Shiba Inu Archives - Page 3 of 48

Shiba Inu: Whales HODL Strong as Price Seeks Stability

18Apr

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu: Whales HODL Strong as Price Seeks Stability

Shiba Inu (SHIB) is experiencing a period of consolidation, with its price hovering around the $0.00002 mark. While the broader market grapples with volatility, on-chain data reveals interesting insights into whale behaviour and potential future movements. Whales Show Strong Hands According to IntoTheBlock, a significant number of whales – 397,000 addresses to be exact – are holding a combined 2.44 trillion SHIB tokens, with an average purchase price of $0.00001. This substantial holding suggests whale confidence in SHIB's long-term potential. Additionally, recent market dips haven't deterred these whales, as evidenced by their accumulation of over 223 billion tokens during the price drop to $0.000018. Read Also: Shibarium: Mixed Signals as Transactions Surge But Activity Dips Su...

Shibarium: Mixed Signals as Transactions Surge But Activity Dips

18Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shibarium: Mixed Signals as Transactions Surge But Activity Dips

Shibarium, the Layer-2 scaling solution for Shiba Inu, is experiencing a complex mix of positive and negative trends. While daily transactions have skyrocketed, low active user numbers and a declining total value locked (TVL) paint a concerning picture. Transaction Boom, User Base Grows Daily transactions on Shibarium have exploded from a low of below 6,000 on April 10 to a staggering 562,980 at press time. This surge has pushed the total transaction count to over 416 million. The user base is also expanding, with 1.78 million wallets interacting with Shibarium since its launch. Read Also: Cardano (ADA): Can it Overcome Challenges and Reclaim its Position? Network Maturity The network appears stable, having minted over 4.26 million blocks at an average block time of 5 seconds. Addit...

Shiba Inu: Down But Not Out? Analyst Predicts Recovery Despite Market Woes

17Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu: Down But Not Out? Analyst Predicts Recovery Despite Market Woes

Shiba Inu (SHIB), the popular meme coin, finds itself caught in the cryptocurrency market downturn. Having shed 50% of its value since its cycle peak of $0.00004567, SHIB is currently trading at a price point of $0.000022. Analyst Cipher Offers Hope for SHIB's Future Amidst the bearish sentiment, crypto analyst Cipher remains optimistic about Shiba Inu's long-term prospects. Through an Elliott Wave analysis, Cipher suggests SHIB is still within the confines of a larger macro wave 3, which historically precedes significant price increases. Read Also: XRP DeFi Heats Up: Locked Tokens and AMM Pool Growth Signal Progress The Bottom Might Be In Cipher identifies a potential price floor for SHIB between $0.00001450 and $0.00001690. If the current market crash pushes SHIB towards this zone...

Can Shiba Inu Recover? Price Tumbles, But Ambitious Price Targets Remain

17Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Can Shiba Inu Recover? Price Tumbles, But Ambitious Price Targets Remain

Shiba Inu (SHIB), the popular meme coin, finds itself in a precarious position. After surrendering key support levels above $0.00002, SHIB is battling to stay afloat amidst a broader market downturn. Shiba Inu Faces Downward Pressure The recent market crash has pushed SHIB to the lower end of the $0.00002 zone, raising concerns about a potential drop below $0.00001. At the time of writing, SHIB is trading at $0.00002032, reflecting an 18% decline in the last 24 hours. Read Also: Solana Shines as Top Crypto Prices Rebound Investor Optimism vs. Speculative Targets Despite the bearish trend, some investors remain hopeful for a Shiba Inu rebound. Price predictions range from $0.0001 to a more ambitious $0.01. Analyst Michael expects SHIB to reach $0.0001 upon completion of its 5th Ellio...

Shiba Inu Frenzy: Burning Bright Despite Market Gloom

16Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu Frenzy: Burning Bright Despite Market Gloom

Shiba Inu (SHIB), the popular meme coin, is defying the odds. Even as the broader cryptocurrency market experiences a downturn, the SHIB community is burning tokens at an unprecedented rate, aiming to reduce supply and potentially boost the coin's value in the long run. Read Also: XRP: Analysts Predict Double-Digit Price Surge, With Some Eyeing a Whopping $1,000 This burning frenzy has seen over 774 million SHIB tokens eliminated from circulation in the past week, a staggering 200% increase. The daily burn rate has also skyrocketed by nearly 490%, reaching $19.34 million in the last 24 hours. This burning enthusiasm stands in stark contrast to traditional inflationary models in the cryptocurrency space. Price Dips Amidst Market Volatility While the price of SHIB has dipped 7.46% to...

