Shiba Inu (SHIB) has remained ensnared in a consolidation phase since the start of 2024, trading mainly in the $0.00002 threshold. This protracted weakness has kept investors poised at the edge of their seats, yearning for a notable surge in either direction. This week, the meme coin continued to show weakness, with prices persisting in their descent following a sudden dip on Friday.

The exacerbation of this weakness, particularly evident on Tuesday, can be partially attributed to fear after several wallets sent close to $100 million worth of SHIB to exchanges. In a tweet, popular crypto sleuth “The Data Nerd” highlighted an instance where approximately $97.33 million worth of SHIB was deposited into Coinbase in the wee hours of the day.

Notably, the transfer involved 10 wallets, all exhibiting coordinated movements. According to “The Data Nerd,” these wallets have accumulated SHIB since September 2021 and March 2024, with an average entry price of $0.00001309. At the current price levels, these holders stand to make significant profits totaling roughly $41.22 million, potentially signaling their intent to sell. 

It is important to note that while the whales may not particularly dump SHIB, investors are particularly wary of the implications of such large deposits to exchanges. Historically, significant inflows of cryptocurrencies to exchanges have heightened market volatility, leading to sudden and drastic price fluctuations. The possibility of profit-taking by these holders further exacerbates concerns about the short-term outlook for SHIB.

However, amidst these apprehensions, there are contrasting reports. In a separate tweet, “Whale Alert,” a service that tracks huge crypto transactions, reported a 600 billion SHIB transfer worth approximately $13.71 million from Robinhood to an unknown wallet. Contrary to the Coinbase case, this move signals a strong inclination towards “HODLing” among large investors, which is bullish for price.

That said, amidst these developments, analysts maintain their anticipation of a potential rally for SHIB to the highly anticipated $0.001 price in the medium to long term. In a recent post on TradingView, analyst “Vibranium Capital” pointed out that while the current price consolidation may persist for a while, he foresees a bullish surge to the range of $0.000054 to $0.000088 in the medium to short term.

At press time, SHIB was trading at $0.000021, reflecting a 2.44% drop in the past 24 hours.

The post Santiment Report Says Massive Surge in Shiba Inu (SHIB) Could Be Imminent? appeared first on Coinpedia Fintech News

Shiba Inu, the second-largest meme coin by market cap, has recently experienced significant market corrections. Insights from market intelligence platforms Santiment indicate that whale holdings of SHIB are declining on centralized exchanges, while the burn rate of the coin has skyrocketed. 

Despite this, recent data suggests that Shiba Inu might be on the verge of a substantial price surge. As of now Shib coin price is trading at $0.00002178, reflecting a surge of 1%.

Shiba Inu Whale Holdings Decline

According to Santiment, the amount of Shiba Inu on centralized exchanges has been decreasing. Since May 27, the top ten exchanges have reported a reduction in SHIB holdings, with whale wallets now holding 2.4% fewer tokens than in the past three weeks. 

The top 10 exchange wallets on the #ShibaInu, #Chainlink, and #Ethereum networks, respectively. Since May 27th, their holdings have shrunk by: $SHIB : -2.4% $LINK: -2.9% $ETH: -8.6%Decreasing exchange supplies should be considered a good sign for bullish traders. pic.twitter.com/MbrSKaFF8s

— Santiment (@santimentfeed) June 13, 2024

The data shows a rise in SHIB supply on exchanges in mid-May, reaching a monthly high before beginning a downward trend in late May and early June. As of June 12, exchanges held 164.63 trillion SHIB tokens. 

Santiment notes that this decline in exchange-held SHIB tokens is seen as a bullish signal, as it indicates that investors are moving their holdings to self-custodial wallets. 

Beginning of the Bull Run

Further Santiment report highlights investors have been accumulating SHIB from exchanges, and the number of wallets holding between 10,000 and 10 million SHIB tokens has been steadily increasing, with 831,548 such addresses as of now. This reflects an addition of 36,281 new wallets since March 5.

Shiba Inu’s Burn Rate Surged

On the other hand, the Shibburn analytics platform, which tracks Shiba Inu burn transactions, reports a remarkable 1,460.86% increase in the burn rate over the last 24 hours. Seven burn transfers have been conducted, resulting in the disposal of 110,885,723 SHIB tokens. 

In the past 24 hours, there have been a total of 110,885,723 $SHIB tokens burned and 7 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/SaItvyEBDZ

— Shibburn (@shibburn) June 14, 2024

Most of this amount was burned in a single transfer by an anonymous whale, sending 100,000,000 SHIB to an unspendable blockchain wallet.

Shiba Inu Price Forcast 

This reduction in circulating supply could further boost the price of Shiba Inu. However, a prominent crypto trader Coach K Crypto recently revealed a timeline suggesting that SHIB could experience a 231.5% rally, potentially driving its price to $0.00053.

