Tag Archives: Shiba Inu (SHIB)

While predicting the future of specific cryptocurrencies is not an exact science, market analysts often consider several aspects, including past performance, use cases, community participation, and broader market volatility. With that in mind, let’s examine whether Shiba Inu (SHIB) has the potential to outperform Ripple (XRP) in the future. For this particular question, though, we asked none other than ChatGPT. SHIB v. XRP Looking at their market caps, with a current...

In a surprising move, a large sum of Shiba Inu Tokens (SHIB), valued at millions, was transferred from the popular crypto exchange Bitvavo to an unidentified wallet. Based on insight from wallet tracker Whale Alert, the total number of SHIB transferred is about 4.6 trillion, valued at roughly $35.7 million. After further examination of the recipient address, @Loch_Chain implied that the wallet is newly minted with no history of past transactions. It is common for Bitvavo to...

Shiba Inu’s ecosystem has gone through quite a bit throughout the past few weeks. It saw what is probably one of the most important releases in its roadmap – the layer 2 scaling solution, thematically called Shibarium. The launch of the network didn’t go without problems, and developers had to temporarily take it private. As CryptoPotato reported earlier, the chain relaunched with the help of an unexpected ally – Sandeep Naiwal from Polygon. Shiba Inu Lead Developer With...

Shiba Inu’s native token has been demonstrating bearish price action over the past few weeks since getting rejected at a critical resistance level. Yet, a more severe decline may still occur in the short term. Technical Analysis By Edris The SHIB/USDT Chart On the USDT-paired chart, the price has been rejected from the $0.000011 resistance level, leading to an impulsive drop below the 50-day and the 200-day moving averages located around the $0.0000085 and $0.0000095 levels,...

In the ever-evolving world of cryptocurrencies, expert analyst Javon Marks has recently turned the spotlight on Shiba Inu (SHIB), forecasting potential new all-time highs for the popular meme coin. Per data from CoinGecko, Shiba Inu is currently 90.38% off its peak value of $0.00008616 as of October 28, 2021. However, according to Marks, the meme coin shows signs of a significant upward trajectory. His forecast comes after a thorough examination of SHIB’s recent price...

Following successful private testing, the highly anticipated Shibarium (L2) update is scheduled for public release, creating excitement among the community, with some fortunate members having already received bridged $BONE tokens. The news comes after Shiba Inu’s team confirmed the smooth operations of the platform, which is now awaiting its public debut. Since its start, Shibarium has processed over 22 million transactions from a large number of wallets in just four months....

Shiba Inu, the second-largest meme cryptocurrency, recently cracked a new major milestone, with total tokens burnt surpassing 410 trillion SHIB. Based on Etherscan, the amount of SHIB tokens locked in the SHIB burn address recently reached 410.35 trillion tokens, currently valued at about $3.41 billion. Vitalik Buterin remains the largest SHIB burner of all time, two years after burning about 410.24 trillion SHIB in May 2021. It’s this historical ban that popularized SHIB...

XRP and SHIB whales are inducing ripples in the crypto market, with massive new token purchases igniting speculations of potential price actions in these assets. Data from Whale Alerts reveals a string of significant transactions involving trillions of SHIB moving between wallets. On Aug. 21, an investor and holder of wallet 0xc684d6c5 purchased 4,653,778,173,637 SHIB worth $36,797,424 from a Bitvavo sender. Later, wallet 0xc684d6c5 sent about 4,639,778,173,637 SHIB valued at...

SHIB bounced, but failed to move above the key resistance. Key Support levels: $0.0000080, $0.0000070 Key Resistance levels: $0.0000085, $0.000010  1. Rejection at Key Resistance The price found support at $0.0000080 and tried to move higher but was quickly rejected once reaching the resistance at $0.0000085. Since then, the cryptocurrency fell back on the key support, which is now put under pressure again. Chart by TradingView2. Sellers Dominate In the past nine days,...

Shiba Inu (SHIB), Pepe (PEPE), and Bone Shibaswap (BONE) are among the top five trending coins in the market today. Interestingly, none of them is making the headlines for a good reason. Data from CoinMarketCap indicates the three meme coins are currently all in the red. BONE is down 12.83% in the last 24 hours, and more than 20% over the last seven days. On its part, Shiba Inu is currently 8.16% below its price from the previous day and 10.5% over the week. At 2.15%, PEPE...