Some cryptocurrencies offer long-term growth potential for owners, but many are ideal to buy for a short-term transaction before switching to the next trending token. Long-term cryptocurrency investments benefit from larger price changes that occur over a longer period of time rather than smaller ones that occur quickly.The cryptocurrency industry is notorious for its high level of unpredictability, which presents opportunities for sizeable gains for those willing to closely monitor markets, albeit this can be stressful for handling trades. Unfortunately, this volatility can also result in large losses.Although sticking onto your investments for a longer period of time generally entails lower risk, long-term cryptocurrency investments can come with concerns. The best cryptocurrencies for long-term investments are listed below.BTC, or BitcoinThe largest cryptocurrency in the world by market capitalization, Bitcoin has found use in both online and offline transactions as well as as a buy-and-hold asset in many people’s investment portfolios. It has established itself as a long-term holding in the cryptocurrency market, positioning itself more as a safe-haven investment than a traditional currency.Due to Tesla CEO Elon Musk’s announcement of the company’s $1.5 billion investment and subsequent intention to accept bitcoin payments for its vehicles, bitcoin received a lot of attention in 2021. Notably, several businesses have adopted bitcoin as a form of payment, frequently inadvertently, including Microsoft, Rakuten, The Home Depot, and PayPal.Additionally, several companies are incorporating bitcoin into their investing plans. In September 2022, Colorado became the first state to accept bitcoin as a method of tax payment, marking a historic milestone.The best-performing investment asset over the past ten years has been bitcoin, thanks to its exceptional performance. As of today, August 26, the price of one bitcoin is $26,010, with a $29.81 billion 24-hour trading volume and a $506.20 billion market value. In the past week, the price of bitcoin has increased by 0.69%.On November 10, 2021, while it was trading at an all-time high of $68,770, Bitcoin attained its highest price. The 200-day SMA for Bitcoin, according to technical indicators, is predicted to rise in the upcoming month and reach $28,014 by September 25 of 2023.Furthermore, it is projected that Bitcoin’s 50-Day SMA would reach $29,322 by that time. The Relative Strength Index (RSI) is at 22.82 right now, which shows that the BTC market is oversold.The chain linkIn order to provide safe and impenetrable data feeds, Chainlink, a decentralised oracle network on Ethereum, links smart contracts to actual data sources. Smart contracts can communicate with other data sources, APIs, and traditional banking systems because to its decentralised Oracle network.This is crucial for DApps because it incorporates real-world data into blockchain, expanding the use cases for smart contracts. Growing blockchain use increases the demand for external data that has been verified in order to trigger smart contracts.Chainlink’s technology is used in a variety of industries, including finance, insurance, gaming, and supply chain management. Chainlink is a well-known oracle supplier. Given the market demand for Chainlink’s services, this might increase the value of $LINK, its native token.Chainlink’s current market value is $6.03, an increase of 0.51% over the previous day. Chainlink’s support levels are $5.93, $5.83, with the strongest level being $5.73, taking into account the current classical pivot point at $6.03. Chainlink’s resistance levels are therefore set at $6.12, $6.23, and $6.32.BNB, the Binance CoinBinance Coin becomes a desirable option for long-term investors in 2023. With a wide range of uses and adaptable characteristics that considerably increase its value for users rooted in the Binance ecosystem, $BNB stands out as a top utility asset in the cryptocurrency space.Notably, BNB practises a unique burndown strategy that results in a permanent decrease in the token supply. This strategy guarantees scarcity and could eventually increase the value of BNB. The performance of Binance Coin has fluctuated, reflecting the inherent volatility of the cryptocurrency market.BNB peaked on May 10, 2021, at about $690.93 during an upbeat period in the beginning of 2021. The price of Binance Coin is currently $217.09, with a $669.50 million 24-hour trading volume and a market capitalization of $33.40 billion. The price of $BNB has increased during the past day by 0.32%.By August 31, 2023, the price of Binance Coin is predicted to climb by 11.39%, reaching $242.53, according to the current estimate.Is Investing in Cryptocurrencies Long Term a Good Idea?Depending on your investment goals will determine the choice. Investigating cryptocurrency investment may be a wise move if you have cash on hand and are willing to invest it over the course of one to twenty years.Additionally, taking into account crypto presales might be a helpful route, enabling you to enter projects at an early stage and possibly amplifying your gains as they acquire popularity.Wall Street MemesWall Street Memes is one of the top 2023 cryptocurrency presales. Over 1 million people have naturally joined this new meme-based community across various social media sites. Influential people like Elon Musk have been participating in Wall Street Memes’ social media conversations ever since it launched in 2019.The website is a well-liked platform that invites investors to interact with the financial markets in a lighthearted way by using memes. The team behind the project hopes to create value by leveraging community support, inspiring FOMO, and leveraging social media excitement.Early investors can earn returns with the $WSM, an ERC20 meme token with no real-world use. With a 2 billion token supply, Wall Street Memes has promised to make $WSM a completely community-driven token.Of these, 50% will go towards the presale and 20% will go towards ensuring liquidity on the CEX and DEX platforms. Community incentives within the ecosystem will receive the final 30%.The final presale round is currently priced at $0.0337, and the initiative has already raised over $25 million. Wall Street Memes hopes to raise more than $30.57 million during the presale in order to issue the cryptocurrency on tier-one exchanges by the end of September.With 97 days left, the project has received 83,648 entries in its current $50k airdrop, which is being used to celebrate the success of its presale. Participants who want to take part in the airdrop just merely follow the social media accounts of the five winners to be eligible.#crypto2023 #Binance #dyor

