On the biggest cryptocurrency trading platform in the world, Shiba Inu (SHIB), a rival of Dogecoin (DOGE), is the top trending coin, closely followed by one of its biggest rivals.

The most popular cryptocurrency over the past seven days is Shiba Inu, followed by Floki Inu (FLOKI), another quickly rising meme coin that was initially created by tech tycoon Elon Musk.

Bone ShibaSwap (BONE), the native token of the Shiba Inu decentralized exchange (DEX), and Shibarium, the much anticipated layer-2 project for the Shiba Inu ecosystem, are both included on the list.

According to the exchange, Shiba Inu's trade page received the fourth-most visits on Binance in the previous month.

The FLOKI ecosystem has been humming in the wake of a vote to burn 5 trillion tokens, or about half its supply, while the Shiba Inu community waits for Shibarium.

A revised annual roadmap has also been made public by the team.

Even after a decline from recent highs, FLOKI has outperformed the rest of the cryptocurrency markets by a significant margin since opening in 2023. It has increased by 520% from January 1.

SHIB is currently trading at $0.000012, up 52% since January 1st and down 6% from the previous week.

#Binance #SHIB #floki #shibarmy

The number of Shiba Inu tokens held by large investors, or “whales,” dropped significantly on March 11, the day of the eagerly awaited public beta launch of Shibarium, also known as PuppyNet.

Finally, after much anticipation, Shiba Inu’s lead developer Shytoshi Kusama announced that the beta version of Shibarium is now available to the public. Kusama asserted that a massive, global, and decentralized community needed a decentralized Layer 2 network.

Some 251 trillion SHIB, excluding the dead address required for burning, are currently held by the biggest holders of the meme coin. More than a quarter of the first batch of offering and almost half of the total supply (not counting the burn address) are now held by just 14 people, who collectively possess the abovementioned figure.

40 Wallets Hold 122 Trillion Shiba Inu Tokens

Yet it’s not quite so easy when the same amount has also filled the purses of slightly smaller but nonetheless significant investors. Based on data by IntoTheBlock, there are currently 40 addresses holding 12.35%, or nearly 122 trillion SHIB, in this group.

Notably, these investors had 123.16 trillion SHIB in their holdings as of the end of the previous week before selling off some of their holdings and buying back 10 trillion Shiba Inu tokens on March 11.

To facilitate the generation and trading of digital assets in a safe and open environment, the Shibarium blockchain was developed. It’s secondary purpose is to lay the groundwork for creating decentralized software (dapps).

The first step of NOWNodes’ Shibarium Roadmap was also announced. On Twitter, the developer announced a pre-release form for Shibarium Mainnet node access.

Lesser Whales Scooping SHIB?

Meanwhile, several of the SHIB’s biggest backers (whales) have since abandoned the token in favor of alternative cryptocurrencies.

Data shows that SHIB whale holdings have decreased dramatically since November last year, suggesting that some of the highest holders of the token have lost faith in its growth plans.

At the time of writing, SHIB was trading at $0.00001008, losing nearly 10% of its value. The meme coin shed 0.2% in the last 24 hours, data from crypto market tracker Coingecko shows.

#SHIB #shibainu #shibarium #shibarmy #koinmilyoner

Shiba Inu layer-2 scaling solution Shibarium’s public beta is live in testnet form, dubbed puppynet. 

When Shibarium beta test is complete, the platform will open the ecosystem to custom tokens that can be traded using BONE to pay gas fees. 

Shiba Inu price made a comeback above the $0.00001034 level since lead developer Shytoshi Kusama’s announcement. 

Shytoshi Kusama, the lead developer of the second largest meme coin by market capitalization announced the launch of the public beta of the layer-2 scaling solution. Shiba Inu price started a recovery post the announcement of Shibarium’s launch. 

Shiba Inu scaling solution Shibarium public beta is live

Shiba Inu community’s long-awaited layer-2 scaling solution Shibarium’s public beta is live now. Lead developer Shytoshi Kusama announced the launch of the testnet for early users. 

The early beta testnet is called the puppynet and Kusama describes the scaling solution as a layer-2 blockchain that allows anyone to build dApps, integrate into in-real life businesses, and power projects with it. Shibarium is low cost, burns SHIB in the process, and is being adjusted as the beta test continues over the next few months.

Kusama shared a few key pointers with the SHIB army in the official blog post. Since SHIB token burn depends on the transactions in the network, the community can refer to the burnt SHIB chart on the burn portal. This is a part of the beta test for the scaling solution. 

All tokens on puppynet are NOT REAL. Kusama warned users against using their Shiba inu on the tokens. Since projects can apply to be part of the testnet, the lead developer was candid in stating that many projects may not survive and users should Do Your Own Research (DYOR). 

