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Shiba Inu's (CRYPTO: SHIB) prices have spiked over the past month as burn rates continue to rise and significant developments increase bullish sentiment in the community. What Happened: Shiba Inu's burn rate has increased by 544.6% with around 5.2 million SHIB coins burned in the past 24 hours, according to Shibburn data.
SHIB tries to take off, but faces resistance head-on. Traders are ready to dive!
As the Bitcoin price reclaims the $63,000 mark, the memecoin category has experienced a strong bullish action with some tokens recording a massive surge in their respective portfolio within a short period. Following this, top meme coins such as Dogecoin and Shiba Inu have regained traction.
Shiba Inu (SHIB) price has shown remarkable growth recently. Experts are predicting a surge of 650%, reaching $0.000112.
Is SHIB ready to follow in the footsteps of the rest of the meme coin market and chart even better gains this week?
The Shiba Inu team has been one of the most active teams on social media, with marketing executive Lucie giving the community regular updates on the project.
Shiba Inu (SHIB) is starting the week positively, as all of its core metrics have lit up in green. The burn rate stands out atop a 544.55% surge, with 5,166,319 SHIB sent to dead wallets.
The downturn in Shiba Inu's value seems persistent, with no end in sight.
Shiba Inu (SHIB) has witnessed an impressive spike in trading activity, accumulating nearly $500 million in volume over the past 24 hours. This surge, which marks a 24.75% increase, has many market observers speculating about an impending bullish trend for the cryptocurrency.
Memecoins erupted Sunday, with major coins topping the daily cryptocurrency gainers list. What happened: Dog-themed token dogwifhat soared more than 16%, becoming the second-best performing cryptocurrency in the last 24 hours.
The cryptocurrency landscape shifts, Shiba Inu (SHIB) is gaining attention for its potential upward trajectory. Noted market analyst Alan Santana has outlined a bullish forecast, suggesting that SHIB could soon surpass the $0.00007 mark.
Shytoshi Kusama, the mysterious lead developer at the helm of the Shiba Inu (CRYPTO: SHIB) ecosystem, praised the UAE administration for exempting cryptocurrency transactions from value-added tax (VAT). What happened: In an X post on Sunday, Kusama responded to news of the exemption with a GIF of Vegeta, a character in the popular anime series Dragon Ball.
With indications of a potential recovery on its price chart, Shiba Inu is subtly setting itself up for a breakout. Now that SHIB is above its 200-day exponential moving average, which is frequently a crucial indicator for a change in market sentiment, it has emerged from a difficult period of consolidation and declining pressure.
Shiba Inu (SHIB) has emerged as a focal point for investors and enthusiasts alike. Recently, market analyst Alan Santana provided a bullish outlook for SHIB in a detailed analysis on Trading View.
How many Shiba Inu do you need to become a millionaire? We do the math for the Memecoin.
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) is closing the current week on a bullish note, as signaled by the Bollinger Bands indicator. Developed and named after its creator, John Bollinger, the indicator represents two dynamic lines of average maximum and minimum asset prices and the average, forming a full-fledged range.
The end of the week has turned out to be bullish for the crypto market, according to CoinStats.
Billionaire investor and tech entrepreneur Mark Cuban has sparked ire from the meme coin community with his recent remark, labeling all meme coins as potential exit scams with no real-world utility. His statement conflicts with his public support and love for the OG meme coin, Dogecoin.
Shiba Inu is gradually losing its place in the group of trillionaires. According to on-chain data, whale transactions and trading activity have significantly decreased in recent weeks, indicating a change in the momentum of this well-known meme coin.
Shiba Inu (SHIB) rallied over 5% in the last 24 hours, leaving Dogecoin (DOGE) behind, as the largest meme coin by market cap recorded lesser gains. Onchain data shows that crypto whales, considering the whale activity for both meme coins, seem to be favoring Shiba Inu over Dogecoin at the moment.
Memecoin's latest surge and upside potential could be key for its short term.
Shiba Inu is making waves after wrapping up an astounding 1,000% increase in its burn rate, Shibburn data shows. This has occurred simultaneously with a nearly 7% increase in the value of the meme coin.
Shibburn token tracker, which monitors SHIB burn transactions, has shared that this major metric of the second largest meme cryptocurrency Shiba Inu has been showing negative readings both on the daily time frame and over the last week in total.
Savvy DeFi traders are eyeing Cutoshi, a new memecoin in presale, attracting attention from Shiba Inu and Toncoin investors. #sponsoredcontent
