Summary of the ShibaLauncher Article:
- ShibaLauncher has announced its groundbreaking technology to revolutionize early stage token sale participation on Shibarium Network.
- This technology is designed to ensure that investors participate only in credible IDO launches and project developers can raise funds in a decentralized and secure manner.
- Investors can participate in the $Shila Token Pre-Sale with a minimum of 10 million $SHIB and gain exclusive access to the platform’s features before they become available to the wider public.
ShibaLauncher Technology Revolutionizes Early Stage Token Sales
ShibaLauncher has announced its revolutionary technology which will revolutionize early stage token sale participation on Shibarium Network. This technology is designed to make sure that investors partake only in credible IDO launches and project developers can raise funds in a decentralized and secured manner. With its community-driven IDO Launchpad, ShibaLauncher is taking steps towards becoming a leader in the Shibarium network.
$Shila Token Pre-Sale
Investors have an exciting opportunity to participate in the $Shila Token Pre-Sale with a minimum of 10 million $SHIB and become holders of Shibalauncher ecosystem’s native token. By participating in this pre-sale, investors gain exclusive access to many features like farming pools, asset bridge protocol, staking, governance for $shila token holders etc., before these become available to general public.
Empowering Digital Economy within Shibarium Network
The ShibaLauncher ecosystem aims at empowering digital economy within Shibarium network by providing equal access opportunities for everyone. It enables users to turn their ideas into reality and launch their projects with ease through various features like guaranteed allocation for $shila holders to join credible IDOs on Shibarium, token creation etc.
Benefits of Participating in Pre-sale
By participating in pre-sale of utility & governance token $shila, investors not only get exclusive access but also potential passive income through staking or other means as it has quickly gained loyal following among users.
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Do not miss out on this great opportunity! Join now & become an early adopter by investing minimum amount of 10 million SHIBs & get exclusive access before it becomes available for all!
• Interest in Liquid staking derivatives has declined
• Lido protocol’s TVL managed to grow from 8.069 billion to 10.09 billion
• Price of the LDO token has risen by 18.55%
Decline In Interest In Liquid Staking Derivatives
The overall amount of ETH staked through liquid staking derivatives has recently declined from 304,684 to 65,664 according to Dune Analytics‘ data. This decline in activity could be seen as an opportunity for bears to bet against LDO and take short positions against the token.
Lido Protocol’s TVL Growth
Despite the declining interest in Liquid staking, Lido’s TVL managed to grow from 8.069 billion to 10.09 billion on the charts due to the appreciating price of ETH also had a role to play in the TVL’s spike. However, Lido’s dominance in the liquid staking derivates sector fell as other competitors such as Coinbase and Kraken enjoyed a high share too and captured 17.7% and 7% of the market respectively.
Fall In Network Growth & Velocity
Due to volatility caused by USDC saga, overall reserves of the Lido protocol also fell including both ETH and stETH while daily active users on network depreciated by 10% over past week causing total earnings of protocol dropped by 11%. This suggests that despite low activity & lack of interest from new users, price of LDO hiked significantly rising 18.55%.
LDO Market Cap In BTC Terms
Realistic or not, here’s is what market cap for LDO looked like written in terms of BTC according Santiment data which shows a promising picture for future performance if investors are able hold onto tokens through volatility & ride out bearish trend .
Pessimistic Outlook Despite Spike In Prices
Metrics projected a pessimistic outlook for larger staked ETH market reflecting regulatory concerns which may impact positive performance seen over past week by Lido despite rise in its TVL & prices suggesting that although there have been positive developments surrounding project but uncertainty still looms large within sector .
• Bitcoin traders remain unperturbed by the drop in BTC’s price below $22,000.
• CryptoQuant’s Bull/Bear Market Cycle Indicator is currently in the bullish domain, and traders are keen on opening long positions despite bearish exposure.
• Whale spending has been low compared to previous cycles and the funding rate indicates that long-positioned traders are dominant in the derivatives market.
Bitcoin Traders Unfazed by Price Drop
Despite Bitcoin’s (BTC) decline below $22,000, crypto traders have remained unfazed as they continue to take a long position with optimism for a bull trend triggered by whales‘ action. According to community-driven analytics platform CryptoQuant, their bullish sentiment could be attributed to their Bull/Bear Market Cycle Indicator which is now in the bullish domain.
