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Shiba Inu (SHIB) has surprisingly wriggled out of the bearish zone after its price jumped as high as 5.5% in the past 24 hours to $0.000008898, per data from CoinMarketCap. With this growth, Shiba Inu is printing its first major growth in more than a week, underscoring the possibility of the price soaring to a new high in the short term.
The on-chain metrics of Shiba Inu (SHIB) have shown that despite the enormous attempts being made by the meme coin to regain its uptrend, there are still headwinds to watch out for. Data from crypto analytics platform IntoTheBlock (ITB) has placed SHIB address profitability at 24.37%, with a total of 323,540 addresses now in the money.
After going back to the drawing board following post-spot Bitcoin ETF approval, investors seem to have weathered the sell-off and are now willing to bet on further price increases. With Bitcoin price rebounding above $40,000 from the dip to $38,540, attention is also spreading to the trending crypto to buy on Wednesday — the likes of Shiba Inu (INU) and Avalanche
Unveiled in the latest Shiba Inu Magazine, this development is a key milestone in reshaping the cryptocurrency's economic model.
In a significant development for the Shiba Inu cryptocurrency, the team behind the popular digital asset has announced the commencement of an automated SHIB token-burning mechanism. This move, revealed in the latest edition of Shiba Inu Magazine, marks a pivotal step in the evolution of the cryptocurrency's economic model.
The official Shiba Inu marketing expert @LucieSHIB has taken to the X/Twitter platform to spread the word about a transformative new mechanism for burning Shiba Inu tokens, currently being implemented on the Shibarium blockchain.
Shiba Inu's layer-2 scaling solution, Shibarium, has recently reached a new milestone after processing a total of over 300 million transactions since it was launched, as it saw a surge in daily transactions earlier this month to a peak near 8 million.
The mysterious $38,000 transaction was later attributed to a popular European crypto platform.
Dogecoin (DOGE) has continued to be speculated as the crypto token that will be picked if any crypto token is to be included in X's (formerly Twitter) payments service. Despite that, this Shiba Inu (SHIB) team member has gone ahead to make a case as to why SHIB should also be considered in X's plans.
Shiba Inu (SHIB) is the second-largest memecoin in the cryptocurrency market, losing only to Dogecoin (DOGE) in popularity and capitalization. In this context, Finbold turned to Grok's artificial intelligence (AI) to get price insights for the end of 2024.
The Shiba Inu (SHIB) price broke down from a short-term support but still holds above a long-term one.
The crypto market is dumping immensely following in the Bitcoin price footsteps as it sinks below $40,000. Since the spot BTC ETFs went live in the US, it has been a massacre for the largest crypto and the top altcoin alike.
In an exciting turn of events, Shibarium, the Ethereum-based layer 2 blockchain of Shiba Inu, has witnessed yet another crucial milestone in its overall number of transactions carried out on the platform. Shiba Inu Blockchain Latest Milestone The total number of transactions on the layer 2 blockchain has skyrocketed since Shibarium was launched, surpassing several crucial milestones.
Shiba Inu community's response to speculations about X(Twitter)'s payments platform launch could impact SHIB price action.
Shiba Inu, in a recent tweet from the official SHIB X handle, commemorates the extraordinary expansion of its layer-2 solution, Shibarium, showcasing a chart indicating a significant milestone with 300 million transactions.
Shiba Inu's layer-2 solution, Shibarium, has achieved a remarkable milestone, surpassing 300 million transactions. This significant growth reflects the continued success of Shibarium, which was developed to address Ethereum's high transaction fees and provide a scalable solution for the Shiba Inu ecosystem.
According to a recent post by Whale Alert blockchain sleuth, over the past 24 hours, its bots have tracked down a massive chunk of Shiba Inu meme coins worth almost $40 million in fiat.
Shiba Inu Price Prediction: SHIB's price has recently experienced a modest decline, as observed in the latest market activities. At present, SHIB is valued at $0.000008559, which represents a decrease of 6% in the past day.
In a new tweet, Shiba Inu celebrates the incredible growth of its layer-2 solution, Shibarium. The official SHIB X handle shared a chart depicting Shibarium transaction growth, which has now hit 300 million.
‘Dogecoin (CRYPTO: DOGE) Killer' Shiba Inu (CRYPTO: SHIB), burn rate soared by 450% in the last 24 hours. What Happened: Over 146 million SHIB tokens were permanently removed from circulation.
Shiba Inu (SHIB) has seen a much-needed recovery in its burn rate as market recovery becomes the most important pursuit. Per data from Shibburn.com, the SHIB burn rate jumped as high as 459% in the past 24 hours before settling in at 148.49% at the time of writing.
In an unprecedented surge of whale activity, Shiba Inu (SHIB) has witnessed an astonishing 1,100% increase in transactions involving massive volumes of the token. Data from IntoTheBlock reveals that over the past 24 hours, whale transactions involving SHIB have exploded, reaching an eye-popping $84.86 million.
Shiba Inu, a leading meme coin on the Ethereum blockchain, created a frenzy in the broader crypto market on Tuesday with a remarkable surge in burn activity. On-chain data from Shibburn revealed a staggering 459% increase in the SHIB burn rate, garnering considerable global attention.
Shiba Inu, one of the most prominent meme coins functioning atop the Ethereum blockchain, echoed a sense of frenzy across the broader crypto market on Tuesday, following a significant surge in burn activity recorded. On-chain data spotlighted by Shibburn showcased a whopping 459% surge in the SHIB burn rate, nabbing substantial attention globally.
