SHIB wikipedfia Archives - Cryptolifedigital

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...

Shiba Inu Experiences Surge in Price Amidst Staggering Whale Transactions

2Jan

By CryptolifedigitalNo Comments

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...

The Explosive Rise of BONK: Unveiling the Memetic Power Behind Crypto Adoption

16Dec

By CryptolifedigitalNo Comments

Cryptocurrency

The Explosive Rise of BONK: Unveiling the Memetic Power Behind Crypto Adoption

In a recent social media commentary, Chassé illuminates the burgeoning influence of meme-inspired cryptocurrencies, identifying them as pivotal drivers in the ongoing cycle of crypto adoption. Chassé's insights point to meme tokens as instrumental in attracting newcomers to the crypto sphere, drawing parallels to past phenomena such as Dogecoin's and Shiba Inu's meteoric ascents. Read Also: Can a Weekly Stake Reward Burn Initiative Propel LUNC Towards Ecosystem Revival? Chassé's Observations Chassé underscores the transformative role of meme-based projects like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) in amplifying the adoption of cryptocurrencies. He highlights their ability to captivate individuals previously uninitiated in the crypto space, citing historical frenzies surr...

Internet Personality Damien Slash Regrets Selling Shiba Inu (SHIB) Holdings Too Soon, Missing Out on $1 Billion Gain

25Sep

By CryptolifedigitalNo Comments

Shiba Inu

Internet Personality Damien Slash Regrets Selling Shiba Inu (SHIB) Holdings Too Soon, Missing Out on $1 Billion Gain

In the volatile world of cryptocurrency, the potential for massive gains often comes with significant risks. Internet personality Damien Slash recently shared his regret over selling his Shiba Inu (SHIB) holdings prematurely, missing out on a staggering $1 billion gain. His story serves as a poignant reminder of the common phenomenon where crypto investors sell their assets too soon, only to watch their value skyrocket later. Lessons Learned from Damien Slash's Misfortune Highlight the Importance of Patience in Cryptocurrency Investment Damien Slash's journey with Shiba Inu began in January 2020 when he came across a subreddit discussing meme tokens, including SHIB. Intrigued by the token's potential, he decided to invest $2,000 in SHIB, hoping for its value to appreciate over time. Howe...

Akai Token Burns Over 800 Million Shiba Inu (SHIB) Tokens, Sparking Surge in Burn Rate

11Jul

By OLAJIDE SAMUELNo Comments

Shiba Inu

Akai Token Burns Over 800 Million Shiba Inu (SHIB) Tokens, Sparking Surge in Burn Rate

Akai Token (AKAI), a newly-emerged project, has caught the attention of the crypto community as it conducted an epic burn spree, eliminating a staggering 804 million SHIB tokens from circulation. The burn spree, initiated by Akai Token, has caused the overall burn rate to skyrocket by 8991.55% in the past 24 hours, according to data from Shibburn.com, a popular data-tracking platform. The burn spree began precisely at 02:03:23 AM +UTC on July 10th when Akai Token sent a modest 313,739 SHIB to the dead wallet in a single transaction. However, this was just the start, as Akai Token continued conducting multiple transactions to remove millions of SHIB tokens from circulation. As of the latest update, Akai Token has successfully burned 803,965,517 (803.96 million) SHIB through 102 separate ...

30Jun

By OLAJIDE SAMUELNo Comments

Shiba Inu

SHIB Burn Rate Soars Over 1,800% as Shiba Inu Community Ramps Up Efforts

In a recent turn of events, the burn rate of SHIB, the second-largest meme coin, has experienced a remarkable surge, providing a glimmer of hope to its dedicated community. Data shared by the Shibburn explorer reveals that within the past 24 hours, an impressive 50,258,924 SHIB has been successfully burned. Despite the relatively low value of this stash, estimated at $378, the significance lies in the demonstration of the community's commitment to reducing the circulating supply of SHIB, thereby increasing its scarcity. Read Also: Terraport Security Breach Unveils Significant Developments and Raises Questions About TerraCVita's Monitoring Efforts The burning of tokens, a popular practice within the cryptocurrency world, involves sending coins to wallets where they cannot be spent or ...

Shiba Inu Burn Rate Spikes 130% Over The Past 24 Hours Following The Release Of The Crypto Card

31Jul

By Cryptolifedigital1 Comment

Shiba Inu

Shiba Inu Burn Rate Spikes 130% Over The Past 24 Hours Following The Release Of The Crypto Card

The burn rate of the second-largest meme coin has been on the increase since the release of the Shiba Inu crypto card. The SHIB army has resumed their activity as the total Shiba Inu burnt is almost 1 billion per day, which in turn reduces massively the total Shiba Inu in the community. As stated by the Shibburn blockchain tracking service, the second-largest meme coin experiences a spike in the burn rate over the last 24 hours as 130% more token was destroyed by the Shib Army. Read Also: The New Solana Space Opened To Bring Thousands Of People Per Month To The Solana Ecosystem Read Also: Mirana Venture Address, A Three Arrow Capital Victim Is Dissected By Narsen, A Blockchain Analytic Firm Source: Shibburn As said earlier, the burn rate saw a spike following the release of...