Like it or not, cryptocurrencies have created many millionaires and billionaires over the years. But with more than 10,000 cryptocurrencies currently in circulation, the trick is choosing the right ones. And if you had chosen Shiba Inu ($SHIB
) in the summer of 2020, you would have hit the jackpot.

What Is Shiba Inu Crypto?
#ShibaInu: is a meme coin that launched in August 2020 to compete with Dogecoin ($DOGE
) and attracted a large number of followers, called the “Shib Army.” Unlike many cryptocurrencies, Shiba Inu does not run on its own blockchain. Instead, it uses the Ethereum platform.

Shiba Inu is also not mined. Instead, a finite supply of the coins (1 quadrillion) was created at the birth of the cryptocurrency.

How Much Would a $1,000 Investment Be Worth Today?
If you had invested $1,000 in Shiba Inu crypto in August 2020 and sold it on November 1, 2024, you would’ve reaped a profit of more than $13 million.

In fact, a mere $10 would have given you a profit of over $130,000.

What Is Shiba Inu Crypto Used For?
Shiba Inu is accepted at many retailers, including AMC cinemas via Bitpay. You can also use the cryptocurrency for peer-to-peer payments and trade it for other cryptocurrencies on ShibaSwap.

Shiba Inu is also traded on other cryptocurrency exchanges, such as Coinbase.

Should You Buy Shiba Inu Crypto?
Before you run out and spend your money on Shiba Inu, there are things you should consider. In addition to the fact that there are thousands of other cryptocurrencies out there, many people think Shiba Inu crypto lacks a value or purpose. That being said, it can still offer growth potential.

Still, while the idea of turning $1,000 into millions is mouthwatering, when dealing in crypto, it’s always best to live by the motto “Caveat emptor,” or, “Let the buyer beware.”
#AltCoinRush

Shiba Inu ($SHIB ) has been at the center of excitement, sparking buzz with its recent sharp price movements and heightened trading activity. Over the past week, SHIB witnessed an impressive 50% price spike followed by a swift correction on Coinbase, potentially triggered by liquidity fluctuations on the exchange. Despite the dip, the token quickly rebounded, showcasing notable resilience.

This price volatility aligns with pivotal advancements within the $SHIB ecosystem. Key among these is the progress of Shibarium, a layer-2 scaling solution aimed at minimizing transaction fees and enhancing network efficiency. The launch of Shibarium and a rise in SHIB burn rates have bolstered optimism in the community, capturing the attention of significant investors looking for strategic entry points.

The countdown is on, and with just 72 hours left, SHIB holders and enthusiasts should stay vigilant as these developments unfold. The coming days are set to be critical—brace yourselves for potential big moves, SHIB Army! 💪

#ShibaInu: #SHIB، #CryptoAlert #Shibarium #Coinbase #CryptoCommunity #CryptoNews
#Write2Earn! #AltCoinSeason #BIOProtocol

Pseudonymous pundit Master Kenobi has lauded Shiba Inu’s perfectly crafted technology, stating that the chances of finding such caliber projects are one in a few hundred times.

In a November 3 post, Kenobi insisted that #ShibaInu: has been dynamic and continues to outperform his expectations in its four years of existence. He stressed how hard it is to come by a project with similar exceptional innovation.

Furthermore, Kenobi lauded Shiba Inu’s pseudonymous founders, who launched the meme coin with a “meticulously planned and engineered” purpose that is rare among today’s projects.

He noted that the precision of creation and capital deployment shows that the creators fully understood blockchain technology and how to use it to effectively create financial freedom.

3 Ethereum Coins Poised to 5X If ETH Reaches $5,000
The current market recovery is fueled by the U.S. presidential election, Bitcoin surge to ATH, and traders’ anticipation of a Fed rate cut. These macroeconomic events create a suitable environment for the altcoin market to thrive. Here are the top three Ethereum coins that could leverage the broader market recovery to drive a 5x increase if ETH reaches the $5,000 milestone.

