qfx Yet, just as one might expect a whirlwind of howls and frenzied trades, the derivatives market for Shiba has fallen into a rare and deafening hush-like Woland’s own cats taking a coffee break. This eerie silence, presented with all the solemnity of a midnight séance by the data sages of Coinglass, reveals a spectacle so peculiar it might have made even Azazello raise an eyebrow.
The on-chain numbers told a story too: some altcoins, those small-timers with market caps under $200 million, were seeing their exchange reserves shrink like a farmer’s patience in a dry year. That, my friends, is the old signal for folks quietly piling in.
Not to be outdone, the coin has recently bounced from the $0.75 support zone, a humble peasant’s cottage in the grand castle of crypto. Here, Fibonacci retracements and volume confluence have conspired to spark a short squeeze so fierce, it could make a bear weep into his honeyed mead. Analysts, clutching their crystal balls, predict a price surge toward $1.40, and perhaps even $1.80, as if the coin were a rocket fueled by greed and caffeine. 🚀
The company took to the podium to announce that they had repurchased these shares at the laughably low price of $8.32 each-well beneath the treasury’s asset value of $12.18. Classic move. Just weeks before, they revealed a hefty $713 million reserve of Toncoin (TON) tokens, flaunting their confidence in the TON ecosystem. That’s right, this is not just about stocks; it’s about faith. Who needs actual results when you have faith, right?
One cannot overstate the charm of the cup-and-handle pattern-it’s the financial equivalent of Jeeves polishing Bertie’s cufflinks before the big date. Cardano sits delicately between $0.88 and $0.89, catching its breath after a spirited climb, like a chap about to sprint to the buffet table.
Hines, who joined Tether as an advisor in mid-August, now finds himself at the helm of the USAT project as CEO of Tether USAT, according to a Sept. 12 press release. He’s putting his spin on this thing by saying the coin’s purpose is to “create a U.S.-regulated dollar-backed stablecoin designed to strengthen America’s role in the global economy.” That’s right, folks, they’re doing this for the good ol’ USA. 🇺🇸
Our dear Pudgy Penguins [PENGU] has certainly kept us entertained with its market rhythm-always rallying up, only to be followed by sharp corrections that make everyone wonder if it’s all worth it. But of course, like clockwork, it recovers. How quaint!
With the token loitering near the psychological precipice of $0.0001-a number so minuscule it could hide behind a decimal point and never be found-our intrepid analysts predict a “sustained rally.” 🏇 Oh, the audacity of hope! As if the crypto gods would deign to grant such a favor without a twist of irony or a dash of chaos. 🌀
Bullish volume? Check. Record reserves? Double-check. The LINK reserves have ballooned past 280,000, which is basically the crypto equivalent of a standing ovation. 👏 If this doesn’t scream “we’re going places,” I don’t know what does. The only question now is: will it hit $29? Spoiler alert: probably. But hey, this is crypto-expect the unexpected, like a sudden dip because someone’s hamster unplugged the server. 🐹
In the hallowed halls of X (formerly Twitter, lest we forget), Bloomberg’s own Eric Balchunas proclaimed that the meme coin ETF era is upon us, as REX-Osprey’s Dogecoin ETF (DOJE) prepares to launch under the 40 Act. 🌭 “The first U.S. ETF to hold something with no utility on purpose,” he quipped, a statement as bold as it is bewildering. And lo, there are more of these filings under the 33 Act, awaiting the SEC’s divine approval. The circus is just getting started, folks! 🎪
