Shiba Inu Archives - Page 11 of 49

Shiba Inu Burns Spike 1,500% in a Day, Shibarium Gears Up for 1,000 New Projects

31Jan

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu Burns Spike 1,500% in a Day, Shibarium Gears Up for 1,000 New Projects

Dogecoin killer Shiba Inu (SHIB) has seen a significant spike in token burning, with over 61 million SHIB tokens being removed from circulation in a single day. This represents a 1,500% increase compared to the usual burn rate. The burn was initiated by three unknown parties who transferred 59 million SHIB tokens to a "dead" address, essentially taking them out of circulation permanently. While the identities of these parties remain unknown, their actions have fueled excitement within the Shiba Inu community. Read Also: XRP Community Divided Over Governance Proposal, but XRPL Ledger Stays Strong This surge in burning activity comes amidst positive developments surrounding Shibarium, Shiba Inu's Layer-2 scaling solution. Project marketing leader Lucie S recently announced that Shib...

Long Run Profit For Shiba Inu Holders Since 2020

28Jan

By Daniel AbangNo Comments

Shiba Inu

Long Run Profit For Shiba Inu Holders Since 2020

Shiba Inu holders witness its debut in August 2020 and in a brief time, it earned gigantic respect in the crypto ecosystem. The development of the token put it on a way that assisted it with riding the bullish cycle that drove the cost of Bitcoin (BTC) to its Record-breaking High (ATH) above $69,000 in November 2021. As per CoinMarketCap, Shiba Inu likewise achieved an ATH of $0.00008845 on October 28, 2021, however has since pared off this growth. How did early SHIB investors fair at that point and what might their position be assuming they are as yet HODLing now? Read Also: Uphold Backtracks, Relists Nine Crypto Assets Including Shiba Inu (SHIB) and Cardano (ADA) Expected Valuation on $1,000 SHIB asset invested in 2020 The most minimal recorded cost of Shiba Inu according to i...

Uphold Backtracks, Relists Nine Crypto Assets Including Shiba Inu (SHIB) and Cardano (ADA)

27Jan

By OLAJIDE SAMUELNo Comments

Shiba Inu

Uphold Backtracks, Relists Nine Crypto Assets Including Shiba Inu (SHIB) and Cardano (ADA)

Just one month after delisting ten digital assets due to alleged regulatory hurdles from Canada, American trading platform Uphold has performed a U-turn. Nine of the delisted assets, including popular cryptos like Shiba Inu (SHIB), Dogecoin (DOGE), and Cardano (ADA), are now back on the platform's Topper exchange. While the official reason for the reversal remains unclear, Uphold appears to have navigated whatever regulatory obstacles initially triggered the delistings. This sudden change has sparked excitement within the crypto community, particularly among Shiba Inu's "SHIB Army" and BONE token enthusiasts. Read Also: Terra Classic Rises From the Ashes: Staking Soars, Sentiment Shifts, and Recovery Beckons The reintroduction of SHIB and DOGE is expected to be met with enthusiasm...

Shiba Inu: Weathering the Storm, but Can it Reach for the Stars?

25Jan

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu: Weathering the Storm, but Can it Reach for the Stars?

Despite the crypto market's recent bloodbath, Shiba Inu (SHIB) has shown surprising resilience. While higher-ranking tokens like SOL and AVAX took a 15% nosedive, SHIB dipped a smaller 6.85%, even experiencing a 2.85% rally in the past 24 hours. However, reclaiming the $0.00001 level lost two weeks ago remains a hurdle. Read Also: Can XRP Hit $20? Analysts Predict Rollercoaster Ride! Shiba enthusiasts, ever the optimists, dream of loftier goals – $0.0005 and even $0.01. AI chatbots, ever cautious, paint a nuanced picture. ChatGPT envisions a possible $0.0005 by 2025, thanks to wider adoption and technological advancements. Google Bard, ever practical, offers three scenarios: Bullish: $0.0005 between 2025-2026, fueled by Shibarium success and ecosystem growth. Neutral: $0.0005...

Shiba Inu Price Prediction 2024: Can the Memecoin Maintain its Momentum?

24Jan

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu Price Prediction 2024: Can the Memecoin Maintain its Momentum?

Shiba Inu (SHIB), the popular meme coin, has had a rollercoaster ride in recent years. Despite its massive circulating supply, it remains a top 17 cryptocurrency by market cap. However, its price has dropped significantly from its all-time high in October 2021. Investors are now looking ahead to see what the future holds for SHIB. Grok, an AI developed by X (formerly Twitter), has offered some insights. According to Grok, SHIB's most likely price range for the end of 2024 is between $0.000012 and $0.000020. This would represent a significant increase from the current price of $0.000008752. Read Also: Terra Classic Community Burns Over 700 Million Tokens, Sparking Hope for Cryptocurrency's Revival However, Grok also has a bullish and bearish forecast for SHIB. The bullish forecast ...

