Ryoshi ShibBurn Archives - Cryptolifedigital

Shiba Inu Rebounds: Ambitious Price Targets Surface Amid Market Recovery

24Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu Rebounds: Ambitious Price Targets Surface Amid Market Recovery

Shiba Inu (SHIB) has staged a comeback this week, mirroring a broader market recovery that saw Bitcoin reclaim the $64,000 mark. SHIB surpassed $0.000025, breaching the 50-day EMA and currently trades at $0.00002564. This bullish momentum has reignited discussions around ambitious price targets for SHIB, such as $0.00299 and even $0.0211. Earlier this month, crypto analyst Armando Pantoja predicted SHIB could reach $0.001 after the next Bitcoin halving. Reaching for the Stars: Analysts Project Timelines Crypto exchange Changelly recently released a report outlining potential timelines for SHIB to reach these lofty targets. Their analysts believe SHIB can hit $0.001 by 2040, a sixteen-year timeframe. They envision a further climb to $0.00299 by February 2040, requiring a staggering 11,...

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 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...

Shiba Inu Lead Developer Aims for Drastic 99.9% Token Burn, Community Reacts Positively

24Dec

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu Lead Developer Aims for Drastic 99.9% Token Burn, Community Reacts Positively

In a surprising turn of events, Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, has made a bold statement about the potential reduction of Shiba Inu's (SHIB) circulating supply. Kusama suggested that reducing the circulating supply to just 0.1% of its current amount is a feasible goal, sparking excitement and optimism within the Shiba Inu community. https://twitter.com/Ksaynak16/status/1738541708734804200?s=20 Read Also: Shiba Inu Team Burns 33.8 Billion SHIB Tokens in December, Promising Continued Reduction in Supply Shiba Inu Circulating supply to be reduced to 0.1%. The announcement came in response to a critic's sarcastic suggestion that Kusama should burn 99.9% of SHIB tokens using the fees generated from Shibarium transactions. The critic had labelled the Shib...

Shiba Inu (SHIB) Price Analysis: Positive Trends, Market Performance, and Unrealistic $1 Target

19Dec

By Adaralegbe Tosin MNo Comments

Terra Classic (LUNC)

Shiba Inu (SHIB) Price Analysis: Positive Trends, Market Performance, and Unrealistic $1 Target

In recent days, Shiba Inu (SHIB) has maintained its position in the crypto market, currently priced at $0.00001042 with a trading volume of $237.87 million in the last 24 hours. The token's market cap stands at $6.14 billion, representing a 0.38% market dominance and a 5.87% increase in the past day. Shiba Inu's highest recorded price was on October 28, 2021, at $0.00008819, while the lowest was on November 28, 2020, at $0.000105637. Despite reaching an all-time high, the price dropped to $0.00005603, and the highest since then is $0.00001179. The current sentiment for SHIB is bullish, with a Fear & Greed Index reading of 73 (Greed). Read Also: Terra (LUNA) Surges into Top 100 Cryptos and Pullix (PLX) Presale Gains Momentum: A Comprehensive Overview" In terms of market cap ran...

Shiba Inu’s Principal Developer Unveils Bold Plans for Massive SHIB Token Combustion and Global Expansion

17Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu’s Principal Developer Unveils Bold Plans for Massive SHIB Token Combustion and Global Expansion

In a surprising turn of events, Shytoshi Kusama, an anonymous participant claiming to be the principal developer of Shiba Inu, has entered the discourse regarding the impending combustion of billions of SHIB tokens. Kusama, whose identity is veiled in anonymity, provided additional details about an upcoming Shiba Inu announcement that has captured the attention of the SHIB community. Read Also: LUNC Poised for Extraordinary Growth: Bull Run Sparks Excitement Among Investors Token Combustion Details According to Kusama, a significant quantity of SHIB is already undergoing combustion, and he emphasized the necessity of "toasting Shibarium transactions." The developer affirmed that this combustion process involves billions of SHIB tokens. Kusama believes that this burning process will im...

