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Meme coins are down 3% on the day, with the majority of the top 10 meme coins trading in the red. What Happened: While Dogecoin (CRYPTO: DOGE) is trading 2% down in the past 24 hours, Shiba Inu (CRYPTO: SHIB) is up 0.2%.
75% of SHIB investors jumped on the bandwagon more than a year ago.
K9 Finance, the official liquid staking partner for the Shibarium blockchain, has announced the successful approval of four strategic governance proposals aimed at fostering growth and sustainability within the Shiba Inu ecosystem. This outcome was achieved through a decentralized voting process involving the holders of KNINE tokens.
Against the backdrop of the impending Bitcoin halving event, which has historically triggered price rallies, Shiba Inu team member Lucie hinted at a potential supercycle for SHIB, driven by the market movements of Bitcoin.
Data shows that an impressive 75% of Shiba Inu (SHIB) token holders have kept their investments for over a year.
As the crypto community prepares for the fourth Bitcoin halving on February 20, 2024, the question of which Ethereum-based meme coin—Pepe Coin or Shiba Inu—to invest in becomes a significant topic of discussion. Both tokens share some common traits such and dedicated community and meme-inspired origins, yet their market performance and technical indicators set them
As Shiba Inus burn rate surges by 500% overnight, surpassing 774 million tokens, market watchers are eyeing a potential rebound despite the broader cryptocurrency downturn. The move is an aggressive strategy to enhance the meme coins scarcity and value.
Shiba Inu (SHIB) is in a major recovery mode as several metrics turned green, indicating the return of investor interest to the ecosystem. At the time of writing, data from CoinMarketCap pegs the price of Shiba Inu at $0.00002245, up by 2.81% in the past 24 hours.
Shiba Inu: Memecoins are once again on crypto market traders' and investors' radars as the majority of these tokens showcased signs of a recovery today, April 17. Amidst this recovery chronicle embarked upon by meme coins, Shiba Inu's SHIB and BONE Shibaswap, a Shibarium token, appear to be garnering substantial investor optimism across the global
The Shiba Inu community continues to relentlessly burn SHIB meme coins no matter what. This time, a substantial amount of SHIB has found its way into dead wallets despite the major decline in the key Shibarium metric.
Shibburn has reported a significant increase in the number of Shiba Inu (CRYPTO: SHIB) tokens being burnt on X, formerly Twitter. What Happened: The post noted that the number of SHIB tokens burned over 24 hours has shot up 25.9% to 24.36 million, while over a longer 7-day horizon, the burn rate has shot up 269.9% with 798.3 million tokens burned.
Shibarium, Shiba Inus layer-2 blockchain, has witnessed a meteoric rise. It is nearing one million daily transactions, and a 228.5% increase in activity sets a new transaction record.
In the fast-paced world of cryptocurrency, Bitcoin's meteoric rise has been grabbing headlines, but beneath the surface, a fascinating narrative is unfolding. While Bitcoin continues to impress with its bullish trajectory, six alternative cryptocurrencies have emerged as stars in their own right, outpacing the behemoth's performance.
Almost 800 million SHIB tokens were removed from circulation in the last seven days.
The crypto market has dropped to the lowest performance of 2024, where the global market cap has declined to the $2.29 trillion mark after suffering a dip of 4.59%. Compared to the few hours ago data, the market seems to have healed a little, as the global trading volume has surged $117.92 billion after a
The bounce back may have finished on the cryptocurrency market, according to CoinMarketCap.
Shiba Inu (CRYPTO: SHIB) is undergoing a market correction, but analysts remain optimistic about the coin's future prospects, bolstered by a significant increase in daily transactions. What Happened: Yomi, a prominent crypto analyst, shared his analysis of Shiba Inu's market performance in a thread on X (formerly Twitter).
SHIB price forecast: SHIB, a meme-inspired cryptocurrency, has seen a significant decline in value within the last day. The meme coin has recently been following a downward trajectory, slipping past significant support markers.
Crypto and macro researcher TradeTheFlow presented a compelling thesis on the rise of meme coins in the current crypto cycle. What Happened: In an April 12 X (formerly Twitter) thread, Flow argues that meme coins are not just a passing trend but a reflection of a broader societal shift towards financial nihilism and high-risk, high-reward investment strategies.
Shiba Inu's layer-2 blockchain, Shibarium, has soared to impressive heights, nearing the one million transaction mark in a monumental surge. Shibariumscan data reveals a staggering 228.5% increase in transaction volume within a 24-hour period, culminating in a colossal 958,440 transactions.
Shiba Inu (SHIB), the dog-themed cryptocurrency, has seen a substantial increase in its burn rate, increasing 489%.
Check out what hints that SHIB is on the verge of a bull run despite the adverse market trends.
Despite recent market turbulence, the Shiba Inu community's dedication to burning tokens has surged, with a staggering 774 million SHIB tokens burnt in just one week—a nearly 200% increase from previous rates. This intensified burning activity reflects the community's commitment to reducing token supply and potentially boosting SHIB's value.
Despite market turbulence, the Shiba Inu crypto continues to capture attention, fueled by an unprecedented burning frenzy within its community. In the face of price dips and a broader crypto market crash, the SHIB community is intensifying its efforts to burn SHIB tokens, driving a surge in burn rates.
