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Shiba Inu's social media marketing expert, Lucie, has addressed the SHIB community with a message, in which she warned them against “gambling” on new crypto tokens at this particular time.
Shiba Inu is back in the meme coin spotlight with a series of surges. But a price correction seems to be on the way. That turns attention to Shiba Shootout, a hot play-to-earn game centered around a crypto wild west.
Data provided by the Shibburn platform, which tracks transactions targeted at reducing the circulating supply of Shiba Inu, shows a gigantic plunge in the SHIB burn rate that has been observed since yesterday morning.
On-chain analytics platform Lookonchain highlighted traders booking significant profits with Solana (CRYPTO: SOL) meme coin Popcat (CRYPTO: POPCAT), which could go higher still, according to analysts. What Happened: One trader executed eight trades since Aug. 20, all of which have been profitable, resulting in a total profit of over $1 million.
This calculated move from the SHIB trader appears to have paid off and he is now holding an unrealized profit of over 67%.
Just recently, an economist predicted that both Dogecoin (DOGE) and Shiba Inu (SHIB) could reach new all-time highs in the upcoming crypto cycle, drawing attention from investors hoping to capitalize on the incoming success. However, while these well-known tokens are expected to make significant gains, this $0.
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 109% surge in large transaction volume over the last 24 hours as the market faced profit-taking.
Based on on-chain data showing an increase in whale activity, Shiba Inu looks to be close to a possible recovery. More than three trillion tokens were transferred through major transactions on SHIB in the last day, which represents a notable increase in volume.
Shiba Inu is showing signs that a potential price reversal could be underway. SHIB is currently consolidating after bouncing off important support levels following a protracted downtrend over the previous few months.
A SHIB trader who made history earning $145 million has once again caused up a stir across the broader market, primarily by switching trade positions. On-chain data on Tuesday revealed that the trader swapped his Neiro Ethereum (NEIROETH) holdings for First Neiro on Ethereum (NEIRO), sparking optimism on the token's future price movements.
"As we expected, the chart touched the box and received a bullish reaction from there. Now the rise will accelerate in these weeks," one analyst stated.
Shiba Inu (SHIB) is subtly positioning itself for a potential breakout. Recently, SHIB has risen above its 200-day exponential moving average (EMA), a crucial indicator often signaling a change in market sentiment.
Shiba Inu (SHIB) finds itself in a challenging position. Despite initial signs of recovery following a recent market crash, the digital asset has struggled to gain traction, leading to a persistent downturn in its value.
Doggy-themed meme coin, Shiba Inu (SHIB) could be on the verge of a major market downturn as recent data reveals a major crash in the cryptocurrency's whale transaction volume. This sharp decline in whale activity could have far-reaching implications for its price outlook, hinting at a possible decline.
Here's why the meme coin could be on the verge of a substantial price increase.
Crypto analyst Murad Mahmudov predicts a "meme coin super cycle" that could reshape the cryptocurrency landscape in the coming years. What Happened: In a recent podcast, Mahmudov shared his unconventional thesis on why meme coins are poised to outperform traditional crypto assets.
The official SHIB marketing lead, known under the pseudonym Lucie, has take to her account on the X social media tool (widely known as Twitter for more than a decade in the past) to stress the important role that the BONE token plays in the whole SHIB ecosystem, including Shibarium.
Shiba Inu set to continue on its bullish trajectory as the market confirms the second half of its cup and handle pattern.
Why are newer memecoins outperforming the original giants like Dogecoin and Shiba Inu?
In an unprecedented mover, rumors of a Shiba Inu ETF launch looming over the crypto horizon have set the market abuzz. On Monday, renowned on-chain tracker Whales HQ revealed that Wall Street experts anticipate a SHIB ETF launch in the near future.
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) may be mispriced, according to IntoTheBlock. As evidenced by the on-chain data, there has been a notable spike in the Large Holders Netflow metric over the past 24 hours.
Shiba Inu's (CRYPTO: SHIB) prices have spiked over the past month as burn rates continue to rise and significant developments increase bullish sentiment in the community. What Happened: Shiba Inu's burn rate has increased by 544.6% with around 5.2 million SHIB coins burned in the past 24 hours, according to Shibburn data.
SHIB tries to take off, but faces resistance head-on. Traders are ready to dive!
As the Bitcoin price reclaims the $63,000 mark, the memecoin category has experienced a strong bullish action with some tokens recording a massive surge in their respective portfolio within a short period. Following this, top meme coins such as Dogecoin and Shiba Inu have regained traction.
