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Tales of average investors turning millionaires in a short period with minimal investments are aplenty in the crypto markets. While some lucky ones made millions within a year, others wait a lifetime to attain wealth but still fail in their mission. One such lucky investor made $6.9 million in less than 8 months after investing a mere $17 in Shiba Inu. There’s magic in numbers and numbers are magical in the world of cryptocurrencies. The lucky individual could have been you too if you had invested in SHIB during its inception. Also Read: How Many ‘Zeroes’ Shiba Inu Deleted From November 2021 to 2022? Shiba Inu was trading at $0.000000000076 (10 zeroes) in October 2020 and a wallet with just $17 invested in SHIB. The wallet had purchased more than 223 billion SHIB tokens for only $17 in October 2020. In what could be seen as a ‘namesake’ investment, the $17 ballooned to become $6.9 million in May 2021. SHIB reached $0.00000928 (5 zeroes) in May 2021 after p...

Join Our Telegram channel to stay up to date on breaking news coverage Following the spikes seen in the majority of cryptocurrency markets , a significant number of them experienced a sudden drop in volume. Buyers had hoped for a more bullish performance, but the crypto market decided to revert. Doge and KLAY appeared to have strong momentum movement in a market with room for strong liquidity flow. Ethereum Classic, Holo, and Shiba Inu were not left out as their shares fell as a result of the market’s short liquidity movement. The sellers’ determination to halt buying activity is the most common feature of all these crypto markets. Doge (DOGE/USD) Following the bullish rage, there appears to be a selling atmosphere attached currently as Doge is currently being pulled back from the $0.12800 key zone. A long period of liquidity implies that the buyers had a massive deployment as a pullback is currently in view. The Stochastic RSI (Relative Strength Index) is qu...

The crypto markets saw surprise volatility on Thursday and Friday despite the US Consumer Price Index coming in worse than expected. While CPI data saw an immediate sell-off after coming in at 8.2%, traders and investors took advantage of the dip and then continued to buy. The overall crypto market cap has gained more than 5% in the last 24hrs while a number of large market cap coins also made impressive gains. Market leader Bitcoin (BTC) was a prime example of how the market suddenly sparked into life. After the CPI announcement, there was an immediate sell-off, with Bitcoin dropping from $19k to a 24hr low of $18,319.82.  But within 12hrs, BTC had jumped back up to $19,835.17 – an 8.2% gain on the low &ndash ; with volume surging by 76% on the previous day. A price retraction has since followed, but Bitcoin is now trading at $19,640.67, nearly 5% up in 24hrs. Bitcoin Price Prediction: Short-Term Gain, Medium-Term Pain? As CryptoNews analyzed in further d...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Hedera crypto has pumped over 9% despite the bearish sentiment in the blockchain markets bringing the price back above $0.062. Inspecting the price charts up close, we can also see a potential bearish reversal pattern known as a rising wedge forming.  Will HBAR continue to pump or will a bearish reversal take place?  Hedera (HBAR) Crypto Price Prediction  Over the last few weeks the price action of Hedera has been rather volatile, seeing lows of $0.055 and highs of up to $0.084.  From a technical analysis perspective HBAR crypto is still in a major downtrend, but recent price action shows that HBAR could be setting up to do something quite bullish if price structure is not lost.  Hedera is currently forming a bearish reversal pattern on the smaller time frames however, so we could see a short-term...