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Shiba Inu (SHIB), the popular and second-largest meme coin, is now poised for a significant upside rally after consolidating for more than six weeks. It has been observed that while top crypto assets experience notable upside rallies, SHIB remains in a consolidation phase and appears to be struggling.
The rivalry between Shiba Inu (SHIB) and Dogecoin (DOGE) continues to rage, making headlines and becoming a top discussion among crypto community members. Recently, Investment firm Sistine Research unveiled a Shiba Inu chart analysis, which suggests that SHIB might be poised to outperform DOGE in 2025.
Shiba Inu's Layer 2 scaling solution, Shibarium, is rapidly gaining traction, and it's now on the verge of hitting a significant transaction milestone. Over the past few weeks, Shibarium has seen remarkable growth, with daily transaction counts averaging 4 million.
According to data from Shibburn, on November 9, the burn rate of Shiba Inu showed a 1323.66% increase, resulting from the destruction of 34.91 million tokens. As a result of this significant rise in the burn rate, the total supply of the meme token has decreased to 589.26 trillion SHIB. 110.
Dog-themed cryptocurrency Shiba Inu (SHIB) has recently seen an increase in large transaction volumes, with a total of 6.47 trillion SHIB tokens or $123.18 million being transacted in the last 24 hours.
Shiba Inu (SHIB) might be gearing up for a notable leg-up thanks to the formation of a bullish pennant consolidation.
In massive transactions, a whopping 1.6 trillion Shiba Inu (SHIB) tokens have recently been transferred to the major U.S. crypto exchange Coinbase. According to blockchain data tracker Whale Alert, three major transactions were responsible for this massive move.
Dog-themed Shiba Inu (SHIB) has recorded a spike in burn rate as the meZXcoin battles to breach key price resistance levels. In the last 24 hours, the burn rate has skyrocketed by a staggering 1,323%.
Commission-free trading app Robinhood Crypto EU on Saturday expands support for meme coin Shiba Inu coin on crypto transfers. The trading app also announced a 1% bonus for users who deposit their tokens from other crypto exchanges.
The Shiba Inu price has closely followed Dogecoin, considering that the two are the largest meme coins by market cap. This has led to talks of what SHIB's price would be if it reached Dogecoin's market cap.
The Shiba Inu burn rate witnessed a staggering 1300% surge on Saturday, fueling market optimism surrounding the meme coin's future movements. As millions of SHIB were taken out of the token's total supply recently, investor speculations of a looming price rally prevail in the market.
Meme coin Shiba Inu has seen a renewed surge in its price over the past 24 hours as it aims to breach the $0.000020 mark. This upward movement reflects some positive sentiment among investors, but a closer look at on-chain metrics paints a more complex picture.
Shiba Inu (SHIB) appears ready to extend its recent gains, as the daily technical technical setup suggests that the meme coin may be primed for a 30% rally. Also, key support levels and increasing buying pressure indicate favorable conditions for an upward move.
Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
Shiba Inu shows increased whale activity and trading volume while forming a cup-and-handle pattern that suggests potential price growth
The Shiba Inu price could rally as much as 300% as SHIB whale activity is on the rise, a bullish development for the second-largest meme coin by market cap. Other on-chain metrics also paint a bullish for SHIB and indicate that its bull run could begin anytime from now.
A Shiba Inu team member known under the pseudonym Vet Kusama, which perhaps gives him a slight resemblance to the SHIB lead Shytoshi Kusama, has published a post with an image that features the very first logo of the Shiba Inu meme coin.
Large investors in the popular meme-inspired Shiba Inu (SHIB) cryptocurrency have added more than 1.12 trillion tokens to their wallets over the past 24 hours, according to data from IntoTheBlock.
Is SHIB price ready for a 90% price surge in early 2025? Technicals and chart fractals suggest that Shiba Inu is poised for a massive rally.
The Shiba Inu (SHIB) community is buzzing with speculation about the possibility of the token reaching a value of $0.01, a target that many have long dreamed of. A recent suggestion from a prominent community figure has reignited the discussion, proposing a potential pathway to this ambitious goal—Shiba Inu becoming a gas token on the Ethereum network.
Shibarium, the Shiba Inu layer 2, is on track to hit a new milestone amid sustained adoption in the past few weeks. After recording a sustained average daily transaction count of four million, the total recorded transactions will hit 480 million soon.
Shiba Inu has experienced a dramatic drop in the volume of on-chain transactions in a single day; the total volume of large transactions fell from 6.3 trillion to 2.5 trillion SHIB. Whale activity has significantly decreased, which could be a sign of diminished support or interest from major investors, who had been fueling SHIB's recent price increase.
After the recent rise in the Bitcoin price to new highs, the token, along with the other altcoins, has begun to consolidate. Moreover, the bulls have been fighting with the bears since the last trading day, which may delay the next bullish action.
Shiba Inu price is on the verge of breaking above a key bullish reversal pattern after the market momentum increased due to Bitcoin rallying to a new all-time high. If this breakout happens, SHIB investors currently at and outside the money could be looking at $3.45 billion in profits.