Shibarium testenet launch: Will it catalyze SHIB recovery or is it a sell-the-news event?

Following the announcement of the public beta, Shiba Inu price made a comeback above the $0.00001034 level, wiping out its recent losses. The meme coin has bullish potential and SHIB could begin its recovery. However, there are a large number of factors influencing crypto prices and sentiment among holders, including but not limited to the Silicon Valley Bank collapse, Silvergate FUD and inflationary pressures. 

#SHIB #shibainu #shibarium #shibarmy #koinmilyoner

The moment that the many fans of the highly popular meme-based cryptocurrency Shiba Inu ($SHIB) had been eagerly waiting for finally arrived yesterday (March 11).

Here is what Binance Academy says about Shiba Inu ($SHIB):

“Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain.

“SHIB is an ERC-20 token with a decentralized exchange called ShibaSwap. The SHIB roadmap and ecosystem also features an NFT art incubator called Shiba Artist Incubator, 10,000 ‘Shiboshi’ NFTs, and an NFT game Shiboshi Game.

“Shiba Inu had an initial circulating supply of 1 quadrillion tokens. Ryoshi locked 50% of the token in Uniswap to create liquidity and sent the other 50% to Ethereum co-founder Vitalik Buterin’s wallet. However, Vitalik decided to burn 90% of the coins and donate the remaining 10% to charity.“

Shibarium is a layer 2 blockchain designed to address the shortcomings of the $SHIB token’s host chain Ethereum, namely low speed and high transaction cost. Bone ShibaSwap ($BONE), according to the Shibarium team, is “the native token selected to pay for gas transactions and reward Validators and Delegators within the Shibarium protocol.” And fortunately for $SHIB HODLers, Shibarium burns $SHIB with every transaction, making $SHIB more scarce.

In a blog post published on Saturday (March 11), Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu project, announced the launch of PUPPYNET, which is what the Shibarium team is calling “the EARLY Beta Test of the Shibarium Network.”

Kusama wrote:

“Shibarium is a layer 2 blockchain that allows anyone to build DAPPS, integrate into IRL businesses, and power projects with it. It is low cost, burns Shib in the process, and is being adjusted as the beta test continues over the next few months.“

Anyone can play with this early public beta of Shibarium by visiting a new website that has been set up for this purpose.

And right at the end of his blog post, Kusama explained why the Shiba Inu team finds it ridiculous that some people seem to believe that Ryoshi, the pseudonymous founder of Shiba Inu, is SBF.

As of 11:02 a.m. UTC on March 12, $SHIB is trading around $0.0000103 (up 1.37% in the past 24-hour period), which gives it a reported market cap of $6.05 billion, making it the 14th most valuable cryptocurrency by market cap.

#SHIB #crypto2023 #shibarium #shibarmy #koinmilyoner

Shiba Inu has announced the development of its new metaverse on top of Shibarium, its highly anticipated Ethereum Layer 2 blockchain. This announcement marks a major milestone in the evolution of Shiba Inu, which has built a strong following thanks to its commitment to fully decentralized financial freedom.

The metaverse, called SHIB The Metaverse, will allow users to explore, create, trade, sell, and buy items, and live in a new world that rewards participation with various opportunities and experiences. The announcement was made by Shiba Inu’s Lead Developer, Shytoshi Kusama, who said, “Everything Shiba Inu does sets a new standard. SHIB The Metaverse will be no different.”

The preview version of SHIB The Metaverse was on full display at the SXSW event held from March 13-15, showcasing its capabilities through the WAGMI Hub, the first of 11 hubs in SHIB The Metaverse. The metaverse is focused on unifying the metaverse landscape, which is currently spread across multiple worlds that are mostly isolated from each other.

Through Shibarium, SHIB The Metaverse is designed to empower users to build digital businesses, bring in real-life businesses to the metaverse, build structures, homes, and even DeFi platforms inside. The new capabilities will also extend to gaming, with studios worldwide invited to develop in SHIB The Metaverse.

The announcement highlights the metaverse’s ability to leverage advanced cryptographic techniques, off-chain computation and storage, and other innovative solutions. This will provide a wide range of technical benefits, including increased throughput, reduced latency, lower fees, improved privacy and security, and greater flexibility and interoperability, which will help drive the next wave of blockchain and SHIB The Metaverse innovation.

Shiba Inu’s commitment to decentralization, personal financial freedom, and community has enabled it to build an ecosystem that includes digital assets, solutions, and other projects, including the ShibaSwap DEX. The Shibarium Layer 2 blockchain provides increased scalability, security, and innovation, which has enabled it to gain popularity among millions of holders worldwide.

