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Might Shiba Inu Reach 0.00001? Shibarium Marks 90 Million Transactions
In recent weeks, Shibarium, an Ethereum Layer 2 network inspired by Shiba Inus, has been stepping up its game. There has been a new milestone in the amount of daily transactions conducted on the network due to the quick pace of adoption.
Shibarium Processes More Than 90 Million Transactions Every Year
Data collected by ShibariumScan indicates that the sum of all transactions processed by the Shiba Inu Layer 2 network has surpassed 90 million. The network has been recording over 6.5 million transactions per day for several days prior to this.
Over 7.8 million transactions were processed on the Shibarium network in only the past two days. The number of users adding themselves to the network has also been on the rise. Just two weeks into December, it jumped from a November trend of roughly 30,000 to over 54,000. This indicates that the number of accounts on the network has increased by nearly 100%.
Just like the daily transactions, active accounts also rose to a new peak of 9,339 on December 5. Still, following a drop to 3,232 on December 10, this indicator appears to be experiencing a complete retracement. What this indicates is that people are beginning to reduce their network activities.
Also setting a new record in December was the amount of new accounts generated in a single day. On December 3, it hit 4,456 according to the data, and on December 5, it dropped to 4,399. In contrast, the number of newly formed accounts on the network has plummeted to 368 as of December 10, a decline of around 92%.
Are Shiba Inus Capable of Rallying to $0.0001?
Although Shiba Inus will benefit from the Shibarium network's rapid expansion, it's unlikely that this will have much of an effect on the breed's asking price. The reason behind this is that BONE is the primary utility token in the network, whilst Shiba Inu is solely used for network governance. As a result, the expansion of the network is more likely to affect the value of BONE than SHIB.
Market analysts at Telegoan have predicted that SHIB may hit the $0.0001 price objective in 2025. Additionally, under ideal market circumstances, they anticipate that meme coin's value may reach $0.000728 that year.
The meme coin's valuation could be propelled in the near future by an anticipated $1 million worth of burns. Shytoshi Kusama, the chief developer for the Shiba Inu breed, has stated that the more than $1.2 million earned from BONE fees on the Shibarium network may be utilized to burn SHIB. The value of the SHIB token is anticipated to increase as its supply decreases.
#SHIB #shibawhale #BullRun
Shibarium Processes More Than 90 Million Transactions Every Year
Data collected by ShibariumScan indicates that the sum of all transactions processed by the Shiba Inu Layer 2 network has surpassed 90 million. The network has been recording over 6.5 million transactions per day for several days prior to this.
Over 7.8 million transactions were processed on the Shibarium network in only the past two days. The number of users adding themselves to the network has also been on the rise. Just two weeks into December, it jumped from a November trend of roughly 30,000 to over 54,000. This indicates that the number of accounts on the network has increased by nearly 100%.
Just like the daily transactions, active accounts also rose to a new peak of 9,339 on December 5. Still, following a drop to 3,232 on December 10, this indicator appears to be experiencing a complete retracement. What this indicates is that people are beginning to reduce their network activities.
Also setting a new record in December was the amount of new accounts generated in a single day. On December 3, it hit 4,456 according to the data, and on December 5, it dropped to 4,399. In contrast, the number of newly formed accounts on the network has plummeted to 368 as of December 10, a decline of around 92%.
Are Shiba Inus Capable of Rallying to $0.0001?
Although Shiba Inus will benefit from the Shibarium network's rapid expansion, it's unlikely that this will have much of an effect on the breed's asking price. The reason behind this is that BONE is the primary utility token in the network, whilst Shiba Inu is solely used for network governance. As a result, the expansion of the network is more likely to affect the value of BONE than SHIB.
Market analysts at Telegoan have predicted that SHIB may hit the $0.0001 price objective in 2025. Additionally, under ideal market circumstances, they anticipate that meme coin's value may reach $0.000728 that year.
The meme coin's valuation could be propelled in the near future by an anticipated $1 million worth of burns. Shytoshi Kusama, the chief developer for the Shiba Inu breed, has stated that the more than $1.2 million earned from BONE fees on the Shibarium network may be utilized to burn SHIB. The value of the SHIB token is anticipated to increase as its supply decreases.
#SHIB #shibawhale #BullRun
Shiba Inu’s Shibarium Clears 5M Transactions After Massive Spike
Shibarium, the innovative layer-2 solution for Shiba Inu cryptocurrency, has achieved a landmark 5 million transactions.
Shibarium's recent performance has been nothing short of extraordinary. The network reported nearly 35,000 transactions on Tuesday, followed by over 29,000 on Wednesday. This surge marks the highest peak in transaction volume since October 25, when Shibarium processed a record 62,000 transactions. Earlier this month, the platform experienced a notable spike in activity, but nothing comparable to the current levels. This resurgence is a positive sign for Shibarium, especially considering its previous lows, where daily transactions had once dipped below 10,000.
Apart from the impressive transaction count, Shibarium's overall statistics paint a picture of a robust and expanding ecosystem. The total number of transactions has soared to 5.234 million. Shibarium currently hosts over 30,369 accounts and 1.277 million addresses. The network has processed over 301,237 BONE transfers and supports a diverse array of 8,575 tokens. With 1.883 million blocks mined and 14,299 contracts deployed, Shibarium has established itself as a significant player in the DeFi space.
#SHIBFuture #SHIBSurge #ShibaInuUpdate #shibaburn #shibawhale
$SHIB $SOL $XRP
Shibarium, the innovative layer-2 solution for Shiba Inu cryptocurrency, has achieved a landmark 5 million transactions.
Shibarium's recent performance has been nothing short of extraordinary. The network reported nearly 35,000 transactions on Tuesday, followed by over 29,000 on Wednesday. This surge marks the highest peak in transaction volume since October 25, when Shibarium processed a record 62,000 transactions. Earlier this month, the platform experienced a notable spike in activity, but nothing comparable to the current levels. This resurgence is a positive sign for Shibarium, especially considering its previous lows, where daily transactions had once dipped below 10,000.
Apart from the impressive transaction count, Shibarium's overall statistics paint a picture of a robust and expanding ecosystem. The total number of transactions has soared to 5.234 million. Shibarium currently hosts over 30,369 accounts and 1.277 million addresses. The network has processed over 301,237 BONE transfers and supports a diverse array of 8,575 tokens. With 1.883 million blocks mined and 14,299 contracts deployed, Shibarium has established itself as a significant player in the DeFi space.
#SHIBFuture #SHIBSurge #ShibaInuUpdate #shibaburn #shibawhale
$SHIB $SOL $XRP
🚨 SHIB Whale Alert: 3.3 Trillion SHIB Transferred in Just 1 Minute! What’s Going On? 🐋🔥
SHIB Army, check this out! Just 22 hours ago, an unknown whale moved a massive 3.3 trillion SHIB (over $53 million!) between two unidentified wallets in only one minute! 😱 What's behind this move? Let’s explore!
