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K9 Finance Community Backs Key Proposals, Boosting Shibarium Integration
19Apr By CryptolifedigitalNo Comments
Shiba Inu

K9 Finance Community Backs Key Proposals, Boosting Shibarium Integration

K9 Finance, the official liquid staking solution for Shibarium, recently secured strong community support for four key governance proposals. This vote signifies a significant step forward for K9 Finance and is expected to benefit the broader Shiba Inu ecosystem. https://twitter.com/K9finance/status/1780343983387889925 Community Backs Changes All four proposals passed with overwhelming approval, with participation exceeding 500% of quorum levels for each vote. The successful proposals include: Read Also: Shiba Inu: Can it Reach $0.001 Despite Market Downturn? Tax Structure Revamp: KNINE token purchases will now incur a 0% tax, while sales will have a 3% tax. This aims to incentivize new investors and encourage long-term holders. Operational Budget: A $25,000 monthly budget w...
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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 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...
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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...
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Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs
8Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs

Shiba Inu (SHIB), the popular meme coin, is attracting attention from market analysts who predict a significant price surge. This comes after a recent market downturn and amidst Bitcoin's (BTC) resurgence above $72,000. Analysts point to a symmetrical triangle formation on SHIB's price charts across multiple timeframes, suggesting a potential breakout. This technical indicator often precedes a major price move. Read Also: Cardano Price Prediction: Bullish Targets Up to $9.71 Envisioned by Cardano Ghost Fund Co-founder Eyes on the Prize: $0.000049 to $0.0001 World of Charts, a prominent analyst, identified a symmetrical triangle in the 4-hour timeframe. SHIB's recent climb above $0.000029 is seen as a retest of the triangle's upper trendline, potentially leading to a breakout. This ...
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Shiba Inu (SHIB) Nears Critical Support Level, Potential for Revival
2Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu (SHIB) Nears Critical Support Level, Potential for Revival

The cryptocurrency market witnessed sharp fluctuations today, impacting Shiba Inu (SHIB) alongside other digital assets. SHIB's price is approaching a crucial support range estimated between $0.000025 and $0.000024. This level holds significance because it aligns with previous instances where SHIB experienced growth. Critical Support for Potential Revival Analysts are closely monitoring SHIB's chart, where this specific price range emerges as a potential turning point. Historically, SHIB has demonstrated the ability to springboard from this level, suggesting a similar outcome could be on the horizon. The area also represents a robust support zone that has historically prevented steeper price drops. These support ranges typically attract buy orders, further solidifying their role in price...
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Shiba Inu Burn Rate Soars But Price Dips
28Mar By CryptolifedigitalNo Comments
Shiba Inu

Shiba Inu Burn Rate Soars But Price Dips

Shiba Inu (SHIB), a meme coin based on Ethereum, saw a massive 1055% increase in its burn rate today. However, despite this seemingly positive development, the price of SHIB dropped by 2.15%. This unexpected price movement has left many investors scratching their heads. The burning of tokens is typically seen as a bullish signal, as it reduces the overall supply of a coin, which can theoretically lead to higher prices. Read Also: Meme Coins Mania Grips Crypto Market: BOME, PEPE, and ALGT Poised for Breakout Here's a breakdown of the situation Burning Surge: According to Shibburn, a tracker for SHIB burns, the community burned a whopping 50.9 million coins in the past 24 hours. This significant decrease in supply fueled optimism among some investors. Price Drop: Despite the b...
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Shiba Inu Search Interest Surges, Signaling Renewed Investor Optimism
25Mar By Daniel AbangNo Comments
Shiba Inu

Shiba Inu Search Interest Surges, Signaling Renewed Investor Optimism

Shiba Inu (SHIB) is experiencing a resurgence in interest, with Google Trends data revealing a significant increase in search queries this month. While the current popularity of "Shiba Inu" sits at 48 over 7 days, slightly below the average, it's still higher than the beginning of the year and a far cry from the peak of 100 reached on March 16th. Beyond Just "Shiba Inu": Search trends indicate a deeper dive from investors, with queries like "Why is Shiba Inu going up" and "Shiba Inu All-Time High" gaining traction. Read Also: Terra Classic (LUNC) and USTC Surge on News of Do Kwon's Release Global Appeal with Localized Spikes Shiba Inu enjoys international interest, but specific countries are driving the recent surge. Over the past 3 months, Google Trends data highlights 10 countrie...
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Meme Coin Showdown: Shiba Budz (BUDZ) Emerges as a Rival to Shiba Inu (SHIB)
20Mar By CryptolifedigitalNo Comments
Shiba Inu

Meme Coin Showdown: Shiba Budz (BUDZ) Emerges as a Rival to Shiba Inu (SHIB)

Shiba Budz (BUDZ), a newcomer to the meme coin scene, has made a splash with a staggering 420% surge, positioning itself as a serious competitor to the established Shiba Inu (SHIB). This development has ignited excitement and speculation within the crypto community, with investors eager to understand the potential implications for both tokens. Read Also: Terraport Hack Victims Inch Closer to Compensation After Months of Debate Shiba Budz (BUDZ): More Than Just a Meme Unlike Shiba Inu (SHIB), which rose to fame primarily for its meme-based branding, Shiba Budz (BUDZ) boasts unique features and real-world utility. By integrating blockchain technology and Decentralized Finance (DeFi) solutions, Shiba Budz (BUDZ) offers more than just speculative value. This focus on functionality positio...
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