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Shiba Inu (SHIB), the meme coin that is now making waves as the purveyor of Shibarium, the Ethereum-based Layer 2 protocol, is recording an immense jump in its burn rate today. According to data from Shibburn.com, this unique meme coin metric has jumped by a massive 721%, which has seen a total of 77,423,226 SHIB tokens incinerated overnight.
Shiba Inu (SHIB) has been making headlines once again, but this time for all the wrong reasons. The popular meme token has been under sustained selling pressure, leading to a significant crack in a critical support level.
Here's a summary of the past 48 hours in crypto bits.
Shiba Inu Coin Price Prediction - SHIB price is looking very bearish after breaking $0.00000780 support. Bears may target $0.00000544 soon.
SHIB, Shiba Inu's native cryptocurrency, experienced a 36% price drop following the "Summer of Shibarium" announcement. Despite a surge in trading volumes and open interest, Bitcoin's price dropped by 13% and SHIB fell by 12%.
With Shibarium now in action, the Shiba Inu team is offering a range of services for both small businesses and big enterprises. Shibarium isn't just a trendy term in the crypto world; it's a complete and cost-effective system designed to change how businesses function.
This leading cryptocurrency exchange in India reports that SHIB and XRP are amongst its top-traded cryptocurrencies for the month of August.
Shiba Inu (CRYPTO: SHIB) has experienced a 3% surge in the last 24 hours, surpassing the performance of other notable cryptocurrencies such as Dogecoin (CRYPTO: DOGE), Pepe Coin (CRYPTO: PEPE), and Floki (CRYPTO: FLOKI). What Happened: Data from IntoTheBlock shows that large holders of Shiba Inu have acquired over $100 million worth of SHIB tokens in the past week.
SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. Shiba Inu could start a recovery wave if it settles above $0.000008.
The sustained selling pressure on Shiba Inu led to a crack of a critical support level with sellers primed for more gains.
Shibarium, the layer-2 solution of the Shiba Inu ecosystem, has been breaking records since its relaunch. Surpassing 1 million transactions and hosting over 1.1 million wallets within eight days, the network marks daily transactions at 125k.
Cryptocurrencies Shiba Inu (SHIB) and XRP have consistently been among the top-traded assets on WazirX, one of India's leading cryptocurrency exchanges. According to a recent tweet from the exchange, both SHIB and XRP were among the top three most traded digital currencies for August, along with Bitcoin.
Shiba Inu's lead developer, Shytoshi Kusama, has confirmed the ongoing work on a Burn Portal for Shibarium. This Ethereum-based layer-2 protocol is part of the Shiba Inu ecosystem.
Shiba Inu's (SHIB) layer-2 blockchain Shibarium has surpassed one million wallets for the first time since the mainnet launch in August, according to a project developer.
Will Shiba Inu's native token SHIB eventually outperform Ripple's XRP? Let's find out what the most popular AI has to say about it.
Pseudonymous crypto expert DonAlt has expressed concerns over the current state of the cryptocurrency market, highlighting its apparent lack of strength. "It's quite surprising that we had this sharp of a drop," DonAlt said in a video shared by The Daily Hodl.
In the past week, large holders of Shiba Inu, commonly known as "whales," have accumulated around $100 million worth of the cryptocurrency, according to analytics firm IntoTheBlock.
Shiba Inu lead Shytoshi Kusama has established new areas of focus as Shibarium continues to thrive after its relaunch.
In less than two weeks after its August 28 relaunch, Shibarium Network has chalked up an impressive one million wallets, according to an announcement from the Shibarium development team on Sept. 3. Despite this fast growth, the network has had its share of issues, including some early technical glitches.
A World Federation of Exchanges (WFE) survey has revealed that fewer than 50% of respondents were willing to host crypto assets without safer vehicles like exchange-traded funds (ETFs). Of the 29 surveyed, only 12 out of 29 supported crypto, with seven out of the remaining 17 interested in offering crypto in the future.
The Shiba Inu (SHIB) price closed below a crucial horizontal support level at $0.0000080. This is a sign that the trend is turning bearish.
The buzz around Shiba Inu (SHIB) reached a fever pitch during the 2020-2021 crypto bull market, with the meme coin's price skyrocketing to as high as $0.00008.
The burning of SHIB tokens has become an important part of the Shiba Inu community. Each week, tokens are sent to a ‘burn' address by community members as they try to reduce the supply of the token.
The Shiba Inu coin price in the weekly time frame chart shows a V-top reversal from the $0.00001136 level. The new lower high formed in this reversal suggests the overall trend is negative and could promote further downfall in the near term.