🧐 What Could This Mean? 🔹 Whale Strategy Change – Large transfers often suggest a significant decision like buying/selling, a potential exchange listing, or a portfolio shift. 🔹 Concealed Intentions – With the wallets being anonymous, this could point to institutional buying or a secret market manoeuvre. 🔹 Bullish or Bearish? 📈📉 Is this a setup for a SHIB price surge or could a sell-off be looming?
🔥 What's Next for SHIB? 💰 Market Impact – Whale activity often triggers sharp price movements. Will SHIB soar or dip? 🚀 New Exchange Listing? This could signal a potential listing on a major exchange, a bullish sign! 🐂 🔄 Portfolio Adjustment – Is the whale positioning for a larger crypto play?
👀 SHIB Price Outlook 📊 Short-Term Volatility – Watch for movements in the next 24-48 hours as traders react to this massive transfer. 🔥 Potential Rally? If this is a positive signal, SHIB might quickly gain momentum! 💡 Keep an Eye on Volume – Big volume spikes usually mean significant financial moves are in play.
🔮 SHIB Price Prediction 💎 Bullish Scenario: 🚀 SHIB could reach $0.00002+ in the near future. ⚠️ Bearish Scenario: Short-term dips could happen, but SHIB has a strong history of bouncing back.
👉 What do you think this whale is up to? Share your thoughts below! ⬇️ #SHIB #CryptoNews #Binance #ShibaWhale #CryptoTrading #SHIBArmy
SHIB Army, check this out! Just 22 hours ago, an unknown whale moved a massive 3.3 trillion SHIB (over $53 million!) between two unidentified wallets in only one minute! 😱 What's behind this move? Let’s explore!
🧐 What Could This Mean? 🔹 Whale Strategy Change – Large transfers often suggest a significant decision like buying/selling, a potential exchange listing, or a portfolio shift. 🔹 Concealed Intentions – With the wallets being anonymous, this could point to institutional buying or a secret market manoeuvre. 🔹 Bullish or Bearish? 📈📉 Is this a setup for a SHIB price surge or could a sell-off be looming?
🔥 What's Next for SHIB? 💰 Market Impact – Whale activity often triggers sharp price movements. Will SHIB soar or dip? 🚀 New Exchange Listing? This could signal a potential listing on a major exchange, a bullish sign! 🐂 🔄 Portfolio Adjustment – Is the whale positioning for a larger crypto play?
👀 SHIB Price Outlook 📊 Short-Term Volatility – Watch for movements in the next 24-48 hours as traders react to this massive transfer. 🔥 Potential Rally? If this is a positive signal, SHIB might quickly gain momentum! 💡 Keep an Eye on Volume – Big volume spikes usually mean significant financial moves are in play.
🔮 SHIB Price Prediction 💎 Bullish Scenario: 🚀 SHIB could reach $0.00002+ in the near future. ⚠️ Bearish Scenario: Short-term dips could happen, but SHIB has a strong history of bouncing back.
👉 What do you think this whale is up to? Share your thoughts below! ⬇️ #SHIB #CryptoNews #Binance #ShibaWhale #CryptoTrading #SHIBArmy
Whale Alert: 1.3 Trillion Shiba Inu Moved to Exchanges in One Day, Price Reacts with a Drop
Shiba Inu ($SHIB ) is experiencing a decline today, likely due to a significant sell-off, as a massive amount of tokens has been transferred to exchanges over the past 24 hours. On October 7, market participants, including large holders known as "whales," sent 1.3 trillion SHIB tokens to centralized exchanges, presumably for liquidation. This trend follows the previous day, when 789 billion SHIB were also sent to exchanges.
Significant Influx of Tokens to Exchanges
In contrast, on Monday, 943.89 billion SHIB tokens were withdrawn from exchanges into external wallets. This movement resulted in a net inflow of 358 billion SHIB back to exchanges, increasing the selling pressure. When more tokens are deposited to exchanges than withdrawn, it often signals potential selling activity, which puts downward pressure on the price.
Current Market Status
At the time of writing, SHIB is trading at $0.00001755, marking a 3% daily decline. This negative trend has been observed over the past week. So far today, 366.97 billion SHIB tokens have been sent to exchanges, which is less than the previous day but still a significant volume.
Key Resistance Levels and Market Outlook
#shiba⚡ Inu is currently facing key resistance around the $0.00001800 level. If the price breaks above this level, it could indicate potential for a market recovery. Analysts have identified the $0.00002000 zone as a major breakthrough point; surpassing this level could attract stronger buying pressure and potentially lead to more substantial growth.
On the downside, #SHIB، has critical support at $0.00001500. If the current trend of net inflows continues and SHIB fails to break resistance, maintaining this support will be essential for preserving its recent upward trend.
#Shibalnu , #Cryptocurrencies , #shibawhale
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Significant Influx of Tokens to Exchanges
In contrast, on Monday, 943.89 billion SHIB tokens were withdrawn from exchanges into external wallets. This movement resulted in a net inflow of 358 billion SHIB back to exchanges, increasing the selling pressure. When more tokens are deposited to exchanges than withdrawn, it often signals potential selling activity, which puts downward pressure on the price.
Current Market Status
At the time of writing, SHIB is trading at $0.00001755, marking a 3% daily decline. This negative trend has been observed over the past week. So far today, 366.97 billion SHIB tokens have been sent to exchanges, which is less than the previous day but still a significant volume.
Key Resistance Levels and Market Outlook
#shiba⚡ Inu is currently facing key resistance around the $0.00001800 level. If the price breaks above this level, it could indicate potential for a market recovery. Analysts have identified the $0.00002000 zone as a major breakthrough point; surpassing this level could attract stronger buying pressure and potentially lead to more substantial growth.
On the downside, #SHIB، has critical support at $0.00001500. If the current trend of net inflows continues and SHIB fails to break resistance, maintaining this support will be essential for preserving its recent upward trend.
#Shibalnu , #Cryptocurrencies , #shibawhale
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
#shibaburn #shibawhale #SHIB-4.56%
#MirzaNoman90
@Aayannoman @AayanCom
Shiba Inu (SHIB) On-Chain Surge Hits 500% in Jaw-Dropping Two-Day Rally
In a seismic shift within the Shiba Inu (SHIB) ecosystem, the past 48 hours have seen an unparalleled surge in on-chain dynamics, as whale transactions involving the token skyrocketed by an astonishing 498%.
Shiba Inu, a popular token in the crypto sphere, is making waves with a surge in transactions valued at $100,000 and more, according to on-chain analytics platform IntoTheBlock.
During this whirlwind period, whale transactions injected a whopping $40.93 million into SHIB, exchanging an epic 5.1 trillion tokens. This surge has pushed the total daily transactions to an astonishing 6.38 trillion tokens, equivalent to a staggering $51.71 million.
#MirzaNoman90
@Aayannoman @AayanCom
Shiba Inu (SHIB) On-Chain Surge Hits 500% in Jaw-Dropping Two-Day Rally
In a seismic shift within the Shiba Inu (SHIB) ecosystem, the past 48 hours have seen an unparalleled surge in on-chain dynamics, as whale transactions involving the token skyrocketed by an astonishing 498%.
Shiba Inu, a popular token in the crypto sphere, is making waves with a surge in transactions valued at $100,000 and more, according to on-chain analytics platform IntoTheBlock.
