According to U.Today, the Shiba Inu team has announced a series of updates for Shibarium, their blockchain platform, for the years 2024 and 2025. The information was shared by Lucie, the marketing expert of SHIB, via a Twitter post. The updates include the release of a new version of the ShibaSwap DEX, version 1.75, which will be followed by the 2.0 iteration.

The team also plans to complete the much-anticipated Shiba Inu Metaverse project, which includes multiple hubs and virtual land for sale. A new version of the Shiba Eternity game for smartphones is also in the pipeline. The TREAT token, along with a testnet of the layer-3 solution built on top of Shibarium, is also set to be launched. The TREAT token will power the new blockchain that the team, led by Shytoshi Kusama, is currently developing.

Lucie also mentioned that functional DAOs on Shibarium will become available for all tokens currently used in the Shiba Inu ecosystem. She emphasized that all the updates she listed were already publicly known. The SHIB team is committed to completing the projects they started earlier, with the layer-3 blockchain being the only recently announced project.

In a separate social media message, Shytoshi Kusama, the enigmatic leader of the SHIB team, confirmed the upcoming release of ShibaSwap 1.75 before the rollout of version 2.0. Kusama also addressed critics of Shiba Inu, reminding them of the time and energy he has invested in building SHIB and Shibarium. He concluded his message by criticizing those spreading fear, uncertainty, and doubt about the project.

Check out the top three news stories over the past day presented to you by U.Today.

Binance to delist six trading pairs

According to Binance's recent announcement from April 24, it will remove and cease trading on six spot trading pairs. The delisting decision follows the exchange's periodic review of all listed spot trading pairs; based on its results, Binance may stop supporting some trading pairs due to low liquidity, trading volume or other reasons. The announcement in question concerns the following pairs: ALPINE/BTC, FRONT/TUSD, HARD/BTC, RUNE/TUSD, SSV/TUSD and WIN/BRL; starting from April 26, at 3:00 a.m., they will be removed from the platform. Similarly, Spot Trading Bot services for the aforementioned spot trading pairs will be discontinued on the specified date and time, as applicable. To prevent any losses, Binance customers are highly advised to update and/or terminate their Spot Trading Bots prior to the discontinuation of Spot Trading Bot services.

Shiba Inu team member shares crucial Shibarium update

Lucie, marketing lead at Shiba Inu and renowned SHIB enthusiast, has recently taken to X platform to hint at what is coming for Shibarium, Shiba Inu's layer-2 solution, in 2024-2025. Among the teased developments for Shibarium in upcoming years are: ShibaSwap (version 1.75, followed by 2.0), Shibahub, Treat, ShibaEternity P2E, Shib the Metaverse, K9finance Liquid Staking and layer-3 testnet. "Additionally, fully functional DAOs will be available for all tokens within the Shiba Ecosystem," added Lucie, concluding her update. Although specifics are still undisclosed, the team member's X post has generated buzz and speculation in the SHIB community. Since its launch in August 2023, Shibarium has seen significant growth, reaching 417,309,222 in total transactions, 1,785,549 in wallet addresses and 4,388,404 in total blocks.

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25 billion Cardano (ADA) in 24 hours: What's happening?

Recent on-chain data shows that ADA has experienced a significant rise in activity, with the number of large transactions increasing dramatically. Within a 24-hour period, 25 billion ADA were moved. Such a major increase in the volume of large transactions is frequently indicative of substantial wallet movements by institutional or whale players, potentially indicating preparation for bullish or bearish market developments. The intensity of this activity is further supported by the large transaction volume, which recently peaked at 27.67 billion ADA. Additionally, ADA's price chart demonstrates a tension-filled narrative. Following a downturn, ADA has made some attempts to bounce back, flirting with the 50-day EMA, which is approximately $0.5. However, a clear breakthrough has not occurred. At the time of writing, ADA is trading at $0.4654, down 5.99% over the past 24 hours, per CoinMarketCap.

According to U.Today, the Shiba Inu community has significantly increased the burn rate of the SHIB meme coin. Data from the Shibburn explorer reveals that over the past 24 hours, 40,067,872 SHIB meme coins have been disposed of. Although the quantity of tokens burned is not extraordinary, the burn rate has seen a substantial increase of 2,076%. The largest burn of the meme cryptocurrency occurred 14 hours ago, with 20,000,000 SHIB being destroyed. Another significant burn happened two hours ago, with 1,693,629 SHIB transferred to an unspendable blockchain wallet.

