Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
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Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.

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#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB

Have you heard the good news about Shiba Inu? 💡 There seems to be a lot of optimism about the future of this currency, as several companies are expected to contract with it by 2025, God willing. 🌟

Why should you care about Shiba Inu? 🤔

1. **New Partnerships**: Upcoming deals will boost Shiba Inu’s market position, meaning greater growth opportunities. 📊

Shiba Inu To Break All-Time High Record in Current Cycle, Says Pundit
A market analyst expects Shiba Inu to breach its 2020/2021 all-time high in the current market cycle.
Amid macroeconomic and political tailwinds, the crypto market is awash with excitement, with market participants setting sights on new highs for leading assets.
One influential market commentator has stoked the flames of this anticipation for the leading doggy-themed meme coin, Shiba Inu (SHIB).
Shiba Inu (SHIB) To All-Time Highs?
“CRYPTO SHERIFF” has asserted that SHIB will shatter its all-time high price record of $0.00008616 in the current bull market cycle.
The influencer expressed this view in an X post on Sunday, December 15, contending that the token’s rise was “inevitable.”
The call comes despite SHIB’s consolidation after its stunning November 2024 rally. Following Donald Trump’s election victory heralding what many expect to be a pro-crypto regime in the U.S., the token surged about 98% from $0.00001687 to highs around $0.00003343.
At the time of writing, however, the token has shed some of these gains to trade at the $0.00002694 price point.
Still, CRYPTO SHERIFF is not the only analyst who has recently sounded bullish on SHIB, suggesting strong investor confidence.
SHIB Poised for 1,700% Surge?
On December 10, crypto analyst “CryptoELITES” opined that SHIB could surge to the $0.0004729 price point in the current market cycle, representing a nearly 1,700% increase from current prices.
The analyst shared this outlook, citing a bullish cup and handle pattern the asset appeared to be forming on its weekly candle chart.
The confirmation of this bullish pattern could come if the token decisively breaks above a downtrend line that has acted as a resistance level since October 2021.
Sharing a similar analysis on December 12, another crypto analyst, “PouyanTradeFX,” suggested that failure to break above the downtrend could lead to a 150% decline to the $0.000011 price point.
#shibainucoin #SHIB #Memecoins #cryptocurrencies #CryptoNews

The crypto market is buzzing again, and $PEPE is back in the spotlight! 🐸💫 Whether it’s community hype, meme-culture revival, or whales getting active, PEPE seems ready to gear up for a new journey. Could this be the start of another meme coin rally? 🤔

Why PEPE is on Everyone’s Radar:
Community Power: Meme coins live and die by their fanbase. PEPE has a dedicated following that keeps the narrative alive. 🐸✨Hype Indicators: Market activity shows accumulation patterns – is something brewing behind the scenes? 🕵️‍♂️Market Trends: Meme coins often thrive when the market leans toward speculation and risk-taking.
Other Meme Coins Worth Watching:
🐶 $DOGE (Dogecoin): The original meme king still dominates, often riding waves created by Elon Musk’s tweets or market-wide hype.🐕 $SHIB (Shiba Inu): Shiba Inu’s ecosystem continues to expand, with developments like Shibarium keeping it relevant.🐾 FLOKI: With a playful reference to Elon Musk’s dog, FLOKI remains a community-driven favorite, attracting attention during meme coin surges.
Meme Coins: Fun, Risky, and Volatile
Meme coins bring excitement back into crypto, but they’re also highly speculative and unpredictable. While tokens like PEPE, DOGE, and SHIB have strong communities, their growth depends on hype cycles and market sentiment.
🔥 Let’s Have Some Fun! 🔥
💬 What do you think? Are we about to see a meme coin rally, or is it just noise? Share your thoughts in the comments below!
💌 Don’t Miss Out:
Love crypto updates with a touch of fun? Follow us for more insights, trends, and meme-worthy moments! Let’s navigate the market together. 🚀
📢 Note: This post is for entertainment purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.


