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With thousands of distributed apps, NFT initiatives, and DeFi ecosystems, Ethereum(ETH) has remained the pillar of the crypto scene. However, as its price trend points towards a possible jump to $12,000, investors are searching for ways to maximize their gains beyond simply owning Ethereum.
Shiba Inu (CRYPTO: SHIB) continues its aggressive token burn strategy, aiming to reduce supply and drive price appreciation. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001646 $9.7 billion +1.5% +7.7% Dogecoin (CRYPTO: DOGE) $0.2678 $39.7 billion +4.4% +5% Pepe (CRYPTO: PEPE) $0.00001013 $4.3 billion +4.4% +6.5% Trader Notes: ‘Dogecoin millionaire' Glauber Contessoto warns that the crypto market has become oversaturated with new meme coin launches, making it chaotic and difficult to navigate.
Mysterious transfer activity continues to happen with the popular meme-inspired cryptocurrency Shiba Inu (SHIB). Once again, it was spotted on a leading digital assets exchange in the U.S. - Coinbase.
Shiba Inu burn rate took off 2000% on Friday, boosting market sentiment for the asset despite a broader crypto sector slump. Recent burn metrics highlighted that the massive surge stands primarily attributable to roughly 14 million coins removed from the asset's market supply in a day.
Shiba Inu (SHIB) has seen a major bounce in the burn rate metric, a trend that pares off the downturn recorded in the past few days. According to data from Shibburn, the SHIB burn rate jumped by 2,004.92% in 24 hours.
SHIB buyers are back after defending the price at a key support. Key Support levels: $0.000014 Key Resistance levels: $0.000018; $0.000020 1.
Shiba Inu is showing signs of a reversal after a week of descending performance. The death cross formation is certainly providing even more pressure to the asset and might become an issue.
Shiba Inu (SHIB) has gained 8% over the past week, attempting to recover from a 25% monthly decline. With a $9.5 billion market cap, SHIB aims to reclaim the $10 billion mark, solidifying its position as the second-largest meme coin after Dogecoin (DOGE).
Shiba Inu's daily chart has confirmed a death cross. When the 50-day moving average crosses below the 200-day moving average, it creates this technical pattern that signals investors about the continuation of the downtrend.
Meme coins are surging once again, with Shiba Inu leading the rally, but a smart investor's insights reveal a hidden opportunity beyond Shiba Inu. While Shiba Inu's gains attract traders, true crypto millionaire potential lies elsewhere that holders can't reach.
Shiba Inu's large transaction volume currently paints a bearish picture for the second-largest meme coin by market cap, have recorded a significant crash. This has raised concerns that the whales may be losing confidence in the meme coin's potential, a development that could impact SHIB's future trajectory significantly.
Shiba Inu (SHIB) price is up 8% in the last seven days as it attempts to recover from a 25% decline over the past month. Currently sitting at a $9.5 billion market cap, SHIB is working its way back toward the $10 billion mark, solidifying its position as the second-largest meme coin, only behind Dogecoin (DOGE).
A successful retest above $0.000017 could propel Shiba Inu by 18% and take it toward the $0.000020 level.
Shiba Inu's Layer-2 scaling solution, Shibarium, is quickly approaching a significant milestone—reaching one billion transactions. This achievement highlights the continued growth of Shiba Inu's ecosystem and could have important implications for SHIB's price, potentially affecting both its adoption and demand.
As crypto faces declines, WallitIQ turns green, with predictions of a massive surge, attracting early investors. #partnercontent
According to the figures shared by the prominent blockchain tracker Shibburn, since last morning, one of the key metrics of the meme cryptocurrency SHIB has demonstrated a massive decline.
Shiba Inu (SHIB) has gained 2% in the past 24 hours, with technical indicators flashing a strong buy signal that could fuel further upside in the near term.Over the past week, SHIB has also posted a 2.6% gain, showing resilience despite broader market volatility. However, like most meme coins, SHIB remains down 23.4% year-to-date.
The recently released Consumer Price Index (CPI) summary shows that inflation has risen marginally, which led Bitcoin to move up in value by single digits. Altcoins, however, experienced more of an impact as BNB price pumped by more than 13% in the last 24 hours.
The price action of the Shiba Inu (SHIB) coin in recent days has been far from inspiring, or even reasonable. After a series of ups and downs, the price of the popular meme cryptocurrency is back where it was at the beginning of the week - at $0.0000162 per SHIB.
Shiba Inu (SHIB) Price has risen to $0.000016 as it achieved a minor price increase. Multiple market participants remain focused on meme coins including SHIB which has prompted them to evaluate the possibility of SHIB performing a substantial market uptrend.
Dogecoin (CRYPTO: DOGE) has notably outpaced Shiba Inu (CRYPTO: SHIB) over the past 12 months, kickstarting a debate on social media over what drives this performance. The apex meme coin has surged 218% over the past year, outpacing Shiba Inu's 73% gains.
For a good reason, crypto enthusiasts love meme currencies. With their rapid rallies, Pepe Coin (PEPE) and Shiba Inu (SHIB) have made news turning little investments into life-changing rewards. Though many tokens flourish on buzz and community support, they lack the foundations for sustained development.
Dog-themed cryptocurrency Shiba Inu (SHIB) has reclaimed a higher spot in the crypto rankings, surpassing Toncoin (TON) in market capitalization as its price shows early signs of a potential rebound.
As on-chain data shows a sharp drop in whale transactions, Shiba Inu is still having difficulties. Nearing zero activity, the number of large SHIB transfers has fallen by 93%.