In other news, Shiba Inu's marketing lead, Lucie, recently shared a list of upgrades set to be launched on Shibarium in 2024 and 2025. These include the SHIB Metaverse, another version of the Shiba Eternity game, and ShibaSwap DEX 1.75, with version 2.0 to follow. New projects planned for Shibarium include a layer-3 testnet and the TREAT token, which will power a new blockchain running on top of Shibarium. To initiate the construction of the layer-3 solution, the SHIB team has raised $12 million from major investors.

Despite these positive developments, the SHIB meme coin has not performed well in terms of price. Over the past 24 hours, the second largest meme cryptocurrency has lost approximately 10.39%. At the time of writing, SHIB is trading at $0.00002458.

According to data shared by the Shibburn explorer, the Shiba Inu community has managed to take the SHIB burn rate high today, disposing of a large meme coin lump.

This took place after a Shiba Inu representative made an important announcement on X (formerly known as Twitter).

SHIB burns on fire

Shibburn has spread the word that within the last 24 hours, the Shiba Inu army has disposed of 40,067,872 SHIB meme coins. While the amount of meme tokens burned is not mind-blowing, the rise in the burn rate was significant – a whopping 2,076%.

The largest meme cryptocurrency burn took place 14 hours ago, destroying 20,000,000 SHIB. The second biggest one occurred two hours ago as 1,693,629 SHIB were moved to an unspendable blockchain wallet.

On Wednesday, the SHIB burn rise was slightly bigger – 2,211.89%.

Image via ShibburnSHIB team announces Shibarium updates for 2024-2025

On Wednesday, Shiba Inu’s marketing lead, Lucie, shared a list of the upgrades that will be launched on Shibarium this year and in 2025. This list included the SHIB Metaverse, another iteration of the Shiba Eternity game and ShibaSwap DEX 1.75 (and then version 2.0 to follow).

Among the planned new projects to roll out on Shibarium are also the layer-3 testnet and the TREAT token, which will power the new blockchain that will run on top of Shibarium.

To start building the layer-3 solution, the SHIB team recently raised a massive $12 million from major investors. The enigmatic SHIB lead known on social media as Shytoshi Kusama recently revealed why he had been changing locations on the X/Twitter app frequently over the past few months. He was noticed in Dubai, Hong Kong, the Maldives and various U.S. cities, including New York.

Globetrotter Shytoshi revealed that he had been moving around to pitch the layer-3 project to investors and raise the aforementioned $12 million from them.

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SHIB price performance

Despite the good news on the burn rate, successful fundraising and the upcoming developments, meme coin SHIB has not been doing so well in terms of price.

Over the past 24 hours, the second largest meme cryptocurrency has lost approximately 10.39%. At the time of this writing, SHIB is changing hands at $0.00002458.

In a recent X/Twitter post, the marketing expert of SHIB, Lucie, published a list of upgrades that the Shiba Inu team plans to roll out on Shibarium this year and in the next one as well.

Upcoming Shibarium updates for 2024-2025

Lucie has shared a list of things that the Shiba Inu team plans to release until the end of 2024 and then continue next year. In her tweet, she mentioned the new version of the ShibaSwap DEX – the first version 1.75, previously announced by Shytoshi Kusama, to be followed by the 2.0 iteration.

The team intends to finish a much-anticipated project, Shiba Inu Metaverse, with its multiple hubs and pieces of virtual land for sale. A new version of the Shiba Eternity game for smartphones will be released, according to the tweet. Also, the TREAT token will finally be launched, along with a testnet of the layer-3 solution built on top of Shibarium. TREAT will be powering the new blockchain that the team, led by the enigmatic Shytoshi Kusama, is now working on.

What's coming in 2024/2025 for #Shibarium?- #Shibaswap (version 1.75 followed by 2.0)- #Shibahub- @treatsforShib- #ShibaEternity P2E- @mvshib- @K9finance Liquid Staking- Layer 3 TestnetAdditionally, fully functional DAOs will be available for all tokens within the Shiba… pic.twitter.com/iICIaoi11Z

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼‍♀️ (@LucieSHIB) April 24, 2024

Lucie added that functional DAOs on Shibarium will become available for all tokens currently used in the Shiba Inu ecosystem. She also reminded the community that all the updates she enumerated had been publicly known already. The SHIB team is committed to finishing the projects they started earlier, with the layer-3 blockchain the only one recently announced here.

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Shytoshi Kusama addresses SHIB fudders

Recently, Lucie also published screenshots of the most recent social media message sent by Shytoshi Kusama to the SHIB community. In this message, Kusama confirmed the upcoming release of ShibaSwap 1.75, which will happen before version 2.0 is rolled out.

However, the mysterious SHIB lead also took a jab at those attacking Shiba Inu with FUD (fear, uncertainty, doubt). Kusama addressed a particular “fudder” without mentioning his internet name. Shytoshi reminded him that he had invested a lot of his time and energy, “putting his heart and soul” into building SHIB and Shibarium.

