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Even though there are indications that selling pressure may be increasing, Bitcoin is still rising. September is usually a bearish month for Bitcoin, but after a strong rally in September, the leading cryptocurrency is exhibiting resilience, indicating that bulls are not ready to give up just yet.
Check out which SHIB-related game is now available to Android users.
Shiba Inu is a dog-themed meme coin that was firstly launched back in 2020 and became momentarily popular and is continuously being one of the 15 biggest cryptocurrencies in the world years later. The token has been highly volatile, susceptible to trends in social media and on several occasions, endorsements by highly renowned personalities, such
Shiba Inu has made a name for itself over the years, and with each new partnership, the meme coin moves further away from the realm of being a ‘joke' to being a mainstream investment option. Once again, the team behind the popular crypto project have made a major move after announcing a brand-new partnership.
Is there a strong link between Shiba Inu's rapid whale activity surge and crypto market sustainability?
Shiba Inu has published its latest hyper-casual game, Shiboshi Rush, now available for Android users. The game, described as an action-packed adventure, was announced today by Shiba Inu's marketing lead Lucie (@LucieSHIB) via X.
As revealed thanks to data from Shibariumscan, the number of new accounts added to Shibarium, the layer-2 blockchain rollup designed for the ecosystem around popular meme-inspired cryptocurrency Shiba Inu (SHIB), has seen a staggering increase over the last day of September. In just 24 hours, the number of new accounts literally jumped 2,350%, from 20 new accounts per day to 470.
Shiba Inu, the second-biggest meme coin, has stabilized as outflows from centralized exchanges continued and whale activity increased. Shiba Inu (SHIB) rose to $0.000018, bringing the seven-day gains to 26.4% and its market cap to over $10.8 billion.
Recently, whale activity for Shiba Inu has increased by a remarkable 360% ranking it among the top cryptocurrencies, with notable increases in large investor movements. SHIB is one of the tokens that whales trade the most frequently, indicating that major investors are getting more interested in the coin.
The official Shiba Inu marketing expert known to the community under the pseudonym Lucie has published a tweet to celebrate the beginning of “Uptober” and hint that Shibarium and its DeFi system are ready for it.
Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.
Memecoins created on the Solana (CRYPTO: SOL) blockchain withstood the overall market drop on Monday to post encouraging gains. What happened: Dog-themed Bonk emerged as the best-performing billion-dollar capitalization meme coin in the last 24 hours and the third-best cryptocurrency overall, surging over 8%.
Shiba Inu (SHIB) is gaining attention in the cryptocurrency space, with analyst Michael predicting a significant price movement that could see it eliminate another leading zero. This optimistic outlook is grounded in a complex analysis based on Elliott Wave theory, suggesting the cryptocurrency is poised for a breakout.
Shiba Inu has been on an uptrend recently, after suffering losses for the better parts of the second and third quarters of the year. This recovery going into the new month plays into the high expectations for the meme coin, especially in Q4, when the altcoin's price is expected to more than double.
The SHIB burn rate has rocketed 320% recently, sparking optimism in the crypto market. Meanwhile, this development has also fueled speculations over its potential impact on Shiba Inu price, with many anticipating a potential rally in the coming days.
SHIB's Open Interest has been dwindling alongside prices in the past three days, showing muted bullish sentiment.
SHIB, the second-largest coin, plunged over 8% during Monday's U.S. market trading hours. The sharp plunge can be attributed to Bitcoin drop below $65,000, with an intraday loss of 3%.
Check out the purpose behind Shiba Inu's latest collaboration.
This flawless encryption mechanism on Shibarium's L3 version has the potential to send a gold standard in crypto.
Cryptocurrency analyst Murad Mahmudov predicted a "meme coin super cycle" in a speech at the Token 2049 conference in Singapore, arguing that these tokens are outperforming traditional cryptocurrencies and are poised for significant growth. What Happened: Mahmudov pointed out that meme coins are already dominating the market, with 13 out of the top 20 outperforming tokens being meme coins.
Shiba Inu's (SHIB) latest attempt to spark excitement among its investor base has fallen flat. On Sunday, updates were shared on the highly anticipated launch of “Shib The Metaverse.
XRP has been hovering near $0.6351, down slightly by 0.95% for the day. The coin is testing a resistance level near $0.6548, and a breakout above this could signal further gains.
The price of Shiba Inu has dropped by 8% in the past 24 hours, falling to $0.00001823 on a day when the crypto market as a whole loses 3.5%.
There seems to be a turning point for Shiba Inu as it could soon see another zero added to its price. Following a brief spike, SHIB recently pulled back, suggesting that it is having difficulty keeping up its bullish momentum.
