Henrik Zeberg Predicts Largest Market Crash Since 1929, Shytoshi Kusama Shares SHIB Metaverse Screenshot, Peter Schiff Sees BTC Plunge Below $4,000.
U.Today has prepared a summary of the top four news stories over the weekend. Don’t miss anything important in the crypto industry.
Trading legend Henrik Zeberg foresees the largest market crash since 1929
Shytoshi Kusama Shares SHIB Metaverse Screenshot: In his recent bearish tweet, trader, and analyst Henrik Zeberg issued a warning about an upcoming market crash that will be even larger than the one the world witnessed in 2007-2009. Zeberg shared a chart showing the dynamics of U.S. unemployment rates and the National Association of Home Builders Housing Market Index. Combined with stock price indicators, these metrics hint at a close peak of the economic cycle.
Shytoshi Kusama reveals new Shiba Inu (SHIB) Metaverse screenshot
Shytoshi Kusama Shares SHIB Metaverse Screenshot: As the team behind the Shiba Inu project is getting ready for the SXSW festival, lead developer Shytoshi Kusama took to Twitter to share the poster his team has prepared for the “best movie poster” contest. According to Kusama’s tweet, the poster is showing a shot from the Shiba Inu Metaverse. The screenshot appears to be depicting the WAGMI Temple — one of the 11 hubs that will be unlocked and allowed to be used by all players once the SHIB-based virtual universe launches.
Bitcoin price to plunge back below $4,000, Peter Schiff predicts
Shytoshi Kusama Shares SHIB Metaverse Screenshot: According to yet another prediction by Peter Schiff, the CEO of Euro Pacific Capital and a vocal critic of Bitcoin, the world’s largest cryptocurrency could plunge below the $4,000 level soon. It all started with a Twitter post by MicroStrategy CEO Michael Saylor, who wrote, “Bitcoin is for winners.” Schiff replied by questioning the relevance of Bitcoin to MicroStrategy shareholders, adding that the company lost billions of dollars on the BTC it purchased.
Trillions of Shiba Inu (SHIB) left whales’ bags on Shibarium release day
Shytoshi Kusama Shares SHIB Metaverse Screenshot: Data provided by IntoTheBlock shows that on March 11, the day when the Shibarium public beta PuppyNet was released, the number of Shiba Inu tokens held by whales dropped by 10 trillion. The 14 largest SHIB holders are currently holding 250.66 trillion SHIB, which is 25.5% of the initial offering and 45.57% of the current amount, not including the dead address needed for burning. At the same time, the wallets of slightly smaller but still big investors have been filled with the same amount of meme tokens. Per IntoTheBlock, this category of investors comprises 40 addresses that now hold 12.36%.
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