SHIB
128.2M προβολές
30,631 Δημοσιεύσεις
Jump into the vibrant world of #SHIB! Explore the thriving Shiba Inu community, where innovation meets investment. Whether you're following SHIB's latest trends or diving into its expansive ecosystem, there's always something exciting to discover. Connect with fellow enthusiasts, share insights, and stay updated with #SHIB. Join the conversation and be part of the movement!
Δημοφιλές
Πιο πρόσφατα
Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz
Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz
#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz
Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz
#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB
An astounding 70,000% increase in the burn rate of Shiba Inus (SHIBs): Is It Going to Set Off That Much-Delayed Price Explosion?
Surprisingly, the Shiba Inu (SHIB) burn rate has seen a 'astronomical' spike, increasing by more than 68,000% in only one day.
The cryptocurrency world is quite interested in this increase since it was recorded by Shibburn, a website that tracks the burning of SHIB tokens.
The most recent statistics from Shibburn show that the Shiba Inu community as a whole has been responsible for a dramatic increase in SHIB burns. An astounding 68,316% increase in the burn rate occurred yesterday, when seven wallet addresses burned 7.6 million SHIB tokens.
Particularly noteworthy were three transactions originating from these addresses; one wallet, '0x60,' burned around 4.3 million SHIB. This wallet, which processed the biggest single transaction, also had another massive burn, increasing its day total to be over 5 million Shiba Inu.
Notably, the second wallet, '0xc6,' also burned 1.5 million SHIB tokens barely an hour earlier, although a lesser quantity than the first.
The total amount of Shiba Inu withdrawn from circulation has reached about 410.7 trillion due to the significant rise of burnt tokens; the current circulating supply is 589.2 trillion.
There will be little short-term impact on the market price of Shiba Inus, but the long-term goal is to increase prices owing to scarcity caused by their persistent removal from circulation.
Market price for SHIB has not kept pace with the excitement in burn metrics, even though there has been a lot of burn activity. The price of SHIB has dropped 0.5% in the last 24 hours, reaching $0.00002325. This decline is a continuation of the general trend of declining prices; SHIB has dropped almost 6% in the last week.
The chief social media marketer for the SHIB team, Lucie, discussed the possibility of a SHIB-based exchange-traded fund (ETF) on Elon Musk's X platform earlier today, amid these market actions.
#SHIB $SHIB
Surprisingly, the Shiba Inu (SHIB) burn rate has seen a 'astronomical' spike, increasing by more than 68,000% in only one day.
The cryptocurrency world is quite interested in this increase since it was recorded by Shibburn, a website that tracks the burning of SHIB tokens.
The most recent statistics from Shibburn show that the Shiba Inu community as a whole has been responsible for a dramatic increase in SHIB burns. An astounding 68,316% increase in the burn rate occurred yesterday, when seven wallet addresses burned 7.6 million SHIB tokens.
Particularly noteworthy were three transactions originating from these addresses; one wallet, '0x60,' burned around 4.3 million SHIB. This wallet, which processed the biggest single transaction, also had another massive burn, increasing its day total to be over 5 million Shiba Inu.
Notably, the second wallet, '0xc6,' also burned 1.5 million SHIB tokens barely an hour earlier, although a lesser quantity than the first.
The total amount of Shiba Inu withdrawn from circulation has reached about 410.7 trillion due to the significant rise of burnt tokens; the current circulating supply is 589.2 trillion.
There will be little short-term impact on the market price of Shiba Inus, but the long-term goal is to increase prices owing to scarcity caused by their persistent removal from circulation.
Market price for SHIB has not kept pace with the excitement in burn metrics, even though there has been a lot of burn activity. The price of SHIB has dropped 0.5% in the last 24 hours, reaching $0.00002325. This decline is a continuation of the general trend of declining prices; SHIB has dropped almost 6% in the last week.
The chief social media marketer for the SHIB team, Lucie, discussed the possibility of a SHIB-based exchange-traded fund (ETF) on Elon Musk's X platform earlier today, amid these market actions.
#SHIB $SHIB
Over 10,000 Signatures Help Shiba Inu ETF Petition Take Off
Shiba Inu supporters have pushed for a SHIB ETF since the SEC approved Spot Ethereum ETFs. The newest step is a petition to Grayscale, a major Crypto ETF maker, to establish a Shiba Inu ETF.
Over 10,000 Signatories Support Shiba Inu ETF
An unexpected turn of events saw the Shiba Inu group collect over 10,000 signatures for their petition to Grayscale to list an ETF. The Charge.org petition asks Grayscale CEO Michael Sonnenshein to consider a SHIB ETF.
First on the petition is Market Trends, which supports such an ETF. The petition claims that Shiba Inu is the second-most popular cryptocurrency in the US, surpassing Ethereum, which has SEC permission.
Improved accessibility and investment exposure are additional reasons. Since it eliminates wallet setup and directed purchases, a SHIB ETF is likely to make meme coin participation simpler for more investors.
Shiba Inu's regulatory compliance and security are the third argument. The petition claims that the meme currency is not a security under US law since it is built on Ethereum, which passes the Howey Test. Thus, the meme currency is legal, which may improve user confidence.
BitStarz Player Wins $2,459,124 Record! Could you win big next?
Last but not least, Shiba Inu crypto leadership. From 2020, meme coin has risen swiftly to become a top cryptocurrency. It has one of the strongest communities and is the 11th-largest cryptocurrency.
The petition, started in February 2024, seems to be slowing rapidly. However, the Spot Ethereum ETF approval frenzy has boosted it to around 10,500 signatures. Over 677 signatures have been added to the petition in 24 hours, suggesting enthusiasm.
The Shiba Inu ETF petition is presently approaching 15,000 signatures. Grayscale and CEO Michael Sonnenshein have not responded. XRP or Solana are expected to get ETF certification from the regulator next.
