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The Shiba Inu meme cryptocurrency nabbed significant investor attention on Friday, fluctuating considerably after a 14% crash over the past week. Notably, the coin stretched its intraday gains to 5% recently despite the weekly charts showing a fall.
Shiba Inu Coin (SHIB) price, a popular meme coin, is anticipated to climb despite recent market setbacks. While the broader market undergoes minor corrections, Shiba Inu is making notable strides within the meme coin category, indicating robust growth trends.
Shiba Inu might be undergoing a bearish correction, but on-chain data suggests some good news and hints at something positive coming in the next few days. Particularly, on-chain data shows that the activity among large holders has spiked positively in the past 24 hours.
Shibarium, the layer-2 solution tied to Shiba Inu, has achieved a notable feat in total value locked (TVL), marking a significant milestone in its development and adoption. As of October 1, Shibarium's TVL has surged past $7 million, hitting $7.06 million according to data from DeFiLlama.
Shiba Inu (SHIB) coin is a major contender for the meme coin throne, often referred to as as the ‘Dogecoin killer' by its supporters.
The meme-inspired cryptocurrency Shiba Inu has seen its monthly burn rate soar last month by nearly 250% to 2.4 billion tokens as the price of the cryptocurrency soared around 21.9% over the last 30 days.
Last week, Shiba Inu (SHIB) price hinted at a move toward $0.000020. But over the last few days, that has not happened, as the meme coin's value is now $0.000016.
The cryptocurrency market is once again reacting to global events, with geopolitical tensions impacting popular meme coins like Floki (FLOKI) and Shiba Inu (SHIB). Following Iran's missile strike on Israel, Floki experienced a significant 10% drop, as reported by CryptoNews, raising concerns about broader market volatility.
Shiba Inu (SHIB) investors are panicking because of the meme coin's sharp reversal from recent highs amid rising geopolitical tensions in the Middle East. Some are instead shifting to a new ICO with big upside potential as a hedge.
Shiba Inu is once again making headlines with a steep decline in whale activity. The large transaction volume dropped by 35%, falling from nine trillion SHIB to just four trillion. It's making many investors nervous.
Recently, a group of brawlers triggered Shiba Inu (SHIB) marketing lead LUCIE, forcing her to state that she would defend the ecosystem. Per her X post, she addressed these critics' concerns about fraud.
In the cryptoverse, no coin is immune to fluctuating market forces. Shiba Inu hit highs of $0.000036 earlier this year but has been on a decline and is now at $0.000016.
The last day saw a significant change in the on-chain dynamics for Shiba Inu, as seen by the drop in large transaction volumes from nine trillion SHIB to five trillion SHIB. As whale activity has historically driven some of the asset's biggest price swings, this decline points to a retreat in whale activity.
As the crypto market experiences a broad correction, Shiba Inu Coin (SHIB) and Solana (SOL) are also trading downward. Despite its strong fundamentals, Investors are left wondering how a potential surge in Solana's price to $2,000 could affect Shiba Inu's performance.
Shiba Inu (CRYPTO: SHIB) is seeing rising burn rates but is struggling with bearish technical indicators foreshadowing a further drop in prices. What Happened: Shiba Inu's burn rate increased by 226.5% over the past 24 hours following the last burn transaction of 2.6 million coins around 21 hours ago, according to Shibburn data.
The SHIB marketing lead known to the community under the pseudonym Lucie has addressed the Shiba Inu army to calm down likely worries about the current “Uptober” not being quite “up” when it comes to the crypto market.
The Shiba Inu community has made significant strides in its token burn efforts, incinerating a staggering 2,378,422,108 SHIB tokens throughout September. This ambitious initiative reflects a remarkable spike in the community's commitment to reducing the circulating supply of SHIB, as evidenced by a substantial 249% increase in the monthly burn rate compared to August.
Shiba Inu (SHIB) has seen an intense price drawdown in the past 24 hours. While other important metrics like the price have dropped overnight, the SHIB burn rate just registered a sudden 229% uptick.
After a long time of inactivity, memecoins gave a breakout, but in yesterday's fall, they are back from where they started. Shiba Inu (SHIB), after touching a high of $0.000021, is back to the breakout level. Shiba Inu (SHIB) is taking support around the 20-day moving average, while the PA still looks weak.
Shiba Inu, which has landed on a crucial support level, might see a strong retrace in the short term. As of right now, the token is trading slightly above the daily chart's 100 EMA, a key technical indicator that has served as support in recent weeks.
Shiba Inu's price has taken a surprising downturn, leaving investors wondering if SHIB could crash to zero.
Both Dogecoin and Shiba Inu have emerged as major players in the meme coin world. Their light-hearted branding has proven popular in the market, catapulting them to success.
The Shiba Inu (SHIB) price crashed by 7% in the last 24 hours, alongside the drop in the broader crypto market. This downward pressure is due to external factors that put Shiba Inu's projected October rally at risk.
Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.
