Shiba Inu lead developer Shytoshi Kusama has set a bold vision to take SHIB into the top five cryptocurrencies by 2025. In a major milestone, the community burned 61.4 million SHIB in 24 hours, sending the burn rate surging by over 5,500%.
SHIB burn rate jumps 5545% overnight! Will rising burns and new Binance tools drive prices up?
Amid ongoing price consolidation, whales appear to be making big bets on Shiba Inu (SHIB), the second-largest cryptocurrency by market cap. Over the past two weeks, SHIB has been consolidating within a tight range between $0.00002287 and $0.00002644. Whales and Institutions Strong Action During this range, whales and institutions have accumulated a substantial 5.
Dogecoin (DOGE) Price recently surged to $0.48, its highest level since 2021, while surpassing Porsche in market capitalization at $58 billion.
Amidst the recent bull run, whilst other cryptocurrencies have displayed impressive surge in recent weeks, the price of Shiba Inu has been discouraging. SHIB recorded only 35% gains in the last four weeks. However, Dogecoin has surged by 143% during the same period, and PEPE saw an impressive 105% monthly gains.
The Shiba Inu price is currently witnessing a significant correction alongside Bitcoin. However, crypto analysts have suggested that Shiba Inu can experience a parabolic rally if the flagship crypto were to enjoy a bullish reversal above $100,000.
The meme-inspired cryptocurrency Shiba Inu has seen its daily burn rate soar last month by over 24,000% to 270.7 million tokens as the price of the cryptocurrency soared around 35.1% over the last 30 days. According to data from Shiba Inu burn rate tracker Shibburn a total of 270.
Popular crypto analyst Altcoin Sherpa is warning that Ethereum (ETH) may have a steep correction in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 233,100 followers on the social media platform X that ETH/BTC could decline more than 35% from its current value. “ETH: I don't know if this bottoms until 0.
Shibarium is making waves in the DeFi industry. Data from DeFiLlama shows that Shibarium's DeFi TVL has soared to $3.76 million, marking its highest level in 30 days.
Altcoins are surging and dominating headlines, with Dogecoin (DOGE) surpassing luxury automaker Porsche by market cap amid news of a DOGE ETP launch. Top altcoins such as Cardano (ADA), Ripple (XRP), Stellar (XLM), and Ether (ETH) continue to gain impressively, signalling the imminent arrival of the altcoin season.
Shiba Inu (SHIB) coin holders, instrumental in the meme coin's recent recovery, are driving the potential for another rally. Over the past three days, a significant number of SHIB tokens have been moved off exchanges, signaling strong activity.
Dogecoin, Shiba Inu, and Bonk have formed bullish price patterns and are correcting from their respective resistance levels, creating potential buying opportunities.
Dogecoin price has performed well this month, reaching $0.4795, its highest level since May 2021, as the broader crypto rally gained momentum. Dogecoin (DOGE) traded at $0.40 on Nov. 28, marking a 365% increase from its September low.
The Shiba Inu lead Shytoshi Kusama in a latest tweet has shared an AI-generated image depicting ‘how it feels trying to give utility to a meme coin and take it from top 15 to top 5, in less than 5 years, and without a huge budget'. He clarified that he was talking about SHIB.
After a strong performance last week, Dogecoin (DOGE) faced a slight pullback due to broader market volatility, mainly driven by Bitcoin's fluctuating price.
Shiba Inu price plunged 17% to hit $0.000024 on Thursday, Nov 28. Traders spotted buying the dip as SHIB sets up for a major breakout in December.
Polymarket traders are split on Dogecoin's (CRYPTO: DOGE) trajectory as Inauguration Day approaches, with a 41% chance for DOGE to hit the 69 cents milestone by Jan. 20 next year. This represents a slight dip in confidence from the 53% chance on Nov.23.
In a recent tweet, the enigmatic Shiba Inu lead Shytoshi Kusama addressed issues of working with a meme coin to give it utility and then take it to the top five list of cryptocurrencies. He then specified that he was talking about SHIB.
Dogecoin is at a critical $0.40 resistance. A breakout could lead to $0.43 or if it fails, then a dip to $0.36 seems likely.
One of the two Dogecoin founders, Billy Markus who created the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has commented on the recent Bitcoin price surge.
Dogecoin price has witnessed a remarkable surge in November, securing its place among the top-performing cryptocurrencies. The meme-inspired digital asset has consistently climbed in value, defying broader market trends and showing resilience against corrections.
Today, Nov. 28, is Thanksgiving Day in the U.S., which means the country's financial markets are closed. For the cryptocurrency market, this means that there is no activity on the part of traditional market participants in the area of Bitcoin ETFs and Ethereum ETFs in particular.