#pepe⚡ #pepecoin🐸 #SHIB #DOGE #FLOKI

The last few days have been ugly, to say the least, for holders of the popular meme-inspired cryptocurrencyShiba Inu (SHIB). After a huge surge of nearly 100% since the beginning of November, the price of SHIB has dropped nearly 23% in the last nine days and recently hit a major support level at around $0.000025 per token.

While not very pleasant at first glance, the price chart of the Shiba Inu token is currently opening up interesting opportunities for SHIB enthusiasts. Considering that the drop did not exceed one-third of the initial pump, this correction can actually be considered healthy for the meme-inspired asset, and the maintenance of a key price support level suggests that this may be a point from which the next round of price appreciation forSHIB will begin.

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There are still large concentrations of liquidity below this support level, especially where the price stopped after the Dec. 10 dump. For now, all eyes are on $0.000025, the importance of which is further confirmed by the 50-day simple moving average, which stretches right across this price point.

However, as previously reported by U.Today, the Bollinger Bands, a popular indicator on financial markets, suggest that the price of theShiba Inu token could drop as low as $0.00002456, where the lower band currently resides. Despite the fact that this may mean another 4.4% drop for SHIB, if the token finds its local bottom here, it may still save the bullish bias, as this will be a higher low than what we saw earlier in December.

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All in all, the pain that SHIB's price action is currently inflicting on its holders may soon end; the only two questions are when and where.

669,053,714 Transactions, Shibarium Set for New Milestone
Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu protocol, is on the verge of a major historical record.
Since its inception, the protocol has recorded a total transaction count of 669,053,714 as it looks set to breach another major milestone.
The protocol could achieve this in days, with only 946286 transactions to breach the 670,000,000 record.
Shibarium optimism Currently, Shibarium averages 4.5 million transactions a day, a trend lasting more than eight weeks. At this pace, it has been quite easy for the protocol to breach the 600,000,000 milestone this quarter.
Meanwhile, the broader Shiba Inu ecosystem has continued to face a stress test in terms of price action. The Shibarium transaction outlook and other metrics are a reasonable source of hope for SHIB proponents in general.
At the current pace, Shibarium will need to make an additional 30,946,286 transactions to hit the 700 million high. If the outlook is unchanged, the scaling solution may hit this milestone before the end of December.
Beyond the total transactions, Shibarium also boasts over two million registered wallet addresses and a 8.46 million block production.
Thus far this year, Shibarium has registered wide adoption to register the milestones it has recorded thus far. Shiba Inu price outlook At the time of writing, the price of Shiba Inu has nosedived by over 5% in the past 24 hours to $0.00002567.
This slip-off comes despite advances in other ecosystem performance checks, including but not limited to the SHIB burn rate and trading volume.
However, these major performance milestones might help Shiba Inu find its way back on track in the coming days. While the broader correlation with Bitcoin is wielding a bearish sentiment, a major SHIB rebound and a future rally are possible with the projected SHIB transaction boom.
#Shibainu #Shibarium #SHIB #memecoins #CryptoNews

$SHIB
💸Trade Strategy Summary💸
The SHIB/USDT trading data indicates a minor bullish trend, with a 0.30% increase in the last 24 hours.
👉Long Position👈
- Buy: 🗣️Consider buying SHIB/USDT at the current price of $0.00002695
- Target:🗣️ $0.00003500 (+29.8% gain)
- Stop-Loss: 🛑$0.00002400 (-10.9% loss)
🎯Short Position🎯
- Sell: 🚀Consider shorting SHIB/USDT at the current price of $0.00002695
- Target: 🚀$0.00002400 (-10.9% gain)
- Stop-Loss: 🛑$0.00003500 (+29.8% loss)
💥Risk Management💥
Set a risk-reward ratio of 1:2 and adjust your position size according to your risk tolerance. Always conduct your own research and consider multiple sources before making a trade.
#SHIB #PENGUOpening #BinanceAlpha #trading #write2earn!

