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According to IntoTheBlock, $SHIB may be mispriced.
Based on data from the network, the coin has seen a significant increase in its large holder net flow indicator over the past 24 hours. This indicator measures the difference between inflows and outflows associated with any holder who owns more than 0.1% of the circulating supply of Shiba Inu.
Over the past day, net flow has increased from -163.24 billion $SHIB to 349.3 billion SHIB. In short, increases in net flow indicate that large players are accumulating coins, while decreases indicate that positions are being reduced or sold. Based on what is currently happening with SHIB, it can be concluded that whales are buying the meme-inspired coin. However, there has been no major movement in the whale world yet, as metrics tracking large transactions of at least $100,000 show low activity. For example, 99 large transactions were recorded over the past day, with a total volume of 1.39 trillion SHIB, or $25.2 million.
Currently, the cryptocurrency is trading at $0.000018. Over the past two weeks, the coin has seen significant price volatility, with gains of 33.2% followed by losses of 6.31%. This week will be crucial to understand what lies ahead for $SHIB . As you can see, some of the biggest players have already started placing their bets. #Binance #Shibarium #MemeWatch2024
Meme coins are back in the spotlight, and Shiba Inu $SHIB is no exception.
Key Support Levels: $0.000014
Key Resistance Levels: $0.000020 SHIB Turns Bullish The pullback seems to be over and $SHIB has started the week with buyers rushing the price higher. If this bullish momentum continues, the key resistance at $0.000020 could be tested in the coming days. In late September, sellers stopped the price at this level, but a second attempt may succeed.
Will a higher high come soon?
With a higher low confirmed, $SHIB seems to be on its way to trying to make a higher high. The price will have to turn $0.000020 into support for that to happen. At the time of publishing this analysis, buyers are still showing some caution, but that could change in the coming days. Strong bullish signal on MACD The weekly MACD turned bullish at the beginning of October, and momentum has continued to build since then. This indicator supports the bullish outlook, with the current resistance likely to be tested again soon. Based on this indicator, higher price levels are becoming more likely. #Binance #Shibarium #MemeWatch2024 #SHIB،
Best Performing Meme Cryptocurrencies: BONK, WIF, POPCAT
On September 30, 2024, while the crypto markets are losing all the gains made over the weekend due to the rise in market optimism, some large meme coins are outperforming all competitors. In contrast, the two giant meme coins, Shiba Inu (SHIB) and Dogecoin (DOGE), are falling today along with other large digital currencies.
Will Shiba Inu (SHIB) Add Another Zero To Its Price?
It appears that there is a turning point for Shiba Inu $SHIB where it may soon add another zero to its price. After a slight rise recently, the coin has seen a pullback, indicating that it is struggling to maintain its upward momentum. The meme coin could face further declines and move towards lower price levels due to the overall market conditions and the absence of strong buying activity. Shiba Inu has already seen a significant decline from its recent highs, and the current momentum suggests that further declines could be on the way.
Shiba Inu $SHIB has recently seen a notably strong bounce, especially when looking at the In/Out of the Money indicator.
This indicator is an important tool for investors to determine how many tokens are profitable at any given price point, providing important context for understanding the state and mood of the market.
Recent data indicates a significant reversal in the percentage of profitable Shiba Inu tokens, indicating a change in momentum. Around 56% of $SHIB holders are currently in profit according to the current analysis, while only 42% of holders are in loss. As a result of this shift in market fortunes, Shiba Inu may be entering a more bullish phase. This trend is important because it boosts investor confidence and encourages increased market participation.
A surge in large transaction volumes (over $100,000) has been observed, indicating that large investors or institutions are beginning to show greater interest. This is often seen as a sign of further price action. Although the Shiba Inu price has already seen a significant increase, these on-chain indicators suggest that the rally may not be over yet. $SHIB could reach new all-time highs in the coming weeks as a result of increased volume transactions, more holders making profits, and increased market confidence. #Binance #MemeWatch2024 #SHIB، #Shibarium
As October approaches, Shiba Inu $SHIB is poised for a major rally, with analysts predicting it will see a triple-digit price increase next month. According to CryptoRank data, $SHIB ’s historical average rise this month is 283.4%. October is known as “Positive October” due to the bullish price action at this time. In 2021, the coin surged by 833%, and it also saw gains in October 2022 and 2023.
If the expected rally materializes, $SHIB could reach $0.000075, a price it has not seen since its exciting beginnings.
Is Shiba Inu Ready to Hit New High Above $0.00008? Analyst Says Yes
The meme coin Shiba Inu $SHIB looks like it could be poised for a major surge to new highs during this bullish cycle. Given the cryptocurrency’s recent bullish performance, analysts are predicting that Shiba Inu could surpass its all-time high of $0.000086. Shiba Inu Targets New Record Highs
This week has been all about meme coins, especially over the past few days. Shiba Inu has emerged as the top performer on several occasions, gaining another 6% over the past 24 hours. Furthermore, the second-largest meme coin approached $0.000022 earlier today for the first time in over three months. $SHIB is up 42% over the week. $PEPE is another meme coin that has seen a notable rise, rising 6.5% since yesterday and 36% since last Saturday. Other meme coins that have seen significant gains include WIF, BONK, and $FLOKI . Ripple and Toncoin are also in the green on the daily level of large-cap altcoins, as are BNB, ETH, DOGE, and TRX, but to a lesser extent. The total market cap of all digital assets has increased slightly since yesterday and now stands at over $2.420 trillion. #Binance #MemeWatch2024 #SHİB #pepecoin🐸 #floki
Bitcoin $BTC rallied well after the release of US inflation data on Friday, jumping above $66,500 for the first time in nearly two months, before pulling back slightly.