During this whirlwind period, whale transactions injected a whopping $40.93 million into SHIB, exchanging an epic 5.1 trillion tokens. This surge has pushed the total daily transactions to an astonishing 6.38 trillion tokens, equivalent to a staggering $51.71 million.
Shibarium Shatters Records, While SHIB Price Remains Under Bearish Claws! What’s Next?
Shiba Inu ecosystem is set to skyrocket as the layer-2 solution, and Shibarium has recorded explosive growth in the past few days
The prices of the native tokens SHIB and BONE are expected to be positively impacted by the advancements and eventually regain the lost positions
The Shiba Inu price continues to trade within a symmetrical triangle and is slowly approaching the apex of the triangle
Besides, the DMI is uncertain as the ADX is displaying bearish divergence. However, the +Di & -Di levels are going parallel and to trigger a bullish rise, a bearish crossover needs to be imminent
Hence, the SHIB price is believed to slide below $0.000008, which may further trigger a healthy rebound and reach beyond $0.000009.
#ShibaInuUpdate #shibawhale #shibaburn #SHIBSurge #Shibaprice
$SHIB
Shiba Inu ecosystem is set to skyrocket as the layer-2 solution, and Shibarium has recorded explosive growth in the past few days
The prices of the native tokens SHIB and BONE are expected to be positively impacted by the advancements and eventually regain the lost positions
The Shiba Inu price continues to trade within a symmetrical triangle and is slowly approaching the apex of the triangle
Besides, the DMI is uncertain as the ADX is displaying bearish divergence. However, the +Di & -Di levels are going parallel and to trigger a bullish rise, a bearish crossover needs to be imminent
Hence, the SHIB price is believed to slide below $0.000008, which may further trigger a healthy rebound and reach beyond $0.000009.
#ShibaInuUpdate #shibawhale #shibaburn #SHIBSurge #Shibaprice
$SHIB
350 Billion Shiba Inu Just Withdrawn From Binance: SHIB Price up 10%
Shiba Inu's price going up, and activity of whales shows
An anonymous Shiba Inu whale wallet has made significant moves by withdrawing a staggering 600 billion SHIB, valued at approximately $5.7 million, from Binance. This transaction comes shortly after the same entity withdrew 250 billion SHIB, around $2.3 million, just nine days prior. The consequence of these substantial withdrawals has coincided with a 10% uplift in SHIB's price, stirring conversations and speculations within the cryptocurrency sphere.
This pattern of withdrawals by a single entity could be indicative of several market strategies. One possible interpretation is a shift toward holding the assets in private wallets, which may suggest a long-term bullish outlook by the whale on the future of SHIB. Such a move might also reflect a strategy to reduce exposure to exchange-related risks, given the recent history of exchange hacks and security breaches.
These transactions come at a time when meme coins, like Shiba Inu and its cohort member PEPE, are experiencing an uptick alongside a broader market recovery. The upsurge in SHIB's price following the withdrawals aligns with this trend. However, while the market's response may seem encouraging, it is essential for investors to tread with caution. Meme coins are known for their volatility, often experiencing rapid price reversals that can catch investors off guard.
The concentration of such a significant amount of SHIB in a single wallet raises questions about market influence and the potential impact on liquidity. Large-scale movements by whales can lead to price volatility due to the considerable share of the market they represent. Investors and traders should remain vigilant, as such activity could precede market-making moves, either bullish or bearish.
Actions of whales have historically been precursors to significant price action.
#Shibaprice #shibawhale #ShibaInuUpdate #shibaburn #CryptoScoop
$SHIB
Shiba Inu's price going up, and activity of whales shows
An anonymous Shiba Inu whale wallet has made significant moves by withdrawing a staggering 600 billion SHIB, valued at approximately $5.7 million, from Binance. This transaction comes shortly after the same entity withdrew 250 billion SHIB, around $2.3 million, just nine days prior. The consequence of these substantial withdrawals has coincided with a 10% uplift in SHIB's price, stirring conversations and speculations within the cryptocurrency sphere.
This pattern of withdrawals by a single entity could be indicative of several market strategies. One possible interpretation is a shift toward holding the assets in private wallets, which may suggest a long-term bullish outlook by the whale on the future of SHIB. Such a move might also reflect a strategy to reduce exposure to exchange-related risks, given the recent history of exchange hacks and security breaches.
These transactions come at a time when meme coins, like Shiba Inu and its cohort member PEPE, are experiencing an uptick alongside a broader market recovery. The upsurge in SHIB's price following the withdrawals aligns with this trend. However, while the market's response may seem encouraging, it is essential for investors to tread with caution. Meme coins are known for their volatility, often experiencing rapid price reversals that can catch investors off guard.
The concentration of such a significant amount of SHIB in a single wallet raises questions about market influence and the potential impact on liquidity. Large-scale movements by whales can lead to price volatility due to the considerable share of the market they represent. Investors and traders should remain vigilant, as such activity could precede market-making moves, either bullish or bearish.
Actions of whales have historically been precursors to significant price action.
#Shibaprice #shibawhale #ShibaInuUpdate #shibaburn #CryptoScoop
$SHIB
Shiba Inu (SHIB) Community Targeted by New Sophisticated Scam
⚠️🚦#scamalert
Checking whether you are 'paper hand' or 'diamond hand' on third-party websites aggressively promoted on X is not worth it.
A new scam campaign that is gaining traction right now might be way more dangerous than trivial "double-your-deposit" airdrops and fake reward distributions from Elon Musk. Malefactors are exploring "fear of missing out," offering victims to check how much they would have earned if they were "diamond hands."
In early December 2023, scammers launched a number of websites that allegedly demonstrate the potential PnL of this or that Shiba Inu (SHIB) holder. Such websites are promoted as instruments to check potential benefits from the enormous volatility of some coins.
On a plenty of websites created by the same scammer group (their domain names are slightly different or created with homoglyphs), users are asked to authorize their on-chain wallets. On social media, bots are spreading screenshots with eye-catching hundreds of millions of "paper PnL." Needless to say, once a holder authorizes their wallet on the website, they might lose all of their funds in the blink of an eye.
Two aspects of this scam campaign make it more dangerous. First, it is promoted via official X advertising channels: Crypto enthusiasts see it with an "Ad" label in their newsfeeds.
As such, mainstream browsers block users from visiting these websites. Largely, the scammers are focused on meme coin holders: Announcements for PEPE, BOB, DOGE, GROK and other memetic cryptocurrencies were registered on X. However, some DeFi coins, including the likes of Uniswap's UNI and Convex Finance's CVX, are also used in scam advertising. The Shiba Inu (SHIB) price is sitting at $0.000008414, being 2% up in the last 24 hours.
#scammer #Scams #ShibaInuUpdate #shibawhale
$SHIB
⚠️🚦#scamalert
Checking whether you are 'paper hand' or 'diamond hand' on third-party websites aggressively promoted on X is not worth it.
A new scam campaign that is gaining traction right now might be way more dangerous than trivial "double-your-deposit" airdrops and fake reward distributions from Elon Musk. Malefactors are exploring "fear of missing out," offering victims to check how much they would have earned if they were "diamond hands."
