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Shiba Inu (SHIB), a dog-inspired meme coin, originally dismissed by many as just another fleeting fad, is now drawing serious attention from big players, or “whales,” in the crypto space. This attention comes amid the tokens' recent sloppy launch of its other project, Shibarium.
Bears remain more powerful than bulls, according to the CoinMarketCap ranking.
The 1,003 ETH, worth nearly $2 million, is reported to be clogged on Shibarium's cross-chain bridge.
SHIB's pullback hit a crucial confluence area which could be a great buying opportunity, but only if BTC reverses recent losses.
Shiba inu fell lower for a fifth straight session on Thursday, resulting in the meme coin dropping to a 13-day low. Since hitting a four-month high last Saturday, SHIB has struggled to find a firm floor. On the other hand, Solana ended a recent losing streak.
What was supposed to be a celebration day for the broader Shiba Inu (SHIB) ecosystem turned out to be gloomy when the price action in the ecosystem is factored in. Amid these slumps however, data from crypto analytics platform IntoTheBlock (ITB) reveals that while most SHIB metrics are in the red today, its Daily Active User (DAU) count has maintained a strong upshot of 37.73% to 8,210.
Despite the ongoing hiccups around Shibarium, leading analyst believes there's still a room for major SHIB rally.
Shibarium has been launched, and the Shiba Inu community received the news with excitement. The Shibarium mainnet, an Ethereum Layer 2 scaling solution, was launched on Aug. 16 after months of testing that saw over 35 million transactions on the testnet.
In light of recent concerns surrounding the launch of the Layer 2 network Shibarium (CRYPTO: SHIB), lead developer Shytoshi Kusama said Thursday there are no bridge issues and all user funds remain secure. Contrary to circulating rumors, any screenshots suggesting otherwise have been deemed false by the platform, according to a new blog post from Kusama.
Shiba Inu's (SHIB) price slipped double-digits in the past 24 hours, contrary to community expectations of a strong upward trend brewing after the launch of the much-hyped Ethereum layer-2 solution, Shibarium, on Wednesday.
On August 15th, cryptocurrency trader and analyst Michaël van de Poppe conducted a daily price analysis for Shiba Inu (SHIB), a meme-inspired cryptocurrency. He looked at the key price levels it needs to hold in order to sustain its bullish momentum in the coming months.
Shiba Inu's latest blockchain layer, Shibarium, experienced an unprecedented surge in activity shortly after its launch, leading to technical challenges that have raised eyebrows in the cryptocurrency community, according to Shytoshi Kusama.
Renowned cryptocurrency analyst Michael van de Poppe has presented an optimistic view of the meme-inspired cryptocurrency Shiba Inu ($SHIB), suggesting that its value could experience a notable increase if it maintains a crucial support level.
On August 16, 2023, the Shiba Inu meme coin enthusiasts celebrated the unveiling of the second-layer (L2) blockchain, Shibarium. This platform is designed to bolster decentralized app growth while tackling Ethereum's scalability and transaction fee challenges. Yet, even amidst the celebrations, SHIB, the project's native cryptocurrency, slid over 8% against the U.S.
Following the recent introduction of Shibarium, an Ethereum-based layer-2 blockchain, the Shiba Inu team has promptly addressed apprehensions arising from significant SHIB token transfers post-launch.
Shibarium, the Ethereum-based Layer 2 protocol from Shiba Inu ecosystem developers, might have launched on the mainnet, but just a few people might have something positive to say about its functionalities thus far. Per insights from crypto data investigator Beosin, a good number of transactions on Shibarium are currently stuck in a pending state.
Shiba Inu (SHIB) is one of the crypto projects with the strongest community support, which contributes to positive evaluations in the space, market positioning, and growth. However, recent developments related to Shibarium could test this community's resilience.
In a captivating twist of fate, the Shiba Inu ecosystem has sent shockwaves through the digital asset realm with the introduction of a groundbreaking innovation – Shibarium. This revolutionary debut has ignited a whirlwind of excitement within the Shiba Inu community, ushering in a new era of possibilities and reshaping the landscape of the crypto world.
Shiba Inu has shaken the crypto community after being unveiled as the first meme coin ever to have something that brings it into the diversification world: The Shibarium Protocol.
Shiba Inu lead developer Shytoshi Kusama addresses the recent turmoil.
Anticipation is growing for a major Shiba Inu tech upgrade. But will reality match the hype?
Popular blockchain tracking service Whale Alert, which tracks down large crypto transactions, detected a massive SHIB chunk on the move slightly more than four hours ago.
SHIB, BONE, and LEASH tokens have all crashed over the past 24 hours because of a problem that allegedly resulted in lost Shibarium tokens.
Shiba Inu is sinking further below $0.00001, contrary to investor expectations of a rally brewing following the launch of the anticipated Ethereum Layer 2 protocol, Shibarium. Down 8%, SHIB is trading at $0.00000908 on Thursday, with the possibility of revisiting lower support levels at $0.0000075 and $0.0000065, respectively.
