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Tag: Shiba Inu news

Shiba Inu on Sale: Investors Aim for Big Gains Despite Market Dip
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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...
Shiba Inu Community Grows Despite Market Dip, Eyes on Key Resistance Level
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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 (SHIB) Gains Momentum and Climbs the Ranks with Major Index Inclusion
Shiba Inu

Shiba Inu (SHIB) Gains Momentum and Climbs the Ranks with Major Index Inclusion

WOO X, a crypto exchange, has joined hands with indices provider GMCI and market maker Wintermute to introduce a pioneering range of index perpetual contracts, which is seen as a significant development in the cryptocurrency trading landscape. The exchange now offers traders access to a diverse range of indices, including those linked to meme coins, top cryptocurrencies, and tokens of layer-2 networks. Read Also: Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs The GMCI MEME index is among the notable additions, which showcases the most prominent meme coins, including Shiba Inu (SHIB), Dogwifhat (WIF) and Dogecoin (DOGE). SHIB, with its market capitalization of $16.22 billion, has surged to become the 12th largest cryptocurrency overall, commanding a substantial 27% share...
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’s K9 Finance Announces Three-Phased Launch for Liquid Staking Platform
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...
Shiba Inu Burns Light Up March, Community Blazes Through 15 Billion SHIB
Shiba Inu

Shiba Inu Burns Light Up March, Community Blazes Through 15 Billion SHIB

March was a banner month for the Shiba Inu community, marked by a significant price surge and a whopping 15.64 billion SHIB tokens burned. This aggressive burning campaign represents a 2,330% increase in the monthly burn rate compared to February. Read Also: XRP Struggles to Regain $1 Glory, Analysts Divided on April Prospects Over 15 Billion SHIB Sent to the Dead Wallet Shiba Inu enthusiasts burned a staggering 15,644,329,668 SHIB tokens last month, according to data from Shibburn. This burning process effectively removes tokens from circulation, potentially influencing the token's price by increasing scarcity. The burn transactions spanned 217 individual events, with the most significant occurring on March 9th. The Shiba Inu ecosystem team initiated two separate burns on that day, t...
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 Echoing 2021? Analyst Predicts Potential Price Surge
Shiba Inu

Shiba Inu Echoing 2021? Analyst Predicts Potential Price Surge

Shiba Inu (SHIB) is showing signs that could signal a repeat of its meteoric rise in 2021, according to a recent analysis by popular crypto analyst Rekt Capital. Shiba Inu Mirroring 2021 Rekt Capital highlights striking similarities between SHIB's current price movements and its historic performance in 2021 when the token skyrocketed to an all-time high of $0.00008845. Read Also: Terra Luna Classic (LUNC) Price on the Rise: Can it Hit $2 Before Bitcoin Halving? https://twitter.com/rektcapital/status/1772607903200842207 The analyst points to a successful retest of the $0.000026 level, followed by a struggle to overcome resistance at a specific price point. This mirrors SHIB's behaviour in late 2021, where it retested a crucial support level before its monumental surge. Repeating...
Shiba Inu Search Interest Surges, Signaling Renewed Investor Optimism
Shiba Inu

Shiba Inu Search Interest Surges, Signaling Renewed Investor Optimism

Shiba Inu (SHIB) is experiencing a resurgence in interest, with Google Trends data revealing a significant increase in search queries this month. While the current popularity of "Shiba Inu" sits at 48 over 7 days, slightly below the average, it's still higher than the beginning of the year and a far cry from the peak of 100 reached on March 16th. Beyond Just "Shiba Inu": Search trends indicate a deeper dive from investors, with queries like "Why is Shiba Inu going up" and "Shiba Inu All-Time High" gaining traction. Read Also: Terra Classic (LUNC) and USTC Surge on News of Do Kwon's Release Global Appeal with Localized Spikes Shiba Inu enjoys international interest, but specific countries are driving the recent surge. Over the past 3 months, Google Trends data highlights 10 countrie...
Shibarium Eyes Top 5 Blockchain Spot, Community Collaboration Key
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Shibarium Eyes Top 5 Blockchain Spot, Community Collaboration Key

Shiba Inu's layer-2 scaling solution, Shibarium, is aiming high. Led by marketing lead Lucie's optimistic prediction of a top 5 blockchain ranking, the project is rallying its community for active participation. Shibarium: A Bumpy Start, Steady Progress Launched in August 2023, Shibarium's initial rollout faced challenges. However, the development team persevered, improving throughput and network stability. Despite a peak daily transaction count of 7.8 million, current figures hover around 593,680. The total transaction count sits at over 412 million, with a fast block time of 5 seconds. Read Also: Elon Musk Tweet Sends Dog-Themed Memecoins on a St. Paddy's Day Frenzy TVL Growth Needed, Community Activity Strong While Shibarium's Total Value Locked (TVL) of $1.59 million positions ...