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Shiba Inu (SHIB) has experienced incredible success in its four-year history. The project has garnered a loyal fanbase which seems to be growing every year. SHIB’s popularity skyrocketed during the 2021 bull run when its price rallied by many million percent. Since its 2021 peak, SHIB’s price has somewhat struggled to gain momentum, falling victim to the general bearishness over the last two years. Also Read: Ripple Year End Price Prediction: Is XRP Claiming A New High Soon? Shiba Inu’s Current Price Movements The cryptocurrency market has faced a significant correction over the last week. SHIB’s price follows the bearish trend. The asset is down 3.9% in the daily charts 7.7% in the weekly charts, 24.4% in the 14-day charts, and 11.8% over the previous month. Despite the dip, SHIB has maintained its gains over the last year. The dog-themed cryptocurrency is up 108.5% since December 2023. Source: CoinGecko Also Read: Top 3 Cryptocurrencies That Could Rally This We...

Your guide: What is Shibarium? Are you a huge fan of Shiba Inu crypto? What about Shibarium? If you’ve wondered, “What is Shibarium?” you’re in luck. Today, we will cover this and more. Keep reading to learn more. Also read: BRICS Unveil Trade Model to Replace US Dollar Across All Members What is Shiba Inu (SHIB)? Let’s talk about Shiba Inu for a moment before we get into today’s topic. Shiba Inu (SHIB) arrived in August 2020 as a joke coin based on the Shiba Inu dog breed. But it quickly turned into a huge project run by the whole community. Unlike most cryptocurrencies, Shiba Inu operates with complete autonomy, focusing strongly on community involvement. Shiba Inu’s ecosystem has three types of tokens: SHIB, LEASH, and BONE. BONE is a governance coin. The Shiba Inu team, which is run by a pseudonymous developer named Shytoshi Kusama, has been working hard to make the ecosystem bigger. Shibarium is a game-changing update to the Shiba Inu proje...

The 1-Cent dream is alive and kicking, with most investors wanting the token to breach the $0.01 mark. However, the markets don’t run on wishes and prayers but on technical indicators and macroeconomic factors. One can wish for SHIB to hit $0.01 all their lives, but the market is king and decides its moves accordingly. Also Read: Shiba Inu: $8,000 Investment Turned Into $5.7 Billion in 400 Days Current Market Trends Since SHIB has been moving backward for three months, the $0.01 benchmark is slowly drifting away. All technical pointers indicate that Shiba Inu might never climb above $0.01 by the end of this decade in 2030. That leaves us with the next few decades and a long-term horizon of 2050, 26 years from today. Also Read: Shiba Inu: AI Predicts SHIB Price For August 20, 2024 Shiba Inu: Will SHIB Hit $0.01 By 2050? Source: Pixabay Price Predictions Leading on-chain metrics and price prediction firm CoinCodex revised its update for Shiba Inu and touched the timeline of 2050. ...

The crypto currency market has been on a rollercoaster lately. Investors were hit with a tragic downfall over the last couple of days. But things seem to be shifting for the market as most assets were painted green. Shiba Inu [SHIB] was trading at $0.00001681 following a much-needed 2.27% surge over the past 24 hours. While several were under the impression that SHIB was suffering, Santiment put out a new perspective. Shiba Inu saw a slight decoupling from other crypto currencies over the weekend, according to the platform. Following this, it has increased by a moderate 5% over the last 48 hours. The fact that exchange whale packages are getting smaller while non-exchange whales keep getting bigger will satisfy holders. More than 6.5 trillion tokens are now stored in 150 of the biggest SHIB exchange wallets than they were a month ago. In the meantime, compared to a month earlier, 150 of the biggest SHIB exchange wallets had 5.53 trillion less coins. There are several reasons why this i...

Shiba Inu (SHIB) has had an unfortunate price decline recently. In this guide, we will examine the factors behind SHIB’s crash and its potential future outlook. Also Read: Shiba Inu: How High Will SHIB Rise In July 2024 shib -s-market-plunge-mean-for-the-coin">What Does the SHIB’s Market Plunge Mean for the Coin? Current Market Performance SHIB’s price has dropped dramatically by 6% in the last 24 hours and a total of 8% decline in the last week. Furthermore, trading volumes have also hit less than $300 million, which is significantly lower than its meme coin competition. Even though the meme coin had a significant decline in value, SHIB’s burn rate has increased by over 8500%. The most likely cause for this increase could be the increased selling pressure. Also Read: Shiba Inu Gets 1st Public Company in US to Accept SHIB for Payments Factors Behind the Decline The corrections applied to the cryptocurrency market lately have heavily affected meme coins. For the same reason, th...