Additionally, the derivatives market has seen a decline in trading activity and investor interest, with SHIB Futures Open Interest falling by 1.68% and derivatives volume dropping by 64.37%. Shib is currently trading at $0.00002166, reflecting a 0.27% fall from the previous day. 

The Shiba Inu (SHIB) cryptocurrency has experienced a significant boost in its token burn rate, according to the latest data from Shibburn. Over the past 24 hours, the token burn rate of Shiba Inu has surged an astounding 863.58%, with a total of 107,081,056 SHIB tokens burned. This brings the total number of SHIB tokens burned over the last week to 368,456,226.

Token burning is a process in which a portion of tokens are permanently removed from circulation, reducing the total supply. This deflationary mechanism is employed to increase scarcity and potentially drive up the token's value. For Shiba Inu, a meme coin known for its massive supply, significant burns can have a major impact on its market dynamics.

Shiba Inu's market performance

Despite the impressive burn rate, SHIB's price has remained relatively low in recent days, mirroring trends in the broader crypto market. As of the latest data, SHIB is trading at $0.00002176, marking a modest increase of 0.41% in the past 24 hours. However, the trading volume has seen a significant decline, down 56.62% to $340.81 million.

From a technical perspective, Shiba Inu presents a mixed picture. The Relative Strength Index (RSI) for SHIB stands at 39.71. The RSI is a momentum oscillator that measures the speed and change of price movements, with readings below 30 indicating an asset is oversold and above 70 indicating overbought. An RSI of 39.71 suggests that SHIB is currently in neutral to slightly bearish territory.

On a more optimistic note, SHIB's price remains above its 200-day Exponential Moving Average (EMA) and 200-day Simple Moving Average (SMA). These moving averages are widely watched indicators that help smooth out price action over a given period. Trading above these averages is typically seen as a bullish sign, suggesting that SHIB's long-term trend may still be positive despite recent price weakness.

Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Solana ETF Approved (SOLAPPRO) presents a similar opportunity for a limited time.

Solana ETF Approved (SOLAPPRO), a newly launched Solana memecoin, is poised to explode over 9,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.

SOLAPPRO will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Solana ETF Approved.

Currently, Solana ETF Approved can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy SOLAPPRO on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Solana ETF Approved by entering its contract address – BSNFXxSdJusq5de54wUFoDEQDYmj8qaHSsczVqpzmcyx – in the receiving field.

SOLAPPRO currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

Crypto analyst Eljaboom has provided insights into how Shiba Inu (SHIB) could rise in this bull run. The analyst alluded to history to show that the second-largest meme coin by market cap can still reach unprecedented heights.  

Shiba Inu To Reach $0.00024 In This Bull Run

Eljaboom suggested in an X (formerly Twitter) post that Shiba Inu will rally by over 1,000% to reach $0.00024 in this bull run. This came following his remarks that history was repeating itself for SHIB. The accompanying chart he shared showed that the analyst was expecting Shiba Inu to experience a similar price surge as it did in 2021, although way higher this time around.

Related Reading

Source: X

Crypto analyst Crypto Emily seemed to agree with Eljaboom’s prediction, stating that anyone who has lost faith in Shiba Inu is “clueless.” Meanwhile, Eljaboom’s prediction aligns with other crypto analysts who predict that Shiba Inu will shed another zero and rise to $0.0001. One is Javon Marks, who predicts that SHIB will eventually rise to $0.0001553. 

Crypto analyst Capt Toblerone shared a similar prediction to Eljaboom’s own while using the Elliot Wave Theory to analyze Shiba Inu’s chart. The chart showed that SHIB will rise to $0.00022 when wave 3 of the five-way sequence occurs. Interestingly, the analyst suggested that Shiba Inu’s rise to this price level could happen by September this year. 

Meanwhile, other crypto analysts, like Armando Pantajo, have made more bullish price predictions for SHIB in this bull run. Pantajo predicted that Shiba Inu would shed two zeros and rise to $0.001. Crypto analyst Ali Martinez went one further and predicted that Shiba Inu could shed three zeros and rise to $0.011.

Factors That Can Spark Shiba Inu’s Unprecedented Price Surge

Several factors could contribute to Shiba Inu’s parabolic rise to such heights. One is the institutional adoption of the meme coin. The Shib community has been actively working towards achieving this by petitioning Grayscale to consider launching a SHIB ETF. Interestingly, this petition has gained over 10,000 signatures, highlighting the community’s dedication to the cause. 

Related Reading

The potential launch of a Shiba Inu ETF would bring new money into the meme coin’s ecosystem, which could trigger this parabolic price surge. New money is also expected to flow into the SHIB ecosystem when the team finally launches the proposed privacy-focused layer-3 network. More users are expected to troop into the Shiba Inu ecosystem to enjoy such utility.

Meanwhile, layer-2 network Shibarium undoubtedly still has a significant role to play in SHIB’s growth. The network has already committed to using some of the network fees earned for Shiba Inu token burns. As such, Shibarium can be expected to carry out massive token burns again once daily transactions on the network pick up. 

