shiabrium Archives - Cryptolifedigital

Shiba Inu (SHIB) Faces Downward Pressure Amidst Crypto Market Slump

20Mar

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu (SHIB) Faces Downward Pressure Amidst Crypto Market Slump

The cryptocurrency market witnessed a brutal sell-off, wiping away a staggering $230 billion in market cap within a single day. This bearish trend has impacted Shiba Inu (SHIB), a popular meme coin, with machine learning algorithms predicting further losses shortly. Read Also: Meme Coin Showdown: Shiba Budz (BUDZ) Emerges as a Rival to Shiba Inu (SHIB) SHIB Price Tumbles After Recent Highs Following a period of significant price gains, SHIB has entered a notable reversal. PricePredictions, a crypto analysis platform, forecasts SHIB to remain around $0.000025 by April 1st, 2024. This prediction is based on technical indicators like MACD, RSI, Bollinger Bands, and ATR. Currently, SHIB shows a slight 2% gain in the last 24 hours, trading at $0.00002593. However, it’s down 20% comp...

Shiba Inu Team Burns 33.8 Billion SHIB Tokens in December, Promising Continued Reduction in Supply

24Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu Team Burns 33.8 Billion SHIB Tokens in December, Promising Continued Reduction in Supply

The Shiba Inu team has been making significant strides this month in fulfilling their commitment to actively participate in SHIB token burns, a strategy aimed at reducing the overall supply of SHIB. In the latest development, the team executed a massive burn, incinerating a staggering 8.47 billion SHIB tokens. This brings the total burned in December alone to an impressive 33.8 billion SHIB, showcasing the team's dedication to implementing systematic token burns. Read Also: Ripple CLO Discloses SEC Lawsuit Settlement Offer https://twitter.com/LucieSHIB/status/1738332247709892625 Any member of the Shiba Inu community can initiate SHIB burns, but the team has taken the lead this month with four notable burns. The most recent burn involved sending 8,471,583,707 SHIB tokens, valued at...

Shiba Inu (SHIB) Surges in Adoption as CoinGate Celebrates Second Anniversary Milestone

20Nov

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu (SHIB) Surges in Adoption as CoinGate Celebrates Second Anniversary Milestone

In a recent tweet, prominent payment processor CoinGate proudly announced Shiba Inu's (SHIB) remarkable ascent as one of its most widely used payment methods, marking the second anniversary of the cryptocurrency's integration into the platform. Shiba Inu has secured its position as the fifteenth most preferred payment option on CoinGate, signifying a significant stride for the token and providing global merchants with the ability to accept SHIB transactions seamlessly. Read Also: Terra Luna Classic (LUNC) Community Approves v2.3.0 Upgrade with Dynamic Validator Commissions https://twitter.com/CoinGatecom/status/1725518477664845899 CoinGate expresses enthusiasm for Shiba Inu's growth CoinGate, in its celebratory notification, expressed enthusiasm for the continued growth and success...

Shiba Inu (SHIB) Burn Rate Skyrockets, Fueling Enthusiasm and Speculation in the Community

25Oct

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu (SHIB) Burn Rate Skyrockets, Fueling Enthusiasm and Speculation in the Community

Shiba Inu (SHIB) is making headlines once again as its burn rate experiences a meteoric rise. The surge in token burning has caught the attention of the Shiba Inu community and the broader cryptocurrency world, sparking optimism for the meme coin's future. This development coincides with a notable uptrend in SHIB's price and an impressive increase in trading volume. Read Also: Pro-XRP Lawyer Fred Rispoli Comments on SEC's Decision to Drop Charges Against Ripple Executives Shiba Inu Surges in Burn Rate by 567% Remarkable Milestone: The SHIB burn rate has recently reached an exceptional milestone, with an astounding 121,210,538 SHIB tokens burned on October 24th. This signifies a remarkable 567% increase compared to previous levels. The cumulative number of SHIB tokens burned now ...

Shiba Inu’s Shibarium Faces Scrutiny Over Validator Count and Token Burns

10Oct

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu’s Shibarium Faces Scrutiny Over Validator Count and Token Burns

In a recent communication via Telegram, Kusama, Shiba Inu's marketing strategist, addressed concerns within the community regarding the current state of Shibarium, the Layer 2 (L2) blockchain associated with Shiba Inu's ecosystem. The discussion primarily revolved around the number of validators on Shibarium and the burning of SHIB tokens. Read Also: Exclusive Training Opportunity with Cristiano Ronaldo: Binance's Once-in-a-Lifetime Offer https://twitter.com/LucieSHIB/status/1711412042265980959 Validator Count: Ensuring Safety Over Quantity Shibarium currently operates with just 12 validators, collectively holding 26.16 million BONE tokens, valued at approximately $19.88 million. Some community members had expressed a desire for more validators to be added to increase the amount of...

Shibarium, layer-2 network, officially goes live.

17Aug

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shibarium, layer-2 network, officially goes live.

In a monumental stride for the Shiba Inu (SHIB) ecosystem, developers have unveiled Shibarium, an advanced layer-2 network, onto the Ethereum mainnet. Serving as the bedrock of the "Shiba Inu State," Shibarium addresses the scalability hurdles faced by Shiba Inu on the Ethereum network. https://twitter.com/Shibtoken/status/1691935726244409446 Shiba Inu's Shibarium Revolutionizes Ethereum with Layer-2 Advancement This innovation, akin to other layer-2 solutions, aims to tackle Ethereum's intrinsic scalability constraints head-on. Through heightened transaction throughput and diminished fees, even outperforming Polygon (MATIC) in terms of cost-effectiveness, Shibarium aspires to elevate user experiences across decentralized applications (dApps) and transactions. Read Also: Beware of...

Shiba Inu’s Future Potential: Experts Predict Divergent Paths for the Popular Token

15Jun

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu’s Future Potential: Experts Predict Divergent Paths for the Popular Token

In 2021, Shiba Inu (SHIB) gained immense attention in the crypto scene, delivering extraordinary returns on investment for early investors. However, as the dust settled, questions arose regarding its future potential. A fact-checked research report by Finder sheds light on the opinions of 55 fintech specialists, offering insights into the anticipated performance of Shiba Inu. Shiba Inu To Repeat Its 2021 Rise Most experts surveyed in the report hold a conservative outlook for SHIB. They project that in 2025 the token will reach a value of $0.00004930, showcasing a less optimistic trajectory compared to its meteoric rise in 2021. However, some industry voices diverge from this consensus. Read Also: StaykX Set to Reintroduce XRP/STX Pool for Daily Rewards on Web3 Platform Alexander K...

Great News! Shibarium Reaches 100K Wallets

30Mar

By OLAJIDE SAMUELNo Comments

Shiba Inu

Great News! Shibarium Reaches 100K Wallets

Great news! Shibarium, the wallet for Shiba Inu cryptocurrency, has surpassed 100K wallets. This is a significant milestone for the Shiba Inu community, and it shows the growing interest and adoption of this popular cryptocurrency. The network has also processed over 194,158 transactions, with a daily transaction count of 41,688 and total blocks of 150,765. Lucie, a prominent member of the Shiba Inu community, highlighted the impressive growth in the network’s metrics today. Read Also: Terra Classic Layer 1 Team Unveils The Highly Anticipated Q2 Roadmap https://twitter.com/LucieSHIB/status/1641248016362270725 Shibarium is a secure and user-friendly wallet that allows users to store and manage their Shiba Inu tokens easily. With its simple interface and robust security featur...