In early December 2023, scammers launched a number of websites that allegedly demonstrate the potential PnL of this or that Shiba Inu (SHIB) holder. Such websites are promoted as instruments to check potential benefits from the enormous volatility of some coins.
On a plenty of websites created by the same scammer group (their domain names are slightly different or created with homoglyphs), users are asked to authorize their on-chain wallets. On social media, bots are spreading screenshots with eye-catching hundreds of millions of "paper PnL." Needless to say, once a holder authorizes their wallet on the website, they might lose all of their funds in the blink of an eye.
Two aspects of this scam campaign make it more dangerous. First, it is promoted via official X advertising channels: Crypto enthusiasts see it with an "Ad" label in their newsfeeds.
As such, mainstream browsers block users from visiting these websites. Largely, the scammers are focused on meme coin holders: Announcements for PEPE, BOB, DOGE, GROK and other memetic cryptocurrencies were registered on X. However, some DeFi coins, including the likes of Uniswap's UNI and Convex Finance's CVX, are also used in scam advertising. The Shiba Inu (SHIB) price is sitting at $0.000008414, being 2% up in the last 24 hours.
#scammer #Scams #ShibaInuUpdate #shibawhale
$SHIB
Shiba Inu (SHIB) Burn Rate Sees Mega Boost, Soars 7,686,774.46%
Over eight billion Shiba Inu (SHIB) incinerated amid insane burn rate figures
Shiba Inu (SHIB) has outdone itself again concerning its burn rate metrics as it has jumped by 7,686,774.46%, sending over 8,349,329,301 SHIB to dead wallets. This burn rate figure is an unprecedented boost that shows a changing paradigm in the protocol’s deflationary metrics and on-chain outlook.
With more than 8.3 billion SHIB burnt, more wallets were responsible for contributing this sum. The wallet marked "0xc7d0445.." contributed the largest number of burnt tokens, with 8,241,856,589 incinerated on their end.
The implication of this burn rate is enormous for the Shiba Inu ecosystem. The burnt SHIB tokens crossed over from the million range into billions in a single day, a dramatic shift miming the massive transaction boost the Shiba Inu ecosystem has been recording lately. As reported earlier by U.Today, Shibarium crossed the 27 million transaction benchmark in a dramatic shift that signifies massive rejuvenation for the protocol. With the latest burn rate figure, SHIB now has a total of 410,654,124,701,096 tokens taken out of circulation through condemnation into dead wallet addresses.
The dramatic shift in the burn rate is not currently impacting the price of Shiba Inu as the meme coin is experiencing a bearish correction after soaring as high as 6% in the previous trading session. At the time of writing, however, its price has dropped to $0.000009095, down 1.35% overnight.
The lack of correlation between the SHIB burn rate and the price is not uncommon, however, the decoupling is not expected to continue for much longer. Once the SHIB whales begin to price in the current deflationary stats, the impetus to renew their buying momentum might emerge and, as such, extend the impressive push with which it started the week.
#shibawhale #ShibaSurge #Shibarium #ShibaInuAI #BinanceTournament
$SHIB
Over eight billion Shiba Inu (SHIB) incinerated amid insane burn rate figures
Shiba Inu (SHIB) has outdone itself again concerning its burn rate metrics as it has jumped by 7,686,774.46%, sending over 8,349,329,301 SHIB to dead wallets. This burn rate figure is an unprecedented boost that shows a changing paradigm in the protocol’s deflationary metrics and on-chain outlook.
With more than 8.3 billion SHIB burnt, more wallets were responsible for contributing this sum. The wallet marked "0xc7d0445.." contributed the largest number of burnt tokens, with 8,241,856,589 incinerated on their end.
The implication of this burn rate is enormous for the Shiba Inu ecosystem. The burnt SHIB tokens crossed over from the million range into billions in a single day, a dramatic shift miming the massive transaction boost the Shiba Inu ecosystem has been recording lately. As reported earlier by U.Today, Shibarium crossed the 27 million transaction benchmark in a dramatic shift that signifies massive rejuvenation for the protocol. With the latest burn rate figure, SHIB now has a total of 410,654,124,701,096 tokens taken out of circulation through condemnation into dead wallet addresses.
The dramatic shift in the burn rate is not currently impacting the price of Shiba Inu as the meme coin is experiencing a bearish correction after soaring as high as 6% in the previous trading session. At the time of writing, however, its price has dropped to $0.000009095, down 1.35% overnight.
The lack of correlation between the SHIB burn rate and the price is not uncommon, however, the decoupling is not expected to continue for much longer. Once the SHIB whales begin to price in the current deflationary stats, the impetus to renew their buying momentum might emerge and, as such, extend the impressive push with which it started the week.
#shibawhale #ShibaSurge #Shibarium #ShibaInuAI #BinanceTournament
$SHIB
Shiba Inu and XRP Lending Now Available on This Japanese Exchange🐕
SHIB and XRP Loan Details 🔑
Growing Popularity of SHIB and XRP🔥
Leading Japanese cryptocurrency exchange BitTrade has extended its support for XRP and Shiba Inu (SHIB).
According to an announcement yesterday, BitTrade added support for SHIB and XRP on its lending product. BitTrade said it had commenced the recruitment of rentable crypto assets for SHIB and XRP.
SHIB and XRP Loan Details
Notably, the exchange scheduled the loan period for each asset for 90 days, with a 2% fixed annual rate. In addition, users can loan a minimum of 100 XRP (worth $59.5 at press time) and a maximum of 500,000 XRP ($297,500).
The exchange set a minimum loan amount of 10 million SHIB ($80) for Shiba Inu tokens, and a maximum of 10 billion SHIB ($80,000) could be loaned.
It bears mentioning that BitTrade has been a major supporter of Shiba Inu and XRP. Prior to its recent announcement, the Japanese exchange had already enabled spot trading for both assets.
Meanwhile, BitTrade’s decision to add support for SHIB and XRP lending stems from the growing popularity of both assets, the announcement read.
It is common knowledge that SHIB and XRP are among the top crypto assets with vibrant communities. Enthusiasts behind these assets are always eager to declare their support for SHIB and XRP on social media platforms like X (formerly Twitter), thus drawing the attention of top crypto trading platforms.
While upcoming crypto assets pay to get listed on top exchanges, established coins like SHIB and XRP attract the attention of trading platforms due to their vibrant communities.
As reported earlier, Shiba Inu fans embarked on a campaign that prompted Robinhood, an American trading platform, to add support for SHIB. Although the XRP community has also embarked on a similar initiative, it is only a matter of time before Robinhood bows to pressure.
#BTC
#etf
#ETH
#XRPSurge
#shibawhale
$XRP $SHIB
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SHIB and XRP Loan Details 🔑
Growing Popularity of SHIB and XRP🔥
Leading Japanese cryptocurrency exchange BitTrade has extended its support for XRP and Shiba Inu (SHIB).
According to an announcement yesterday, BitTrade added support for SHIB and XRP on its lending product. BitTrade said it had commenced the recruitment of rentable crypto assets for SHIB and XRP.
