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    SHIB, Terra & SOL: 21 February Price Digest

    SHIB, SOL and TERRA Price Digest

    SHIB (Shiba Inu)

    At the time of writing, the price of the SHIB token is $0.00002674. The price increased by 5.57% in the last 24 hours. 

    Presumably, the Shiba Inu team's successful solution to the user safety problem affected the price positively. The token has been seriously affected due to the events of recent days. Several hundred NFT tokens were stolen during the phishing attack on users of the popular NFT marketplace OpenSea. 

    Rumors of the OpenSea code vulnerability first surfaced on Saturday, when several NFT collectors discovered that valuable NFTs and ETH were missing from their wallets. On Sunday, OpenSea officially admitted that a large-scale phishing attack had been carried out on the platform. As a result, hackers stole $1.7 million worth of digital assets. OpenSea's CEO issued a statement saying that the attack "didn't happen on opensea.io" and that their company is working with victims of the hack to find those responsible for the attack.

    On Twitter, the SHIB team assured users they were investigating the scam. The team has asked all token holders to stay tuned for more updates from OpenSea until further notice. Also, as a security measure, the project team recommended that users disconnect NFTs from their wallets. Thanks to the security measures taken, token holders are now relatively safe.

    Another positive news for the Shiba Inu token is that Binance Custody is now fully supporting the token, starting February 20th.

    Besides that, on February 21st, an Ethereum whale, holding over $100 million worth of Shiba Inu tokens, purchased an additional 47 billion SHIB.

    SOL (Solana) 

    At the time of writing, the SOL token is trending at $91.42. The price of the asset increased by 2.78% in the last 24 hours. 

    The price growth factor could be the activity of the Solana Foundation, which is planning to hold several events around the world aimed at supporting the development of the Solana developer ecosystem.

    Solana growth by 2.78% in the last 24 hours

    TERRA (LUNA)

    Among the ten largest cryptocurrencies, Terra (LUNA) climbed 2.48% over the last 24 hours to $50.35.

    The key factor in the price growth could be the correlation between the price of altcoins and the price of Bitcoin. During the weekend, the crypto market was experiencing a bearish trend due to geopolitical fears in the world. BTC dropped below the $40k barrier, breaking through the 100 hourly moving average. 

    However, on Monday morning, the leading cryptocurrency experienced a positive correction. At the time of writing, the asset price is $38,889.46 – a 1.52% increase over the last day. Following Bitcoin, altcoins, which have suffered as much as Bitcoin did in recent days, are showing signs of recovery.

    The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research. This text is not a guide to action. The author's opinion may not coincide with the opinion of CoinJoy.

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