{"id":10527,"date":"2022-08-15T21:31:00","date_gmt":"2022-08-15T18:31:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=10527"},"modified":"2024-02-19T21:50:32","modified_gmt":"2024-02-19T18:50:32","slug":"bitcoin-doggy-coins-go-up-acala-stablecoin-crashes","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/el\/2022\/08\/15\/bitcoin-doggy-coins-go-up-acala-stablecoin-crashes\/","title":{"rendered":"Bitcoin and doggy coins go up, while the Acala stablecoin crashes"},"content":{"rendered":"

After a long bearish period, Bitcoin (BTC) seems to be regaining momentum. The currency has increased by over 5% in the last week, touching briefly the $25,000 mark. During the same period, Dogecoin (DOGE) and Shiba Inu (SHIB) gained around 14% and 40%, <\/strong>respectively [CMC]. Aside from Bitcoin and these doggy coins, the Polkadot stablecoin Acala Dollar (AUSD) crashed by 99%.<\/p>\n\n\n\n

There is some good and bad news. According to the Crypto Fear & Greed Index, the community is still in Fear, but bordering Neutral. For \u03bc\u03b5\u03c1\u03b9\u03ba\u03bf\u03af \u03b5\u03b9\u03b4\u03b9\u03ba\u03bf\u03af<\/a>, the Bitcoin price improvement could have something to do with the US inflation finally slowing down. In this context, long-term and short-term holders are resisting and buying more, as Glassnode<\/a> discovered:<\/p>\n\n\n\n

\u201cLTH [Long-Term Holders] supply remains relatively range bound, which indicates more contained spending by a sub-set, rather than broad loss of confidence. In contrast, Short Term Holders are seeing a divergence between BTC and USD-denominated wealth. This is indicative of a pool of buyers who stepped in at the lows, and now hold some 300k BTC, acquired at a much lower cost basis.\u201d<\/p><\/blockquote>\n\n\n\n

Some analysts are now aiming<\/a> for $27,000 per BTC soon<\/strong>. Meanwhile, \u039d\u03a4\u039f\u0393\u0395<\/a> \u03ba\u03b1\u03b9 SHIB<\/a> seem to be enjoying the market returning to a risk-on attitude. In the case of SHIB, it\u2019s been listed by more exchanges, and the team announced plans to release a new game, dubbed Shiba Eternity.<\/p>\n\n\n\n

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We are proud to reveal the name of the Shib CCG game, Shiba Eternity\u2122!

We are working alongside @PlaysideStudios<\/a> on a testing schedule and exciting release!

The game will be available in both the Apple App Store and Google Play Store.

Game on #ShibArmy<\/a> \u03bc\u03b5 #ShibaEternity<\/a>! pic.twitter.com\/iJnyMUVZWb<\/a><\/p>— Shib (@Shibtoken) August 2, 2022<\/a><\/blockquote>