The #pepe price has had a decline of 3% throughout the last 24-hour period, resulting in the meme token's value dropping to $0.000000719755. This decrease in price occurs amidst ongoing losses in the cryptocurrency market that were sustained the preceding day.
The #cryptocurrency PEPE has had a 15% increase in value over the previous two weeks. However, it has seen a decline of 12% over the course of a month and a significant drop of 83% since reaching its highest recorded value of $0.00000431 in early May, just after its first debut.
The drop in value of the meme coin subsequent to its first high indicates that its period of prominence as a popular cryptocurrency has concluded. However, it is noteworthy that influential investors, sometimes referred to as whales, persist in using it as a means to achieve their own immediate financial profits.
This implies that retail traders have the potential to benefit from rallies initiated by large institutional investors if they strategically coordinate their entry and exit points. However, it is also possible for them to experience significant losses.
The $PEPE price forecast is influenced by the decline of PEPE in correlation with the broader cryptocurrency market. This prompts the question of whether price manipulation by whales is occurring.
The PEPE cryptocurrency saw a brief period of increased activity, mirroring the overall market trends earlier this week. However, this momentum has now subsided, as seen by the coin's indicators displaying indications of diminished strength.
Given the current circumstances, it is reasonable to anticipate that PEPE will experience a regression towards its established long-term support level, indicated by the green line. Consequently, it is plausible that the price may decline to about $0.00000060 before afterwards attaining stability once more.

The prevailing pessimism is substantiated by the decline of the relative strength index (RSI) in the purple zone. Following a partial rebound, the RSI has started to decrease towards the 40 mark, indicating the potential for additional decline until the cryptocurrency reaches a very oversold condition.
Similarly, the 30-day moving average (shown by the colour yellow) of PEPE has exhibited a modest downward trend subsequent to its potential resurgence, indicating that the coin's price is anticipated to decline below the aforementioned indicator as the ongoing selloff intensifies.
Considering the steady decline of PEPE since its peak in early May, it is plausible that the losses observed today may persist in the upcoming days.
As of present, there is no evidence to suggest that whales have capitalised on the market downturn today, as the most recent documented occurrence of whale accumulation dates back to September 30.
It is probable that the aforementioned whales continue to retain the PEPE they obtained on Saturday, indicating their anticipation of an imminent market recovery.
Nevertheless, it is important for retail traders to acknowledge that when such a recovery occurs, it is probable that large-scale investors would sell off their assets in the market, resulting in a subsequent decline in the value of PEPE.
The observed trend displayed by PEPE throughout its very brief lifespan is not unexpected, given its nature as a meme token devoid of practical use.
Therefore, it is plausible that there may be a potential resurgence in value to reach a level of $0.00000080 during the upcoming days or weeks, followed by further depreciation.