#ETHETFsApproved #SHIB $SHIB
Shiba Inu supporters have pushed for a SHIB ETF since the SEC approved Spot Ethereum ETFs. The newest step is a petition to Grayscale, a major Crypto ETF maker, to establish a Shiba Inu ETF.
Over 10,000 Signatories Support Shiba Inu ETF
An unexpected turn of events saw the Shiba Inu group collect over 10,000 signatures for their petition to Grayscale to list an ETF. The Charge.org petition asks Grayscale CEO Michael Sonnenshein to consider a SHIB ETF.
First on the petition is Market Trends, which supports such an ETF. The petition claims that Shiba Inu is the second-most popular cryptocurrency in the US, surpassing Ethereum, which has SEC permission.
Improved accessibility and investment exposure are additional reasons. Since it eliminates wallet setup and directed purchases, a SHIB ETF is likely to make meme coin participation simpler for more investors.
Shiba Inu's regulatory compliance and security are the third argument. The petition claims that the meme currency is not a security under US law since it is built on Ethereum, which passes the Howey Test. Thus, the meme currency is legal, which may improve user confidence.
BitStarz Player Wins $2,459,124 Record! Could you win big next?
Last but not least, Shiba Inu crypto leadership. From 2020, meme coin has risen swiftly to become a top cryptocurrency. It has one of the strongest communities and is the 11th-largest cryptocurrency.
The petition, started in February 2024, seems to be slowing rapidly. However, the Spot Ethereum ETF approval frenzy has boosted it to around 10,500 signatures. Over 677 signatures have been added to the petition in 24 hours, suggesting enthusiasm.
The Shiba Inu ETF petition is presently approaching 15,000 signatures. Grayscale and CEO Michael Sonnenshein have not responded. XRP or Solana are expected to get ETF certification from the regulator next.
#ETHETFsApproved #SHIB $SHIB
Shiba Inu Burn Rate Leaps 2955% Amid ETF Talks: Will SHIB Price Recover?
In a striking turn of events, the Shiba Inu (SHIB) token burn rate has surged by an astonishing 2,955% within the last 24 hours. This spike comes amid recent comments from Lucie, Shiba Inu's marketing lead, about the potential for a SHIB exchange-traded fund (ETF). Despite this significant burn rate increase, SHIB's price has continued to decline, showing no immediate signs of recovery.
Shiba Inu Burn Rate Soars Amid SHIB ETF Talks
The recent spike in the burn rate of SHIB tokens occurred during a period of downward price action for the token. The burn rate, tracked by the platform Shibburn, escalated by an impressive 2,955.25% on Tuesday, June 11. This increase has resulted in the incineration of a significant amount of SHIB tokens, theoretically reducing the overall supply and potentially increasing the token's value over time.
During the past 24 hours, the Shiba Inu community collectively burned a total of 7.47 million SHIB tokens across multiple transactions. Notably, two wallet addresses were prominent during this period. The first wallet, 0x608…, transferred 5.35 million SHIB tokens to a dead wallet through two transactions. Another wallet, 0xc66…, moved 1.53 million SHIB tokens to a dead wallet. Additionally, various other community members contributed to smaller token burns, driving the cumulative burned amount to an impressive total of 410.72 trillion SHIB tokens.
Excitement Over SHIB ETF
The dramatic increase in the burn rate coincides with growing discussions around a potential SHIB ETF. Lucie, Shiba Inu’s marketing head, recently commented on the possibility of such an ETF, which has sparked considerable interest among the Shiba Inu community. The approval of Spot Ethereum ETFs has fueled hopes for similar developments for SHIB.
Lucie expressed skepticism about whether institutional investors would recognize the significance of Shiba Inu, stating, “I honestly don’t know if institutions will understand how important SHIB is to people and their future finances.” Despite this uncertainty, she remains hopeful that major financial entities, such as BlackRock, will eventually appreciate Shiba Inu's potential. “I wish BlackRock would understand the magic and power of SHIB, but let’s see how visionary they are,” Lucie added.
Will SHIB Price Rebound?
Currently, Shiba Inu has struggled to maintain a position above the critical resistance level of $0.000025. Previous reports suggest that if SHIB's price can surpass this threshold, it could potentially rise to $0.00003 in the short term and possibly reach $0.00005. Sustaining this level could even drive SHIB toward the ambitious target of $0.0001. However, SHIB is still far from its all-time high of $0.00008845. To achieve such ambitious targets, the price must first recover above $0.000025.
This potential recovery might be fueled by the rapid burn rate and the excitement surrounding the SHIB ETF, but there are no guarantees. As of the latest update, SHIB's price has fallen by 3.45% to $0.00002249, while its market cap stands at $13.25 billion.
Contrarily, SHIB's 24-hour trading volume has surged by 43.05% to $627.17 million, potentially due to increased selloffs. Data from Coinglass shows $561,870 worth of SHIB long liquidations, which could exert further downward pressure on prices.
As the Shiba Inu community continues to engage in token burns and ETF discussions, the coming days will be critical in determining whether SHIB can overcome its bearish trend and achieve a significant price recovery.
$SHIB #Shibarium #SHIB
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Shiba Inu Burn Rate Soars Amid SHIB ETF Talks
The recent spike in the burn rate of SHIB tokens occurred during a period of downward price action for the token. The burn rate, tracked by the platform Shibburn, escalated by an impressive 2,955.25% on Tuesday, June 11. This increase has resulted in the incineration of a significant amount of SHIB tokens, theoretically reducing the overall supply and potentially increasing the token's value over time.
During the past 24 hours, the Shiba Inu community collectively burned a total of 7.47 million SHIB tokens across multiple transactions. Notably, two wallet addresses were prominent during this period. The first wallet, 0x608…, transferred 5.35 million SHIB tokens to a dead wallet through two transactions. Another wallet, 0xc66…, moved 1.53 million SHIB tokens to a dead wallet. Additionally, various other community members contributed to smaller token burns, driving the cumulative burned amount to an impressive total of 410.72 trillion SHIB tokens.
