Shiba Inu (SHIB) Price to Benefit From the Potential Accumulation Ahead
Shiba Inu's (SHIB) price is noting the potential for recovery since investors, frustrated with losses, could be reinitiating accumulation.
Keep up with what's happening in the crypto world in real-time.
Shiba Inu's (SHIB) price is noting the potential for recovery since investors, frustrated with losses, could be reinitiating accumulation.
The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets.
The Popcat (POPCAT) meme coin has experienced a price increase of over 90% this week. Over the past 14 days, Popcat (POPCAT) has witnessed a solid bullish momentum, rising by 113.8%, while established meme coins like DOGE and SHIB record price declines.
Most coins are trading sideways on the last day of the week, according to CoinMarketCap.
Floki Inu (FLOKI) has issued a strong warning to its community, letting investors know about potential scams targeting the popular meme token. Thus, the official X account posted a notice on its official channels, saying that scammers are saying that Floki tokens are available on platforms like Base or Solana when they are not.
Shiba Inu (SHIB) has garnered attention not just for its cute canine mascot, but also for its potential to turn modest investments into substantial wealth. With recent market fluctuations impacting SHIB's price, investors are eyeing scenarios where 500 million tokens could translate into million-dollar fortunes.
Shiba Inu (SHIB) has experienced an impressive surge in its daily SHIB burn rate, skyrocketing by 243%. Despite this significant increase, the price of SHIB has remained relatively stagnant, barely moving and remaining in a tight range over the past two days.
The activity of Shiba Inu whales might finally be returning to adequate levels after the drop we witnessed that was followed by the poor performance of the SHIB token on the market. Things are developing rapidly, and you should not stop watching the on-chain data for SHIB.
Coinbase is expanding its derivatives exchange by introducing futures contracts for popular altcoins, including Shiba Inu, Polkadot, Stellar, Avalanche, and Chainlink.
The foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) have failed to show any sign of life following the recent market decline. These crypto tokens have traded sideways despite other altcoins enjoying relief bounces.
According to data shared by the Etherscan blockchain tracker, over the past few hours, anonymous whales have transferred tens of billions of Shiba Inu meme coins to large U.S.-based crypto exchanges Coinbase and Kraken.
Amid this week's consolidation, the Shiba Inu price is hovering above the $0.0000163 level, trying to stabilize above multi-month support. The SHIB price in the daily chart producing alternative green and red candles shows no clear initiation from buyers or sellers.
Coinbase Derivatives exchange has applied to the Commodities Futures Trading Commission (CFTC) to list Shiba Inu futures on its platform. In the application letter dated June 28, 2024, the exchange said it aims to have the futures contract listed by July 15.
Shib coin news: With Bitcoin hovering around $60,000 and Shiba Inu striving to reach the significant $0.000020 mark, what does the future hold for SHIB price?
Memecoin's short-term price action may be dictated by a few key factors.
Ever since the crypto markets gained strength and triggered a healthy upswing, the memecoins have ranged within no time. Of all the tokens, WIF, FLOKI, and BOME prices have been displaying acute strength, while PEPE and BONK follow the trend.
America's largest crypto exchange, Coinbase has revealed plans to list popular doggy-themed cryptocurrency, Shiba Inu (SHIB) for its futures contracts. The exchange has submitted an official filing to the Commodity Trading Futures Commission (CFTC) to begin trading as soon as possible.
SHIB's official marketing lead, Lucie, has taken to her X (formerly known as Twitter) account to warn the vast global Shiba Inu community about the risks they are facing at the moment. In particular, risks relate to the TREAT token - mainly because it has not been released yet.
The Shiba Inu community is experiencing a wave of mixed emotions. On the bright side, the long-awaited Shibarium, the project's layer-2 blockchain, is gaining traction with a significant transfer of tokens and a surge in transaction volume.
Shiba Inu (SHIB) has seen a massive blowout in its burn rate, which jumped by more than 1,072% in 24 hours. Per data from Shibburn, this burn rate has seen a total of 19,761,244 SHIB erased from circulation.
Dog-themed cryptocurrency Shiba Inu (SHIB) could be a candidate for a price rebound if a key indication from on-chain data comes true.
The leading dog-themed meme coin, Shiba Inu price dropped today by more than 1%, amid a dip in the broader crypto market. In addition, the meme coins sector also noted a dip, along with major cryptos like Dogecoin, PEPE Coins, and others.
One of the most popular meme cryptocurrencies, Shiba Inu (SHIB), has ended June with its worst performance since May 2022. By the end of the month, SHIB's price had dropped over 33%, reaching $0.000017.
Coinbase has filed for regulatory approval from the Commodity Futures Trading Commission (CFTC) to offer futures on several altcoins, including SHIB and AVA. This move aims to enhance trading options and attract more institutional investors, with the new futures potentially starting as early as July 15.