The #Shibainu #cryptocurrency has encountered a sequence of challenges, as its remarkable growth over the last years has led to a significant increase in value from $1.96 worth of SHIB three years ago to $14 million at now.
The Shiba Inu cryptocurrency had a series of fluctuations and challenges subsequent to its introduction in August 2020. Significantly, a recently emerged chart has been shown with the intention of contextualising the fluctuations in price, aiming to visually represent the value of $1,000 in SHIB since its inception three years ago.

The first trading data of Shiba Inu substantiates that the asset was traded at a value of $0.000000000510 during its inception period, which occurred more than three years ago. It is noteworthy that had an investor allocated $1,000 to $SHIB , they would have experienced further disappointment over the following months.
In September 2020, the value of Shiba Inu had a significant decline, reaching a rate of $0.000000000001. Consequently, the initial investment of $1,000 in the asset saw a significant decrease, ultimately reaching a value of $1.96. The aforementioned decline occurred exactly three years ago, resulting in a significant decrease in the value of the investment to a mere $1.96.
A Remarkable Display of Collective Mobilisation
Nevertheless, the value of Shiba Inu has shown a consistent increase since that time. The decline in value prompted several market participants to acquire SHIB, as they recognised a favourable chance to acquire the asset at a substantial discount. Consequently, there was an increase in the number of purchasers, so strengthening the level of demand.
In light of the heightened demand and the allocation of 50% of the circulating supply to Ethereum inventor Vitalik Buterin, Shiba Inu has seen notable increases in value. By March 2021, the asset saw a rise, reaching a value of $0.00000005, leveraging the positive market sentiment resulting from these occurrences.
As a result of the aforementioned rise, the investment, which had a value of $1.96 in September 2022, had a substantial surge, reaching a figure over $98,000. The Shiba Inu cryptocurrency demonstrated sustained growth, since the previous upward movement indicated to investors the potential for significant increases in value. An increasing number of investors entered the market to capitalise on the prevailing momentum, resulting in a surge in demand.
Shiba Inu had a notable surge in value, reaching its highest recorded price of $0.00008845 in October 2021, which was further bolstered by the significant burn conducted by Buterin in May 2021. At the inception of the investment, the initial amount of $1.96 experienced a substantial growth, resulting in a valuation of $173 million.
The subsequent amendment
The Shiba Inu cryptocurrency has seen a significant decline, erasing a substantial portion of the profits it had accumulated over the year 2021. However, the asset continues to maintain a significantly higher value compared to its valuation three years earlier. At the time of reporting, the market price of SHIB is at $0.00000728, reflecting a significant decline of 91.7% from its historical peak. Notwithstanding the aforementioned decrease, the initial investment of $1.96 in the year 2020 continues to possess a monetary value in the range of millions.
Based on the prevailing market value, the present worth of this investment amounts to $14.26 million. There was a substantial astronomical surge of 727,999,900% seen during the months of September 2020 and October 2023. According to a recent research by The Crypto Basic, CoinMarketcap substantiated in May that SHIB holds the distinction of being the mainstream asset with the most substantial historical return on investment (ROI).

An anonymous crypto investor and crypto enthusiast “Shibtoshi” who became a billionaire with Shiba Inu (SHIB) back in 2021, has revealed how he did it in an interview with Youtuber, Bad Anthony.Shiba Inu Investor On The Greatest Investment Of All TimeIn the interview with crypto Youtuber Bad Anthony, the crypto investor “Shitoshi” revealed how he made one of the greatest trades of all time, if not the greatest.According to the crypto investor, he first gained interest in Shiba Inu during the early days of Shiba Inu back in August 2020. He revealed that he had invested $8,000 in the SHIB back in August 2020, when the token began trading. The token had been brought to his attention by his friends who apparently also invested in it.The crypto investor confirmed that he became interested in Shiba Inu after his friends told him that the token was a potential rival to Dogecoin (DOGE), which he had never invested in Dogecoin before.He highlighted that this was not his first rodeo as he has had a steady presence in the crypto space and has been an active crypto investor since 2011. He also noted that he has made other substantial profits from the crypto market in the past but it was nothing compared to the profits he made from Shiba Inu.Nevertheless, the journey was never an easy one for him as there were a lot of challenges after his investment. He noted that after he invested $8,000 in Shiba Inu, the initial value of his investment took a hit, but he remained faithful.In addition, a related Shiba Inu Telegram group was also compromised which disrupted the crypto investor’s confidence in Shiba Inu. During this period, some of his friends reportedly became suspicious of the token and they started selling their investments to cut losses, but he decided to be patient.The investment which he held for almost a year would eventually grow rapidly and finally reach $5.7 billion in October 2021, representing an impressive increase of 71,249,900%.What Has He Done Since Then?The investor has since moved out the majority of the Shiba Inu tokens after hitting the $5 billion mark. Reports from 2021 show that he had moved out $2.9 billion initially from the original wallet to another wallet, and from there, distributed the coins to various wallets.JUST IN: Shiba owner that turned $8k into $5 billion removed $2.9 billion worth #Shiba tokens from its original wallet. pic.twitter.com/usX4LjpDBd— Blockworks (@Blockworks_) November 3, 2021The original wallet now holds around $1.44 million in SHIB while the investor scattered the remaining coins in batches of 500 billion tokens to other wallets.Follow #CryptoTalks for more hot info 💸

