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Shiba Inu (SHIB) is gaining attention in the cryptocurrency space, with analyst Michael predicting a significant price movement that could see it eliminate another leading zero. This optimistic outlook is grounded in a complex analysis based on Elliott Wave theory, suggesting the cryptocurrency is poised for a breakout.
Shiba Inu has been on an uptrend recently, after suffering losses for the better parts of the second and third quarters of the year. This recovery going into the new month plays into the high expectations for the meme coin, especially in Q4, when the altcoin's price is expected to more than double.
The SHIB burn rate has rocketed 320% recently, sparking optimism in the crypto market. Meanwhile, this development has also fueled speculations over its potential impact on Shiba Inu price, with many anticipating a potential rally in the coming days.
SHIB's Open Interest has been dwindling alongside prices in the past three days, showing muted bullish sentiment.
SHIB, the second-largest coin, plunged over 8% during Monday's U.S. market trading hours. The sharp plunge can be attributed to Bitcoin drop below $65,000, with an intraday loss of 3%.
Check out the purpose behind Shiba Inu's latest collaboration.
This flawless encryption mechanism on Shibarium's L3 version has the potential to send a gold standard in crypto.
Cryptocurrency analyst Murad Mahmudov predicted a "meme coin super cycle" in a speech at the Token 2049 conference in Singapore, arguing that these tokens are outperforming traditional cryptocurrencies and are poised for significant growth. What Happened: Mahmudov pointed out that meme coins are already dominating the market, with 13 out of the top 20 outperforming tokens being meme coins.
Shiba Inu's (SHIB) latest attempt to spark excitement among its investor base has fallen flat. On Sunday, updates were shared on the highly anticipated launch of “Shib The Metaverse.
XRP has been hovering near $0.6351, down slightly by 0.95% for the day. The coin is testing a resistance level near $0.6548, and a breakout above this could signal further gains.
The price of Shiba Inu has dropped by 8% in the past 24 hours, falling to $0.00001823 on a day when the crypto market as a whole loses 3.5%.
There seems to be a turning point for Shiba Inu as it could soon see another zero added to its price. Following a brief spike, SHIB recently pulled back, suggesting that it is having difficulty keeping up its bullish momentum.
Though September started rough for stock and cryptocurrency investors, the latter parts of the month provided a strong prelude to October, or, as many within the community call the month, ‘Uptober.'
Popular Shibburn tracking platform has spread the word about a significant increase in the SHIB burn rate that took place over the past two hours, pushing this metric's reading high into the green zone.
After months of sideways movement, the crypto industry has finally entered the euphoria phase of the cycle. Bitcoin continues to slice through resistance, and altcoins are pumping as well. There seems to be a return in the memecoin niche as well, with Shiba Inu and BONK pumping massively.
After a strong resurgence in September, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) seem set for an even stronger performance in October. What Happened: Elon Musk, a vocal supporter of Dogecoin, on Saturday tweeted an AI-generated picture of him and Donald Trump with an image of the Dogecoin dog and the inscription "Department Of Government Efficiency.
Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu ecosystem, has printed a major milestone on its mainnet. Per data insights from Shibariumscam, Shibarium's total blocks have surpassed seven million.
Bitcoin (BTC) is on the brink of reaching the much-anticipated price level of $70,000. With positive momentum building, many investors are eagerly watching how this key digital asset will perform in the coming days.
Sellers have become more active at the beginning of the week, according to CoinMarketCap.
It has just been announced that the world's second largest cryptocurrency exchange, OKX, will delist LEASH, a token from the Shiba Inu ecosystem. Along with SHIB and BONE, this token is one of the essential elements of the space around the popular meme-inspired cryptocurrency.
The memecoin is in pump by +26% in the last seven days.
The Shiba Inu (SHIB) burn rate has surged in the last 24 hours, providing a bullish outlook for the meme coin. This is also significant as it suggests that Shiba Inu bulls are again returning to its ecosystem.
SHIB is the worst-performing cryptocurrency from the top 100 club in the past 24 hours, witnessing a 4% price decline.
In an exciting new development, Shiba Inu is strengthening its security. To take its ecosystem to the next level Shiba has partnered with a leading open source cryptography company ZAMA. It is famous for building state of the art Fully Homomorphic Encryption (FHE).