Shiba Inu (SHIB)
The popular memecoin Shiba Inu (SHIB) tops our list of top Ethereum coins due to its huge upside potential. By press time, the SHIB price traded at $0.0000178 with a market cap of $10.48 Billion.

A look at the daily chart shows the Shiba Inu price prediction has shifted its five-month correction sideways, signaling an early sign of trend reversal.

Despite the consolidation trend, the SHIB supply held by top addresses has surged steadily since April 2024 to reach 61.35%. Such accumulation typically suggests that these large investors anticipate future price growth or significant market movements, as they tend to build positions ahead of bullish trends.
Source: Santiment
Pepe Coin (PEPE)
Another top memecoin that holds a 5X growth potential is the Pepe coin. Over the past five months, the PEPE price has shown a sideways action between two converging trendlines, indicating the formation of a symmetrical triangle pattern.

Theoretically, the narrowing range should bolster the asset price to recuperate the bullish momentum and signal uptrend continuation with a key breakout.
However, the Pepe coin has been witnessing an active accumulation trend from large investors before the consolidation trend. According to Santiment data, the whale wallets with 100 Million to 1 Billion coins have increased their holding from 11.82 Trillion to 13.7 Trillion according to Santiment.

Similar to SHIB, this implies that significant investors are showing growing confidence in the potential of the Pepe coin.
Source: Santiment
Uniswap (UNI)
As the DeFi sector expands, platforms like Uniswap are essential for providing liquidity and enabling seamless token swaps. Currently, the UNI price trades at $7.12 with a market cap of $4.29 Billion.

With an intraday gain of 5.2%, the UNI price is inching close to $8.25 resistance, a level which has limited buyer’s recovery since early July. Despite the recent 30-day MVRV (Market Value to Realized Value) ratio wavers at -6.75%, indicating the short-holders are at a loss.
These traders often capitulate if the correction trend prolongs, allowing buyers a better value to enter the market. Thus, this transition often boosts asset prices, with long-term buyers setting a sustained uptrend.
Conclusion
Ethereum coins like SHIB, PEPE, and UNI are deeply embedded in the ETH ecosystem and poised to benefit from its growth, driven by increased adoption of DeFi, smart contracts, and dApps.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news for trading, staking, investing after our own research.

#ShibaInu: #suicoin #pepe⚡ #Uniswape #PepeCoinToTheMoon

Changelly analysts believe this new month of November would be bullish for , expecting the dog-themed asset to trade at an average price of $0.0000294 and to hit a maximum value of $0.0000402. However, they argue that December 2024 would see lower values.

Meanwhile, these analysts see Shiba Inu trading below $0.00009 for the next few years. They only expect a rise to this region, potentially $0.0000915, in October 2028. This marks a period of four years.

In addition, the analysts believe Shiba Inu investors would need to wait for an extra four years before they can witness a 2,193% increase from the current price. They see
reaching the $0.0004 zone in November 2032, eight years from now and four years from 2028.

Lastly, despite the audacious nature of the $0.002 target, the Changelly report suggests Shiba Inu is capable of claiming it. Analysts at the crypto exchange resource project a rally for SHIB to $0.002 in February 2040. This marks 16 years from now.
#NovemberMarketAnalysis

