Shiba Inu has surged 4% in the past 24 hours and has reclaimed $0.000019.

Dogecoin outperformed SHIB, skyrocketing 10.54% in the past day.

An analyst put a price target of $0.00008845 for SHIB in this cycle.

Shiba Inu (SHIB), the second-largest meme coin in the crypto space, may be poised for a breakout as the broader digital asset ecosystem recovers and attempts to reach new highs. Meanwhile, SHIB’s competitor Dogecoin (DOGE) has jumped a whopping 10.54% in the past 24 hours, outperforming its rivals.

As per CoinMarketCap data, Shiba Inu is currently stuck between $0.000011 and $0.000020 price levels, unable to turn the $0.000020 price level into support. The altcoin is trading at a massive discount of 79.01% from its all-time high of $0.00008845, which it reached in October 2021.

An X (formerly Twitter) analyst named “MauticBraham,” with over 120 followers, has predicted a target of $0.00008614 for Shiba Inu in the current cycle. If this prediction is correct, SHIB could see its value increase by almost four times.

$SHIB (request): There are better charts. This chart has formed a 3 wave move to the upside in 2021 and in 2024. The best interpret…

The post Shiba Inu (SHIB) Charts Suggest Potential for Larger Upward Diagonal appeared first on Coin Edition.

Shiba Inu (SHIB) is back on track after its burn rate picked up a massive surge for the second time. After igniting by over 14,000% on Oct. 14, the meme coin has soared further by 7,911%. With the latest burn rate surge, 281,888,884 SHIB were finally sent to dead wallets today.

What growing burn rate means

For Shiba Inu, the burn rate signifies many things. First, it shows the project's and community's commitment to deflating the excess supply. Second, it shows how healthy the protocol is in a given time period, as higher burn rates show positive sentiment on the market overall. 

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With the recent burn rate, Shiba Inu has increased the total burnt tokens to 410,731,181,056,899 SHIB. Drawing on this, the token’s circulating supply is now down to 583,538,056,599,858 SHIB.

HOURLY SHIB UPDATE$SHIB Price: $0.00001848 (1hr 0.49% ▲ | 24hr 2.95% ▲ )Market Cap: $10,899,437,428 (3.08% ▲)Total Supply: 589,268,826,146,838TOKENS BURNTPast 24Hrs: 281,888,884 (7911.12% ▲)Past 7 Days: 312,366,436 (1731.65% ▲)

— Shibburn (@shibburn) October 15, 2024

The biggest contribution to this burn rate comes from a wallet with the address "0xa9d…3e43." This community member burnt a total of 277 million SHIB.

The community remains committed to reducing this circulating supply so the price might gain appreciable value. The burn rate is typically pitched alongside price rallies, and for now, every Shiba Inu performance metric is in a positive range overall.

Price impact

Today, a general sentiment boost in the Shiba Inu ecosystem has impacted prices. At the time of writing, the SHIB price was changing hands for $0.00001837, up 1.87% in 24 hours. Notably, the token has seen mild growth over the past week in its attempt to breach the $0.00002 price level.

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While the "Uptober" rally has yet to form in the SHIB ecosystem fully, the price appears on track to retest new highs. Despite the recent failure to push toward the $0.00002 target, the positive burn rate might help it achieve this milestone if sustained.

A bold prediction from a SHIB team member suggests that the Shiba Inu price could skyrocket 1,000% in just three days, but the spotlight is shifting to ETFSwap (ETFS), an Ethereum token poised for an even more staggering 5,000% surge.

Analysts Bold Forecast: Shiba Inu Price Poised For A 1,000% Spike

A member of the SHIB team has recently made a hint that the Shiba Inu price could rise by 1,000% in just three days, demonstrating the SHIB’s potential for rapid expansion. 

The team member encouraged the community to keep calm by assuring Shiba Inu owners that the current Shiba Inu price decrease is only temporary. 

The SHIB team member has underlined that the Shiba Inu ecosystem is strong and ready to recover quickly, noting that in past bull runs, the Shiba Inu price has also experienced sharp price increases. 

At $0.000016, Shiba Inu’s price would reach $0.000203 if the anticipated 1,000% gain comes to true, breaking the record high of $0.00008845 recorded in October 2021. Despite being highly optimistic, a number of market experts have expressed their belief that the Shiba Inu price has the potential to reach such a spike, particularly during altcoin season.  

These Analysts attribute their confidence for the Shiba Inu price prediction to a number of variables, including a higher token burn rate, the implementation of staking mechanisms, and increased on-chain activity.

