SHib
199.9M views
53,219 Posts
Jump into the vibrant world of #SHIB! Explore the thriving Shiba Inu community, where innovation meets investment. Whether you're following SHIB's latest trends or diving into its expansive ecosystem, there's always something exciting to discover. Connect with fellow enthusiasts, share insights, and stay updated with #SHIB. Join the conversation and be part of the movement!
Hot
Latest
Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz
Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz
#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz
Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz
#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB
SHIB/USDT Technical Analysis ✅trade time 🚨🚀
$SHIB $SHIB
✨📈SHIB/USDT Technical Analysis
Current Market Overview
Price: $0.00002478 (+2.02%)24h High: $0.0000257724h Low: $0.0000239124h Volume (SHIB): 8.71 trillion24h Volume (USDT): $215.94M
Key Levels
Support Levels
Immediate Support: $0.00002425 (recent dip zone).Key Support: $0.00002390 (24h low, strong support).Critical Support: $0.00002350 (historical support).
Resistance Levels
Immediate Resistance: $0.00002529 (recent high).Key Resistance: $0.00002577 (24h high, breakout level).Extended Resistance: $0.00002650 (psychological barrier).
🤑Trading Strategy
Bullish Scenario
If the price breaks above $0.00002529, potential targets:
Target 1: $0.00002577Target 2: $0.00002650Extended Target: $0.00002700
Bearish Scenario
If the price drops below $0.00002425, expect potential levels:
Target 1: $0.00002390Target 2: $0.00002350Extended Target: $0.00002300
Stop-Loss Recommendations
For Long Positions: Below $0.00002400For Short Positions: Above $0.00002580
Indicators to Monitor
Moving Averages:MA(7): $0.00002468 (acting as a pivot).MA(25): $0.00002477 (currently aligning with price).RSI: Ensure RSI does not enter overbought territory (>70) before entering longs. #SHIBAUSDT #SHib #COSSocialFiRevolution #BTCBreaks100K? #CryptoAMA
✨📈SHIB/USDT Technical Analysis
Current Market Overview
Price: $0.00002478 (+2.02%)24h High: $0.0000257724h Low: $0.0000239124h Volume (SHIB): 8.71 trillion24h Volume (USDT): $215.94M
Key Levels
Support Levels
Immediate Support: $0.00002425 (recent dip zone).Key Support: $0.00002390 (24h low, strong support).Critical Support: $0.00002350 (historical support).
Resistance Levels
Immediate Resistance: $0.00002529 (recent high).Key Resistance: $0.00002577 (24h high, breakout level).Extended Resistance: $0.00002650 (psychological barrier).
🤑Trading Strategy
Bullish Scenario
If the price breaks above $0.00002529, potential targets:
Target 1: $0.00002577Target 2: $0.00002650Extended Target: $0.00002700
Bearish Scenario
If the price drops below $0.00002425, expect potential levels:
Target 1: $0.00002390Target 2: $0.00002350Extended Target: $0.00002300
Stop-Loss Recommendations
For Long Positions: Below $0.00002400For Short Positions: Above $0.00002580
Indicators to Monitor
Moving Averages:MA(7): $0.00002468 (acting as a pivot).MA(25): $0.00002477 (currently aligning with price).RSI: Ensure RSI does not enter overbought territory (>70) before entering longs. #SHIBAUSDT #SHib #COSSocialFiRevolution #BTCBreaks100K? #CryptoAMA
WHAT NEXT MOVE 🤔🎯📈📢TARGETS KEYLEVEL AND STOP-LOSS 🔥🔥🔥🔥
$SHIB $SHIB $SHIB
SHIB/USDT, here is an analysis of the key levels and potential trading strategy:
Key Levels
Current Price: 0.00002512 USDT24h High: 0.00002794 USDT24h Low: 0.00002397 USDTSupport Level: 0.00002397 USDT (recent low, indicating support).Resistance Level: 0.00002794 USDT (recent high, acting as resistance).
Target Levels
First Target: 0.00002794 USDT – This is the immediate resistance level. If SHIB can break above this level, further upside could be expected.Second Target: 0.00002822 USDT – A slightly higher resistance level if the price surpasses the first target.