SHIB and XRP Loan Details
Notably, the exchange scheduled the loan period for each asset for 90 days, with a 2% fixed annual rate. In addition, users can loan a minimum of 100 XRP (worth $59.5 at press time) and a maximum of 500,000 XRP ($297,500).
The exchange set a minimum loan amount of 10 million SHIB ($80) for Shiba Inu tokens, and a maximum of 10 billion SHIB ($80,000) could be loaned.
It bears mentioning that BitTrade has been a major supporter of Shiba Inu and XRP. Prior to its recent announcement, the Japanese exchange had already enabled spot trading for both assets.
Meanwhile, BitTrade’s decision to add support for SHIB and XRP lending stems from the growing popularity of both assets, the announcement read.
It is common knowledge that SHIB and XRP are among the top crypto assets with vibrant communities. Enthusiasts behind these assets are always eager to declare their support for SHIB and XRP on social media platforms like X (formerly Twitter), thus drawing the attention of top crypto trading platforms.
While upcoming crypto assets pay to get listed on top exchanges, established coins like SHIB and XRP attract the attention of trading platforms due to their vibrant communities.
As reported earlier, Shiba Inu fans embarked on a campaign that prompted Robinhood, an American trading platform, to add support for SHIB. Although the XRP community has also embarked on a similar initiative, it is only a matter of time before Robinhood bows to pressure.
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#ETH
#XRPSurge
#shibawhale
$XRP $SHIB
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🌟 Shiba Inu's Bright Future: A Whopping 1832% Growth Predicted by 2032 🚀
Hey, crypto enthusiasts! The Blockopedia here with some exciting news from the world of altcoins. Shiba Inu (SHIB), once a memecoin, now shows signs of a potential massive surge. Let’s delve into this bullish forecast.
📈 Shiba Inu's Staggering Growth Projection
DigitalCoinPrice, a key player in crypto analytics, has projected an eye-opening 1832% growth for SHIB by 2032. This optimistic forecast is a strong vote of confidence in Shiba Inu's longevity and potential in the crypto market. 💹
🔮 Tracing the Path to a Hefty Price Surge
This forecast isn't just about long-term growth; it's a journey marked with significant milestones. By 2032, SHIB is expected to soar to highs of $0.000170, shedding two zeroes from its current price. While Shiba Inu has faced challenges in dropping even one zero recently, this decade-long forecast leaves ample time for such a dramatic shift. 🌐
🌌 Short-Term Predictions: A 119% Growth by Year-End?
Interestingly, DigitalCoinPrice also anticipates a short-term rally for SHIB. By the end of this year, SHIB could reach as high as $0.0000192, implying a 119% growth from its current levels.
🤖 From Meme to Mainstream: Shiba Inu's Evolving Role
Shiba Inu is transitioning from its memecoin origins to a project with tangible utility, serving a growing community. This evolution has led more analytics platforms to believe in its long-term potential, spurring bullish price predictions. 🐕
🚀 A Future Not Just in Cents, But Beyond
Despite the bold forecast, DigitalCoinPrice doesn’t see SHIB breaking the 1-cent mark within this timeframe. However, another analytics platform, Telegaon, is even more bullish, predicting a surge to as much as 2 cents in the 2030 to 2040 period. 🎯
👀 For more intriguing updates and insights into the rapidly evolving world of cryptocurrencies, follow The Blockopedia! 💼🔥
#ShibaInuUpdate #shibawhale #crypto #cryptocurrency #crypto2023
Hey, crypto enthusiasts! The Blockopedia here with some exciting news from the world of altcoins. Shiba Inu (SHIB), once a memecoin, now shows signs of a potential massive surge. Let’s delve into this bullish forecast.
📈 Shiba Inu's Staggering Growth Projection
DigitalCoinPrice, a key player in crypto analytics, has projected an eye-opening 1832% growth for SHIB by 2032. This optimistic forecast is a strong vote of confidence in Shiba Inu's longevity and potential in the crypto market. 💹
🔮 Tracing the Path to a Hefty Price Surge
This forecast isn't just about long-term growth; it's a journey marked with significant milestones. By 2032, SHIB is expected to soar to highs of $0.000170, shedding two zeroes from its current price. While Shiba Inu has faced challenges in dropping even one zero recently, this decade-long forecast leaves ample time for such a dramatic shift. 🌐
🌌 Short-Term Predictions: A 119% Growth by Year-End?
Interestingly, DigitalCoinPrice also anticipates a short-term rally for SHIB. By the end of this year, SHIB could reach as high as $0.0000192, implying a 119% growth from its current levels.
🤖 From Meme to Mainstream: Shiba Inu's Evolving Role
Shiba Inu is transitioning from its memecoin origins to a project with tangible utility, serving a growing community. This evolution has led more analytics platforms to believe in its long-term potential, spurring bullish price predictions. 🐕
🚀 A Future Not Just in Cents, But Beyond
Despite the bold forecast, DigitalCoinPrice doesn’t see SHIB breaking the 1-cent mark within this timeframe. However, another analytics platform, Telegaon, is even more bullish, predicting a surge to as much as 2 cents in the 2030 to 2040 period. 🎯
👀 For more intriguing updates and insights into the rapidly evolving world of cryptocurrencies, follow The Blockopedia! 💼🔥
#ShibaInuUpdate #shibawhale #crypto #cryptocurrency #crypto2023
Shibarium Transactions Hit Jaw-Dropping Milestone, SHIB Price Reacts
Shibarium mega transaction rally tops 27 million amid general market resurgence
The crypto ecosystem is on a major rally today after Bitcoin (BTC) retested its highest price level for 2023. With Bitcoin trading at $41,675, many altcoin protocols have also seen a massive resurgence in their prices and activity. Shibarium is one of the key beneficiaries of this bullish market sentiment as data from Shibarium Scan shows it has pushed its total transaction count above 27,000,000.
Per the data, the Shiba Inu-based Ethereum Layer-2 scaling solution recorded a daily transaction count of 7.84 million, arguably the highest in a single day. Shibarium transactions have historically been flat until late November, and it recorded a parabolic shift with more than 700,000 transactions recorded in a day this year. Since then, there has been no slowing down, and the total transactions stealthily climbed to five million transactions and then the current figure of over seven million transactions.
One underlying theme in Shibarium transaction growth is consistency, as even at the point where only a few thousand transactions were recorded, neither the explorer nor the protocol cringed. That Shibarium is now handling far more of a load than when it was first created underscores the great engineering work done to scale the protocol at its second rebirth properly.
The positive transaction milestone of Shibarium has translated to a relatively large spike in the price of the Shiba Inu. At the time of writing, Shiba Inu is up 7.79% to $0.000009165 amid a triple-digit surge in trading volume to $466,454,876.
This impressive SHIB growth also trickled down to Bone ShibaSwap (BONE), the native token of Shibarium, which has soared by 10.02% to $0.7774. Whether or not this price level is sustained, that Shibarium transactions now number in the millions is a bullish development that can guide further investment activities.