Prominent crypto tracker Shibburn has published data showing that the SHIB community has remained dedicated to removing meme coins from the circulating supply.

The spike in the burn rate over the past day has constituted six figures, with several tens of millions SHIB sent to a virtual furnace.

Burn rate spikes 319,571%

A tweet published by Shibburn earlier today reported that the SHIB burn rate spike comprised a staggering 319,571.27%, while the community has pushed 35,713,674 Shiba Inu meme coins out of the circulating supply, locking those SHIB in unspendable wallets for good.

The three biggest transfers carried 15,546,918 SHIB; 11,196,225 SHIB and 8,804,670 Shiba Inu meme coins.

HOURLY SHIB UPDATE$SHIB Price: $0.000027 (1hr 0.68% ▲ | 24hr -3.86% ▼ )Market Cap: $15,909,188,563 (-3.93% ▼)Total Supply: 589,257,186,387,669TOKENS BURNTPast 24Hrs: 35,713,674 (319571.27% ▲)Past 7 Days: 138,987,010 (-94.31% ▼)

— Shibburn (@shibburn) December 17, 2024

If we look at the SHIB burns conducted during the past week, we see that it is slightly in the red zone, showing minus 94.31%. However, the actual amount of destroyed SHIB coins is roughly four times bigger and constitutes 138,987,010 SHIB.

As covered by U.Today, on Monday, an anonymous whale helped burn SHIB coins, transferring 20,035,968 SHIB to a dead-end wallet in a single move.

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SHIB price unfazed by new Bitcoin record peak

On Monday, the world’s leading cryptocurrency, Bitcoin, succeeded in reaching a new all-time high of $107,780. While SHIB has reacted to the price dumps and surges of BTC before, this time, the correlation between them seems to be lost so far.

After printing a more than 22% recovery last week, the SHIB price has been moving sideways in a slightly descending trajectory. After dropping from the $0.00002978 level behind, SHIB has been striving to surpass the $0.00002822 resistance but has failed so far.

After a minor 2% increase today, the second biggest meme coin in terms of market capitalization size, SHIB, is changing hands at $0.00002738.

On the daily chart, Shiba Inu is under a lot of pressure and is currently going through a noticeable decline. The asset's price has decreased by 2.43% to $0.00002568, its lowest level to date. Despite this brief difficulty, there is still hope as SHIB gets closer to the crucial 50 EMA level, where a possible reversal might pique investors' interest once more.

The drop comes after a volatile period following SHIB's robust November and early December rally. The price moved toward $0.000033 during this rally, but the momentum has since waned. SHIB moved closer to its 50 EMA support level at roughly $0.00002512 after a breakdown below the 26 EMA indicated increasing bearish pressure. Because it frequently serves as an active support line for assets during corrections, the 50 EMA has historical significance.

The asset may recover and regain its higher price targets if SHIB finds stability at this level. Failure to maintain this support, however, might expose SHIB to additional declines and possibly test the $0.000023 region, which is consistent with earlier price consolidations. Volume indicators show a decline in trading activity, which may indicate that both buyers and sellers are losing faith in the market. This volume decline may be a sign that selling pressure is warning, which could lead to a stabilization period and a subsequent rebound.

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The 26 EMA level, which would indicate a change in momentum, must be reclaimed by Shiba Inu at approximately $0.00002730 for a bullish scenario to materialize. Above that, if market sentiment improves, a push toward $0.00002850 and eventually $0.00003000 might be possible.

Though SHIB is facing short-term difficulties, there is some hope at the 50 EMA level. In the event that buyers intervene and protect this support, the asset might recover and retest higher resistance levels. Investors should keep a close eye on this crucial level because a recovery from it might indicate that SHIB is ready to buck the current downward trend.