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Shiba Inu Price Records Largest Weekly Gain Since February, ATH Next?
Shiba Inu price surges 64% in a week, its biggest gain since Feb 2024. Strong metrics shows breakout is near and target is its previous ATH.
Shiba Inu Price Hit a Block: Is the Rally Over?
The SHIB price currently struggles to break above a key resistance level of around $0.00002750. After surging with volume to this previous level of temporary resistance, traders are taking profit, which has resulted in a pause from the rally.
However, crypto analyst Motion Man believes this is nothing to be worried about as he predicts SHIB will rise by 70% in the coming days to test the $0.000046 level, and if it clears his resistance, he expects SHIB to explode to ATH.
The Shiba Inu price rally is not over because of a few factors:
1. Coingecko data shows the 24-hour trading volume is up 255%, signaling a recent spike in market investor interest.
2. The SHIB open interest (OI) is up 19.31%, according to data from Coinalyze. This combined with the increasing price suggests traders are entering longs on the meme coin, a bullish signal for the Shiba Inu price.
3. Santiment data shows the price-daily active addresses (DAA) divergence is currently at an 8-month high. Combined with the rising price, it indicates strong positive market sentiment and increased network activity. This alignment suggests that the price increase is supported by genuine growth in user engagement, which can be a healthy sign for the SHIB’s long-term rally.
SHIB Price Analysis: All Eyes On $0.000046
After surging to a local high of $0.00002804, SHIB price now faces huge profit taking around that price level, reinforces a previous historical resistance. Due to the factors mentioned previously, the Shiba Inu price forecast shows the rally is likely to continue.
A break above the the current resistance would spark a 70% (1.7X) rally to $0.000046, which coincides with the previous yearly high. Beyond that, the 4.236% Fibonacci extension level presents a potential resistance around $0.00006088.
After that, bullish SHIB predictions suggest ATH will likely be next.
An invalidation thesis for the current SHIB bull market would be if bears push price back below $0.00001811. This would signal market weakness that could send the meme coin down to $0.000015 and potentially to $0.000012.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, market cap, online media and crypto experts.
#Shibalnu #ShibaInuSurge #shibaInu #ShibaInuUpdate #shiba⚡
Shiba Inu Price Hit a Block: Is the Rally Over?
The SHIB price currently struggles to break above a key resistance level of around $0.00002750. After surging with volume to this previous level of temporary resistance, traders are taking profit, which has resulted in a pause from the rally.
However, crypto analyst Motion Man believes this is nothing to be worried about as he predicts SHIB will rise by 70% in the coming days to test the $0.000046 level, and if it clears his resistance, he expects SHIB to explode to ATH.
The Shiba Inu price rally is not over because of a few factors:
1. Coingecko data shows the 24-hour trading volume is up 255%, signaling a recent spike in market investor interest.
2. The SHIB open interest (OI) is up 19.31%, according to data from Coinalyze. This combined with the increasing price suggests traders are entering longs on the meme coin, a bullish signal for the Shiba Inu price.
3. Santiment data shows the price-daily active addresses (DAA) divergence is currently at an 8-month high. Combined with the rising price, it indicates strong positive market sentiment and increased network activity. This alignment suggests that the price increase is supported by genuine growth in user engagement, which can be a healthy sign for the SHIB’s long-term rally.
SHIB Price Analysis: All Eyes On $0.000046
After surging to a local high of $0.00002804, SHIB price now faces huge profit taking around that price level, reinforces a previous historical resistance. Due to the factors mentioned previously, the Shiba Inu price forecast shows the rally is likely to continue.
A break above the the current resistance would spark a 70% (1.7X) rally to $0.000046, which coincides with the previous yearly high. Beyond that, the 4.236% Fibonacci extension level presents a potential resistance around $0.00006088.
After that, bullish SHIB predictions suggest ATH will likely be next.
An invalidation thesis for the current SHIB bull market would be if bears push price back below $0.00001811. This would signal market weakness that could send the meme coin down to $0.000015 and potentially to $0.000012.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, market cap, online media and crypto experts.
#Shibalnu #ShibaInuSurge #shibaInu #ShibaInuUpdate #shiba⚡
Feed-Creator-f170dde46:
any new and update about coin burn?
Analyst Predicts 300% Surge For Shiba Inu Price Amid Hidden Bullish Divergence
Shiba Inu price eyes a 300% surge as analysts highlight a hidden bullish divergence. Increased active addresses and network growth signal rising adoption.
Analyst Forecasts 300% Rally for Shiba Inu Price Amid Hidden RSI Divergence
On November 10th, the crypto market witnessed an extended recovery primarily triggered by the Donald Trump victory in the 2024 presidential election. Amid such dynamic change, the top memecoin often provides a rapid and high-momentum rally due to its volatile nature.
Thus, the popular dog-themed meme cryptocurrency Shiba Inu sharply recovered from $0.00001685 to $0.000025, registering a 49% surge. Consecutively, the SHIB’s market cap pumped to $14.93 Billion.
Amid the roaring Bitcoin market, crypto analyst Javon Marks highlights a bullish outlook for Shiba Inu price amid the formation of hidden bull divergence. This bullish continuation setup emerges when the momentum indicator RSI (relative strength index) forms a lower low against the higher low formation in price.
“Theoretically, this suggests that sellers’ attempts to initiate a corrective trend, as evidenced by a lower RSI, have failed. Instead, the price formed a higher high, highlighting sustained demand pressure.”
Expanding on Mark’s analysis, the Shiba Inu price gave the necessary breakout from $0.00002, signaling its escape from a 5-month consolation. The recent surge has significantly covered the 300% potential for the target to $0.000081, as the current price shows it is 214% away.
The analysis also shared an extended crypto bull target of $0.00015.
Source: x
SHIB Adoption Accelerates with Surge in Active Addresses and Growth
According to Santiment data, Shiba Inu (SHIB) has seen a significant spike in 24-hour active addresses, reaching 5,184, alongside a surge in network growth to 3,045. This indicates increased user activity and growing adoption of the SHIB network, signaling heightened investor interest and potentially strengthening the token’s fundamentals. Such activity often correlates with bullish price action and a growing ecosystem.
Source: Santiment
However, the asset price often enters a temporary correction after a significant rally to recuperate the bullish momentum. Thus, the Shiba Inu price prediction could revisit the $0.00002 level to seek support.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, Santiment and online media.