SHIB price jumps | Source: SHIBUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Source: NewsBTC.com

The post Historical Trends Suggest Shiba Inu Price Will Rally 1,000% To $0.00024, Analyst Reveals When appeared first on Crypto Breaking News.

According to Odaily, Shiba Inu (SHIB) has expanded its utility by supporting Web3 food delivery payments. It is reported that users can now place orders on the Web3 food ordering and delivery platform, DevourGO, using SHIB. However, it remains unclear whether this is the first time SHIB has been used for food delivery orders. This development marks another step in the integration of cryptocurrencies into everyday transactions, further demonstrating the growing acceptance and adoption of digital currencies in various sectors. As more platforms begin to accept cryptocurrencies as a form of payment, the use of digital currencies like SHIB in everyday transactions could become more commonplace. However, the specifics of how this integration will work and its potential impact on the broader cryptocurrency market remain to be seen.

Shiba Inu price tumbles, but analysts predict a massive rebound based on past surges.

The bullish chart suggests an 11x increase, potentially reaching $0.00024.

The community remains optimistic despite the current market downturn.

Despite Shiba Inu (SHIB) reaching its lowest price since April amidst a market downturn, prominent figures within the crypto community remain optimistic, pointing to historical patterns that suggest a potential rebound.

A bullish Shiba Inu chart, originally posted by Moataz Elsayed, a Forbes 40 Under 40 nominee, has recently gained attention in the crypto community. Based on historical patterns, the chart predicts an 11x surge for SHIB, potentially reaching $0.00024.

The chart references Shiba Inu’s previous rally to its all-time high of $0.0000885 in the last quarter of 2021. Prior to this historic surge, SHIB experienced a temporary spike to around $0.00001995, followed by a pullback to $0.000005, where it consolidated for 140 days. This consolidation phase led to a breakout, with Shiba Inu surging by 343.64% to its all-time high in October 2021, coinciding with the height of the 2021 bull market. 

However, another significant correction followed this rally, leading to the longest consolidation phase in SHIB’s history. The asset has been consolidating for 658 days with occasional bullish breakouts. One notable breakout occurred in March when Shiba Inu reclaimed a three-year high of $0.000045, although a pullback has followed this milestone as well.Elsayed argues that Shiba Inu is on the verge of repeating history, predicting a potential surge of 1,105% to a new high of $0.00024. Many other notable market watchers have voiced similar sentiments about SHIB. At press time, Shiba Inu trades with four leading zeros at $0.00002140.

The post Shiba Inu’s Price Chart Hints at a Massive 11x Rally appeared first on Coin Edition.

DevourGO now accepts Shiba Inu (SHIB) via Coinbase Commerce for food orders, expanding cryptocurrency payment options.

SHIB’s integration marks growing acceptance in mainstream sectors like food delivery.

Despite integration, SHIB’s market price showed minimal response amid broader crypto market volatility.

DevourGO, a well-known web3 food ordering and delivery platform has added Shiba Inu (SHIB) to its list of accepted payment methods. Customers can now use Coinbase Commerce to place food orders using SHIB as a result of the integration, which is an important milestone toward the adoption of cryptocurrencies in the food service sector.

Woof! Did someone say "treats"?! Was this the first food delivery order paid for with $SHIB ?DevourGO now accepts $SHIB with our Coinbase Commerce integration. We made the first purchase, who is next?Visit https://t.co/eG8i0nYHDb to fire up the app & chow down! #ShibainuCoin… pic.twitter.com/SUKvGXwvjm

— Devour (@GoDevour) June 13, 2024

Accepting SHIB demonstrates DevourGO’s dedication to meeting the changing needs of its users by allowing them to take advantage of Coinbase powerful features for easy transactions. Although it is still uncertain if DevourGO will be the first company to use SHIB for food delivery, the announcement has generated a lot of anticipation among Shiba Inu owners.

The integration procedure is intended to be simple, with DevourGO providing an easy-to-follow four-step guide. Customers just order food on DevourGO, choose ‘Pay with Coinbase’ at the register, authorize the payment with their wallet or Coinbase account, and wait for confirmation. The goal of this simpler method is to make SHIB more accessible and convenient for cryptocurrency users who want to use it for everyday transactions.

The move demonstrates the trend of expanding SHIB’s use beyond its memecoin base and demonstrates DevourGO’s innovative approach to digital currencies. The SHIB cryptocurrency is making great strides towards becoming a widely used payment option, with the support of major cryptocurrency processors such as BitPay, Binance, and now Coinbase Commerce.

Despite this advancement, present crypto market conditions have slowed the market reaction to SHIB’s new utility at DevourGO. The token’s valuation remains low in view of ongoing market volatility.

The integration of SHIB by DevourGO highlights a turning point in the integration of cryptocurrency payments with food services, making both more accessible and useful for users. As Shiba Inu acceptance keeps growing, the long-term impact on SHIB’s market dynamics remains a major concern in the changing landscape of digital currencies. 

