Tag Archives: SHIBUSD

Shiba Inu (SHIB) has seen its price fade over the past few days. Measured since its all-time high, it dropped more than 50% earlier today, before recovering slightly to where it currently trades. Many in the cryptocurrency are currently playing the “I told you so” card as the price of Shiba Inu (SHIB) is down almost 50% since its all-time high charted just a week ago. The tides seem to have turned considerably as the euphoria that the market saw back then has now turned to...

Key Support level: $0.000047 Key Resistance level: $0.000054 SHIB’s bullish momentum has vanished and now the coin seems to be back to reality – a point that we discussed in the last analysis. After SHIB broke below the descending triangle in blue, the selloff started and has not faded one bit since. It’s another day of major losses for SHIB holders as the coin drops a further 20%. The exit sign was given when the bottom of the triangle became resistance after being support...

The US Senator Cynthia Lummis does not believe memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE) are “here to stay.” She opined that Bitcoin (BTC) is the only decentralized commodity, while the rest of the crypto assets behave like securities. Memecoins Are Not Like Bitcoin Despite garnering a lot of attention and tapping new all-time highs during 2021, investors should beware when dealing with memecoins like Shiba Inu and Dogecoin, asserted Republican Senator Cynthia...

It appears that investors are more interested in memes than they were ever before. SHIB’s strong price action has lured even the skeptics under its hood, and the latest data reveals impressive results. The hype around the dog-inspired cryptocurrency Shiba Inu has grown so much that it has emerged as the fifth most called smart contract on the Ethereum network. Shiba Inu’s (SHIB) Growing Appeal According to the latest data compiled on Dune Analytics, Shiba Inu has even...

Dog-coins became one of the most bizarre yet exciting trends within the crypto market in 2021. The meteoric rise of the meme-inspired cryptocurrency, Dogecoin (DOGE), had prompted other developers to create many dog-themed coins, hoping to share in the success story of their predecessor. While many of these projects do not make it to the spotlight, some, like Shiba Inu (SHIB), took the market by storm and even outperformed DOGE on the top 10 largest cryptocurrencies by market...

The infamous whistleblower Edward Snowden opined somewhat negatively on Shiba Inu and its ability to bring fortune to its holders. According to him, the meme coin is nothing more than a “clone of dog money” that can turn to be a highly dangerous investment strategy. Do Not Mortgage The Farm to Buy SHIB In a recent tweet, the former National Security Agency consultant – Edward Snowden – became the next in line to comment on the current craze in regards to Shiba Inu (SHIB)....

Retail investors have always played a major role in the cryptocurrency space, but it seems they are yet to arrive at the Bitcoin scene now; at least, this is what Google searches show for the largest cryptocurrency. Simultaneously, it seems they have a new favorite – Shiba Inu. Retail Are Not Here for Bitcoin Bitcoin and retail investors have frequently moved hand in hand. Back in 2017, when the cryptocurrency charted its then ATH of $20,000, smaller investors were primarily...

SHIB has recently broken below an ascending trendline which maintained the price for the past eight days, since the 23rd of October. Following a 13% daily decrease, Shiba Inu is now more than 25% far below Thursday’s all-time high level and currently facing the $0.000060 key support. Key Support level: $0.000060 Key Resistance level: $0.000066 After Shiba’s massive rally in the past weeks, the price has initiated a deep correction and has managed to find support above the...

After another failure at $63,000, bitcoin has headed south and is close to testing $60,000 once more. Most alternative coins have also bled out in the past 24 hours, including a substantial drop for Dogecoin and Shiba Inu. Will BTC Retest $60K? The primary cryptocurrency went through a roller-coaster on Thursday when it plummeted from $61,500 to $56,500 in minutes. This came after recovering from the latest sub-$60,000 price slump. However, the asset bounced off just as...

In May, Ethereum’s Co-Founder – Vitalik Buterin – burned 410,24 trillion Shiba Inu tokens which would now be equivalent to $27.8 billion. Additionally, he donated 50 trillion SHIB ($3.4 billion calculated at today’s prices) to India, struggling with the COVID-19 infection by that time. Five Months Difference Dogecoin’s success since the beginning of 2021 has led to the rise of many copycats that aimed to steal from its public attention. Arguably the most popular one is Shiba...