Tag Archives: Shiba Inu (SHIB)

TL;DR Shiba Inu’s layer-2 scaling solution is set for a major update on May 2, aiming to enhance user experience and streamline transaction fees. The amendment aims to improve the platform’s security, with more details to be shared closer to the launch date. The Approaching ‘Transformative Upgrade’ The team behind Shiba Inu announced on X that the layer-2 scaling solution, Shibarium, will undergo an important update on May 2 through “an upcoming hard fork.”  The advancement...

TL;DR Shiba Inu raised $12 million from global investors, aiming to make Shibarium a central hub for meme-themed projects. The price of SHIB has risen 17% over the past week, with analysts predicting further increases in the near term. Shiba Inu’s Multi-Million Initiative According to a document shared with CryptoPotato, the team behind the popular meme coin – Shiba Inu – raised $12 million from various non-US strategic partners, including Animoca Brands, Polygon Ventures,...

Meme coins have been at the forefront of the 2024 bull run, with many surging by double-triple-quadruple digits in the past few months. However, that trend changed in mid-March when the crypto market’s run was halted, and many retraced hard. Another change seems to be on the horizon, this time in a more positive manner, as the four best-performing assets from the top 100 alts today are coming from the meme coin realm. CryptoPotato reported earlier that Bitcoin had tapped...

TL;DR Shibarium, Shiba Inu’s layer-2 scaling solution, released a new update to improve user experience and platform speed. Since its launch, the network has achieved notable milestones, including over 400 million transactions and a recent surge in daily transactions, which may positively impact SHIB’s price. Shibarium Keeps Progressing The team behind Shiba Inu’s layer-2 scaling network – Shibarium – revealed the launch of a new user interface (UI) update, describing it as...

TL;DR The Shiba Inu burn rate exploded again, an effort aimed to reduce the asset’s circulating supply and make SHIB more valuable in time. However, the price remains deep in red territory amid an overall market collapse.  SHIB Burn Rate Takes Off The team behind the popular meme coin – Shiba Inu – keeps removing a substantial amount of tokens from circulation. Data shows that the burn rate has skyrocketed by almost 500% in the past 24 hours and 193% on a weekly scale. This...

TL;DR Shiba Inu’s layer-2 solution, has seen a sharp increase in both active accounts and daily transactions, signaling network growth. Developments in Shibarium may fuel a potential rally for SHIB, which is already recovering alongside other meme coins like MEW and DOGE. Shibarium Keeps Progressing Shiba Inu’s layer-2 blockchain solution – Shibarium – once again made the headlines, experiencing a significant revival.  Latest data shows that active accounts on the network...

TL;DR Shiba Inu (SHIB) has recently dropped in value but is predicted to rebound strongly due to favorable technical signals and recent breakout patterns. Positive signs for the meme coin include a decrease in exchange netflows, advances in its Shibarium layer-2 solution, and a significant increase in its burn rate. Where is SHIB Headed? The cryptocurrency market experienced a severe correction on April 12, with the prices of numerous digital assets dropping to multi-week...

TL;DR ChatGPT predicts that well-known cryptocurrencies could lead the meme coin sector in April due to their substantial community support, while also highlighting the rising popularity of new contestants. The chatbot stresses the importance of thorough market research and awareness of the risks involved in investing in such volatile assets. No Surprises? The meme coin sector has made serious waves lately, with numerous assets of that type charting impressive price rallies...

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) Ethereum is found in a difficult position. The price fell by 7% this week, and now all the pressure is on the key support at $3,350. If this level fails, then the price might retreat below $3,000. The rally that started in October 2023 has finally found a local top at $4,000, which is a key resistance. For this reason, this correction is significant and may last for quite a...

TL;DR Shiba Inu achieved a two-year high in its price last month, topping the list of the most-traded digital assets on one popular cryptocurrency exchange. Despite a recent price dip, multiple analysts, including prominent figures on social media platforms, predict a bullish future for SHIB, with forecasts ranging from reaching all-time highs to doubling in price. Shiba Inu’s Success Last Month The second-largest meme coin experienced a solid rally in March, with its price...