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An Ethereum ICO participant has transferred 10,000 ETH to Kraken after being inactive for two years. Meanwhile, Shibarium fees surged by 2,024% as IntelMarkets raises $450K.
Recent reports indicate that an Ethereum ICO participant has moved 10,000 ETH to the Kraken exchange after two years of inactivity.
In related news, Shibarium transaction fees have skyrocketed by 2,024% in the past 24 hours due to a surge in transaction volume. At the same time, IntelMarkets has emerged as the leading presale, achieving over $450,000 in raised funds as investor interest grows.
Ethereum wallets spring back to life after two years
As per data from Etherscan, one of the largest Ethereum wallets has reactivated after two years. The wallet sent out 10,000 ETH to the Crypto Exchange Kraken, with the transaction valued at $24.37 million, averaging $2,437 per ETH.
Following the sale, the wallet retains 9,298 ETH, equating to approximately $22.63 million. Additionally, Ethereum’s price continues to fluctuate within the range of $2,200 to $2,800, according to CoinMarketCap, particularly in light of substantial selling actions from the Ethereum Foundation and co-founder Vitalik Buterin.
This sell-off resulted in Ethereum’s price dipping below the 50-day SMA at $2,584.80. Fortunately, the Ethereum token is gaining traction and might soon surpass the 50-Day SMA, potentially reaching $2,800 in the coming weeks.
Shiba Inu Shibarium metrics soar
Transaction fees on Shibarium, the layer-2 blockchain supporting the Shiba Inu ecosystem, have dramatically increased over the last day. Data from Shibariumscan reveals that the total BONE used for gas fees has surged from 15.67 to 317 tokens, reflecting a staggering rise of 2,024%.
This surge is coupled with a 70% increase in total transactions within one day, jumping from 4,537 to 7,715. Moreover, the number of active accounts on Shibarium increased by 157.14%, from 42 to 108.
While this highlights growing investor interest in the Shiba Inu coin, it has also raised concerns about the high transaction fees tied to Shibarium. In the meantime, the Shiba Inu coin has witnessed growth on both monthly and weekly timeframes.
The market cap for this memecoin is currently fluctuating between $7 billion and $9.5 billion. Analysts suggest that it could surpass the 200-day SMA ($0.00001885), now that it has moved beyond the 50-day SMA ($0.00001394).
IntelMarkets presale gains momentum as more investors hop on board
IntelMarkets (INTL) has been identified by analysts as the standout ICO of the year, given its impressive performance thus far. It has advanced to stage two in under two months, raising over $450k in capital. This heightened interest is attributed to an upcoming AI-powered crypto trading platform that the project is currently developing.
IntelMarkets is developing a platform where users can leverage algorithmic data and an AI-driven bot for precise trading. What distinguishes this AI bot in the expansive $36.5 billion crypto trading market is its ability to learn independently and adapt to specific trading strategies.
Traders can specify distinct trading patterns for the bot to follow, which allows it to adhere to specific trading tactics or patterns. Additional features of the platform include leverage options up to 1000:1, copy trading capabilities, high liquidity, and comprehensive risk management tools.
Furthermore, IntelMarkets is recognized as one of the most trustworthy trading platforms available. The team has conducted approximately 100,000 penetration tests, which did not breach its Quantum-proof security measures. Additionally, Cyberscope has reviewed the platform’s smart contract to ensure investor safety.
Shiba Inu and Ethereum investors optimistic about IntelMarkets
Even as a nascent DeFi project, IntelMarkets has attracted significant investments from both Shiba Inu and Ethereum investors, contributing to the sellout of the presale’s first phase and remarkable growth in the second phase. Market analysts anticipate a 75% increase for INTL in the forthcoming weeks.
To discover more about Intel Markets, visit the website, Telegram and Twitter.
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