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Shiba Inu’s New Rally Analysis and Growth Potential
The memecoin#ShibaInu (SHIB) has seen remarkable growth over the past week. Driven by the overall market rally, the price of SHIB has surged over 50% to reach a six-month high of $0.000025. Currently,#SHIBis just below a key resistance level at $0.000028, and with buying pressure on the rise, the question arises: can buyers flip this level into strong support?
#Shiba Inu sees increased buying pressure
On-chain data shows that #SHIB’s recent surge is being driven by a growth in the number of daily active addresses and new participants on the network. According to IntoTheBlock, the daily number of unique addresses involved in at least one transaction has increased by 346% over the past week. Additionally, the number of new addresses created to trade the memecoin has increased by 458% over the same period, indicating a significant influx of new investors.
#Shiba Inu sees increased buying pressure
On-chain data shows that #SHIB’s recent surge is being driven by a growth in the number of daily active addresses and new participants on the network. According to IntoTheBlock, the daily number of unique addresses involved in at least one transaction has increased by 346% over the past week. Additionally, the number of new addresses created to trade the memecoin has increased by 458% over the same period, indicating a significant influx of new investors.
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Shiba Inu Proposal for Strategic Hub in the US and 40% Increase in SHIB Value
Recently, Shiba Inu lead developer Shytoshi Kusama announced a bold proposal to create a strategic blockchain hub in the United States, inspired by the concept of a “Silicon Valley for crypto.” The proposal coincided with a massive 40% surge in the price of Shiba Inu (SHIB) to $0.00002727, a result that shows the bullish reaction of the market to the idea. <t-41/>
The “Silicon Valley for Crypto” Proposal
Kusama’s vision is ambitious: to create a dedicated blockchain innovation space, with infrastructure and support geared toward developing cryptocurrencies and related technologies. Such a hub would require billions of dollars in investment and seeks to position the United States as a global leader in blockchain adoption, especially in a landscape where regulation and digital innovation are at the forefront of the spotlight.
The “Silicon Valley for Crypto” Proposal
Kusama’s vision is ambitious: to create a dedicated blockchain innovation space, with infrastructure and support geared toward developing cryptocurrencies and related technologies. Such a hub would require billions of dollars in investment and seeks to position the United States as a global leader in blockchain adoption, especially in a landscape where regulation and digital innovation are at the forefront of the spotlight.
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Cryptocurrency Market Faces Major Liquidations
Over the past 24 hours, the cryptocurrency market has seen significant liquidations totaling around $685 million, according to data from Coinglass reported by Foresight News. Of these liquidations, $314 million were long positions, while $371 million were short positions, reflecting a highly volatile movement.
Bitcoin, being the most traded cryptocurrency, took a significant hit, with $166 million in liquidations, followed by Ethereum, with $94.79 million. These numbers reinforce the risk and unpredictability of investing in digital assets, which often experience large swings in short periods. The dynamics between long and short positions expose investors to potential losses, as sudden price changes force the liquidation of multiple positions.
Bitcoin, being the most traded cryptocurrency, took a significant hit, with $166 million in liquidations, followed by Ethereum, with $94.79 million. These numbers reinforce the risk and unpredictability of investing in digital assets, which often experience large swings in short periods. The dynamics between long and short positions expose investors to potential losses, as sudden price changes force the liquidation of multiple positions.
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Shiba Inu (SHIB) Current Price and Market Opportunities
#Shiba Inu (SHIB) has seen a massive surge of 40.41% in the last 24 hours, with the current price at $0.000027. The market cap of#SHIBis $15.78 billion, and the trading volume in the last 24 hours was $4.42 billion. The total circulating supply is around 589.26 billion tokens.
This growth is driven in part by the increase in token burning, a process that aims to reduce supply and potentially increase the price of the cryptocurrency. Additionally, Shiba Inu remains one of the most discussed and adopted cryptocurrencies, with a strong community and expansion in the metaverse and DeFi (decentralized finance).
This growth is driven in part by the increase in token burning, a process that aims to reduce supply and potentially increase the price of the cryptocurrency. Additionally, Shiba Inu remains one of the most discussed and adopted cryptocurrencies, with a strong community and expansion in the metaverse and DeFi (decentralized finance).
