Shibarium fees surge, top whale dumps 10K ETH

An Ethereum ICO participant sent 10,000 ETH to Kraken after two years. Shibarium fees soared 2,024% as IntelMarkets raises $450K.

According to the latest news, an Ethereum ICO participant just sent 10,000 ETH to the Kraken exchange. This transfer comes after the participant was dormant for over two years.

In other news, Shibarium transaction fees have pumped by 2,024% in the past day due to an increased number of transactions. Meanwhile, IntelMarkets is the top-performing presale, scoring over $450k in funds raised as investors jump in.

Ethereum wallets come alive after two years

According to the data available from Etherscan, one of the largest Ethereum wallets has come online after two years of non-activity. The wallet became active and sent out 10,000 ETH to the Crypto Exchange Kraken. The whale traded Ethereum for $24.37 million at an average of $2,437.

With the sales, the wallet currently has 9,298 ETH ($22.63 million). In other news, Ethereum price continues to trade between a narrow price range at $2,200-$2,800, according to CoinMarketCap. This comes after large selling activity by the Ethereum Foundation and Ethereum co-founder Vitaliy Buterin.

The sell-off has pushed the value of Ethereum crypto below the 50-day SMA at $2,584.80. Fortunately, the price of the Ethereum token is gaining momentum and could cross the 50-Day SMA soon. If this happens, the altcoin price could reach $2,800 in the next few weeks.

Shiba Inu Shibarium metrics skyrockets

Transaction fees on Shibarium, the layer-2 blockchain for the Shiba Inu ecosystem, have skyrocketed in the last day. Data from Shibariumscan shows the total quantity of BONE used in gas fees increased from 15.67 to 317 tokens, a massive rise of 2,024%.

This increase comes as the total number of transactions also went up by 70% in one day, rising from 4,537 to 7,715. Shibarium’s network of active accounts also expanded by 157.14%, from 42 to 108.

While this shows Shiba Inu coin is witnessing increased interest from investors, it has also raised concerns about the high fees associated with Shibarium. In the meantime, the Shiba Inu price has increased on the monthly and weekly timeframes.

The market cap of the memecoin is consolidating between $7 billion and $9.5 billion. Analysts say the value of the Shiba Inu crypto could surge above the 200-day SMA ($0.00001885) now that it has crossed the 50-day SMA ($0.00001394).

IntelMarkets presale pumps numbers as more investors rush in

Analysts have named IntelMarkets (INTL) as the best ICO for this year, given its performance so far. It has entered stage two in less than two months and raised more than $450k in funding. The rising interest is due to an upcoming AI-driven crypto trading platform the project is working on.

IntelMarkets is building a trading platform where investors can use algorithmic data and an AI-based bot for effective trading. What sets this particular AI bot apart from other similar $36.5 billion crypto trading markets is that it is self-learning and can be trained to use specific trading strategies.

Traders are able to define a particular trading pattern for the bot, which means that 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.

Also, Intel Markets is one of the most reliable trading platforms within the trading sector. The team was able to conduct about 100,000 penetration tests, which did not penetrate its Quantum-proof security protocols. Besides, Cyberscope has assessed the smart contract of the platform to ensure the security of the investors.

Shiba Inu and Ethereum investors bullish on IntelMarkets

While IntelMarkets is a new DeFi project, Shiba Inu and Ethereum investors are part of those who have doubled down on the project, investing massively in the presale. This has helped IntelMarkets to sell out the first stage of the presale and record massive growth in the second stage. Market experts expect an increase of 75% for INTL in the coming weeks.

To learn more about Intel Markets, visit the website, Telegram and Twitter.