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At Token 2049, Kusama drops clues about an incoming utility case: can SHIB spearhead above the yearly peak?

Despite Dogecoin and Shiba Inu experiencing a noticeable recovery in the past week following the Federal Reserve's decision on interest rates, their on-chain activities remain bearish. The meme coin market is currently struggling with reduced investor interest as the address counts for both Dogecoin and Shiba Inu continue to fall.

"Please remember, the official Treat token has NOT been released yet," the team reminded.

Shiba Inu (CRYPTO: SHIB) is trading 8% higher in the past seven days bolstered by optimism, burn rates and whale transactions. What Happened: Shiba Inu's burn rate has surged by 7,168% with 6.9 million SHIB coins burned in one transaction and 1 million SHIB in another, according to Shibburn data.

Popular meme-inspired cryptocurrency Shiba Inu (SHIB) is on the verge of what may be a historic month as, according to the prices history, next October may deliver a 283% increase in the price of the token.

Shytoshi Kusama, the Shiba Inu ecosystem lead, during his meet-and-greet campaign at the recently concluded TOKEN2049 Conference in Singapore, has given hints on some interesting updates for SHIB in the coming weeks.

Shiba Inu is in the spotlight amid the brooding SHIB price recovery moves. The meme coin project exhibits resilience in several market performance metrics, including price, and whale transactions are a major bullish streak.

Shiba inu and its community have a deep relationship. As the price of Shib token got stuck under the moving averages, whales came to rescue it. In the last two days more than 770 Billion Shib tokens have been moved out of the exchanges. These tokens account for around $11.40 million.

A new project is about to hit the Shiba Inu community, which could possibly drive more adoption of its ecosystem.

Expectations for the crypto market and altcoins such as Shiba Inu have increased dramatically as the month of September is drawing to an end. Nevertheless, there is still a week left to go for the month to be over and this is ample time for notable developments for any digital assets.

The community has always backed Shiba Inu (SHIB) in times of need, and it appears that whales are coming to the rescue again. Although the popular meme coin had a good run in the last few weeks, it is still stuck in an extended consolidation phase, which seems far from over.

One of the standout developments in this space is Shiba Inu's layer 2 blockchain solution, Shibarium. As this project gains traction, the Shiba Inu team has revealed a dual focus strategy aimed at enhancing both technical support and the safety of its growing community.

Shiba Inu's lead developer, Shytoshi Kusama, has hinted that the next week could be game-changing for the SHIB ecosystem. This came following a short interview which he gave at the Token 2049 conference in Singapore.

With data showing that a cluster of 19 trillion Shiba Inu is held by addresses at a profitability point, Shiba Inu is rapidly approaching a pivotal moment in its market activity. The short-term price movement of SHIB is significantly impacted by this clusterб which represents a sizable portion of the token's total supply.

Shiba Inu (SHIB) has witnessed a price jump of around 9% in the past seven days. However, over the past 24 hours, the cryptocurrency has struggled to maintain that movement, sparking speculation of a notable price decline.

The pseudonymous marketing lead of the SHIB team known as Lucie has published a tweet to announce that Shibizens have been excited recently about a “groundbreaking project” that is being widely discussed.

Check out which elements signal potential volatility for SHIB in the short term.

Cat-themed cryptocurrency, cat in a dogs world (MEW) defied the broader memecoin stagnation on Monday to become one of the cohort's top gainers. What happened: The fourth-largest memecoin on Solana (CRYPTO: SOL) jumped more than 10% in the last 24 hours, while its trading volumes soared 70%.

The price of Solana has dropped noticeably recently, but the causes may not be as obvious as a decline of the market. It is possible that Ethereum's recent price spike has more to do with the collapse of SOL than Solana's actual performance.

SHIB, the popular dog-themed meme coin, has recently adopted a sideways trend above the $0.0000123 support. A crypto analyst highlighted this consolidation as the final squeeze before the Shiba Inu price, which provided a deceive breakout from the symmetrical triangle pattern in the weekly chart.

It seems like there's some exciting movement in the crypto space, especially regarding Shiba Inu (SHIB). Notably, despite the coin's sideways trading in recent months, leaving investors uncertain, the American crypto exchange Robinhood has been steadily accumulating the top meme coin.

42 cryptocurrencies have outperformed Bitcoin (CRYPTO: BTC) in 2024, with most of them listed on Binance, according to on-chain analytics provider Lookonchain. What Happened: 25 are listed on Binance and 20 were listed in 2023 or earlier, providing ample opportunity for traders to capitalize on their growth, the data provider tweeted on Friday.

Over the past 24 hours, the Shiba Inu price has seen a slight decline of 1.47%, seemingly hitting a price wall as its recent momentum wanes. Coinciding with this, the meme coin has noted a decline in the utility of its ecosystem, Shibarium, purporting a bearish outlook for the asset.

An early investor in Shiba Inu, renowned within the crypto community for their steadfast “diamond hands” approach, holding assets through market volatility, has recently shifted their investment strategy. This individual, who reaped a staggering $145 million profit from Shiba Inu trades between February 2021 and June 2022, is now diversifying their holdings into $NEIRO and