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Solana-based meme coin BONK has surged by 12% in the past 24 hours. It has outperformed top meme coins like Pepe (PEPE) and Shiba Inu (SHIB), whose values have dropped 3% and 7%, respectively, during the same period.
Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.
Unknown whales recently burned billions of SHIB, increasing its burning rate by a whopping 1,837% in one day. As information regarding the monumental token burn spread, SHIB surged by a significant 43% to $0.00002753, a value that had not been witnessed for months.
Leading meme coin Shiba Inu (SHIB) has seen an 18% price drop in the past 24 hours. This mirrors the broader cryptocurrency market's downturn, with global market capitalization falling by 5% over the same period.
Shiba Inu climbed 9% to $0.00001908 over the week. SHIB's technical chart has shown recent strength, giving investors confidence that the project can continue rising.
Shiba Inu layer 2 Shibarium has just received a crucial update. Shiba Inu team member Lucie shared on X the details of this latest Shibarium update, announcing that the Shibarium Token Asset Repository is now live.
The recent strong Shiba Inu price rally took a breather, falling for two consecutive days, as traders took profits. At press time, SHIB was trading at $0.0000245, down by 20% from its highest level this week.
The market for cryptocurrencies has skyrocketed since Donald Trump recently won the US presidential contest. Expecting great returns, investors are rushing to seize profitable prospects in the digital asset sector with this surge.
Shiba Inu (SHIB) is consolidating after a massive rally that saw its price jump as high as $0.0000303, its highest price level since April. Shiba Inu has also drastically fallen in its burn rate metric and sliding prices.
Investors who witnessed remarkable returns from Shiba Inu and Dogecoin are now focusing on a new entrant in the crypto arena. Rumors are swirling about a potential token that could deliver exceptional growth, sparking curiosity among crypto enthusiasts.
With Bitcoin price recording a drop of ~1% in the past 24 hours, the crypto market has recorded a mixed price sentiment. Moreover, some tokens have recorded a double-digit drop within hours. This highlights increased price volatility in the crypto space.
The market might need time to gain energy for a further move, according to CoinStats.
It appears that Shiba Inu is following a traditional Elliott Wave pattern, which may indicate a well-organized plan for its future actions. According to the widely used technical analysis tool Elliott Wave Theory, markets frequently exhibit a five-wave pattern during significant trends.
Dogecoin's (DOGE) market cap has overtaken XRP and USDC. It is now above both coins in the market.
The long-awaited golden cross on the price chart of Shiba Inu (SHIB) finally formed two days ago. However, the price of the popular meme-inspired cryptocurrency took a completely unexpected turn when, with the formation of this pattern, it plunged more than 16% over the next two days, going from a high of $0.00003 to $0.000023, where it found a local bottom and buyers' reaction.
"Half a billion and counting - keep it going," LUCIE stated.
Selecting the right crypto investment could be transformative, and coins like Shiba Inu (SHIB), Binance Coin (BNB), and Rollblock (RLBK) promise different upside potential. While BNB and Shiba Inu are the favorites of investors searching for explosive growth and stability, $RLBK has shown huge potential for massive returns.
The other massive loser over the past day is Cardano.
Shiba Inu (SHIB) has been on an impressive run, surging to a 7-month high of $0.00003031, and popular crypto analyst Crypto Amsterdam believes that every price dip in SHIB presents a prime buying opportunity. This recommendation comes after a series of technical developments that suggest SHIB is poised for continued upward movement, even though short-term volatility could create dips along the way.
As Shiba Inus price soared, one whale sold 100 billion SHIB, netting $2.85 million. The same whale still holds 2.5 trillion SHIB, a sign of ongoing confidence amid SHIBs 16% daily rally and anticipation of a fresh all-time high.
The Shibarium layer-2 solution, powered by Shiba Inu, crossed an incredible 500 million transactions, signaling robust network adoption. This milestone, however, has yet to impact SHIBs price significantly, with hopes pinned on market trends to fuel a rally.
After a remarkable 81% climb in under two weeks, Shiba Inu (SHIB) broke into the top 10 cryptocurrencies by market cap, reaching a peak valuation of $17.4 billion. However, a quick market pullback caused SHIB to lose ground, with Tron reclaiming its spot.
A dormant Shiba Inu whale rises & shines upon the mainstream canine coin's tremendous 49% rally.
A dormant SHIB whale sold 100 billion tokens worth $2.85 million. Despite this, the memecoin spiked by 16.34%.