Stop-Loss Level
Stop-Loss: 0.00002309 USDT – Placing the stop just below the recent support level to protect from further downside if the price drops.
Trend Analysis
Price Change: +2.66% in the last 24
#USInflationAboveTarget #shiba⚡ #SHIBAUSDT #SHib CryptoWatchMay2024 #BTCBreaks93k
SHIB/USDT, here is an analysis of the key levels and potential trading strategy:
Key Levels
Current Price: 0.00002512 USDT24h High: 0.00002794 USDT24h Low: 0.00002397 USDTSupport Level: 0.00002397 USDT (recent low, indicating support).Resistance Level: 0.00002794 USDT (recent high, acting as resistance).
Target Levels
First Target: 0.00002794 USDT – This is the immediate resistance level. If SHIB can break above this level, further upside could be expected.Second Target: 0.00002822 USDT – A slightly higher resistance level if the price surpasses the first target.
Stop-Loss Level
Stop-Loss: 0.00002309 USDT – Placing the stop just below the recent support level to protect from further downside if the price drops.
Trend Analysis
Price Change: +2.66% in the last 24
#USInflationAboveTarget #shiba⚡ #SHIBAUSDT #SHib CryptoWatchMay2024 #BTCBreaks93k
#SHib #SHIB💥 📈📈 Burn Rate: 161785.47%▲
Last 24hrs more (8,591,716,974 $SHIB )
wat will be next ?
$0.01 Star ?
#Shibaprice
Last 24hrs more (8,591,716,974 $SHIB )
wat will be next ?
$0.01 Star ?
#Shibaprice
#BTC 4hr chart closing red indicating slow down trend. all ALTs #SOL #SHib #ETH following the same trend.
Beware before opening long positions .
#bitcoinhalving Short season is about to start.
Beware before opening long positions .
#bitcoinhalving Short season is about to start.
Investor Turns $2,625 into $1.1 Million with Shiba Inu
Investor Turns $2,625 into $1.1 Million with Shiba Inu
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
In the cryptocurrency market, inspiring stories continue to emerge with the rise of Bitcoin.
A long-term Shiba Inu owner managed to turn a $2,625 investment into over $1.1 million after holding for more than three years.
The patient Shiba Inu owner achieved a return of over 419 times their initial investment within three years.
Another Investor Becomes a Millionaire
The experienced investor was first discovered by blockchain data analysis firm Lookonchain, as shared in a May 27 X post:
“The super diamond investor finally sold their SHIB assets for profit after being inactive for 3.5 years.
On February 1, 2021, they spent 2 Ethereum, worth $2,625 at the time, to buy 48.09 billion SHIB and sold it for $1.1 million, marking a 419-fold gain.”
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#ShibaInu #SHib #Bitcoin #Ethereum $SHIB $BTC $ETH
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
In the cryptocurrency market, inspiring stories continue to emerge with the rise of Bitcoin.
A long-term Shiba Inu owner managed to turn a $2,625 investment into over $1.1 million after holding for more than three years.
The patient Shiba Inu owner achieved a return of over 419 times their initial investment within three years.
Another Investor Becomes a Millionaire
The experienced investor was first discovered by blockchain data analysis firm Lookonchain, as shared in a May 27 X post:
“The super diamond investor finally sold their SHIB assets for profit after being inactive for 3.5 years.
On February 1, 2021, they spent 2 Ethereum, worth $2,625 at the time, to buy 48.09 billion SHIB and sold it for $1.1 million, marking a 419-fold gain.”
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#ShibaInu #SHib #Bitcoin #Ethereum $SHIB $BTC $ETH
#SHib coin start pumping within a day as I predicted and can be reached up to 0.000030 to 0.000035.
Now you can buy in spot , future trading is risky if don't know about strik analysis .
Follow for more latest updates and signal 🚥🚦
#EarnFreeCrypto2024 #altcoins #BinanceLaunchpool #SHIBAUSDT $SHIB $BTC $BNB
Now you can buy in spot , future trading is risky if don't know about strik analysis .
