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Shiba Inu (SHIB) is consolidating after a massive rally that saw its price jump as high as $0.0000303, its highest price level since April. Shiba Inu has also drastically fallen in its burn rate metric and sliding prices.
Investors who witnessed remarkable returns from Shiba Inu and Dogecoin are now focusing on a new entrant in the crypto arena. Rumors are swirling about a potential token that could deliver exceptional growth, sparking curiosity among crypto enthusiasts.
With Bitcoin price recording a drop of ~1% in the past 24 hours, the crypto market has recorded a mixed price sentiment. Moreover, some tokens have recorded a double-digit drop within hours. This highlights increased price volatility in the crypto space.
The market might need time to gain energy for a further move, according to CoinStats.
It appears that Shiba Inu is following a traditional Elliott Wave pattern, which may indicate a well-organized plan for its future actions. According to the widely used technical analysis tool Elliott Wave Theory, markets frequently exhibit a five-wave pattern during significant trends.
Dogecoin's (DOGE) market cap has overtaken XRP and USDC. It is now above both coins in the market.
The long-awaited golden cross on the price chart of Shiba Inu (SHIB) finally formed two days ago. However, the price of the popular meme-inspired cryptocurrency took a completely unexpected turn when, with the formation of this pattern, it plunged more than 16% over the next two days, going from a high of $0.00003 to $0.000023, where it found a local bottom and buyers' reaction.
"Half a billion and counting - keep it going," LUCIE stated.
Selecting the right crypto investment could be transformative, and coins like Shiba Inu (SHIB), Binance Coin (BNB), and Rollblock (RLBK) promise different upside potential. While BNB and Shiba Inu are the favorites of investors searching for explosive growth and stability, $RLBK has shown huge potential for massive returns.
The other massive loser over the past day is Cardano.
Shiba Inu (SHIB) has been on an impressive run, surging to a 7-month high of $0.00003031, and popular crypto analyst Crypto Amsterdam believes that every price dip in SHIB presents a prime buying opportunity. This recommendation comes after a series of technical developments that suggest SHIB is poised for continued upward movement, even though short-term volatility could create dips along the way.
As Shiba Inus price soared, one whale sold 100 billion SHIB, netting $2.85 million. The same whale still holds 2.5 trillion SHIB, a sign of ongoing confidence amid SHIBs 16% daily rally and anticipation of a fresh all-time high.
The Shibarium layer-2 solution, powered by Shiba Inu, crossed an incredible 500 million transactions, signaling robust network adoption. This milestone, however, has yet to impact SHIBs price significantly, with hopes pinned on market trends to fuel a rally.
After a remarkable 81% climb in under two weeks, Shiba Inu (SHIB) broke into the top 10 cryptocurrencies by market cap, reaching a peak valuation of $17.4 billion. However, a quick market pullback caused SHIB to lose ground, with Tron reclaiming its spot.
A dormant Shiba Inu whale rises & shines upon the mainstream canine coin's tremendous 49% rally.
A dormant SHIB whale sold 100 billion tokens worth $2.85 million. Despite this, the memecoin spiked by 16.34%.
During Monday's trading session, the crypto market experienced a slight cooldown as Bitcoin price reverted from $90,000. The bearish turnaround is likely a post-rally pullback meant to recuperate the exhausted bullish momentum.
Shibarium, the Ethereum-based Layer-2 scaling solution backed by the Shiba Inu (SHIB) ecosystem has recorded a huge mainnet milestone. According to data from Shibarium scan, the total transactions processed on the platform has crossed the 500 million milestone.
Shytoshi Kusama, the lead developer of the popular meme cryptocurrency Shiba Inu, has proposed a strategic initiative that could transform the United States into a global epicenter for blockchain technology.
The Shiba Inu burn rate faces new challenges, as it has recorded a massive 82% decrease. This decline comes amid a period of recovery and positive momentum for the SHIB price, raising questions about whether the meme coin can still achieve its 2021 All-Time High of $0.00008.
Shiba Inu has fallen by 7% in the past hour, dropping to $0.00002594 as the cryptocurrency market corrects in the wake of some very strong post-election gains. The post Shiba Inu Climbs to Top 10 in Trading Volume – Could It Finally Overtake Dogecoin? appeared first on Cryptonews.
Today, the popular meme-inspired cryptocurrency Shiba Inu (SHIB) saw real excitement, namely with its position onn the cryptocurrency market - in its top echelons - as it climbed into the top 10 largest cryptocurrencies by market capitalization according to CoinMarketCap, where it had long given way to Tron (TRX) and Toncoin (TON).
Shiba Inu's (SHIB) crypto price has increased by 40% in the last seven days following the broader market rally. But today, SHIB faced a roadblock as it attempted to rise above $0.000030.
Shibarium Trustwatch sounded the alarm again: check out the latest alert.