#shiba⚡ #Shibalnu #ShibaInuSurge #ShibaInuUpdate
#ShibaInuToken
Analyst Forecasts 300% Rally for Shiba Inu Price Amid Hidden RSI Divergence
On November 10th, the crypto market witnessed an extended recovery primarily triggered by the Donald Trump victory in the 2024 presidential election. Amid such dynamic change, the top memecoin often provides a rapid and high-momentum rally due to its volatile nature.
Thus, the popular dog-themed meme cryptocurrency Shiba Inu sharply recovered from $0.00001685 to $0.000025, registering a 49% surge. Consecutively, the SHIB’s market cap pumped to $14.93 Billion.
Amid the roaring Bitcoin market, crypto analyst Javon Marks highlights a bullish outlook for Shiba Inu price amid the formation of hidden bull divergence. This bullish continuation setup emerges when the momentum indicator RSI (relative strength index) forms a lower low against the higher low formation in price.
“Theoretically, this suggests that sellers’ attempts to initiate a corrective trend, as evidenced by a lower RSI, have failed. Instead, the price formed a higher high, highlighting sustained demand pressure.”
Expanding on Mark’s analysis, the Shiba Inu price gave the necessary breakout from $0.00002, signaling its escape from a 5-month consolation. The recent surge has significantly covered the 300% potential for the target to $0.000081, as the current price shows it is 214% away.
The analysis also shared an extended crypto bull target of $0.00015.
Source: x
SHIB Adoption Accelerates with Surge in Active Addresses and Growth
According to Santiment data, Shiba Inu (SHIB) has seen a significant spike in 24-hour active addresses, reaching 5,184, alongside a surge in network growth to 3,045. This indicates increased user activity and growing adoption of the SHIB network, signaling heightened investor interest and potentially strengthening the token’s fundamentals. Such activity often correlates with bullish price action and a growing ecosystem.
Source: Santiment
However, the asset price often enters a temporary correction after a significant rally to recuperate the bullish momentum. Thus, the Shiba Inu price prediction could revisit the $0.00002 level to seek support.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, Santiment and online media.
#shiba⚡ #Shibalnu #ShibaInuSurge #ShibaInuUpdate
#ShibaInuToken
SHIB 🦁 will fulfill your DREAMS 🚀
Entry Points:
* Immediate Entry: Consider entering now or before the minor resistance at 0.0311, anticipating a breakout.
* Conservative Entry: Wait for the price to hit the strong support at 0.024. If it holds and shows signs of reversal, enter.
Stop Loss:
* Set an aggressive stop loss at 0.0217, below the strong support.
Take Profit Levels:
* First Target: Minor resistance at 0.0311.
* Second Target: Major resistance at 0.045.
Risk Management:
* Position sizing: Risk only what you can afford to lose.
* Diversification: Spread investments across different assets.
Monitoring:
* Volume Analysis: High volume confirms breakouts or breakdowns.
* Indicators: Use RSI or MACD to gauge momentum.
Contingency Plans:
* If Retest Happens: Watch for a strong bounce at the 0.024 support.
* If Support Breaks: Reassess strategy or exit.
Long-Term Perspective:
* Consider dollar-cost averaging for long-term investments.
$SHIB
#Shibarmy #ShibaInuSurge #SHIBCommunity
* Immediate Entry: Consider entering now or before the minor resistance at 0.0311, anticipating a breakout.
* Conservative Entry: Wait for the price to hit the strong support at 0.024. If it holds and shows signs of reversal, enter.
Stop Loss:
* Set an aggressive stop loss at 0.0217, below the strong support.
Take Profit Levels:
* First Target: Minor resistance at 0.0311.
* Second Target: Major resistance at 0.045.
Risk Management:
* Position sizing: Risk only what you can afford to lose.
* Diversification: Spread investments across different assets.
Monitoring:
* Volume Analysis: High volume confirms breakouts or breakdowns.
* Indicators: Use RSI or MACD to gauge momentum.
Contingency Plans:
* If Retest Happens: Watch for a strong bounce at the 0.024 support.
* If Support Breaks: Reassess strategy or exit.
Long-Term Perspective:
* Consider dollar-cost averaging for long-term investments.
$SHIB
#Shibarmy #ShibaInuSurge #SHIBCommunity
Orlando Shatrau nW0d:
great signal 😅😅😅
Shiba Inu Price Eyes 300% Rally As SHIB Whale Activity Surges
The Shiba Inu price could enjoy up to a 300% rally as SHIB whale activity rises by almost 4%, which could spark this price surge.
Shiba Inu Price Eyes 300% Rally
In an X post, crypto analyst Javon Marks predicted that the Shiba Inu price could soon record a 300% rally. This came as he noted that the top meme coin is still fresh off a confirmed Hiden Bull Divergence and holding above the level it recently broke out from.
Source: x (formally twitter)
In line with this, the analyst stated that SHIB could be getting ready for its “next level” performance, which could send its price towards the $0.000081 target. He added that this over 300% rally could be imminent.
A Shiba Inu price rally to the $0.000081 target is significant as it could pave the way for the second-largest meme coin to reach and possibly surpass its current all-time high (ATH) of $0.000088. Meanwhile, this SHIB rally looks imminent, considering that the meme coin is currently playing catch up to DOGE, which is on a roll at the moment.
The Dogecoin price is up over 23% in the last seven days. Meanwhile, SHIB has recorded a single-digit gain of just over 5% during this period. Shiba Inu is expected to enjoy more significant gains soon enough since it typically mirrors DOGE’s price gains.
SHIB Whale Activity Surges
IntoTheBlock data shows that Shiba Inu whale activity is on the rise. SHIB’s large transactions have surged by almost 4%, which suggests that whales are actively accumulating the meme coin.
This presents a bullish outlook for the Shiba Inu price, considering that these whales typically contribute to price discovery and could spark a significant SHIB rally soon enough. Over the last few days, these whales have traded trillions of SHIB tokens.
Specifically, these whales have traded 2.57 trillion SHIB tokens in the last 24 hours, Meanwhile, on November 6, they traded a 7-day high 6.39 trillion SHIB tokens. Amid these rising whale activity, it is worth mentioning on-chain transaction which showed that a particular whale transferred $10.4 billion worth of SHIB to the Coinbase crypto exchange.
This typically presents a bearish outlook for the Shiba Inu price, since it suggests that the whale is looking to offload their coins. However, further onchain data shows that the wallet which received the coins belongs to the top crypto exchange, meaning that they loading up to meet the massive demand for the meme coin.
