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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.
The cryptocurrency space is arguably the most volatile with value, as it is evident that the prices of coins are sometimes known to change out of the blue. Shiba Inu (SHIB) and Dogecoin (DOGE) are some of the tokens that have been five years in the market and they both have good and bad moments.
The crypto universe draws another week to a close with attention-nabbing developments unfolding across the industry. Former Binance CEO CZ (Changpeng Zhao) was released from prison, whereas Bitcoin (BTC) and altcoins maintained a bullish stance over the past seven days.
In contrast to the investor's fear, September has turned out to be very bullish, especially for the Shiba Inu, as it has surged to a three-month high. It happened after the crypto market began to rise following the Fed 50 bps interest rate cut.
Doggy-themed meme coin, Shiba Inu (SHIB), could be gearing up for a major rally to new all-time highs this bull cycle. Given the cryptocurrency's recent bullish performance, analysts predict that Shiba Inu can surge above its all-time high of $0.000086.
Crypto veteran Peter Brant has become bullish on Dogecoin (DOGE). At the same time, Shiba Inu (SHIB), the second-largest meme coin's outlook is also bullish.
Shibarium has emerged as one of the major beneficiaries of SHIB's latest uptrend.
Shiba Inu has been shining this week. The second-largest meme coin emerged as the top gainer in a roundup of the top 10 crypto assets, with an impressive 36% gain over the past week.
Shiba Inu (SHIB) traded subdued on Thursday amid a quiet broader crypto market. However, despite a notable decline from its March peak of around $0.000045, SHIB has demonstrated resilience.
5 newly-launched memecoins skyrocketted towards billion-dollar valuation since the US Fed rate cut on Sept 18. Will they challenge SHIB and DOGE in Q4 2024?
In the past week, meme coins have been on a roll, with shiba inu (SHIB) leading the top five pack, gaining 35.5% against the U.S. dollar over seven days. However, the real standout was MOODENG, the meme token inspired by a baby pygmy hippopotamus from Thailand.
Shiba Inu, Pepe, and Dogwifhat led the top weekly market gainers as the total meme coin market cap rose 25%, surpassing $55 billion. Leading the weekly gainers, Shiba Inu (SHIB) surged 39% to $0.
Yes, Shiba Inu (SHIB) can drop a zero from its price in 2024, provided it can rally more than 400% from the current level of $0.0000199. However, can SHIB rally 400% in 2024?
Lucie, Shiba Inu's marketing lead, has shared a crucial development in the Layer-2 blockchain Shibarium. The marketing lead highlighted that the ecosystem had recorded a significant achievement as its total value locked (TVL) hit an all-time high (ATH).
Shiba Inu (SHIB) has seen a massive surge in trading activity this week, with its trading volume in the last 24 hours hitting an impressive $1.46 billion, equivalent to 74 trillion SHIB, according to data from CoinMarketCap.
Memecoin supercycle seems far from over after the recent altcoin surge.
Dog-themed cryptocurrency Shiba Inu surpassed the $0.00002 price point for the first time since mid-June during Friday's trading session, reaching highs of $0.00002169. Bulls attempted to extend Shiba Inu's four-day surge in Saturday's trading session with price reaching highs of $0.00002146.
A well-known crypto expert, Unipcs aka the Bonk Guy, in a recent X post noted that Shiba Inu has just hit a 3-month high. He speculates that meme-based tokens, like Shiba Inu, will insanely surge in the coming weeks. Shiba Inu's price pumped to a three-month high yesterday.
As Bitcoin broke the $65,000 barrier, altcoins like SHIB, W, and SEI rallied, fuelled by bullish market sentiment.
The pseudonymous social media marketing lead of the SHIB team known to the community as Lucie has boasted another milestone reached by Shiba Inu. This time, it was featured by fund management giant Grayscale in its weekly report.
SHIB has been skyrocketing lately, adding 42% of value in a week.
"While theoretically possible, several factors would have to align to achieve such a substantial jump before the end of 2024," the chatbot estimated.
Data shows metrics related to Shiba Inu have seen rapid growth alongside the meme coin's 34% surge, a potential sign that FOMO is developing among investors. Shiba Inu Has Seen An Uptick In Activity With Its Latest Rally In a new post on X, the analytics firm Santiment has discussed how the various indicators related to Shiba Inu have looked while its price has shot up 34% over the past week.