📈 Shiba Inu (SHIB) Price Reversal on the Horizon? 📈
🌟 Key Developments:
- 💥 Trading Volume Surge: SHIB's 24-hour trading volume jumps 56.12% to $100.02 million.
- 📊 Major Exchanges: Significant trading activity across:
- OKX: $51.73 million
- BingX: $18.32 million
- CoinEx: $11.86 million
- Bitget: $6.51 million
🧐 Current Market Sentiment:
- 📉 Price Dip: SHIB price down 3.57% to $0.00001589 in the last 24 hours.
- 📉 30-Day Performance: Down 7.25% over the past month.
- 🔄 Consolidation Zone: SHIB remains in a consolidation phase.
🔍 Indicators of a Potential Bull Run:
- 📈 Rising Trading Activity: Suggests a possible market sentiment shift.
- 📊 RSI Analysis:
- RSI Level: 38.98 (neutral sentiment)
- Implication: Coin may confirm support level and head towards an upward trend.
🌐 What It Means:
- 🚀 Investor Interest: Increased trading activity indicates renewed interest and potential buying of dips.
- 📈 Bullish Sentiment: RSI and trading volume suggest a shift towards a bullish market.
✨ Stay Tuned: The Shiba Inu community anticipates a potential price rally amid these developments!

Stay updated with the latest on Shiba Inu (SHIB)! 💹

#SHIB، #shiba⚡ #ShibaInu: #July_NonFarmPayrolls_Shock

Shiba Inu (SHIB) had its best season in the first quarter of 2024 when merchant orders grew by 76%. This growth implies enhancing the understanding and adoption of cryptocurrency in every possible transactional activity. The report by CoinGate, released in the first half of 2024 and called "Crypto Payments Report & Industry Insights (H1 2024)," pointed to a rising trend in Shiba Inu. SHIB is listed among blockchain payment systems in surveys alongside other traditional cryptocurrencies such as Ethereum (ETH) and Binance Coin (BNB).
Expansion of the Strategic Network Increases Adoption
The user ShibArmy userbase is rather large and active in promoting the coin, leading other platforms such as CoinGate to integrate SHIB into their systems. The holders' value for SHIB was boosted earlier this year when the expansion to the Binance Smart Chain (BSC) and Polygon networks happened. These expansions have helped open up the cryptocurrency as more people embrace its usage in online and physical commerce.
SHIB holders utilize their tokens for various cases, including traveling and buying games and clothing from big brands. This shows how convenient SHIB can be when used as a payment method for products in different categories. That is why the increasing usage goes far beyond simple digital transactions, emphasizing the possibilities of the SHIB cryptocurrency as a popular digital currency.
Market Turning Point based on Technical Break Out
An analyst primarily known as SHIB KNIGHT said something about the market on his X (previously a Twitter). He had a chart of a stock exchange indicating a breakout of a descending triangle formation signaling a bearish market but has shifted to a bullish one. This breakout, evidenced by a price rise to $0.00001680, suggests a reversal in the downward that could lead to increased investor interest and further price increases if the trend holds.
The combination of higher trade volume and a favorable reaction to this breakthrough may be essential in confirming the trend reversal. This development might set a new direction for SHIB's involvement in the cryptocurrency industry.

Shiba Inu's rapid adoption growth, aided by strategic network extensions and strong community support, establishes it as a more adaptable and generally recognized digital asset. The optimistic market mood and technical indications indicate a bright future for SHIB in the growing cryptocurrency ecosystem.
The post "Shiba Inu (SHIB) Records a Sharp Increase of Raw Merchants' Orders in Q1, 2024" first appeared on 36crypto.com News.
#ETH_ETFs_Trading_Today #shiba⚡ #ShibaInu: #Bitcoin_Coneference_2024

#DogecoinCommunity #doge⚡ #shiba⚡ #ShibaInu: #SHIBAUSDT

Current Trends in Dogecoin and Shiba Inu Prices

Recent market shifts have seen both Shiba Inu (SHIB) and Dogecoin (DOGE) undergo notable price reductions, with Shiba Inu falling by 5.45% and Dogecoin declining by 3.3%. Once the darlings of the meme coin craze, these cryptocurrencies are now facing headwinds in a turbulent market, with their positions becoming increasingly uncertain in the face of widespread volatility in the crypto world.