Follow for more latest updates and signal 🚥🚦
#EarnFreeCrypto2024 #altcoins #BinanceLaunchpool #SHIBAUSDT $SHIB $BTC $BNB
#shib coin will pump or dump
Shib coin break out from the triangle 📐 and also come back for retesting ,now the price is fluctuate and according to my analysis will pump within few days .
Now the buying and selling pressure are same ,after some difference shib will pump soon .
Don't forget to write your opinion in comment section .
Follow for more 🤑🥰💰📈
$SHIB $BTC $SOL #EarnFreeCrypto2024 #btc #Megadrop
Shib coin break out from the triangle 📐 and also come back for retesting ,now the price is fluctuate and according to my analysis will pump within few days .
Now the buying and selling pressure are same ,after some difference shib will pump soon .
Don't forget to write your opinion in comment section .
Follow for more 🤑🥰💰📈
$SHIB $BTC $SOL #EarnFreeCrypto2024 #btc #Megadrop
Dear Respected Traders, we hope this communication finds you well.
we are convening a discussion focused on
#SHib CryptoWatchMay2024
THE Decending Triangle Pattern Breakout Has Already Done V
So,1 Expect a Bullish Move of 50% In Coming Days %
#shiba⚡ #CryptoNewsCommunity #ETHETFS #bullrun2024📈📈
we are convening a discussion focused on
#SHib CryptoWatchMay2024
THE Decending Triangle Pattern Breakout Has Already Done V
So,1 Expect a Bullish Move of 50% In Coming Days %
#shiba⚡ #CryptoNewsCommunity #ETHETFS #bullrun2024📈📈
CAN start Premium GROUP????
What's Ur opinion???
ITS paid..
BCZ
I didn't Receive any OUTPUT 😔😔😔😔😔😔.#TrendingTopic #Writer2Earn
#SHib #CKB
What's Ur opinion???
ITS paid..
BCZ
I didn't Receive any OUTPUT 😔😔😔😔😔😔.#TrendingTopic #Writer2Earn
#SHib #CKB
Investor Turns $2,625 into $1.1 Million with Shiba Inu
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
In the cryptocurrency market, inspiring stories continue to emerge with the rise of Bitcoin.
A long-term Shiba Inu owner managed to turn a $2,625 investment into over $1.1 million after holding for more than three years.
The patient Shiba Inu owner achieved a return of over 419 times their initial investment within three years.
Another Investor Becomes a Millionaire
The experienced investor was first discovered by blockchain data analysis firm Lookonchain, as shared in a May 27 X post:
“The super diamond investor finally sold their SHIB assets for profit after being inactive for 3.5 years.
On February 1, 2021, they spent 2 Ethereum, worth $2,625 at the time, to buy 48.09 billion SHIB and sold it for $1.1 million, marking a 419-fold gain.”
#ShibaInu #SHib #Bitcoin #Ethereum $SHIB $BTC $ETH
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
In the cryptocurrency market, inspiring stories continue to emerge with the rise of Bitcoin.
A long-term Shiba Inu owner managed to turn a $2,625 investment into over $1.1 million after holding for more than three years.
The patient Shiba Inu owner achieved a return of over 419 times their initial investment within three years.
Another Investor Becomes a Millionaire
The experienced investor was first discovered by blockchain data analysis firm Lookonchain, as shared in a May 27 X post:
“The super diamond investor finally sold their SHIB assets for profit after being inactive for 3.5 years.
On February 1, 2021, they spent 2 Ethereum, worth $2,625 at the time, to buy 48.09 billion SHIB and sold it for $1.1 million, marking a 419-fold gain.”
#ShibaInu #SHib #Bitcoin #Ethereum $SHIB $BTC $ETH
Hello Long trem trader now I have a big news for you the price of $SHIB is now Down 👎0.00001699 but after this price this coin 🪙 is very up ok so traders now sell and make same profit and the price is 0.00001699 then buy and make big profit ok please follow me I give you best news#SHIBAUSDT #Shibainuholder #BNBChainMemecoins #shiba⚡
$SHIB As of today, **SHIB (Shiba Inu)** appears to be in a **bearish** sentiment, primarily driven by market fluctuations and the broader cryptocurrency landscape. Here are the updates:
- **Current Price:** $0.00001880
- **Sell Price Target:** $0.00001750 (to minimize losses if the trend continues downward)
- **Buy Price Target:** $0.00001950 (for potential rebounds if market conditions improve)
### Analysis:
1. **Market Sentiment:** The overall market sentiment is cautious, which may lead to selling pressure on SHIB.
