈 #KSM #Kusama #CryptoTrading #Write2Earn
$KSM #Kusama on a lower timeframe looks bullish. As I mentioned on my X (Twitter), some of the coins look bullish & some of them look bearish. Price bouncing back from this demand zone, money flow tries to break through into a positive, etc. Full send again after breaking through this Resistance Box.
🔥🔥🔥Shiba Inu (SHIB) Sparks Speculation with Cryptic New Tweet: Details
What is cooking for Shiba Inu? #SHIB chief developer mocks cryptic tweet
Shiba Inu leader Shytoshi Kusama has ignited fresh speculation with a cryptic new tweet. In the tweet, which was not addressed to anyone, he said: "I approve with the children. Nice to meet you!" it says.
The tweet sparked a lot of curiosity and speculation among the Shiba Inu community, also known as the ShibArmy, who are eagerly awaiting updates and news about the project.Dec. #Kusama did not provide any further details or clues about her tweet, leaving the Shiba Inu community in a state of curiosity and anticipation. This also leaves the interpretation of his tweet open.
Hitoshi Kusama™
@ShytoshiKusama
Confirming with the guys... nice to meet you!
OS 5:38 · Feb 7, 2024
There are probably several meanings: Given the chat style of the tweet, the tweet may indicate a new partnership or collaboration with a large organization or platform. The tweet may be promoting a new campaign that could increase the visibility and awareness of the Shiba Inu project. The corresponding Shiba Inu (SHIB) Leader Responded to the New Launch of Welly This will not be the first time that Kusama has mocked the Shiba Inu community with mysterious tweets. In the past, he had given hints about various developments and surprises related to the Shiba Inu project through cryptic tweets. Earlier in January, Shiba Inu announced 2024 as the year of Shibdentity while announcing its cooperation with the official identification service provider D3. As the year progresses, Shiba Inu is expected to make important announcements as it prepares to launch new features.
#shibaInu #Write2Earn #binance
What is cooking for Shiba Inu? #SHIB chief developer mocks cryptic tweet
Shiba Inu leader Shytoshi Kusama has ignited fresh speculation with a cryptic new tweet. In the tweet, which was not addressed to anyone, he said: "I approve with the children. Nice to meet you!" it says.
The tweet sparked a lot of curiosity and speculation among the Shiba Inu community, also known as the ShibArmy, who are eagerly awaiting updates and news about the project.Dec. #Kusama did not provide any further details or clues about her tweet, leaving the Shiba Inu community in a state of curiosity and anticipation. This also leaves the interpretation of his tweet open.
Hitoshi Kusama™
@ShytoshiKusama
Confirming with the guys... nice to meet you!
OS 5:38 · Feb 7, 2024
There are probably several meanings: Given the chat style of the tweet, the tweet may indicate a new partnership or collaboration with a large organization or platform. The tweet may be promoting a new campaign that could increase the visibility and awareness of the Shiba Inu project. The corresponding Shiba Inu (SHIB) Leader Responded to the New Launch of Welly This will not be the first time that Kusama has mocked the Shiba Inu community with mysterious tweets. In the past, he had given hints about various developments and surprises related to the Shiba Inu project through cryptic tweets. Earlier in January, Shiba Inu announced 2024 as the year of Shibdentity while announcing its cooperation with the official identification service provider D3. As the year progresses, Shiba Inu is expected to make important announcements as it prepares to launch new features.
#shibaInu #Write2Earn #binance
Kusama (KSM)-Based Crypto Project Soars 188% Amid Growing Polkadot (DOT) Ecosystem Momentum This Wee
A small-cap crypto project built on Kusama (KSM) has exploded by more than 188% this week amid widespread momentum among Polkadot (DOT) ecosystem projects.
Moonriver (MOVR) is an Ethereum (ETH)-compatible parachain built on Kusama.
The project serves as a canary network to test code for Moonbeam (GLMR), a smart contract platform for cross-chain connected applications.
MOVR is trading at $29.16 at time of writing, up from $10.12 one week ago. The 201st-ranked crypto asset by market cap is also up more than 36% in the past 24 hours.
