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Tag: Shiba Eternity

Shiba Inu Frenzy: Burning Bright Despite Market Gloom
16Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu Frenzy: Burning Bright Despite Market Gloom

Shiba Inu (SHIB), the popular meme coin, is defying the odds. Even as the broader cryptocurrency market experiences a downturn, the SHIB community is burning tokens at an unprecedented rate, aiming to reduce supply and potentially boost the coin's value in the long run. Read Also: XRP: Analysts Predict Double-Digit Price Surge, With Some Eyeing a Whopping $1,000 This burning frenzy has seen over 774 million SHIB tokens eliminated from circulation in the past week, a staggering 200% increase. The daily burn rate has also skyrocketed by nearly 490%, reaching $19.34 million in the last 24 hours. This burning enthusiasm stands in stark contrast to traditional inflationary models in the cryptocurrency space. Price Dips Amidst Market Volatility While the price of SHIB has dipped 7.46% to...
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Shiba Inu Soars: Meme Coin Maturing into Market Contender
15Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu Soars: Meme Coin Maturing into Market Contender

Shiba Inu (SHIB), the popular meme coin, is captivating investors and enthusiasts with predictions of significant growth in 2024. Analysts suggest that SHIB could surpass its current price and reach as high as $0.000098. Read Also: Shiba Inu Content Specialist Unveils Criteria for Endorsing Shibarum Projects Strong Community Engagement and Investor Confidence Fuel Growth Fueling this anticipated surge is a potent mix of strong community engagement and rising market interest. SHIB once dismissed as an internet fad, is now a serious player in the cryptocurrency arena. This shift isn't just reflected in numbers; it's a growing investor confidence that sees SHIB as more than speculation. Resilient Trading Positions SHIB for Potential Takeoff Despite the inherent volatility of cryptocurr...
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Shiba Inu Price Sinks: Can the Meme Coin Make a Comeback?
13Apr By Onche Michael ONo Comments
Shiba Inu

Shiba Inu Price Sinks: Can the Meme Coin Make a Comeback?

Shiba Inu (SHIB) has experienced a rough 24 hours, plummeting over 17% to a low of $0.00002287. This decline follows Bitcoin's (BTC) ongoing correction and pushes SHIB down over 32% from its 30-day high of $0.00003365. Despite the bearish market, SHIB remains above price points not seen since 2022. This has led some prominent entities to maintain optimism about a significant recovery, even suggesting bold price targets and timelines. Read Also: Mystery Surrounds Sudden Release of Half Billion XRP from Ripple Escrow Reaching for the Stars: How Long Until Shiba Inu Hits $0.0052? Currently trading with four leading zeros, reaching $0.0052 would require SHIB to eliminate two zeros. Analysts at Changelly believe this could take nearly two decades, pinpointing 2040 as a potential target ...
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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 Eternity Gets Major Upgrade, Paves Way for Play-to-Earn
11Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Eternity Gets Major Upgrade, Paves Way for Play-to-Earn

Shiba Inu's Shiba Eternity, the popular meme-coin-inspired collectable card game (CCG), received a significant update focused on enhancing gameplay and laying the groundwork for the highly anticipated play-to-earn (P2E) feature. Improved Performance and Bug Fixes The update addresses several pain points reported by players. The functionality of the Princess Andromeda card has been rectified, eliminating issues it previously caused. Additionally, lag induced by Stealth Fighter cards is a thing of the past. These improvements ensure a smoother and more enjoyable experience for Shiba Eternity players on both Android and iOS devices. Read Also: Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens Shiboshi and Kibble Revamp on the Horizon: The u...
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Shiba Inu’s K9 Finance Announces Three-Phased Launch for Liquid Staking Platform
5Apr By CryptolifedigitalNo Comments
Shiba Inu

Shiba Inu’s K9 Finance Announces Three-Phased Launch for Liquid Staking Platform

K9 Finance, a partner within the Shiba Inu ecosystem, has revealed a three-stage rollout plan for its liquid staking platform on Shibarium. This roadmap highlights K9's commitment to enhancing Shibarium's decentralized finance (DeFi) offerings. Three Stages for K9 Finance Launch Shiba Inu's community magazine, SHIB, unveiled K9 Finance DAO's roadmap, detailing the upcoming launch phases. The highly anticipated mainnet launch of K9's decentralized application (dApp) will occur throughout 2024. Read Also: Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens The first phase, dubbed "Hesper," is scheduled for late Q2. Named after ancient dog ancestors, Hesper represents the foundational beta version of the K9 dApp. This initial stage prioritize...
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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...
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Shiba Inu Burns Rise Despite Token Price Slump
2Apr By OLAJIDE SAMUELNo Comments
Uncategorized

Shiba Inu Burns Rise Despite Token Price Slump

Shiba Inu (SHIB) has experienced a rough start to April, with its price dropping over 11% since the beginning of the month. However, amidst the bearish trend, there's been a surge in SHIB burning activity by the community. The most significant burn came from an unknown user who incinerated a whopping 105.46 million SHIB tokens in a single transaction, valued at roughly $2,833. This burn occurred on April 2nd at 5:15 AM UTC. Interestingly, the user's wallet had been dormant for 141 days before this activity. https://twitter.com/shibburn/status/1775030689710080444 Community Steps Up Burning Efforts Overall, the Shiba Inu community burned a total of 110.47 million SHIB tokens in the past 24 hours, amounting to $2,968. This figure represents a significant increase in burning activity compa...
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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...
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Shiba Inu (SHIB) Sees Whale Accumulation Amidst Market Downturn
18Mar By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu (SHIB) Sees Whale Accumulation Amidst Market Downturn

Shiba Inu (SHIB), the popular meme coin, is experiencing a surge in activity from large investors, known as whales. This accumulation trend comes despite a recent market downturn caused by inflation concerns. Whale Activity Fuels Bullish Sentiment Data from IntoTheBlock reveals a significant 602% increase in large holder net flows for SHIB. This suggests that whales actively buy SHIB tokens, potentially signalling confidence in the cryptocurrency's future. The buying pressure from whales can encourage other investors to follow suit, pushing the price upwards. Read Also: Terra Luna Classic Gears Up for Major Chain Upgrade: Unanimously Approved Proposal Marks Milestone SHIB Price Movement While the broader cryptocurrency market faced downward pressure, SHIB defied the trend with a 6% ...
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