#shibawhale #ShibaInuUpdate #shibaburn #Shibarium #CryptoScoop
$SHIB
Shibarium mega transaction rally tops 27 million amid general market resurgence
The crypto ecosystem is on a major rally today after Bitcoin (BTC) retested its highest price level for 2023. With Bitcoin trading at $41,675, many altcoin protocols have also seen a massive resurgence in their prices and activity. Shibarium is one of the key beneficiaries of this bullish market sentiment as data from Shibarium Scan shows it has pushed its total transaction count above 27,000,000.
Per the data, the Shiba Inu-based Ethereum Layer-2 scaling solution recorded a daily transaction count of 7.84 million, arguably the highest in a single day. Shibarium transactions have historically been flat until late November, and it recorded a parabolic shift with more than 700,000 transactions recorded in a day this year. Since then, there has been no slowing down, and the total transactions stealthily climbed to five million transactions and then the current figure of over seven million transactions.
One underlying theme in Shibarium transaction growth is consistency, as even at the point where only a few thousand transactions were recorded, neither the explorer nor the protocol cringed. That Shibarium is now handling far more of a load than when it was first created underscores the great engineering work done to scale the protocol at its second rebirth properly.
The positive transaction milestone of Shibarium has translated to a relatively large spike in the price of the Shiba Inu. At the time of writing, Shiba Inu is up 7.79% to $0.000009165 amid a triple-digit surge in trading volume to $466,454,876.
This impressive SHIB growth also trickled down to Bone ShibaSwap (BONE), the native token of Shibarium, which has soared by 10.02% to $0.7774. Whether or not this price level is sustained, that Shibarium transactions now number in the millions is a bullish development that can guide further investment activities.
#shibawhale #ShibaInuUpdate #shibaburn #Shibarium #CryptoScoop
$SHIB
Signal Long
SHIB/USDT
In spot only
Invest only 2% of your porfolio
Buying zone
0.00000906 - 0.00000750
Targets
🎯0.00001200
🎯0.00001350
🎯0.00001550
#shibawhale
#ShibaPriceAnalysys
#ShibaInvestment
SHIB/USDT
In spot only
Invest only 2% of your porfolio
Buying zone
0.00000906 - 0.00000750
Targets
🎯0.00001200
🎯0.00001350
🎯0.00001550
#shibawhale
#ShibaPriceAnalysys
#ShibaInvestment
How is Shiba coin today?
SHIBA INU's price today is US$0.00001001, with a 24-hour trading volume of $225.98 M. SHIB is +3.96% in the last 24 hours. It is currently -5.13% from its 7-day all-time high of $0.00001055, and 9.09% from its 7-day all-time low of $0.000009172. SHIB has a circulating supply of 589,326.42 B SHIB.#shibawhale #ShibaInuAI #shibaburn #Shibaprice #Shibaprice
Shiba Inu (SHIB) Breaks New Record, Here's Why It Matters.
Shiba Inu's new milestone holds this key significance
Dog-themed cryptocurrency Shiba Inu (SHIB) has set a completely brand new record, this time in its total number of addresses, which now stands at 3.67 million, per IntoTheBlock data.
Total addresses refer to those that were ever created and, at one point, held a particular crypto asset, including those that still do. This is significant in the long term since it may indicate an increasing holding base. The number of total addresses with a balance has also maintained steady growth, reaching 1.26 million. While the total number of addresses with a balance does not exactly correspond to the number of holders, it provides a useful approximation of the number of people who have a crypto asset. Similarly, in the long term, the total number of addresses with a balance indicates interest in holding and investing in a specific crypto asset.
According to IntoTheBlock data, Shiba Inu has reached new highs in its hodlers', or long-term holders', count. The proportion of this category of Shiba Inu holders is now 74%, the highest since its inception. The percentages of midterm and short-term holders are 24% and 2%, respectively.
#SHIBSurge #SHIBFuture #ShibaInuAI #ShibaInuUpdate #shibawhale
$SHIB $XRP $SOL
Shiba Inu's new milestone holds this key significance
Dog-themed cryptocurrency Shiba Inu (SHIB) has set a completely brand new record, this time in its total number of addresses, which now stands at 3.67 million, per IntoTheBlock data.
Total addresses refer to those that were ever created and, at one point, held a particular crypto asset, including those that still do. This is significant in the long term since it may indicate an increasing holding base. The number of total addresses with a balance has also maintained steady growth, reaching 1.26 million. While the total number of addresses with a balance does not exactly correspond to the number of holders, it provides a useful approximation of the number of people who have a crypto asset. Similarly, in the long term, the total number of addresses with a balance indicates interest in holding and investing in a specific crypto asset.
According to IntoTheBlock data, Shiba Inu has reached new highs in its hodlers', or long-term holders', count. The proportion of this category of Shiba Inu holders is now 74%, the highest since its inception. The percentages of midterm and short-term holders are 24% and 2%, respectively.
#SHIBSurge #SHIBFuture #ShibaInuAI #ShibaInuUpdate #shibawhale
$SHIB $XRP $SOL
Shiba Inu Sparks 1,079% Netflow Spike as SHIB Bulls Make Comeback.
Shiba Inu also seeing surge in inflows as SHIB bulls attempt comeback.
Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a massive surge in large-holder netflows, which is higher by a whopping 1,079%. Remarkably, all indicators of whale activity have been up in the last 24 hours.
Large Holders Netflow provides an idea of the change in positions of whales, or large holders. In short, spikes in netflow can be seen as accumulation from large players, while drops point to reduced positions or selling. Shiba Inu saw a sharp rise in whales' netflow, which surged from a figure of 286.31 billion SHIB on Dec. 10 to 4.68 trillion SHIB.
In the case of Shiba Inu, the surge in netflow might suggest accumulation from large holders, as SHIB saw a massive price drop on Dec. 11. Whales are typically known to use periods of price dips to buy at a discount. SHIB saw a sharp price drawdown in the prior day, dropping to lows of $0.00000915 from an intraday high of $0.00001015.
In the process, SHIB lost the much-acclaimed $0.000010 level, with bears even threatening further drops as the general crypto market reeled into profit-taking. At the time of writing, SHIB was still trading below the $0.00001 level, with bulls making frantic efforts to cover lost ground. SHIB is presently up by 1.21% in the last 24 hours to trade at $0.00000958.
Aside from a surge in large holders' netflows, Shiba Inu has seen a remarkable increase in large holders' inflow, which is higher by 430%, according to IntoTheBlock data.
In the previous day, crypto data tracker Whale Alert detected a move of 4.1 trillion SHIB, or 4,193,953,460,450 SHIB worth $40,823,942 at the time of its transfer to a whale wallet.
#ShibaSurge #shibawhale #SHIBSurge #SHIBFuture #CryptoScoop
$SHIB
Shiba Inu also seeing surge in inflows as SHIB bulls attempt comeback.
Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a massive surge in large-holder netflows, which is higher by a whopping 1,079%. Remarkably, all indicators of whale activity have been up in the last 24 hours.
Large Holders Netflow provides an idea of the change in positions of whales, or large holders. In short, spikes in netflow can be seen as accumulation from large players, while drops point to reduced positions or selling. Shiba Inu saw a sharp rise in whales' netflow, which surged from a figure of 286.31 billion SHIB on Dec. 10 to 4.68 trillion SHIB.