In the last 24 hours, the meme coin market has witnessed a growth of 4.1%. In line with the trend, the second-largest meme coin by market cap, Shiba Inu, has recorded a surge of 3.2%. Notably, during this period, the burn rate of Shiba Inu has experienced a remarkable rise of 5545.73%.
Shiba Inu's token burn rate increased by 4500% as 53.61 million tokens were destroyed, while Binance expanded trading options and the price rose 5% to $0.00002557.
Valour, a subsidiary of DeFi Technologies, launched the Valour Dogecoin (DOGE) ETP on Sweden's Spotlight Stock Market. The ETP allows retail and institutional investors to gain exposure to the world's largest memecoin, Dogecoin (DOGE).
Whale sell-offs spike 712% while burn rate surges 4500%. Explore key levels and what these developments mean for SHIB's price outlook.
Users will be able to stake their dogecoin to receive their earnings.
Popular dog-themed meme coin Shiba Inu may be transitioning towards bullish territory once more as SHIB seems to be regaining its upward momentum for another notable rally after a recent price decline, which caused the token to drop to the $0.000023 level.
Dogecoin trades near $0.41 with increased institutional interest and strong technical indicators, supported by the launch of Nordic's first Dogecoin ETP and robust trading metrics showing growing market participation.
Data shared by the blockchain tracker Shibburn has revealed that in the last day, the SHIB army has managed to shovel another big meme coin lump into “inferno” wallets, removing tens of millions of SHIB.
Shiba Inu coin has again reverberated bullishness across the broader market on Thursday, witnessing a staggering 4500% uptick in the SHIB burn rate. Latest burn data indicated that over 50 million coins were taken out of the token's circulating supply, underlining the crypto's potential to pump ahead.
Shiba Inu (SHIB) has been stuck in a bit of a holding pattern, but something could be brewing. The price is sitting at $0.00002552, and it's been up about 3.77% recently. But here's the kicker—SHIB is forming a symmetrical triangle on the charts. If you're into technical analysis, you know this often signals a breakout.
DOGE flips Porsche, reaching $54.7B market cap. What does this mean for the future of meme coins?
Despite Dogecoin (DOGE) still being 45% below its all-time high of $0.7316, achieved in 2021, DOGE has experienced a notable year-to-date gain of over 400%. When writing, the memecoin leader trades at $0.404, up 5.6% in the past 24 hours.
The crypto market remains green today, according to CoinMarketCap.
Crypto analyst Philip has asserted that the Dogecoin price rally is only just beginning despite the gain of over 300%, which the foremost meme coin has enjoyed this year. The analyst used technical analysis to explain why DOGE will still go way higher.
A crypto pundit has suggested that the Dogecoin price rally is far from over, forecasting mid-term targets between $2.2 and $3.46 for the dog-themed meme coin. According to his detailed price chart, Dogecoin is currently in wave 3 of the Elliott Wave Theory and set for a significant price surge.
An analyst known as a “Master Trader” on the crypto exchange Bybit thinks that Dogecoin's (DOGE) correction is over. Pseudonymous analyst Bluntz tells his 299,300 followers on the social media platform X that the top memecoin's parabolic rally is in its early days.
SHIB's triangle pattern shows an indecision, will Shiba Inu break out or fall below support?
Bitcoin, Ethereum, and even Dogecoin are experiencing a surge in prices ahead of Thanksgiving after dipping at the start of the week.
The first-ever Dogecoin Exchange Traded Product (ETP) has been officially launched, sparking excitement for a possible DOGE price rally. Combined with several other bullish factors which have fueled the recent surge in the DOGE price, this new ETP positions the top meme coin for a potential 100% increase to new highs.
Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,719.50 +5.3% Ethereum (CRYPTO: ETH) $3,599.43 +8.8% Solana (CRYPTO: SOL) $239.41 +4.5% Dogecoin (CRYPTO: DOGE) $0.4042 +6.6% Shiba Inu (CRYPTO: SHIB) $0.00002545 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%.
Bitcoin's strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.
Shiba Inu whales made waves with a 712% surge in token outflows, unloading 7.48 trillion SHIB in 24 hours. The dramatic activity coincided with an 8% price drop, leaving traders on edge about the cryptocurrencys next move.
Binance has rolled out trading bots for SHIB and APE, alongside zero-fee promos, creating a buzz in the altcoin market. Price surges in SHIB, APE, and EIGEN suggest a rally could be on the way.
GOAT Network said that Dogecoin holders can lock up their meme coins to help secure the yet-to-be-launched Bitcoin layer-2.
Dog-themed cryptocurrency Dogecoin (DOGE) is currently at a critical juncture, with the market closely monitoring its price action as it approaches a significant resistance level.