Tag Archives: Shiba Inu (SHIB)

TL;DR Shiba Inu’s value surged, outperforming Cardano in a significant indicator signaling ecosystem growth. Associated cryptocurrencies, BONE and TREAT, saw major price increases, while LEASH did not follow this trend. Shiba Inu’s Progress One of the leading meme coins by market capitalization – Shiba Inu – erased a zero from its valuation following a rally experienced earlier this week. The coin’s performance remained solid in the following days, with its price charting...

TL;DR Binance expanded its margin program with new isolated and cross margin options. The exchange is also removing certain pairs due to low performance, as part of its regular updates and reviews to maintain trading quality and volume. The world’s largest cryptocurrency exchange increased the number of trading pairs offered on its margin program. SHIB/FDUSD, DOT/FDUSD, WLD/FDUSD, LDO/FDUSD, NEAR/FDUSD, and TIA/FDUSD were added as new isolated margin pairs, while ADX/USDT...

TL;DR Shiba Inu’s daily active addresses have seen a substantial increase, signaling growing interest and a potential price rally. Other developments, such as the burning mechanism and Shibarium’s progress, might also positively affect SHIB’s value. While Shiba Inu’s price has underperformed as of late, some essential indicators related to the second-largest meme coin by market capitalization have been on a substantial rise. According to IntoTheBlock data, SHIB daily active...

TL;DR One forecast suggests a 51% rise in Shiba Inu price in the near future. SHIB’s aggressive token burning, the advancement of Shibarium, and other factors can positively impact the asset’s value. SHIB’s Chances of Price Ascent Shiba Inu’s valuation has been underperforming lately, falling by 4.5% on a weekly scale (per CoinGecko’s data). Despite standing far from its all-time high levels (registered in 2021), the asset remains an intriguing topic and is often a subject...

TL;DR Shibarium’s usage and growth metrics show strong adoption, with transactions and wallet addresses increasing. This growth could positively impact Shiba Inu’s price, which has seen a modest rise recently. Shiba Inu’s layer-2 blockchain solution – Shibarium – continues to make waves, frequently smashing various milestones. On February 19, daily transactions on the network surged to 3 million, whereas the number of total transactions surpassed the 360 million mark. Wallet...

TL;DR Shiba Inu’s burn rate spiked drastically, significantly reducing its circulating supply. The development aligns with SHIB’s recent price increase amid a general upswing in the cryptocurrency market. The popular meme coin Shiba Inu witnessed a burn rate spike of 1,400% for the past 24 hours, resulting in more than 60 million tokens being removed from circulation. Since the beginning of the year, the number of destroyed assets has surpassed the 9 billion mark. Shiba Inu...

TL;DR Some important elements indicate a potential upswing for Shiba Inu in the short term. Developments in SHIB’s layer-2 blockchain solution and a resurgence of the meme coin sector could support this rally. Is it Time for a SHIB Rally? Shiba Inu (SHIB), similar to many other cryptocurrencies, has underperformed in the past several days, with its price plunging by 3% on a two-week scale (per CoinGecko’s data). However, some essential metrics and factors hint that the...

TL;DR Shibarium sees a surge in transactions and wallet addresses. SHIB’s price drops, aligning with a general downturn in the cryptocurrency market. The Latest Achievement Shiba Inu’s layer-2 blockchain solution – Shibarium – made waves again, with total transactions surpassing 300 million. The achievement follows a successful month, during which the network witnessed daily transactions in the range of 1.2 – 7.8 million. Shibarium Daily Transactions, Source: ShibariumscanIn...

TL;DR Dogwifhat (WIF), a Solana-based meme coin, saw a substantial price increase recently. A potential surpassing of Shiba Inu’s market cap hinges on factors like community support, use cases, market trends, and more. What are the Chances? The Solana-based meme coin – dogwifhat (WIF) – has been among the best-performing cryptocurrencies in the past two weeks, with its price exploding by triple digits (per Coingecko’s data) and market cap briefly exceeding $450 million. WIF...

TL;DR Shiba Inu experienced a substantial increase in its token burn rate, but its price continues to decline. Shibarium saw a rise in daily transactions, signaling growth in the meme coin’s ecosystem. Burn Rate Goes Through the Roof The popular meme coin – Shiba Inu – witnessed a burn rate increase of nearly 3,000% in the past 24 hours, resulting in over 30 million tokens being removed from circulation. The program aims to reduce the circulating supply of SHIB, making it...