SHIBA INU should focus on designing a relevant roadmap and future initiatives rather than old school scaling solutions.
It's 2023, not 2018. The scaling talks were back in the days and is now irrelevant as so much new innovative projects and solutions have came up in the blockchain.
Comment your thinking 🤔
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Crypto Stalkers
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🔅Shiba Inu (SHIB) Teases Major Updates with Cryptic Post:
In a recent enigmatic move, Shiba Inu (SHIB) has captured the attention of its community with a mysterious post featuring only three special characters—“4,” a newspaper headline, and a forward arrow sign with the word “soon.” While interpretations vary within the community, a prevalent assumption suggests the possibility of four significant updates approaching for the Shiba Inu ecosystem.
🔅The Long-Awaited Turnaround:
Shiba Inu embarked on the year with optimism, promising key milestones and developments. While it successfully launched Shibarium, its Layer-2 scaling solution, the anticipation has outpaced tangible value delivery. Despite consistent burn rates throughout the year, SHIB’s valuation has fallen by more than 10% since the year’s commencement. The protocol’s developers, however, remain committed to introducing new innovations, creating heightened expectations within the community. The recent cryptic post adds fuel to the anticipation, reigniting hopes for game-changing revelations that could reshape the Shiba Inu ecosystem.
🔅Current State and Price Outlook:
As of the latest update, SHIB price is at $0.00000809, reflecting a 4.86% decrease in the past 24 hours. The meme coin, while facing challenges in maintaining a positive trajectory, continues to attract attention from its dedicated community. Shiba Inu’s unique positioning in the market and the ongoing developments contribute to the speculation surrounding its potential for growth in the foreseeable future.
🔅 Conclusion:
Shiba Inu’s recent cryptic post has injected a renewed sense of excitement and anticipation into the community. With the promise of four significant updates on the horizon, the meme coin aims to reclaim its position in the market. The Shiba Inu ecosystem’s trajectory will undoubtedly be influenced by the successful implementation of these forthcoming developments, potentially sparking a new growth trigger for the project
Shiba Inu: New Crypto Whale Purchases 300 Billion SHIB 🐕 Besides Shiba Inu, The Crypto Whale Took in other Top Assets #ShibaInuUpdate
A new crypto whale has emerged, purchasing over $50 million in crypto assets. The whale, with the address marker ‘0x865’ has accumulated a total of $51.54 million in assets, according to Spot on Chain. Among the purchased crypto is approximately 300 billion Shiba Inu (SHIB).
This latest whale accumulation of SHIB is a surprising move, given that on-chain large transaction volume has reportedly dropped by 90% from its peak in early November. Some market watchers have taken this as a sign that the market is slowly moving away from Shiba Inu towards alternative crypto coins.
Furthermore, Shiba Inu has been in the red often over the past months. Reports have emerged that many holders of SHIB are at a loss. At press time, Shiba Inu is trading at $0.000008216.
Other than SHIB, the latest big crypto whale acquired other top cryptocurrencies. The whale acquired the assets in less than 24 hours, with 10,000 ETH (worth $20.3 million) coming in as the largest of the transactions. Additionally, the whale also transferred a total of 60,000 BNB worth $13.73 million from Binance.
Whale accumulation of Shiba Inu is crucial to help the crypto maintain upward trends. This latest move can be beneficial for SHIB, however, it may take more to keep the meme-coin’s momentum going forward.
Shiba Inu: AI Predicts SHIB Price For December 1, 2023
The Shiba Inu (SHIB) cryptocurrency has been a focal point of interest and speculation within the cryptocurrency community. As we approach Dec. 1, 2023, market observers are closely monitoring price fluctuations and potential trends. According to the most recent update, the Shiba Inu price has slightly decreased by 4.34% over the last twenty-four hours, settling at $0.00000807 on November 27. Additionally, the token has experienced a 3.7% decline over the past seven days, as indicated by market charts. Market Overview Despite the recent dip in Shiba Inu’s value, the market exhibits significant activity. The twenty-four-hour trading volume has notably surged, registering a 22.64% increase and reaching $189 million. This upswing in trading volume suggests heightened market activity and a potential surge in interest in SHIB. Cryptocurrency experts are preparing to share their projections for the SHIB price in December 2023. According to their analyses, the anticipated minimum trading cost for SHIB in December could be $0.00000712, indicating a potential lower limit for the cryptocurrency. Conversely, the projected maximum value might reach $0.00000923 during the same period. The average forecast hovers around $0.00000818, offering a middle-ground expectation for Shiba Inu’s value. End-of-November Predictions In the short term, Shiba Inu is anticipated to witness a 6% increase towards the conclusion of November. The meme coin is forecasted to end the month at $0.000008746. This modest upward trend suggests a potential recovery from the recent dip, aligning with the generally positive sentiment in the market.