According to a recent CoinGape analysis, other SHIB onchain metrics present a bullish outlook for Shiba Inu. This includes the SHIB price-Daily Active Addresses (DAA) divergence, which recently shot up to a one-month high.
Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source online media.
#ShibaInuSurge #ShibaInuUpdate #Shibalnu #shiba⚡ #Trump47thPresident
Shiba Inu Price Eyes 300% Rally
In an X post, crypto analyst Javon Marks predicted that the Shiba Inu price could soon record a 300% rally. This came as he noted that the top meme coin is still fresh off a confirmed Hiden Bull Divergence and holding above the level it recently broke out from.
Source: x (formally twitter)
In line with this, the analyst stated that SHIB could be getting ready for its “next level” performance, which could send its price towards the $0.000081 target. He added that this over 300% rally could be imminent.
A Shiba Inu price rally to the $0.000081 target is significant as it could pave the way for the second-largest meme coin to reach and possibly surpass its current all-time high (ATH) of $0.000088. Meanwhile, this SHIB rally looks imminent, considering that the meme coin is currently playing catch up to DOGE, which is on a roll at the moment.
The Dogecoin price is up over 23% in the last seven days. Meanwhile, SHIB has recorded a single-digit gain of just over 5% during this period. Shiba Inu is expected to enjoy more significant gains soon enough since it typically mirrors DOGE’s price gains.
SHIB Whale Activity Surges
IntoTheBlock data shows that Shiba Inu whale activity is on the rise. SHIB’s large transactions have surged by almost 4%, which suggests that whales are actively accumulating the meme coin.
This presents a bullish outlook for the Shiba Inu price, considering that these whales typically contribute to price discovery and could spark a significant SHIB rally soon enough. Over the last few days, these whales have traded trillions of SHIB tokens.
Specifically, these whales have traded 2.57 trillion SHIB tokens in the last 24 hours, Meanwhile, on November 6, they traded a 7-day high 6.39 trillion SHIB tokens. Amid these rising whale activity, it is worth mentioning on-chain transaction which showed that a particular whale transferred $10.4 billion worth of SHIB to the Coinbase crypto exchange.
This typically presents a bearish outlook for the Shiba Inu price, since it suggests that the whale is looking to offload their coins. However, further onchain data shows that the wallet which received the coins belongs to the top crypto exchange, meaning that they loading up to meet the massive demand for the meme coin.
According to a recent CoinGape analysis, other SHIB onchain metrics present a bullish outlook for Shiba Inu. This includes the SHIB price-Daily Active Addresses (DAA) divergence, which recently shot up to a one-month high.
Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source online media.
#ShibaInuSurge #ShibaInuUpdate #Shibalnu #shiba⚡ #Trump47thPresident
Sabiaboki:
I would love to be on this game
Shiba Inu Burn Rate Surges 1300%, Will This Trigger a SHIB Price Rally?
The Shiba Inu burn rate witnessed a staggering 1300% surge on Saturday, fueling market optimism surrounding the meme coin’s future movements. As millions of SHIB were taken out of the token’s total supply recently, investor speculations of a looming price rally prevail in the market. However, despite the intraday burn rate surge, the meme coin’s price showcased turbulence.
Crypto market watchers are extensively monitoring the dog-themed meme coin in light of recent market events, expecting a bullish shift ahead.
Shiba Inu Burn Rate Soars 1300% Echoing Market Optimism
As per Shibburn’s data on November 9, the Shiba Inu burn rate experienced a remarkable 1323.66% uptick in value. This surge is primarily attributable to the destruction of 34.91 million tokens. Intriguingly, with the massive burn rate surge coming into play, the meme token’s market supply shredded to 589.26 trillion SHIB.
Further, the weekly data indicated that 110.64 million coins were burned in the past seven days. For context, the token burn mechanism kills the Ethereum-based meme coin’s market supply, thereby jacking up the price, per the law of supply and demand. Overall, market watchers anticipate a bullish effect on the token’s price ahead, given the constant massive blow to the supply.
Meanwhile, CoinGape Media reported that SHIB price reflects bullishness surrounding future price movements with a notable rise in whale activity. This stat adds to the bullish outlook for meme crypto ahead.
SHIB Price Eyes Rally?
At press time, SHIB price traded at $0.00001899, down nearly 1% intraday. The coin’s 24-hour low and high were $0.00001847 and $0.00001931, respectively. Crypto market participants are extensively monitoring the token despite today’s volatility, as market stats project a bullish outlook.
A recent Shiba Inu price analysis by CoinGape Media indicated that the token is eyeing 2.5x gains ahead amid bullish on-chain metrics. The analysis suggests that the meme coin’s price could top $0.000045 amid heightened market interest. Coupled with the abovementioned Shiba Inu burn surge and increased whale activity, this bullish projection has solidified investor optimism.
Additionally, the Republican Donald Trump’s recent victory in the U.S. elections has added to investor bullishness for the crypto space, cementing the chances of a rally ahead.
Disclaimation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source online media news.
#ShibaInuSurge #shibaInu #shiba⚡ #SHİB #SHIBAUSDT
Crypto market watchers are extensively monitoring the dog-themed meme coin in light of recent market events, expecting a bullish shift ahead.
Shiba Inu Burn Rate Soars 1300% Echoing Market Optimism
As per Shibburn’s data on November 9, the Shiba Inu burn rate experienced a remarkable 1323.66% uptick in value. This surge is primarily attributable to the destruction of 34.91 million tokens. Intriguingly, with the massive burn rate surge coming into play, the meme token’s market supply shredded to 589.26 trillion SHIB.
Further, the weekly data indicated that 110.64 million coins were burned in the past seven days. For context, the token burn mechanism kills the Ethereum-based meme coin’s market supply, thereby jacking up the price, per the law of supply and demand. Overall, market watchers anticipate a bullish effect on the token’s price ahead, given the constant massive blow to the supply.
Meanwhile, CoinGape Media reported that SHIB price reflects bullishness surrounding future price movements with a notable rise in whale activity. This stat adds to the bullish outlook for meme crypto ahead.
SHIB Price Eyes Rally?
At press time, SHIB price traded at $0.00001899, down nearly 1% intraday. The coin’s 24-hour low and high were $0.00001847 and $0.00001931, respectively. Crypto market participants are extensively monitoring the token despite today’s volatility, as market stats project a bullish outlook.
