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Ethereum ICO Participant Sends 10,000 ETH to Kraken After Two Years. Shibarium Fees Spike 2,024% as IntelMarkets Raises $450,000.
According to the latest news, an Ethereum ICO participant has just sent 10,000 ETH to the Kraken exchange. This transfer comes after the participant was inactive for more than two years.
In other news, Shibarium’s transaction fees have increased by 2,024% over the past day due to an increased number of transactions. Meanwhile, IntelMarkets is the top-performing presale, with over $450,000 in funds raised from investors jumping in.
Ethereum wallets come back to life after two years
According to data available on Etherscan, one of the largest Ethereum wallets has become active after two years of inactivity. The wallet became active and sent 10,000 ETH to the Kraken cryptocurrency exchange. The whale traded Ethereum for $24.37 million at an average of $2,437.
With these sales, the wallet currently holds 9,298 ETH ($22.63 million). Meanwhile, the price of Ethereum continues to trade in a tight range of $2,200 to $2,800, according to CoinMarketCap. This follows significant selling activity from the Ethereum Foundation and Ethereum co-founder Vitaliy Buterin.
The massive selloff has pushed the value of the Ethereum cryptocurrency below the 50-day moving average at $2,584.80. Fortunately, the price of the Ethereum token is gaining momentum and could soon cross the 50-day moving average. If this happens, the price of the altcoin could reach $2,800 in the coming weeks.
Shiba Inu Shibarium Statistics Are Soaring
Transaction fees on Shibarium, the layer-2 blockchain of the Shiba Inu ecosystem, have skyrocketed over the past day. Data from Shibariumscan shows that the total amount of BONE used in gas fees has increased from 15.67 to 317 tokens, a massive increase of 2,024%.
The increase comes as the total number of transactions also increased by 70% in one day, from 4,537 to 7,715. Shibarium’s network of active accounts also expanded by 157.14%, from 42 to 108.
While this shows that the Shiba Inu currency is gaining increased interest from investors, it has also raised concerns about the high fees associated with Shibarium. At the same time, the price of Shiba Inu has increased on both the monthly and weekly time frames.
Memecoin market cap consolidates between $7 billion and $9.5 billion. Analysts say the Shiba Inu cryptocurrency’s value could surpass the 200-day moving average ($0.00001885) now that it has crossed the 50-day moving average ($0.00001394).
IntelMarkets pre-sale numbers rise as more investors rush in
Analysts have named IntelMarkets (INTL) as the best ICO of this year, considering its performance so far. It entered phase two in less than two months and has raised over $450,000 in funding. The growing interest is due to an upcoming AI-driven cryptocurrency trading platform that the project is working on.
IntelMarkets is building a trading platform where investors can use algorithmic data and an AI-powered bot for efficient trading. This particular AI bot stands out from other similar $36.5 billion crypto trading markets because it is self-learning and can be trained to use specific trading strategies.
Traders can set a particular trading pattern for the bot, meaning it will follow specific trading patterns or use specific strategies to trade. Other features of the platform include leverage of up to 1000:1, copy trading, high liquidity, and access to risk management tools.
Intel Markets is also one of the most trusted trading platforms in the industry. The team was able to conduct around 100,000 penetration tests, which failed to penetrate its quantum-proof security protocols. Additionally, Cyberscope evaluated the platform’s smart contract to ensure investor safety.
Shiba Inu and Ethereum Investors Bullish on IntelMarkets
Although IntelMarkets is a new DeFi project, Shiba Inu and Ethereum investors are among those who have doubled down on the project, investing heavily in the presale. This helped IntelMarkets sell out the first stage of the presale and see massive growth in the second stage. Market experts are expecting a 75% surge for INTL in the coming weeks.
To learn more about Intel Markets, visit the website, Telegram and Twitter.
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