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Shiba Inu has recently reached a critical support level at $0.000022. This price point is crucial for the asset as it has historically acted as both a springboard for upward movements and a barrier to prevent further declines.
CoinGate, a fintech company based in Lithuania, has boosted the utility of Shiba Inu (SHIB) by integrating it with Polygon and Binance Smart Chain (BSC).
Shiba Inu (SHIB) stands at a crossroads. With the crypto market grappling with uncertainty, the upcoming dates of May 11 and 12 hold immense significance for SHIB's journey.
Shibarium, the Layer-2 blockchain solution catering to the Shiba Inu community, has experienced a significant surge in transaction fees, marking a notable 267% increase over the past 24 hours. Data sourced from Shibariumscan indicates a substantial rise in gas commissions paid in BONE, the native token of the Shiba Inu ecosystem, from 11.57 BONE to 30.98 BONE.
In the past 24 hours, Shiba Inu has seen an absence of large transactions exceeding $1 million, indicating a period of unusually low trading activity. Such an absence of activity often implies a temporary dip in liquidity and volatility.
This past week, dog-themed cryptocurrency Shiba Inu (SHIB) witnessed a staggering 338% increase in burn rate, a strategic move that incinerated millions of SHIB tokens.
The volatility recorded in the broader crypto ecosystem impacted memecoins remarkably with the spotlight on Dogecoin (DOGE) and Shiba Inu (SHIB). With the bearish outlook, Shiba Inu slumped by 10.65% in the trailing 7-day period, dropping as low as $0.000022 in that time.
The Shiba Inu community has been abuzz with excitement following a groundbreaking announcement by the SHIB team. For the first time in history, community members will interact with the team behind the meme coin's social media account.
The rise in tokens burned has not helped SHIB rise but a slow recovery may be close.
The market keeps falling after a slight bounce back, according to CoinStats.
Shiba Inu is among the most popular meme coins, ranked 11th on the Coinmarket based on its market capitalization. As a meme coin, Shiba Inu offers a huge total supply to its users, but that has become a limiting factor for the cryptocurrency as the higher the supply is, the lesser the demand.
Amid a tumultuous global crypto market downturn, the community is currently engaged in a prevalent discussion between Shiba Inu (SHIB) and Pepe Coin (PEPE). Although both digital currencies are affected by the volatile world of cryptocurrency, their market performances show different stories.
In an exciting development, SHIB payments are set to permeate everyday transactions as Lithuanian-based fintech company CoinGate announces the integration of SHIB support for Polygon and Binance Smart Chain (BSC).
The Shiba Inu community has been alerted to a critical warning as the cryptocurrency faces significant upcoming developments. This cautionary advice comes at a time when the SHIB ecosystem is poised for growth, yet also vulnerable to the machinations of bad actors.
The meme cryptocurrency has been a distinguished sector of the crypto space as the assets under it are known to provide rapid movement in a short period. Such a high-momentum rally often attracts speculators, day traders, and short-term investors to keep these assets liquid.
Against the backdrop of a weekly price correction witnessed by Shiba Inu (SHIB), the meme coin's community appears to have recorded the destruction of a whopping 175 million tokens, instilling a ray of hope on the meme coin despite its downside momentum. Per insights revealed by the token's burn tracker, 174.93 million SHIB tokens have
One Good Samaritan splashed 24M SHIB in a single burning transaction, helping SHIB to arrive at a new support cluster.
With a staggering $50.7 billion valuation of the meme coin market, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) lead the table with more than half of the valuation. A technical analysis assisted by Benzinga Labs for the Simple Moving Average (SMA) and Relative Strength Index (RSI) indicators highlights the upcoming trend for the meme coins.
Bitcoin's failure to rise above the 20-day EMA increases the risk of a downward breakdown for BTC and many altcoins.
Prominent crypto derivatives exchange Bybit based in Dubai has released its 10th reserve certificate, issuing it for May 2024 (the time stamp on the wallets was for 4.00 a.m. UTC on that day).
The crypto trading volumes on major crypto exchanges tumbled massively in April. The trading volumes fell for the first time in seven months after Bitcoin price plummeted from an all-time high of $73,800, reported Bloomberg on Friday.
Crypto trader Unipics, also known as “Bonk Guy,” shared his bullish outlook on Bonk (CRYPTO: BONK), forecasting an imminent explosive rally. What Happened: “Bonk guy” attributes BONK's recent weakness, particularly on weekends, to the ongoing vesting of tokens to OpenBook users.
Since its launch in 2013, DOGE has not done much to add value to the ecosystem. However, the token has seen some of the largest returns of any asset over the past decade.
A bearish descending triangle pattern appeared on Shiba Inu's price chart.
