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news-imageOctober 3, 2024

What Happens to Shiba Inu Price if Solana Hits $2,000?

As the crypto market experiences a broad correction, Shiba Inu Coin (SHIB) and Solana (SOL) are also trading downward. Despite its strong fundamentals, Investors are left wondering how a potential surge in Solana's price to $2,000 could affect Shiba Inu's performance.
Publisher: Coingape
Sentiment: Neutral
SHIB
SOL

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Shiba Inu Burn Rate Soars 487% In A Day: What Is Going On?

Shiba Inu (CRYPTO: SHIB) has gained traction amid rising burn rates, sparking optimism among technical analysts about bullish momentum for the token. What Happened: According to Shibburn data, the burn rate for SHIB surged by 486.8% over the past day, with 5.9 million SHIB coins permanently removed from circulation.

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cover-imageThe Currency Analytics
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Shiba Inu to $0.01: Expert Weighs In on the Possibility

The dream of Shiba Inu reaching $0.01 remains one of the most talked-about and debated topics in the cryptocurrency community. While many analysts deem this goal unrealistic, renowned crypto expert Luis Delgado (also known as Del Crxpto) believes that the impossible is indeed possible for Shiba Inu, pointing to several past instances in the crypto market where unexpected price surges occurred.

Negative
cover-imageBenzinga
November 25, 2024

Solana Meme Coin Platform Pump.Fun Faces Backlash Over Scandalous Livestreams, But Polymarket Traders Aren't Convinced They'll Go Dark

Pump.fun, a decentralized platform for creating Solana (CRYPTO: SOL)-based meme coins, has come under intense scrutiny after reports of harmful and violent behavior surfaced on its livestream feature. What Happened: The platform, which has gained popularity in the crypto space, is now facing backlash from the community, with many calling for the livestream function to be disabled altogether until proper moderation tools are in place.

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cover-imageBenzinga
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Solana Meme Coin Platform Pump.Fun Faces Backlash Over Scandalous Livestreams, But Polymarket Traders Aren't Convinced It'll Go Dark

Pump.fun, a decentralized platform for creating Solana (CRYPTO: SOL)-based meme coins, has come under intense scrutiny after reports of harmful and violent behavior surfaced on its livestream feature. What Happened: The platform, which has gained popularity in the crypto space, is now facing backlash from the community, with many calling for the livestream function to be disabled altogether until proper moderation tools are in place.

Negative
cover-imageBenzinga
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Don't Get Fooled By The Success Of Dogecoin, Shiba Inu: 76% Of X (Twitter) Influencers Promote Dead Meme Coins, Study Reveals

A new report has revealed a startling trend in the cryptocurrency market: 76% of influencers on X (formerly Twitter( promoting meme coins are endorsing tokens that eventually lose nearly all their value. What Happened: The study, by CoinWire, analyzed 1,567 meme coins promoted by 377 influencers, uncovering that two out of three tokens they promoted are now classified as "dead.

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Solana Achieves $110B DEX Volume in November, Outpacing Ethereum

TL;DR Solana surpassed $100 billion in monthly DEX trading volume for the first time, reaching a total of $109.8 billion in November. Factors such as the memecoin frenzy and low transaction fees have driven its remarkable growth, doubling Ethereum's volume. The network also stands out with 107.

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