Shiba Inu Meme Coin destruction rate increased by 459%

Over the past 24 hours, the burning rate of Shiba Inu has increased as the meme coin community resumed sending millions of SHIB tokens for burning.

Data from the Shiba Inu Shibburn burn tracker shows that 146,261,497 SHIB were sent to burn addresses by coin holders and removed from circulation. Five wallets took part in the destruction of tokens.

One wallet burned 100 million SHIB tokens in one transaction, another sent more than 30 million tokens to a dead address. As a result, the combustion rate increased by 459.57% in 24 hours.

It is believed that a reduction in the circulating supply of tokens could increase prices. Currently, more than 410 trillion SHIB tokens have been withdrawn from circulation.
Despite this, along with the price of Bitcoin, the price of Shiba Inu is declining.
#SHIB💥 #SHIBUSD #SHIB/USDT #Shiba.Inu-SHIB #BTCUSD
$SHIB $BTC

Shiba Inu forecast possible 400% growth due to zero decline

The Shiba Inu (SHIB) cryptocurrency has once again attracted interest from the crypto community as market data suggests a potential 400% increase in its value. Note that SHIB is currently trading at $0.000009376, showing red on both the daily and weekly charts.

However, talk about the possible growth of the meme token to the one cent mark does not stop.

The essence of the “zero drop” phenomenon The term “zero drop” or “eating zero” is a familiar concept for supporters of the SHIB cryptocurrency. This phenomenon occurs when the value of a meme coin drops by a decimal while simultaneously increasing in overall value. This trend has gained prominence during its surge in 2021.

Shiba Inu Price Forecast Finders analysts are trying to get a picture of Shiba Inu's growth trajectory. By their calculation, SHIB could witness a significant growth of 400% over the next 30 months from its current value of $0.000009962. The price maximum of $0.00004930 may be reached in 2025.
#SHIB💥 #SHIBUSD #SHIB/USDT #Shiba.Inu-SHIB #ShibaBurns
$SHIB

Shiba Inu (SHIB) fell back to support level: what next

Shiba Inu (SHIB) price declined and returned to the horizontal support area.

Like the weekly timeframe, the daily timeframe does not confirm the direction of the trend. This is due to price action and RSI.

The chart below shows that SHIB fell after failing to break through the ascending parallel channel resistance on December 17, 2023. After this, the price dropped inside the horizontal support area of ​​$0.0000093 and has been within it since then. Additionally, the daily RSI is below 50 and continues to fall.

If memcoin closes the day below $0.0000093, it could fall 20% to the channel support line at $0.0000080.

However, a strong rebound could trigger a 33% rise to the channel resistance line at $0.0000120.
#SHIB💥 #SHIBUSD #ShibaBurns #SHIBto1Cent #Shibaprice
$SHIB

Shiba Inu could get a big price boost thanks to PayPal integration

The dog meme-based cryptocurrency Shiba Inu (SHIB) could see a big boost in price thanks to its integration into the PayPal (NASDAQ:PYPL) payment system.

On May 2, the financial technology company MoonPay announced the start of cooperation with PayPal, thanks to which users of the service will be able to buy Shiba Inu, bitcoins, Ethereum (ETH), Solana (SOL) and dozens of other digital assets for fiat currency. In addition, through a partnership with MoonPay, PayPal customers will soon have the opportunity to sell digital assets. The new services are currently only available to US residents, but in the future they will be available to citizens of the UK and the European Union.

PayPal has more than 426 million active users, so adding Shiba Inu and other coins to the payment system could significantly increase the volume of cryptocurrency trading and increase their popularity. Demand for SHIB decreased sharply after the March pump, in connection with this the revival of tor
Govli will benefit the market.
#SHIB🔥🔥 #Shibarium #SHIBAINU #Shibalnu #SHIBUSD
$SHIB

Crypto whale withdrew 4.2 trillion Shiba Inu (SHIB) tokens from the exchange for $38 million

On January 19, 4.2 trillion Shiba Inu (SHIB) tokens, equivalent to approximately $38 million, were transferred from the Bitvavo exchange to an unknown wallet. The transaction, flagged as a Whale Alert, has sparked speculation about its purpose and the identity of the recipient.

The mentioned transfer from a crypto exchange to a private wallet may signal a desire to increase the safety of tokens in the absence of a desire to sell the meme coin.

This is not the first major token movement this year: on January 1, a transfer of 4.23 trillion SHIB for $44.45 million was recorded. It was preceded by transactions of 4.24 trillion SHIB ($44.64 million) on December 30, 4.25 trillion SHIB ( $44.91 million) on December 29 and SHIB 2.28 trillion ($23.58 million) from Binance to an anonymous wallet on December 26.

