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Over the past week, blue-chip assets like Bitcoin (BTC) and Ethereum (ETH), have been major topics of discussion in the cryptocurrency space — and rightfully so — after a strong positive performance week. Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have also enjoyed a fair share of the attention in the last seven days.
Against the backdrop of bullish market dynamics, Shiba Inu coin has once again nabbed considerable investor attention as the week closes. Notably, SHIB price remains poised for a 2021-like parabolic rally ahead, primarily attributable to recent ecosystem developments.
DeFi ecosystem expert has given an eye-opening investment alert that could help you make millions of dollars if you take early action. This expert has predicted the ETFSwap (ETFS) price to make a meteoric 20,700% rally from its current presale price of $0.03846 to $8 in the coming crypto market cycles.
Shiba Inu (SHIB) is now priced at about $0.00001783, just below a key resistance zone which means that the market is in a good mood. Market analysts are ready to witness another possible rally in the meme coin space.
The Shiba Inu price surged 2.7% during Friday's trading session to reach $0.000018. The bullish narrative is fueled by restoring Uptober rally sentiment as Bitcoin climbs toward $70,000.
There are still reasons to believe that Shiba Inu (SHIB) could be one of the major gainers in this market cycle despite its underperformance compared to other meme coins. These reasons relate to the meme coin's fundamentals, which paint a bullish outlook for it.
Shiba Inu (CRYPTO: SHIB) is riding a price pump off the back of Dogecoin (CRYPTO: DOGE) leading a broader meme coin rally. What Happened: On-chain intelligence firm Arkham Intelligence recently reported an unknown whale withdrawing 105.9 billion SHIB, valued at $1.99 million, from Coinbase in a transaction split into three parts.
Solid buying in the Bitcoin ETFs suggests that investors expect Bitcoin to breakout to a new all-time high. Will altcoins follow?
The price action and momentum were bullish, but the buying volume was tepid. This trend was seen in the mean coin age as well.
A look at the large transaction volumes for SHIB shows that buying pressure from whales has waned.
Leading U.S. exchange Coinbase has been hit by the withdrawal of billions of Shiba Inu (SHIB) tokens over the past 24 hours.
Data shared by the Shibburn tracker shows that this metric has demonstrated an impressive increase both on the 24-hour and weekly time frames. The SHIB army has managed to dispose of a mammoth amount of meme coins lately.
As speculation builds around Donald Trump's potential creation of the Department of Government Efficiency (D.O.G.E.), investors are on the hunt for the next big Dogecoin rival to buy.
Since last weekend, crypto buyers have returned enthusiastically, delivering the Q4 momentum many had anticipated. With Bitcoin's October performance flipping to the green, the altcoin market is gathering sufficient strength to spark a high-momentum rally.
SHIB bulls beware: here's what signals a possible correction in the short term.
NEIRO, a newly added meme coin, has been causing a stir after it reached an increase of 5400% in just a month. After being listed at a price of $0.00003109, NEIRO climbed the ranks to $0.001710 on the price charts due to market fervor.
While past Shiba Inu and XRP price surges have made the tokens a darling to most crypto investors, a new AI token has emerged and has already seen a significant price surge in its ongoing presale.
The official SHIB marketing lead who uses pseudonym Lucie has published a tweet on her X account to discuss the issue of increased FUD (a popular acronym within the crypto community that means “fear, uncertainty, doubt”) aimed at the SHIB team and the Shiba Inu ecosystem. Per her tweet, the FUD against SHIB has reached an all-time high.
At 443 trillion tokens, Shiba Inu is trading close to a crucial support level that could act as a solid safety net for the current price threshold. This extensive support zone connected to 1,633 addresses activity provides information about possible market movements.
SHIB whales on the run, Shiba Inu sees its hopes of a rebound swallowed in the ocean of crypto.
As the crypto market progresses towards Q4 of 2024, investors anxiously await the next big thing to unfold. Among the older reputed players like Litecoin (LTC) and Shiba Inu (SHIB), numerous challenges impede them.
Shiba Inus whale transactions have sharply decreased, plummeting from typical highs of four trillion SHIB to just 500 billion in the past seven days. This unexpected decline may significantly affect the tokens future price and volatility.
As it gets closer to forming a golden cross, Shiba Inu is exhibiting indicators of a possible breakout. The 50-day moving average crossing above the 200-day moving average is a bullish pattern that frequently results in a substantial increase in market momentum.
Shiba Inu is on the cusp of a significant transformation. Lucie (@LucieSHIB), the marketing lead for Shiba Inu, announced via X on October 17 that the Shiba Inu Decentralized Autonomous Organization (DAO) and the Shib Doggy DAO Foundation are “coming soon,” signaling a pivotal shift toward decentralization and community governance.
