SHIB Holders Rose By 30% In A Single Month
According to CoinMarketCap, the total number of Shiba Inu owners increased 31.1 percent from 706,808 to 926,684 from October 10 to November 8 in 2021. In the same time frame, SHIB’s price has grown by almost 111 percent. SHIB holders rose by 30% in a single month.
The increasing amount of SHIB holders is a sign of the escalating fame of the currency as SHIB continues to rise in value and draw prominent investors. It is worth noting that holders are potential retail investors that want to gain from the cryptocurrency.
Civic launches free tool to combat NFT-hungry bots on Solana
Civic’s Ignite Pass aims to combat bots targeting NFT drops on the Solana network by verifying video-based selfies using artificial intelligence.
Identity verification tech firm Civic Technologies has launched a free tool to combat botting activity in Solana (SOL)-based NFT drops.
According to a Nov. 8 announcement, Civic’s new tool “Ignite Pass” will filter out bots by requiring buyers to complete a liveness verification before being approved to make NFT purchases.
Civic’s website notes that users will be required to take a video selfie in order to verify, with an Ignite Pass then being issued to their wallet address upon completion. The pass also remains active for 24 hours to “limit the options of malicious botters verifying multiple wallets. ”
Boost DeFi App Launching in November
Developers of the decentralized platform, Boost, are bringing the latest financial tools to the palm of your hand with the new app Boost DeFi. Boost DeFi is currently available to download for iOS and Android users with an official launch in mid-November. For now, users can utilize Boost’s exchange, BoostSwap, which is embedded directly into the app and free limit orders.
Boost has been making quite a buzz within the crypto space lately. Their native token, Boost Coin is soaring high with now over 8,000 holders and BoostSwap has a reputation for being the smoothest user-friendly exchange on the market. Now with the launch of Boost DeFi in the near future, analysts are projecting that Boost Coin will skyrocket to $5-10 upon release. Boost holders and supporters have been waiting anxiously for the app to launch; within the first 24 hours of Boost DeFi becoming available, it was downloaded over 11k times.
Crypto Mining Stocks Rally After Bitcoin Surges Near Record, Ether Hits All-Time High
The stocks of crypto mining companies, which are heavily exposed to the prices of the cryptocurrencies they mine, surged on Monday after the price of bitcoin approached record highs and ether, the native token for Ethereum, hit an all-time high.
Among the crypto miners, Marathon Digital led the surge on Monday, with the stock soaring almost 20%, while peer Riot Blockchain climbed 17%.
Other miners such as Bit Digital, Bitfarms, Hive Blockchain, Hut 8, Cleanspark; Sphere 3D, and Greenidge Generation each rose more than 10%. Meanwhile, Stronghold, Argo, and Cipher’s shares were each up more than 5%.
The share prices of miners are most leveraged to the price of cryptocurrencies; since their main source of revenue comes from mining the coins and holding them on their balance sheets.
With bitcoin prices climbing above $60,000, miners big and small continue to make profits; leading to a surge in capital flowing into the sector and more companies delving into mining.
“With current BTC mining margins north of 90%; capital is aggressively flowing into the sector; which we expect to make BTC mining more institutionalized,” said BTIG analyst Gregory Lewis in a research note.
Ethereum hits new all-time high, bitcoin inches toward record as cryptocurrencies rally
Ether, the world’s second-largest digital coin; surged more than 4% in 24 hours Monday to hit a new all-time high above $4,700. The token was the last trading at a price of $4,740, according to Coin Metrics data.
Ether is the cryptocurrency of the Ethereum blockchain. In the crypto market, the terms ether and ethereum are often interchangeable when referring to the currency.
Bitcoin, meanwhile, climbed 7% to a price of $66,250; inching back toward a record high above $66,900 set in late October.
The reason for the move wasn’t clear. Cryptocurrencies are known for their volatile price swings, with moves of up to 20% higher or lower relatively common.