#crypto2023 Key member of the Shiba Inu team has warned the SHIB community against falling for this scam trapThe official marketing specialist of the Shiba Inu team, known to the community as Lucie, has shared a post by a SHIB Discord admin DaVinci. The latter announced that the Telegram account of one of the admins of the Shibarium Telegram channel, Ragnar, has been hacked.Fake BONE airdrop announced by hacked SHIB Telegram admin accountNow, the hijacked account is announcing a fake BONE airdrop to the members of the Shibarium Telegram channel. The compromised account of Ragnar claims that BONE in the airdrop will be provided from the “team treasury wallet”, which means that “this will be a limited wave”.DaVinci warned SHIB holders not to engage in any communications with the hacked account since this may lead to losing their hard-earned Shiba Inu bags.Another prominent SHIB-themed account on the X app, @vetkusama, who calls himself “brother of Shytoshi Kusama”, also posted this warning. He urged the SHIB community not to click on any links in Ragnar’s post, adding that there is no airdrop coming.An X app user in the comments suggested that SHIB had better now create a cyber security team to ensure the safety of accounts related to Shiba Inu.Bone ShibaSwap (BONE) is the governance token on the official Shibarium dex ShibaSwap. Besides, BONE serves as the gas token on the Layer-2 blockchain Shibarium and without BONE no transactions on it are possible.At the time of this writing, BONE is changing hands at $0.7913 after a marginal rise within the past 24 hours, according to the data shared by CoinMarketCap in the public space.SHIB burn rate surges first time this weekAccording to Shibburn website, within the last 24 hours, the SHIB community, thanks to its joint efforts, managed to push a total of 38,942,436 SHIB out of the circulating supply.This raised the burn rate by more than 107% compared to previous days this week, when despite the bags of burned SHIB reaching 100,000,000, the burn rate remained well below zero.This time, no significant chunks of Shiba Inu were transferred to dead-end wallets – the largest ones carried as little as slightly under 7 million SHIB.Still, the $SHIB army persistently continues to remove #Shibainu coins from the circulating supply, locking them in unspendable wallets on a daily basis. Last month, the community managed to burn more than 2.3 billion Shiba Inu.#Layer2 #BTC #ETH

#Shibainu (SHIB) has dropped drastically since August, when it hit a four-month high, with losses in 2023 approaching 10%. 
This decline is part of a larger market-wide selloff in cryptocurrencies and caps a difficult year for meme currencies, which saw only brief periods of growth. 
With the general public's outlook on $SHIB being pessimistic and the crypto market being more volatile, has resorted to predictive analytics to better understand the near-term potential of the second largest meme crypto asset.
Data gathered on October 3 indicates that SHIB will trade at $0.000007260, a fall of around 0.6% from its current price, according to the machine learning (ML) algorithms on PricePredictions. 

Average true range (ATR), Bollinger Bands (BB), moving average convergence divergence (MACD), and relative strength index (RSI) are only few of the technical analysis (TA) indicators utilised extensively in the ML-powered price forecast.
Analysis of the SHIB Price
SHIB was trading at $0.000007305 at press time, down 3.75 percent over the last 24 hours.
The value of the meme-inspired digital asset rose by 0.4% over the last week, but it is still down 6.5% over the past month.