Excitement Over SHIB ETF
The dramatic increase in the burn rate coincides with growing discussions around a potential SHIB ETF. Lucie, Shiba Inu’s marketing head, recently commented on the possibility of such an ETF, which has sparked considerable interest among the Shiba Inu community. The approval of Spot Ethereum ETFs has fueled hopes for similar developments for SHIB.
Lucie expressed skepticism about whether institutional investors would recognize the significance of Shiba Inu, stating, “I honestly don’t know if institutions will understand how important SHIB is to people and their future finances.” Despite this uncertainty, she remains hopeful that major financial entities, such as BlackRock, will eventually appreciate Shiba Inu's potential. “I wish BlackRock would understand the magic and power of SHIB, but let’s see how visionary they are,” Lucie added.
Will SHIB Price Rebound?
Currently, Shiba Inu has struggled to maintain a position above the critical resistance level of $0.000025. Previous reports suggest that if SHIB's price can surpass this threshold, it could potentially rise to $0.00003 in the short term and possibly reach $0.00005. Sustaining this level could even drive SHIB toward the ambitious target of $0.0001. However, SHIB is still far from its all-time high of $0.00008845. To achieve such ambitious targets, the price must first recover above $0.000025.
This potential recovery might be fueled by the rapid burn rate and the excitement surrounding the SHIB ETF, but there are no guarantees. As of the latest update, SHIB's price has fallen by 3.45% to $0.00002249, while its market cap stands at $13.25 billion.
Contrarily, SHIB's 24-hour trading volume has surged by 43.05% to $627.17 million, potentially due to increased selloffs. Data from Coinglass shows $561,870 worth of SHIB long liquidations, which could exert further downward pressure on prices.
As the Shiba Inu community continues to engage in token burns and ETF discussions, the coming days will be critical in determining whether SHIB can overcome its bearish trend and achieve a significant price recovery.
$SHIB #Shibarium #SHIB
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Τάσεις
Here’s when Shiba Inu will hit 1 cent, according to ChatGPT-4o
Meme cryptocurrency Shiba Inu (SHIB) is experiencing short-term price volatility amid a sharp correction that occurred on June 7.
Despite current price movements, SHIB investors are focused on witnessing the token reduce the number of zeros in its price, with the one-cent mark remaining a likely target.
Based on SHIB’s underlying fundamentals, reaching this level is challenging. However, Finbold turned to OpenAI’s latest and most advanced artificial intelligence (AI) tool, ChatGPT-4o, to gather insights on when SHIB might hit $0.01.
To predict the timeline, the AI platform first acknowledged the underlying factors likely to propel SHIB to $0.01. ChatGPT-4o noted that market sentiment plays a crucial role, as cryptocurrencies can experience rapid price changes due to shifts in investor sentiment.
Increased adoption and new use cases can drive demand, significantly influencing the price of SHIB alongside regulatory changes. Moreover, technological developments within the Shiba Inu ecosystem can attract more investors, driving the price upward.
SHIB price targets
The AI tool noted that Shiba Inu would require major adoption, a strong bull market, and perhaps major technological or partnership developments to reach $0.01. Given its current price of $0.00002325, it would need to increase by approximately 430 times.
Optimistically, the AI platform assumed that in the event of a strong bull market and significant positive developments, it could take several years, with a timeline of 5-10 years.
In this case, to attain the $0.01 mark, SHIB will need to undergo significant buying pressure. Therefore, If Shiba Inu reaches a price of 1 cent, the market cap would be approximately $5.88 trillion.
Although ChatGPT-4o cited the challenge of attaining the $0.01 mark, it projected the most likely highest price level for SHIB. The tool noted that the price target would still be contingent on massive adoption and market dynamics.
According to ChatGPT-4o, assuming a highly optimistic market scenario, SHIB could potentially see a 10x to 100x increase from current levels. This would put SHIB in the range of $0.00023 to $0.0023 as the most realistic highest price target.
SHIB price prediction. Source: ChatGPT-4o
In the meantime, it’s worth noting that the Shiba Inu community has implemented measures to help the token gain momentum and compete. For instance, Shiba Inu heavily relies on initiatives such as token burning to provide more sustainability.
For instance, in early June, the token increased about 16,600% in token burning. Overall, the burn mechanisms are meant to reduce the overall supply of SHIB in circulation, potentially enhancing its value.
Shiba Inu price analysis
At press time, Shiba Inu was trading at $0.00002315, having corrected by over 7% in the last seven days.
SHIB seven-day price chart. Source: Finbold
In summary, SHIB’s price has generally been trending downwards from June 6th onwards. Notably, watching the price action around $0.000025 and $0.0000245 will be important, as breaking through these resistance points could lead to a possible bullish breakout.
On the flip side, observing how the price interacts with the $0.000023 and $0.0000225 support levels can offer buying opportunities.
#SHIB $SHIB
Despite current price movements, SHIB investors are focused on witnessing the token reduce the number of zeros in its price, with the one-cent mark remaining a likely target.
Based on SHIB’s underlying fundamentals, reaching this level is challenging. However, Finbold turned to OpenAI’s latest and most advanced artificial intelligence (AI) tool, ChatGPT-4o, to gather insights on when SHIB might hit $0.01.
To predict the timeline, the AI platform first acknowledged the underlying factors likely to propel SHIB to $0.01. ChatGPT-4o noted that market sentiment plays a crucial role, as cryptocurrencies can experience rapid price changes due to shifts in investor sentiment.
Increased adoption and new use cases can drive demand, significantly influencing the price of SHIB alongside regulatory changes. Moreover, technological developments within the Shiba Inu ecosystem can attract more investors, driving the price upward.
SHIB price targets
The AI tool noted that Shiba Inu would require major adoption, a strong bull market, and perhaps major technological or partnership developments to reach $0.01. Given its current price of $0.00002325, it would need to increase by approximately 430 times.
Optimistically, the AI platform assumed that in the event of a strong bull market and significant positive developments, it could take several years, with a timeline of 5-10 years.