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#Shiba Inu (SHIB) is currently experiencing a major moment in the cryptocurrency market with an extraordinary burn rate that has increased by more than 253,000% recently. This burning process, which consists of sending large amounts of#SHIBtokens to inactive (or “dead”) wallets, has removed more than 5.5 billion tokens from circulation in a short period of time. This move is seen as an effort to reduce the total supply, which could potentially increase the value of the token. The accelerated burning of tokens has generated expectations of an appreciation of up to 90% in the price of #SHIB, according to analysts.
This increase in the burn rate occurs amid a scenario of growth in the cryptocurrency market, also driven by events such as the United States elections and the increase in interest in exchange-traded funds (ETFs) of other cryptocurrencies, such as XRP. Even with these expectations, experts recommend caution, as the cryptocurrency market is extremely volatile.
For those who are following#ShibaInu, the recent token burn may be an interesting opportunity, but it is worth remembering that the crypto market is influenced by several external factors. #Shibalnu #ShibaSwap #shiba #shibaburn
This increase in the burn rate occurs amid a scenario of growth in the cryptocurrency market, also driven by events such as the United States elections and the increase in interest in exchange-traded funds (ETFs) of other cryptocurrencies, such as XRP. Even with these expectations, experts recommend caution, as the cryptocurrency market is extremely volatile.
For those who are following#ShibaInu, the recent token burn may be an interesting opportunity, but it is worth remembering that the crypto market is influenced by several external factors. #Shibalnu #ShibaSwap #shiba #shibaburn
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The Shiba Inu (SHIB) cryptocurrency is one of the leading low-cost altcoins with high trading volume, attracting investors looking for appreciation potential. Its value is currently around R$0.0001117, after a recent slight increase, highlighting a significant variation over the last 24 hours and an appreciation last week, which indicates that traders are attentive to short-term opportunities. In comparison, the price in dollars is approximately $0.00001946, varying according to the main exchange pairs.
The analytical chart of Shiba Inu reveals high volatility patterns common in currencies of this segment, with sudden peaks and falls that favor investors who apply day trading strategies. Recent technical analysis suggests a possible "Golden Cross" formation on the chart, which historically points to an upward trend in some assets, although this interpretation may vary according to other market factors. Furthermore, SHIB’s movements are influenced by its community and the use of the token in projects such as the ShibaSwap platform, which strengthens the ecosystem.
For investors interested in Shiba Inu, it is essential to monitor trading volume and market capitalization, which reflect liquidity and continued interest in the asset. Shiba Inu still depends on the enthusiasm of its community and updates in the ecosystem to drive new valuations. As with any cryptocurrency investment, diversification and caution with high volatility are essential to manage risks.#SHİB #Shibalnu #shibarmy #shiba $SHIB
Do you believe that the Shiba Inu (SHIB) cryptocurrency has the potential to appreciate significantly in the next 6 months?
The analytical chart of Shiba Inu reveals high volatility patterns common in currencies of this segment, with sudden peaks and falls that favor investors who apply day trading strategies. Recent technical analysis suggests a possible "Golden Cross" formation on the chart, which historically points to an upward trend in some assets, although this interpretation may vary according to other market factors. Furthermore, SHIB’s movements are influenced by its community and the use of the token in projects such as the ShibaSwap platform, which strengthens the ecosystem.
For investors interested in Shiba Inu, it is essential to monitor trading volume and market capitalization, which reflect liquidity and continued interest in the asset. Shiba Inu still depends on the enthusiasm of its community and updates in the ecosystem to drive new valuations. As with any cryptocurrency investment, diversification and caution with high volatility are essential to manage risks.#SHİB #Shibalnu #shibarmy #shiba $SHIB
Do you believe that the Shiba Inu (SHIB) cryptocurrency has the potential to appreciate significantly in the next 6 months?
Sim, acho que pode valorizar
67%
Talvez, depende das melhorias
6%
Não, acredito em outra cripto
5%
Não tenho certeza ainda.
22%
36 votes • Voting closed