Data shared by the Shibburn tracking platform in a recently published X post shows that in the past day the burn rate of the popular meme-inspired cryptocurrency has demonstrated a mind-blowing five-digit increase.

Should you diversify into MKR now that MakerDAO is demonstrating healthy activity and growth? Here's what our findings reveal.

Shiba Inu price continued rising on Saturday, as analysts anticipated big moves ahead, with some expecting it to double, mirroring that of Dogecoin. Analyst Expects Shiba Inu Price To Break Out SHIB price was trading at $0.00002735 on November 23, up by 152% from its lowest point in August this year.

Shiba Inu (SHIB) could be gearing up for a significant price surge following the withdrawal of more than 1.67 trillion SHIB tokens from cryptocurrency exchanges. This massive outflow has raised expectations among analysts that the reduction in available supply could help drive up the price of SHIB.

Shiba Inu (SHIB) is currently consolidating after a massive rally earlier this month, which saw the token surge to $0.00003046 (on Binance). However, the momentum waned as SHIB retraced to levels below $0.00002303.

The market uptrend sparked by Donald Trump's November 5 US presidential election victory has entered its third week. Increased trading activity has pushed many major cryptocurrencies to new all-time highs, while lower-cap tokens have seen sharp value spikes, delivering significant gains to traders.

Bitcoin trades just a few hundred dollars from $100,000. What will altcoins do if the price milestone is hit?

A crypto analyst has drawn a distinct comparison between the Dogecoin and Shiba Inu price movements, noting that the trajectory of both meme coins closely mirrors each other. While he points out these similarities, the analyst has projected the next bullish target for Shiba Inu as its price action shows signs of a potential uptrend.

The burn rate for Shiba Inu ($SHIB) blew up by 2225% on Thursday amidst a surge of interest in meme coins. Shiba Inu tokens, which collectively have a market cap of $14.

Here's the latest achievement of Shibarium.

Shiba Inu's daily chart has been consolidating in a triangle pattern, suggesting a possible breakout in the near future. On-chain data does, however, point to a worrying pattern.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are trading around 3% higher in a single day boosted by the optimism in the cryptocurrency market. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin $0.3923 $57.6 Billion +2.8% +5.3% Shiba Inu $0.00002496 $14.7 Billion +4.2% +3.1% Trader Notes: Analysts see bullish potential for the top two meme coins.

SHIB is gearing up for a massive bullish breakout as analysts predict a major upside for the altcoin, citing multiple bullish patterns. In a Nov.

Shytoshi Kusama, known in the crypto space as a leading voice in the ecosystem around the Shiba Inu (SHIB) token, made a number of high-profile comments on social network X. The comments touched on both the entire cryptocurrency market and the popular meme-inspired Shiba Inu token in particular.

Shiba Inu price continues to consolidate around a key level, but two unique chart patterns point to big a move ahead. If the pattern successfull breaks out SHIB could almost double in value.

Technical analysis reveals a bull pennant formation in Shiba Inu's price action, suggesting potential for a 53% rally to $0.000037 if the $0.000025 resistance level is breached.

Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins.

The Maker (MKR) token has seen a notable surge in whale activity, with large transactions jumping by a staggering 1,400%. Despite this increase in large-scale transactions, technical indicators and on-chain metrics are sending mixed signals about the future direction of MKR's price.

Crypto whales acquired 1.67 trillion SHIB tokens from the exchanges in the past 24 hours.

An analyst has explained how Shiba Inu could kickstart a new rally to this price target if it can break through the $0.000025 resistance level. Shiba Inu Is Currently Trying To Break Past The $0.000025 Resistance In a new post on X, analyst Ali Martinez has discussed a pattern that has been forming in the SHIB price recently.

Shiba Inus supply took a significant hit on November 21, as its burn rate rose 2225% with 14.58 million tokens destroyed. Despite a 2% price decline, market sentiment stays bullish amid monthly gains and favorable on-chain trends.

Is Shiba Inu's bull flag formation a sign of market confidence or just a temporary spike?

The triangle pattern formation that Shiba Inu is currently showing on its daily chart may pave the way for noteworthy price action. In the case of SHIB, triangle patterns frequently signal a period of consolidation prior to a clear market move, which may provide the groundwork for a robust upward rally.

The GMMEME index, which tracks key memecoins such as PEPE, SHIB and DOGE, has surged over 90% in November.

