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Tag: Shiba Inu ecosystem

Shiba Inu: Whales HODL Strong as Price Seeks Stability
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...
Shibarium: Mixed Signals as Transactions Surge But Activity Dips
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...
Shiba Inu Soars: Meme Coin Maturing into Market Contender
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...
Shiba Inu Community Grows Despite Market Dip, Eyes on Key Resistance Level
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...
Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs
Shiba Inu

Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs

Shiba Inu (SHIB), the popular meme coin, is attracting attention from market analysts who predict a significant price surge. This comes after a recent market downturn and amidst Bitcoin's (BTC) resurgence above $72,000. Analysts point to a symmetrical triangle formation on SHIB's price charts across multiple timeframes, suggesting a potential breakout. This technical indicator often precedes a major price move. Read Also: Cardano Price Prediction: Bullish Targets Up to $9.71 Envisioned by Cardano Ghost Fund Co-founder Eyes on the Prize: $0.000049 to $0.0001 World of Charts, a prominent analyst, identified a symmetrical triangle in the 4-hour timeframe. SHIB's recent climb above $0.000029 is seen as a retest of the triangle's upper trendline, potentially leading to a breakout. This ...
Shiba Inu (SHIB) Nears Critical Support Level, Potential for Revival
Shiba Inu

Shiba Inu (SHIB) Nears Critical Support Level, Potential for Revival

The cryptocurrency market witnessed sharp fluctuations today, impacting Shiba Inu (SHIB) alongside other digital assets. SHIB's price is approaching a crucial support range estimated between $0.000025 and $0.000024. This level holds significance because it aligns with previous instances where SHIB experienced growth. Critical Support for Potential Revival Analysts are closely monitoring SHIB's chart, where this specific price range emerges as a potential turning point. Historically, SHIB has demonstrated the ability to springboard from this level, suggesting a similar outcome could be on the horizon. The area also represents a robust support zone that has historically prevented steeper price drops. These support ranges typically attract buy orders, further solidifying their role in price...
Shiba Inu Burn Rate Soars But Price Dips
Shiba Inu

Shiba Inu Burn Rate Soars But Price Dips

Shiba Inu (SHIB), a meme coin based on Ethereum, saw a massive 1055% increase in its burn rate today. However, despite this seemingly positive development, the price of SHIB dropped by 2.15%. This unexpected price movement has left many investors scratching their heads. The burning of tokens is typically seen as a bullish signal, as it reduces the overall supply of a coin, which can theoretically lead to higher prices. Read Also: Meme Coins Mania Grips Crypto Market: BOME, PEPE, and ALGT Poised for Breakout Here's a breakdown of the situation Burning Surge: According to Shibburn, a tracker for SHIB burns, the community burned a whopping 50.9 million coins in the past 24 hours. This significant decrease in supply fueled optimism among some investors. Price Drop: Despite the b...
Shiba Inu Community Erupts as New Meme Coin DAMN Takes Shibarium by Storm
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Shiba Inu Community Erupts as New Meme Coin DAMN Takes Shibarium by Storm

The Shiba Inu community is abuzz with the arrival of DAMN, a meme coin launched on the Shibarium blockchain. This newcomer has taken the ecosystem by storm, surging over 39% in its first day of trading and becoming the hottest coin on DEXTools for Shibarium tokens. Read Also: Crypto Exchange BitMEX Lists XRP for Spot Trading Despite Falling Prices https://twitter.com/LucieSHIB/status/1769671939772010959 SOL Killer ignites Meme Coin Rivalry DAMN's name, "SOL Killer," playfully targets the success of meme coins on the Solana blockchain. This lighthearted jab has resonated with Shiba Inu enthusiasts, including Lucie, the project's marketing specialist. Lucie endorsed DAMN on social media, highlighting its Shibarium origin and humorous purpose. Read Also: K9 Finance (KNINE) Scor...
Shiba Inu Price Tumbles as Whale Transfers 1.24 Trillion Tokens to Exchanges
Shiba Inu

Shiba Inu Price Tumbles as Whale Transfers 1.24 Trillion Tokens to Exchanges

Shiba Inu (SHIB) has experienced a 13.15% price drop in the last 24 hours, coinciding with a massive transfer of 1.24 trillion tokens by a whale to cryptocurrency exchanges. The crypto market sell-off continues to wreak havoc, with Shiba Inu being the latest victim. The price of SHIB plunged below the crucial $0.00003 level, reaching a low not seen since early March. This dramatic drop coincides with a large whale's significant movement of Shiba Inu tokens. Read Also: XRP Struggles Now, But Analysts See Big Future: $500+ Possible? https://twitter.com/whale_alert/status/1768572445877764134 Whale Transfers Spark Sell-Off Concerns Whale Alert, a service that tracks cryptocurrency whale movements, identified a substantial transfer of SHIB to crypto exchanges Gate.io and Binance. The...
BitPay Announces Increased Limits and Broader Payment Options for Crypto Purchases in the U.K. and EU, Including Shiba Inu (SHIB)
XRP News

BitPay Announces Increased Limits and Broader Payment Options for Crypto Purchases in the U.K. and EU, Including Shiba Inu (SHIB)

Good news for Shiba Inu (SHIB) holders in the U.K. and EU! BitPay, a leading cryptocurrency payment processor, has partnered with Transak to offer higher purchase limits, additional payment methods, and increased crypto availability for customers in these regions. https://twitter.com/BitPay/status/1767906007156429115 Key Points: SHIB Purchase Limit Increased to $75,000:A significant jump from previous limits, allowing for larger SHIB purchases in a single transaction. S. vs. U.K. and EU Limits: Interestingly, the limit for U.S. customers remains at $6,000 per transaction for SHIB. A minimum Purchase of $ 5 makes SHIB more accessible to new investors by lowering the entry barrier. Multiple Payment Methods: Customers can now leverage various payment options on Transak, in...