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Shiba Inu (SHIB), the popular memecoin, is back in the news after a crypto expert issued a bold projection predicting a tenfold growth in its market capitalization. Zach Humphries outlined certain hopeful variables that might propel SHIB to a market capitalization of $100 billion, bringing its price to $0.000171—a whopping 890% increase over present levels.
Shiba Inu (SHIB) is in the spotlight in the meme coin world today as its most important metrics are in the positive zone. In particular, the SHIB burn rate has skyrocketed by 3,674% in 24 hours, sending 53,312,864 SHIB to dead wallets.
Shiba Inu's Shibarium layer-2 scaling solution is back at near-full capacity, driving renewed investor interest and increased network activity.
The value of Pepe remains under pressure, while the S.H.I.B. initiative aims to make the United States a hub for blockchain.
Strong momentum in the asset's price action is indicated by Shiba Inu's notable 30-day high. Investors have taken notice of this upward trend and many are now speculating about whether SHIB can continue to rise and possibly reach its all-time high (ATH).
Shiba Inu (CRYPTO: SHIB), the second-largest meme coin by market capitalization, surged Tuesday night, joining the broader market rally pinned on Donald Trump's increased odds of victory. What happened: The popular dog-themed cryptocurrency spiked over 10% in the last 24 hours, taking its market capitalization past $11 billion.
Shytoshi Kusama, Shiba Inus lead, has introduced the S.H.I.B. initiativea high-stakes proposal to transform the U.S. into a global blockchain leader.
Shiba Inu (SHIB) is charging ahead with a 40% rise in trading volume, signaling revived bullish momentum as it nears a golden cross formation. This potential technical breakout could spark further gains, with SHIBs price currently up 6.1% to $0.0000179.
Around $68,685, the price of Bitcoin is beginning to show indications of a possible reversal, suggesting a fresh upward trend toward or perhaps above the $70,000 mark. Following resistance close to recent highs, Bitcoin has consolidated steadily, indicating that buyers may regain control for a bullish continuation.
Shiba Inu (SHIB) faced downward pressure on Monday, slipping 1.71% over the past 24 hours to $0.00001678 amid broader market consolidation.
SHIB's detailed proposal to Kamala Harris & Donald Trump on election day accelerates a 8% rally for the canine crypto.
Shiba Inu (SHIB) price is showing signs of potential growth, with multiple indicators suggesting room for an upward trend. After 5% gains in the last 24 hours, the 7-day MVRV metric highlights that SHIB holders are near break-even, reducing immediate selling pressure and allowing space for further gains.
Pseudonymous crypto trader Nachi has voiced strong confidence in Donald Trump winning the presidential election, resulting in a bullish outlook for AI-driven meme coins, particularly Goatseus Maximus (CRYPTO: GOAT). What Happened: The trader highlighted on X that Solana (CRYPTO: SOL) meme tokens like Popcat (CRYPTO: POPCAT) and Dogwifhat (CRYPTO: WIF) have recently corrected to attractive buy levels.
Bitcoin's resilience may keep crypto unaffected by the 2024 US election. Economic trends, and not political shifts, drive crypto growth and long-term value.
Bears are not going to give up so easily, according to CoinStats.
The role of artificial intelligence in price forecasts
Today, the SHIB price appears to breathe new life with a reversal of its recent downtrend, reigniting anticipations of a bullish golden cross. The post Shiba Inu's Golden Cross Faces Resistance – What SHIB Traders Need to Know Now appeared first on Cryptonews.
TL;DR The creation of a strategic hub for blockchain innovation in the US, called SHIB, is proposed The plan includes economic incentives, talent development, advanced infrastructure and sustainable practices. The initiative seeks to position the US as a global leader in blockchain technology and sustainable development.
Shiba Inu (SHIB) has seen its fair share of ups and downs in recent weeks, but one technical indicator that traders have been eagerly anticipating—the golden cross—has faced a significant setback. A golden cross, a widely-followed bullish signal in technical analysis, occurs when a short-term moving average (like the 50-day) crosses above a longer-term moving average (such as the 200-day), signaling potential for price momentum to the upside.
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) saw more than 40% growth in trading volume today, according to data from CoinMarketCap. Currently, Shiba Inu tokens have a combined turnover of nearly $400 million on the spot markets.
The Shiba Inu (SHIB) ecosystem is seeing a positive change as Shibarium, its layer-2 scaling solution, is operating at near-full capacity again. This comeback comes after network struggles and SHIB price rebounds, showing that investors and the wider crypto community are regaining confidence.
Shiba Inu (CRYPTO: SHIB) is up 3.7% over the past 24 hours as positive news from its community bolster sentiment. What Happened: Pseudonymous lead developer Shytoshi Kusama suggested establishing a blockchain innovation hub in the U.S., inviting presidential candidates to endorse a "Silicon Valley" for the blockchain sector.
SHIB's bullish breakout shows promise, but resistance levels will determine its next move.
