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Shiba Inu: Can it Reach $0.001 Despite Market Downturn?
19Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu: Can it Reach $0.001 Despite Market Downturn?

Shiba Inu (SHIB), the popular meme coin, has been caught in the wider cryptocurrency market downturn. SHIB is currently down 50% from its 2024 peak of $0.000045, reached in early March. However, despite the recent slump, SHIB remains significantly higher than its price two years ago, reflecting a year-to-date increase of 116%. Looking ahead, analysts are divided on the possibility of SHIB reaching a price of $0.001. Discussions about this ambitious target gained momentum in 2023, fueled by factors like token burning and expanding ecosystem utility. Read Also: Borroe Finance Surges as Solana Faces Downturn Several factors could potentially propel SHIB towards $0.001: Increased Utility: Wider adoption of SHIB for payments and within the Shiba Inu ecosystem could drive demand fo...
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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...
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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...
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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...
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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...
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Shiba Inu on Sale: Investors Aim for Big Gains Despite Market Dip
13Apr By OLAJIDE SAMUELNo Comments
Uncategorized

Shiba Inu on Sale: Investors Aim for Big Gains Despite Market Dip

The recent slump in cryptocurrency prices has presented an opportunity for Shiba Inu enthusiasts to buy the token at a discount. This comes as the broader crypto market experiences a correction, with Bitcoin falling below $65,000. Market Downturn Triggers Buying Spree A key factor behind the market-wide slump is hotter-than-expected U.S. inflation data, leading investors to flee riskier assets like cryptocurrency. This triggered a drop in Shiba Inu's price, reaching a one-month low of $0.00002140 yesterday before recovering slightly. While it remains above $0.000024, SHIB is still down 11% over the past day. This decline, however, is seen as a buying opportunity by some investors participating in a "buy-the-dip" strategy. They are accumulating SHIB tokens in anticipation of a price re...
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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...
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Shiba Eternity Gets Major Upgrade, Paves Way for Play-to-Earn
11Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Eternity Gets Major Upgrade, Paves Way for Play-to-Earn

Shiba Inu's Shiba Eternity, the popular meme-coin-inspired collectable card game (CCG), received a significant update focused on enhancing gameplay and laying the groundwork for the highly anticipated play-to-earn (P2E) feature. Improved Performance and Bug Fixes The update addresses several pain points reported by players. The functionality of the Princess Andromeda card has been rectified, eliminating issues it previously caused. Additionally, lag induced by Stealth Fighter cards is a thing of the past. These improvements ensure a smoother and more enjoyable experience for Shiba Eternity players on both Android and iOS devices. Read Also: Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens Shiboshi and Kibble Revamp on the Horizon: The u...
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Shiba Inu’s K9 Finance Announces Three-Phased Launch for Liquid Staking Platform
5Apr By CryptolifedigitalNo Comments
Shiba Inu

Shiba Inu’s K9 Finance Announces Three-Phased Launch for Liquid Staking Platform

K9 Finance, a partner within the Shiba Inu ecosystem, has revealed a three-stage rollout plan for its liquid staking platform on Shibarium. This roadmap highlights K9's commitment to enhancing Shibarium's decentralized finance (DeFi) offerings. Three Stages for K9 Finance Launch Shiba Inu's community magazine, SHIB, unveiled K9 Finance DAO's roadmap, detailing the upcoming launch phases. The highly anticipated mainnet launch of K9's decentralized application (dApp) will occur throughout 2024. Read Also: Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens The first phase, dubbed "Hesper," is scheduled for late Q2. Named after ancient dog ancestors, Hesper represents the foundational beta version of the K9 dApp. This initial stage prioritize...
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Meme Coins Take Over: Shiba Inu Leads the Charge on Indian Crypto Exchange WazirX
5Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Meme Coins Take Over: Shiba Inu Leads the Charge on Indian Crypto Exchange WazirX

Meme coins, known for their internet humour and often volatile nature, have surprisingly captured the attention of Indian cryptocurrency investors. This is evident on WazirX, one of India's leading crypto exchanges, where meme coins dominated the trading scene in March. Read Also: XRP Community Buzzes About Possible FedNow Network Integration Meme Coin Mania on WazirX In a significant shift, all of the top five most traded tokens on WazirX for March were meme coins, with Shiba Inu (SHIB) leading the pack. This statistic highlights a growing fascination with meme-based cryptocurrencies among Indian traders. This trend coincides with tighter regulations on foreign exchanges, potentially driving more users towards local platforms like WazirX. Shiba Inu, the self-proclaimed Dogecoin ki...
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