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The post SHIB Takes a Bite out of the Food Industry: DevourGO Embraces Shiba Inu Payments appeared first on Crypto News Land.

Santiment analytics aggregator has released a report about Ethereum and two other notable altcoins – Shiba Inu and Chainlink.

The data it shared shows that a positive move on the market has just happened for bullish traders of these three cryptocurrencies.

card

Bullish SHIB, ETH and LINK sign revealed by Santiment

The tweet published by the aforesaid data source earlier today shows that the supply of SHIB, LINK and ETH held by whales on cryptocurrency exchanges has drastically shrunk since May 27.

The top 10 wallets on these networks have seen their holdings plunge – SHIB went down by 2.4%, LINK dropped by 2.9% and ETH decreased by 8.6%.

The analytics team of Santiment underscored that decreasing exchange supplies are generally believed to be “a long-term bullish sign” for traders.

🐳 The top 10 exchange wallets on the #ShibaInu, #Chainlink, and #Ethereum networks, respectively. Since May 27th, their holdings have shrunk by:📉 $SHIB : -2.4%📉 $LINK: -2.9%📉 $ETH: -8.6%Decreasing exchange supplies should be considered a good sign for bullish traders. 👍 pic.twitter.com/MbrSKaFF8s

— Santiment (@santimentfeed) June 13, 2024

SHIB burn rate soars by over 1,000%

The Shibburn analytics platform focused on Shiba Inu burn transactions has shared that within the last 24 hours, the burn rate of this popular meme cryptocurrency has seen a notable increase of 1,460.86%.

In the past 24 hours, there have been a total of 110,885,723 $SHIB tokens burned and 7 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/SaItvyEBDZ

— Shibburn (@shibburn) June 14, 2024

Seven burn transfers have been conducted so far, according to data shared by this wallet tracker. In total, the SHIB community has managed to dispose of 110,885,723 Shiba Inu meme coins. Nearly all of this amount was burned in a single transfer made by an anonymous whale, with 100,000,000 SHIB gone into an unspendable blockchain wallet forever.

DEXTools made a major announcement in which they added support for ShibaSawp. As a result, anyone can unlock Decentralized Finance (DeFi) analytics for the Shiba Inu (SHIB) crypto, potentially driving its momentum higher. In addition, the token’s burn rate surged by almost 2,835.47% but its value has remained sluggish. 

As a result, many are wondering if it can recover, and some have even moved to Rollblock (RBLK) due to its unique revenue-share model, which could propel the crypto upwards as analysts project a 100x price increase. Today, we will go over both of these projects to see just how far they can rise, and we will see which is a good crypto to buy for diversification. 

Shiba Inu Crypto Down Despite Burn Rate Rising 2,835.47%

Shiba Inu (SHIB)’s burn rate has risen 2,835.47% according to Shibburn.com data. The rate has exploded, where a total of 7,912,388 SHIB tokens have been permanently removed from circulation, which could result in increased Shiba Inu crypto scarcity, and can potentially drive the value upwards.Moreover, the Shiba Inu price has dropped by 16% in the past week, despite DEXTools adding support for ShibaSwap. According to the Shiba Inu price prediction however, the crypto can end Q4 of 2024 at $0.000038, making it a good crypto to buy.

Rollblock (RBLK) to Dominate Charts With Revenue Share Model Appeal

Rollblock (RBLK) is a presale-stage cryptocurrency that has a unique advantage of being a part of an already fully-operational and licensed casino. This established platform leverages blockchain technology to deliver enhanced functionality and unparalleled transparency.

By eliminating Know-Your-Customer (KYC) checks, Rollblock caters to the growing demand for privacy-focused DeFi, attracting a broader user base seeking control over their data. Leveraging blockchain technology, Rollblock guarantees verifiable and immutable transaction records, establishing a level of transparency unmatched by traditional online casinos.

In addition, cryptocurrency transactions also enable quicker deposits, near-instant withdrawals and lower fees, making Rollblock a cost-effective online casino. In addition, the platform has stood out with its unique tokenomics model, which introduces a revenue share system. 

Up to 30% of the profits generated from the casino are used to buy back tokens from the open market. Then, half of these are burned, creating scarcity and potentially driving up the price of the crypto, meanwhile, the remaining half gets distributed as staking rewards, and this incentivizes long-term investment opportunities from whales and other traders. 

The presale has already surpassed $740,000 and is projected to hit $1 million by month’s end, and the token price has already surged 40% in the pre-sale, reaching $0.014, and this makes it the best cryptocurrency to buy now. Analysts predict a staggering 100x price increase upon exchange listing, fueled by Rollblock’s dominance in the GambleFi market projected to reach $744 billion by 2028.

Which Crypto Is the Better Diversification Opportunity?