Shytoshi concluded his message with this: “You are a worthless fudder who is not deserving of the breath God gave you. May all your lies be amplified eternally on your soul until you repent.”

Popular meme-inspired cryptocurrency Shiba Inu ($SHIB ) has seen its value surge over 15% over the past week while the cryptocurrency market recovers, at a time in which analysts are becoming more optimistic about the cryptocurrency’s future.

Data from leading blockchain analytics firm CryptoQuant reveals that SHIB reserves on centralized cryptocurrency exchanges have dropped to their lowest level since February 2022, and are currently at around 150 trillion tokens, as CryptoPotato first reported.

This decline indicates a decrease in the number of SHIB available for trading, potentially leading to scarcity and future price increases, assuming demand remains steady or rises.

CryptoQuant’s data also shows a predominantly negative SHIB exchange netflow over the past week, showing a large movement of tokens from centralized exchanges to self-custody wallets that suggests a decrease in immediate selling pressure, which is generally considered a bullish signal.

Beyond these exchange-related metrics, other developments within the Shiba Inu ecosystem also hint at a potential price rise, with a growing SHIB burning rate helping remove tokens from circulation and reduce circulating supply.

SHIB’s cryptocurrency community has helped it maintain a strong social activity, with social intelligence firm Lunar Crush noting earlier this month SHIB is “signaling bullish” as it has been seeing increasing social activity paired with accelerating market volume and rising price action.

As CryptoGlobe reported, the meme-inspired cryptocurrency could, according to an analyst, surge in the near future based on technical analysis, as the analyst suggested its chart shows a symmetrical triangle pattern, often interpreted by traders as a bullish signal.

A symmetrical triangle pattern is formed by drawing trendlines, one falling and another one rising, along a converging price range. To confirm a valid break and not a false one, traders should look for a surge in volume and at least two consecutive closes beyond the trendline, according to Investopedia.

Symmetrical triangles usually indicate that the price will continue in the same direction as before the triangle formed. Therefore, traders would expect the price to break upward if a symmetrical triangle follows an uptrend.

Notably, last month, Shiba Inu’s layer-2 scaling solution, Shibarium, started hitting new milestones. The network topped the 400 million transaction mark earlier this week as SHIB’s adoption grows. Shibarium hit the 300 million transaction mark back in January of this year.

Featured image via Unsplash.

TL;DR

Robinhood now offers Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP) to New York residents, building on its crypto services in the USA.

Despite a recent price drop, the meme coin has potential for a rally, bolstered by a significant increase in its burn rate and developments in its layer-2 blockchain network, Shibarium.

Attention New Yorkers

The American-based financial services company – Robinhood – unveiled additional cryptocurrency options for the residents of New York. It said the popular meme coin Shiba Inu (SHIB) and the altcoins Avalanche (AVAX) and Compound (COMP) are now available for locals.

Attention New York Shiba Inu ($SHIB ), Avalanche ($AVAX) and Compound ($COMP) are now available for New York State residents!

Buy, sell and trade your favorite crypto assets on the Robinhood app.

See the full list of assets available: https://t.co/B41xoSGcQA pic.twitter.com/mLBxz3Devx

— Robinhood (@RobinhoodApp) April 24, 2024

Several months ago, Robinhood expanded its crypto presence in the state of Nevada, enabling users to buy and sell 15 digital assets. The two largest meme coins in terms of market capitalization – Shiba Inu (SHIB) and Dogecoin (DOGE) – were included in the list.

The firm initially embraced SHIB in April 2022, triggering a 35% price rally for the token. However, the asset’s valuation did not react positively to the latest announcement. In fact, SHIB is down around 8% on a 24-hour scale amid an overall market decline. 

SHIB Gearing up for a Bull Run?

Despite the recent downtrend, some metrics suggest that the price of Shiba Inu might take off in the short term. The asset’s burn rate exploded by 500% earlier this month, resulting in millions of tokens being removed from circulation. The program’s ultimate goal is to create a scarcity effect, thus propelling a value ascent (assuming demand stays the same or rises).

Another factor is the SHIB exchange netflow, which has been predominantly negative in the last week. A shift from centralized entities to self-custody methods is considered bullish since it reduces the immediate selling pressure.

Some industry participants believe that the advancement of Shiba Inu’s L2 blockchain network – Shibarium – could also contribute for a SHIB price rally. The feature underwent a major update as of late, while total transactions surpassed the 400 million mark.

Those curious to learn more about Shibarium’s purposes and specifics can watch our dedicated video below:

The post Shiba Inu (SHIB) Receives Additional Support From Robinhood: Details appeared first on CryptoPotato.

