SHIB metaverse Archives - Cryptolifedigital

Shiba Inu Poised for Rebound, Analyst Predicts 115% Surge

25Apr

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu Poised for Rebound, Analyst Predicts 115% Surge

Shiba Inu (SHIB) has caught the eye of analysts recently, with some predicting a significant price increase. SHIB Knight, a popular community analyst, identified a potential upswing based on technical indicators. SHIB Daily Chart Analysis SHIB Knight analyzed the daily chart, highlighting a pattern of descending candles. While this suggests a downtrend since early March's peak of $0.000045, the analyst believes a reversal is imminent. Read Also: Cardano Sees NFT Trading Surge Despite Coin Price Dip Rally and Reversal March saw a remarkable surge in SHIB's value, with a nearly fourfold increase in under two weeks. However, a subsequent bear takeover pushed the price down. The current chart pattern, according to SHIB Knight, signifies the end of the downtrend and the start of a potent...

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 Marketing Fuels Optimism in India, Despite Price Volatility

20Apr

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shiba Inu Marketing Fuels Optimism in India, Despite Price Volatility

Shiba Inu's marketing lead, Lucie, took a step to boost market confidence by highlighting a positive trend for the meme coin in India. Lucie's post on X today focused on Shibarium bridging, which became a top trending topic in India. This has sparked significant interest among Indian crypto traders, underlining Shiba Inu's growing popularity within the country. Read Also: Bitcoin Halving Triggers Volatility, But Analysts Bullish on Cardano's Future BridgeToShibarium: A Spark of Optimism Lucie's post highlighted #BridgeToShibarium trending on X in India. This trend aligns with Shiba Inu's recent introduction of PIKA and DAMN tokens, which enhance Shibarium's functionality. PIKA, the "Pre-sale Killer," automates presales on the Shibarium network, while DAMN, the "Sol-Killer," manages li...

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...

Shiba Inu Burns 88.73 Million Tokens in 24 Hours, But Price Remains Unfazed

16Jan

By CryptolifedigitalNo Comments

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...

Shiba Inu’s Soaring Outlook: Shibarium, Burns, and Whales Propel SHIB to New Heights

28Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu’s Soaring Outlook: Shibarium, Burns, and Whales Propel SHIB to New Heights

Shiba Inu (SHIB) has shown remarkable resilience in recent months, trading above the $0.00001 mark, and market analysts are speculating on even higher prices by January 2024. The canine-themed cryptocurrency has witnessed a transformative year in 2023, marked by the launch of Shibarium, significant project rollouts, and strategic token burns. Despite facing price challenges earlier in the year, SHIB has experienced a resurgence, thanks to increased whale activity and the positive impact of Shibarium. Read Also: Terra Classic Meme Contest 2023: Unleash Your Creativity and Humor in the Crypto World! Shiba Inu's 2023 Journey Shibarium Launch: The introduction of Shibarium, a Layer-2 blockchain, marked a significant milestone for Shiba Inu, helping it shed its memecoin title. This mov...

Shiba Inu’s Christmas Journey: From Trillions to Billions in Returns

27Dec

By Adaralegbe Tosin MNo Comments

Shiba Inu

Shiba Inu’s Christmas Journey: From Trillions to Billions in Returns

As the world celebrates the fourth Christmas since Shiba Inu's debut in August 2020, The Crypto Basic explores the fascinating evolution of a $1,000 investment in Shiba Inu on various Christmas days, revealing a rollercoaster ride of astronomical gains and occasional setbacks. $1k Invested in Shiba Inu on Christmas Day 2020: A Trillion-Token Turnaround On Christmas Day 2020, Shiba Inu opened trading at a fraction of a fraction of a dollar, specifically at $0.000000000168. An investor seizing the opportune moment when Shiba hit an intra-day low of $0.000000000127 would have acquired a staggering 7.87 trillion SHIB tokens. Fast forward to the present, with Shiba Inu's prevailing market value at $0.00001066, that $1,000 investment is now worth an astonishing $83,937,007. This represents an ...

Shiba Inu (SHIB) Potential Price Targets Unveiled: Evaluating Returns on 100 Million SHIB Investment

10Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu (SHIB) Potential Price Targets Unveiled: Evaluating Returns on 100 Million SHIB Investment

In the world of cryptocurrencies, particularly with meme tokens, market watchers and investors are keeping a close eye on Shiba Inu (SHIB), anticipating a potential second wave of explosive price surges. Speculation is rife, and this article delves into the prospects of significant returns for investors holding 100 million SHIB tokens, examining various price scenarios. As of the latest press time, Shiba Inu is trading at $0.00001030, allowing investors to acquire 100 million tokens for approximately $1,030. While the current price is slightly above the $1,000 mark, the real excitement lies in the potential for SHIB to experience substantial price increases. Read Also: Terra Classic (LUNC) Faces Challenges but Holds Strong Potential: Google Bard Predicts Price Movements by December 2...

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...

1Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu (SHIB) Poised for Potential 493% Rally with Confident Weekly Close

Shiba Inu (SHIB) is showing signs of a potential explosive rally, with analysts eyeing a remarkable 493% surge to the $0.00004 territory. The key to this bullish outlook lies in SHIB's ability to secure a confident weekly close above the middle band of the Bollinger Bands indicator. Recent Performance and Market Conditions Following five consecutive weekly green candles from mid-October to early November amid broader market growth, SHIB surged to $0.00000965. However, over the past two weeks, the token experienced a 12% decline, underperforming amid a relatively stagnant market. While Bitcoin reclaimed the $38,000 territory, Shiba Inu faced unique selling pressure from profit-takers, hindering substantial growth. Critical Position and Bullish Momentum Despite recent selling pressure, S...