Fifteen of Shiba Inu's thirty days were green, or fifty percent. 
But its value has dropped by 34% over the previous 12 months, underperforming 64 of the top 100 cryptocurrencies in terms of price appreciation, including Bitcoin (BTC) and Ethereum (ETH).
Also, Shiba Inu is still down 92% from its all-time high in October 2021, and the price is trading below the 200-day simple moving average (SMA). 
So, SHIB is still viewed negatively, even if its 30-day volatility has decreased to a moderate 2.09% in recent times. 

The #cryptocurrency community has once again been captivated by the significant transactions using Shiba Inu coins. A recent communication from the crypto monitoring platform Whale Alert reported a significant quantity of SHIB being moved from the cryptocurrency exchange Bitvavo, headquartered in Amsterdam, to an unidentified address on the blockchain. 
The substantial value of 4,584,530,677,374 $SHIB prompts inquiries on the sustained engagement of notable investors in this cryptocurrency rooted in internet memes.
The transfer, which occurred during the early hours of October 5th, was carefully documented by the Ethereum (ETH) blockchain explorer known as Etherscan. This detailed recording enhances the confidence of the transaction's legitimacy. 
An Analysis of Shiba Inu Whale Transaction Details and the Potential for Suspicious Timing
The aforementioned occurrence transpired within one week subsequent to the issuance of a prudent declaration by the #Shibainu development team to its community, whereby investors were advised to exercise prudence and maintain vigilance towards dubious groups purporting affiliation with the SHIB ecosystem.
A total of 4,584,530,677,374 units of the cryptocurrency SHIB, equivalent to 33,132,403 USD, were recently moved from the Bitvavo platform to an unidentified wallet. The transaction details may be seen at the following link: https://t.co/HrCbR3oavs.
The Twitter account "Whale Alert" (@whale_alert) posted a message on October 5, 2023.
The team placed emphasis on the fact that the use of the term "Shibarium," which represents the recently introduced layer-2 scaling solution of the ecosystem, does not inherently grant credibility. However, the SHIB team emphasised that any formal collaborations and announcements will be solely communicated through the ecosystem's Discord channel or official site.
In the preceding 24-hour period, the SHIB community has undertaken a notable initiative aimed at diminishing the quantity of circulating SHIB tokens. A significant amount of 50,430,344 SHIB has been deliberately moved to "dead wallets," employing a strategic approach that significantly diminishes the circulating supply and reinforces the value of the token. 
According to the Shibburn tracker, the most substantial individual transaction during this recent period of burning activities was recorded at 10,162,798 SHIB.
An Update on the Hourly Performance of ShibThe current price of SHIB is $0.00000723, with a 0.16% increase in the past hour and a 0.47% decrease in the past 24 hours.
The market capitalization of the subject in question is currently valued at $4,259,485,087, reflecting a decrease of 0.53% compared to the previous value.
The total supply of the given entity amounts to 589,339,392,895,097 units.

The tokens have been incinerated.
Within the previous hour, there have been a total of 2,671,046 transactions, consisting of two individual transactions.
In the preceding 24-hour period, there was an observed increase of 50,430,344 units, representing a percentage change of 61.06% upwards.
Over the course of the last seven days, there has been a decrease of 41.81% in the numerical value of 426,377,516.

The Twitter handle "Shibburn" (@shibburn) posted a tweet on October 5, 2023.

The Resilience and Current Market Performance of SHIB
The continuous endeavours undertaken by Shiba Inu aficionados to engage in the burning of SHIB tokens have yielded significant achievements. As of the present moment, a notable quantity over 410 trillion SHIB tokens has been intentionally withdrawn from circulation, indicating a collective dedication to establishing scarcity within the market.
The increase in SHIB activity is a result of a previous phase of accelerated expansion within the SHIB ecosystem. In light of recent movements in the market, the current valuation of SHIB is at $0.00000720 as reported by CoinGecko. This represents a marginal fall of 0.9% over the previous 24 hours and a minor decrease of 2.2% over the preceding seven-day period.
The aforementioned advancements in the domain of Shiba Inu (SHIB) highlight the durability of meme-driven digital currencies and the steadfast dedication of its community, rendering it a cryptocurrency of significant interest to monitor in the forthcoming weeks and months.

