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Shiba Inu price is trending inside a range after failing to sustain above the range in the recent market-wide rally. Despite the consolidation, the market sentiment around Shiba Inu is bullish as traders anticipate it may surge higher.
The cryptocurrency market has grown significantly in the past few years due to its high decentralization, security, and throughput compared to traditional financial systems. Bitcoin's (BTC) decentralization has largely been achieved through its proof-of-work (PoW) consensus method, which allows anybody to participate in the mining process.
A recent announcement of Kraken around the three top meme coins, Shiba Inu, Pepe Coin, and dogwifhat, has caught investors eyes. This latest development has also fueled discussions over a potential rally of the tokens due to the update.
Shibarium, the backbone of Shiba Inus blockchain, has recorded a 1,036% jump in transaction fees, underscoring a dramatic increase in the networks utilization, likely fueled by Shiba Inu-specific apps. Shibarium Fee Hike Hits 1,036% Shijiba Inus blockchain solution, Shibarium, has seen its average transaction fees actually skyrocket in the last few days, according to data from Shibariumscan.
Shiba Inus team fueled excitement among its followers with a bullish X post, mirroring a similar message from Ethereums Vitalik Buterin, leading to a noticeable SHIB price increase. SHIB Team Fuels Excitement with Bullish Post The SHIB army has taken notice of the official X social media account for Shiba Inus after it published a bull post that was influenced by Vitalik Buterin, U.Today shares.
Kraken, a major US-based cryptocurrency exchange, has added to Shiba Inu (SHIB) as new collateral for futures contracts.
Since reaching a yearly high of $0.000035, Shiba Inu (SHIB) has seen its price drop by nearly 50%. This sharp decline has put the meme coin in a critical position, leading the broader market to shift its focus to other cryptocurrencies.
The unforeseen forces behind SHIB's price dip: is the major player profit-taking period finally over?
Floki defies the odds by showing exquisite resilience against the broader crypto market sentiment.
Shiba Inu's ($SHIB) falling burn rate has sent the token spiraling down since March when the $8.5 billion market cap meme coin tested resistance levels of $0.0000380.
The average transaction fees on Shibarium, the blockchain solution of the Shiba Inu ecosystem, have literally skyrocketed in the past few days, according to data from Shibariumscan. Specifically, there has been a solid 1,036% increase in the number of BONE spent per transaction, from 0.012 to 0.1168 tokens.
Given the SEC's recent actions against XRP, which labelled it an unregistered security, the landscape for crypto assets remains uncertain.
The mysterious SHIB leader famous under the pseudonym Shytoshi Kusama has taken to his official X handle to comment on the recent rebranding of the X account of the Shiba Eternity game.
Shiba Eternity has officially rebranded to Shiba Inu Games, as announced on Thursday. The rebranded entity, now operating under the handle @PlayWithShib on X, announced its commitment to deepening its foray into gaming by developing more games for the SHIB ecosystem.
XRP, SHIB, and TRX had a difficult start this week, but buyers may be returning. 1. XRP Price Prediction XRP's price fell by almost 10% at the start of the week, but buyers have been returning since yesterday.
Shia Inu coin catches the Whales' attention after the monthly drop to 15.95% triggers a buy-the-dip opportunity. SHIB has already shown a reversal from the downtrend by moving from a weekly low of $0.00001346 to the current price of $0.00001413. Shiba Inu's price today is at $0.00001413 with 2.62% in 24 hours.
The official Shiba Inu account on the X social media network has caught the attention of the SHIB army by publishing a “bull” post that was inspired by Vitalik Buterin.
The recent steep drop in Ethereum has dashed hopes for a long-term upswing. With a decline below its rising trendline, the cryptocurrency's upward momentum has reversed.
SHIB's burn rate drops significantly due to decreased activity on the Shibarium network, collapsing SHIB's price.
Bitcoin's fall below $60,000 signals near-term weakness, but longer-term investors continue withdrawing coins from exchanges, signaling a bullish outlook.
The crypto market witnessed a fresh correction trend as pioneer cryptocurrency Bitcoin plunged below $60000 on Tuesday. Amid growing bearish momentum, the NEIRO token witnessed massive liquidation, while popular meme coins PEPE, SHIB, and FLOKI have caught the market's attention due to significant exchange inflows.
Shiba Inu (SHIB) the dog-themed cryptocurrency, has recorded a 7.14% surge in trading volume to $265.56 million in the past 24 hours. This notable spike in trading volume occurred while the SHIB value touched $0.00001407, down by 2.09%.
Shiba Inu (SHIB) has witnessed a dramatic surge in exchange outflows. It is a crucial update that comes at a time of uncertainty on the broader crypto market.
The price of Shiba Inu (SHIB), a leading meme coin, has dropped by 19% over the past month. This decline has created a buying opportunity for those looking to trade against the market.
