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Shiba Inu Burns Spike 1,500% in a Day, Shibarium Gears Up for 1,000 New Projects
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...
Uphold Backtracks, Relists Nine Crypto Assets Including Shiba Inu (SHIB) and Cardano (ADA)
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?
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 Burns 88.73 Million Tokens in 24 Hours, But Price Remains Unfazed
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...
Comparative Analysis: Shiba Inu’s Speculative Appeal vs. Bitcoin’s Solid Foundation in the Cryptocurrency Market
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 ...
Retik Finance: Bridging the Gap Between Crypto and DeFi, with Potential to Rival Shiba Inu
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, ...
Shiba Inu’s Journey: Navigating the Cryptocurrency Landscape Towards 2030
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....
Shiba Inu Ignites Crypto Frenzy: Surges in Token Burn Rate Propel Bullish Run and Price Gains
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...
Shiba Inu Ownership Soars: Over 1.3 Million Addresses Hold $5.6 Billion Worth of Tokens
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...
Shiba Inu Experiences Surge in Price Amidst Staggering Whale Transactions
Shiba Inu

Shiba Inu Experiences Surge in Price Amidst Staggering Whale Transactions

Shiba Inu, the popular meme cryptocurrency, has witnessed a notable surge in its price, experiencing a growth of 4.3% within a day. The coin's value climbed from a low of $0.00001046 to a high of $0.00001091, marking a substantial increase compared to its overall one-week performance of 0.06%. The sudden spike in price has captured the attention of the crypto community, especially in light of significant whale transactions. Read Also: Shibarium Surpasses Milestone, Emerges as Fastest-Growing Layer-2 Blockchain In the last 24 hours, Whale Alert, a renowned automated monitoring system, detected a massive transfer of 4,231,619,279,051 (4.23 trillion) SHIB tokens between two unidentified addresses. The total value of these transferred tokens exceeded $44.4 million at the time of disclosu...