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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U. Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Here are U. Today’s top three news stories from the last day of February.
Following the largest crypto’s astonishing rally, Jan3 CEO and prominent crypto entrepreneur Samson Mow dropped a hint at when to expect Bitcoin’s next all-time high in a recent X post. In Mow’s opinion, BTC could reach a new record in its value before the halving, which is set to take place in April this year. The rationale behind such a bold suggestion is Bitcoin’s price behavior yesterday, with BTC’s value reaching $64,000, making it only 10% short of its all-time peak. Additionally, the CEO noted that in case Bitcoin does break its previous ATH before the halving event, it “will put to rest” the idea of market cycles, as Bitcoin, due to its unpredictable nature, “could just do anything at any time.” At the moment of writing, Bitcoin is trading at $61,853, down 1.95% over the past 24 hours, per CoinMarketCap.
Shiba Inu lead Shytoshi Kusama has recently taken to X platform to share major news with his followers. According to the X post by Shib Magazine’s official account (which was reposted by Kusama), the Shiba Inu project has entered into a new partnership with Zama, an open-source cryptography firm that develops innovative Fully Homomorphic Encryption (FHE) solutions for blockchain and artificial intelligence. The SHIB lead highlighted the importance of this “partnershib,” calling it “a BIG one,” and urged the SHIB community to pay close attention to “why encryption and privacy are important to the Shib Ecosystem and state.” As stated in the most recent SHIB magazine release, the collaboration between Shiba Inu and Zama is more than just a milestone but “a shift toward a more secure, private, and innovative blockchain future.”
According to recent data provided by Whale Alert, two enormous chunks of Dogecoin, carrying 699,999,999 DOGE and 500,000,000 DOGE, were shoveled to major cryptocurrency trading platforms Binance and Robinhood. Combined, these DOGE lumps made up 1.2 billion dog-themed tokens. The first transfer was worth $53,065,006, and the second one was evaluated at $53,065,006 in fiat. Many popular altcoins are now rallying on the tailcoats of Bitcoin’s surge, and so is Dogecoin, which skyrocketed by more than 42%, hitting $0.12. Thus, the dog-themed crypto could be facing a sell-off, as big whales are starting to transfer their DOGE holdings to exchanges in order to lock in profits. Currently, Dogecoin is changing hands at $0.1245, down 6.64% over the past 24 hours, per CoinMarketCap’s data.