2. **Technical Indicators:** A bearish trend may be indicated by moving averages and recent price action, suggesting a potential further decline.
It's important to monitor market news and price movements closely, as conditions can change rapidly.
$SHIB
#shiba⚡ #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 #SHIBAUSDT
- **Current Price:** $0.00001880
- **Sell Price Target:** $0.00001750 (to minimize losses if the trend continues downward)
- **Buy Price Target:** $0.00001950 (for potential rebounds if market conditions improve)
### Analysis:
1. **Market Sentiment:** The overall market sentiment is cautious, which may lead to selling pressure on SHIB.
2. **Technical Indicators:** A bearish trend may be indicated by moving averages and recent price action, suggesting a potential further decline.
It's important to monitor market news and price movements closely, as conditions can change rapidly.
$SHIB
#shiba⚡ #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 #SHIBAUSDT
$SHIB Shiba Inu (SHIB) is showing mixed signals today, with the price regaining some momentum after recent dips in early October. Despite trading below its September high, SHIB has bounced back over key support levels, such as $0.0000145, indicating potential short-term bullishness. However, the long-term trend remains uncertain, as the current upward movement could be part of a corrective wave rather than a sustained rally.
Technical indicators like the RSI and MACD are leaning bullish, but SHIB must break through the $0.0000283-$0.0000325 resistance range to confirm a stronger upward trend.
#shiba⚡ #SHIBAUSDT #SHib CryptoWatchMay2024 #shibabullbear
Technical indicators like the RSI and MACD are leaning bullish, but SHIB must break through the $0.0000283-$0.0000325 resistance range to confirm a stronger upward trend.
#shiba⚡ #SHIBAUSDT #SHib CryptoWatchMay2024 #shibabullbear
Shiba Inu Burn Rate Surges 6750%, SHIB Community Vouch for $0.01 Price Target
The renowned dog-themed meme crypto SHIB has once again fueled optimism among crypto market traders globally, recording a remarkable surge in the Shiba Inu burn rate on Wednesday. Latest burn data suggests that nearly 27 million coins were taken out of the supply, igniting market optimism surrounding the meme coin’s future movements. Additionally, it’s noteworthy that the SHIB community vouched for a $0.01 price target previously, adding optimism surrounding the coin’s future movements in light of recent developments.#shiba⚡ #Shibainuholder #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 $SHIB
The renowned dog-themed meme crypto SHIB has once again fueled optimism among crypto market traders globally, recording a remarkable surge in the Shiba Inu burn rate on Wednesday. Latest burn data suggests that nearly 27 million coins were taken out of the supply, igniting market optimism surrounding the meme coin’s future movements. Additionally, it’s noteworthy that the SHIB community vouched for a $0.01 price target previously, adding optimism surrounding the coin’s future movements in light of recent developments.#shiba⚡ #Shibainuholder #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 $SHIB
$SHIB SHIB Analysis: Bullish Sentiment Amid Positive Developments
As of today, Shiba Inu (SHIB) is trading at **$0.00001811**. Recent developments in the Shiba Inu ecosystem, including the launch of Shibarium and growing interest in ShibaSwap, have sparked renewed investor enthusiasm. The community's active engagement in these projects has led to increased transaction volumes, indicating a potential bullish trend.
However, market volatility remains a concern. A significant resistance level to watch is around **$0.000020**, which, if breached, could signal further upward momentum. Conversely, a drop below **$0.000017** could trigger bearish sentiment and prompt selling.
**Target Price:** $0.000020
**Sell Price Update:** If SHIB falls below $0.000017, consider a sell to minimize potential losses.
Overall, with a bullish outlook and strategic resistance levels in focus, SHIB may present a favorable opportunity for traders.
#shiba⚡ #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 #SHIBAUSDT $SHIB
As of today, Shiba Inu (SHIB) is trading at **$0.00001811**. Recent developments in the Shiba Inu ecosystem, including the launch of Shibarium and growing interest in ShibaSwap, have sparked renewed investor enthusiasm. The community's active engagement in these projects has led to increased transaction volumes, indicating a potential bullish trend.