Key Drivers Behind the Price Declines

Several factors are contributing to the downward pressure on Dogecoin and Shiba Inu prices. One significant driver is the profit-taking by experienced investors. With new tokens entering the market, attention is shifting toward fresh opportunities, particularly in the decentralized finance (DeFi) space, where TRON-based tokens are gaining traction. This redirection of capital is causing demand for established tokens like DOGE and SHIB to falter, leading to significant declines in their valuations.

Historical Patterns and the September Decline

September has long been a challenging month for the cryptocurrency market, and this year is proving no different. Data from firms like Rekt Capital highlight the recurring price drops across major digital currencies, including Bitcoin. Bitcoin’s 6.19% drop this month is impacting the entire altcoin market, with meme coins like DOGE and SHIB suffering from the ripple effects. These recurring patterns in the crypto space are prompting investors to exercise caution in the current environment.

The Influence of Bitcoin on Altcoin Movements

Bitcoin’s struggles are having a noticeable impact on the broader crypto market, particularly among altcoins. Recently valued at around $54,252.53, Bitcoin’s fluctuations are driving instability across the spectrum. As Bitcoin experiences its ups and downs, altcoins like Dogecoin and Shiba Inu are equally affected, underscoring Bitcoin’s strong influence over the entire crypto ecosystem.

Market Sentiment and Investor Behavior

Amid growing economic uncertainty, cryptocurrency investors are adopting a cautious stance. Negative economic data, such as recent US nonfarm payroll figures, are adding to the climate of uncertainty. This hesitation is leading to reduced interest in altcoin investments, as market sentiment becomes increasingly risk-averse. Investor psychology plays a key role here, with fear and uncertainty dampening the appetite for high-risk assets like meme coins.

Conclusion

The current downturn in Dogecoin and Shiba Inu prices reflects a broader phase of volatility in the crypto market. This trend is closely tied to traditional economic indicators and historical patterns within the crypto world. As profit-taking increases and newer tokens gain market share, established cryptocurrencies are facing growing pressure. Investors should remain vigilant, keeping a balanced perspective on both traditional financial trends and the evolving dynamics of the digital asset landscape.

Shiba Inu (SHIB), a dog-themed meme cryptocurrency, has been astonishing and has already set remarkable records in the crypto market. For the past year, SHIB has been slightly ahead of Ethereum (ETH), the second-largest cryptocurrency in the market. However, the overall trend in the market has been positive, with both SHIB and ETH registering more than 6% of the daily high, and SHIB has maintained a slim lead.
This success can be seen while SHIB has been thriving the whole year and is full of activity for the project. The SHIB team has not sat idle and relied on its previous achievements but has endeavored to create more offerings to uphold bullish momentum within the SHIB community.
Shiba Inu's Layer-3 Network and its impact on the growth of Shibarium
To boost the privacy and security of the Shiba Inu ecosystem, the Shiba Inu team recently revealed intentions of creating a Layer-3 network based on FHE. This development will help create and adopt new users into the SHIB community while focusing on the protection of users' data.
Shibarium, the Layer-2 blockchain for Shiba Inu, also achieved a key milestone with more than 6 million blocks on the network. Shibarium, therefore, continues to expand its reach to implement a token burn feature into the basic subsystems of the network. These facts are evidence of the growing interest in the Layer-2 network and the overall Shiba Inu ecosystem, which positively affects the SHIB token.
As of the latest, SHIB traded at $0.00001417, marking a 6.5% increase in the past day. Despite this price surge, trading volume decreased slightly by 0.4% to $301 million. Notably, SHIB remains hopeful as all these events unfold to define the future of the meme coin adoption and investment.
Conclusion
In conclusion, Shiba Inu's achievements in the past year have positioned it as a strong contender in the cryptocurrency market. The ongoing developments and strategic initiatives indicate a promising future for SHIB and its growing ecosystem.
The post "Shiba Inu Outperforms Ethereum in Yearly Performance, Achieves Significant Milestones" first appeared on 36crypto.com News.
#TONonBinance #XRPVictory #ShibaInu: #shiba⚡