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Shiba Inu (SHIB) has seen a big increase in on-chain activity over the past 24 hours. Key metrics suggest that the popular meme-inspired cryptocurrency could be on a bullish trajectory.
TL;DR Shibarium celebrates its first anniversary with over 417 million transactions and 1.8 million wallets created. $12 million has been secured for future development and gas rates remain low. The network will expand with new features such as NFTs, games, and a metaverse.
Shiba Inu's lead developer, Shytoshi Kusama, has recently shared vital insights on ShibHub, a super app a.k.a. ‘the heart of the Shiba Inu ecosystem.
Shiba Inu (SHIB) has long been a staple in the meme-driven cryptocurrency space, captivating the imaginations of investors with its playful branding and potential for high returns. However, a new memecoin is quickly emerging, grabbing the spotlight and causing Shiba Inu (SHIB) investors to take notice.
In the last 24 hours, Shiba Inu has seen a decline in large transaction volume below the crucial threshold of $1 trillion. The meme cryptocurrency is having trouble maintaining the momentum that once made it a favorite among regular investors, and this decline highlights a worrying trend for it.
As the larger part of the cryptocurrency industry is going through a cooldown, the popular dog-themed meme coin Shiba Inu (SHIB) is no exception, as it is recording declines on all of its recent price charts, and machine learning and artificial intelligence (AI) algorithms are not optimistic.
Despite lackluster trading performance in the recent weeks, Shiba Inu (CRYPTO: SHIB) could be on the brink of a significant rally, if technical analysis is to be believed. What Happened: Crypto trader Javon Marks thinks Shiba Inu's prices are nearing the converging or breakout point of a massive bullish falling wedge pattern on the daily chart.
Shiba Inu price has been diverging from the broader market over the last two weeks, trending lower as the other crypto assets followed Bitcoin's erratic swings. Despite Shibarium chain developments, the SHIB volume continues to dwindle, and the weakness is also reflected in its price.
Shibarium, Shiba Inu's (SHIB) layer-2 scaling solution, is on track to break a crucial milestone, as seen in its recent trend. This achievement is notable as it comes only days after Shibarium dropped by over 80% in key metrics.
The Shiba Inu and Shibarium communities have received an important warning about the rise of fraudulent Telegram groups.
A new scam targeting Shiba Inu (SHIB) holders involves fraudulent websites imitating popular cryptocurrency wallets, aiming to steal users' funds by tricking them into revealing sensitive information.
Shiba Inu (SHIB), the popular meme coin, has experienced a dramatic decline in its price over the past month, falling by 26%. This downturn has been attributed to a significant reduction in the token's burn rate, which has weakened its value proposition and investor confidence.
Cryptocurrency scams are becoming alarmingly common, especially within popular meme coin communities like Shiba Inu. Scammers are constantly devising new strategies to exploit unsuspecting users, and the SHIB team is taking proactive steps to combat these threats.
Shiba Inu's official scam alert channel – Shibarmy Scam Alerts – has called the user attention to a growing number of scams targeting the altcoin.
You may not have heard about it, but MemeLife is on the verge of stealing meme coin enthusiasts' hearts from the all-time favorites and popular Shiba Inu and Dogecoin. The platform has been making groundbreaking moves, the latest of which is a bot designed to make finding and trading the next 100x meme coin a piece of cake. MemeLife's revolutionary approach to meme trading and token launching features socioFi integration, developer, and community support, anti-rug mechanisms, and sustainable tokenomics.
Shiba Inu price hit $0.000013 on Aug 19, having spent the last two weeks in a consolidation phase, rising capital inflows could trigger bullish breakout.
Less than 13 million SHIB tokens have been removed from circulation in the past seven days.
Shiba Inu (SHIB) may be gearing up for a massive spike as cryptocurrency analysts are divided on what could come next. Javon Marks, one popular social media member in the crypto-verse, has taken to X, formerly known as Twitter, with some very bullish comments that SHIB is on the brink of a major breakout.
Meme coin investors are selling some of their Shiba Inu ($SHIB) as new opportunities emerge to buy potential Dogecoin ($DOGE) killers that are still only in presale.
The Shiba Inu security team issued an important warning.
Shiba Inus Shibarium update has introduced a Burn Portal, offering a new way to reduce SHIB token supply, a move likely to affect the cryptocurrencys market dynamics. Shiba Inus Shibarium Adds Burn Gateway As part of their Shibarium layer-2 solution, the Shiba Inu team has unveiled a burn gateway.
Shiba Inus Shibarium has rolled out an enhanced security feature, aiming to attract developers and new projects as market confidence in the token grows. New Security Feature Enhances Shibarium An important update to Shibarium, its Layer 2 blockchain, was released by Shiba Inu.
A new scam targeting the Shiba Inu community has surfaced, where fraudsters are impersonating legitimate wallet providers like MetaMask and Ledger to steal SHIB tokens. Scammers Use Fake Wallets to Defraud SHIB Holders The Shiba Inu community is the latest target of a new fraud that has just gone viral, according to an alert.
Over the past few weeks, Shiba Inu has been in a dormant state with little movement in its price. SHIB continues to trade in a narrow range, making its lack of volatility more and more obvious.