However, market volatility remains a concern. A significant resistance level to watch is around **$0.000020**, which, if breached, could signal further upward momentum. Conversely, a drop below **$0.000017** could trigger bearish sentiment and prompt selling.
**Target Price:** $0.000020
**Sell Price Update:** If SHIB falls below $0.000017, consider a sell to minimize potential losses.
Overall, with a bullish outlook and strategic resistance levels in focus, SHIB may present a favorable opportunity for traders.
#shiba⚡ #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 #SHIBAUSDT $SHIB
$SHIB SHIB Analysis: October 24, 2024
As of today, Shiba Inu (SHIB) is trading at $0.00001774, reflecting a steady performance amid the current market conditions. The recent uptick in trading volume indicates growing interest, potentially driven by increased meme coin activity and the broader crypto market's positive sentiment.
Technically, SHIB has shown signs of support around the $0.00001700 level, which could serve as a strong foundation for upward movement. If bullish momentum continues, the target price could reach $0.00002000 in the short term. However, investors should remain cautious as market volatility remains high. A decisive break below $0.00001650 may indicate bearish sentiment, prompting a reassessment of positions.
**Recommendation:** Given the current bullish indicators, a cautious buy around $0.00001750 could be advisable, with a sell target of $0.00002000 while monitoring market dynamics closely.
#shiba⚡ #ShibaArmstrong #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 #SHIBAUSDT $SHIB
As of today, Shiba Inu (SHIB) is trading at $0.00001774, reflecting a steady performance amid the current market conditions. The recent uptick in trading volume indicates growing interest, potentially driven by increased meme coin activity and the broader crypto market's positive sentiment.
Technically, SHIB has shown signs of support around the $0.00001700 level, which could serve as a strong foundation for upward movement. If bullish momentum continues, the target price could reach $0.00002000 in the short term. However, investors should remain cautious as market volatility remains high. A decisive break below $0.00001650 may indicate bearish sentiment, prompting a reassessment of positions.
**Recommendation:** Given the current bullish indicators, a cautious buy around $0.00001750 could be advisable, with a sell target of $0.00002000 while monitoring market dynamics closely.
#shiba⚡ #ShibaArmstrong #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 #SHIBAUSDT $SHIB
$SHIB **Shiba Inu (SHIB) Analysis: October 25, 2024**
Today, Shiba Inu (SHIB) is trading at $0.00001768, showing some resilience despite the broader market volatility. Recent developments in the Shiba ecosystem, including the anticipated launch of Shibarium's features, are generating positive sentiment among investors. The community's continued engagement and strategic partnerships could propel SHIB to new heights.
However, resistance is seen at the $0.0000185 level, which could prove challenging. A sustained move above this level could trigger bullish momentum, targeting $0.0000200. Conversely, if the price slips below $0.0000165, it may indicate bearish sentiment, prompting a reassessment of positions.
**Sell Price:** $0.0000165
**Target Price:** $0.0000200
In summary, while short-term fluctuations may occur, the overall outlook remains cautiously optimistic for Shiba Inu in the coming weeks.
#shiba⚡ #SHIBAUSDT #ShibaArmstrong #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 $SHIB
Today, Shiba Inu (SHIB) is trading at $0.00001768, showing some resilience despite the broader market volatility. Recent developments in the Shiba ecosystem, including the anticipated launch of Shibarium's features, are generating positive sentiment among investors. The community's continued engagement and strategic partnerships could propel SHIB to new heights.
However, resistance is seen at the $0.0000185 level, which could prove challenging. A sustained move above this level could trigger bullish momentum, targeting $0.0000200. Conversely, if the price slips below $0.0000165, it may indicate bearish sentiment, prompting a reassessment of positions.
**Sell Price:** $0.0000165
**Target Price:** $0.0000200
In summary, while short-term fluctuations may occur, the overall outlook remains cautiously optimistic for Shiba Inu in the coming weeks.