Shiba Inu has undergone rapid burning, and its ecosystem has expanded, but despite this its value has not yet managed to bounce back. However, Rollblock represents a solid opportunity in the booming market that should not be missed, as it has appealed to traders globally with its unique revenue share model, making it the best cryptocurrency to buy now.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino

The post Ethereum ETF Approval on the Horizon: What It Means for Shiba Inu and Furrever Token Investors appeared first on Coinpedia Fintech News

With the impending approval of Ethereum ETFs, the crypto market stands on the cusp of change. This regulatory development could deeply impact Shiba Inu and Furrever Token, opening up new paths for informed investors in these promising digital assets. Discover how to adjust to these changes and refine your investment approach to capitalize on emerging opportunities in this evolving environment.

Gensler: SEC Could Approve ETH ETF’s This Summer

In recent Senate Appropriations Committee discussions, SEC Chair Gary Gensler hinted at potential approvals for Ethereum (ETH) ETFs by September. This regulatory advancement is significant for the crypto sector, given Ethereum’s uncertain classification as a commodity or security. 

Gensler noted progress in reviewing S-1 filings, crucial for greenlighting spot ETH ETFs under rule 19b-4. However, he refrained from definitively categorizing Ethereum, hinting at ongoing ambiguity. On the other hand, Rostin Behnam of the CFTC considers Ethereum to be a commodity, underscoring regulatory differences.

The SEC’s scrutiny focuses on Ethereum’s shift to proof-of-stake (PoS). ETF applications omitting staking details indicate increased SEC oversight, potentially affecting market access. 

Recent SEC actions against Ethereum-related entities like Consensys and Uniswap illustrate ongoing scrutiny despite political changes. This regulatory landscape underscores challenges in integrating DeFi innovations into traditional finance, impacting Ethereum’s path and similar assets. 

Shiba Inu (SHIB) Could Skyrocket in the Future

Bitcoin’s technical signals weakened in June, signalling potential downward pressure on SHIB. Additionally, the Federal Reserve’s cautious stance on interest rates dampened Bitcoin’s attempt to revisit the $70,000 mark this week, overshadowing previous inflation optimism.

Bitcoin’s ongoing consolidation over the past three months suggests that SHIB may face increasing selling pressure. Notably, the $0.00018 level has previously been observed as a strong support for SHIB heading into 2024.

Earlier this year, SHIB peaked at $0.000046 but has since experienced a more than 50% decline in market capitalization. If SHIB were to revisit previous highs in the current bullish market, investors could potentially see gains quadruple, pushing the token’s market value towards $50 billion.

This scenario offers a promising outlook for investors who believe in Shiba Inu’s larger upside potential. Speculation also surrounds Dogecoin (DOGE) potentially reaching $1 and pushing its market cap above $140 billion in this cycle, which could imply upward potential for SHIB.

With SHIB currently holding approximately 61% of Dogecoin’s market value, if Dogecoin’s market cap reaches $144 billion, SHIB could potentially reach a market value of around $90 billion.

Investors eyeing SHIB are thus hopeful about its prospects amid evolving market dynamics and potential for significant gains in the crypto landscape.

Furrever Token: The Next Big Opportunity

Amid Ethereum and Shiba Inu’s market activities, Furrever Token (FURR) emerges as a compelling choice for investors looking to diversify and achieve significant returns in the cryptocurrency realm. Furrever Token distinguishes itself by integrating charming cat-themed content with a strong community-driven model, promising innovation in the market.

Furrever Token has already raised over $1.3 million in its presale stages, demonstrating significant investor interest. Currently in stage 9 of its presale, Furrever Token offers up to 15X returns, with a current price of $0.000732. The token’s launch on PancakeSwap is eagerly anticipated, promising increased liquidity and trading opportunities.

Furrever Token stands out due to its unique referral program, where users can earn 10% in $FURR Tokens for each deposit made via their individual referral link. This system not only incentivizes existing investors but also encourages widespread adoption by rewarding community-driven growth. Creating a referral link is simple—investors just need to connect their wallet on the official website and start sharing their link to earn passive income.

In addition to financial incentives, Furrever Token integrates engaging cat-themed stickers, emojis, and visuals, transforming everyday crypto interactions into delightful experiences. This emphasis on cultivating a welcoming and supportive community environment boosts user interaction and nurtures a dedicated investor following.

In the evolving crypto market, Furrever Token stands out with its blend of promising returns, active community involvement, and distinctive thematic appeal, offering a compelling option for investors seeking to leverage emerging opportunities in the digital asset space.

Join Furrever Token Presale Now:

Furrever Token Official Website

Visit Furrever Token Presale

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BlockDAG’s remarkable presale success and detailed development roadmap signal its potential for expansive growth. Amidst Shiba Inu’s rising market cap and Dogwifhat’s increased trading volume, BlockDAG’s forward-thinking development strategy and tech innovations mark it as a superior investment. With milestones such as Ethereum Virtual Machine (EVM) compatibility and an expected 30,000x ROI, BlockDAG is crafting unrivaled opportunities for growth.

