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In a recently published tweet, the official marketing lead of the Shiba Inu team Lucie revealed the importance of the approaching new hard fork on Shibarium.
Shiba Inu (SHIB) price, a popular meme cryptocurrency, is experiencing a notable uptick. The SHIB token now exhibits a bullish pattern as it ascends, registering a 7% increase in the past week.
Popular doggy-themed meme coin, Shiba Inu, has experienced a major crash in whale net flows, signaling a shift in sentiment among large-scale investors. This sharp decline could have significant repercussions for the meme coin's price, especially as Shiba Inu has been under severe downward pressure in the last few months.
Daily SHIB burn tracker drops a bombshell on Shiba Inu custodians: will the 340% upswing reflect on the price?
The meme coin market has been quiet recently due to some economic news and Bitcoin's bearish trend below $60,000. With Bitcoin still struggling to attract buyers, the popular meme coin Shiba Inu has been holding steady around $0.000014.
As the price of Bitcoin (BTC) retests its important resistance level of $60,000, the crypto market has regained momentum over the past few hours. Moreover, the market has recorded a jump of 1.97% within the past day and is currently valued at $2.09 Trillion.
Shiba Inu (CRYPTO: SHIB) is up 10% over the past week and traders expect this pattern to continue. What Happened: With Shiba Inu prices rallying 4.4% in a single day, crypto trader Javon Marks noted that the meme coin is breaking out of its falling wedge pattern.
Puppynet, the testnet version of the Shibarium layer-2 solution behind the Shiba Inu (SHIB) cryptocurrency, is gearing up for major tech upgrades, according to a Friday announcement.
Floki (CRYPTO: FLOKI) is trading relatively flat, but traders believe that it is well positioned for an upcoming rally. What Happened: Crypto trader Jelle noted that the Floki trading bot is seeing more and more usage as Valhalla takes front and center on sports events.
Leaving aside Bitcoin, Ethereum, and even popular meme coins like Dogecoin and Shiba Inu, this one has shocked netizens after becoming the altcoin with 100X gains. It becomes more significant when the entire crypto market is struggling due to investors' feared sentiments.
In the competitive world of memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB) have reigned supreme for years, captivating both the crypto community and mainstream audiences. However, with new projects entering the market, investors are starting to diversify their portfolios.
Dogecoin, Shiba Inu, and PEPE prices surged, each scoring major gains in execcess of $2 billion within the last 7-days, in a rally linked to Donald Trump's latest viral moment.
Shiba Inu (SHIB) can be building up steam for a jumbo rally as TradingView analyst Krao projects a massive 7,350 % increase. He said SHIB will breach $0.001 in the next few months, representing quite a jump from where it is now.
With this new burn mechanism, Shibarium is expected to burn 70% of all base transaction fees collected on the network.
Shiba Inu (SHIB) has been at the forefront of the crypto market once again, thanks to a dramatic surge in its burn rate. Over the last 24 hours, Shiba Inu's burn rate has soared by more than 242%, resulting in nearly 3 million SHIB tokens being burned.
Dogecoin (DOGE) has long been a favorite among meme coin enthusiasts and crypto whales, thanks to its massive community and frequent endorsements from figures like Elon Musk. However, as the market evolves, new contenders like GoodEgg (GEGG) are emerging, offering unique features that could soon challenge even the giants like Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogecoin (DOGE) has long been a favorite among meme coin enthusiasts and crypto whales, thanks to its massive community and frequent endorsements from figures like Elon Musk.
PEPE seemed well positioned to outperform SHIB and DOGE if the market rebounds.
A bullish outlook for the memecoin, but will that change soon?
According to the recent update shared by the Shibburn wallet tracking service, during the last day, one of Shiba Inu's major metrics – the burn rate – has demonstrated a large increase, going up by several hundred percent.
The meme-inspired cryptocurrency Shiba Inu has lost more than 55% of its value over the past six months, to now trade at $0.00001348 as it recently suffered from a wider market downturn that saw it dip 3% in a month.
Despite the gloomy condition of the crypto market, one analyst has voiced his optimism towards Shiba Inu (SHIB). TradingView analyst Krao recently predicted that the dog-themed crypto asset could hit $0.001 in the next few months.
Shiba Inu has seen a 30,045% drop in whale netflows, signaling significant selling pressure or reduced positions from major investors. This could indicate profit-taking or increasing market fear as SHIB continues to navigate a turbulent crypto landscape.
Shiba Inu whales are making waves after moving 2.1 trillion SHIB in just 24 hours. The sudden increase in whale activity has triggered speculation on whether a major price shift for SHIB is on the horizon.
