Shiba Inu (SHIB) and XRP have become some of the busiest assets on the Singapore-based Bitrue exchange this week, entering the top 10 most traded list.
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They join popular cryptocurrencies like Bitcoin, Solana, and Ethereum, indicating strong market activity and rising interest in these tokens.

XRP Futures Market Data Highlights

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According to Coinglass data, XRP saw a notable increase in futures volume this week, rising by 9.54% to reach $595.22 million across all exchanges. The open interest also slightly rose by 0.20%, totaling $622.97 million.
The long/short ratio over the past 24 hours stood at 0.9482, indicating a prevalence of short positions over long ones. This dominance is reinforced by XRP’s negative funding rate of 0.0157%.
Looking at liquidations, current data shows a total liquidation value of $204.33K for XRP. This includes $29.48K in short liquidations and $174.85K in long liquidations.

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The data underscores significant liquidation activity, with Bybit leading in long liquidations at $90.16K, followed by Binance with $49.16K. As of the latest update, XRP is trading at $0.5295, reflecting a slight decline of 1.32% in the past 24 hours.
Shiba Inu Futures Market Data Highlights
According to Coinglass data, Shiba Inu (SHIB) showed significant trading activity this week. The trading volume for SHIB increased by 17.81%, reaching $120.50 million. Open interest also surged by 10.95%, totaling $92.12 million.
In terms of trading positions, the long/short ratio over the past 24 hours was 0.8067, indicating a higher prevalence of short positions in the market.

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Liquidations for SHIB totaled $139.58K, with $111.21K in short liquidations and $28.37K in long liquidations. Notably, CoinEx recorded the highest short liquidations at $44.85K and the lowest long liquidations at $978. As of the latest update, SHIB is trading at $0.000025405.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ShibaInu #XRP #Memecoin #Argentina #EthereumETF $SHIB $XRP

Lucie, the official marketing lead of the Shiba Inu team known as Lucie on social media, recently tweeted a link to a new SHIB video on TikTok. Describing it as featuring an “epic” soundtrack, Lucie highlighted that the video carries an important message from the SHIB team to the Shiba Inu community.
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The video includes a voice message declaring, “To the ones who counted me out. To those who did not believe in me and those who left me for dead. I’m still here and I’m not quitting.”

Lucie Warns SHIB Community
Lucie, the official marketing lead of the Shiba Inu team, recently shared a screenshot on her X account featuring text from a recent SHIB TikTok video that proudly states, “It’s not a sprint, it’s a marathon.”

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Over the weekend, Lucie posted a critical warning to the SHIB meme coin community regarding the TREAT token. She clarified that TREAT, which is intended for reward payouts within the SHIB ecosystem, has not been launched yet.
Lucie also highlighted the presence of numerous imposters who are targeting the SHIB community. She advised members to rely on official sources like the X account for accurate information and cautioned against falling for scams, including fraudulent offers related to the unreleased TREAT coin.

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#Shibarium Ecosystem reward token – $TREAT – @treatsforShib IS NOT LAUNCHED YET.There are many impostors targeting #SHIBARMY to cause confusion. Please follow the legitimate Twitter account to get the right information.— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) May 24, 2024

Fake accounts discovered on platforms such as Telegram have prompted Lucie and other SHIB team members to raise awareness about these deceptive activities.

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SHIB Community Burns Meme Coins
According to data from the Shibburn explorer, the SHIB community has aggressively burned a significant amount of meme coins within the past 24 hours. A total of 7,128,803 canine meme coins were burned, resulting in a substantial 207.23% increase in the overall burn rate.
When tokens are “burned,” they are transferred to unspendable blockchain addresses where they remain permanently locked. This process effectively reduces the circulating supply of Shiba Inu (SHIB), aiming to increase its scarcity over time with the ultimate goal of driving up its price.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ShibaInu #Dogecoin #Memecoin #EthereumETF #Trump $SHIB $DOGE $BTC