The post Shiba Inu Reveals Ambitious Plans for Shibarium Ecosystem: What’s Coming Next? appeared first on Coinpedia Fintech News

Shiba Inu, the popular cryptocurrency known for its vibrant community and ambitious projects, has recently unveiled its roadmap for the Shibarium ecosystem. In a series of announcements, Shiba Inu’s team outlined several upcoming developments set to launch in the 2024/2025 cycle. 

These developments promise to bring significant improvement to the Shiba Inu ecosystem, spanning decentralized finance (DeFi), gaming, community engagement, and technical infrastructure.

What's coming in 2024/2025 for #Shibarium?– #Shibaswap (version 1.75 followed by 2.0)– #Shibahub– @treatsforShib– #ShibaEternity P2E– @mvshib– @K9finance Liquid Staking– Layer 3 TestnetAdditionally, fully functional DAOs will be available for all tokens within the Shiba… pic.twitter.com/iICIaoi11Z

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 24, 2024

Upcoming ShibaSwap Upgrades

At the forefront of the roadmap are the upgraded versions of ShibaSwap, the official decentralized exchange (DEX) of the Shiba Inu ecosystem. Shytoshi Kusama, the lead developer at Shiba Inu, revealed that ShibaSwap 1.75 is scheduled to launch before the eagerly awaited ShibaSwap 2.0. 

Meanwhile, these forthcoming upgrades are poised to bring a range of new and enhanced features to the decentralized exchange (DEX), promising an improved user experience for ShibaSwap users.

Release of the Shiba Hub App

Adding to the excitement is the upcoming release of the Shiba Hub app, described as a groundbreaking innovation by developers. This app will serve as a multifunctional platform, integrating Shibarium to provide users with valuable resources, insights, and interactive community forums.

$TREAT holds importance for $SHIBWhy? : 1.Shiba Ecosystem Reward Token: $TREAT serves as the ecosystem reward token. Once launched, whenever you stake or dig in pools with your $SHIB , you’ll earn free $TREAT tokens. 2.Utility and Governance: The utility of $TREAT is… pic.twitter.com/VLdX7jU9r9

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 23, 2024

Further, Shiba Inu is set to introduce TREAT, a new token with pivotal roles within the ecosystem. Meanwhile, designed as a reward token for staking SHIB in liquidity pools, TREAT will also serve as a governance and gas fee token for Shibarium’s forthcoming Layer-3 blockchain solution.

Shiba Eternity Play-to-Earn (P2E) Game

Gaming enthusiasts can anticipate the launch of the play-to-earn (P2E) version of Shiba Eternity, the project’s collectible card game (CCG). Perhaps the Beta testing for the P2E version is scheduled to commence in Q2 2024, offering players exciting opportunities to earn rewards while immersing themselves in the game.

In addition to the upcoming developments, Shiba Inu has several other projects in the pipeline for Shibarium. These include SHIB: The Metaverse, K9 Finance’s liquid staking derivative platform, and the upcoming Layer-3 (L3) blockchain. These projects aim to further enrich the functionality and utility of the Shiba Inu ecosystem.

With a diverse array of innovative projects and upgrades on the horizon, Shiba Inu is poised for continued growth and success in the cryptocurrency landscape.

The Shiba Inu (SHIB) community is buzzing with anticipation as Shiba Inu team member Lucie drops tantalizing hints about what's in store for Shibarium, Shiba Inu's layer-2 ecosystem.

With 2024 currently ongoing and 2025 on the horizon, excitement builds around innovative features and groundbreaking developments slated for Shibarium soon.

What's coming in 2024/2025 for #Shibarium?- #Shibaswap (version 1.75 followed by 2.0)- #Shibahub- @treatsforShib- #ShibaEternity P2E- @mvshib- @K9finance Liquid Staking- Layer 3 TestnetAdditionally, fully functional DAOs will be available for all tokens within the Shiba… pic.twitter.com/iICIaoi11Z

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼‍♀️ (@LucieSHIB) April 24, 2024

Among the teased developments for Shibarium in 2024-2025 are: ShibaSwap (version 1.75, followed by 2.0), Shibahub, Treat, ShibaEternity P2E, Shiba Inu metaverse, K9finance, Liquid Staking and layer-3 testnet. Furthermore, fully functional DAOs will be available for all tokens in the Shiba ecosystem.

While specific details remain under wraps, the team member's comments have sparked excitement and speculation within the SHIB community.

Shibarium has seen significant growth since its inception, reaching 417,302,469 in total transactions; 1,785,254 in wallet addresses and 4,371,712 in total blocks. 