Shiba Inu’s Market Cap Closes in on Cardano

Shiba Inu (SHIB) has enjoyed a notable increase in market capitalization, recently hitting over $16 billion, nearly reaching Cardano (ADA)’s valuation. From around $14 billion as of May 27th, SHIB’s market cap has surged, showcasing rapid momentum. Presently, SHIB’s trading actions are heavily dominated by buyers, indicating a rising interest in the coin. Trading at approximately $0.000027, SHIB has recorded a 2% increase, aiming for its third consecutive day of gains, in stark contrast to Cardano, which is struggling at about $0.46 with only a 1% increase, showing signs of a bearish trend.

Dogwifhat (WIF) Witnesses a Spike in Trading Volume

In the bustling meme coin market, Dogwifhat (WIF) leads with a 39% jump in trading volume to $2.68 billion, underscoring significant investor interest. Priced at $3.75, WIF has climbed 6.76% in the last 24 hours and 40% over the past month, demonstrating strong bullish momentum. The 14.15% rise in Open Interest indicates that more traders are investing, signaling confidence in its continued strong performance.

BlockDAG’s Bold $10 Price Forecast

BlockDAG’s thriving presale, which has successfully raised $50 million by its 18th batch with a phenomenal 1120% increase in value, strongly highlights investor trust. The roadmap for the near future includes critical updates such as enhancing peer-to-peer networking, refining linear and DAG algorithms, and incorporating a proof-of-work consensus mechanism.

By mid-July, BlockDAG targets achieving EVM compatibility to facilitate support for Ethereum-based contracts and tools. The subsequent launch of the development network (Devnet) is planned for internal validations and simulations. This step is essential to ensure the network’s robustness before public release. In mid-August, the platform will progress to the Testnet phase for comprehensive performance and security testing in real scenarios. The journey will culminate with the Mainnet launch in late September, signaling the start of full operations and public availability.

In mid-August, BlockDAG is set to transition to the Testnet phase, where it will undergo extensive performance and security testing under real-world conditions. This phase is critical in preparing for the late September Mainnet launch, which will mark the commencement of BlockDAG’s live operations and public accessibility, setting the stage for potential exponential growth and investor returns.

Final Reflections

BlockDAG’s systematic roadmap and pioneering advancements secure its position as the prime investment opportunity. While Shiba Inu’s market cap growth and Dogwifhat’s trading volume increase are significant, BlockDAG’s presale achievements and upcoming milestones, notably EVM compatibility and a potential $10 valuation by 2025, promise unparalleled growth prospects. For investors looking for substantial returns and state-of-the-art technology, BlockDAG clearly leads the pack among emerging cryptocurrencies, set to redefine the market and deliver impressive returns.

Join BlockDAG Presale Now:Website: https://blockdag.networkPresale: https://purchase.blockdag.networkTelegram: https://t.me/blockDAGnetworkOfficialDiscord: https://discord.gg/Q7BxghMVyu

The post Over 1120% ROI: BlockDAG Network Set To Eclipse Shiba Inu & Dogwifhat In 2024 appeared first on CoinChapter.

Top 10 wallets of SHIB, ETH, and LINK have reduced their holdings on exchanges.

Santiment said that since May 27, SHIB wallets have reduced supply by 2.4%.

LINK and ETH wallets decreased their supply by 2.9% and 8.6%, respectively.

Santiment, a leading blockchain analytics firm, reports a notable trend among the largest Shiba Inu holders. The top 10 wallets have significantly reduced their holdings on cryptocurrency exchanges, signaling a potential shift towards long-term investment strategies and bullish sentiment for the popular meme token.

This trend suggests these whales are opting to HODL, not fold, signaling a bullish outlook for Shiba Inu.

In an X post Santiment noted that since May 27th, the holdings of the top 10 wallets for Shiba Inu on exchanges have shrunk by 2.4%, which “should be considered a good sign for bullish traders.”  

Similar trends were observed for Chainlink (LINK) and Ethereum (ETH). Santiment also noted that the top 10 wallets for LINK and ETH have decreased their supply on exchanges since May 27 by 2.9% and 8.6%, respectively.

Such a precipitous maneuver suggests investors are transferring their holdings to private wallets for long-term holding. This basically shows that the investors are more confident in the digital asset’s future price; in this case, the investors being the top 10 wallets.

Meanwhile, SHIB, ETH, and LINK have not performed quite well in the past seven days, dropping by 15.1%, 8.2%, and 11.9%, respectively, as per the data from CoinGecko. Further, SHIB was down 7.6% in the past 30 days, while ETH and LINK went up 20.6% and 18.4%, respectively, with chances of additional gains as well. It is also worth noting that Shiba burns are on the rise, which can lead to a potential surge in demand for the second-largest meme coin in the digital asset by market capitalization.

The post Shiba Inu Whales HODL, Signal Bullish Trend Amid Market Volatility appeared first on Coin Edition.

