Tag Archives: Shiba Inu (SHIB)

High centralization can lead to increased influence by a few entities, potentially undermining the decentralized ethos that crypto strives to uphold. However, centralization continues to be a major bone of contention in space. As such, popular project tokens – Polygon (MATIC) and Shiba Inu (SHIB) – have emerged as the leading examples of high concentration of holdings among top wallets. Centralization Concerns in MATIC and SHIB According to the data shared by Santiment,...

TL;DR Kraken added Shiba Inu as collateral for futures trading, enhancing its support for the popular meme coin. Robinhood and Coinbase have also enabled new trading services for SHIB earlier this year. SHIB’s Adoption on the Rise The US-based cryptocurrency exchange Kraken officially listed Shiba Inu (SHIB) on its platform in November 2021. Since then, it has increased its support for the self-proclaimed Dogecoin-killer, enabling various trading services with it. Earlier...

TL;DR Shibarium has processed over 418 million transactions and implemented key upgrades, including some hard forks to enhance network performance. The network introduced a burn portal to reduce SHIB supply, with BONE tokens playing an essential role in the process. Happy Birthday, Shibarium Shibarium is a layer-2 blockchain solution built on the Ethereum network, specifically designed to foster the development of the Shiba Inu ecosystem. Its main purposes include lowering...

This week, XRP, SHIB, and TRX entered greed territory. TRON took the lead with an impressive 27% price increase. Chart by TradingView1. TRON/USD In a surprising turn, TRX is approaching its all-time high at 18 cents. This is a key target for the current rally, which has made the chart bullish. This latest push comes after a successful breakout above 15 cents, which is now a key support. Chart by TradingViewTron is standing at $0.16 at press time. 2. XRP/USD XRP started the...

Blockchain technology is unique! Where else can you track the holdings of big investors in real time, check out their latest moves, portfolio values, and more? We’ve decided to dabble into some of the larger holders of one of the most popular meme coins in the market – Shiba Inu (SHIB) and stumbled upon an interesting finding. Government Holding Shiba Inu (SHIB)? Data from the popular crypto resource firm Arkham reveals that the US Government is one of SHIB’s large holders....

The broader meme coin category has declined throughout the past seven days, charting a drop of almost 8% across all the coins that are tracked (on CoinGecko). And while DOGE and SHIB are not amongst the worst performers, they are still down more than 7% on the weekly. The last 30 days have been quite challenging for SHIB, especially as the meme coin is down almost 22%, and the chart looks worrisome. Source: CoinGeckoAs you can see from the chart, the volume is also dwindling,...

The cryptocurrency market is going through a rough patch at the moment, with many coins withdrawing from their respective yearly highs. According to the popular cryptocurrency Fear and Greed Index, the market is currently in a state of “Extreme Fear,” indicating the ongoing uncertainty among participants. Source: Alternative.meThat said, we decided to have some fun with ChatGPT and ask one of the more pressing questions, comparing three of the most popular altcoins as of...

The Shiba Inu team has come up with an important announcement that’s integral to the ongoing and long-term development of the project. In a tweet from August 16th, the team said that the long-awaited community Burn Portal is now live. Introducing Shib Torch! The long-awaited community Burn Portal is now live. Every Shibarium L2 transaction now helps burn SHIB, reducing the total supply. Introducing #ShibTorch! The long awaited community Burn Portal is now live. Every...

TL;DR Shiba Inu investors are being targeted by scammers on Telegram offering fake airdrops and impersonating legitimate entities. Community members are cautioned to avoid scams related to the TREAT token, as it hasn’t seen the light of day yet. Scam Alert Shiba Inu is among the most popular meme coins, boasting one of the biggest communities across all cryptocurrencies. As such, it is no wonder that SHIB investors often become targets of hackers who attempt to con them...

TL;DR The layer-2 solution, Shibarium, is launching a hard fork on August 9, launching a burn mechanism. Shibarium continues to advance with upgrades aimed at improving transaction speed, scalability, and lowering costs, fostering the development of the Shiba Inu ecosystem. The Upcoming Development Shibarium – Shiba Inu’s layer-2 scaling solution – continues to make the headlines due to its rapid progress in terms of processed transactions or overall advancements. Most...