NFT News by Thebittimes.Com

Shiba Inu (SHIB) has had quite an eventful year in 2022. In April, the project launched its very own burn portal. The aim is to remove as many SHIB tokens from the circulating supply. Ever since fans and investors have actively participated in the burn process. At press time, SHIB’s burn rate surged to a whopping 649.92%. In the past 24 hours, 25,991,998 Shiba Inu tokens have been burned. Additionally, one single transaction was responsible for removing 10 million SHIB tokens from circulation. Source: Shibburn SHIB is undoubtedly one of the most popular crypto projects in existence. Having a low price, the project is passionately loved by fans, in hopes of it reaching “the moon.” Today in particular SHIB is witnessing massive buy orders on the popular crypto exchange Coinbase. As per the data, Coinbase has 91% buy orders for Shiba Inu, and only 9% sell orders . Additionally, the holding time has jumped from 5 months to 6.5 months, indicating growing confidence amo...

Cardano price flipped green on Monday, following in the footsteps of its bigger siblings – Bitcoin (BTC) and Ethereum. The smart contracts token has moved 1.85% in 24 hours, attracting $380 million in trading volume. Its short-term technical picture screams bullish – forecasting a 25% breakout. Retail Investors Are Ready to Back Cardano Price Breakout Cardano price is trading 87.90% below its all-time high of $3.09, set in September 2021. While its value tanked immensely over the last year, holders of between 100 and 1,000 tokens now account for 1.15% of the network's circulating supply , up from 0.92%. A similar growth pattern occurred among addresses with between 1,000 and 10,000 ADA tokens, growing by 0.59% to account for 4.95% of the total supply . In spite of this increase in demand, pressure has continued to mount intensely on Cardano. ADA Supply Distribution Retail holders mustn't lose sight of what lies ahead. In other words, the bear market rarel...

Since its inception, the number of HODLers of the Ethereum token has gradually inclined. Just a day back, the number of addresses possessing the largest Altcoin surpassed the 87 million mark. Read More: Ethereum HODLers surpass 87 million: $1500 next stop for ETH? ETH is primarily a retail token. Per data from ITB, close to 60% of the addresses HODL is less than 0.1% of the circulating supply . Investors [users who possess between 0.1% to 1% of the circulating supply ] account for 23%. Large addresses, or WHALES , own the remaining 17% of Ethereum. Ethereum concentration | Source: ITB Who possesses the most Ethereum? The largest ETH-holding address was the beacon chain deposit contract deposit smart contract which held over 14.1 million tokens. The same translated to 11.7% of ETH’s supply as of 7 October, per on-chain data from Etherscan. The beacon deposit contract has executed a total of 225,748 transactions to date. Top Accounts by ETH Balance | Source: Etherscan ...