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Shiba Inu (CRYPTO: SHIB) is up 3.7% over the past 24 hours as positive news from its community bolster sentiment. What Happened: Pseudonymous lead developer Shytoshi Kusama suggested establishing a blockchain innovation hub in the U.S., inviting presidential candidates to endorse a "Silicon Valley" for the blockchain sector.
SHIB's bullish breakout shows promise, but resistance levels will determine its next move.
It is possible that Shiba Inu is about to surpass a six trillion SHIB transaction volume, which would indicate increased activity and interest from major holders. The number of large transactions and overall transaction volumes fluctuate according to on-chain data, reflecting periods of interest in SHIB trading activity as well as periods of stagnation.
Shytoshi Kusama, the lead developer of Shiba Inu, has unveiled an ambitious proposal to establish a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in a United States city aka the “The Silicon Valley of Crypto.
Kusama stated that the project would give a very strong return, yielding $10 for every $1 invested over a decade.
As Americans gear up to cast their votes in the US presidential election, Shytoshi Kusama, the lead developer of Shiba Inu, has unveiled an ambitious initiative aimed at positioning the United States as a global leader in blockchain technology. This initiative titled the Strategic Hub for Innovation in Blockchain (S.H.I.B.
Shiba Inu's burn rate has skyrocketed, jumping 900% in the last week! On November 1, it saw a massive spike of 254,000%, with over 5.5 billion SHIB tokens burned.
At around 80%, the current dominance levels of Bitcoin (BTC) Ethereum (ETH) Tether (USDT) and USD Coin (USDC) on the cryptocurrency market suggest that the landscape may be changing. The market may see a reversal following one final push to this resistance level before the year ends, as the dominance of these core assets has historically peaked at about 82%.
DOGE's price surge came after the latest Musk interaction.
Check out which factors can trigger a SHIB price explosion.
As Americans prepare to vote for their next president, Shytoshi Kusama, the lead developer of Shiba Inu, has shared a big plan to make the U.S. a leader in blockchain technology. The initiative, known as the Strategic Hub for Innovation in Blockchain (S.H.I.B.
According to the data shared by the popular tracker Shibburn, over the last day the SHIB burn rate has fallen to zero. Still, curiously, there is a substantial amount of meme coins that were transferred to unspendable wallets.
Shiba Inu coin's team sparked a tidal wave of frenzy across the crypto landscape on Tuesday, revealing a proposal to introduce Strategic Hub for Innovation in Blockchain (S.H.I.B.) in the U.S. Notably, the meme coin's lead developer, Shytoshi Kusama, unveiled this proposal recently while also inviting “presidential candidates or interested parties” nationwide to jack up
The crypto market is experiencing volatility amid the US elections. The BTC price is back to $68k as the FUD surges. Under such conditions, SHIB and MOG are rising against the bearish tide, with intraday gains teasing the continuation of the uptrend.
Shiba Inus recent on-chain data reveals an uptick in whale activity, with 2.34 trillion SHIB moved in major transactions within 24 hours. While SHIBs price remains steady, the consistent interest from large holders suggests possible accumulation for a potential price recovery.
Top online poker site CoinPoker is launching the meme Millions Tournament Series on November 17, and as the name implies, there's $1,000,000 worth of prizes up for grabs. Whether you are new to meme coins or have already dabbled in this red-hot crypto sector, there's something in Meme Millions for everyone.
SHIB has whipsawed over the past few days after a delayed golden cross - What's next?
The metrics from the broader market regarding the recovery of meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) show an interesting twist. Data from the crypto analytics platform IntoTheBlock shows a significant divergence in the whale activities from SHIB and DOGE.
The cryptocurrency market is reacting to the upcoming US Presidential election after more than $288M was liquidated within 24 hours per Coinglass. Out of these liquidations, $142M were long, while $86M were short.
Shiba Inu's ecosystem has been expanding rapidly in the past year, thanks in part to Shibarium, its layer-2 platform. Interestingly, recent data shows Shibarium has seen an impressive uptick in activity, with daily transactions reaching 4.68 million in the past 24 hours.
Crypto analyst Master Kenobi has provided an update on his FLOKI master plan. The analyst revealed that his initial analysis had been invalidated and mentioned what was next for the Shiba Inu competitor with this development.
Solana, Shiba Inu, and XRP are at key levels. Will they break out or face more selling pressure?
Spot On Chain says that Gemini, one of the biggest U.S. cryptocurrency exchanges, recently moved a lot of funds into a new multisignature custody wallet. The wallet, which was created just 18 days ago, has quickly amassed a lot of altcoin holdings, including a major acquisition of 200 billion Shiba Inu (SHIB) tokens valued at around $3.39 million.
Recently Shiba Inu has drawn attention due to an intriguing pattern in its on-chain data rather than a sharp price increase. SHIB has demonstrated stability in spite of its somewhat difficult market position, which is marked by low volatility and subdued price activity.