ETFSwap (ETFS): The Ethereum Token Positioned For A Staggering 5,000% Rise

The SHIB team member sees a revolutionary transformation in the way institutional and retail investors see exchange-traded funds (ETFs). The team member feels that by tokenizing ETFs, creating previously unheard-of demand, and increasing its value by an incredible 5,000%, ETFSwap (ETFS) is poised to take the lead in this revolution. 

ETFSwap (ETFS) makes trading ETFs easier for beginners in the cryptocurrency space with its easy-to-use interface. According to the SHIB team member, the platform improves trading experiences by offering substantial profit chances through 24/7 trading, which is a critical component leading to the projected 5,000% price surge. 

The easy integration of cryptocurrencies and ETFs makes ETFSwap (ETFS) a powerful competitor to digital assets like Shiba Inu (SHIB). Its minimal fees and safe structure allow traders of any level of skill to easily transfer assets across exchanges. 

Through its innovative ecosystem, ETFSwap (ETFS) exceeds expectations in liquidity and flexibility. The platform creates a positive trading environment that may help achieve the expected 5,000% price gain by facilitating smooth, non-expiry trading, something prior systems have struggled with.

ETFSwap (ETFS) further improves its legitimacy and stability by using tokenized assets backed by securities from respectable financial markets through agreements with MiCA-compliant investment businesses. 

The ETFSwap (ETFS) has also impressed the SHIB team member as it has obtained certifications from SolidProof and Cyberscope after KYC verification and smart contract audits respectively, attesting to the ecosystem’s safety and transparency for cryptocurrency investments. 

At $0.03846, investors are in a great position to acquire ETFSwap (ETFS) tokens ahead of the projected spike. The development team has been fine-tuning a beta trading platform that facilitates informed trading for users by providing high-reward liquidity pools, a real-time ETF price tracker, and staking possibilities. 

The AI-powered ETF screeners that ETFSwap (ETFS) will introduce in its next phase will include sentiment analysis, models for prediction, real-time data, and advanced analytics. These tools have the potential to increase investor trust and boost the token closer to its anticipated 5,000% breakout. 

Conclusion

The SHIB team member’s bold prediction is based on ETFSwap’s (ETFS) unique utilities that simplify ETF investing and its expected 5,000% breakthrough. Investors are rushing to ETFSwap’s (ETFS) final to join this historic rally that is set to outpace the expected 1000% surge of Shiba Inu price. 

The current presale round has raised over $1 million and sold over 21 million tokens in a month, exhibiting strong market demand. The SHIB team member sees this as a fantastic opportunity to maximize investment returns and secure your financial future with a 50% bonus on each transaction and a discounted price of $0.03846 on offer during the current presale round.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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🚨 The long-awaited Pi Network Mainnet launch is finally here, and the crypto world is buzzing with excitement. With price predictions ranging from $3 to a staggering $40, the hype is very real. Could Pi be the next major player in the crypto market, or are these price forecasts too optimistic? 👀

💡 Created by a team of Stanford PhDs, Pi Network allows anyone with a smartphone to mine Pi coins, making it one of the most accessible cryptocurrencies to date. With a massive global user base of over 35 million, many believe Pi could be the next breakout star. But as the Mainnet launch approaches, the key question remains: What will Pi’s price be once trading begins?

💥 Some are predicting a modest starting price around $3, which would allow for steady growth. Others are speculating prices could hit $40 or more, driven by Pi’s vision of building a decentralized ecosystem of apps and services. As global adoption looms, could Pi exceed expectations and join the ranks of the top cryptocurrencies? 🌐

⚡ However, Pi’s true value will hinge on supply, demand, and its utility. If a flood of users rush to sell their coins, prices could face downward pressure. But if the Pi ecosystem flourishes, the potential could be limitless. 🚀

Are you ready to ride the Pi wave? 🌊 Will it skyrocket, or will it fall short? Share your predictions and let’s see where Pi takes us!

#TrumpDeFi #MemeCoinTrending #USStockEarningsSeason #GrayscaleConsiders35Cryptos #BTCSurges67K

**Shiba Inu Coin: A Phenomenon in the Cryptocurrency World**

**Entrance**

In recent years, the cryptocurrency market continues to attract both investors and technology enthusiasts. One of the new projects that is overshadowed by giants such as Bitcoin and Ethereum is the Shiba Inu (SHIB) coin. First released in 2020, Shiba Inu quickly built a large community and gained remarkable popularity. In this article, we will take a comprehensive look at the origins, technology, influences and future of the Shiba Inu.