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Tag: Shiba Inu news

Shiba Inu Burn Rate Soars But Price Dips
28Mar By CryptolifedigitalNo Comments
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...
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Shiba Inu Echoing 2021? Analyst Predicts Potential Price Surge
27Mar By OLAJIDE SAMUELNo Comments
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...
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Shiba Inu Search Interest Surges, Signaling Renewed Investor Optimism
25Mar By Daniel AbangNo Comments
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...
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Shibarium Eyes Top 5 Blockchain Spot, Community Collaboration Key
18Mar By Onche Michael ONo Comments
Uncategorized

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 ...
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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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Shiba Inu Price Tumbles as Whale Transfers 1.24 Trillion Tokens to Exchanges
15Mar By OLAJIDE SAMUELNo Comments
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...
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BitPay Announces Increased Limits and Broader Payment Options for Crypto Purchases in the U.K. and EU, Including Shiba Inu (SHIB)
14Mar By Onche Michael ONo Comments
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...
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Shiba Inu Coin (SHIB) Experiences Bullish Run, Future Looks Bright
13Mar By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu Coin (SHIB) Experiences Bullish Run, Future Looks Bright

Shiba Inu Coin (SHIB), the meme-inspired cryptocurrency, has recently surged in popularity, marking a significant bullish trend. SHIB surpassed the $0.00003 resistance level, boasting a remarkable 250% increase in just a few days. This impressive growth has grabbed the attention of cryptocurrency enthusiasts and investors worldwide. Read Also: Terra Classic (LUNC) Gains Momentum with WEEX Listing, Eyes Dominance in Bull Run Despite the recent climb, SHIB has experienced some minor corrections. Over the past two days, its value dipped slightly to $0.00003067. Currently, SHIB trades at $0.00003275 with a trading volume of $1.61 billion over the past 24 hours. Shiba Inu's Journey: Peaks and Valleys SHIB's history is a rollercoaster ride. It reached its all-time high of $0.00008819...
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K9 Finance DAO Token (KNINE) Hits New High, Aims to Unlock Shibarium Liquidity
12Mar By OLAJIDE SAMUELNo Comments
Shiba Inu

K9 Finance DAO Token (KNINE) Hits New High, Aims to Unlock Shibarium Liquidity

K9 Finance DAO, a partner in the Shiba Inu ecosystem, recently launched its native token, KNINE. Designed for governance and yield generation, KNINE surged to a new all-time high of $0.0003543 on March 11th, representing an over 700% increase from its launch price. KNINE: Governance and Yield Opportunities KNINE token holders have the power to vote on proposals within the K9 Finance DAO. Additionally, they can earn fees and real yield generated by validators on the Shibarium network, Shiba Inu's layer-2 blockchain. These features likely fueled early investor interest. Read Also: Terra Classic (LUNC) Gains Momentum with WEEX Listing, Eyes Dominance in Bull Run Price Volatility Expected for New Token Despite the initial surge, KNINE has seen a retracement to around $0.00022. This vola...
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Shiba Inu: Weathering the Storm, but Can it Reach for the Stars?
25Jan By CryptolifedigitalNo Comments
Shiba Inu

Shiba Inu: Weathering the Storm, but Can it Reach for the Stars?

Despite the crypto market's recent bloodbath, Shiba Inu (SHIB) has shown surprising resilience. While higher-ranking tokens like SOL and AVAX took a 15% nosedive, SHIB dipped a smaller 6.85%, even experiencing a 2.85% rally in the past 24 hours. However, reclaiming the $0.00001 level lost two weeks ago remains a hurdle. Read Also: Can XRP Hit $20? Analysts Predict Rollercoaster Ride! Shiba enthusiasts, ever the optimists, dream of loftier goals – $0.0005 and even $0.01. AI chatbots, ever cautious, paint a nuanced picture. ChatGPT envisions a possible $0.0005 by 2025, thanks to wider adoption and technological advancements. Google Bard, ever practical, offers three scenarios: Bullish: $0.0005 between 2025-2026, fueled by Shibarium success and ecosystem growth. Neutral: $0.0005...
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