U.Today presents the top five news from the past day.
Shiba Inu chain signals turn bullish
What Christmas present do all Shiba Inu carriers dream of? The chain signals of the same room become bullish, of cours. And SHIB did not disappoint its enthusiasts; In addition to the set of measures moving into the positive zone yesterday the asset also approached a key barrier at $ 0.000040. Overall, Shiba Inu saw an almost 19% increase in active addresses over seven days.
Right now, Shiba Inu is changing hands at $ 0.00003672. If SHIB breaks the $ 0.000040 mark, it could head for a 43% increase to $ 0.000055.
ADA price approaches critical threshold
Cardano Foundation recently used Twitter to share his “greatest achievements of 2021” with the community. During the year, the Cardano Foundation partnered with 13 major organizations, including the COTI network, Eco-age, Save the Children and many others.
Meanwhile, the ADA token has seen an impressive seven-day rise since December 21, rallying nearly 30% to hit highs of $ 1.594 yesterday. Its price has risen for seven consecutive days and is still overbought with the Relative Strength Index (RSI) rising. Short-term action is expected to remain higher while breaking above the midline of the RSI of 50. Overall, ADA may continue to maintain its bullish momentum through 2022.
Dog coin soars 4,000% because of Elon Musk’s tweet
Elon Musk continues to send doggy coins to the Moon with his tweets. Yesterday, a photo of her puppy wearing a Christmas costume jumped 3,944% in Santa Floki (HOHOHO), a BEP20 token launched on Binance Smart Chain. Coincidence or not, Elon Musk added a caption “Floki Santa” to his photo, which is quite similar to the name of the token.
Santa Floki was created by developer Parabolic8 and aims to ride on Floki’s tails.
$ 3.2 million worth of ETH stolen via MetaDAO DeFi rugpull protocol
Yesterday, PeckShield security company detected two rugpull scams, which cost users a total of $ 3.8 million. The first, MetaDAO rugpull, stole 800 ETH. For everyone’s safety, the address has already been marked as the “Metadao” rugpull address. The second scam, MetaSwap rugpull, stole 1,100 BNB and then transferred them to the Tornadocash coin mixer, allegedly to “cover the tracks”.
The fate of the stolen funds remains unknown, but they will most likely be declared lost.
240 million SHIBs destroyed at Christmas
According to More entertainment announcement, during the recent “burn party” which took place last Sunday, they burned nearly 240 million SHIBs by sending them to a zero address. The company destroyed the Shiba Inu tokens during the process streaming on YouTube. Overall, since October, Steven Cooper, the founder of Bigger Entertainment, has burned 880,983,100 SHIB tokens, which equates to $ 33,741.60.
Previously, Cooper had said the burn rate of SHIB would double over the next 60 days.