Shiba Inu (SHIB) price has experienced a significant surge this November, riding the wave of a bullish cryptocurrency market trend. The meme coin has demonstrated robust upward momentum, signaling strong potential for continued growth heading into 2024.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has laid out a strategic plan focused on driving mainstream adoption and enticing centralized exchange (CEX) support for Shibarium, Shiba Inu's Ethereum Layer-2 solution.

Hyve, a data availability protocol secured by the permissionless shared security platform Symbiotic, has announced a collaboration with Lido to introduce wrapped stETH as its first collateral.

With Bitcoin (BTC) reaching new highs this week, altcoins have also drawn increased attention, notably with price momentum in meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).

Shiba Inu (SHIB) is forming s a bull flag, signaling a move to $0.000037 if SHIB can break past the $0.000025 resistance, as just reported by Ali Martinez, a prominent crypto analyst who is considered a technical analysis expert.

Some coins keep setting new local peaks, while others have come back to the red zone, according to CoinStats.

Analyst predicts a major breakout for Shiba Inu, with a potential 60% price increase if the cryptocurrency can break through the $0.000025 resistance level.

The coin powering The Open Network, Toncoin ($TON), could soon overtake both its direct competitor, Avalanche ($AVAX), and the second biggest meme coin by market cap, Shiba Inu ($SHIB), according to the latest figures. Toncoin has barely moved at all in the last 24 hours, and still trades for around $5.42.

Check out the latest alert issued by Shibarium Trustwatch.

Shiba Inu (CRYPTO: SHIB) is gaining bullish momentum as traders eye a potential breakout off the back of Bitcoin hitting a new all-time high. What Happened: Shiba Inu's burn rate has increased by 209%, with 11.6 million SHIB removed from the ecosystem in the past 24 hours, according to Shibburn data.

A federal court in California has ruled that members of Lido DAO, the decentralized autonomous organization (DAO) behind the popular Lido staking protocol, are legally liable under the state's partnership laws. This ruling marks a significant step in the ongoing efforts to clarify the legal status of decentralized organizations within the United States and could have broad implications for the crypto space.

For Maker to confirm a bullish breakout, it needs to flip the resistance at $1,550.

By 2024, the cryptocurrency market has seen the rise of a fully developed meme coin sector. Known for their high volatility, these assets offer the potential for massive returns — but they come with equally high risks.

A significant legal development occurred for Lido DAO as the U.S. District Court for the Northern District of California ruled against the decentralized autonomous organization (DAO) in a high-stakes lawsuit. Lido DAO had argued that it was not a legal entity and, therefore, could not be held accountable in court.

As the year 2024 is coming to an end, an overview of the best-performing tokens is a must. Prepare for 2025, or re-evaluate your 2024, here is your chance!

A recent ruling by the U.S. District Court for the Northern District of California has determined that Lido DAO, a cryptocurrency staking platform, qualifies as a general partnership under state law.

Lido DAO's efforts to shrug off a securities case have fallen through.

Shytoshi Kusama roasts Litecoin's assigned crypto gender switch, stirring a fiery tussle between the two meme coins.

A recent ruling from a California court has implications for decentralized autonomous organizations (DAOs), especially those involved in Ethereum (ETH) liquid staking.

Sky co-founder Rune Christensen told Decrypt that Solana support "marks the beginning of a new multi-chain era for USDS."

An unlikely outcome has resulted in a case reported by an investor against Lido DAO. The court has ruled that since Lido DAO is an association of more than two persons, it falls under partnership laws.

Judge Vince Chhabria, in his ruling, raised concerns about whether individuals in the cryptocurrency industry can avoid legal accountability by using unconventional legal structures to profit from innovative financial instruments.

Popular meme-inspired cryptocurrency Shiba Inu (SHIB) continues to dominate the news headlines, this time due to the wild imbalance of liquidations that emerged over the past 24 hours. Thus, according to data from CoinGlass, over the past 24 hours, the volume of liquidations with Shiba Inu token futures amounted to $2.65 million.

Shiba Inu (SHIB) has recently caught the attention of the crypto community, with its marketing lead, Lucie, expressing confidence in the token's current position and predicting a potential price surge to $0.00006861. Despite some recent price fluctuations, Lucie reassured the community that Shiba Inu is “doing just fine,” and the team is optimistic about its future performance.