In this case, to attain the $0.01 mark, SHIB will need to undergo significant buying pressure. Therefore, If Shiba Inu reaches a price of 1 cent, the market cap would be approximately $5.88 trillion.
Although ChatGPT-4o cited the challenge of attaining the $0.01 mark, it projected the most likely highest price level for SHIB. The tool noted that the price target would still be contingent on massive adoption and market dynamics.
According to ChatGPT-4o, assuming a highly optimistic market scenario, SHIB could potentially see a 10x to 100x increase from current levels. This would put SHIB in the range of $0.00023 to $0.0023 as the most realistic highest price target.
SHIB price prediction. Source: ChatGPT-4o
In the meantime, it’s worth noting that the Shiba Inu community has implemented measures to help the token gain momentum and compete. For instance, Shiba Inu heavily relies on initiatives such as token burning to provide more sustainability.
For instance, in early June, the token increased about 16,600% in token burning. Overall, the burn mechanisms are meant to reduce the overall supply of SHIB in circulation, potentially enhancing its value.
Shiba Inu price analysis
At press time, Shiba Inu was trading at $0.00002315, having corrected by over 7% in the last seven days.
SHIB seven-day price chart. Source: Finbold
In summary, SHIB’s price has generally been trending downwards from June 6th onwards. Notably, watching the price action around $0.000025 and $0.0000245 will be important, as breaking through these resistance points could lead to a possible bullish breakout.
On the flip side, observing how the price interacts with the $0.000023 and $0.0000225 support levels can offer buying opportunities.
#SHIB $SHIB
SHIBA INU (SHIB) DOWN 10% IN A WEEK!
Shiba Inu (SHIB) has plunged 10% in the past week, trading at $0.000022 due to low demand. Indicators like RSI (38.27) and MFI (35.21) show significant selling pressure, suggesting potential further declines. Key support is at $0.00002, while resistance is at $0.000024. Will SHIB rebound or continue to drop? Stay tuned! #ShibaInu #SHIB $SHIB #altcoins #bitcoin #TopCoinsJune2024
Shiba Inu (SHIB) has plunged 10% in the past week, trading at $0.000022 due to low demand. Indicators like RSI (38.27) and MFI (35.21) show significant selling pressure, suggesting potential further declines. Key support is at $0.00002, while resistance is at $0.000024. Will SHIB rebound or continue to drop? Stay tuned! #ShibaInu #SHIB $SHIB #altcoins #bitcoin #TopCoinsJune2024
Attention Shiba Inu (SHIB) investors: Will it go up?
The recent decline in the market has hurt the prices of leading crypto assets, including Shiba Inu (SHIB). At its current level of $0.00002220, the dog-themed memecoin is down 1.42 percent on monthly charts, 6.6 percent in the last seven days, and 3.47 percent in the last 24 hours.
The massive crash also impacted three key metrics related to SHIB, including burn rate, Shibarium daily transaction count, and whale adoption trends. It is of great importance to follow these elements as they can determine SHIB's price movement this week.
As of yesterday, the Shiba Inu burn rate dropped 74.5 percent in a 24-hour period, with only 271,470 SHIBs burned. The amount burned on June 10 is not enough to positively affect the price of Shiba Inu, whose market value is 13.08 billion dollars.
However, #SHIB burns gained momentum earlier today, with the burn rate increasing by 2,814 percent in the last 24 hours. This represents a daily SHIB burn of 7,912,388 (7.91 million) worth $175 at the current exchange rate.
Another important trend to watch is Shibarium's total number of transactions. In particular, Shibarium's adoption rate has dropped significantly due to the recent market downturn. Latest data shows that Shibarium adoption rate continues to drop to lower levels. Shibarium's total number of transactions, which was 8,780 on June 5, is currently around 4,360.
While these measurements may raise concerns among investors, the upside is that they could pave the way for a potential reversal in #SHIB price before this weekend. Interestingly, new investors may see this as an opportunity to purchase SHIB at discounted prices, potentially paving the way for a resurgence of interest among whales
Additionally, leading crypto exchanges including Coinbase and Robinhood have been shuffling a large amount of SHIB tokens in the last 24 hours. As previously reported, these two trading platforms moved 9.6 trillion SHIB in one day; This corresponds to 1.62 percent of the circulating supply of #ShibaInu .
$BTC $SHIB
The recent decline in the market has hurt the prices of leading crypto assets, including Shiba Inu (SHIB). At its current level of $0.00002220, the dog-themed memecoin is down 1.42 percent on monthly charts, 6.6 percent in the last seven days, and 3.47 percent in the last 24 hours.
The massive crash also impacted three key metrics related to SHIB, including burn rate, Shibarium daily transaction count, and whale adoption trends. It is of great importance to follow these elements as they can determine SHIB's price movement this week.
As of yesterday, the Shiba Inu burn rate dropped 74.5 percent in a 24-hour period, with only 271,470 SHIBs burned. The amount burned on June 10 is not enough to positively affect the price of Shiba Inu, whose market value is 13.08 billion dollars.
However, #SHIB burns gained momentum earlier today, with the burn rate increasing by 2,814 percent in the last 24 hours. This represents a daily SHIB burn of 7,912,388 (7.91 million) worth $175 at the current exchange rate.
Another important trend to watch is Shibarium's total number of transactions. In particular, Shibarium's adoption rate has dropped significantly due to the recent market downturn. Latest data shows that Shibarium adoption rate continues to drop to lower levels. Shibarium's total number of transactions, which was 8,780 on June 5, is currently around 4,360.
While these measurements may raise concerns among investors, the upside is that they could pave the way for a potential reversal in #SHIB price before this weekend. Interestingly, new investors may see this as an opportunity to purchase SHIB at discounted prices, potentially paving the way for a resurgence of interest among whales
Additionally, leading crypto exchanges including Coinbase and Robinhood have been shuffling a large amount of SHIB tokens in the last 24 hours. As previously reported, these two trading platforms moved 9.6 trillion SHIB in one day; This corresponds to 1.62 percent of the circulating supply of #ShibaInu .
