SHIB Rebounds Alongside Cardano, Terra Luna in Altcoin Market Recovery

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SHIB, Cardano and Terra (LUNA) are presently increasing in value ShibArmy CardanoADA TerraLuna Crypto

Shiba Inu has ticked higher since Feb. 3 from lows of $0.000020. At the time of publication, SHIB was trading hands at $0.000023, up 9.70% in the last 24 hours, according to CoinMarketCap data. In the last 24 hours, Shibburn reports there have been a total of 17,081,193 SHIB tokens burned and 10 transactions. So far, a total of 410,302,031,022,757 SHIB tokens have been burned from the initial supply of one quadrillion.

Cardano is standing higher above lows of $1.01 reached on Feb. 3. At press time, ADA was changing hands at $1.16, up 8.51% in the last 24 hours as per CoinMarketCap data.earlier reported that the balance held by addresses with 1-10 million ADA has increased by 40.65% in January, as IntoTheBlock noted. It states that these addresses now collectively hold 24.87% of the circulating supply, which is presently 33.57 billion ADA.

Terra is gradually recovering after dipping to lows of $43.49 on Jan. 31. LUNA presently trades at $56.81, up 10.86% in the last 24 hours per CoinMarketCap data.Bitcoin and alternative cryptocurrencies, or altcoins rallied, reversing losses from a few days ago. The altcoins outperformed as Ethereum rose near the $3,000 mark. and the Relative Strength Index , have predicted negative extremes in the crypto market in recent weeks.

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