Tag Archives: Shiba Inu (SHIB)

TL;DR A whale turned a $3,800 investment in SHIB into over $6 million, with remaining holdings valued at $52 million. Another trader previously saw a 628x ROI from a $2,500 SHIB purchase, potentially gaining $1.58 million. The Multi-Million Trade The meme coin sector is full of tokens that have experienced colossal price increases in the past few years, thus giving savvy traders the chance to make substantial profits. Among the notable examples is Shiba Inu (SHIB), which...

TL;DR Shiba Inu’s price has fallen substantially lately, with declining burn rates and large transaction volumes signaling continued bearish momentum. On the other hand, reduced exchange reserves and SHIB’s RSI nearing oversold territory suggest that a potential rebound may be on the horizon. The Bad Days for the Bulls Might Not be Over The past two weeks have been quite successful for most leading cryptocurrencies. Bitcoin (BTC), for instance, saw its price surging by 10%,...

The cryptocurrency market is in retreat once again, with bitcoin dumping below $95,000 for the second time since Monday evening. While many altcoins are also deep in the red, the ever-volatile meme coin sector has produced some of the most violent corrections. Although there are many success stories of small-time investors turning thousands of dollars into hundreds of thousands or even millions, the meme coin niche remains highly-volatile and risky, especially in times of...

TL;DR Shibarium has processed over 500M transactions and introduced key upgrades to boost the Shiba Inu ecosystem. Analysts suggest Shibarium’s progress could be one of the factors sparking a SHIB rally. Shibarium Keeps Progressing Shiba Inu’s layer-2 scaling solution officially launched in August last year. Since then, it has achieved numerous milestones. As CryptoPotato reported in November, the total number of transactions processed on the protocol has surpassed 500...

Shiba Inu’s blockchain underwent a considerable upgrade today. The Heimdall and Bor hard forks are live. They aim to improve performance and stability and include an upgradeable burn contract. The Heimdall Hard Fork According to the official documentation, the latest version of the Heimdall upgrade, namely v1.07-bone has been released for the Shibarium blockchain. Amid the numerous features of the upgrade are: Documentation enhancements Improvements to code validation...

TL:DR; Shiba Inu surged on Sunday but retraced hard on Monday, alongside the rest of the market. However, certain analysts believe this could be the calm before the storm, and they even envision a new all-time high for the popular meme coin. SHIB’s Monday Downfall CryptoPotato reported yesterday the positive price developments around the second-biggest meme coin. At the time, SHIB was the top performer from the larger-cap alts, having surged by over 15% on a 24-hour scale....

TL:DR; Shiba Inu is among the top three best-performing assets in the cryptocurrency industry today, surging by over 25% to a multi-month peak. Here are some of the possible reasons behind this massive rally. Shiba Inu on the Run Donald Trump’s victory in the 2024 US presidential elections impacted all financial markets, but the ever-volatile crypto industry is at the forefront of gains. This is particularly true this weekend since all other markets are closed, but crypto is...

TL;DR Community members are advised to follow official sources and avoid interactions with anyone claiming access to exclusive tokens or rewards. Fake groups and impersonators on Telegram are targeting users, so the team urges caution with linking wallets or sharing personal info. Another Alert Shiba Inu’s solid community (comprised of investors, proponents, and developers) is often targeted by bad actors who try to con victims and drain their funds. Earlier this week,...

Meme coins aren’t just speculative assets. They have slowly started representing a symbolic rebellion against established financial norms, aligning with the demographic and ideological shifts shaping modern markets, as highlighted by Binance Research’s latest report. Since 2022, the collective market cap of meme coins, measured as a share of Total 3 (the crypto market excluding BTC, ETH, and stablecoins), has nearly tripled from 4% to 11%, driven in part by a sense of...

TL;DR Shibarium-related metrics have headed north lately, while SHIB’s burn rate exploded by triple digits on a 24-hour scale. However, the recent shift from self-custody methods toward exchanges could be interpreted as a bearish factor for the meme coin’s price. Good News for SHIB Bulls? The second-largest meme coin has performed quite well in the past month, registering a 30% price increase. Despite being slightly in the red today (October 21), some important factors...