Binance Coin, Ethereum Classic, Shiba Inu Stage Strong Rebounds: What's Happening?

Binance Coin (CRYPTO: BNB) was rebounding almost 3% during Wednesday's 24-hour trading session, more in tandem with the S&P 500 than Bitcoin (CRYPTO: BTC). Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO: SHIB) were also enjoying a strong recovery, with the former spiking up over 5% and the latter trading over 2% higher.

Timeline of Bnb, Ethereum-classic, Shiba-inu

Ethereum Classic (ETC) fell by 13.33% since September 6 after Cardano‘s (ADA) founder Charles Hoskinson suggested Ethereum miners shift to Ergo while Ethereum's founder Vitalik Buterin said that ETC's welcoming community made it a good coin to mine. The post Ethereum Classic falls 13%; Cardano founder recommends Ergo for POW appeared first on CryptoSlate.

Various red graphs that have collapsed on multiple crypto exchanges have scared traders. The latest cryptocurrency crash has dashed the aspirations of many traders hoping to profit from cryptocurrencies.

Shiba Inu price analysis displays complete bearish movement in the market; however, the market moves towards a massive upward direction, raising the price of SHIB. After that, however, the cost of SHIB experienced a spike and increased to $0.00001244, from $0.

SPONSORED POST* Cryptocurrencies have had a rocky year, with the price of Bitcoin and other altcoins dropping significantly. However, there are a few currencies that have weathered the storm and may be poised for a breakout. These include Celphish Finance (CELP), Shiba Inu (SHIB), and Tezos (XTZ).

SPONSORED POST* Introduction The potential benefits of cryptocurrencies have attracted the attention of many, but the future is still unclear. Economists and regulators are still uncertain about their future impact on the financial sector. Nevertheless, cryptocurrencies have become a global phenomenon from their shadowy depths.

Recently, Shiba Inu had a strong price move that resulted from major buying activities in a short period. That strong buying activity resulted in the printing of a big candle that you could visualize in the 4-hour chart. However, Shiba Inu could not keep this up for so long to surpass the barrier at 0.

Prior to Ethereum's Merge, scheduled for mid-September, Ethereum Classic has emerged as an unusual hero, with network metrics leaping to lifetime highs and ETC coins increasing in value in a largely stagnant market.

Introduction Cryptocurrencies have been a hot topic among financial experts as it is more flexible, profitable, and anonymous. It is an incredible future-focused industry that is diversified into many crypto sectors. The concept of cryptocurrency started as a wild west back in 2009, but it's now in the financial mainstream around the world.

Data from blockchain analytics platform, Messari, revealed that Ethereum Classic's [ETC] hashrate reached an all-time high with a current hashrate of 45.98 H/s. The all-time high (ATH) in hashrate was logged six years after ETC miners mined the first ETC block at a block height of 1,920,000.

Shiba Inu‘s trending token, SHIB saw some important burning initiatives in August as demand continued to flood in. From metaverse developments to adoption rate (retail and institutional)- all seem to be lining up for this memecoin.