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Did you know, the Founder of Shiba Inu, with a pseudonym Ryoshi, had planned a stable coin in the Shiba ecosystem? The marketing lead of Shib shared exciting details about this stable coin in her recent X (formerly Twitter) post. The stable coin was introduced by the founder in 2021 and named it SHI.
Shiba Inu price scaled heavily by more than 300% during the Q1 trade, elevating the levels from $0.00000925 to as high as $0.00004 in just a couple of days. With the change in market dynamics, the SHIB price failed to hold the gains and, as a result, lost nearly 70% of them.
Shiba Inu (SHIB) is on the verge of a historic run, as investors have accumulated a significant amount of Shiba Inu tokens in recent days. However, the meme coin's fundamentals remain concerning as they paint a bearish picture for SHIB.
Bitcoin continues to face selling near $65,000, but the intensity seems to be reducing, paving the way for an upside breakout.
Shiba Inu has finally begun to exhibit indications of a possible bullish trend following a protracted period of consolidation and decline. Indicators of an asset's shift in momentum are frequently regarded as key indicators, and the token recently broke through its 50-day Exponential Moving Average.
Shiba Inu (SHIB) is on the verge of a substantial profit increase, with nearly half of its holders currently making money as the price steadies around $0.00001499. A breakthrough above the crucial $0.00001700 level could ignite a stronger rally, attracting more investors to the meme-based cryptocurrency.
Seasoned crypto trader switches focus from mainstream meme coins to AI crypto after a few badly-timed plays.
Few tokens have experienced the meteoric rise and fall as quickly as WYNN (CRYPTO: WYNN), a meme coin launched in January this year. Initially, WYNN surged to an all-time high (ATH) market cap of $85 million, driven in part by social media buzz and a reported indirect endorsement from artist Drake.
Shiba Inu, the famous meme-based cryptocurrency, has recently reached a new significant milestone, marking a turning point in its evolution. As market attention focuses on the developments of next-generation blockchains, Shibarium, Shiba Inu's layer 2 solution, continues to surprise with impressive results.
Most of the coins keep trading in the green zone, according to CoinMarketCap.
After seven months of correction, the Shiba Inu price has started to adopt a sideways trend above the $0.0000123 level. This consolidation trend sparks bottom-formation sentiment and reversal potential as Quarter 4 often drives a high momentum rally in the crypto market.
As the WazirX hackers near the end of their laundering process, a major chapter in the July 2024 cryptocurrency heist is nearly complete, with the final transfer of 3,792 ETH, worth approximately $9.93 million, sent to a new wallet named "0xa6e," which is now routing the funds through notorious crypto mixer Tornado Cash.
As of the date of writing, the noticed meme coin Shiba Inu (SHIB) is on the market for $0.0000142 and it has a market capitalization of $8.42 billion
As the price of Bitcoin reclaimed the $64,000 level, the meme coin market has taken a rise. Notably, some mid-cap and low-cap memecoins have recorded a surge of up to three digits. This highlights a rising interest of investors in it. Following this investors are curious about the possibility of memecoin mania.
Here are some of the factors potentially fueling SHIB's price rally.
According to on-chain data, 49% of Shiba Inu holders are profitable at the current price level of approximately $0.00001499. This suggests that SHIB is standing in front of a possible profit surge.
Here's the latest target achieved by Shibarium.
The cryptocurrency market is set to enter the last quarter of the financial year, and memecoins have already been the star performers. What happened: A plethora of tokens inspired by dogs and cats have netted massive returns to their holders year-to-date.
Recent data has highlighted a significant cluster of 19 trillion Shiba Inu (SHIB) tokens held by addresses currently at a breakeven point. This cluster indicates that SHIB is approaching a critical juncture in its market activity, potentially influencing short-term price movements.
Shiba Inu (SHIB) may be gearing up for a significant price surge this October, with historical data indicating a potential 283% increase. Investors are watching closely as the meme-based cryptocurrency enters what could be another fruitful Uptober.
Shiba Inu is approaching a crucial juncture as a 19 trillion SHIB cluster rests at a profitable position. With 65.5% of active addresses holding SHIB around the current price, the stage is set for a potential market shift driven by key catalysts.
The cryptocurrency market is once again capturing attention as significant movements in major coins hint at shifting dynamics. Recently, Solana (SOL) experienced a notable price drop that may seem alarming at first glance.
Shiba Inu (SHIB) may be on its way to reclaim former price highs, as a crypto analyst identified as the ‘Charting Guy' has confirmed the reappearance of a unique symmetrical triangle pattern on the SHIB price chart. A breakout from this symmetrical triangle could see Shiba Inu potentially rallying above 200% from its current price.
In the past few months, Shiba Inu has faced challenges in keeping its momentum going as its price shifts, mostly staying flat.