In a surprising move, Honda Motor Co., a leading Japanese automobile manufacturer, now accepts digital assets as payment options for its products.
Partnering with the blockchain payment system FCF Pay, Honda enables customers to lease or purchase their vehicles and power equipment using various cryptocurrencies, including XRP, and the leading dog-themed token Shiba Inu (SHIB).

Driving Into the Future with Crypto
This collaboration expands the options available for customers who can now transact in digital currencies instead of traditional fiat to buy Honda’s automobiles, motorcycles, and power equipment.
Aside from XRP and Shiba Inu (SHIB), Honda also other accepts, Bitcoin (BTC) and Ether (ETH), Binance Coin (BNB), Polkadot (DOT), and other popular cryptocurrencies.
Honda’s offering stands out as it also embraces more exotic meme-inspired coins, including Pepe Coin (PEPE), Floki Inu (FLOKI), Bone ShibaSwap (BONE), and Doge Killer (LEASH).
XRP and SHIB Gain Further Adoption
Honda’s decision to accept XRP and SHIB aligns with the increasing adoption of these cryptocurrencies in various sectors.
Recall that FCF Pay also recently collaborated with Texas-based energy company Chariot Energy, allowing customers to pay their solar panel bills using SHIB, XRP, and other listed cryptocurrencies, boosting the adoption rate of crypto payments.
Similarly, eligible customers at HSBC, one of the largest banks in the United Kingdom, can settle their mortgage bills and loans using cryptocurrencies, including XRP and Shiba (SHIB) via a partnership with the leading crypto payment gateway, FCF Pay.
Honda Motor Co.’s integration of cryptocurrency payments demonstrates the automotive industry’s willingness to adapt to the evolving financial landscape. This move expands the possibilities for customers and signals the growing acceptance and adoption of cryptocurrencies in the mainstream market.
*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.
#SHIB #XRP $SHIB $XRP

Historical data reveals a startling trend of Shiba Inu (SHIB) soaring in October; a staggering 422% average surge is noted.Amidst a fierce battle with the $0.00008 price resistance, can the upcoming month be a game-changer for Shiba Inu’s market stance?
Historic October Rallies: A Prelude to Prosperity?
As the spectacles of the cryptosphere are carefully laid upon the fluctuating graph of Shiba Inu (SHIB), a spark of optimism flares amongst the SHIB enthusiasts. Historical data unveils a rather consistent and auspicious trend – SHIB’s formidable price ascensions every October since its inception in 2020. This recurrent October triumph, a sharp contrast to SHIB’s struggle to breach the $0.00008 price mark, is fostering a milieu of anticipatory zest as we step into October 2023.
Shiba Inu’s voyage in the digital asset market has been akin to a roller coaster, with the token demonstrating a vigorous battle against market bears to transcend the staunch resistance at $0.00008. Yet, as the autumn leaves begin to fall, the ghosts of past Octobers bring forth a beacon of hope for SHIB.
Delving into the annals of Shiba Inu’s price trajectory, one cannot overlook the significant surges every October. According to the analytics by CryptoRank, October 2021 saw SHIB skyrocketing to a bewildering 822%, hitting its all-time zenith at $0.00008845. The tale of the following October was not bereft of glory either, with SHIB clinching a respectable 10.4% gain, notwithstanding the preceding 6.43% decline in September 2022.
CryptoRank’s cogent data sketches an average October soar of 422% for SHIB. Although this historical rhythm exudes allure to investors, it is quintessential to tread with a judicious mind. The narrative of past performances, although enticing, doesn’t brandish a wand of certainty over future market behavior.
Amidst a realm renowned for its capricious nature, conjectures around SHIB‘s potential to replicate past October glories foster both enthusiasm and vigilance amongst investors. If the cryptic dance of digits adheres to the historic October rhythm, and SHIB burgeons by 422% from its current stance of $0.00000735, the token is poised to touch a promising $0.00003101.
The landscape of cryptocurrency is etched with unpredictability, yet as the winds of October approach, the sails of Shiba Inu are hoisted high with aspirations of reliving the legendary October surges.
*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 $SHIB

