Max E.Thu, Feb 17, 2022 8:25 PM
Cosmos (ATOM) & Shiba Inu (SHIB): 17 February Price Digest
The last two weeks have been quite volatile for Cosmos showing strong bullish momentum in the last couple of days
According to analysts, institutional investors have been actively entering the market for layer-1 products recently. Over the past week, the inflow of investments into Cosmos amounted to $0.6m.
At the time of writing, the price of Cosmos is $29.37, over the past day it has increased by 3.96%.
Shiba Inu (SHIB)
According to the WhaleStats platform, which analyzes whale activity on Ethereum, the largest investors continue to buy SHIBA coins. The 1,000 largest whales have accumulated more than $2 billion worth of Shiba Inu in their wallets. 100 whale wallets control over 25% of the total altcoin market supply. In early February, the two largest addresses acquired 6.11 billion and 1.087 billion tokens. Two more whales bought 28 billion Shiba Inu each.
It seems that experts’ predictions indicating SHIBA’s gains after the token’s losses incurred as a result of the December and January sales are starting to come true.
Over the past 24 hours, several crypto addresses have burned a total of 116,432,319 SHIB tokens. In the next few hours, even more tokens were withdrawn from circulation. SHIB is back in the top 10 most bought cryptocurrencies.
At the time of writing, the price of SHIB is $0.00003043, it has increased by 0.27% per day.