A recent Shiba Inu price analysis by CoinGape Media indicated that the token is eyeing 2.5x gains ahead amid bullish on-chain metrics. The analysis suggests that the meme coin’s price could top $0.000045 amid heightened market interest. Coupled with the abovementioned Shiba Inu burn surge and increased whale activity, this bullish projection has solidified investor optimism.
Additionally, the Republican Donald Trump’s recent victory in the U.S. elections has added to investor bullishness for the crypto space, cementing the chances of a rally ahead.
Disclaimation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source online media news.
#ShibaInuSurge #shibaInu #shiba⚡ #SHİB #SHIBAUSDT
🚨 Huge News for $SHIB Enthusiasts: Bullish Surge Ahead! 🚨
The outlook for Shiba Inu ($SHIB ) is turning increasingly optimistic. Currently priced at $0.00001900, $SHIB is showing signs of gearing up for a significant upward trend. For those seeking transformative investment opportunities and aiming for substantial returns, now might be the moment to take action.
Market forecasts are buzzing with bold predictions, targeting potential gains that could see $SHIB soaring to impressive heights—some analysts even suggesting a range from $0.1 to an astounding $1. Such gains could translate into over 10,000% returns, positioning early adopters for millionaire status.
Technical indicators point to SHIB being on the verge of a major breakout, buoyed by market momentum and a dedicated, passionate community.
Stay sharp and ready—this could be the beginning of an electrifying journey. Don’t let this life-changing opportunity slip through your fingers. For real-time updates, in-depth analysis, and exclusive trade alerts, follow me on Binance Square.SHIB is setting its sights on the moon! 🚀💰
Market forecasts are buzzing with bold predictions, targeting potential gains that could see $SHIB soaring to impressive heights—some analysts even suggesting a range from $0.1 to an astounding $1. Such gains could translate into over 10,000% returns, positioning early adopters for millionaire status.
Technical indicators point to SHIB being on the verge of a major breakout, buoyed by market momentum and a dedicated, passionate community.
Stay sharp and ready—this could be the beginning of an electrifying journey. Don’t let this life-changing opportunity slip through your fingers. For real-time updates, in-depth analysis, and exclusive trade alerts, follow me on Binance Square.SHIB is setting its sights on the moon! 🚀💰
SHIBA INU’s price today is US$0.00001062, with a 24-hour trading volume of $831.66 M. SHIB is +4.59% in the last 24 hours. It is currently -10.89% from its 7-day all-time high of $0.00001192, and 15.78% from its 7-day all-time low of $0.000009172. SHIB has a circulating supply of 589,317.8 B SHIB.$BTC #ShibaInuSurge #shibaburn $SHIB $PEPE
#ShibaInuSurge #ShibaInuAI #crypto
#cryptocurrency #crypto2023
Shiba Inu Achieves Remarkable Burn Milestone: Over 25 Billion SHIB Tokens Incinerated with Latest 8.5 Billion Burn!
Shiba Inu remains in the spotlight as the team executes its third Shibarium-powered burn, consuming an impressive 8.53 billion SHIB tokens, equivalent to $90,711. This strategic move is part of the ongoing initiative to leverage Shibarium gas fees for reducing the overall SHIB supply.
Rapid Shibarium Burns in Just 18 Days:
The recent Shibarium-powered burns have been nothing short of extraordinary. Within a mere 18 days, Shiba Inu has successfully obliterated a substantial 25.38 billion SHIB tokens. Notably, the latest burn of 8.53 billion SHIB follows significant burns of 8.24 billion SHIB on December 4 and 8.61 billion SHIB on December 16.
Surge in Shibarium Transactions:
The heightened burn rate of Shibarium aligns with a remarkable surge in the network's transaction volume. Since its mainnet launch four months ago, Shibarium has recorded an impressive 160.39 million transactions. The network's transaction count has soared, averaging over 5 million transactions per day and peaking at 7.5 million transactions on some days.
Stratospheric Burn Rate Increase by 161,540%:
The latest burn of 8.53 billion SHIB has propelled the total amount burned in the past 24 hours to an astonishing 8.59 billion. This surge has catapulted the burn rate to an extraordinary 161,540%. The cumulative amount of SHIB burned now stands at an impressive 410.68 trillion, with Ethereum co-founder Vitalik Buterin playing a pivotal role by sending over 410 trillion SHIB to the dead wallet in 2021.
Shaping the Future:
The strategic burns orchestrated by the Shiba Inu team aim to curtail the supply and potentially uplift SHIB's price. As Shibarium experiences a surge in transaction volume, the network's gas fees rise, fueling these impactful burns.
Stay informed for further updates! Follow The Defidraft for the latest insights into the evolving crypto landscape.
#cryptocurrency #crypto2023
Shiba Inu Achieves Remarkable Burn Milestone: Over 25 Billion SHIB Tokens Incinerated with Latest 8.5 Billion Burn!
Shiba Inu remains in the spotlight as the team executes its third Shibarium-powered burn, consuming an impressive 8.53 billion SHIB tokens, equivalent to $90,711. This strategic move is part of the ongoing initiative to leverage Shibarium gas fees for reducing the overall SHIB supply.
Rapid Shibarium Burns in Just 18 Days:
The recent Shibarium-powered burns have been nothing short of extraordinary. Within a mere 18 days, Shiba Inu has successfully obliterated a substantial 25.38 billion SHIB tokens. Notably, the latest burn of 8.53 billion SHIB follows significant burns of 8.24 billion SHIB on December 4 and 8.61 billion SHIB on December 16.
Surge in Shibarium Transactions:
The heightened burn rate of Shibarium aligns with a remarkable surge in the network's transaction volume. Since its mainnet launch four months ago, Shibarium has recorded an impressive 160.39 million transactions. The network's transaction count has soared, averaging over 5 million transactions per day and peaking at 7.5 million transactions on some days.
Stratospheric Burn Rate Increase by 161,540%:
The latest burn of 8.53 billion SHIB has propelled the total amount burned in the past 24 hours to an astonishing 8.59 billion. This surge has catapulted the burn rate to an extraordinary 161,540%. The cumulative amount of SHIB burned now stands at an impressive 410.68 trillion, with Ethereum co-founder Vitalik Buterin playing a pivotal role by sending over 410 trillion SHIB to the dead wallet in 2021.
Shaping the Future:
The strategic burns orchestrated by the Shiba Inu team aim to curtail the supply and potentially uplift SHIB's price. As Shibarium experiences a surge in transaction volume, the network's gas fees rise, fueling these impactful burns.