The upcoming TREAT token will power Shiba Inu's blockchain, featuring fully homomorphic encryption (FHE), developed in collaboration with Zama. Shiba Inu recently revealed that it has raised a whopping $12 million from major VC partners - to the delight of its community.

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This funding round is expected to help solidify Shibarium’s position as the epicenter of the memes in the crypto world and scale the utility of the ecosystem to new heights.

While excitement remains, the SHIB community should bear in mind that TREAT has not been released, and any claims suggesting otherwise are fraudulent.

As the Shiba Inu team continues to work diligently behind the scenes to bring these plans to fruition, the SHIB community eagerly awaits further updates and announcements regarding Shibarium's development.

Lucie unveils plans for Shibarium, including ShibaSwap upgrades and Shiba Hub app launch.

TREAT token launch and play-to-earn Shiba Eternity game set for 2024/2025.

The Metaverse launch anticipated; Layer-3 blockchain development progresses with $12M investment.

Shiba Inu, the popular meme-inspired cryptocurrency, has recently outlined its upcoming developments for the Shibarium ecosystem, slated for implementation in the 2024/2025 cycle.

Lucie, Shiba Inu’s marketing lead, took to X to share the project’s ambitious roadmap, which includes a range of new features and upgrades designed to enhance the user experience and expand the ecosystem’s capabilities.

What's coming in 2024/2025 for #Shibarium?– #Shibaswap (version 1.75 followed by 2.0)– #Shibahub– @treatsforShib– #ShibaEternity P2E– @mvshib– @K9finance Liquid Staking– Layer 3 TestnetAdditionally, fully functional DAOs will be available for all tokens within the Shiba… pic.twitter.com/iICIaoi11Z

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 24, 2024

One of the most anticipated updates is the release of ShibaSwap versions 1.75 and 2.0, the official decentralized exchange (DEX) of the Shiba Inu ecosystem. These upgrades are expected to introduce new and improved features, further solidifying ShibaSwap’s position as a key player in the DeFi space.

Another exciting development is the launch of Shiba Hub, an app that has been described as “something extraordinary” by the project’s developers. Shiba Hub will serve as a resource center and community forum, integrating seamlessly with the Shibarium ecosystem and providing users with a centralized platform for engagement and information.

Shiba Inu ecosystem gearing up for TREAT launch

The Shiba Inu ecosystem is also gearing up for the public launch of its upcoming token, TREAT. The ecosystem expects this token to play a crucial role, rewarding users who stake SHIB across various liquidity pools and acting as a governance and gas fee token for the project’s upcoming Layer-3 blockchain solution.

The schedule for the release of the play-to-earn (P2E) version of Shiba Eternity, the ecosystem’s collectible card game (CCG), in the 2024/2025 timeframe is sure to please gaming enthusiasts. PlaySide Studios is currently conducting in-house testing for the game to guarantee a smooth and enjoyable user experience during its beta launch in Q2 2024.

Beyond these developments, LUCIE anticipate the debut of Shiba Inu’s metaverse project, SHIB: The Metaverse, in 2024/2025. While the community has been eagerly anticipating the project’s launch, the team behind SHIB: The Metaverse is taking the necessary time to ensure a successful and impactful release.

Furthermore, Shiba Inu is developing its own Layer-3 (L3) blockchain, which recently raised $12 million in an investment round. This privacy-focused L3 blockchain is expected to launch on Shibarium, with its testnet set to roll out in Q3 2024.

TL;DR

Shiba Inu (SHIB) has outperformed major cryptocurrencies with a 20% price increase over the past week.

Positive developments for the meme coin include a significant increase in its token burn rate and upgrades to Shibarium.

SHIB Might be Gearing up for a Bull Run

The cryptocurrency market has witnessed a significant revival in the past week, with numerous leading assets, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL), being well in the green. The popular meme coin – Shiba Inu (SHIB) – has recorded even more substantial gains than the aforementioned, with its price rising by 20% on a 7-day scale.

SHIB Price, Source: CoinGecko

Various analysts outline optimistic predictions that the token is about to experience another bull run, while some important factors indicate the same scenario.

According to CryptoQuant, SHIB exchange reserves have dropped to around 150 trillion assets this week, the lowest level registered since February 2022.

A reduction in that metric means fewer Shiba Inu tokens are available for trading, resulting in enhanced scarcity and a potential price appreciation in time (assuming demand rises or stays the same). 

CryptoQuant’s data also shows that SHIB exchange netflow has been predominantly negative in the past week. Shifting from centralized platforms to self-custody methods is considered bullish since it decreases the immediate selling pressure.

