Tag Archives: Shiba Inu (SHIB)

Shiba Inu developers revealed that the Shibarium public beta platform will be launched sometime this week. The plan for the layer-2 platform was first unveiled in January this year. It was viewed as a major step for the Shiba Inu ecosystem from being a mere memecoin to offering a way for the SHIB community to access faster and cheaper transactions, with increased scalability and enhanced security. The team backing the token revealed building Shibarium on top of the Ethereum...

Shiba Inu was the most popular crypto in new wallets over the past week, an on-chain analytics firm recently found. Banking was a boring subject for the Baby Boomer generation, but in the Internet of programmable money, finance is fun. If asked to guess what they thought was the most popular first coin for new crypto adopters over the past week, many people would probably guess Bitcoin. But that doesn’t seem to be the case. Neither is it the number two crypto by market cap,...

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The five-star hotel W Dubai – The Palm allowed guests to pay for accommodation in Shiba Inu (SHIB). Another luxurious venue in the city where travelers can settle bills in digital currencies, such as BTC and ETH, is Palazzo Versace Dubai. The American multinational fast food restaurant franchise – Subway – also jumped on the bandwagon. Three of its outlets situated in Berlin started accepting bitcoin as a means of payment. The Palm Embraced SHIB W Dubai – The Palm – one of...

Adam Aron – CEO of AMC Theatres – revealed that cryptocurrencies and other digital payment methods accounted for more than a third of the online payments for the company during Q1, 2022. The largest movie theatre chain in the world accepts several digital assets, including Bitcoin, Ether, Litecoin, Bitcoin Cash, Dogecoin, and Shiba Inu. AMC’s Decision to Embrace Crypto Labeled a Success Last year, the entertainment firm jumped into the digital asset ecosystem by allowing...

After failing to maintain the critical support level, Shiba Inu’s native token crashed and is on a path to setting a new local low. Key Support level: $0.000017 Key Resistance level: $0.000020 The support at $0.000020 turned into solid resistance on Saturday and today’s price action confirmed the breakdown with another daily red candle. The next key support is found at $0.000017 and SHIB, heading there, could find a temp relief upon reaching the support level. Chart by...

Despite the listing on Robinhood, SHIB has lost most of its recent gains. Key Support level: $0.000023 Key Resistance level: $0.000028 The rally last week, which was following the news, could not hold SHIB’s price above the key resistance at $0.000028. Since then, SHIB has dropped back toward the critical support at $0.000023, where it found a local bottom. However, the overall price action is turning bearish despite some attempts from buyers to change this. Chart by...

Key Support level: $0.000023 Key Resistance levels: $0.000028 SHIB went through a massive spike once the news of it being listed on Robinhood broke out. Despite the 35% surge, the cryptocurrency quickly returned under the key resistance at $0.000028, failing to convert this news into a sustained rally. The support at $0.000023 continues to hold since March. Chart by TradingViewTechnical Indicators Trading Volume: The volume exploded last Tuesday as the news broke out but...

The American financial services company – Robinhood – allowed its customers to deal with Shiba Inu (SHIB), Solana (SOL), Polygon (Matic), and Compound (COMP). The additions come after last week, the firm rolled out its cryptocurrency wallet to two million users. According to a recent blog post, Robinhood Markets Inc. included four new digital assets on its trading platform. These include the popular memecoin – Shiba Inu, the sixth largest crypto token by market capitalization...

As crypto markets reignite this week, the infamous memecoin Shiba Inu is also seeing some newfound price action. However, a look at the token’s holder count wouldn’t exactly suggest a revival of consumer interest. According to data from CoinMarketCap, the number of on-chain addresses holding SHIB has declined by over 60,000 within the last two weeks. Specifically, there were 1,199,453 token holders on March 16th, as opposed to 1,135,593 as of March 28th. This downward trend...