MOVR’s gains materialized amid a wider uptrend for Polkadot projects. Kusama, Polkadot’s canary test network, is also up big this week. KSM, the project’s native token, is trading at $50.01 at time of writing after gaining more than 52% in the past seven days.
Moonbeam’s native asset, GLMR, is trading at $0.47 at time of writing. The 158th-ranked crypto asset by market cap is up more than 24% in the past week.
DOT itself has traded sideways this week but is up more than 60% in the past month.
The Polkadot ecosystem continues to be one of the most active in terms of development activity, according to the crypto analytics firm Santiment.
Source: Santiment/X
The smart contract platform and Kusama each registered 357.8 notable GitHub commits over 30 days between late November and late December, tied for second among all crypto projects. Only fellow Ethereum rival Cardano (ADA) clocked more commits, with 540.
Santiment notes that it doesn’t count routine updates and uses “advanced methodology” to collect data for “true” GitHub commits only.
The firm says that high levels of development activity can indicate developers have confidence in the blockchain’s longevity and that new features may be coming soon to the project’s ecosystem.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Kusama #Polkadot
Moonriver (MOVR) is an Ethereum (ETH)-compatible parachain built on Kusama.
The project serves as a canary network to test code for Moonbeam (GLMR), a smart contract platform for cross-chain connected applications.
MOVR is trading at $29.16 at time of writing, up from $10.12 one week ago. The 201st-ranked crypto asset by market cap is also up more than 36% in the past 24 hours.
MOVR’s gains materialized amid a wider uptrend for Polkadot projects. Kusama, Polkadot’s canary test network, is also up big this week. KSM, the project’s native token, is trading at $50.01 at time of writing after gaining more than 52% in the past seven days.
Moonbeam’s native asset, GLMR, is trading at $0.47 at time of writing. The 158th-ranked crypto asset by market cap is up more than 24% in the past week.
DOT itself has traded sideways this week but is up more than 60% in the past month.
The Polkadot ecosystem continues to be one of the most active in terms of development activity, according to the crypto analytics firm Santiment.
Source: Santiment/X
The smart contract platform and Kusama each registered 357.8 notable GitHub commits over 30 days between late November and late December, tied for second among all crypto projects. Only fellow Ethereum rival Cardano (ADA) clocked more commits, with 540.
Santiment notes that it doesn’t count routine updates and uses “advanced methodology” to collect data for “true” GitHub commits only.
The firm says that high levels of development activity can indicate developers have confidence in the blockchain’s longevity and that new features may be coming soon to the project’s ecosystem.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Kusama #Polkadot
Made by whymepls #KSM 12H
Cryptovizor: TREND 🔴🔴🔴🔴🔴 MA 🔴 RSI 🔴 00:01 12.05.2023
Volume 1D 2.22M CD Week -361.38K
#Kusama the sibling of Polkadot, serves as a test network for blockchain developers. The asset is currently below the MA50/MA200 on the 12H timeframe, so a long position is not relevant. The RSI at 25 on the 12H timeframe suggests oversold conditions, with a forming bullish divergence hinting a potential rebound.
However, counter-trend scenarios aren't considered due to the daily volume of ~3M on the spot market, which could increase slippage.
Alerts are set for the resistance level around $28.5, awaiting volume and an entry point for a short position. #trading #analysis #cryptotrading
Cryptovizor: TREND 🔴🔴🔴🔴🔴 MA 🔴 RSI 🔴 00:01 12.05.2023
Volume 1D 2.22M CD Week -361.38K
#Kusama the sibling of Polkadot, serves as a test network for blockchain developers. The asset is currently below the MA50/MA200 on the 12H timeframe, so a long position is not relevant. The RSI at 25 on the 12H timeframe suggests oversold conditions, with a forming bullish divergence hinting a potential rebound.
However, counter-trend scenarios aren't considered due to the daily volume of ~3M on the spot market, which could increase slippage.