Additional Contributing Elements

Shiba Inu’s burn rate increase and the advancement of the layer-2 blockchain solution—Shibarium—also indicate that the asset’s price might be ready to take off in the short term. As CryptoPotato reported, the burning mechanism skyrocketed by 500% earlier this month, resulting in millions of tokens being removed from circulation.

For its part, Shibarium underwent a major upgrade. The team behind the network launched a new user interface (UI) update, describing it as “faster, smoother, and more accessible than ever.” The developers also expanded compatibility with popular self-custody wallets such as MetaMask, Coinbase Wallet, Trust Wallet, and others.

Shibarium was officially introduced last summer and aims to foster the development of Shiba Inu by reducing transaction costs, improving speed, and enhancing scalability. If you are curious to learn more about the network, feel free to watch our dedicated video below:

The post Is a Shiba Inu (SHIB) Bull Run Incoming? Important Metric Dips to a Two-Year Low appeared first on CryptoPotato.

The Shiba Inu team recently rolled out an important Shibarium upgrade that had some significance for SHIB’s price action. Innovation and announcements often dictate market movement on cryptocurrencies and have served as excellent buy and sell signals for crypto enthusiasts and experts. Speaking of innovation, we also take a look at another presale opportunity for crypto investors looking for early entry on the next big coin.

Latest Development On Shibarium

Shibarium is a layer-2 blockchain developed by Shiba Inu (SHIB) to address the pressing issue of scalability and high transaction costs on the Ethereum network. The network launched in August 2023 and has crossed significant milestones since then. Some of these include crossing 400 million total transactions, 4 million blocks, and recording up to 1 million transactions daily in April.

As announced by the team, this new update will improve user experience and network speed. The upgrade also included compatibility with popular self-custody wallets such as Trust Wallet, MetaMask, Coinbase Wallet, etc. SHIB’s price responded positively to the announcement with an 18% uptrend, with the meme coin still trading 60% down from its ATH. 

Moreover, experts believe that Shiba Inu’s continuous shipping of updates could benefit the price action in the long run. It’s also important to note that Shiba Inu is at the frontier of meme coins pivoting to provide use cases to community holders. 

Meme coins used to be known to provide no other value than comic relief and meme culture until Shiba Inu (SHIB) launched ShibaSwap, a decentralized exchange with passive income opportunities for SHIB holders via new ecosystem tokens like TREAT, BONE, LEASH, etc., followed by the launch of Shibarium.

Shiba Inu (SHIB) is widely popular for its insane run of 2021, which is accompanied by unique stories of investors turning $100 investments into millions. In a bid to catch lightning in a bottle twice, experts have spotlighted this new presale opportunity on ETFSwap (ETFS) with the potential for life-changing gains.

Can ETFSwap Rally As High As Shiba Inu (SHIB) Did In 2021?

Shiba Inu’s rally in 2021 is one of the wildest price surges in all of crypto, but when promising projects like ETFSwap (ETFS) offer incredibly low entry on their token offering, there’s always a chance of history repeating itself. ETFSwap (ETFS) is still in its earliest presale stage, and investors can buy below market value for massive gains at token launch. However, what are the actual prospects of ETFS rallying like SHIB did in the previous bull run?

ETFSwap (ETFS) is a new blockchain-based platform for ETF trading, market-making, perpetual trades, and several other emerging DeFi solutions, and it is in a prime position to capture an early market spot for its investors as new crypto ETFs continue to emerge. 

We’ve already seen Spot Bitcoin ETFs, and the prospect of more coming sets up ETFSwap (ETFS) for massive success. This new platform also provides early investors with the exposure to reap benefits in a market with big-name participants like BlackRock, Fidelity, Grayscale, VanEck, and many other asset management firms worth trillions of dollars. These companies are already investing in advertisements and campaigns to onboard more people to their ETF offerings, which eventually translates to increased crypto adoption.

ETFSwap’s major offerings will be global access to ETFs of various asset classes from several industries and conversion features that enable quick exchange of ETF assets with cryptocurrencies. It also helps ETFSwap’s case that there is presently no direct competition that provides a comparable solution that combines ETF accessibility, on-chain anonymity, and flexible investment conversions. This shortfall is in sharp contrast to the growing need for such a platform, and this pioneering avenue could send your investment into high profits.

ETFSwap raised over $750,000 from institutional and angel investors on its private round before moving on to Stage 1 presale. The ongoing Stage 1 presale is selling out fast at $0.00854; this is an excellent opportunity to buy for cheap before the token price increases on the Stage 2 presale.

Buy ETFS on presale now and claim an 20% bonus with the promo code “ETFS20.”    

