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Tag: Shiba Eternity guide

Shiba Inu Investors Accumulate Billions as Price Eyes Upsurge
23Apr By Daniel AbangNo Comments
Shiba Inu

Shiba Inu Investors Accumulate Billions as Price Eyes Upsurge

Shiba Inu (SHIB) is experiencing a surge in investor interest, with deep-pocketed whales accumulating billions of tokens in anticipation of a significant price increase. This renewed confidence is fueled by recent price movements that indicate growing strength for the meme coin. Whale Activity Ignites Optimism A recently activated whale address grabbed headlines after amassing a staggering 237 billion SHIB tokens, valued at approximately $6.44 million. This transaction was just one of four significant acquisitions executed by the whale within a brief six-minute window. The whale's initial move involved purchasing 500 ETH (Ethereum) worth $1.59 million, followed by 101,844 FTT tokens (FTX Token) valued at over $160,000. Shortly after acquiring the SHIB tokens, the whale address further bo...
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Shiba Inu’s Shibarium Hit by Temporary Outage, Network Services Still Down
22Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu’s Shibarium Hit by Temporary Outage, Network Services Still Down

Shibarium, the layer-2 blockchain associated with Shiba Inu, experienced a temporary network outage over the weekend. The issue stemmed from networking problems among validators, entities responsible for verifying transactions and maintaining network integrity, according to a developer update from Kaal Dhairya. Read Also: Bitcoin Successfully Halves, But Price Impact Remains Unclear https://twitter.com/kaaldhairya/status/1782200776443715882 The good news is that the core network functionality has been restored. However, some Shibarium-related services, including the block explorer Shibariumscan and external RPCs (Remote Procedure Calls), are still facing downtime. Dhairya has informed the community that these services will remain unavailable until specific measures are implemented...
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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...
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Shiba Inu: Can it Reach $0.001 Despite Market Downturn?
19Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu: Can it Reach $0.001 Despite Market Downturn?

Shiba Inu (SHIB), the popular meme coin, has been caught in the wider cryptocurrency market downturn. SHIB is currently down 50% from its 2024 peak of $0.000045, reached in early March. However, despite the recent slump, SHIB remains significantly higher than its price two years ago, reflecting a year-to-date increase of 116%. Looking ahead, analysts are divided on the possibility of SHIB reaching a price of $0.001. Discussions about this ambitious target gained momentum in 2023, fueled by factors like token burning and expanding ecosystem utility. Read Also: Borroe Finance Surges as Solana Faces Downturn Several factors could potentially propel SHIB towards $0.001: Increased Utility: Wider adoption of SHIB for payments and within the Shiba Inu ecosystem could drive demand fo...
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Shiba Inu: Whales HODL Strong as Price Seeks Stability
18Apr By CryptolifedigitalNo Comments
Shiba Inu

Shiba Inu: Whales HODL Strong as Price Seeks Stability

Shiba Inu (SHIB) is experiencing a period of consolidation, with its price hovering around the $0.00002 mark. While the broader market grapples with volatility, on-chain data reveals interesting insights into whale behaviour and potential future movements. Whales Show Strong Hands According to IntoTheBlock, a significant number of whales – 397,000 addresses to be exact – are holding a combined 2.44 trillion SHIB tokens, with an average purchase price of $0.00001. This substantial holding suggests whale confidence in SHIB's long-term potential. Additionally, recent market dips haven't deterred these whales, as evidenced by their accumulation of over 223 billion tokens during the price drop to $0.000018. Read Also: Shibarium: Mixed Signals as Transactions Surge But Activity Dips Su...
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Shibarium: Mixed Signals as Transactions Surge But Activity Dips
18Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shibarium: Mixed Signals as Transactions Surge But Activity Dips

Shibarium, the Layer-2 scaling solution for Shiba Inu, is experiencing a complex mix of positive and negative trends. While daily transactions have skyrocketed, low active user numbers and a declining total value locked (TVL) paint a concerning picture. Transaction Boom, User Base Grows Daily transactions on Shibarium have exploded from a low of below 6,000 on April 10 to a staggering 562,980 at press time. This surge has pushed the total transaction count to over 416 million. The user base is also expanding, with 1.78 million wallets interacting with Shibarium since its launch. Read Also: Cardano (ADA): Can it Overcome Challenges and Reclaim its Position? Network Maturity The network appears stable, having minted over 4.26 million blocks at an average block time of 5 seconds. Addit...
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Can Shiba Inu Recover? Price Tumbles, But Ambitious Price Targets Remain
17Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Can Shiba Inu Recover? Price Tumbles, But Ambitious Price Targets Remain

Shiba Inu (SHIB), the popular meme coin, finds itself in a precarious position. After surrendering key support levels above $0.00002, SHIB is battling to stay afloat amidst a broader market downturn. Shiba Inu Faces Downward Pressure The recent market crash has pushed SHIB to the lower end of the $0.00002 zone, raising concerns about a potential drop below $0.00001. At the time of writing, SHIB is trading at $0.00002032, reflecting an 18% decline in the last 24 hours. Read Also: Solana Shines as Top Crypto Prices Rebound Investor Optimism vs. Speculative Targets Despite the bearish trend, some investors remain hopeful for a Shiba Inu rebound. Price predictions range from $0.0001 to a more ambitious $0.01. Analyst Michael expects SHIB to reach $0.0001 upon completion of its 5th Ellio...
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Shiba Inu on Sale: Investors Aim for Big Gains Despite Market Dip
13Apr By OLAJIDE SAMUELNo Comments
Uncategorized

Shiba Inu on Sale: Investors Aim for Big Gains Despite Market Dip

The recent slump in cryptocurrency prices has presented an opportunity for Shiba Inu enthusiasts to buy the token at a discount. This comes as the broader crypto market experiences a correction, with Bitcoin falling below $65,000. Market Downturn Triggers Buying Spree A key factor behind the market-wide slump is hotter-than-expected U.S. inflation data, leading investors to flee riskier assets like cryptocurrency. This triggered a drop in Shiba Inu's price, reaching a one-month low of $0.00002140 yesterday before recovering slightly. While it remains above $0.000024, SHIB is still down 11% over the past day. This decline, however, is seen as a buying opportunity by some investors participating in a "buy-the-dip" strategy. They are accumulating SHIB tokens in anticipation of a price re...
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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...
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Shiba Inu Community Grows Despite Market Dip, Eyes on Key Resistance Level
11Apr By OLAJIDE SAMUELNo Comments
Uncategorized

Shiba Inu Community Grows Despite Market Dip, Eyes on Key Resistance Level

While the broader cryptocurrency market experienced a decline on Tuesday, Shiba Inu displayed resilience, with its price dropping only slightly. This comes amidst a significant milestone for the meme coin, surpassing a whopping 4 million total addresses according to IntoTheBlock. Read Also: Shiba Eternity Gets Major Upgrade, Paves Way for Play-to-Earn Reaching New Heights: 4 Million Addresses and Beyond This achievement signifies a growing interest and potential mainstream adoption of SHIB. "Total addresses" refers to all addresses that have ever interacted with SHIB, including those currently holding it. Notably, the number of addresses with a current SHIB balance has also reached 1.3 million. This growth in both total and active addresses suggests a thriving user community and bo...
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