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Shiba Inu (SHIB), the second-largest memecoin by market capitalisation, has recently experienced a significant price decline, breaking the ascending trendline that had supported its price action since the 5 August crash. This breach suggests a potential further drop towards its Q1 2024 low of $0.00000837, raising concerns among cryptocurrency investors and traders. Technical indicators reinforce…
Ben Zhou, the CEO of Bybit, recently criticised Pi Network, describing it as more dangerous than meme coins. Zhou highlighted that, despite being in development for several years, Pi Network has yet to deliver a fully functional product and continues to delay the launch of its mainnet. He also noted that the value of Pi…
What Are Altcoins? Altcoins refer to all cryptocurrencies other than Bitcoin. The term “altcoin” is short for “alternative coin,” emphasising their role as alternatives to the original cryptocurrency. Since the introduction of Bitcoin in 2009, thousands of altcoins have emerged, each offering unique features and use cases. Altcoins operate on blockchain technology, similar to Bitcoin,…