Which cryptocurrency will take the lead in 2024? This article provides detailed insights. Amid many contenders, BlockDAG, Fantom, Shiba Inu, Polkadot, and Render each bring something unique to the table, capturing the interest of investors.

BlockDAG, with its revolutionary Keynote 2 and a presale structure that brought in $49.2 million, is set for significant expansion and tech enhancements. But among these digital currencies, which will emerge as the supreme investment choice in 2024?

1. BlockDAG: Pioneering the Future of Cryptocurrency Investments

In today’s digital-centric world, initiatives like BlockDAG spearhead the evolution of online transactions. Their early presale phase is pivotal, offering a preview of the prospective advancements in mining and trading.

BlockDAG stands out by organizing its crypto presale into 45 batches, allowing for fair involvement and maximizing investor benefits.

A recent Keynote presentation from the Moon outlined BlockDAG’s strategic roadmap and reaffirmed its commitment to progress and openness. During its 18th batch, BlockDAG amassed $49.2 million by selling over 11.4 billion coins, marking a 1120% increase in value to $0.0122.

BlockDAG also introduces a vesting period to distribute coins gradually, promoting long-term investment over quick profits. Coupled with a $100 million liquidity boost, this strategy aims to smooth out market fluctuations and provide a stable trading environment, safeguarding against sudden price drops.

This strategic approach makes BlockDAG a prime choice for investors in 2024, attracting new capital while retaining existing investors’ trust.

2. Fantom’s Investment Thresholds and Tactics

The Fantom (FTM) cryptocurrency is rebounding after an 18% downturn, now sitting above vital support levels.

Investors should watch for the reclamation of a key level as an indicator of bullish trends, which could propel FTM towards a 40% increase. A bullish signal from the Relative Strength Index (RSI) would confirm this positive trajectory.

Yet, a fall below this essential support could negate this outlook. With major investors once again gathering FTM and the potential for noteworthy returns, Fantom stands as a leading crypto choice for 2024, assuming it surpasses key resistance and the market remains stable.

3. Shiba Inu’s Rally Prospects

Despite a recent 8% weekly drop and a decrease in market cap, Shiba Inu (SHIB) is set for a possible surge.

Recent significant purchases by whales indicate a bullish outlook and the possibility of price increases. However, extensive sales might trigger steep declines.

Given its potential for high returns, Shiba Inu is marked as a promising crypto investment for 2024.

4. Polkadot Price Movements

Polkadot (DOT) has recently dipped by 7% after struggling to break through a major resistance level due to heightened sell-offs. The currency now rests at a critical support point, crucial for its next moves. Technical indicators show that DOT could not overcome a significant resistance area, leading to a bearish outlook. The price is now at a key support area, with expected consolidation.

The futures market shows substantial liquidity at higher prices, pointing to these as targets if a bullish trend picks up mid-term. The next price movements will be critical for Polkadot’s trajectory.

5. Render’s Upbeat Forecast

Render (RNDR) has seen a significant rise over the past year, according to CoinMarketCap. Crypto analyst Mister Crypto remains optimistic, forecasting a forthcoming breakout for RNDR.

Technical analysis supports this positive view, as the cryptocurrency remains above crucial moving averages with several positive indicators.

Experts predict a notable price increase before Q2 2024 ends. This strong performance and favorable outlook place Render as a top altcoin with substantial growth prospects.

Concluding Thoughts

As we explore the narratives of Fantom’s rebound, Shiba Inu’s potential surge, Polkadot’s key trends, and Render’s bullish forecast, BlockDAG confirms its leading position earning $49.2 million in crypto presale. This trailblazer in the crypto world continues to attract investors with its substantial growth and strategic market moves like the vesting period and the $100M liquidity boost. As each chapter unfolds, BlockDAG stands out as the top cryptocurrency to invest in for 2024.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

The post Future Fortunes: Unveiling the Top Crypto Giants of 2024 appeared first on Crypto News Land.

SHIB, LINK, and ETH saw declines in whale-held supplies on exchanges, indicating potential bullish signals.

Shibburn reported a 1,460.86% increase in SHIB burn transactions in 24 hours, burning 110,885,723 coins.

Santiment highlighted decreasing exchange supplies as positive for long-term market sentiment.

In a recent development highlighted by Santiment analytics aggregator, significant movements have been observed in the cryptocurrency market, particularly affecting Ethereum (ETH) along with Shiba Inu (SHIB) and Chainlink (LINK). 

According to the latest data released, these three digital assets have experienced a notable positive shift that favors bullish traders. Key metrics from Santiment’s analysis point to a substantial reduction in the holdings of SHIB, LINK, and ETH by major holders on cryptocurrency exchanges. 

This decrease in supply among the top 10 wallets has been particularly pronounced since May 27, with SHIB witnessing a decline of 2.4%, LINK dropping by 2.9%, and ETH decreasing by 8.6%. Analysts underscored that such diminishing exchange supplies are widely interpreted as a promising indicator for long-term bullish market sentiments among traders.