In the case of Shiba Inu, the surge in netflow might suggest accumulation from large holders, as SHIB saw a massive price drop on Dec. 11. Whales are typically known to use periods of price dips to buy at a discount. SHIB saw a sharp price drawdown in the prior day, dropping to lows of $0.00000915 from an intraday high of $0.00001015.
In the process, SHIB lost the much-acclaimed $0.000010 level, with bears even threatening further drops as the general crypto market reeled into profit-taking. At the time of writing, SHIB was still trading below the $0.00001 level, with bulls making frantic efforts to cover lost ground. SHIB is presently up by 1.21% in the last 24 hours to trade at $0.00000958.
Aside from a surge in large holders' netflows, Shiba Inu has seen a remarkable increase in large holders' inflow, which is higher by 430%, according to IntoTheBlock data.
In the previous day, crypto data tracker Whale Alert detected a move of 4.1 trillion SHIB, or 4,193,953,460,450 SHIB worth $40,823,942 at the time of its transfer to a whale wallet.
#ShibaSurge #shibawhale #SHIBSurge #SHIBFuture #CryptoScoop
$SHIB
Shiba Inu Sets Fire to Over Half Billion SHIB, Weekly Burn Rate Up 961%
Shiba Inu burns over half billion SHIB, boosting weekly burn rate by 961%
According to Shibburn, the Shiba Inu weekly burn rate is up 961.53%, as over half a billion SHIB were burned in this period.
In the past seven days, a total of 527,485,988 SHIB tokens were burned in 44 transactions. This amounted to $4430.88 in monetary terms.
The week before saw a paltry 49,691,122 SHIB tokens burned, the lowest in months. The daily SHIB burn rate is also seeing a 644.86% spike, with a total of 20,515,829 SHIB tokens burned in nine transactions in the last 24 hours.
Shiba Inu burns are on the rise as optimism grows in the Shiba Inu ecosystem. Shibarium has reached a new high of 7.4 million daily transactions. The Shiba Inu Layer 2 protocol had 5.1 million daily transactions the day prior, signifying a 500-fold increase from an average of 10,000 daily transactions. Following the massive surge in transactions, Shibarium reached the 20 million total transactions milestone, hitting 20,493,282 at press time, according to Shibariumscan.
#SHIBFuture #SHIBSurge #shibawhale #ShibaInuUpdate #CryptoScoop
$SHIB
Shiba Inu burns over half billion SHIB, boosting weekly burn rate by 961%
According to Shibburn, the Shiba Inu weekly burn rate is up 961.53%, as over half a billion SHIB were burned in this period.
In the past seven days, a total of 527,485,988 SHIB tokens were burned in 44 transactions. This amounted to $4430.88 in monetary terms.
The week before saw a paltry 49,691,122 SHIB tokens burned, the lowest in months. The daily SHIB burn rate is also seeing a 644.86% spike, with a total of 20,515,829 SHIB tokens burned in nine transactions in the last 24 hours.
Shiba Inu burns are on the rise as optimism grows in the Shiba Inu ecosystem. Shibarium has reached a new high of 7.4 million daily transactions. The Shiba Inu Layer 2 protocol had 5.1 million daily transactions the day prior, signifying a 500-fold increase from an average of 10,000 daily transactions. Following the massive surge in transactions, Shibarium reached the 20 million total transactions milestone, hitting 20,493,282 at press time, according to Shibariumscan.
#SHIBFuture #SHIBSurge #shibawhale #ShibaInuUpdate #CryptoScoop
$SHIB
Shiba Inu: Shibarium 5 Million Daily Transactions Generate Enthusiasm.
Shibarium sees six-fold increase in daily transactions, and BONE price gains 20%
Shiba Inu Layer-2 solution Shibarium saw a more than six-fold increase in daily transactions, which jumped from 748,230 on Nov. 30 to hit 5.1 million in the past day.
Shibarium saw a massive 583% spike in daily transactions, which set a new high on Dec. 1. The surge triggered enthusiasm across the board, given that all the while Shibarium daily transactions had flatlined between the 10,000 and 20,000 range.
Occasionally, the Shiba Inu Layer 2 witnessed a drop below the lower end of the range, falling below 10,000, and a few times exceeded the 20,000 range, surpassing 43,000 at one instance. Reacting to the recent massive spike in Shibarium transactions, Shiba Inu developer Kaal Dhairya tweeted excitedly: "Shibarium, you trooper, continues to do what it's built to do."
Shiba Inu team member Lucie draws attention to the positivity on X: "Shibarium transactions hitting new highs at 5.1 million daily transactions." Lucie highlights "increased traffic, soaring gas prices and more burn" on Shibarium while predicting that "the momentum is coming slowly but surely."
#SHIBSurge #SHIBFuture #shibawhale #shibaburn #ShibaInuAI
$SHIB $XRP $SOL
Shibarium sees six-fold increase in daily transactions, and BONE price gains 20%
Shiba Inu Layer-2 solution Shibarium saw a more than six-fold increase in daily transactions, which jumped from 748,230 on Nov. 30 to hit 5.1 million in the past day.
Shibarium saw a massive 583% spike in daily transactions, which set a new high on Dec. 1. The surge triggered enthusiasm across the board, given that all the while Shibarium daily transactions had flatlined between the 10,000 and 20,000 range.
Occasionally, the Shiba Inu Layer 2 witnessed a drop below the lower end of the range, falling below 10,000, and a few times exceeded the 20,000 range, surpassing 43,000 at one instance. Reacting to the recent massive spike in Shibarium transactions, Shiba Inu developer Kaal Dhairya tweeted excitedly: "Shibarium, you trooper, continues to do what it's built to do."
Shiba Inu team member Lucie draws attention to the positivity on X: "Shibarium transactions hitting new highs at 5.1 million daily transactions." Lucie highlights "increased traffic, soaring gas prices and more burn" on Shibarium while predicting that "the momentum is coming slowly but surely."
#SHIBSurge #SHIBFuture #shibawhale #shibaburn #ShibaInuAI
$SHIB $XRP $SOL
Shiba Inu enjoyed second straight month of gains following positive close in November.
Dog-themed crypto currency Shiba Inu (SHIB) is on course for its first golden cross since February, a sign of growing bullish momentum in which the daily simple moving average (SMA) 50 surpasses the daily SMA 200.
According to TradingView charts, at press time, Shiba Inu's daily SMA 50 at $0.00000796 has crossed marginally above the daily SMA 200 at $0.00000794. SHIB finished November in the green with gains of 6%, reaching levels above $0.0000097 last seen in August.
Shiba Inu enjoyed its second straight month of gains following a positive close in November, and the trend appears to be continuing. Shiba Inu is off to a good start in December, gaining 1.21% for the month.
A golden cross, frequently utilized by technical analysts, is regarded as an indication of a newly emerging bull market. This indication may trigger buying pressure from traders using SMA methods, resulting in larger price increases. However, moving averages are regarded as backward-looking indicators; thus, the golden cross signal only indicates that the market's short-term gains have outpaced its long-term gains. Nonetheless, most regard the golden cross as a sign of rising prices in the long run. Shiba Inu's November finished on a positive note, with fresh innovations debuting in the month. The Shiba Inu magazine was launched, with three issues now available.