Alerts are set for the resistance level around $28.5, awaiting volume and an entry point for a short position. #trading #analysis #cryptotrading
©Breaking News #SHIB_BURN
Recently ask quiz about shib burn and #Kusama reacts burn burn 🚀🚀 Shib price move 🚀
$SHIB
Recently ask quiz about shib burn and #Kusama reacts burn burn 🚀🚀 Shib price move 🚀
$SHIB
👉👉👉 $SHIB Holders React as #shibaInu Lead Changes Location on #Twitter
The pseudonymous lead developer of Shiba Inu has caused a stir in the SHIB community as his location marker on X (formerly Twitter) changed to Singapore. The user "KURO SHIBARMY JPN," a Shiba Inu enthusiast who shares SHIB-related events in Japan, shared a screenshot showing Shytoshi Kusama's location as Singapore. This development sparked varied reactions within the Shiba Inu community, with speculation about Kusama's purpose in Singapore. Some suggested a vacation, while others used the opportunity to criticize the Shiba Inu ecosystem team due to low token prices. #Kusama has changed his location marker on X before, and the reason for his visit to Singapore remains undisclosed.
Shiba Inu (SHIB) has been trading below the $0.00001 level since January 12, following a significant drop in crypto prices a day after the launch of Bitcoin spot ETFs in the United States. Despite this, historical performance indicates that SHIB may experience double-digit gains in February 2024. As of the current writing, SHIB is priced at $0.00000903, showing a 2% increase in the past 24 hours.
Source - thecryptobasic.com
#CryptoNews #BinanceSquare
The pseudonymous lead developer of Shiba Inu has caused a stir in the SHIB community as his location marker on X (formerly Twitter) changed to Singapore. The user "KURO SHIBARMY JPN," a Shiba Inu enthusiast who shares SHIB-related events in Japan, shared a screenshot showing Shytoshi Kusama's location as Singapore. This development sparked varied reactions within the Shiba Inu community, with speculation about Kusama's purpose in Singapore. Some suggested a vacation, while others used the opportunity to criticize the Shiba Inu ecosystem team due to low token prices. #Kusama has changed his location marker on X before, and the reason for his visit to Singapore remains undisclosed.
Shiba Inu (SHIB) has been trading below the $0.00001 level since January 12, following a significant drop in crypto prices a day after the launch of Bitcoin spot ETFs in the United States. Despite this, historical performance indicates that SHIB may experience double-digit gains in February 2024. As of the current writing, SHIB is priced at $0.00000903, showing a 2% increase in the past 24 hours.
Source - thecryptobasic.com
#CryptoNews #BinanceSquare
Top 10 cryptocurrencies by development activity in last 30 days
As the majority of assets in the #cryptocurrency market are trading in the green on most charts, blockchain and cryptocurrency businesses continue to invest significant efforts in terms of developing their ecosystems, with development activities of some of them being more intense than others.
Specifically, the #Polkadot ($DOT ) protocol and its public pre-production environment, #Kusama ($KSM ), share the top position in terms of notable #GitHub commits across the previous 30 days, according to the data by the on-chain and social metrics platform Santiment in an X post published on November 28.
As the majority of assets in the #cryptocurrency market are trading in the green on most charts, blockchain and cryptocurrency businesses continue to invest significant efforts in terms of developing their ecosystems, with development activities of some of them being more intense than others.
Specifically, the #Polkadot ($DOT ) protocol and its public pre-production environment, #Kusama ($KSM ), share the top position in terms of notable #GitHub commits across the previous 30 days, according to the data by the on-chain and social metrics platform Santiment in an X post published on November 28.
#Polkadot ( $DOT ), #Kusama ( $KSM ), and #Cardano ( $ADA ) Lead the Crypto Development Race
The “blockchain of blockchains” Polkadot ($DOT ) is currently the leading #cryptocurrency network by development activity, and it’s followed by Kusama ($KSM ), a public pre-production environment for it, and by smart contract platform Cardano ($ADA ).
That’s according to data from on-chain analytics firm Santiment, Polkadot has managed to maintain its position as the leading cryptocurrency in terms of development activity, with Kusama and Cardano making the top three.