#Shibainu (SHIB) enthusiasts have long had a fervent longing: to see the meme coin reach an elusive penny. According to Coingecko, the current SHIB price, which stands at $ 0.00000726, seems far from this dream, but the community remains stable in its hope.A quick look at recent price trends reveals shib's uphill battle. In the last 24 hours, the token has experienced a small decline of 0.4%, despite a modest seven-day price increase of 0.6%. The question looms large: how can the SHIB cross the monumental gap between its current value and the coveted one-cent Decile?to reach $0.01, the SHIB would need an astronomical fluctuation. The exponential price increase that is required underscores the enormous challenge ahead. The community's determination to achieve this remarkable achievement is palpable, but it is essential to examine the factors that can move the SHIB forward.Factors Affecting the Shiba Inu Price TrajectoryFirst, expanding the utility of Shiba Inu has the potential to increase its value. By creating real-world use cases and applications for SHIB beyond the field of breast coin, its demand and then its price can increase.Projects such as Shibarium, a decentralized exchange and blockchain platform, aim to contribute to this expansion by offering decentralized applications (dApps) and smart contracts, potentially adding intrinsic value to shib.Secondly, market sentiment and regulatory considerations play a very important role in the SHIB's journey. Positive emotions within the community, as well as open and supportive regulations, can attract more investors and traders and ultimately drive up the price. Conversely, negative emotions or harsh regulatory actions can hinder the progress of SHIB.A Look at the Long-Term Potential of ShibDespite these factors, some forecasts suggest that the one-cent target may remain elusive. coincodex's forecast in July for the shib to reach $0.0001 by 2050 implies an increase of 3,600% from its current value. While this is a significant jump, it falls short of the one cent mark. Such forecasts cast doubt on the likelihood that the SHIB will reach the coveted milestone within the next decade.A critical factor to consider is Shibarium's ability to burn trillions of tokens per year. If this mechanism cannot significantly reduce the supply of the token, Shiba Inu's dream of hitting a penny may never come true. The delicate balance between supply and demand is at the heart of shib's journey to a penny Decker.The Shiba Inu community's desire to see the shib reach a penny continues, despite the daunting odds. While factors such as extending the benefit and market sentiment may affect its price, the path to a penny remains a formidable challenge.#crypto2023 #Binance

Shiba Inu and Bitcoin exhibit a negative correlation, implying that when one's value rises, the other tends to decline.This correlation may be attributed to the introduction of Shibarium, a novel layer-2 solution for Shiba Inu.Since its launch, Shibarium has experienced a surge in its market capitalization and transaction volume, reaching unprecedented levels.Remarkably, the rate of Shiba Inu token burning has skyrocketed, resulting in the destruction of nearly half a billion SHIB tokens over the past week.Presently, Shiba Inu is forming a descending triangle pattern, indicating a potential breakout in October.

We frequently witness a strong correlation between Bitcoin and altcoins, where their prices tend to move in the same direction. However, in a rare twist, some cryptocurrencies exhibit a different phenomenon: negative correlations. Negative correlations mean that when one cryptocurrency rises, the other falls, and vice versa. This peculiar dynamic is currently playing out between Bitcoin and Shiba Inu. In this article, we'll delve into the details of this unique correlation and explore what it means for investors and the future prices of these two cryptocurrencies.

Evidence of Negative Correlation: Take a look at the chart below, which overlays Shiba Inu's price in red and Bitcoin's price in green. Notice how, at crucial price levels, when Bitcoin is on the rise, Shiba Inu tends to decline, and when Shiba Inu surges, Bitcoin's value takes a dip. On-chain analytics firm IntoTheBlock confirms this trend, reporting a 30-day correlation coefficient between the two assets that has recently reached a noteworthy low of -0.24.

The Why Behind This Phenomenon: The explanation for this negative correlation may be tied to a new layer-2 solution called Shibarium, launched less than a month ago. Since its debut, Shibarium has witnessed significant growth in market capitalization and transaction volume. With more than 3 million total transactions, a stable daily transaction score of 20,000, and over 1.2 million wallet addresses, Shibarium's success and its recent partnership with HSBC have expanded the utility of Shiba Inu. Consequently, SHIB is increasingly being used for transactions, causing it to gradually decouple from Bitcoin.

Noteworthy Burn Rate: An essential factor in this shift is the skyrocketing burn rate of SHIB tokens. Over the last 24 hours, a staggering 125 million $SHIB has been burned, marking a 71% increase from the previous day. In the past week alone, nearly a billion SHIB tokens have been burned, with 292,842 $SHIB tokens incinerated in the last hour. This burn rate reflects the SHIB community's commitment to reducing the circulating supply, a move intended to positively impact the token's price.