December Commencement Predictions Transitioning into December, predictions indicate that Shiba Inu may start the month at $0.000008305, reflecting a 1% increase from the November closing value. This forecast suggests a modest but positive start for December, establishing a baseline for potential price movements throughout the month. In summary, Shiba Inu’s recent price movements, despite a short-term decrease, coincide with a significant surge in trading volume, indicating sustained market interest. As we approach Dec. 1, 2023, cryptocurrency experts project various possibilities, with a minimum expected value of $0.00000712, a maximum of $0.00000923, and an average of around $0.00000818. Additionally, short-term predictions point to a 6% rise by the end of November and a 1% increase at the beginning of December. It remains crucial for investors and enthusiasts to stay informed and monitor market developments as Shiba Inu continues to play a dynamic role in the cryptocurrency space. #news #SHIB
Solana (SOL) Exceeds $60 Again: Purchases Are Increasing!
With Bitcoin (BTC) breaking $ 38 thousand, #Solana (SOL), which exceeded $ 60, is trying to hold on to an important region.
If #BTC advances to $38,400, SOL, which pushes $62, has passed a critical threshold. Exceeding $60, which is an important level both psychologically and technically, increased buy-side transactions. The major coin, which has retreated from the first resistance level for now, seems to be able to continue its upward movement as long as it maintains its current area.
#SOL , which is traded at $60.64 as of the writing of the news, can move towards $63.91 - 68.30 and $72.07, respectively, as long as it sits above $61.86. In the bullish scenario, as much as the technical side is important, price movements in #BTC and developments regarding FTX will also have an important place. If BTC fails to hold above $38,000, SOL remains below $59.64, or a negative development from FTX regarding SOL will naturally shake the price of the coin. In such a case, there may be a decrease first to 58.11 dollars and then to 56.42 - 51.95 - 48.47 and 46.75 dollars respectively. $BTC $BNB $SOL
Cardano Faces Resistance at $0.40: What Lies Ahead for ADA Investors?
Cardano (ADA) is facing challenges in maintaining the $0.38 price level following its attempt to break through the $0.40 resistance.ADA shows signs of a bullish pennant pattern, indicating potential for continuation of its recent uptrend. Cardano’s Current Price Dynamics Cardano (ADA), a prominent player in the cryptocurrency market, is currently grappling with maintaining its position around the $0.38 mark. This development follows a recent correction from a high of $0.40, which has been a point of contention for market participants. A Rollercoaster Journey for ADA The recent price trajectory of ADA has been a rollercoaster. After experiencing a decline through most of October, Cardano hit a low of $0.2400 on October 19. However, this was followed by a notable upswing, as ADA surged 70% to reach $0.4097 by November 16. This rally brought a ray of hope to the bulls in the market. Despite this upward momentum, ADA’s breakthrough to the $0.40 level was met with strong resistance from bearish forces. This led to increased price volatility, with ADA frequently retesting the $0.40 threshold but failing to secure a stable position above it. Since November 18, ADA has been consolidating between $0.35 and $0.39, indicating a tug-of-war between the bulls and bears. The Path Ahead for Cardano In the current market climate, ADA is trading at $0.3799. It maintains a position above both the 50-day and 200-day Exponential Moving Averages (EMAs), indicative of a bullish momentum in both the short and long term. This positioning is a result of the 70% rally it experienced earlier. Moreover, ADA appears to be forming a bullish pennant structure amid its consolidation phase. This pattern, typically occurring during a pause in an uptrend, suggests that the previous upward trend might resume once the consolidation period concludes. Looking at potential support and resistance levels, ADA needs to defend against drops below the critical $0.3739 support level, which aligns with the Fibonacci 0.5 retracement. A fall below this level could lead ADA to the next support at Fibonacci 0.618, marked at $0.3653, with subsequent supports at $0.3530 and $0.3373. Conversely, on the upside, ADA faces immediate resistance at Fibonacci 0.382, currently at $0.3826. Breaking above this level could propel ADA to confront the next resistance point at $0.3933, moving closer to the elusive $0.40 mark. This analysis of Cardano’s price movement underscores the volatile and dynamic nature of cryptocurrency markets, where multiple technical indicators and market sentiments interplay to shape the asset’s trajectory. DISCLAIMER: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Cardano
🏅I am happy to share that I have joined the recent tournament offered by Binance. This tournament specific to Futures trading and there are tremendous set of prizes for all groups of user. 🏆
I have been into crypto space since past 2 years and I am sharing this with alacrity that finally I got my hands on trying futures. I had this perception in my mind that future trading is perplexing and quite risky as well. But, it was all a misconception in the back of my mind.