$BTC $SHIB
How High SHIB Price Would Rise If ETH Hits $22,000 Based On Trending Forecast
Shiba Inu (SHIB), the popular meme coin, has fluctuated significantly, failing to meet investor expectations. Despite this, analysts are examining how it might react to a potential surge in Ethereum prices.
Leading investment firm VanEck recently made a bold prediction for Ethereum’s future. Their analysts believe ETH’s price could reach $22,000 by 2030, representing a staggering 498.9% increase from its current price of around $3,673.26. This forecast hinges on the recent approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC).
The approval of spot Bitcoin ETFs in January significantly impacted Bitcoin and the entire cryptocurrency market. These instruments allow investors to gain exposure to Bitcoin without directly holding the underlying asset. The result was a surge in investment, propelling Bitcoin to a new all-time high above $73,000 in under two months.
VanEck believes a similar scenario could unfold with Ethereum. Increased accessibility through spot ETFs could attract substantial capital inflows, potentially driving the price towards their projected $22,000 target by 2030.
Shiba Inu’s Price Correlation with Ethereum
An intriguing aspect of this prediction lies in the historical price correlation between Shiba Inu and Ethereum. At press time, data from IntoTheBlock showed a 0.71 correlation with Bitcoin and a 0.65 correlation with Ethereum over the last 30 days. These are high values, suggesting an increase in any of these tokens could significantly boost SHIB’s price.
In March, SHIB surged almost 400% as Bitcoin climbed to its new all-time high, and it could mirror this behavior when Ethereum begins its climb.
Potential Price Trajectory for Shiba Inu (SHIB)
If Shiba Inu follows a similar price trajectory as Ethereum in this scenario, it could reach unprecedented highs. SHIB is trading at $0.00002319, and if it climbs 65% of Ethereum’s expected surge, it could reach $0.00009839, surpassing its all-time high.
Assuming a perfect correlation value of 1 between SHIB and Ethereum, the meme coin could reach $0.0001388, eliminating one zero from its price. A legendary trader recently set the $0.0001 target for SHIB, and with increasing token burns and major developments in the SHIB ecosystem, the meme coin might match Ethereum’s potential surge and hit this target.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
Leading investment firm VanEck recently made a bold prediction for Ethereum’s future. Their analysts believe ETH’s price could reach $22,000 by 2030, representing a staggering 498.9% increase from its current price of around $3,673.26. This forecast hinges on the recent approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC).
The approval of spot Bitcoin ETFs in January significantly impacted Bitcoin and the entire cryptocurrency market. These instruments allow investors to gain exposure to Bitcoin without directly holding the underlying asset. The result was a surge in investment, propelling Bitcoin to a new all-time high above $73,000 in under two months.
VanEck believes a similar scenario could unfold with Ethereum. Increased accessibility through spot ETFs could attract substantial capital inflows, potentially driving the price towards their projected $22,000 target by 2030.
Shiba Inu’s Price Correlation with Ethereum
An intriguing aspect of this prediction lies in the historical price correlation between Shiba Inu and Ethereum. At press time, data from IntoTheBlock showed a 0.71 correlation with Bitcoin and a 0.65 correlation with Ethereum over the last 30 days. These are high values, suggesting an increase in any of these tokens could significantly boost SHIB’s price.
In March, SHIB surged almost 400% as Bitcoin climbed to its new all-time high, and it could mirror this behavior when Ethereum begins its climb.
Potential Price Trajectory for Shiba Inu (SHIB)
If Shiba Inu follows a similar price trajectory as Ethereum in this scenario, it could reach unprecedented highs. SHIB is trading at $0.00002319, and if it climbs 65% of Ethereum’s expected surge, it could reach $0.00009839, surpassing its all-time high.
Assuming a perfect correlation value of 1 between SHIB and Ethereum, the meme coin could reach $0.0001388, eliminating one zero from its price. A legendary trader recently set the $0.0001 target for SHIB, and with increasing token burns and major developments in the SHIB ecosystem, the meme coin might match Ethereum’s potential surge and hit this target.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
GameStop's bullish turnaround helps meme coins rebound
After Chairman and CEO Ryan Cohen won a Section 16(b) lawsuit, GameStop's stock rises 25%.
After a big drop earlier in the day, WIF, FLOKI, and BRETT are recovering.
Similar to GameStop's bullish turn, GME meme coin returns from significant losses.
Many meme currencies are recovering from Tuesday's market fall after GameStop stock gained over 25% in 24 hours.
GameStop rally may prevent meme coin dump.
In the last 24 hours, GameStop stock has rallied over 25% after Chairman and CEO Ryan Cohen won a 16b lawsuit over his stake in Bed Bath & Beyond Inc. After huge losses earlier in the day, numerous meme currencies have recovered.
Since May 29, Dogwifhat (WIF) has lost 38% in two weeks. The Solana meme currency hit a monthly low of $2.44 today before recovering in recent hours. WIF, which led the meme coin fever in March, has lost popularity.
According to Coinglass, WIF's trading volume rose 71% to $1.23 billion across Binance, Bybit, and OKX during the downturn. After the GameStop rise, bulls must have been buying meme coins at cheap rates, as they gained 2.5% in the previous few hours.
FLOKI lost about 7% of its value in 24 hours. Since hitting an all-time high of $0.0003449 on June 5, it has fallen, perhaps due to profit-taking. It's 30% below its peak.
According to IntoTheBlock, 97% of FLOKI is in the money, thus additional sell-offs may occur if the crypto market falls further.
Based on average purchase pricing, In/Out of the Money shows the amount of addresses/coins in profit or loss. If its current price is more than its average cost, an address/coin is in the money; otherwise, it is not.
As FLOKI's price fell, huge transactions quadrupled in three days, confirming prior sell-offs.