Shiba Inu Finds a Home in India Amidst Regulatory Turmoil: Flitpay Embraces the Meme Coin

21Jan

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu Finds a Home in India Amidst Regulatory Turmoil: Flitpay Embraces the Meme Coin

Indian Shiba Inu fans have a reason to rejoice! Flitpay, a rising star in the Indian crypto scene, has listed the popular meme-inspired token, providing it with greater global reach and fueling optimism for the future of digital assets in the country. This comes against a backdrop of intense regulatory scrutiny, making Flitpay's move all the more significant. Read Also: Shiba Inu: A Community Powerhouse Propelling the Project Forward Recognizing the growing demand for Shiba Inu (SHIB) among Indian investors, Flitpay has chosen to diversify its offerings and embrace the furry token. This follows the successful launch of BONE, another token within the SHIB ecosystem, on the platform. The listing not only bolsters Flitpay's portfolio but also underscores its commitment to catering to a ...

Shiba Inu: A Community Powerhouse Propelling the Project Forward

18Jan

By Daniel AbangNo Comments

Shiba Inu

Shiba Inu: A Community Powerhouse Propelling the Project Forward

The Shiba Inu team has once again showered praise on its dedicated community, the self-proclaimed "SHIB Army," highlighting their unwavering support as the project's true strength. This acknowledgement wasn't just limited to words; a viral tweet featuring a poignant image and caption solidified the team's appreciation: "In the world of our ecosystem, the visionary ones don't just watch history, they make it." https://twitter.com/Shibtoken/status/1746915411591884966 This isn't the first time the Shiba Inu team has recognized the community's crucial role. Last year, the lead developer, under the pseudonym "Shytoshi Kusama," even dedicated his "50 Most Influential People in Crypto" award to the supportive SHIB Army, calling them the backbone of the burgeoning ecosystem. So, how has the...

Shiba Inu Burns 88.73 Million Tokens in 24 Hours, But Price Remains Unfazed

16Jan

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu Burns 88.73 Million Tokens in 24 Hours, But Price Remains Unfazed

Shiba Inu, the popular meme coin, saw a significant increase in its burn rate over the past 24 hours, with 88.73 million tokens sent to dead wallets. This represents a 2,034% surge compared to the previous day's burn rate and suggests renewed efforts from the community to reduce the circulating supply of SHIB. Read Also: Ice is Breaking onto the Scene: Major Listing on OKX Exchange This Week! Details of the Burn The tokens were burned in three large transactions, with the biggest one sending 52.39 million SHIB to a dead wallet. Two other addresses contributed to the burn, sending 34.24 million SHIB and 2.1 million SHIB, respectively. This brings the total number of SHIB burned in the past 24 hours to 88.73 million. Impact on Burn Rate The massive burn significant...

Shiba Inu Burns: Token Incineration Soars 6,000%, While Shibarium Sees Mixed Signals

15Jan

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu Burns: Token Incineration Soars 6,000%, While Shibarium Sees Mixed Signals

The Shiba Inu community is excited after a remarkable 6,000% surge in the token's burn rate over the past week. This translates to a whopping 9.4 billion SHIB tokens sent to the incinerator, permanently removing them from circulation. This strategic move has ignited discussions about its potential impact on the price and future of Shiba Inu. Burning for Brighter Days? Token burns are a common practice in the cryptocurrency world, aiming to reduce the circulating supply and potentially drive up the price through increased scarcity. In Shiba Inu's case, this recent burn spree represents over 10% of the total tokens destroyed last year. This coincides with a broader market upswing, fueled by the approval of several Bitcoin ETFs in the US. As a result, SHIB's price has climbed roughly 5% i...

Comparative Analysis: Shiba Inu’s Speculative Appeal vs. Bitcoin’s Solid Foundation in the Cryptocurrency Market

12Jan

By Daniel AbangNo Comments

Shiba Inu

Comparative Analysis: Shiba Inu’s Speculative Appeal vs. Bitcoin’s Solid Foundation in the Cryptocurrency Market

Shiba Inu (SHIB) has garnered significant attention for its remarkable, albeit volatile, performance in the cryptocurrency market. Despite its nearly 12,000,000% surge since its inception in August 2020, the token currently sits 89% below its all-time high from October 2021. While some investors may be enticed by the prospect of buying the dip, caution is advised, with experts suggesting that Shiba Inu is a cryptocurrency best avoided. Read Also: SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims One of the primary reasons for scepticism lies in Shiba Inu's lack of a competitive edge within the blockchain space. Built on the Ethereum network, it offers compatibility with various decentralized applications and cryptocurrency wallets. However, it fails ...