Following recent bank failures in the United States, SHIB token bounces back with a 3% rise in value over the last day, currently priced at $0.00001137, indicating positive momentum. According to Coingecko’s data, SHIB’s market cap is approximately $6.7 billion. However, on March 10, SHIB plummeted to $0.0000097, coinciding with the crypto market’s total value dropping by $90 billion in less than 24 hours to $912 billion. The decline in value started after Silvergate Bank’s failure on March 3.

This article was republished from azcoinnews.com

#Shibainu #shibarium #shiba #shibarmy #shibmetaverse

Shiba Inu’s global adoption push continues, with the next stop likely being Toronto, Canada. While the destination is not mentioned in Shytoshi Kusama’s latest message, the short video revealed something else just as important.

Shytoshi’s tweet reads: “Wen is so last year. The real question is.. #WHERE?”. The mysterious leader of the Shiba Inu executive team is likely referring to the SHIB community repeatedly asking to give an exact date for Shibarium.

Indeed, the highly-anticipated Layer-2 scaling solution for Shiba Inu (SHIB) is slated for a Q3 of 2023 release, according to earlier statements from the team. Interestingly, rumors among the Shiba Inu community on Twitter suggest that SHIB Token’s team will be joining this year’s edition of the ETHToronto conference.

Destination Shibarium: Paying Homage To Buterin?

Based on the rumors on Twitter, Discord, and SHIB Army’s Subreddit, SHIB Token might be headed for Toronto for August 13th to 16th, 2023. Moreover, a full-on presentation of all Shiba Inu-related products shall introduce the audience to Shibarium.

The highly awaited L2 scaling solution solves a couple of issues for the two-year-old memecoin. Firstly, now it’s an ERC-20 token depending on the Ethereum (ETH) network. When the popular canine coin is transitioned to Shibarium, it will unlock certain new possibilities and opportunities:

Faster transactions, cheaper fees.

Shiba Inu auto-burning mechanism.

Scalability for dApps, games, NFTs.

With these advantages, Shiba Inu is set to roll out SHIB: The Metaverse, a digital world exclusively for Shiba Inu fans & the blockchain version of Shiba Eternity, a collectible card game. Ultimately, this would allow members of the SHIB Army to build and interact on a separate blockchain without the need to jump on Ethereum (ETH) first.

#daylicoin #shibaInu #shibarium #shiba #shibarmy

News from: Daylicoin

Shibburn reports that over 3.26 billion Shiba Inu tokens were burned in April 2023 across 125 transactions. These figures are lower than the total SHIB burns in March 2023, which was 6.78 billion SHIB tokens burned through 540 transactions.

The SHIB burn process involves sending Shiba Inu (SHIB) tokens to an address known as a “burn address.” This address is a designated address created to hold the tokens to be burned permanently.

The Shiba Inu community carried out these burn transactions to reduce the total supply of SHIB in circulation. Notably, a token’s scarcity sees demand higher than supply leading to a boost in price. Despite the high number of token burns, SHIB’s price is still declining.

Koyo Retains Top SHIB Burner Status From March 2023

Koyo (KYO) retains its top SHIB burner status for a second consecutive month burning a whopping 2.59 billion tokens. It burnt 6.15 billion SHIB tokens in March 2023 through multiple transactions.

The largest of its burn transactions in March was a transfer of 924.15 million SHIB to the dead wallet on March 17. Also, Koyo burned another 794.85 million tokens on March 28.

Koyo continued its aggressive burn rate in April 2023, sending 1.10 billion SHIB to the dead wallet on April 9. Also, Koyo followed up with another massive burn event on April 14, burning 1.49 billion SHIB tokens. 

The current price slump could be a temporary pullback due to the recent market downtrend. One thing that could change the trajectory of the price is the Shibarium upgrade, which is yet to be announced.

Shiba Archives said a top SHIB developer claimed the Shibarium upgrade would be here before May. However, the developer did not specify the year or give further information.

Notably, some SHIB community members reacted to the reduced burn rates in April 2023. A Twitter user, Macguy, stated that the developers don’t want to listen to the SHIB community‘s calls for more burns. He believes the burns are slow and dragged on purpose, announcing that he did his part by burning 10 million SHIB tokens. 

Shiba Inu Price Analysis

SHIB is in a downtrend today, dropping below its support level of $0.0000102. Also, it is trading below its 50-day and 200-day Simple Moving Averages (SMA), a bearish sentiment for the short and long term.

SHIB’s resistance levels are $0.0000118, $0.000012, and $0.0000113 as it is currently trading at $0.00000996. The Relative Strength Index (RSI) is at 36.26 and descending into the oversold region of 30. 

SHIB will likely experience further price decline in the coming days. However, the $0.00000973 support will prove critical and can act as a price pivot for a recovery.

#Binance #SHIB #shibainu #shibarium #shibarmy