Anonymous Whale’s $42 Million Shiba Inu (SHIB) Purchase Fuels Speculation Amid Upcoming Shibarium Token Burns

12Dec

By Raliat IdrisNo Comments

Shiba Inu

Anonymous Whale’s $42 Million Shiba Inu (SHIB) Purchase Fuels Speculation Amid Upcoming Shibarium Token Burns

In a noteworthy development, an anonymous investor has recently acquired a staggering 4 trillion Shiba Inu (SHIB) tokens in a direct wallet-to-wallet transaction, bypassing traditional cryptocurrency exchanges. With a valuation of $42 million, this purchase stands as the largest individual SHIB acquisition recorded in December. The transaction was first reported by Whale Alert, a cryptocurrency wallet tracker, on X (formerly Twitter). The implications of this substantial move are amplified by the Shiba Inu team's recent announcement regarding Shibarium, their layer two network, initiating SHIB token burns starting January 2024. https://twitter.com/whale_alert/status/1734153120349814802 Direct Wallet Transaction and Strategic Implications The anonymous whale's decision to conduct the t...

Shiba Inu Hits Milestone with First Shibarium-Powered SHIB Burn, Fueling Speculation of Massive Monthly Burns

6Dec

By Daniel AbangNo Comments

Shiba Inu

Shiba Inu Hits Milestone with First Shibarium-Powered SHIB Burn, Fueling Speculation of Massive Monthly Burns

In a significant milestone for the Shiba Inu cryptocurrency, the project's team executed its first-ever SHIB burn powered by Shibarium, the coin's Layer 2 (L2) scaling solution. The burn saw 8.24 billion SHIB tokens incinerated, amounting to $75,412 and marking a substantial increase in Shiba Inu's burn rate, now standing at an impressive 1548111.1%. The decision to conduct the Shibarium-powered burn followed a notable surge in the network's daily transactions. Shibarium, Shiba Inu's L2 scaling solution, has been processing over 5 million transactions daily since December 1. The surge reached a peak on December 3, with a staggering 7.84 million daily transactions, according to data from Shibariumscan. As of the latest update, the daily transaction count reached 7.86 million, contributin...

BitTrade Expands Lending Services to Include SHIB and XRP Amid Rising Demand

22Nov

By OLAJIDE SAMUELNo Comments

Cryptocurrency

BitTrade Expands Lending Services to Include SHIB and XRP Amid Rising Demand

In a recent announcement, BitTrade, a prominent Japanese cryptocurrency exchange, has unveiled its decision to add support for Shiba Inu (SHIB) and Ripple (XRP) on its lending platform. The move comes as a response to the increasing popularity of these assets and the growing demand from the vibrant communities surrounding SHIB and XRP. BitTrade has initiated the recruitment of rentable crypto assets for SHIB and XRP, allowing users to participate in the lending program. The exchange has set a loan period of 90 days for each asset, offering a fixed annual rate of 2%. Notably, this strategic move follows BitTrade's previous support for spot trading of SHIB and XRP, showcasing its commitment to these digital assets. Read Also: Terra Classic Community Calls on Amazon to Embrace LUNC, Ter...

Shiba Inu’s Shiboshis Make a Splash in New York City, but Challenges Persist

7Nov

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu’s Shiboshis Make a Splash in New York City, but Challenges Persist

In an exciting development shared on the X platform, Shiba Inu's marketing specialist, Lucie, revealed a captivating video showcasing various Shiboshis on a massive billboard in the heart of New York City (NYC). Lucie captioned the footage with a "heart hands" emoji, signifying the community's affection for these unique digital collectibles. Notably, this exciting news was initially shared by ElSende, a dedicated Shiba Inu community member with a mission to expand Shiboshis' reach to a broader audience. https://twitter.com/LucieSHIB/status/1721698463656624430 The update sparked a flurry of reactions among Shiba Inu enthusiasts, with many users expressing their enthusiasm with rocket emojis. This move to display Shiboshis in the heart of NYC is seen as a strategic step to draw more at...