FLOKI's 30-day MVRV ratio is -8%, suggesting addresses that bought the meme currency in the previous 30 days lost 8%. This suggests a positive turnaround. FLOKI has risen roughly 2% in the previous four hours, suggesting buyers are returning.
#memecoins #FLOKI #SHIB #DOGE $SHIB
After Chairman and CEO Ryan Cohen won a Section 16(b) lawsuit, GameStop's stock rises 25%.
After a big drop earlier in the day, WIF, FLOKI, and BRETT are recovering.
Similar to GameStop's bullish turn, GME meme coin returns from significant losses.
Many meme currencies are recovering from Tuesday's market fall after GameStop stock gained over 25% in 24 hours.
GameStop rally may prevent meme coin dump.
In the last 24 hours, GameStop stock has rallied over 25% after Chairman and CEO Ryan Cohen won a 16b lawsuit over his stake in Bed Bath & Beyond Inc. After huge losses earlier in the day, numerous meme currencies have recovered.
Since May 29, Dogwifhat (WIF) has lost 38% in two weeks. The Solana meme currency hit a monthly low of $2.44 today before recovering in recent hours. WIF, which led the meme coin fever in March, has lost popularity.
According to Coinglass, WIF's trading volume rose 71% to $1.23 billion across Binance, Bybit, and OKX during the downturn. After the GameStop rise, bulls must have been buying meme coins at cheap rates, as they gained 2.5% in the previous few hours.
FLOKI lost about 7% of its value in 24 hours. Since hitting an all-time high of $0.0003449 on June 5, it has fallen, perhaps due to profit-taking. It's 30% below its peak.
According to IntoTheBlock, 97% of FLOKI is in the money, thus additional sell-offs may occur if the crypto market falls further.
Based on average purchase pricing, In/Out of the Money shows the amount of addresses/coins in profit or loss. If its current price is more than its average cost, an address/coin is in the money; otherwise, it is not.
As FLOKI's price fell, huge transactions quadrupled in three days, confirming prior sell-offs.
FLOKI's 30-day MVRV ratio is -8%, suggesting addresses that bought the meme currency in the previous 30 days lost 8%. This suggests a positive turnaround. FLOKI has risen roughly 2% in the previous four hours, suggesting buyers are returning.
#memecoins #FLOKI #SHIB #DOGE $SHIB
⚠️ Shiba Inu Community Targeted By Wallet Scam, Don’t Fall Victim
The Shiba Inu team has cautioned against a new scam attack targeting community members. These malicious attackers have executed a sophisticated wallet scam that threatens to drain the funds of unsuspecting SHIB investors.
🔸 New Scam Attack Targets SHIB Investors
Shibarmy Scam Alerts, an X (formerly account dedicated to exposing scams within the SHIB community, has issued an urgent warning about a new wallet scam targeting SHIB token holders. On June 8, the scam tracker disclosed that a new wave of fraudulent websites is spreading across the crypto space. Most of these malicious sites are typically distributed within different social media platforms such as X, discord, TG and more.
According to Shibarmy Scam Alerts, these scam sites pose a significant risk to their investors and users, aiming to trick community members into compromising their wallets by using fake wallet connection tools. These malicious attackers lure unsuspecting Shiba Inu investors by claiming that they need to connect their wallet accounts to collect rewards or resolve technical issues involved with liquidity pools.
The wallet connection tools also deceive SHIB holders into thinking that connecting their wallets via certain links is necessary for syncing with the Shiba Inu network. It’s important to note that these claims are entirely false and intended to steal users’ assets by jeopardizing their crypto wallet security.
The Shiba Inu community is one of the many cryptocurrency communities that are facing major challenges with scam attacks. The team has stayed dedicated to informing its investors and users of these scam attacks to protect them from financial loss and privacy risks.
Just a few days ago, Shibarmy Scam Alerts disclosed malicious scammers impersonating official Shiba ecosystem accounts via fake Telegram accounts. The scam tracker also unveiled other attacks involving fake airdrops, fraudulent Shib reward distribution programs and multiple impersonators.
$SHIB #SHIB
The Shiba Inu team has cautioned against a new scam attack targeting community members. These malicious attackers have executed a sophisticated wallet scam that threatens to drain the funds of unsuspecting SHIB investors.
🔸 New Scam Attack Targets SHIB Investors
Shibarmy Scam Alerts, an X (formerly account dedicated to exposing scams within the SHIB community, has issued an urgent warning about a new wallet scam targeting SHIB token holders. On June 8, the scam tracker disclosed that a new wave of fraudulent websites is spreading across the crypto space. Most of these malicious sites are typically distributed within different social media platforms such as X, discord, TG and more.
According to Shibarmy Scam Alerts, these scam sites pose a significant risk to their investors and users, aiming to trick community members into compromising their wallets by using fake wallet connection tools. These malicious attackers lure unsuspecting Shiba Inu investors by claiming that they need to connect their wallet accounts to collect rewards or resolve technical issues involved with liquidity pools.
The wallet connection tools also deceive SHIB holders into thinking that connecting their wallets via certain links is necessary for syncing with the Shiba Inu network. It’s important to note that these claims are entirely false and intended to steal users’ assets by jeopardizing their crypto wallet security.
The Shiba Inu community is one of the many cryptocurrency communities that are facing major challenges with scam attacks. The team has stayed dedicated to informing its investors and users of these scam attacks to protect them from financial loss and privacy risks.
Just a few days ago, Shibarmy Scam Alerts disclosed malicious scammers impersonating official Shiba ecosystem accounts via fake Telegram accounts. The scam tracker also unveiled other attacks involving fake airdrops, fraudulent Shib reward distribution programs and multiple impersonators.
$SHIB #SHIB
$SHIB is on the move!
The crypto's price is trending upwards with a 2.77% increase! Volume is steady, but will it keep climbing? Stay tuned to see if SHIB can keep the momentum going!