Shiba Inu deleted its fifth zero on Tuesday after Bitcoin climbed above the $56,000 mark. SHIB is currently trading at the $0.00001080 level and is moving in tandem with Bitcoin’s stellar performance. BTC pulled other leading cryptocurrencies up along with it and the majority of altcoins have reached a new monthly high. Also Read: Shiba Inu Predicted To Reach 50 Cents: Here’s When Now that Shiba Inu deleted its fifth zero, when will the dog-themed token delete all its zeroes and hit the $1 mark? In this article, we will highlight a price prediction on when SHIB could reach the $1 milestone. Shiba Inu: When Will SHIB Reach The $1 Milestone? Source: Freepik.com Leading on-chain metrics and price prediction firm Telegaon has painted a rosy picture for Shiba Inu. According to the price prediction, SHIB could reach the $1 mark sometime in 2050. That’s a bold prediction considering the unending 549 trillion circulating supply it currently holds. Also Read: When Will SHIB Reach 2...

In what is certainly a positive development for the ecosystem Shiba Inu (SHIB) on-chain activity has surged a remarkable 340%. Moreover, the undeniable increase was first reported by IntoTheBlock, with large transactions increasing over the last 24 hours. The development arrives as SHIB is on the precipice of a crucial turning point. Indeed, the meme coin is seeking to eliminate yet another zero from its price. Currently, the asset is still trading below the $0.00001 mark and is down more than 1% over the last 24 hours, according to CoinMarketCap. Source – Token Metrics Also Read: Shiba Inu: How To Become a Billionaire When SHIB Hits $0.01? Shiba Inu (SHIB) Seeking $0.00001 Amid On-Chain Surge The overall digital asset market has not been tremendously impressive thus far in 2024. Despite the massive height that grew towards the end of last year, few assets have been able to meet those expectations. Moreover, a plethora of assets are still trying to find their footing. ...

The cryptocurrency market started off to a good start early this year with Bitcoin touching $48,000 in January. Ethereum reached close to $2,700 leading to believe that the cryptocurrency markets could ignite a rally. Additionally, the SEC approved the Bitcoin ETF making the cryptocurrency markets attract fresh investments from trillion dollars worth of financial institutions. Therefore, the cryptocurrency sector entered the year on its best foot making investors hopeful of a price jump. Also Read: Shiba Inu Unlikely To Hit $1 In this article, we will highlight if these developments could make the cryptocurrency markets enter a bull run in February 2024. Here are the top 3 cryptocurrencies you need to watch out for this month that might generate profits in February 2024. Top 3 Cryptocurrency To Keep An Eye On in February 2024 Bitcoin Source: Reddit The king cryptocurrency slipped from $48,000 to $42,000 but is holding on to its resistance level. Bitcoin fared bette...

Finance giant Robinhood has made another significant investment in Shiba Inu. According to the crypto exchange Arkham, Robinhood added 231 billion SHIB tokens to its holdings in less than 24 hours. In her latest X post, Shiba Inu enthusiast Lola explains that while Robinhood is adding to its stash of SHIB, another exchange TradeFi has been loading up on Bitcoin. Compared to Tuesday, Robinhood ’s total SHIB went up from 36.454 Trillion to 36.684 Trillion. Source: WatcherGuru Shiba Inu is currently the third-largest crypto asset by dollar value on Robinhood . At press time, Shiba Inu is trading at $0.00000953. The latest swoop of SHIB perhaps signals that whales will begin accumulating Shiba Inu. Based on their investment, Robinhood appears to be bullish on SHIB. Also Read: Shiba Inu: How High Can SHIB Surge This Week? On-chain data from IntoTheBlock adds to the narrative of significant whale activity in the SHIB market. In particular, there has been a 1,542% ...