On the evening of January 19, according to CoinGecko, the price of SHIB fluctuated around the $0.00000917 level, showing a slight increase of 1%. Weekly figures remained in the red at 5.9%. SHIB's market capitalization was $5.44 billion with a 24-hour trading volume of $164 million.
#Shiba.Inu-SHIB #SHIB💥 #SHIB/USDT #ShibaBurns #SHIBUSD
$SHIB

📈LONG: $SHIB (1D)
#SHIBUSD | #SHIB | #ShibaInu

Analysis:
Observe the breakout from the descending triangle in SHIBA INU. With the Yen declining, Japanese investors turn to this coin for stability. Coupled with volume spikes, it indicates upcoming bullish moves. Interestingly, SHIBA INU could also hint at future XRP trends.

Price Targets:
If the bullish momentum sustains, the first target is around $0.00003000. Breaking this, SHIBA INU could surge towards $0.00006000 and potentially hit $0.00010000 in the coming months. Keep an eye on these key levels!
$SHIB #DYOR #LowestCPI2021

Shiba Inu (SHIB) hanging from the edge

The Shiba Inu is probably one of the most volatile assets in the cryptocurrency market. SHIB's price action has been particularly interesting lately as it is moving at a level consistent with the latest chart patterns. The token is currently at a key point, resting at the support level of the symmetrical triangle that has formed in recent weeks.

The symmetrical triangle is usually considered a continuation pattern, meaning it can break out in any direction following the consolidation it represents. For SHIB, this pattern was characterized by lower highs and higher lows converging to a point that suggested a significant price move was imminent. Trading volume during this period did not show a clear trend, increasing uncertainty regarding a potential breakout.
#ETFvsBTC #Shibalnu #Shibarium #SHIBUSD #news
$SHIB

The Shiba Inu team presented a major update to the Shibarium blockchain

The team behind Shibarium, Shiba Inu's tier-2 scaling solution, has announced a user interface update, describing it as "faster, smoother and more accessible than ever." Among other things, compatibility with popular non-custodial wallets such as MetaMask, Trust Wallet, Coinbase (NASDAQ:COIN) Wallet and others has been added.

We've redesigned the platform from the ground up, prioritizing user experience and speed,” the announcement reads.
The team emphasized that its efforts are aimed at making blockchain technology “more intuitive and powerful.”

Officially launched in August last year, the layer two solution aims to improve the scalability, efficiency and functionality of SHIB transactions. Recently, it has been marked by the achievement of important milestones, one of which is surpassing the 400 million transaction mark. In addition, the total number of blocks in the network exceeded 4 million.
#SHIB🔥🔥 #SHIBAINU #ShibariumBlockchain #SHIBUSD #Shibusdt
$SHIB

Shiba Inu ($SHIB USD) Experiences an Aggressive #BullishMomentum

Price Analysis: #SHIBUSD Bullish Trend Faces a Slight Pullback as it Prepares to Resume its Bullish Trend

SHIBUSD has experienced a decisive shift in momentum as the longstanding bearish trendline was breached, marking a potential reversal from its prolonged downtrend.

Previously, the price of SHIBUSD had been in a sustained bearish movement since forming a major high at the $0.00002640 supply level. During the downtrend, SHIBUSD breached the $0.00001620 level, before finding a temporary base at $0.00001230, where the decline halted, and price entered a consolidation phase.

#SHIB $SHIB "Super Diamond Trader" Sells Shiba Inu (SHIB)

According to blockchain analytics firm Lookonchain, a trader has managed to turn $2,625 into $1.1 million with the help of the Shiba Inu #SHIBUSD  cryptocurrency. 

The trader originally purchased roughly 48 billion SHIB tokens in February 2021. Back then, the meme coin was still an obscure project that very few cryptocurrency enthusiasts knew about. 

They have traded the SHIB tokens for 278.7 ETH, making a whopping 419x gain. 

The SHIB token managed to captivate the attention of the investment community back in October 2021 when it managed to briefly surpass rival Dogecoin by market capitalization. 

The Dogecoin rival is still down more than 70% from its current all-time high of $0.00008616 which was achieved back in October 2021. 

Despite failing to time the market with a higher degree of precision, the aforementioned trader seems to be content with the massive gains that they have made over these three years. The trader seems to be confident that SHIB does not have much bullish potential left.

SHIB's astronomic ascent turned some holders of the SHIB cryptocurrency into overnight millionaires and even billionaires. In 2021, a Shiba Inu wallet managed to turn just $8,000 into a whopping $5.7 billion. 

However, SHIB's performance has been rather underwhelming during this bull market cycle, and the altcoin field is becoming more crowded with each passing day. Some social media users have speculated that the trader might end up pivoting to some upstart meme coins that are currently gaining steam. 

As reported by U.Today, the meme coin season is currently in full swing, with multiple prominent meme coins posting double-digit gains. 

possible dump tomorrow
#SHIBUSD
Sl just above the last candle