As usual around lunchtime, we look at the live Bitcoin price and the current prices of the top 25 crypto. In addition, we look at possible price increases for Cardano (ADA) and Shiba Inu (SHIB). Finally, we share an NFT alert for investors working with OpenSea.
Also today, we start with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto drop
At the time of writing, the live Bitcoin price is quoting EUR 32,690.59 ($36,450). This is 0.70% lower than during our crypto update yesterday.
The prices of most crypto from the top 25 are also falling. The biggest riser is the Wrapped Bitcoin (WBTC) with + 3.60%. The biggest faller is Terra (LUNA), which is down 18.99% in 24 hours. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day, including the whole weekend.
So we see that, as we looked at last night, the expiration of Bitcoin (and crypto) options has been mostly a party for the bears. After this event, there was again plenty of news to collect. We provide an update on a possible price increase for Cardano (ADA) and Shiba Inu (SHIB).
Bull signals for Cardano (ADA)
For Cardano, despite the fact that the currency lost 18.65% this week, we see bullish signals. Indeed, analyses show that currently 71% of owners are holding the currency for the longer term. It also appears that only about 15% of Cardano (ADA) owners are currently making a profit. Of course, that doesn’t sound very bullish. Therefore it is all the more striking that the large holders of Cardano (ADA) are buying the currency en masse. This, of course, with the idea that they will benefit from future price increases and that, especially given the on-chain metrics, is a bullish signal.
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#Cardano’s price, like many #altcoins, have plummeted in the past 10 days, dropping -34%. However, large addresses holding between 10k and 1M $ADA, own 113% more in their collective bags since the drop on January 17th, accumulating $53.6M in tokens. https://t.co/9V50jyrBlX pic.twitter.com/tQdwa7ym38
– Santiment (@santimentfeed) January 28, 2022
In addition, with Charles Hoskinson the currency has a founder who, despite his controversial personality is a man with vision, so the future expectation is great. He gets a lot of attention for his comments on the crypto policies of the US government. You can listen to and watch his harsh criticism below.
Yet we do not see this positivity reflected in the price of the currency. The current Cardano (ADA) price is $ 1.019 and this is 3.13% lower than yesterday.
Is the Shiba Inu (SHIB) crypto team hinting at price appreciation?
Of course, when the stock price turns bearish, as was the case with Shiba Inu (SHIB) which lost 21.12% in the past week, as a development team you can try to create a positive sentiment yourself. The team at Shiba Inu (SHIB) did this this morning by hinting at “big news” in a cryptic Tweet.
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Something is cooking…
Will you be ready? pic.twitter.com/szaxj7hgPY
– Shib (@Shibtoken) January 27, 2022
The thoughts among the SHIB community is that they are going to announce a major collaboration. The big question then, of course, is with whom. The teaser does not give a direct answer. However, we do see a number of hints in the tweet. We regularly see the word “cooking” pass by and a cutlery icon. You also see a number of televisions. It could therefore be an idea that it will soon be possible to pay with Shib at a large meal delivery company, but that remains guesswork for the time being. Still, the market is not yet impressed by the teaser. The current Shiba Inu (SHIB) price is $0.00002058 and this is 1.48% lower than yesterday.
OpenSea under fire due to NFT listing problem
OpenSea is a large marketplace where you can buy and sell NFTs. Yesterday they emailed their customers that there are many inactive listings. By this they mean that NFTs have been offered for a long time and the listings have never been taken down. The idea is that many people sell the NFT and forget to remove the listing. However, based on the terms, one could be required to still sell the NFT as soon as someone finds the listing and wants to make a transaction.
That sounds good, but in practice this works out completely wrong. By cancelling the transaction for the listing, the order is actually reactivated. This attracts bargain hunters and of course disappointed investors who now see exactly what was not intended happening. For example, one collector lost at least 9 ETH because an observant hijacker on the coast completed the transaction when his order became active again. OpenSea says they are working on the problem, but would not (yet) indicate whether they will compensate the losses of those affected.
Some tips and tricks are being shared by users to avoid problems, but it seems best to wait and see.
Want to stay up to date on the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly price forecast might be a reading tip.
Note: We never give financial advice, so you can’t interpret our contributions that way either. Always do your own research and decide rationally if, when, what and how much you want to invest in.