Friday, April 19Welcome to Cryptolifedigital

Shiba Inu

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...
Read More
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...
Read More
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...
Read More
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 ...
Read More
Retik Finance: Bridging the Gap Between Crypto and DeFi, with Potential to Rival Shiba Inu
11Jan By OLAJIDE SAMUELNo Comments
Shiba Inu

Retik Finance: Bridging the Gap Between Crypto and DeFi, with Potential to Rival Shiba Inu

In the bustling realm of cryptocurrency, a rising star named Retik Finance is challenging the dominance of popular tokens like Shiba Inu. More than just a currency, Retik is a comprehensive DeFi platform aiming to bridge the gap between the digital and physical worlds of finance. Read Also: Crypto Buzz: XRP Hopes to Rise on ETF Prospect, InQubeta Shines with AI Innovation Here's why Retik Finance is making waves Presale Success: Each presale stage has sold out quickly, with Stage 5 currently at 77.88% and $6.8 million raised. This indicates strong investor confidence in the platform's potential. Impressive Growth: Investors have already enjoyed over 130% YTD gains, and the token price is set to increase in the next presale stage. Utility-Driven: Unlike meme coins like SHIB, ...
Read More
Shiba Inu’s Journey: Navigating the Cryptocurrency Landscape Towards 2030
10Jan By Daniel AbangNo Comments
Shiba Inu

Shiba Inu’s Journey: Navigating the Cryptocurrency Landscape Towards 2030

In the ever-evolving world of cryptocurrency, Shiba Inu (SHIB) stands as a resilient contender, fueled by a vibrant community and a vision beyond meme coin status. As the crypto market experiences a temporary pause in the Shiba Inu bull run, enthusiasts remain optimistic about its potential ascent in 2024 and beyond. Read Also: Market Overview: Shiba Inu's Rise to Prominence Often hailed as the "Dogecoin killer," Shiba Inu has surpassed its initial moniker, securing legitimacy through milestones such as its listing on Coinbase. Unlike Dogecoin, SHIB operates as an ERC-20 token on the Ethereum blockchain, ensuring smoother transactions. The introduction of the Shibarium Network, Shiba Inu's Ethereum Layer-2 blockchain, underscores its commitment to diversify beyond meme coin status....
Read More
Shiba Inu Ignites Crypto Frenzy: Surges in Token Burn Rate Propel Bullish Run and Price Gains
9Jan By Daniel AbangNo Comments
Shiba Inu

Shiba Inu Ignites Crypto Frenzy: Surges in Token Burn Rate Propel Bullish Run and Price Gains

In the latest developments in the cryptocurrency space, Shiba Inu, often touted as the "Dogecoin killer," has once again ignited a wave of excitement with a remarkable surge in its token burn rate. This surge has captured significant attention within the broader crypto market, coinciding with a bullish run in SHIB's price. Read Also: Terra Classic (LUNC) Amidst Bitcoin Halving: Google Bard's Insights Illuminate Potential Price Trajectories Shiba Inu Surges over 907% According to insights from the on-chain burn analytics provided by Shibburn, the Shiba community has burned an astonishing 33.88 million SHIB in the last 24 hours alone. This surge represents a remarkable 906.27% increase in the burn rate on Tuesday, January 9. Notably, the Shiba community has been actively burning SHIB to...
Read More
Shiba Inu Investors Navigate Turbulent Waters as SHIB Dips Below $0.00001; Opportunity or Concern?
6Jan By Onche Michael ONo Comments
Shiba Inu

Shiba Inu Investors Navigate Turbulent Waters as SHIB Dips Below $0.00001; Opportunity or Concern?

Earlier this week, Shiba Inu investors found themselves in challenging waters as SHIB plummeted below the $0.00001 threshold. The catalyst for this downturn was the Matrixport research report suggesting that the U.S. Securities and Exchange Commission (SEC) would reject all spot Bitcoin ETF applications. The adverse impact of this report rippled through the cryptocurrency market, affecting assets such as Shiba Inu. Mixed Sentiments Among Investors - From Disappointment to Opportunism While disappointment resonates among some Shiba Inu investors due to the recent downturn, others view the situation as an opportunity to increase their SHIB holdings. The optimism stems from the belief that Shiba Inu has the potential to rally to around $0.001 during the current bull market, with aspirations...
Read More
Shibarium’s Ambitious Burn Plans Aim to Tackle SHIB’s Supply Overhang, but Challenges Persist
5Jan By OLAJIDE SAMUELNo Comments
Shiba Inu

Shibarium’s Ambitious Burn Plans Aim to Tackle SHIB’s Supply Overhang, but Challenges Persist

In a recent development within the Shiba Inu community, a prominent member known by the pseudonym 'Queenie' has projected staggering figures regarding the potential burn of SHIB tokens through the Shibarium burn portal. Queenie estimates that the portal could incinerate an impressive 111 trillion SHIB tokens annually, constituting about 20% of the circulating supply. The Automated SHIB Burn This projection breaks down to a monthly burn of approximately 9.25 trillion SHIB tokens. However, it's crucial to note that the official Shibarium team has not yet confirmed or provided details regarding the accuracy of these projections. Read Also: XRP's Soaring Potential: Analyst Predicts Explosive Rise Amid Legal Victories Scheduled to automate SHIB burns starting this month, Shibarium will ...
Read More
Shiba Inu Ownership Soars: Over 1.3 Million Addresses Hold $5.6 Billion Worth of Tokens
4Jan By Onche Michael ONo Comments
Shiba Inu

Shiba Inu Ownership Soars: Over 1.3 Million Addresses Hold $5.6 Billion Worth of Tokens

In a remarkable surge of popularity, the number of addresses containing Shiba Inu has reached an astounding 1,366,964, according to recent Etherscan data. This milestone positions Shiba Inu as one of the top 17 most valuable cryptocurrencies, boasting a market capitalization exceeding $5.6 billion. The sheer scale of Shiba Inu's decentralized ownership now surpasses the populations of 105 U.S. cities, including notable urban centres such as Jacksonville, Nashville, Salt Lake City, Providence, Memphis, Richmond, and Louisville. Read Also: Terra Classic (LUNC) Faces Volatility: Google's Bard Provides Insights on Potential Future Scenarios Within the expansive Shiba Inu community, these addresses collectively hold an impressive 999.98 trillion SHIB tokens. However, a notable portion, al...
Read More
Like Us
Follow Us
Join Channel