This recent tournament allowed me to participate as part of a team and also provided me an opportunity for rewards for trying out futures. And finally, I became intrepid and had all this trepidations removed from my thoughts.
I believe that people should try out all forms of trading whether it be Futures, Grid, Bot, etc. It opens up an immersive set of opportunities. At last I want to mention that markets can be volatile at times, so people should always be cautious while trading of all sorts and have a good research when putting money in projects rather getting delved into FOMO.
Please like, share and comment on this post. Hope to publish more experiences and blogs soon. ✌️
A very happy and prosperous Diwali 🪔 May god bless us with happiness, wealth and good health.
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CZ
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Wishing you and your loved ones a festival filled with joy, light, and prosperity. May the glow of diyas illuminate your path with happiness and success. May this Diwali bring warmth to your home and fill your heart with the spirit of love and kindness.
Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing
Heightened demand for block space on the Ethereum network has made transactional activity significantly more expensive for ether [ETH] users in the past 24 hours, data from Dune Analytics show.
Fees, as measured by median gas prices, spiked to as high as 270 gwei late on Thursday, temporarily touching a level last seen in June 2022. That pushed up costs of trading swaps to anywhere from $60 to $100 for a few hours. Gwei is a small unit of ether (ETH) equal to one-billionth of an ETH and is used to denominate gas prices. Gas refers to the fees Ethereum users pay to ensure their transactions are included in the earliest block by network validators.
As of writing, gas fees, used to pay for any activity on Ethereum, were 33 gwei, the highest since May. Ether transfers between wallets cost an average of $30 as of Asian morning hours on Friday.
The surge in fees came as investors discovered financial behemoth BlackRock had filed for an exchange-traded fund (ETF) that holds ether (ETH), months after its bitcoin ETF filing. This likely buoyed investor sentiment – as prices jumped as much as 10% to cross the $2,000 mark.
Ethereum validators are incentivized to include transactions that pay the highest fees instead of a first-come-first-serve basis – meaning fees on popular tokens can often run to thousands of dollars.
Nansen data suggests that on-chain activity has remained tepid relative to a more bullish period in 2022 – indicating retail audiences have been largely absent from on-chain trading.
“There is no inclination of on-chain activity increasing alongside it in terms of DAUs and newly funded addresses entering the Ethereum ecosystem,” Nansen analyst Jake Kennis shared in a Thursday message.
“This suggests that on-chain activity may be lagging price action here or that we are not seeing the on-chain follow-through that is normally seen with this type of increased market activity as of yet," Kennis added.
Are you excited for the upcoming reveal ? I am 🙋♂️ ⚡️📈⬆️
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Bitcoin Gurukul
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🚀 Exciting News Alert! Get Ready for Binance's Big Surprise on November 8th! 🚀
🌟 Unveiling the Future: #BinanceRevolution
The crypto world is buzzing with anticipation as Binance gears up for a monumental revelation on November 8th, 2023. Prepare for a revolution that will redefine the way we experience cryptocurrencies! #CryptoInnovation #DigitalRevolution
🚀 Sleek & Seamless: Your Enhanced Binance Experience Awaits!
Hold onto your hats as Binance unveils a revamped interface, designed for intuitive navigation. Seamlessly trade, invest, and explore a world of opportunities with confidence and ease! #UserFriendly #BinanceUpgrade
🌍 Global Domination: Binance's Ambitious Expansion Plans!
Binance is spreading its wings! Discover exciting news about Binance's expansion into new territories, bringing world-class crypto services to every corner of the globe. Get ready for unparalleled accessibility! #GlobalExpansion #BinanceWorld
💡 Innovation Unleashed: Explore New Financial Frontiers!
Prepare for mind-blowing financial products! Binance is set to introduce innovative investment opportunities, cutting-edge lending services, and revolutionary savings products. Your path to financial growth starts here! #CryptoInnovation
🔐 Next-Level Security: Your Assets, Fortified!
Your safety is our priority! Binance unveils state-of-the-art security features, ensuring lightning-fast, secure transactions. Experience advanced blockchain solutions and unmatched reliability. Your assets, your rules! #SafeTrading #CryptoSecurity
🤝 Empowering Communities: You're in Control!
Join the movement! Binance emphasizes community engagement. Participate in voting, shape governance mechanisms, and contribute to community-driven projects. Your voice matters. Together, we create the future of crypto! #CommunityDriven #BinanceCommunity
🌟 Witness History: Embrace the Crypto Revolution!
Mark your calendars and witness history in the making! Binance's big reveal on November 8th, 2023, is not just an announcement; it's a revolution. 🚀🌟 #BinanceAnnouncement