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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.
Though September started rough for stock and cryptocurrency investors, the latter parts of the month provided a strong prelude to October, or, as many within the community call the month, ‘Uptober.'
Popular Shibburn tracking platform has spread the word about a significant increase in the SHIB burn rate that took place over the past two hours, pushing this metric's reading high into the green zone.
After months of sideways movement, the crypto industry has finally entered the euphoria phase of the cycle. Bitcoin continues to slice through resistance, and altcoins are pumping as well. There seems to be a return in the memecoin niche as well, with Shiba Inu and BONK pumping massively.
After a strong resurgence in September, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) seem set for an even stronger performance in October. What Happened: Elon Musk, a vocal supporter of Dogecoin, on Saturday tweeted an AI-generated picture of him and Donald Trump with an image of the Dogecoin dog and the inscription "Department Of Government Efficiency.
Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu ecosystem, has printed a major milestone on its mainnet. Per data insights from Shibariumscam, Shibarium's total blocks have surpassed seven million.
Bitcoin (BTC) is on the brink of reaching the much-anticipated price level of $70,000. With positive momentum building, many investors are eagerly watching how this key digital asset will perform in the coming days.
Sellers have become more active at the beginning of the week, according to CoinMarketCap.
It has just been announced that the world's second largest cryptocurrency exchange, OKX, will delist LEASH, a token from the Shiba Inu ecosystem. Along with SHIB and BONE, this token is one of the essential elements of the space around the popular meme-inspired cryptocurrency.
The memecoin is in pump by +26% in the last seven days.
The Shiba Inu (SHIB) burn rate has surged in the last 24 hours, providing a bullish outlook for the meme coin. This is also significant as it suggests that Shiba Inu bulls are again returning to its ecosystem.
SHIB is the worst-performing cryptocurrency from the top 100 club in the past 24 hours, witnessing a 4% price decline.
In an exciting new development, Shiba Inu is strengthening its security. To take its ecosystem to the next level Shiba has partnered with a leading open source cryptography company ZAMA. It is famous for building state of the art Fully Homomorphic Encryption (FHE).
The SHIB Ecosystem's “Shib the Metaverse” aims to enhance community engagement, creativity, and collaboration among SHIB holders in a borderless virtual space.
The latest update from Shiba Inu's team on ‘Shib The Metaverse,' a virtual playground within the SHIB ecosystem, has garnered noteworthy attention across the crypto landscape. SHIB's marketing lead, Lucie, revealed that the metaverse's launch on the meme coin's ecosystem is closer.
Following the last week of upside, Bitcoin (BTC) along with the broader crypto market has come under selling pressure in the early trading hours on Monday. The BTC price is down 1.97% trading at $64,536 levels as the Japanese Nikkei 225 index slides nearly 5% today.
As it approaches the $70,000 price level, Bitcoin is exhibiting strong signs of recovery more than it has in months. With its momentum suggesting more upside potential, Bitcoin's recent price action has seen it break through multiple significant resistance levels.
Shiba Inu and Dogecoin lead an explosive crypto market rally, sparking renewed investor interest in memecoins and major cryptocurrencies.
The memecoin sector is experiencing a massive shift as many memecoins are currently trading in the green region thanks to an inflow of $200 million from investors. Coins like Shiba Inu (SHIB) and PEPE have seen double-digit gains. Meanwhile, DTX Exchange has realized about $3 million in funding thanks to its latest listing on CoinMarketCap.
As October approaches, Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, may be on the verge of an epic price spike, and the SHIB community is abuzz with excitement.
Shiba Inu (SHIB) has seen its burn rate skyrocket by 5,094% over a positive week for the dog-themed cryptocurrency.
Shiba Inu has recently gone through an extremely strong rebound particularly when examined using IntoTheBlock's In/Out of the Money indicator. With the help of this metric, investors can determine how many tokens are currently profitable at any given price point, providing important context for understanding the mood of the market.
Shiba Inu, one of the biggest meme coins, has ended up among the worst-performing tokens over the past 24 hours after losing more than 3%, according to CoinGecko data.
Popular analyst Rekt Capital believes that the next few months could be life-changing as the market is breaking out of a long downtrend. If this breakout is confirmed, we could see the altcoin market shoot up and try to hit the $780 billion mark.