October Implications: As of now, Shiba Inu maintains its position above the $0.000007 support level, with relatively low volatility. The price action reveals SHIB's consolidation within a descending triangle pattern, as it's squeezed between trendlines. Intriguingly, Bitcoin also faces resistance around the $26,919 zone. This consolidation suggests the potential for a breakout, likely bullish, for one of these cryptocurrencies in October.

Should SHIB break out of its 20-day EMA around $0.00000742 without dipping below $0.000007, a significant 50% price increase may be in store, potentially pushing it towards $0.00001136, reminiscent of its performance on August 12th

#crypto2023 #crypto #cryptocurrency #bitcoin #Binance

The pseudonymous founder of Shiba Inu appears to be undertaking further efforts to dissolve their massive holdings and evade tracking, according to blockchain analysis firm Bubblemaps.
Bubblemaps previously identified a cluster of wallets traced back to a single entity that purchased 100 trillion SHIB right after launch, representing the founder’s original stash. Following this exposure, they received an anonymous message to remove the analysis, claiming it provided an attack blueprint.

Shortly after, two key wallets – 0x1406 and 0xc1ca – began slowly emptying by transferring SHIB in chunks to over 20 newly created wallets. 0x1406 was the primary wallet that had acquired the 100 trillion founding tokens.
By draining these two wallets, Bubblemaps concludes that the founder aims to fully obscure the original SHIB cluster and founder links. Removing these core wallets makes the overall distribution appear more decentralized to outside observers.
But Bubblemaps contends that their analysis reveals the founder’s ongoing intentions to mask the extent of their holdings through complex wallet shuffles. Even as the cluster transforms, on-chain forensics can continue unraveling money flows.
The subterfuge illustratesextent to whichxtent founders must go to conceal affiliations and manage perceptions after a token gains massive value. But blockchain transparency makes covering one’s tracks an endless cat-and-mouse game, with sleuths quick to detect sham decentralization.
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The pseudonymous creator of Shiba Inu (SHIB), ‘Ryoshi,’ has reportedly emptied his wallets and is once again on the radar. It is speculated that Ryoshi controls 10% of the 589 trillion SHIB supply. However, Ryoshi has never confirmed owning the wallets in question.
Crypto Analysis firm Bubblemaps allegedly received a message from the anonymous programmer. The firm had created a blueprint for the suspected addresses of the Shiba Inu [SHIB] founder to be under attack. As per the message, Ryoshi says that the Analysis firm created a perfect blueprint for an attack. According to Bubblemaps, the tokens were moved because Ryoshi fears there might be dusting attacks on the wallets.
Following our first thread, we got an anonymous message from someone claiming to be the owner of $SHIB, asking us to remove the thread.They said we laid out a "perfect blueprint" for an attack pic.twitter.com/iL3NpZ1yXO— Bubblemaps (@bubblemaps) September 28, 2023
A dusting attack occurs when an illicit player sends small packets of crypto, called “dust,” to multiple wallets. The hacker then aims to find the owner of these wallets and then launch phishing attacks to drain them.
However, the message does iterate that the writer wants their privacy respected. It stated,
“I was hoping that you would respect the privacy of my wallets and refrain from posting them publicly. I understand my wallets have been talked about many, many times. But all my wallets have not been publicized in such a way that (Bubblemaps) have.”
Shiba Inu faces a 3% correction
While rumors about Ryoshi moving their tokens swarmed the community, SHIB’s price went down by 3.1% in the last 24 hours. However, it is unlikely that Ryoshi moving their tokens has anything to do with Shiba Inu’s (SHIB) latest dip. In fact, the larger market itself has slipped, with Bitcoin (BTC) down 1.4% and Ethereum (ETH) down by 3.1% in the last 24 hours. Despite nine Ethereum (ETH) futures ETFs (Exchange Traded Funds) launching today, ETH’s price has not reacted.
However, October could see a trend change as it has historically been a bullish month for crypto, popularly called “Uptober.” According to CoinGlass, since 2013, the month of October has given negative monthly returns only twice. At press time, SHIB was trading at $0.00000732, up by 0.4% in the last hour.
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