Stay informed for further updates! Follow The Defidraft for the latest insights into the evolving crypto landscape.
🚨 Attention Shiba Inu (SHIB) Community! Beware of Deceptive Token Scams! 🚨
🔍 The Shiba Inu community is facing a critical situation with a surge in false claims and deceptive tokens infiltrating the ecosystem. 🚷 Official sources, including Davinci and RagnarShib from the Shiba Inu Discord channel, have issued urgent warnings against these scams.
🚫 Unauthorized Tokens: "TREAT" and "SHI" - A Clear Warning from Shiba Inu Team!
The Shiba Inu team explicitly states that unauthorized tokens named "TREAT" and "SHI" have not been officially launched. Attempting to purchase these tokens is a scam and poses a significant risk.
🛑 Buying these fake tokens will not grant access to Shiba Inu ecosystem projects like SHIB The Metaverse, Shiba Eternity, or ShibaHub, nor connect users to official decentralized applications (dApps) like Shib.io.
💡 Key Warnings from Lucie, Shiba Inu Team Member: Stay Vigilant!
Lucie, a member of the Shiba Inu team, reiterates the warnings, emphasizing that the real TREAT token has not been released. The community is urged to stay vigilant against impersonators and scammers who may create fake accounts, spread false information, redirect users to fraudulent websites, or attempt to steal personal information.
🌐 Positive Milestone: Shibarium's Remarkable Achievement!
Amidst these cautionary messages, there's a glimmer of hope. Shibarium, the Layer 2 scaling solution for Shiba Inu, has surpassed 250 million total transactions within a year of its launch. 🎉 This milestone reflects the growing adoption and potential of this innovative technology.$
🛡️ Stay Informed, Stay Safe: Defend the Shiba Inu Community!
👁️ For real-time updates and genuine information, follow The Blockopedia!
#ShibaInuSurge #ShibaPriceAnalysys #ShibaBurns #cryptocurrency #crypto2024SpaceCatch $SHIB
🔍 The Shiba Inu community is facing a critical situation with a surge in false claims and deceptive tokens infiltrating the ecosystem. 🚷 Official sources, including Davinci and RagnarShib from the Shiba Inu Discord channel, have issued urgent warnings against these scams.
🚫 Unauthorized Tokens: "TREAT" and "SHI" - A Clear Warning from Shiba Inu Team!
The Shiba Inu team explicitly states that unauthorized tokens named "TREAT" and "SHI" have not been officially launched. Attempting to purchase these tokens is a scam and poses a significant risk.
🛑 Buying these fake tokens will not grant access to Shiba Inu ecosystem projects like SHIB The Metaverse, Shiba Eternity, or ShibaHub, nor connect users to official decentralized applications (dApps) like Shib.io.
💡 Key Warnings from Lucie, Shiba Inu Team Member: Stay Vigilant!
Lucie, a member of the Shiba Inu team, reiterates the warnings, emphasizing that the real TREAT token has not been released. The community is urged to stay vigilant against impersonators and scammers who may create fake accounts, spread false information, redirect users to fraudulent websites, or attempt to steal personal information.
🌐 Positive Milestone: Shibarium's Remarkable Achievement!
Amidst these cautionary messages, there's a glimmer of hope. Shibarium, the Layer 2 scaling solution for Shiba Inu, has surpassed 250 million total transactions within a year of its launch. 🎉 This milestone reflects the growing adoption and potential of this innovative technology.$
🛡️ Stay Informed, Stay Safe: Defend the Shiba Inu Community!
👁️ For real-time updates and genuine information, follow The Blockopedia!
#ShibaInuSurge #ShibaPriceAnalysys #ShibaBurns #cryptocurrency #crypto2024SpaceCatch $SHIB
A bullish signal for SHIB Holders accumulate huge profit $SHIB
With positive market sentiments driving SHIB's recent surge, the meme cryptocurrency is shedding a zero and ranking among the best-performing digital assets!
📈 Investors are witnessing profits as SHIB's valuation climbs, with 63% making money
Holdings breakdown:
- 77% holding SHIB for over a year
- 20% holding between 1 and 12 months
- 3% holding for less than a year
Key metrics on the rise:
- Third highest cryptocurrency in trading volume at $4.2 billion
- Social interactions skyrocketed in February, up by +1,520.6%
Click here to get free USDT ❤️
Ongoing network development, including excess token burning, aims to boost SHIB's utility. In February alone, 643,656,418 SHIB tokens were burned! 🔥
While SHIB rides the wave of positive sentiment, staying vigilant for potential corrections is key. Remember, investing is speculative, and your capital is at risk. Stay informed, stay cautious! 💼💰
#ShibaInuSurge #SHIB/𝗨𝗦𝗗𝗧 #cryptocurrency #CryptoNews🔒📰🚫 #Write2Earn
With positive market sentiments driving SHIB's recent surge, the meme cryptocurrency is shedding a zero and ranking among the best-performing digital assets!