The “blockchain of blockchains” Polkadot ($DOT ) is currently the leading #cryptocurrency network by development activity, and it’s followed by Kusama ($KSM ), a public pre-production environment for it, and by smart contract platform Cardano ($ADA ).
That’s according to data from on-chain analytics firm Santiment, Polkadot has managed to maintain its position as the leading cryptocurrency in terms of development activity, with Kusama and Cardano making the top three.
$KSM #Kusama price increased by 113.51% in total after I gave this call when the price was $30.39 per coin. Always take your profits. Still profitable at this moment. But...
Of course, the market took a massive dudu today, but what did you expect? The market was overheated.
I was tweeting this the entire time that the pullback is inevitable. Always take your profits you greedy baboons lol
Of course, the market took a massive dudu today, but what did you expect? The market was overheated.
I was tweeting this the entire time that the pullback is inevitable. Always take your profits you greedy baboons lol
Traders Get Cynical as Polkadot Surges: Short Positions Rise Against DOT
Contrasting Market Trends: Polkadot’s DOT price surges despite an increase in short positions and a decline in public sentiment.Ecosystem Developments: Recent collaborations and ecosystem updates in Polkadot, including the launch of Polimec and Parallel Finance, may influence future market sentiment.
Polkadot [DOT] has recently witnessed a perplexing market trend. Despite experiencing a notable increase in its price, the altcoin is facing growing bearish sentiment among traders, as evidenced by a rise in short positions against DOT.
A Surge in Short Positions Amidst Price Growth
Analysis of Coinglass data by AMBCrypto reveals a significant growth in the number of short positions taken against DOT, increasing from 49% to 55% in recent days. This trend indicates that a considerable number of traders are betting on a decline in DOT’s price, despite its ongoing bullish performance.
The #Polkadot and #Kusama ecosystems are growing impressively with great news on a daily basis 🗞️
#PolkadotInsider is pleased to bring you the recap of highlight events in the
@Polkadot and @kusamanetwork ecosystems in the last 72hrs 📰
Check it out 👇🧵
#DOT #KSM https://twitter.com/PolkadotInsider/status/1731070806976024827/photo/1
— Evernode - rEvernodee8dJLaFsujS6q1EiXvZYmHXr8🪝 (@EvernodeXRPL) Dec 4, 2023
Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
Polkadot [DOT] has recently witnessed a perplexing market trend. Despite experiencing a notable increase in its price, the altcoin is facing growing bearish sentiment among traders, as evidenced by a rise in short positions against DOT.
A Surge in Short Positions Amidst Price Growth
Analysis of Coinglass data by AMBCrypto reveals a significant growth in the number of short positions taken against DOT, increasing from 49% to 55% in recent days. This trend indicates that a considerable number of traders are betting on a decline in DOT’s price, despite its ongoing bullish performance.
The #Polkadot and #Kusama ecosystems are growing impressively with great news on a daily basis 🗞️
#PolkadotInsider is pleased to bring you the recap of highlight events in the
@Polkadot and @kusamanetwork ecosystems in the last 72hrs 📰
Check it out 👇🧵
#DOT #KSM https://twitter.com/PolkadotInsider/status/1731070806976024827/photo/1
— Evernode - rEvernodee8dJLaFsujS6q1EiXvZYmHXr8🪝 (@EvernodeXRPL) Dec 4, 2023
Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
The biggest stories of the week
#Stablecoins
The most popular stablecoin, tether (#USDT ), issuer Tether, announced that it will no longer support USDT on networks such as Omni Layer, #Bitcoin Cash SLP, and #Kusama due to lack of market interest. Omni Layer, built on the Bitcoin #blockchain , was particularly important for Tether in its early days. The company mentioned that USDT could still return to Omni Layer if demand increases.
#Stablecoins
The most popular stablecoin, tether (#USDT ), issuer Tether, announced that it will no longer support USDT on networks such as Omni Layer, #Bitcoin Cash SLP, and #Kusama due to lack of market interest. Omni Layer, built on the Bitcoin #blockchain , was particularly important for Tether in its early days. The company mentioned that USDT could still return to Omni Layer if demand increases.