Crypto analyst Ashish recently presented a bullish outlook for Shiba Inu (SHIB) on TradingView, predicting a significant price increase in the coming months. This prediction follows SHIB’s breakout from a prolonged consolidation pattern that lasted nearly two years.
Before December 2023, Shiba Inu had been trading within a consolidation pattern since May 2022. This pattern was characterized by restricted price movement, with a descending trendline as a barrier to upward price action. In December 2023, Ashish anticipated a breakout from this consolidation, suggesting a potential reversal in SHIB’s price trajectory.
His analysis seemed accurate, as SHIB breached the trendline in late December. However, the following months witnessed significant volatility. The price initially dipped into an accumulation zone before surpassing the $0.000011 mark in late December.
This climb solidified the breakout, but SHIB consolidated around $0.00001 for weeks before a correction sent it below this level. However, a turnaround followed in late February, with a remarkable surge of almost 400% that extended into early March. This uptrend culminated in a yearly high of over $0.00004 on March 5. Notably, this peak significantly exceeded Ashish’s initial breakout target.
Price Predictions and Supporting Indicators
Following the March correction, Ashish established new average buying zones between $0.000022 and $0.000025. Now with the formation of a bullish flag pattern on the 1-hour chart, Ashish anticipates a potential second leg up for SHIB. This flag pattern suggests a continuation of the previous uptrend.
Other analysts share similar optimism. In a recent post, prominent crypto analyst Ali (@ali_charts) spotted a bullish flag and predicted a surge that could send SHIB to $0.000072323. Other analysts have set higher targets for the meme coin based on varying technical indicators, and the consensus is that SHIB is on the verge of a massive rally.
Shiba Inu’s Future and Supporting Factors
Ashish maintains his prior prediction of a 600% upswing for SHIB. This would translate to a price target near $0.000075. This target is a little above Ali’s target, and just below SHIB’s all-time high of $0.00008845.
Recent developments, like Coinbase’s announcement of SHIB futures trading for institutional investors, have contributed to a renewed interest in the cryptocurrency. This surge in interest could further bolster the possibility of the anticipated second leg up.
SHIB is trading at $0.0000248, showing a modest 1.44% increase over the past 24 hours. However, a legendary trader recently predicted a 508% surge for SHIB, and it is only a matter of time before the meme coin starts climbing.
⚠️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.
#ShibaInu #SHIB

Shiba Inu (SHIB), a meme-inspired cryptocurrency derived from the popular “Doge” internet meme, has experienced significant growth in 2024. Despite a recent slowdown, SHIB boasts a market capitalization exceeding $14 billion and a price increase of nearly 150% year-to-date. This momentum has sparked discussions about the cryptocurrency’s future potential.
Long-Term SHIB Price Predictions
Analysts have issued a range of predictions regarding SHIB’s price trajectory in the coming years. We have a forecast from Telegaon that optimistically suggests a price target of $0.055 (or a minimum of $0.054) by 2040.
If achieved, it would represent a staggering increase of over 210,000% from SHIB’s current price. It’s important to acknowledge that such a significant rise is highly speculative and hinges on lots of unforeseen factors.
Another platform utilizing advanced AI algorithms provides a more conservative forecast. Their analysis predicts SHIB to reach $0.000289 by 2040, reflecting a more modest but still substantial gain of over 1,000% from its current value.
Current SHIB Price Analysis
According to CoinMarketCap data, SHIB currently trades at $0.00002437. The token has experienced a slight decline in the past 24 hours and faces resistance at $0.00002782, hindering further upward movement.
Technical analysis indicators offer some insights into SHIB’s potential future movement. The current price sits above both the 200-day simple moving average (SMA) of $0.000016732 and the 50-day SMA of $0.000024588.
This is generally considered a bullish sign, suggesting a potential for continued price increases in the near term. However, the 14-day relative strength index (RSI) sits at 49.65, indicating a neutral zone. This implies that SHIB is neither oversold nor overbought at present.
While the long-term viability of reaching exceptionally high prices remains uncertain, SHIB’s current technical indicators suggest the potential for near-term growth.
It is important to know that the cryptocurrency market is inherently volatile and prone to unexpected shifts. While long-term predictions offer a glimpse into potential future scenarios, they should be approached with caution.
A timeframe of 16 years presents a significant span, and unforeseen technological advancements, regulatory changes, and broader market trends could significantly impact SHIB’s price trajectory. As the cryptocurrency market evolves, continued observation and analysis will be crucial in understanding SHIB’s future potential.
⚠️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.
#ShibaInu #SHIB