📈 Investors are witnessing profits as SHIB's valuation climbs, with 63% making money
Holdings breakdown:
- 77% holding SHIB for over a year
- 20% holding between 1 and 12 months
- 3% holding for less than a year
Key metrics on the rise:
- Third highest cryptocurrency in trading volume at $4.2 billion
- Social interactions skyrocketed in February, up by +1,520.6%
Click here to get free USDT ❤️
Ongoing network development, including excess token burning, aims to boost SHIB's utility. In February alone, 643,656,418 SHIB tokens were burned! 🔥
While SHIB rides the wave of positive sentiment, staying vigilant for potential corrections is key. Remember, investing is speculative, and your capital is at risk. Stay informed, stay cautious! 💼💰
#ShibaInuSurge #SHIB/𝗨𝗦𝗗𝗧 #cryptocurrency #CryptoNews🔒📰🚫 #Write2Earn
🛑💥 Calling all Pepe traders, listen up! 📢📢 #PEPEGrowth #PepeCoinPricePredictionForThisWeek
Big news just hit the scene! A whopping 2.6 trillion PEPE tokens, valued at a staggering $21,108,992, have made a grand exit from KuCoin to an undisclosed wallet. 🚀 This seismic shift reflects a pattern of hefty outflows from the exchange, leading to a noticeable 20% dip in assets under management (AUM) amidst regulatory challenges. 📉💼 Interestingly, we're seeing similar mega-transfers in the Shiba Inu market, hinting at broader trends across the crypto landscape. 🐕🔄 As a result, PEPE's price took a 5% hit in the last 24 hours, settling at $0.000007757. 💰💔 With the crypto world already on edge, all eyes are on KuCoin and Coinbase for the latest updates. Despite some consolidation, PEPE has retraced 28% from its recent peak. 📉📈 Stay tuned for more as the market navigates regulatory shifts and economic signals. 📰👀 And remember: our hard work is fueled by your generous tips, empowering us to provide the best investment advice! 🙏💼 #CryptoNews #PEPE #ShibaInuSurge #MarketUpdate #PEPEPromo 🚀📉 $PEPE
Follow | Like ❤️ | Quote 🔄 | Comment
Big news just hit the scene! A whopping 2.6 trillion PEPE tokens, valued at a staggering $21,108,992, have made a grand exit from KuCoin to an undisclosed wallet. 🚀 This seismic shift reflects a pattern of hefty outflows from the exchange, leading to a noticeable 20% dip in assets under management (AUM) amidst regulatory challenges. 📉💼 Interestingly, we're seeing similar mega-transfers in the Shiba Inu market, hinting at broader trends across the crypto landscape. 🐕🔄 As a result, PEPE's price took a 5% hit in the last 24 hours, settling at $0.000007757. 💰💔 With the crypto world already on edge, all eyes are on KuCoin and Coinbase for the latest updates. Despite some consolidation, PEPE has retraced 28% from its recent peak. 📉📈 Stay tuned for more as the market navigates regulatory shifts and economic signals. 📰👀 And remember: our hard work is fueled by your generous tips, empowering us to provide the best investment advice! 🙏💼 #CryptoNews #PEPE #ShibaInuSurge #MarketUpdate #PEPEPromo 🚀📉 $PEPE
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🔴 Spot Shiba Inu Signal (SPOT ONLY)
BUY 📈
$SHIB / USTD
Entry price 0.00000950 - 0.00001000
First Target: 0.00001150
Second Target: 0.00001250
Third Target: 0.0001350
Forth Target:🚀🚀🚀
Time of Investment 1 to 2 Weeks
Depending on the promised Burn Rates 🔥
🔴 Spot Only / Not recommend to go for Futures because of the market Volatility.
All The Best 💰
$SHIB #ShibaInuSurge
BUY 📈
$SHIB / USTD
Entry price 0.00000950 - 0.00001000
First Target: 0.00001150
Second Target: 0.00001250
Third Target: 0.0001350
Forth Target:🚀🚀🚀
Time of Investment 1 to 2 Weeks
Depending on the promised Burn Rates 🔥
🔴 Spot Only / Not recommend to go for Futures because of the market Volatility.
All The Best 💰
$SHIB #ShibaInuSurge
🚨🔴 84,112,708,372 #PEPE ($0.45M) transferred to #Binance
🚨🔴 15,364,374,041 #SHIB ($0.34M) transferred to #Binance
🚨🔴 13,634,395,204 #SHIB ($0.30M) transferred to #Binance
$PEPE $SHIB #ShibaInuSurge
🚨🔴 15,364,374,041 #SHIB ($0.34M) transferred to #Binance
🚨🔴 13,634,395,204 #SHIB ($0.30M) transferred to #Binance
$PEPE $SHIB #ShibaInuSurge
🚨 Massive 546 Billion Shiba Inu (SHIB) Withdrawn From Binance as Whales Capitulate 🌊💰
In a significant development, a Shiba Inu whale has executed a massive withdrawal of 546 billion SHIB, valued at around $9.8 million, from Binance, triggering intense speculation across the crypto community. 🤔📉
1. Whale Moves: Unraveling the Mystery 🐋🔄
Sparked by on-chain analytics from Spotonchain, a fresh whale transaction saw the withdrawal of 546 billion SHIB in recent hours. This move adds to a series of significant SHIB withdrawals from Binance over the past month and a half. 📅
2. Trend Continues: Whales Exiting Binance 📉🐳
In the larger context, this withdrawal is part of a trend where notable whales, potentially including Tron Founder Justin Sun, have withdrawn a staggering 2.742 trillion SHIB, amounting to around $25.2 million at current prices, from Binance. The motive behind these moves remains speculative.
3. Possible Explanations: Decoding the Whales' Actions 🤔🔍
The reasons behind the 546 billion SHIB withdrawal remain unclear, prompting various speculations. Could it be a strategic shift to another exchange? Perhaps preparation for staking or burning to earn rewards or reduce the total supply? The crypto community is abuzz with theories. 🤯🔄
4. Bullish Confidence: Whales Bet on Long-Term SHIB Value 🚀🐕
While the motive for the recent whale move is uncertain, larger withdrawals from Binance suggest a common trend — investors are growing more bullish about the long-term value of their Shiba Inu holdings. The relocation of SHIB to cold storage wallets signifies confidence in the project's enduring worth. 💎
🔐
🔥 Stay Informed, Stay Wise: Follow The Blockopedia for Real-time Crypto Insights! 🌐💡
#ShibaInuSurge #ShibaPriceAnalysys #ShibaPricePrediction #cryptocurrency #crypto2024
In a significant development, a Shiba Inu whale has executed a massive withdrawal of 546 billion SHIB, valued at around $9.8 million, from Binance, triggering intense speculation across the crypto community. 🤔📉
1. Whale Moves: Unraveling the Mystery 🐋🔄
Sparked by on-chain analytics from Spotonchain, a fresh whale transaction saw the withdrawal of 546 billion SHIB in recent hours. This move adds to a series of significant SHIB withdrawals from Binance over the past month and a half. 📅
2. Trend Continues: Whales Exiting Binance 📉🐳
In the larger context, this withdrawal is part of a trend where notable whales, potentially including Tron Founder Justin Sun, have withdrawn a staggering 2.742 trillion SHIB, amounting to around $25.2 million at current prices, from Binance. The motive behind these moves remains speculative.