For more information about the ETFS Presale:

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Join The ETFSwap Community

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Shiba Inu Team Rolls Out Important Shibarium Upgrade, SHIB Price Jumps  appeared first on CaptainAltcoin.

Recently, a newly established cryptocurrency wallet engaged in a significant transaction involving the SHIB meme coin.

According to data from Etherscan, this anonymous wallet acquired 237.8 billion SHIB, totaling $6,290,435 in value at the time of the transaction.

This large-scale purchase, indicative of either an over-the-counter (OTC) deal or a redistribution of assets by a major holder, took place shortly after the SHIB team announced securing $12 million for the development of a layer-3 solution atop Shibarium.

The timing of this purchase coincides with SHIB project lead Shytoshi Kusama’s revelations about his extensive international travel.

In a tweet, Kusama, operating under his alias, disclosed the purpose behind his frequent changes in location on X/Twitter throughout the year, visiting Japan, Hong Kong, Puerto Rico, New York, Dubai, and the Maldives.

The SHIB community had been tracking these movements, speculating about their implications. Kusama clarified that his travels were aimed at raising funds for the new blockchain initiative.

Shibarium, currently a layer-2 solution built on Ethereum, will serve as the foundation for this upcoming layer-3 blockchain.

Lucie, the SHIB marketing lead, explained the advantages of the layer-3 solution in a tweet.

READ MORE: President Biden Signs Bill Expanding Surveillance Powers, Sparking Privacy Concerns

She highlighted that adding a third layer would be “like putting a cloak of invisibility over fast-moving transactions.”

Furthermore, she stated that this enhancement would improve privacy and security, making transactions both faster and more affordable.

She described the security benefits as, “Adding L3 is like putting a second lock on your door. It adds more security features, making everything safer.”

The development of the layer-3 solution will also facilitate compliance features allowing auditors to inspect even private transactions, among other improvements.

In addition, the forthcoming TREAT token, which has yet to be released, will be utilized within this new framework to facilitate transaction processing, much like the BONE token is currently used on Shibarium.

This initiative represents a significant expansion in the SHIB ecosystem, aiming to enhance transaction efficiency and security.

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Tangem’s integration of Shiba Inu payments responds to high demand, with 5,000 specialized wallets sold in a year.

Purchasing a Tangem Wallet with SHIB is simplified through NOWPayments, ensuring smooth and secure transactions.

Tangem’s support for Ethereum and BNB Smart Chain networks broadens accessibility for diverse crypto users.

Tangem, a prominent provider of crypto hardware wallets, has announced the addition of Shiba Inu (SHIB) to its list of accepted payment methods. This addition allows customers to purchase the Tangem Wallet using SHIB, enhancing the flexibility of crypto transactions.

Buy Tangem Wallet with crypto We're thrilled to announce that we now support payment in selected cryptocurrencies including BTC, USDT, KAS, SOL, and SHIB.You can now buy a crypto cold wallet with your crypto and securely store your assets in it. More details are in our… pic.twitter.com/QEKsbhYX57

— Tangem (@Tangem) April 23, 2024

The move comes just over a year after Tangem launched a Shiba Inu-themed card-shaped wallet, which caught the interest of the Shiba Inu community. The release led to a swift preorder of 5,000 units. Tangem began distributing these specialized wallets in July 2023, marking a significant milestone in their product offerings.

As an additional gesture, Tangem provided a 10% discount to those who had pre-ordered, compensating for any delays in the shipping process. In a move to further embrace the Shiba Inu ecosystem, Tangem integrated with Shibarium, Shiba Inu’s layer-2 blockchain, in February. 

Easy Steps to Purchase with SHIB

Purchasing a Tangem Wallet using Shiba Inu is easy, users can navigate to Tangem’s official website, select a suitable wallet set, and proceed to payment using the crypto payment option. The process involves entering personal details, selecting Shiba Inu from the available currencies, and completing the transaction via NOWPayments. This system automatically ensures a smooth and secure transaction by converting the total cost into the SHIB equivalent.

Moreover, Tangem supports transactions on the Ethereum and BNB Smart Chain networks, catering to a diverse customer base. This expansion enhances convenience and reinforces Tangem’s commitment to the evolving needs of the global cryptocurrency community.

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The post Tangem Wallet Expands Payment Options to Include Shiba Inu appeared first on Crypto News Land.

