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- Aptos on an all-time high, SHIB is finally reaching for the Moon: top 3 crypto news analysis
Aptos on an all-time high, SHIB is finally reaching for the Moon: top 3 crypto news analysis
APT broke a new record, AXS is +48%, and Shibarium will send SHIB to the moon
Hi there, friend!
As always, it's Vanessa from buidlbee! Here to bring you all the current analysis and news that make investing in crypto easy peasy, lemon squeezy.
Here's the zest of it all (pun intended 😅):
APT has reached an ATH 🚀
Axie is following suit 📈
SHIB is getting a facelift 😎
Aptos broke a price record!
If you read my mail yesterday, you'd know that the Aptos blockchain and its native token, APT, have been doing amazing off late. Well, there's more goodness where that came from because yesterday, the altcoin reached an All-Time-High (ATH) of $18! 🥳
The story of Aptos is quite peculiar. Still a freshman in the crypto industry, Aptos was launched last October, right before FTX plummeted, which in itself, gave the Layer-1 blockchain a rocky start. This in no way has stopped APT's bull run, however. APT started the year valued at $3 and since then, it's gone up 6 times in price. Its market cap has also multiplied by 6, going from ~$500M to $3B. So what's causing the recent boom?
On January 9, the team held an AMA on Twitter where its co-founders Mo Shaikh and Avery Ching hosted and answered multiple questions. This gave APT its first price pump.
Aptos NFTs have also been blowing up on its marketplace Topaz.
On January 12, $4.54M APT tokens were unlocked, growing the price by over 68%.
On January 20, Binance hopped on board, announcing two new liquidity pools, APT/BTC and APT/USDT, which raised the price by another 56%.
The most recent growth wave happened two days ago, on January 25, when 36.46% of the trading volume (~$904,174,933) was made by the South Korean won pair on UpBit.
With a clear and solid roadmap, high demand, and an upcoming token unlock scheduled for February 12, nothing can hold APT back! 🔥 Experts at Coinpedia believe APT could reach $25.47 by the end of this year, while traders of 001k.Trade think it's an asset worth holding on to. How about you, friend? What do you think about APT's recent surge? Leave a comment here to let me know.
AXS token went up by 48%
The once-loved and formidable Axie Infinity game struggled last year amidst the general fall of the market. Player numbers have been dwindling, and the native token, AXS, has been hanging by a thin thread. Things seem to be taking a turn for the better, however, as AXS has been on an upward trajectory since last month, going up by 48% in the two weeks.
There were also some recent updates to the ecosystem that could have prompted such growth.
The alpha version of the highly-anticipated land-based experience of the game — Homeland — was released on December 28, made available only to landowners for developers to test new features.
On January 30, $63M AXS tokens will be unlocked.
4/
Homeland is at an early stage of development and there are years of building ahead of us.
This first release is focused on gathering feedback and exploration.
— Axie Infinity | #AxieOrigins, #AxieHomeland (@AxieInfinity)
8:11 AM • Dec 28, 2022
So, friend, there should be a lot more to expect with Axie Infinity and the AXS token. The community's roadmap is very clear and transparent and investors have a lot of hope for the future of Homeland. The token unlock could lead to a massive sell-off, but only time will tell. Until then, trust me to keep you in the loop with recent updates and invest at your own risk 😉
With the Shibarium update, SHIB can outperform BTC
There has been so much hype in the Shib Army concerning the upcoming launch of the Layer-2 blockchain scaling solution — Shibarium. What's all the hubbub about, and how will this positively affect SHIB? Let's talk about it...
The Shiba Inu chain is currently built on Ethereum, housing tokens like SHIB, LEASH, and BONE. Shibarium is being built as a Layer-2 solution [a secondary structure added above another blockchain to improve scalability and increase transaction speed] with the following goals:
Speeding up transactions with simultaneous processing.
Reduced to zero transaction fees for members of the ecosystem.
Simplifying the Shiba Inu Game through faster transactions.
A basis for developing decentralized applications (DApps).
Integrating ShibaSwap (who currently houses BONE governance token) into the platform to give users efficient access to all betting pools and liquidity.
The launch of a new token — TREAT — to reduce network fees and as a reward.
The launch of Shibarium may sky-rocket SHIB's current price of $0.00001158, BONE's current price of $1.36, and LEASH's current price of $375. Furthermore, the mechanism of Shibarium is supposed to burn a certain amount of tokens with each transaction which should boost its value. For more in-depth analysis and a possible launch date, check out our recent article where we discuss this and why SHIB could outperform BTC.
A cup of crypto news a day keeps the bears away, and I just gave you a large cup of the tastiest crypto tea! Enjoy the rest of your weekend, friend. I'll chat with you on Monday with more tips that help you make it with crypto 🚀 so make sure you keep an eye out for my mail 😏
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