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Showing posts with the label market impact

SHIB Staking Could Spark Supply Shock

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Shiba Inu staking impact has actually reached some pretty critical levels right now, with $58.7 million worth of SHIB tokens being locked up in various contracts. This massive Shiba Inu staking impact is creating what we’re seeing as SHIB supply shock conditions that could really drive significant Shiba Inu scarcity and boost prices for Shiba token holders. Shiba Inu Staking Impact May Trigger SHIB Supply Shock and Price Rally Source: Watcher.Guru Massive Token Lockup Reduces Circulation The Shiba Inu staking impact has actually intensified quite dramatically, with investors now staking around 4,646,357,726,944 SHIB tokens according to current data. This represents a substantial portion that stakers are removing from active trading, creating these artificial SHIB supply shock conditions. SHIB supply dashboard showing staking statistics and burn data – Source: Shibburn With about 584,601,573,064,052 SHIB tokens remaining in circulation at the time of writing, the staking mech...

Demand for US Dollar Drops in Global Copper Trade

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Right now, copper trading markets have fundamentally transformed as China and Russia spearheaded various major shifts away from traditional US dollar settlements. These nations have accelerated their adoption of yuan settlements across several key commodity transactions, revolutionizing how this critical industrial metal gets traded worldwide. Through numerous significant de-dollarization initiatives, copper yuan trade has emerged as a strategic battleground, and it’s reshaping multiple essential aspects of international commodity markets. Also Read: De-Dollarization: 9 Global Alliances Abandon US Dollar Yuan Settlements And US Dollar Trends Redefine Global Copper Markets Source: iStock Record Bilateral Trade Catalyzed Currency Revolution China-Russia trade has reached an unprecedented $244.8 billion in 2024, and here’s what makes this transformation remarkable. It seems that various major transactions totaling 95% are now being settled in yuan or rubles rather than dollars....

Is USDT’s surge hinting at a $150,000 Bitcoin price breakout?

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Bitcoin (BTC) continues to consolidate below $100,000, but technical indicators, alongside the asset’s relationship with Tether (USDT), could signal a new record-high path towards the $150,000 mark. Specifically, Analysis by prominent online trading expert TradingShot indicated that a key technical pattern involving USDT dominance and the U.S. Dollar Index (DXY) suggests a major rally could be on the horizon. In a TradingView post on February 19, the expert stated that Bitcoin’s current price action resembles the re-accumulation phases observed during previous bullish legs since the November 2022 bottom.  Picks for you AI predicts Ethereum price for March 1, 2025 20 mins ago XRP whales go on a buying spree; Here are key price ...