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Tag: Shiba Inu ecosystem

Shiba Inu Faces Resistance Walls on the Road to Recovery, Can Bulls Break Through?
7May By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu Faces Resistance Walls on the Road to Recovery, Can Bulls Break Through?

Shiba Inu (SHIB), the popular meme coin, is looking to climb back after a rough April. The broader cryptocurrency market is also showing signs of recovery, creating a potentially bullish environment for SHIB. However, on-chain data suggests there may be some hurdles on the way to its target price of $0.00005. SHIB's Price Rally and Upcoming Challenges SHIB has gained 7.15% so far in May, aiming to surpass its yearly high of $0.000045. However, data from IntoTheBlock's Global In/Out Money (GIOM) metric indicates potential resistance zones. The first hurdle is the Fibonacci 0.5 retracement level at $0.00002721. Once breached, SHIB faces three more sell walls before reaching $0.000045 and another before hitting a new yearly high above $0.00005. Read Also: Hoskinson and XRP: A Feud Simmer...
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Shiba Inu: Stalled Recovery or Bullish Breakout?
6May By CryptolifedigitalNo Comments
Shiba Inu

Shiba Inu: Stalled Recovery or Bullish Breakout?

Shiba Inu's (SHIB) recent recovery attempt has hit a snag as the broader cryptocurrency market loses steam. After briefly rallying 28% to $0.00002632 on May 4th, SHIB encountered resistance, mirroring a slowdown across leading cryptos like Bitcoin and Ethereum. Despite the setback, SHIB remains above the Fibonacci 0.382 support level at $0.00002311, indicating the potential for a renewed uptrend when market momentum picks up. Read Also: XRP: A Long Road to Triple Digits? Analyst Projects Ambitious Target Amidst the current market uncertainty, analyst Big Mike offers a bullish prediction for SHIB's eventual breakout. Based on a weekly chart analysis, Big Mike identifies a complex web of Elliott Wave structures guiding SHIB's price action since 2023. https://twitter.com/Michael_EW...
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Shiba Inu Whale Accumulates Billions as Crypto Platforms Stock Up on SHIB
2May By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu Whale Accumulates Billions as Crypto Platforms Stock Up on SHIB

Data from blockchain tracker Whale Alert reveals a significant movement of Shiba Inu (SHIB) tokens on May 1st. A whopping 1.75 trillion SHIB, valued at over $39 million, exited the popular American exchange Robinhood and landed in an anonymous wallet (0x73af3bcf). This transaction follows another transfer of a similar amount (875 billion SHIB) just a minute prior, also originating from Robinhood and ending up in the same anonymous wallet. Read Also: Shiba Inu Investors Eye Big Returns as Analyst Targets Remain Ambitious https://twitter.com/whale_alert/status/1785812478946955387 Wallet Shows Signs of Long-Term Shiba Inu Accumulation Further analysis using Etherscan indicates the recipient wallet has been accumulating SHIB for weeks. The address shows inflows of various digital asset...
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Shiba Inu to the Moon? Analyst Predicts $0.001 by 2025
26Apr By Adaralegbe Tosin MNo Comments
Shiba Inu

Shiba Inu to the Moon? Analyst Predicts $0.001 by 2025

Shiba Inu (SHIB), the meme-inspired cryptocurrency, has captured the attention of Bitcoin investor Anthony Pompliano, better known as "Pantoja" online. In a recent X post, Pantoja issued a bold prediction, suggesting SHIB could trade above $0.001 by 2025. This forecast represents a significant climb for SHIB, which currently sits at $0.00002459, with four leading zeros. To reach Pantoja's target, SHIB would need a staggering 3,966% increase within the next year or so. Read Also: Crypto Founders Reiterate Core Values: Beyond Trading, Towards Freedom https://twitter.com/_TallGuyTycoon/status/1782985456809865255 History Suggests Potential, But Challenges Remain While ambitious, Pantoja's prediction isn't entirely out of the realm of possibility. During the 2021 bull run, SHIB explo...
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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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Exciting News for Shiba Inu Holders: Shibarium UI Upgrade Amplifies MetaMask and Coinbase Wallet Integration
20Apr By Kayode Oke MichaelNo Comments
Shiba Inu

Exciting News for Shiba Inu Holders: Shibarium UI Upgrade Amplifies MetaMask and Coinbase Wallet Integration

The Shiba Inu development team has recently launched an updated version of Shibarium - their layer-2 blockchain platform, which now offers support for well-known cryptocurrency wallets, including Coinbase Wallet and MetaMask. By leveraging NextJS and React technologies, the update focuses on enhancing processing speed and development efficiency, offering faster interactions and better accessibility, thereby improving usability for its users. https://twitter.com/ShibariumNet/status/1781005662618620311 The latest update to Shibarium has broadened its compatibility with additional wallets, including Wallet Connect, Rainbow, and Trust Wallet, allowing users more flexibility to choose their preferred wallets. It facilitates easier access and interaction for users and aims to make the plat...
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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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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 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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