In November, 273 transactions burned 1.3 billion (1,368,684,064) SHIB tokens. In the last 24 hours, 112,812,926 SHIB tokens were destroyed in three separate transactions. SHIB was up 1.32% in the last 24 hours to $0.00000833 at the time of writing.
#SHIBSurge #SHIBFuture #ShibaInuUpdate #shibawhale #ShibaInuAI
$SHIB
Dog-themed crypto currency Shiba Inu (SHIB) is on course for its first golden cross since February, a sign of growing bullish momentum in which the daily simple moving average (SMA) 50 surpasses the daily SMA 200.
According to TradingView charts, at press time, Shiba Inu's daily SMA 50 at $0.00000796 has crossed marginally above the daily SMA 200 at $0.00000794. SHIB finished November in the green with gains of 6%, reaching levels above $0.0000097 last seen in August.
Shiba Inu enjoyed its second straight month of gains following a positive close in November, and the trend appears to be continuing. Shiba Inu is off to a good start in December, gaining 1.21% for the month.
A golden cross, frequently utilized by technical analysts, is regarded as an indication of a newly emerging bull market. This indication may trigger buying pressure from traders using SMA methods, resulting in larger price increases. However, moving averages are regarded as backward-looking indicators; thus, the golden cross signal only indicates that the market's short-term gains have outpaced its long-term gains. Nonetheless, most regard the golden cross as a sign of rising prices in the long run. Shiba Inu's November finished on a positive note, with fresh innovations debuting in the month. The Shiba Inu magazine was launched, with three issues now available.
In November, 273 transactions burned 1.3 billion (1,368,684,064) SHIB tokens. In the last 24 hours, 112,812,926 SHIB tokens were destroyed in three separate transactions. SHIB was up 1.32% in the last 24 hours to $0.00000833 at the time of writing.
#SHIBSurge #SHIBFuture #ShibaInuUpdate #shibawhale #ShibaInuAI
$SHIB
Of all the Shiba Inu owners, 37% are making money
Since the beginning of the price surge one month ago, the profitability of the Shiba Inu holder has been steadily increasing. As a consequence of this consistent ascent, the cryptocurrency has reached a new 10-month high, which is one of the highest levels of holder profitability that has been observed in the last year combined.
The profitability levels of Shiba Inus have reached a new 10-month high, according to statistics from the on-chain data aggregator IntoTheBlock, which indicated that 37% of all Shiba Inu holders are in profit. At the moment, 37% of all investors are making a profit, which is a new high compared to the top of 31.84% that occurred in August.
As a result of the rise in the value of the SHIB token, which has increased from around $0.000007 to $0.00001 in the span of a month, this increase has occurred. While this is going on, the levels of profitability have increased from as low as 7.9% to 37%, which has resulted in a considerable number of SHIB holders being in a position to make a profit.
Despite the fact that there has been a significant increase in profitability, there are still a significant number of holders who are suffering losses on their SHIB holdings. A total of 770,480 wallets, which accounts for 58.93% of the total, are now holding at a loss, according to the data obtained by the tracker. The remaining portion of the holder base, which accounts for 3.98% of the total, or 52,990 addresses, is currently operating at a breakeven point. In other words, these addresses are holding tokens that were most recently transferred at a price that is substantially equivalent to the price at which the token is now being traded.
Similarly, the majority of investors are in the latter category, as indicated by the year-to-date average for those who have seen a profit and those who have seen a loss. A total of 936,470 addresses, which is equivalent to 73.94% of the total, are still in the red. There are 54,920 addresses that are sitting at the money, which is 4.33% of the total, while 274,520 addresses, which is 21.73%, are generating a profit.
The amount of resistance from bears throughout this time period has increased in tandem with the ascending profitability levels of Shiba Inus. The meme currency experienced a flash collapse on Monday, which caused it to lose its footing while it was trading above $0.00001 and sent it down to levels that were below the high resistance level.
Notwithstanding this, SHIB continues to exhibit further positive tendencies, particularly in light of the fact that the cryptocurrency market has rebounded from its flash crash. The fact that its volatility levels are still higher than fifty percent indicates that there is still a great deal of opportunity for the alternative cryptocurrency to make a positive rally. It has been noted by Bitcoinist that high volatility levels are always correlated with an increase in price, and the fact that these high levels are maintained demonstrates that bulls are committed to continuing to drive the price upward.
Between Saturday and Sunday, there was a more than one hundred percent rise in the number of significant deals completed by whales on SHIB. This demonstrates that whales are returning to the meme currency, and the increased activity that has been occurring might continue to support the price of the meme coin.
#SHIB #shibawhale #BullRun
The profitability levels of Shiba Inus have reached a new 10-month high, according to statistics from the on-chain data aggregator IntoTheBlock, which indicated that 37% of all Shiba Inu holders are in profit. At the moment, 37% of all investors are making a profit, which is a new high compared to the top of 31.84% that occurred in August.
As a result of the rise in the value of the SHIB token, which has increased from around $0.000007 to $0.00001 in the span of a month, this increase has occurred. While this is going on, the levels of profitability have increased from as low as 7.9% to 37%, which has resulted in a considerable number of SHIB holders being in a position to make a profit.
Despite the fact that there has been a significant increase in profitability, there are still a significant number of holders who are suffering losses on their SHIB holdings. A total of 770,480 wallets, which accounts for 58.93% of the total, are now holding at a loss, according to the data obtained by the tracker. The remaining portion of the holder base, which accounts for 3.98% of the total, or 52,990 addresses, is currently operating at a breakeven point. In other words, these addresses are holding tokens that were most recently transferred at a price that is substantially equivalent to the price at which the token is now being traded.
Similarly, the majority of investors are in the latter category, as indicated by the year-to-date average for those who have seen a profit and those who have seen a loss. A total of 936,470 addresses, which is equivalent to 73.94% of the total, are still in the red. There are 54,920 addresses that are sitting at the money, which is 4.33% of the total, while 274,520 addresses, which is 21.73%, are generating a profit.
The amount of resistance from bears throughout this time period has increased in tandem with the ascending profitability levels of Shiba Inus. The meme currency experienced a flash collapse on Monday, which caused it to lose its footing while it was trading above $0.00001 and sent it down to levels that were below the high resistance level.
Notwithstanding this, SHIB continues to exhibit further positive tendencies, particularly in light of the fact that the cryptocurrency market has rebounded from its flash crash. The fact that its volatility levels are still higher than fifty percent indicates that there is still a great deal of opportunity for the alternative cryptocurrency to make a positive rally. It has been noted by Bitcoinist that high volatility levels are always correlated with an increase in price, and the fact that these high levels are maintained demonstrates that bulls are committed to continuing to drive the price upward.
Between Saturday and Sunday, there was a more than one hundred percent rise in the number of significant deals completed by whales on SHIB. This demonstrates that whales are returning to the meme currency, and the increased activity that has been occurring might continue to support the price of the meme coin.
#SHIB #shibawhale #BullRun
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