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A new bullish price target has been set for the Shiba Inu price, with an analyst revealing the major trigger that could push this top meme coin to the $0.000081 level. This optimistic price forecast follows recent substantial gains experienced by Shiba Inu, indicating a potential for a major rally.
Shiba Inu appears to be displaying indications of a possible reversal. The asset is currently seeing a notable uptick in whale activity after struggling to regain its previous momentum.
In the ongoing potential bull run, Shiba Inu (SHIB), the popular and the second-largest meme coin is about to end its consolidation and is poised for a massive upside rally. This bullish speculation arises from the coin's positive price action and the continuous attention from investors and traders.
Thanks to a notable accumulation trend, whales have been igniting the Shiba Inu (SHIB) fire.
October hasn't been as positive for cryptocurrencies as expected. Bitcoin and other altcoins have seen unstable prices due to market volatility. With only a few days left in the month, Shiba Inu aims to make a robust breakout as Bitcoin holds above the $70K mark.
As Bitcoin approaches $73K, the top dog crypto Dogecoin leads the way for altcoins, catching short-sellers unawares.
With the market now undergoing a bullish momentum, Shiba Inu whales are flapping their fins in no small measure. The combined market capitalization has jumped by more 6.18% in 24 hours to $2.45 trillion.
Shiba Inu's (SHIB) market cap has surpassed that of Avalanche (AVAX) today, following a 7% price increase in the last 24 hours. This development means that the Shiba Inu crypto now has a market cap of $10.98 billion, making it the 12th most valuable cryptocurrency in the market.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) surged, riding Bitcoin's (CRYPTO: BTC) upward momentum past $72,000. What Happened: Coinmarketcap data shows meme coins nearing a $71 billion market cap, up 14.6% over 24 hours.
Shiba Inu could soar by 40% to reach $0.000030 if it closes a weekly candle above the $0.000021 level.
Investors are optimistic once again as the hope of the Ethereum price rallying to $5,000 hit the crypto market. In a recent report, Ethereum co-creator Vitalik Buterin spoke at length about upcoming solutions to Ethereum's (ETH) staking, block production issues, and prevent centralization of proof-of-stake to Ethereum L1.
Canine meme coins Shiba Inu ($SHIB) and Floki ($FLOKI) are rallying in line with the rest of crypto's meme coin sector, which grew 10% in the last 24 hours to post a collective market cap of $67.9 billion. Both Shiba Inu and Floki rose 9% overnight and now retail for $0.00001864 and $0.0001445 respectively.
SHIB has surged by 11% in the past 24 hours, jumping to $0.0000189 after Shiba Inu's team announced a major update for its Shiboshi series of NFTs. The post SHIB Set for Surge? New Shiboshi Updates Spark Investor Optimism appeared first on Cryptonews.
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 10% price increase in the last 24 hours, despite a minute 39 trillion SHIB tokens being burned during this period.
Shiba Inu (SHIB) continues to show signs of resilience as it navigates recent market turbulence, which was spurred by a Wall Street Journal report regarding Tether, the issuer of the USD-pegged stablecoin USDT. This news led to a correction across the broader cryptocurrency market, affecting various assets, including Shiba Inu.
"Big things are on the way for Shiboshis on Shibarium, bringing new opportunities and exciting ways to engage," LUCIE said.
As the flagship cryptocurrency Bitcoin has staged an impressive rally and surpassed the $71,000 price level, many altcoins are following suit on the market. Among them is the second largest canine-themed coin, Shiba Inu (SHIB).
Shiba Inu price rose for four consecutive days as Bitcoin and other altcoins soared ahead of the upcoming U.S. general election. Shiba Inu (SHIB), the second-largest meme coin in the industry, climbed to $0.
With the current bullish trend, and the hype around meme coins, here are the top 5 meme coins to watch this week!
Cat-themed coins like Mog Coin (CRYPTO: MOG) and Popcat (CRYPTO: POPCAT) are rallying as the broader altcoin market cheers Bitcoin's (CRYPTO: BTC) leap above $70,000. What Happened: Coinmarketcap data shows cat-themed tokens coins approaching a total market capitalization of $5 billion, up 9.3% over the past 24 hours.
Dogecoin (DOGE) is leading the meme coin market recovery supported by other players like Shiba Inu, POPCAT, and FLOKI with each gaining 10-15%.
With nearly 4 trillion SHIB transacted in the last day Shiba Inu has experienced an amazing comeback propelled by high whale-tier volume. Recent on-chain data indicates that this notable increase in activity points to a resurgence of interest from larger holders which could raise investor spirits and boost SHIBs price.
The Shiba Inu (SHIB) team revealed the activation of an NFT bridge on their Layer2 blockchain, Shibarium. The new functionality aims to smoothen withdrawals and deposits of Ethereum-based non-fungible tokens. Enthusiasts will only have to connect their web3 wallets, such as MetaMask and TrustWallet, expanding the cryptocurrency trading landscape.
Shiba Inu price is gearing up for a 300% surge after a confident Bitcoin analyst predicted a key shift in the crypto landscape. The optimistic forecast comes with the reassurance that the drastic 80%+ crashes that previously plagued the crypto markets are now a thing of the past.
