DeFI News by Thebittimes.Com

The global economy remains stagnated, and so has Bitcoin’s price. Rising inflation, the energy crisis, company liquidations, unemployment fears, and a host of other factors have together hampered macro growth. Insufficient demand and the not-so-optimistic community sentiment, on the other hand, have kept the largest crypto price suppressed. Nevertheless, things seem to be gradually shaping up for Bitcoin. The number of Bitcoin addresses HODLing 10,000 to 100,000 BTC and addresses HODLing 10 to 100 BTC have reached their highest amount of respective addresses since last year’s February. Per the on -chain metrics and Analysis platform Santiment, “As the number of addresses on a network rise, the utility should follow suit. “ Source: Santiment A new ATH clinched by Bitcoin Interestingly, the largest crypto just created a new all-time high. Bitcoin’s small to mid-sized addresses [HODLing 0.1 to 10 BTC] currently possess the highest number of coi...

Few crypto assets have the potential to become well-known brands. Shiba Inu was one such meme coin that managed to do the impossible. With 43 million more views than Bitcoin in 2021, Shiba Inu was the most well-liked cryptocurrency. Since 2021, this altcoin has arguably made the most noise, rising to the top of the cryptocurrency pack. Shiba Inu’s market cap at one point was at par with Dogecoin [DOGE]. But of late, the cryptocurrency has slipped even further behind DOGE. SHIB, which has a market cap of $5.9 billion, is ranked 13th among all digital currencies, according to tracking from Coingecko. At press time, it was trading at $0.00001034, having lost 4.94 percent of its value over the previous week. Given the current state of affairs, one may assume that investors would steer clear of cryptocurrencies. However, in an unexpected turn of events, Shiba Inu welcomed a sizable number of new holders this year despite the bear market.  This development completely cau...