Funding Rates Point Towards Long Positions
The evidence of this positive outlook is found in the funding rates which indicate that long-positioned traders are dominant in the derivatives market. At press time, the Bitcoin funding rate was 0.0018 – a positive metric implying that longs had been willing to pay shorts for their positions. Additionally, whale spending has been low compared to previous cycles which could help resist further downside pressure.
Miners and Short Term Holders Pose Selling Pressure
Although optimistic sentiment prevails among traders, CryptoQuant warns against knee-jerk reactions due to excessive selling pressure from miners and Short Term Holders (STH). Earlier this month miners transferred huge amounts of BTC onto exchanges which caused an additional wave of selling pressure apart from what was already present due to bearish trends.
Taking Profits Could Be More Profitable than Holding On
Due to these factors, CryptoQuant advises caution when making decisions regarding entering or exiting trades as taking profits could be more profitable than holding onto them for too long. This can be beneficial for both short term holders looking for quick gains as well as longer term investors who want to make wise investments over time.
Overall, Bitcoin [BTC] traders seem unperturbed about the king coin’s drop below $22,000 despite bearish exposure remaining high in the market and sell pressure coming from miners and short term holders alike . However, it would still be wise for investors to exercise restraint when making any decisions related to trading so that they can take advantage of any potential opportunities presented by fluctuations in price while avoiding any potential losses at the same time.
Decentraland’s Metaverse Fashion Week 2.0
- Decentraland is hosting the Metaverse Fashion Week which is a global event and is one of the few events this year exploring synergy opportunities from the metaverse and traditional industries.
- The network has Adidas, one of the largest global brands involved in the partnership through Forbes.
- MANA peaked at $0.84 on 2 February which marked its 2023 peak so far, representing a 22% drop to its $0.64 press time price.
Decentraland just concluded an interesting first two months of the year which was characterized by some recovery. Demand for metaverse projects bounced back slightly, but can it sustain the same trajectory in March? Decentraland is hosting the Metaverse Fashion Week which will be a global event as well as exploring synergy opportunities from the metaverse and traditional industries. The network has Adidas, one of the largest global brands involved in the partnership through Forbes. MANA peaked at $0.84 on 2 February which marked its 2023 peak so far, representing a 22% drop to its $0.64 press time price. On-chain data reveals that whales have been accumulating MANA despite its decline in market cap value in BTC terms.
Metaverse Fashion Week
Metaverse Fashion Week 2.0 will feature exclusive 3D twin pieces to wear in-world for #MVFW23 that are made possible via Linked Wearables technology and Virtual Gear NFT holders will receive them as exclusive rewards for their participation in this event hosted by Decentraland’s network . This means that Decentraland is off to a strong start this month with robust participation expected from industry players such as Adidas due to this collaboration between Decentraland and mainstream companies such as Forbes.
Despite strong whale accumulation during February’s second half, MANA experienced some decline compared to other crypto assets on WEB3 segment list where it ranks second after The Sandbox with a $1.21 billion market cap . The latest RSI values show bears dominating prices while Golden Cross towards last week might bring some support before any bullish trend may take place again while demand remains uncertain in March’s trajectory yet to be seen if sustained or not with upcoming events like fashion week 2.0 being key factors for further development regarding prices around Decentraland’s platform and token itself..
Whale activity has been observed following MANA prices recently indicated by ON-chain analysis according Messari Screener platform allowing users to explore more details about current asset performance along with real insights regarding how it may evolve over time whilst identifying key indicators related to further developments about specific crypto/token performance either positively or negatively depending on certain factors including news reports , technical analysis , fundamentals , sentiment & more .
Conclusion h2 >
Overall , although there hasn’t been much bullish action lately within crypto markets especially when considering smaller market caps like Decentalands own asset namely MANA token ; still there appears potential upside possibilities & developments awaiting ahead when taking into account recent collaborations involving big industry players such as @adidas along with upcoming events like MVFW23 potentially bringing stronger attention towards decentralized projects powered by blockchain technologies .