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The official marketing lead of the Shiba Inu team, who refers to herself as Lucie, has published a tweet to hint at the progress that is taking place behind the scenes at the moment.
In the course of what happened on the crypto market in the last few days, and especially in the last 24 hours, another dramatic micro-event occurred, in addition to liquidations worth hundreds of millions of dollars. It is related to the popular meme cryptocurrency Shiba Inu (SHIB), which has been displaced from 11th place among the largest cryptocurrencies by CoinMarketCap.
Shiba Inu price retested $0.000017 on June 24, a 100-day low, on-chain data suggests bear traders may tighten their grip on SHIB markets in the coming days.
The price of Shiba Inu (SHIB) has come under renewed selling pressure after breaking the lower price zone and falling to its previous low of $0.0000166.
A Shiba Inu whale reportedly sent $18.12 million of SHIB tokens to the crypto exchange Binance. The transfer may have a domino effect on other meme coins on Ethereum, leading to a cooldown of the ongoing rally.
The start of the day's trade witnessed the AI tokens leading the rally as AGIX & FET prices launched a 20% rise. As the trade progressed, the gains consolidated within a range, paving the way for the memecoins to gain the top spot.
Despite a recent cooldown in the cryptocurrency market, which has seen most of its assets stagnate or decline in price, including the sector's representative, Bitcoin (BTC), some cryptocurrencies under $1 represent a good investment opportunity for the next month, especially as the market bottom sets in.
Pepe and Shiba Inu have recently seen activities from their whale wallets, and it has resulted in spikes in exchange flows.
Shiba Inu (SHIB) has started to inspire optimism in its community amid some notable developments. The meme coin has skyrocketed 6,018.22% today in its burn rate, per token burn tracking service Shibburn.
Shiba Inu‘s (CRYPTO: SHIB) burn rate and whale transactions count spiked on early Tuesday morning, with traders predicting bullish price action ahead. What Happened: Shibburn data shows the burn rate increasing by 6,018.2% in the last 24 hours, with 10.2 million coins burned in total.
Shiba Inu, alongside the rest of the cryptocurrency market, went through significant volatility during the past few days. The meme coin is currently down 3.6% on the week and is trading at around $0.00001734.
Cryptocurrencies Shiba Inu (SHIB), Cardano (ADA) and Solana (SOL) might be on the verge of a significant price rebound. In a tweet, crypto analyst Ali pointed out that the TD Sequential indicator is presenting buy signals on the daily charts for these digital assets, suggesting that an upswing could be imminent.
The Tron network's native TRX token recently leapfrogged canine-themed meme coin Shiba Inu (SHIB) in terms of market capitalization, landing it into position as the 11th largest cryptocurrency by total value, according to data from CoinGecko. TRX's explosive move has raised the possibility that it could soon flip Cardano (ADA), which currently occupies the tenth spot.
The Bitcoin (BTC) price fell as low as $58,474 on Monday as it shuttled between its support and resistance levels. BTC has been gradually falling towards its support level after failing to break past resistance.
SHIB has bounced by 5% since reaching a 24-hour low of $0.00001646, with the Shiba Inu price returning to $0.00001709 on a day when the crypto market is down by 1%.
Shiba Inu token is up 64% so far in 2024, handily trouncing the S&P 500 and Nasdaq Composite.
The self-proclaimed Dogecoin killer Shiba Inu once again piqued significant investor interest despite today's sluggish crypto market. Intriguingly, the meme coin's price soared, defying broader market trends, primarily attributable to a 6000% upswing in its burn rate.
The meme coin crypto industry led by Pepe and Shib has dramatically reduced in valuation in the past four weeks to around $47 billion on Tuesday.
The cryptocurrency market faced considerable volatility over the past 24 hours, with Shiba Inu (SHIB) being one of the affected assets. At one point, SHIB's price plummeted by about 6.4%, reflecting the broader market's downward trend.
The relentless crypto market sell-off that has been going on for the past eight days seems to have reached an end today. At the moment, when the amount of negative news reached the maximum, and the mood of market participants would not be enough to call fear, the sales stopped for a while, and the long-awaited rebound followed.
The meme token lost its luster in a cooling cryptocurrency market.
Two whales caught the crypto community's attention with significant meme coin deposits to the crypto exchange Binance. The transactions triggered speculations among cryptocurrency enthusiasts. Are whales quitting to avoid upcoming declines? Whale moves SHIB & PEPE worth millions of dollars According to Spot on Chain, wallet Ox42a moved 1.
The total cryptocurrency market cap continued in a downtrend in the past 24 hours, led by Bitcoin (BTC), which briefly teased below $60k before stabilizing around $61k on Tuesday during the early European session. The notable cryptocurrency drop resulted in more than $300 million in total liquidations, mostly involving long traders.
The cryptocurrency market is shaking traders as prices continue to trend lower. In response to new market dynamics, Celestia (TIA) and Bittensor (TAO) investors are rebalancing their portfolios by investing in WW3 Shiba (WW3S), the world's first SocialFi meme coin with a blockchain gaming twist.
