Shiba Inu price has retreated for two consecutive days, even as the burn rate jumped by over 3,400%. Shiba Inu (SHIB), the second-largest meme coin, retreated to $0.00002765, down by 16.2% from its highest level this month.
The official X account of the layer-2 blockchain Shibarium @ShibariumNet spreads the word about launching major upgrades for the Shibarium mainnet.
DOGE is currently the seventh-largest cryptocurrency.
Due to on-chain data showing a possible influx of 33.7 trillion SHIB in the next 24 hours, Shiba Inu is getting ready for volatility. The price performance of the token and the general dynamics of the market may be significantly impacted by this enormous activity.
The latest SHIB burn data has once again ignited a tidal wave of optimism surrounding the renowned dog-themed meme crypto, Shiba Inu. Notably, the meme coin's supply continues to take a blow, as indicated by a nearly 3,400% upsurge in the burn rate on Tuesday.
Bitcoin (BTC) continued to trade in a range, oscillating between $94,000 and $98,000, maintaining its price over the past ten days, even though other prominent cryptocurrencies registered substantial gains.
With the ever-changing landscape of cryptocurrency, investors are all on a hunt for the next billion-dollar opportunity. With numerous altcoins vying for attention, three contenders stand out as potential candidates to reach the coveted $1 mark: The altcoins of Rexas Finance (RXS), Dogecoin (DOGE), and Tron (TRX).
Shiba Inu's (CRYPTO: SHIB) 72% monthly gain and its active coin-burning mechanism continue to fuel optimism among traders. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002905 $17.1 Billion +1.6% +21% Dogecoin (CRYPTO: DOGE) $0.4164 $61.2 Billion +1.7% +10.2% Pepe (CRYPTO: PEPE) $0.00002025 $8.5 Billion +1.1% +12% Trader Notes: Crypto trader Bluntz Capital expects meme coin enthusiasm to reignite retail interest in projects like Dogecoin, Shiba Inu and Floki.
The popular meme coin Shiba Inu has been showing strong growth, rising by over 21% in just a week and 73% since November. As the crypto market rallies this December, SHIB looks ready for even more growth.
In the ever-evolving crypto landscape, Chainlink (LINK) and Shiba Inu (SHIB) represent two significant approaches.
Shiba Inu (SHIB) records 13% daily gain reaching $0.00003061, posts 109% three-month growth, while analyst projects potential 179% increase to $0.000081 amid ecosystem developments.
Crypto analyst Trader Tardigrade has suggested it is too early to sell Dogecoin at its current price level. This came as he provided a profit-taking zone for the foremost meme coin in this market cycle.
A widely followed crypto strategist believes it's only a matter of time before top memecoin Dogecoin (DOGE) erupts. Pseudonymous analyst Bluntz tells his 301,200 followers on the social media platform X that DOGE only needs to take out its diagonal resistance at around $0.50 to ignite rallies to a fresh all-time high.
Shiba Inu (SHIB) has displayed significant performance over the past few weeks. Trading at $0.00001712 early in November, the meme token soared 93% to $0.000033159 on late 1 December. The robust uptrend saw the frog-themed cryptocurrencies exploring price levels not seen over the past eight months.
Dogecoin surpassed $62 billion in market capitalization while experiencing major whale movements of $102 million and record network activity with 9.23 million active addresses.
As the bullish momentum grips the cryptocurrency market, the Shiba Inu price is showing strong signs of upward movement. The popular meme coin recently surged by 20%, reaching new price highs and fueling investor optimism.
Data shared by the popular blockchain wallet tracker Shibburn has revealed that an anonymous whale has burned a mammoth-sized amount of Shiba Inu meme coins in just a single transaction.
Dogecoin has surged past a $62 billion market cap, reaching $0.44 with strong on-chain activity.
Last week, large crypto investors, known as whales, were very active in buying three main altcoins: Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP). Dogecoin (DOGE) Whales bought about $636 million worth of DOGE, causing its price to skyrocket by 85%.
XRP is still at the top of the cryptocurrency market, up 20% in just one day, reaching $2.44. As of right now, its market capitalization is $132 billion, making it the fourth-largest cryptocurrency in terms of market value.
Dogecoin (DOGE) price has seen a retracement in the last 24 hours after failing to breach the resistance at the intra-day high of $0.4602. During the dip, Dogecoin whales have transferred over $100 million worth of DOGE, signaling significant market interest in the asset.
Shiba Inu (SHIB) is stirring up excitement again. The meme-based cryptocurrency has seen bullish momentum lately, grabbing the attention of investors and analysts alike.
Onboarding to crypto just got easier. Apps using Coinbase's Onramp payments feature can now onramp from fiat-to-crypto using their Apple Pay Wallets.
Shytoshi Kusama, the face of Shiba Inus decentralized movement, has vowed to thwart challenges facing SHIB DAO. His pledge to defend the ecosystem and empower SHIB holders reflects the teams readiness for decisive actions against threats.