Shiba Inu Burn Rate Surges with Massive 650 Million SHIB Transaction

15Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu Burn Rate Surges with Massive 650 Million SHIB Transaction

The Shiba Inu community's dedication to the token's deflationary goals recently received a significant boost. Despite a period of relative quiet, a mysterious wallet sent a whopping 650 million SHIB (Shiba Inu tokens) to a burn address, significantly impacting the burn rate. Read Also: Shiba Inu Soars: Meme Coin Maturing into Market Contender This transaction, which occurred on April 14th at 1:31 AM UTC, marked the single largest burn in over a month. At the time, SHIB was trading at $0.000021, making the burned tokens worth roughly $13,650. Community Efforts and a Surprise Contribution The Shiba Inu community has consistently contributed to the ongoing burn initiative, with various projects sending millions of SHIB tokens to dead wallets. However, the origin of this particular 650...

Shiba Inu Soars: Meme Coin Maturing into Market Contender

15Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu Soars: Meme Coin Maturing into Market Contender

Shiba Inu (SHIB), the popular meme coin, is captivating investors and enthusiasts with predictions of significant growth in 2024. Analysts suggest that SHIB could surpass its current price and reach as high as $0.000098. Read Also: Shiba Inu Content Specialist Unveils Criteria for Endorsing Shibarum Projects Strong Community Engagement and Investor Confidence Fuel Growth Fueling this anticipated surge is a potent mix of strong community engagement and rising market interest. SHIB once dismissed as an internet fad, is now a serious player in the cryptocurrency arena. This shift isn't just reflected in numbers; it's a growing investor confidence that sees SHIB as more than speculation. Resilient Trading Positions SHIB for Potential Takeoff Despite the inherent volatility of cryptocurr...

Shiba Inu Content Specialist Unveils Criteria for Endorsing Shibarum Projects

15Apr

By Kayode Oke MichaelNo Comments

Shiba Inu

Shiba Inu Content Specialist Unveils Criteria for Endorsing Shibarum Projects

Shiba Inu content marketing specialist Lucie recently laid out five new policies guiding her endorsement of projects built on Shibarium, the Shiba Inu ecosystem's dedicated layer-2 blockchain. Lucie emphasized that these policies are her own and don't represent the official views of the Shiba Inu development team. Read Also: Grant Thornton Pensions Fund Selects Cardano as Fiduciary Manager https://twitter.com/LucieSHIB/status/1779368977338114174 Focus on SHIB and BONE Utility A core consideration for Lucie is a project's contribution to burning SHIB tokens, a key strategy for reducing overall supply and potentially increasing value. Additionally, she looks for projects that enhance the utility of Bone ShibaSwap (BONE), Shibarium's gas token. This could involve mechanisms for BONE b...

Shiba Inu Price Sinks: Can the Meme Coin Make a Comeback?

13Apr

By Onche Michael ONo Comments

Shiba Inu

Shiba Inu Price Sinks: Can the Meme Coin Make a Comeback?

Shiba Inu (SHIB) has experienced a rough 24 hours, plummeting over 17% to a low of $0.00002287. This decline follows Bitcoin's (BTC) ongoing correction and pushes SHIB down over 32% from its 30-day high of $0.00003365. Despite the bearish market, SHIB remains above price points not seen since 2022. This has led some prominent entities to maintain optimism about a significant recovery, even suggesting bold price targets and timelines. Read Also: Mystery Surrounds Sudden Release of Half Billion XRP from Ripple Escrow Reaching for the Stars: How Long Until Shiba Inu Hits $0.0052? Currently trading with four leading zeros, reaching $0.0052 would require SHIB to eliminate two zeros. Analysts at Changelly believe this could take nearly two decades, pinpointing 2040 as a potential target ...

Shiba Inu Collaborates with CDSA, SHIB Burn Rate

12Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu Collaborates with CDSA, SHIB Burn Rate

Shiba Inu (SHIB) continues to make waves with a new collaboration and a community-driven burn initiative. Shytoshi Kusama, the anonymous leader of SHIB, recently addressed the community regarding their partnership with the Content Delivery Security Association (CDSA). Read Also: Terra Luna Classic Eyes Dedicated Dev Team, Community Decides Roles This collaboration focuses on exploring the potential of blockchain technology within the media and entertainment industry. Kusama, in a message shared by SHIB's social media lead Lucie, highlighted how this partnership will empower CDSA executives to "better utilize these innovative technologies" as blockchain and AI converge. https://twitter.com/LucieSHIB/status/1778439071737557169 Founded in 1970, CDSA is a non-profit organization de...