The Shibarium layer-2 network will officially start burning SHIB tokens from January 2024 onwards, confirmed the Shiba Inu team. The burned tokens will be sent to the dead wallet never to be recovered again. The move will help SHIB to reduce its circulating supply making the token scarce. The team confirmed in the latest blog that Shibarium will begin burning Shiba Inu tokens as soon as January 2024. Also Read: Shiba Inu: Can SHIB Reach $0.01 in 2024? This will be the first time that Shibarium will initiate its burn mechanism coming this year. The burns are highly anticipated as SHIB investors want to see trillions of tokens being taken out of supply. The more number of burns initiated on Shibarium, the better prospects for SHIB in the coming months in the charts. Shiba Inu: Shibarium Burn Mechanism To Be Fully Functional From January 2024 Onwards Source: AnalyticsInsight.com The much-awaited burn mechanism will be fully functional from January 2024 onwards. Shibarium colle...

Shiba Inu has seen a boost in price as the entire crypto market has become bearish in the past weeks. This week, Shiba Inu recorded its highest network activity and new-user acquisition in 4 months, after the team announced that Shibarium L2 will begin burning SHIB tokens. With double-digit gains and the Shibarium burn on its way, Shiba Inu’s price may be ready to skyrocket. Source: WatcherGuru Shiba Inu is already up 24.2% in the 14-day chart and 8.4% over the previous month. Once the Shibarium burn commences, SHIB circulation will shrink, thus pushing the asset further in the green. A new burn mechanism has been under development for quite some time. SHIB fans and users are still pursuing a price of $0.01 (one cent) for the asset. However, given the project’s massive supply, $0.01 seems like an unachievable target. Nonetheless, if the new burn mechanism can incinerate most of the SHIB tokens in circulation, it would make the one-cent-dream more approachable. ...

Heading into December 2023, the cryptocurrency community is closely monitoring Shiba Inu (SHIB), a notable meme coin renowned for its lively community and recent innovations such as Shibarium. Although it hasn’t surpassed Dogecoin in market capitalization within the memecoin category, SHIB has carved out a niche for itself with a dedicated and thriving ecosystem. Community Growth and Innovations Shiba Inu’s ascendancy is characterized by a flourishing and expanding community. The introduction of Shibarium stands out as a significant development contributing to SHIB’s appeal. This innovation enhances the ecosystem’s versatility, emphasizing the project’s commitment to continuous enhancement. Market Dynamics and Whale Engagement While Shiba Inu’s price has seen an upward trend this month, there are signs indicating a potential decline in whale interest. On-chain large transaction volume has reportedly dropped by 90% from its peak in early November...

In a surprising turn of events, the burn rate of the meme-inspired CRYPTOCURRENCY Shiba Inu ($ SHIB ) has skyrocketed by an astonishing 940% within 24 hours. This surge in the burn rate translates to over 164 million SHIB tokens being sent to “ dead wallets ,” effectively removing them from the circulating supply . According to data obtained from the burn tracking platform Shibburn, these substantial burns took place across 50 transactions, with one particularly noteworthy transaction incinerating a staggering 100 million SHIB tokens, significantly contributing to the surge in burn rate. This surge in burn rate coincides with heightened activity in the Shiba Inu ecosystem’s layer-2 scaling solution, known as Shibarium. The network has recently witnessed a surge in transaction levels, achieving a new all-time high shortly after its reactivation. Data from Shibarium network explorer Shibariumscan reveals that the Shibarium network’s transactions have surpas...

Shiba Inu Burn Spiked In the last 24 hours, the burn rate for SHIB (Shiba Inu) has surged by 42.62%, resulting in the destruction of around 5,312,892 SHIB tokens. A significant portion of the initial token supply, amounting to 410,648,972,754,754 tokens, has been burned. This burning process involves the permanent removal of tokens from circulation. As a result, the total supply of the token has decreased. The maximum total supply of the token is currently set at 999,989,401,792,241 tokens, indicating the upper limit of available tokens that can ever exist. The live Shiba Inu price today is $0.000008 USD with a 24-hour trading volume of $66,994,050 USD. Shiba Inu is up 0.93% in the last 24 hours. $SHIB Token transferred to Binance In a recent transfer, 4,000,379,151,023 SHIB tokens, equivalent to approximately 31,709,005 USD has been sent to Binance exchange from Shiba Staking. Recommended Articles ...