#shiba⚡ #SHIBAUSDT #ShibaArmstrong #ShibaFundamentalAnlysis #SHib CryptoWatchMay2024 $SHIB
1.75 Trillion SHIB Mysteriously Grabbed on Robinhood, Ripple's 800 Million XRP Escrow Lockup Failed
1.75 trillion SHIB mysteriously grabbed on Robinhood with price on verge of breakout Per data provided by Whale Alert tracker, yesterday, 1.75 trillion SHIB tokens were purchased on Robinhood. The purchase was made by anonymous whale -4D935, who withdrew this large amount of SHIB meme coins in two transactions, each carrying 875,000,000,000 SHIB. The total worth of the acquired tokens is evaluated at $39.2 billion. Meanwhile, Ali Martinez, popular crypto trader and analyst, shared on his X handle on Wednesday that he spotted SHIB forming a bull flag on its daily chart. According to Martinez, SHIB is aiming to make a major bullish breakout to the $0.000072323 level; thus, he decided to place a few buy orders around the $0.000018343 price mark. At the time of writing, SHIB is changing hands at $0.00002405, up 7.15% over the past 24 hours, per CoinMarketCap.
Ripple's 800 million XRP escrow lockup failed to reboot price, here's reason
According to recent on-chain data, Ripple Labs shifted 800 million XRP into an escrow wallet in an effort to rebalance the circulating supply of the digital currency. Per Whale Alert, the lockup was done in three tranches: the first one carried 500,000,000 XRP, the second one featured 100 million XRP and the third one 200 million XRP. In response to the escrow activity, the price of XRP has slightly increased, by 4.61% to $0.5126 in 24 hours. However, this enormous XRP lockup has not yet recovered all the losses from the previous week. As market sentiment declined over the past month, XRP experienced a sharp drop in valuation. Even with the most recent surge, XRP is still down over the previous week by 2.04% and over the previous month by more than 14%. Currently, XRP is trading at $0.524, up less than 1% over the past 24 hours. Peter Schiff names new bearish target for Bitcoin price In a recent X post, Peter Schiff, renowned gold advocate, named the next downside objective for Bitcoin. In his opinion, the objective is going to be the $54,000 level. Schiff also stated that Bitcoin has formed a bearish head and shoulders pattern, with the "neckline" of the pattern just below $57,000. Earlier this week, the expert stated that Bitcoin is currently facing its do-or-die momentum, and if BTC breaks down below the $60,000 level, the asset will be in big trouble. However, recent statements made by Federal Reserve Chairman Jerome Powell briefly made the Bitcoin price rise above the $59,000 level. At the moment, Bitcoin is trading at $61,715, up 5.84% over the past 24 hours.#SHib #CryptoWatchMay2024 #XRPGrowth
Ripple's 800 million XRP escrow lockup failed to reboot price, here's reason
According to recent on-chain data, Ripple Labs shifted 800 million XRP into an escrow wallet in an effort to rebalance the circulating supply of the digital currency. Per Whale Alert, the lockup was done in three tranches: the first one carried 500,000,000 XRP, the second one featured 100 million XRP and the third one 200 million XRP. In response to the escrow activity, the price of XRP has slightly increased, by 4.61% to $0.5126 in 24 hours. However, this enormous XRP lockup has not yet recovered all the losses from the previous week. As market sentiment declined over the past month, XRP experienced a sharp drop in valuation. Even with the most recent surge, XRP is still down over the previous week by 2.04% and over the previous month by more than 14%. Currently, XRP is trading at $0.524, up less than 1% over the past 24 hours. Peter Schiff names new bearish target for Bitcoin price In a recent X post, Peter Schiff, renowned gold advocate, named the next downside objective for Bitcoin. In his opinion, the objective is going to be the $54,000 level. Schiff also stated that Bitcoin has formed a bearish head and shoulders pattern, with the "neckline" of the pattern just below $57,000. Earlier this week, the expert stated that Bitcoin is currently facing its do-or-die momentum, and if BTC breaks down below the $60,000 level, the asset will be in big trouble. However, recent statements made by Federal Reserve Chairman Jerome Powell briefly made the Bitcoin price rise above the $59,000 level. At the moment, Bitcoin is trading at $61,715, up 5.84% over the past 24 hours.#SHib #CryptoWatchMay2024 #XRPGrowth