Moreover, the SHIB community has also seen a remarkable surge in its burn rate. Within the past 24 hours alone, the burn rate for this meme cryptocurrency skyrocketed by an astounding 1,460.86%. This surge was driven by seven burn transfers, collectively eliminating 110,885,723 Shiba Inu coins from circulation. Notably, a single anonymous whale transaction accounted for the disposal of 100,000,000 SHIB tokens into an irretrievable blockchain wallet.

In the past 24 hours, there have been a total of 110,885,723 $SHIB tokens burned and 7 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/SaItvyEBDZ

— Shibburn (@shibburn) June 14, 2024

These developments signify a dynamic period for these cryptocurrencies, with implications that extend beyond immediate market reactions. The combination of reduced exchange holdings and intensified burn rates for SHIB paints a complex but optimistic picture for investors and market participants navigating the evolving landscape of digital assets.

Read also:

Will ADA Continue to Rally Due to Positive Sentiment?

Bitcoin Has Been at a Standstill for 4 Days. Here’s What’s Ahead

XRP and ADA Price Drop Is Just a Bump Before the Pump

SHIB, XRP, ADA, ETH Social Interest Spike Amid Collapse

Rally May Meet “Little Resistance” From Here, Says Metrics

The post Shiba Inu’s Supply Decline Signals Long-Term Bullish Trend appeared first on Crypto News Land.

Shiba Inu is at a crucial juncture near its 200-day EMA, which could prevent a bearish death cross if it maintains support.

The 50-day EMA is close to converging with the 200-day EMA, indicating a potential bearish trend if SHIB fails to rebound.

Market sentiment, trading volume, and positive developments within the Shiba Inu ecosystem are key factors that could drive a price reversal.

Shiba Inu (SHIB) stands at a crucial point where it might rebound from the 200-day EMA, potentially avoiding the formation of a death cross—a bearish signal that typically forecasts further declines. 

Currently trading around $0.00002169, SHIB’s position relative to this key support level is under close scrutiny by traders. The 200-day EMA, marked by a significant black line on the chart, represents a critical support level. Holding above this level could indicate a strong reversal for SHIB, while dropping below it might trigger a bearish trend.

The 50-day EMA is nearing a convergence with the 200-day EMA, hinting at the possible formation of a death cross. This pattern often suggests a bearish future. However, there’s still a possibility for SHIB to recover from the 200-day EMA, thereby preventing this bearish development.

Market sentiment and trading volume are also key elements influencing SHIB’s movement. A reduction in trading volume can indicate a lack of strong buying interest, which is crucial for any potential reversal. Additionally, the RSI shows that SHIB is nearing the oversold zone, suggesting a possible buying opportunity.

Several factors could drive SHIB’s price upward. Positive news or developments within the Shiba Inu ecosystem, a general market recovery, or increased interest from institutional investors could all contribute to a price rebound. As traders watch these developments closely, the next few days will be critical in determining whether SHIB can maintain its support level and avoid a death cross while regaining bullish momentum.

Read also:

Bitcoin’s Potential for a Bullish Surge: A Glimpse Beyond the Death Cross

A CrossRoads for Bitcoin: 1Day Golden, 1Week Death

Debt-Stricken Crypto Influencer Accused of Fraud, Pursued by Creditors Prior to Death

Shiba Inu’s 32% Surge Signals Potential Breakout Against Resistance

XRP’s Decisive Moment: Breaking $0.75 Barrier for Bullish Reversal

The post Shiba Inu Eyes Recovery: Can It Bounce Back and Avoid the Death Cross? appeared first on Crypto News Land.

Shibarium, the layer-2 blockchain solution for Shiba Inu, has seen a massive 300% increase in average transaction fees over the past 24 hours. According to the latest data, the average amount spent per transaction in BONE, the native token of the Shiba Inu ecosystem, increased from 0.00452 BONE to 0.012 BONE, as reported by Shibariumscan.

Shibarium is designed to facilitate the transfer of Shiba Inu tokens, with BONE tokens covering transaction fees. A portion of each transaction fee in BONE is converted to SHIB and sent to a dead wallet, reducing the overall supply of tokens through burning.

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This increase in transaction fees has occurred despite a decrease in activity on the Shibarium network. The number of active accounts decreased by 11.4%, from 465 to 412, and the total number of transactions decreased by 18.23%, from 4,363 to 3,566 in the last 24 hours.

Source: Shibariumscan

The increase in transaction fees in the face of declining network activity raises questions about underlying causes. Possible factors include an increase in larger transactions or greater transaction complexity, which could drive up fees.

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Now the question arises about the future of the Shibarium network and its ability to meet growing demand while maintaining efficiency and scalability, as there are concerns about the impact on SHIB and BONE amid general market uncertainties.

Addressing these issues will be critical to the sustainable growth of the Shibarium network.