#SHIB #Binance200M #TopCoinsJune2024 #altcoins
The crypto's price is trending upwards with a 2.77% increase! Volume is steady, but will it keep climbing? Stay tuned to see if SHIB can keep the momentum going!
#SHIB #Binance200M #TopCoinsJune2024 #altcoins
🚀 Meme Coins to the Moon After the Dip: Top 3 Picks 🚀
The recent market dip has created exciting buying opportunities for meme coin enthusiasts. Here are the top 3 meme coins poised for a potential moonshot:
Dogecoin (DOGE): The original meme coin, backed by a strong community and endorsements from celebrities like Elon Musk, DOGE remains a favorite for many investors.
Shiba Inu (SHIB): Known as the "Dogecoin killer," SHIB has a robust ecosystem and plans for a decentralized exchange, making it a strong contender.
Floki Inu (FLOKI): Inspired by Elon Musk's pet, FLOKI has gained traction with its vibrant community and strategic partnerships.
#MemeCoins #DOGE #SHIB #FLOKI #ToTheMoon
$SHIB
$DOGE
$FLOKI
The recent market dip has created exciting buying opportunities for meme coin enthusiasts. Here are the top 3 meme coins poised for a potential moonshot:
Dogecoin (DOGE): The original meme coin, backed by a strong community and endorsements from celebrities like Elon Musk, DOGE remains a favorite for many investors.
Shiba Inu (SHIB): Known as the "Dogecoin killer," SHIB has a robust ecosystem and plans for a decentralized exchange, making it a strong contender.
Floki Inu (FLOKI): Inspired by Elon Musk's pet, FLOKI has gained traction with its vibrant community and strategic partnerships.
#MemeCoins #DOGE #SHIB #FLOKI #ToTheMoon
$SHIB
$DOGE
$FLOKI
Analyst Says Shiba Inu (SHIB) Is Impossible to Overlook. Here’s why
Asiwaju Lerry, a crypto analyst with teeming followers on X, recently highlighted the growing influence of meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), FLOKI, and BONK. Lerry’s statement underscores the undeniable presence of these meme coins within the broader crypto landscape, prompting investors to consider their potential impact.
The four meme coins mentioned by Lerry share a common theme – their branding revolves around dog imagery. Interestingly, all four have surpassed a billion-dollar market capitalization, a metric indicating their overall value within the crypto market. Dogecoin, the leader of the pack, boasts an impressive $21.37 billion market cap.
Shiba Inu follows closely behind at $14.06 billion, solidifying its position as the second-largest memecoin. Floki and Bonk hold the fifth and sixth spots, respectively, with valuations of $2.8 billion and $1.92 billion.
This sustained investor interest in meme coins is further fueled by the activity of large investors, often referred to as “whales.” These whales can significantly impact the market by moving substantial amounts of cryptocurrency. Last month, crypto analyst Ali Martinez revealed that large investors transferred a staggering 4 trillion SHIB to exchanges within two weeks.
Additionally, Lookonchain, a blockchain analytics platform, revealed that nine wallets, two of which belonged to whales, collectively acquired a significant amount of SHIB tokens (1.35 trillion) in a mere twelve hours, representing an investment of $35.2 million.
More recently, on June 5th, a whale on the Ethereum blockchain made a noteworthy purchase of 715.9 billion SHIB, valued at $18.44 million. These significant transactions highlight the growing enthusiasm surrounding meme coins, particularly Shiba Inu.
Shiba Inu (SHIB) Stands Out from the Crowd
Lerry’s recognition of Shiba Inu’s prominence is echoed by other prominent figures in the crypto space. Just recently, Ethereum researcher Justin Drake commented on Shiba Inu’s quality and market dominance.
In his analysis, Drake emphasized that Shiba Inu stands out from the multitude of meme coins, especially those launched on the Solana blockchain, due to its superior quality. He pointed out the illogical comparison of the combined market capitalization of all Solana-based meme coins (approximately $10 billion) to the singular value of Shiba Inu, which sits at $15 billion (before a recent market downturn).
The rise of Shiba Inu and other meme coins presents a fascinating development within the cryptocurrency market. While their origin may lie in internet memes, these tokens have garnered considerable investor interest and continue to hold influence.
The significant investment activity by whales and the recognition from crypto experts suggest that Shiba Inu, in particular, may have a more substantial role in the evolving crypto landscape.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
The four meme coins mentioned by Lerry share a common theme – their branding revolves around dog imagery. Interestingly, all four have surpassed a billion-dollar market capitalization, a metric indicating their overall value within the crypto market. Dogecoin, the leader of the pack, boasts an impressive $21.37 billion market cap.
Shiba Inu follows closely behind at $14.06 billion, solidifying its position as the second-largest memecoin. Floki and Bonk hold the fifth and sixth spots, respectively, with valuations of $2.8 billion and $1.92 billion.
This sustained investor interest in meme coins is further fueled by the activity of large investors, often referred to as “whales.” These whales can significantly impact the market by moving substantial amounts of cryptocurrency. Last month, crypto analyst Ali Martinez revealed that large investors transferred a staggering 4 trillion SHIB to exchanges within two weeks.
Additionally, Lookonchain, a blockchain analytics platform, revealed that nine wallets, two of which belonged to whales, collectively acquired a significant amount of SHIB tokens (1.35 trillion) in a mere twelve hours, representing an investment of $35.2 million.
More recently, on June 5th, a whale on the Ethereum blockchain made a noteworthy purchase of 715.9 billion SHIB, valued at $18.44 million. These significant transactions highlight the growing enthusiasm surrounding meme coins, particularly Shiba Inu.
Shiba Inu (SHIB) Stands Out from the Crowd
Lerry’s recognition of Shiba Inu’s prominence is echoed by other prominent figures in the crypto space. Just recently, Ethereum researcher Justin Drake commented on Shiba Inu’s quality and market dominance.
