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Some of Ethereum’s on-chain metrics have flipped bullish recently, at a moment when the volatility of the altcoin’s price has hit a record low, according to data from IntoTheBlock. This combination of factors is likely to lead to an upward rally in the short term, as periods of low volatility, which usually don’t last longer than a month, are typically followed by a price spike in either direction.
Shiba Inu (SHIB) tokens have been among the top-performing cryptocurrencies over the past week amid low volatility conditions for bitcoin (BTC).The tokens have risen 20% over the past week, compared with nominal gains for bitcoin and ether (ETH). Among alternative currencies, higher returns were generated only by rollbit (RLB) and unibot (UNIBOT).
The US Producer Price Index (PPI) measures the cost of goods from the producers’ perspective. This implies that higher PPI numbers signify higher inflation, which could lead to interest rate hikes.
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