Cryptocurrency markets are trading lower on Monday, with selected altcoins recording significant gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,068.16 -0.98% Ethereum (CRYPTO: ETH) $3,618.32 -2% Solana (CRYPTO: SOL) $224.74 -4.5% Dogecoin (CRYPTO: DOGE) $0.4257 -0.5% Shiba Inu (CRYPTO: SHIB) $0.00002918 -4.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12.5% and daily active addresses falling by 12.4%.
After surging over 330% in a six-week span, Dogecoin (DOGE) has been navigating a period of consolidation, maintaining a sideways trajectory for the past three weeks. This remarkable rally was initially propelled by speculative bets on Donald Trump's victory in the US presidential election, colloquially referred to as the “Trump trade.
In a whirlwind day for Dogecoin, over 439 million DOGE worth $184 million shifted across major exchanges and wallets. The transfers involving Binance, Coinbase, and Robinhood suggest possible market preparation or heightened security measures as DOGE prices dropped 3.22%.
Dogecoin's (CRYPTO: DOGE) strong November performance has given way to a period of consolidation, but traders remain bullish about further upside to come. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4204 $61.8 Billion -3.3% +4.3% Shiba Inu (CRYPTO: SHIB) $0.00002926 $17.2 Billion -6.7% +14% Pepe (CRYPTO: PEPE) $0.00002003 $8.4 Billion -11.4% +4.4% Trader Notes: Crypto trader Bluntz predicts an imminent breakout from Dogecoin's three-week range, expecting a "violent" upside move similar to its previous rally.
Former U.S. presidential candidate and upcoming head of the newly-created Department of Governmental Efficiency (DOGE) Vivek Ramaswamy says that the federal government's regulatory overhead will experience a “drastic” reduction, the President-elect Donald Trump associate revealed in a December 1 X post. Ramaswamy is set to slash federal regulations through DOGE alongside X CEO Elon Musk come January. The post DOGE Head Vivek Ramaswamy Says ‘Drastic' Reduction Coming To Federal Regulations appeared first on Cryptonews.
Traders are buying Bitcoin price dips below $95,000, but will it be enough to prevent a sharper correction in BTC and altcoins?
Dogecoin shows strong breakout potential against Bitcoin, backed by a surge in on-chain activity.
The Dogecoin price has just broken out from a unique Ascending Triangle pattern, signaling that it could be gearing up for its next critical level. Following recent market trends, Dogecoin (DOGE) has shown resilience, aiming to hit the $1 threshold despite failing to surpass resistance levels.
Shiba Inu (CRYPTO: SHIB) is down 9%, despite a soaring burn rate and increasing transaction volumes fueling optimism for its long-term trajectory. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002889 $17 Billion -9.5% +13.2% Dogecoin (CRYPTO: DOGE) $0.4177 $61.4 Billion -3.2% +3.2% Pepe (CRYPTO: PEPE) $0.00001993 $8.4 Billion -10.9% +4.3% Trader Notes: InvestingHaven predicts SHIB could climb to $0.
Is SHIB preparing for a new all-time high soon?
Robinhoods transfer of 70 million Dogecoin to Coinbase, worth $30.62 million, has sparked discussions across crypto markets. Concurrently, Bernie Sanders has joined forces with Elon Musks D.O.G.E initiative, boosting investor confidence and anticipation of a potential rally.
Shiba Inu's burn rate surged over 7000% last week while its price action turned bullish.
Shiba Inu has experienced a significant uptrend since September, pushing its price to multi-month highs. This rise allowed SHIB to capitalize on the bullish market sentiment and record a 24% gain over the past 24 hours.
Bears are more active than bulls on the first day of the week, according to CoinStats.
Dogecoin rally aims $10 with the all time high level breakout. However, the upcoming token unlock worth $42M warns of a rocky road.
Popular dog-themed meme coin Shiba Inu is currently riding the bullish wave, attracting notable gains following the renewed momentum of the general crypto market. This recent uptrend of Shiba Inu has fueled robust optimism within the community about its potential for a significant rally in the upcoming weeks.
Two main factors appear to be contributing to Shiba Inu's recent price performance. They are market sentiment and community backing.
Shiba Inu (SHIB), the second-largest meme coin, presents a unique trend that suggests a potential rally ahead. This development coincides with an increased Shiba Inu burning rate over the past month.
In a flurry of activity that has caught the attention of the crypto community, over 439 million Dogecoin (DOGE) have been moved in the last 24 hours.
Coinbase Inc. (NASDAQ:COIN) CEO Brian Armstrong has called on the newly established Department of Government Efficiency (D.O.G.E.) to tackle what he describes as a glaring failure of global Anti-Money Laundering (AML) regulations.
Dogecoin rallies toward $0.50, but analysts warn of potential sell signals. Will bullish momentum prevail, or is a pullback imminent?
Crypto analyst Kevin Capital has warned about bearish indicators for the Dogecoin price. The analyst stated that Dogecoin has flashed its first sell signal since its bull run began and revealed what to watch out for following this development.
With a 13% decrease over the past day Shiba Inu saw a major decline. This drop comes after a robust rally earlier in the week in which SHIB broke through significant resistance levels and rose as high as $0.000033 before falling back to $0.000029.
A trader known for making timely altcoin calls is revealing his true bull market price target for memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 300,100 followers on the social media platform X that he believes DOGE will go much higher than most people expect.