In his analysis, Drake emphasized that Shiba Inu stands out from the multitude of meme coins, especially those launched on the Solana blockchain, due to its superior quality. He pointed out the illogical comparison of the combined market capitalization of all Solana-based meme coins (approximately $10 billion) to the singular value of Shiba Inu, which sits at $15 billion (before a recent market downturn).
The rise of Shiba Inu and other meme coins presents a fascinating development within the cryptocurrency market. While their origin may lie in internet memes, these tokens have garnered considerable investor interest and continue to hold influence.
The significant investment activity by whales and the recognition from crypto experts suggest that Shiba Inu, in particular, may have a more substantial role in the evolving crypto landscape.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
#MarketSentimentToday
🚀🚀🚀Analyst Expects Shiba Inu Price to Soar 1000%
A crypto expert and Forbes 40 under 40 candidate predicted a large rise in Shiba Inu (SHIB) value. Elsayed believes the meme-based cryptocurrency may reach $0.00024, a 1,105% leap from its present levels.
Elsayed found a recurring pattern on SHIB's weekly chart (SHIB/USDT) in the second quarter of 2021, just after Binance, a prominent crypto exchange, started trading SHIB. He says Shiba Inu's historical data shows a tendency that would boost its price if replicated. After debuting on Binance, the cryptocurrency rose to $0.00005 the week of May 10, 2021.
Elsayed highlights a crucial moment in SHIB's market activity. The coin fell below a crucial support zone of $0.00001784 to $0.00001995 for approximately 120 days after hitting $0.00005. However, in October 2021, the bull market accelerated, pushing SHIB 343.64% from its support level to $0.00008854.
SHIB prices fell below crucial support levels during the correction and bear market, worsened by the Terra ecological collapse in May 2022. For 658 days, it struggled to reach $0.00001. SHIB rose 370% to $0.00004567 in March after a rebound.
Based on this data, Elsayed expects SHIB to follow a similar, if not more dramatic, trend. This next breakthrough might push SHIB's price to $0.0002404, boosting its market valuation to $141.6 billion. The crypto expert believes such is possible due to the market's cyclical nature.
After rallying to this year's peak in early March, Shiba Inu's price is consolidating on the daily SHIB/USD chart. After breaking out of a symmetrical triangle formation in mid-May, SHIB failed to close above the 0.382 Fibonacci retracement level of $0.00002883.
After this rejection, the price went below the 0.236 Fibonacci level and is fighting to find support at the 100-day EMA. A daily closing above $0.00002326 is essential to avoid a drop below the 200-day EMA at $0.00001977.
#SHIB #altcoins $SHIB
🚀🚀🚀Analyst Expects Shiba Inu Price to Soar 1000%
A crypto expert and Forbes 40 under 40 candidate predicted a large rise in Shiba Inu (SHIB) value. Elsayed believes the meme-based cryptocurrency may reach $0.00024, a 1,105% leap from its present levels.
Elsayed found a recurring pattern on SHIB's weekly chart (SHIB/USDT) in the second quarter of 2021, just after Binance, a prominent crypto exchange, started trading SHIB. He says Shiba Inu's historical data shows a tendency that would boost its price if replicated. After debuting on Binance, the cryptocurrency rose to $0.00005 the week of May 10, 2021.
Elsayed highlights a crucial moment in SHIB's market activity. The coin fell below a crucial support zone of $0.00001784 to $0.00001995 for approximately 120 days after hitting $0.00005. However, in October 2021, the bull market accelerated, pushing SHIB 343.64% from its support level to $0.00008854.
SHIB prices fell below crucial support levels during the correction and bear market, worsened by the Terra ecological collapse in May 2022. For 658 days, it struggled to reach $0.00001. SHIB rose 370% to $0.00004567 in March after a rebound.
Based on this data, Elsayed expects SHIB to follow a similar, if not more dramatic, trend. This next breakthrough might push SHIB's price to $0.0002404, boosting its market valuation to $141.6 billion. The crypto expert believes such is possible due to the market's cyclical nature.
After rallying to this year's peak in early March, Shiba Inu's price is consolidating on the daily SHIB/USD chart. After breaking out of a symmetrical triangle formation in mid-May, SHIB failed to close above the 0.382 Fibonacci retracement level of $0.00002883.
After this rejection, the price went below the 0.236 Fibonacci level and is fighting to find support at the 100-day EMA. A daily closing above $0.00002326 is essential to avoid a drop below the 200-day EMA at $0.00001977.
#SHIB #altcoins $SHIB
#SHIB : The Real Game
.
.
.
.
- SHIB has been consolidating between 2900 and 2000 for over two months, showing weaker performance compared to other meme coins like PEPE, WIF, and BONK.
- SHIB's movement is expected to mirror Bitcoin's, with Bitcoin's direction influencing SHIB's direction.
- Due to SHIB's relative weakness and the current market situation, a bearish trend for SHIB is likely.
- A massive support level between 2000 and 2100 is expected to hold.
- There is a possibility of a bullish scenario if Bitcoin turns bullish, but currently, there are no strong bullish signs for both SHIB and Bitcoin.
- Monitoring the markets and Bitcoin's movement is advised, as it will significantly impact SHIB's price action.
$SHIB $BTC $BONK #altcoins #Trading #BTC #BITCOIN
.
.
.
.
- SHIB has been consolidating between 2900 and 2000 for over two months, showing weaker performance compared to other meme coins like PEPE, WIF, and BONK.
- SHIB's movement is expected to mirror Bitcoin's, with Bitcoin's direction influencing SHIB's direction.
- Due to SHIB's relative weakness and the current market situation, a bearish trend for SHIB is likely.
- A massive support level between 2000 and 2100 is expected to hold.
- There is a possibility of a bullish scenario if Bitcoin turns bullish, but currently, there are no strong bullish signs for both SHIB and Bitcoin.
- Monitoring the markets and Bitcoin's movement is advised, as it will significantly impact SHIB's price action.
$SHIB $BTC $BONK #altcoins #Trading #BTC #BITCOIN
