Join the Trading Community: Learn & Earn with BingX.
Today’s Cryptocurrency Headline
Shiba Inu lead developer Shytoshi Kusama has revealed plans to expand the Shiba Inu ecosystem with a decentralized stablecoin called SHI, a reward token called TREAT, and a collectable card game for its metaverse. The specific operating mechanism of the decentralized stablecoin SHI has not been disclosed, but it is planned to be launched later in 2022. TREAT is an upcoming reward token for SHIB metaverse that will be linked to the Shiba collectable card game. The token will also “help provide balance to” Shiba Inu’s stablecoin. Kusama did not disclose how TREAT works but said that TREAT is limited in supply.
BingX’s Bitcoin Chart
According to BTC.com, the Bitcoin mining difficulty was lowered by 1.41% to 29.15T at 8:22 today. Bitcoin is up 1.64% over the past 24 hours and rose to an intraday high of $20,656.00. Bitcoin’s price has been able to stay at $20,000 for the last 3 days, suggesting the bears may have lost the downside momentum. The bulls will attempt to push the price above the 20-day exponential moving average (EMA) ($21,005). If this happens, the BTC/USDT pair could then rally toward the 50-day EMA ($24,764).
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.