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Why Shiba Inu Rallied 33%? Audius, Avalanche, Origin Protocol Steal the Spotlight As BTC Bulls Contemplate Attack

$810 million in BTC options are set to expire this Friday. With both bulls and bears determined on a show of strength in the hours preceding the option’s expiry, the $48,000k level remains a critical level to squash.

Across the Altcoin space, selected tokens such as Shiba Inu (SHIB, +19.64%), Audius (AUDIO), Avalanche (AVAX, +19.26%), Origin Protocol (OGN, +14.80%), MOBOX (MBOX, +28.04%), inSure DeFi (SURE, +48.82%) were putting up impressive performances.

Shiba Inu rose from lows of $0.00000651 on Sept 16 to reach highs of $0.00000861, gaining nearly 33% following the news of its Coinbase listing. The SHIB token shared the Coinbase announcement to the joy of its fans ”SHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive or store SHIB”.

The coming days are set to see increased adoption across the space, as the European Union is reportedly looking to bolster technological development in the region with a planned $177 billion investment war chest. According to Bloomberg, EU officials plan to fund direct investments in areas like blockchain, data infrastructure, 5G, and quantum computing, among others.

Bitcoin traded at $47,395 as of the time of post.

Audius, Avalanche, Origin Protocol Steal the Spotlight
Audius (AUDIO)
Audius shot into prominence months back through its integration with TikTok and new NFT features. On Sept. 16, Audius rallied an impressive 36% to highs of $3 following the news that the blockchain-powered streaming startup is about to announce a multimillion-dollar investment round funded by superstar artists and music executives.

As stated in a Rollingstone interview, Audius is set to announce a $5 million round of strategic funding led by major music celebrities such as Katy Perry, Nas, The Chainsmokers via their Mantis VC, Jason Derulo, Pusha T, Steve Aoki, Linkin Park’s Mike Shinoda, and Disclosure.