3. Possible Explanations: Decoding the Whales' Actions 🤔🔍
The reasons behind the 546 billion SHIB withdrawal remain unclear, prompting various speculations. Could it be a strategic shift to another exchange? Perhaps preparation for staking or burning to earn rewards or reduce the total supply? The crypto community is abuzz with theories. 🤯🔄
4. Bullish Confidence: Whales Bet on Long-Term SHIB Value 🚀🐕
While the motive for the recent whale move is uncertain, larger withdrawals from Binance suggest a common trend — investors are growing more bullish about the long-term value of their Shiba Inu holdings. The relocation of SHIB to cold storage wallets signifies confidence in the project's enduring worth. 💎
🔐
🔥 Stay Informed, Stay Wise: Follow The Blockopedia for Real-time Crypto Insights! 🌐💡
#ShibaInuSurge #ShibaPriceAnalysys #ShibaPricePrediction #cryptocurrency #crypto2024
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9FWU1W71
SIGUNZAU
IFYG0N0J
304CVVA8
25GBLOMI
PWUOAGPA
7Q6AYZLE
E69BIX5X
#Binance #PepeCoinPriceChallenge #ShibaInuSurge
9FWU1W71
SIGUNZAU
IFYG0N0J
304CVVA8
25GBLOMI
PWUOAGPA
7Q6AYZLE
E69BIX5X
#Binance #PepeCoinPriceChallenge #ShibaInuSurge
$SHIB
Shiba Inu Price Prediction 2024
In the first week of January 2024, Shiba Inu reached $0.0000109 when it dropped below $0.00000853 for the first time since January 2021. According to the investors and market exports, Shiba Inu is on its way to passing the $0.0000209 mark by the end of this year. Before $0.0000209, it may break its mark of $0.0000884 and reach. According to the investors, exporters, and market leaders, Shiba Inu will break its previous all-time high of $0.0000884 and hold between $0.0000187 and $0.0000209 soon. As of now, on 25 February 2024, Shiba Inu is trading at $0.00000963, and its 24-hour trading volume is around 102.6M, and it makes number 18 currency in the whole crypto world.
Current Price=$0.00000963
Sentiment =Neutral
50-Day SMA =$0.00000775
200-Day SMA =$0.00000799
Price Prediction=$0.0000204 (112.44%)
F & G Index =39.34 (fear)
Green Days =15/30 (50%)
14-Day RSI =47.43
#Write2Earn #TrendingTopic
#crypto2024
#ShibaInuUpdate
#ShibaInuSurge
Shiba Inu Price Prediction 2024
In the first week of January 2024, Shiba Inu reached $0.0000109 when it dropped below $0.00000853 for the first time since January 2021. According to the investors and market exports, Shiba Inu is on its way to passing the $0.0000209 mark by the end of this year. Before $0.0000209, it may break its mark of $0.0000884 and reach. According to the investors, exporters, and market leaders, Shiba Inu will break its previous all-time high of $0.0000884 and hold between $0.0000187 and $0.0000209 soon. As of now, on 25 February 2024, Shiba Inu is trading at $0.00000963, and its 24-hour trading volume is around 102.6M, and it makes number 18 currency in the whole crypto world.
Current Price=$0.00000963
Sentiment =Neutral
50-Day SMA =$0.00000775
200-Day SMA =$0.00000799
Price Prediction=$0.0000204 (112.44%)
F & G Index =39.34 (fear)
Green Days =15/30 (50%)
14-Day RSI =47.43
#Write2Earn #TrendingTopic
#crypto2024
#ShibaInuUpdate
#ShibaInuSurge
Can SHIB Reach $1 After Declining 15% in 24 Hours?
Shiba Inu (SHIB), previously considered a speculative asset in the volatile cryptocurrency market, experienced a remarkable twenty percent surge over the weekend, marking a noteworthy development in its trajectory.
The unexpected uptick in value has sparked discussions about the potential for #SHIB to reach the $1 milestone plausibly. The recent performance of SHIB, currently valued at a minute $0.0000100, underscores a stark contrast from its earlier loss of nearly 16%, highlighting the dynamic nature of the cryptocurrency.
Despite its enigmatic market position, with a ranking of #4480 on CoinMarketCap and an undisclosed market capitalization, SHIB continues to captivate both market observers and investors.
Analyzing the four-hour time frame chart, the pivot point for SHIB is $0.00001008. Initial resistance for the token is noted at $0.00001048, with subsequent resistance levels at $0.00001098 and $0.00001152.
On the support side, SHIB finds its initial support at $0.00000950, followed by additional support levels at $0.00000896 and $0.00000834, in that sequence. The ongoing intrigue surrounding the price dynamics of Shiba Inu keeps market participants closely monitoring its movements and potential price predictions.
$$sThe current Relative Strength Index (RSI) stands at 47, indicating a negative sentiment as it remains below the midline 50. Moving on to the Moving Average Convergence Divergence (MACD), the value is -0.00000005, with the signal line at 0.00000013, implying a potential downward momentum.
Situated around $0.0000100, the 50-day Exponential Moving Average (EMA) is a crucial reference point. The fact that the current price is above this EMA suggests a potential shift towards a positive trend in the short term.
Noteworthy is the closure of candlesticks above the 50 EMA and the presence of an upward trendline in the chart pattern, providing additional support for a bullish trend. These combined factors strongly indicate a likelihood of an upward movement.
In summary, the overall trend for SHIB appears cautiously optimistic, particularly above the $0.0000100 mark, as mentioned in the conclusion of this analysis.
Looking ahead in the short term, the prediction anticipates that $SHIB may test immediate resistance levels in the coming days. Investors and market participants are advised to monitor these technical indicators for potential developments in Shiba Inu’s price movements.
#Roarstock #ShibaInuSurge #ShibaInuTech #Shibarium #Shibaprice
$SHIB
The unexpected uptick in value has sparked discussions about the potential for #SHIB to reach the $1 milestone plausibly. The recent performance of SHIB, currently valued at a minute $0.0000100, underscores a stark contrast from its earlier loss of nearly 16%, highlighting the dynamic nature of the cryptocurrency.
Despite its enigmatic market position, with a ranking of #4480 on CoinMarketCap and an undisclosed market capitalization, SHIB continues to captivate both market observers and investors.
Analyzing the four-hour time frame chart, the pivot point for SHIB is $0.00001008. Initial resistance for the token is noted at $0.00001048, with subsequent resistance levels at $0.00001098 and $0.00001152.
On the support side, SHIB finds its initial support at $0.00000950, followed by additional support levels at $0.00000896 and $0.00000834, in that sequence. The ongoing intrigue surrounding the price dynamics of Shiba Inu keeps market participants closely monitoring its movements and potential price predictions.
$$sThe current Relative Strength Index (RSI) stands at 47, indicating a negative sentiment as it remains below the midline 50. Moving on to the Moving Average Convergence Divergence (MACD), the value is -0.00000005, with the signal line at 0.00000013, implying a potential downward momentum.
Situated around $0.0000100, the 50-day Exponential Moving Average (EMA) is a crucial reference point. The fact that the current price is above this EMA suggests a potential shift towards a positive trend in the short term.