The Shiba Inu cryptocurrency has witnessed a significant surge in its price, coinciding with a massive transaction in which a whale moved 3 trillion SHIB tokens. This event has sparked considerable interest and speculation within the cryptocurrency community regarding its potential impact on the market.
Shiba Inu Experiences Price Rally Following Whale Transaction
The crypto community is buzzing after the discovery of a major SHIB transaction, where approximately $79.94 million worth of Shiba Inu was transferred between two unidentified wallets. This transaction was highlighted by the on-chain tracking platform Whale Alert. The wallet identified as “0x73a…4d935” transferred the substantial sum to another wallet “0x2ef….2e204,” which is listed among the top 100 richest Shiba Inu addresses. This movement has led to widespread speculation about the reasons behind the transfer and its implications for Shiba Inu's future price movement.
Recent Developments and Future Prospects for Shiba Inu
Alongside market reactions to the whale transaction, there have been significant developments within the Shiba Inu ecosystem. Shytoshi Kusama, the project lead, announced the successful securing of $12 million funding for the development of a Layer-3 blockchain through TREAT. This development is aimed at enhancing the utility and use cases within the Shiba Inu ecosystem, with TREAT poised to play a critical role in the ecosystem's growth and sustainability.
Rising Popularity of TREAT and Ecosystem Growth
TREAT, the ecosystem reward token, is designed to function both as a governance and gas token on the Layer-3 blockchain, adding substantial value for the community. Lucie, the marketing lead for Shiba Inu, emphasized TREAT's role in incentivizing SHIB holders to engage more actively with the ecosystem while offering them rewards and governance opportunities. This strategic focus aims to foster a collaborative environment within the Shiba Inu community, highlighting its potential for ongoing innovation and expansion.
Market Performance of Shiba Inu
At the time of writing, the price of Shiba Inu had increased by 3.09% to $0.00002726. Its trading volume had also risen by 18.60% over the last 24 hours, reaching $751.73 million. Over the past week, Shiba Inu has seen a nearly 20% increase in value, though it has registered a loss of about 3% over the last 30 days.
The recent whale transaction, coupled with positive developments in the Shiba Inu ecosystem, has brought a renewed sense of optimism about the cryptocurrency's trajectory and its role in the evolving digital currency landscape.
$SHIB #SHIB #Shibarium

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.“

The Shiba Inu ecosystem has been subjected to updates in the last few days as developers look to bolster the cryptocurrency’s prospects in the long term. Behind the scenes, on-chain data also reveals a bullish trend among SHIB investors, with the exchange balance dropping to new lows. 

Adding to the bullish case is the fact that SHIB’s price has bounced right off the key 0.618 Fibonacci ratio level, otherwise known as the “golden ratio.” These metrics, in combination, are particularly setting up the stage for a price surge that could see SHIB surging in the current market cycle.

Exchange Balances For SHIB Hit New Lows

According to CryptoQuant’s SHIB analytics dashboard, the total SHIB reserve on crypto exchanges has been on a free fall for the majority of this year.  At the time of writing, the SHIB exchange reserve now stands at around 150 trillion tokens, compared to 164 trillion SHIB tokens on February 29. This means the total number of SHIB tokens in crypto exchange reserves has fallen by 14 trillion SHIB in less than two months.

The drop in exchange reserve is somewhat of a bullish indicator for SHIB, as it shows that holders are less liable to sell their coins and are instead opting instead to store them in private wallets. This outflow from exchanges has particularly been compounded in the last few weeks, with on-chain data revealing an increase in activity from Shiba Inu whales. An example is a recent accumulation of 237.8 billion SHIB tokens worth $6.9 million by a new whale address. 

Furthermore, recent price action in recent months has seen the price of SHIB bouncing off the 0.618 Fibonacci ratio level on April 14th, setting up the stage for a golden ratio rebound. This is a key support level according to the Fibonacci tool, and the bounce indicated the start of a major uptrend. SHIB encountered this bounce on April 15 around the $0.00002117 price level after a correction of over 51% from its yearly high of $0.00004400. 

Shiba Inu To $0.0001?

At the time of writing, SHIB was trading at $0.00002702, up by 19% in the past seven days. Interestingly, the SHIB price has increased by over 27% since its bounce above the golden cross to confirm the crypto has fully reversed into a bullish sentiment.

Fundamentals point to a continued SHIB price surge in the coming days amid mainstream interest and adoption. One of these is the recent $12 million investment raised by the Shiba Inu team to develop a layer-3 blockchain on top of Shibarium.

With supply on exchanges diminishing and SHIB building surging after bouncing off a key Fibonacci level, the ingredients are in place for a rebound to $0.00004400 or higher. If SHIB can clear this resistance, it opens up a run toward $0.00008616, which would represent a 218% increase from today’s price.

SHIB price sitting at $0.000026 | Source: SHIBUSDT on Tradingview.com

Featured image from Crypto News Flash, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Source: NewsBTC.com

The post Shiba Inu Exchange Balances Reach New Low As SHIB Bounces Off Golden Ratio appeared first on Crypto Breaking News.