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Shiba Inu (CRYPTO: SHIB) cryptocurrency project announced the launch of a non-fungible token (NFT) bridge for its Layer-2 blockchain, Shibarium, paving the way for the smooth transfer of Ethereum (CRYPTO: ETH)-based NFTs. What Happened: On Monday, Shiba Inu's official X account posted about the activation of NFT Bridge on Shibarium.
The cryptocurrency market is showing intriguing signs of potential volatility, with Bitcoin (BTC) recently delivering a significant technical signal known as a hidden cross. As Bitcoin makes a serious comeback, the spotlight is also on Shiba Inu (SHIB), which is primed for a potential volatility explosion.
In what seems to be a broader crypto market rally, Bitcoin (BTC) and altcoins have recouped from the selling pressure while seeing a sharp bounce today. Bitcoin (BTC) is up 5.4% moving all the way past $71,200 and less than 5% away from here to hit another all-time high level.
Shiba Inu (SHIB), a token that has captured significant attention. Recent projections suggest that if the total crypto market capitalization reaches an ambitious $10 trillion, Shiba Inu could experience a remarkable price increase, pushing it closer to its previous all-time high.
In a major Shibarium upgrade, Shiba Inu announced new opportunities for Shiboshi NFT holders, introducing enhanced roles, exclusive rewards, and strategic engagement features. The update, shared by SHIBs marketing head Lucie, signals a fresh chapter of utility and value within the Shibarium ecosystem.
Shiba Inu might soar to its all-time high by November, according to crypto analyst Javon Marks. With bullish trends emerging and increased activity on the Shibarium network, a potential 350% price surge could be on the horizon for the popular meme coin.
Dreaming of paying in physical shops with your favorite meme coin? KuCoin's VISA card makes it possible.
Crypto analyst Javon Marks has provided a timeline for when the Shiba Inu price will reach its current all-time high (ATH) of $0.00008. This came as the analyst predicted a price surge of over 350% for the meme coin.
Trump-themed tokens like Maga Memecoin (CRYPTO: TRUMP), MAGA Hat (CRYPTO: MAGA) and Donald Tremp (CRYPTO: TREMP) are rallying in light of Donald Trump‘s surging election odds. What Happened: Coinmarketcap data shows political meme coins approaching a total market capitalization of $700 million, up 11% over the past 24 hours.
Data shared by the popular tracking platform Shibburn has revealed that the SHIB burn rate has shown an impressive 108% rise recently. However, there is a catch in this good news, despite nearly 100 million SHIB meme coins being torched in total.
"Always double-check information and invest wisely," the warning reads.
Shibarium daily transactions have witnessed an 85% crash, while Shiba Inu burns have dropped by 78%. This has raised concerns in the SHIB community, considering the impact they have on the Shiba Inu price.
October has yet to live up to its historically bullish nature on the broader cryptocurrency market. Bitcoin and most altcoins have fluctuated in price as market volatility prevented consistency in price growth.
The crypto markets are trying hard to validate a decent upswing before the end of the month. Meanwhile, the memecoins have also displayed a tendency to close the monthly trade on a bullish note as the most dominant one, Dogecoin is manifesting extreme strength.
Meme cryptocurrency Shiba Inu (SHIB) is experiencing short-term price volatility, but an artificial intelligence (AI) tool is forecasting that the token will likely see some stability and rally by the end of 2024.
Shiba Inu (SHIB) price has struggled to break past $0.00001961 since mid-June, with repeated attempts at this resistance level falling short, including another failed attempt in the last seven days.
In a recent tweet, Shiba Inu's pseudonymous marketing lead, Lucie has announced that an important upgrade for Shibarium NFT holders is coming. Now, these holders are going to have enhanced opportunities using their Shiboshi non-fungible tokens.
The Global crypto market cap rose by 0.44% to $2.29 trillion today. Uptober disappointed, failing to deliver the expected gains in the crypto market.
Will Solana, XRP, and Shiba Inu drive the next crypto bull run? Get insights on their latest price analysis, resistance levels, and outlook.
According to the team, “big things are on the way” for Shiboshis on Shibarium.
As whale-tier trading volumes have significantly decreased, Shiba Inu is no longer a member of the trillionaire club. This is concerning for the asset's price stability and future growth prospects.
Technical analysis shows Shiba Inu forming a potential reversal pattern at $0.00001690 with key support levels at $0.00001620 and $0.00001294, while maintaining a 97% price correlation with Dogecoin.
Shibarium stunned many observers with its massive transaction count blowout last week. At its peak, the Ethereum-based layer-2 scaling solution saw its transaction count jump as high as 4.77 million, a new yearly high for the protocol.
The Shiba Inu community has once again taken the broader crypto industry by storm, revealing plans for a major update on Monday. Notably, the meme coin's team is preparing a strategic upgrade for Shiboshis on Shibarium, as revealed by the coin's marketing lead recently.