Noteworthy is the closure of candlesticks above the 50 EMA and the presence of an upward trendline in the chart pattern, providing additional support for a bullish trend. These combined factors strongly indicate a likelihood of an upward movement.
In summary, the overall trend for SHIB appears cautiously optimistic, particularly above the $0.0000100 mark, as mentioned in the conclusion of this analysis.
Looking ahead in the short term, the prediction anticipates that $SHIB may test immediate resistance levels in the coming days. Investors and market participants are advised to monitor these technical indicators for potential developments in Shiba Inu’s price movements.
#Roarstock #ShibaInuSurge #ShibaInuTech #Shibarium #Shibaprice
$SHIB
$Here is How Much Would $100 Get You if
Shiba Inu Hits $0.001?
As most market watchers and analytical resources have affirmed, it is possible for Shiba Inu to hit the $0.001 price level. However, they have advised caution as the price target is not guaranteed. Shiba Inu would require a 3,835% rally to hit $0.001.
While such a rally is entirely possible for the asset, it remains likely given current market conditions of bull market. The Shiba Inu community has welcomed the emergence of several projects, including Shibacals and Shibarium, which aim to provide utility.
Notably, a more realistic price target for Shiba Inu is its all-time high of $0.00008845 attained in October 2021. Having hit the price target in the past, market watchers believe SHIB has a better chance at reclaiming $0.00008845 than hitting $0.001. However, if SHIB reclaims its ATH, a $100 investment would yield $348
At current price of $0.00002541,$100 will give you 3,935,458 If SHIBA INU hits $0.0001, $100 will be $3,935
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#SHIB #ShibaInuSurge
Shiba Inu Hits $0.001?
As most market watchers and analytical resources have affirmed, it is possible for Shiba Inu to hit the $0.001 price level. However, they have advised caution as the price target is not guaranteed. Shiba Inu would require a 3,835% rally to hit $0.001.
While such a rally is entirely possible for the asset, it remains likely given current market conditions of bull market. The Shiba Inu community has welcomed the emergence of several projects, including Shibacals and Shibarium, which aim to provide utility.
Notably, a more realistic price target for Shiba Inu is its all-time high of $0.00008845 attained in October 2021. Having hit the price target in the past, market watchers believe SHIB has a better chance at reclaiming $0.00008845 than hitting $0.001. However, if SHIB reclaims its ATH, a $100 investment would yield $348
At current price of $0.00002541,$100 will give you 3,935,458 If SHIBA INU hits $0.0001, $100 will be $3,935
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#SHIB #ShibaInuSurge
🔥 Shiba Inu's Burn Rate Surges 28,000% Amid .Shib Domain Launch
In a fiery development, the burn rate of the meme-inspired cryptocurrency Shiba Inu ($SHIB ) has skyrocketed by an astonishing 28,000% within a mere 24 hours. This surge followed the deliberate burning of over 6.3 million SHIB tokens, sent to unrecoverable dead wallet addresses, effectively eliminating them from circulation.
🔥 Burn Tracking Insights:
Data from Shiba Inu burn tracking platform Shibburn reveals that the surge in burn rate coincided with the announcement of Shiba Inu's collaboration with domain firm D3 Global. This partnership allows users to acquire .shib domains, marking Shiba Inu as one of the pioneering decentralized projects to pursue a top-level domain through the Internet Corporation for Assigned Names and Numbers (ICANN). Notably, some other networks have their native addresses, such as Ethereum ending in .eth.
🔥 Strategic Token Burns for Utility Growth:
Shiba Inu's community engages in strategic token burns by directing them to 'dead addresses,' effectively reducing the available supply in circulation. The recent surge in burn activity is part of a broader trend, as earlier this month, a staggering 8.6 billion SHIB tokens were permanently deleted, representing a remarkable 160,598% increase from the previous day's burn rate.
🚀 Future Price Speculations and Strategic Partnerships:
Analysts speculate that as adoption grows, Shiba Inu's price could witness a corresponding rise. The project's team is actively pursuing partnerships to expand SHIB's utility, a strategy seen as pivotal in driving future demand and potential price surges.
🔄 Market Dynamics:
Despite recent developments, Shiba Inu faced delisting from Uphold Canada, alongside other cryptocurrencies like Dogecoin (DOGE), Cardano (ADA), and more.
🚀 Stay Tuned for the Next Shiba Inu Blaze! Follow The Blockopedia for Real-time Updates. 🔥
#ShibaInuSurge #ShibaInuInWeb3 #crypto #cryptocurrency #crypto2023
In a fiery development, the burn rate of the meme-inspired cryptocurrency Shiba Inu ($SHIB ) has skyrocketed by an astonishing 28,000% within a mere 24 hours. This surge followed the deliberate burning of over 6.3 million SHIB tokens, sent to unrecoverable dead wallet addresses, effectively eliminating them from circulation.
🔥 Burn Tracking Insights:
Data from Shiba Inu burn tracking platform Shibburn reveals that the surge in burn rate coincided with the announcement of Shiba Inu's collaboration with domain firm D3 Global. This partnership allows users to acquire .shib domains, marking Shiba Inu as one of the pioneering decentralized projects to pursue a top-level domain through the Internet Corporation for Assigned Names and Numbers (ICANN). Notably, some other networks have their native addresses, such as Ethereum ending in .eth.
🔥 Strategic Token Burns for Utility Growth:
Shiba Inu's community engages in strategic token burns by directing them to 'dead addresses,' effectively reducing the available supply in circulation. The recent surge in burn activity is part of a broader trend, as earlier this month, a staggering 8.6 billion SHIB tokens were permanently deleted, representing a remarkable 160,598% increase from the previous day's burn rate.
🚀 Future Price Speculations and Strategic Partnerships:
Analysts speculate that as adoption grows, Shiba Inu's price could witness a corresponding rise. The project's team is actively pursuing partnerships to expand SHIB's utility, a strategy seen as pivotal in driving future demand and potential price surges.
🔄 Market Dynamics:
Despite recent developments, Shiba Inu faced delisting from Uphold Canada, alongside other cryptocurrencies like Dogecoin (DOGE), Cardano (ADA), and more.
🚀 Stay Tuned for the Next Shiba Inu Blaze! Follow The Blockopedia for Real-time Updates. 🔥
#ShibaInuSurge #ShibaInuInWeb3 #crypto #cryptocurrency #crypto2023
