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In a groundbreaking development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) approved eight Spot Ethereum ETFs on Thursday, May 23, 2024. Among those reacting to this news was Shiba Inu's lead developer, Shytoshi Kusama.
The crypto prices today journeyed through highs and lows again, with Ethereum primarily stealing the spotlight. Upon the SEC's approval of the spot Ethereum ETFs, ETH price sprinted past the $3800 price level.
In the last month, the memecoin sector underperformed compared to sectors like DePin and data services.
In a strategic move, former United States President, Donald J. Trump has announced that his presidential campaign will be accepting donations in various cryptocurrencies.
XRP's recent performance has been under intense scrutiny, especially with its inability to break through the 50 EMA and establish a foothold above it. This situation is critical for XRP as failing to overcome this resistance level raises the risk of a further correction, potentially halting the current rally.
Crypto trader and analyst Unipcs (Bonk Guy) has reiterated his bullish prediction for Dogwifhat (WIF). He made this statement while revealing the sums lost by short traders thanks to their bearish sentiment around the meme coin.
Coinbase International has announced an upcoming perpetual futures listing for Shiba Inu (SHIB) and other meme coins.
Coinbase, one of the leading cryptocurrency exchanges, has revealed plans to roll out perpetual futures contracts for three prominent meme coins: Shiba Inu (SHIB), FLOKI, and BONK. These perpetual futures contracts will be accessible for trading on Coinbase International Exchange and Coinbase Advanced platforms.
Shibarium, the Ethereum Layer 2 network developed by the Shiba Inu team, has seen some remarkable growth since it launched in 2023. With the continuous usage, the network is on its way to reaching a new major milestone amid a notable 50% in its daily transactions.
10,000 cross-bred bulls and Shibas join Shibarium to bring unprecedented yielding opportunities for crypto aficionados.
In anticipation of a possible Ethereum (CRYPTO: ETH) spot ETF approval, crypto researcher The DeFi Villain stirred excitement by reminiscing about the unprecedented bull run and 2021 alt-season, suggesting that investors might need to prepare for similar market dynamics soon. What Happened: The DeFi Villian, aka VIKTOR, suggests "animal spirits" could soon reignite crypto markets if an Ethereum spot ETF gains approval.
The official social media marketing lead of the Shiba Inu team, who calls herself Lucie, has published a statement to warn and encourage all those developers who wish to build on SHIB and the Shibarium blockchain.
Dog-themed cryptocurrency Shiba Inu (SHIB) has triggered a staggering 485% netflow spike on a seven-day basis, albeit a negative one, which adds an intriguing twist to the positive narrative.
Shiba Inu (SHIB) has seen a major reversal in its uptrend as the bid to retest the $0.00003 mark has hit a major bump. With the growth momentum stumped, the key resistance level and price volume have been hinted at by crypto analytics service provider IntoTheBlock (ITB).
As many assets in the cryptocurrency sector begin to somewhat consolidate their gains from earlier this week, Shiba Inu (SHIB) is no exception, but the crypto asset inspired by the popular doge meme could hit the price of $0.055 in the next 16 years, according to a recent prediction.
The SHIB magazine has revealed its 25th edition, where K9 and SHIB are set to grab the global limelight. Its key features included a detailed overview of the K9 finance DAO's hackathon, which aims to attract builders and developers to the Shibarium ecosystem.
There are always meme coins to avoid, that aren't worth the risk, but these three in particular could end up burning investors.
According to Shiba Inu's on-chain data, large transactions recorded have increased to 341 in the last 24 hours from 82 transactions at the week's low, implying a large increase in investors. The total volume of these large transactions amounts to 5.7 trillion SHIB, having reached the seven-day high of 8.97 trillion SHIB on May 16, 2024.
Shiba Inu (SHIB) has suffered a bearish breakdown after it failed to sustain its price growth in the past 24 hours. At the time of writing, Shiba Inu is down by 1.68% in 24 hours to $0.00002553.
Shiba Inu (SHIB) joins the major Solana-centered exchange Backpack ranks, boosting its adoption. Meanwhile, SHIB skyrockets 569% in critical metrics, with 12.7 million Shiba Inu scorched in 24 hours.
In a much-anticipated release, ‘The Shib' magazine has unveiled its 25th edition, continuing its tradition of celebrating the dynamic Shiba Inu (SHIB) community and its groundbreaking initiatives. This issue highlights the Shiba spirit in a prelude to the upcoming Blockchain Futurist Conference in Toronto, scheduled for August 2024.
Shiba Inu's burn rate has soared by nearly 570%, signaling a bullish market sentiment and potential for the price to reach $0.00003.
Bonk's liquidations pile up despite a magnificent weekly run, but a new all-time peak is still on the cards.
With the growing anticipations of an Ethereum ETF approval, the entire crypto market is on a bull run. As the altcoins pick up pace, meme coins display impressive rallies within 48 hours.