Several altcoins also made impressive gains over the past day, led by the meme world.
The working week started on a positive note for Bitcoin, which had already gained some momentum following the US Federal Reserve’s interest rate cut on September 18. The cryptocurrency was at $63,000 over the weekend and jumped above $64,500 on Monday.
However, it was unable to hold its ground initially, and although it did rally to that level again, bears took control of the market on Thursday, pushing it down to $62,700 (on Bitstamp).
However, the apparent bullish rally was not contained, and the cryptocurrency reversed course once again. This rally was capped yesterday evening when the coin surged to $66,500 for the first time since August 1. This came after positive inflation news from the US. Although it has lost some momentum since then and now sits just below $66,000, its market cap remains above $1.3 trillion on CG. Its altcoin dominance has also increased slightly to $53.8%. #Binance #bitcoin #BTC
$SHIB coin is witnessing an extraordinary rise in several indicators. One of the most prominent of these indicators is the burn rate, which jumped by 640% in 24 hours, reflecting bullish activity in the coin’s ecosystem. The price of $SHIB rose by 13% during the day to reach $0.0000168, the highest level it has seen in the past month. The optimism around $SHIB came after the marketing team announced that it is working on a new stablecoin called SHI, which will be pegged at $0.01. The exact mechanism for achieving this peg has not yet been determined, but the team is working on developing the coin to enhance liquidity and stability in the Shibarium system. In addition, the emergence of SHI is an important factor for Shibarium projects, as it will provide the necessary liquidity to support smart contracts and applications in this system. Shibarium is witnessing a significant increase in the number of transactions, which enhances expectations of its successful relaunch in the near future. #Binance #SHİB #Shibarium #MemeWatch2024
SHI Stablecoin May Launch Soon, SHIB Team Hints and Shares Important Details
On September 26, 2024, Lucy, the official marketing officer for the Shiba Inu team, published a post detailing the SHI stablecoin, the idea of which was first introduced by the mysterious creator of the $SHIB coin, Ryushi. Lucy also revealed a potential date for SHI to be released for public use on the Shibarium platform. What to know about SHI and its launch date
As for the daily gains among the major altcoins, Shiba Inu $SHIB stands out with a massive 13% surge. The popular meme coin has surged to $0.000017. You can learn more about Shiba’s price rise here. PEPE, another meme-inspired coin, also saw a 7% surge, pushing it to $0.000009. The leader in this space, Dogecoin (DOGE), has gained over 4% in the past day. Other good performers include TON, Cardano (ADA), Polkadot (DOT), and NEAR. The rest of the major altcoins are more stable with minor losses from Ethereum (ETH), Binance (BNB), Ripple (XRP), and LINK. The total market cap of cryptocurrencies has risen again to $2.350 trillion according to CoinGecko. #Binance #MemeWatch2024 #pepecoin🐸 #SHİB
Bitcoin $BTC saw a massive surge late last week after the US Federal Reserve cut its key interest rates for the first time in over four years, sending the price from under $58,000 to over $60,000, and it has not retreated since. The coin surged to $64,000 on Friday morning and has continued to climb this week. As previously reported, the coin has jumped to $64,800 on several occasions, most recently yesterday. However, the bears managed to defend that level, and the subsequent rejection sent Bitcoin south to $62,750 earlier today. However, the cryptocurrency has since bounced back and added around $1,000, and is currently trading near $64,000. These volatile moves have occurred despite increased inflows into spot Bitcoin ETFs. This means that Bitcoin’s market cap stands at around $1.260 trillion, but its dominance over altcoins has dropped slightly to 53.7% according to CoinGecko. #Binance #bitcoin #BTC
$SHIB is among the top performers today (September 26), with its price up more than 10%. It is currently trading at its highest level in nearly two months, at around $0.00001634, according to CoinGecko data. Its market cap has also risen to $9.7 billion, a level not seen since the end of July. Shiba Inu has a large fan base consisting of coin holders and supporters. According to IntoTheBlock data, about 50.3% of all SHIB investors are currently making fiat profits, while 43% of them are still in a loss position.
Binance, the leading cryptocurrency exchange, is enhancing its trading offerings by introducing six new trading pairs on September 25. This expansion aims to provide users with a wider range of trading options and improve their overall experience. The new pairs include: 1MBABYDOGE/FDUSD, 1MBABYDOGE/TRY, BTC/EURI, CATI/BRL, NEIRO/FDUSD and NEIRO/TRY. In addition, Binance will be providing trading bot services for these new pairs. It is worth noting that the BTC/EURI trading pair will be offered without maker fees, which is an additional incentive for traders, from the launch date until further notice. #Binance #MemeWatch2024
In a recent post on the X platform, Lucy, the anonymous marketing lead for the $SHIB project, shared a mysterious message that has piqued the interest of the Shibizens community. The text of the message reads: “Something big is coming!” suggesting that a new and revolutionary project is in the works. However, despite the great excitement, no one knows exactly what this revolutionary project is. Lucy added to the excitement by asking a question at the end of the post: “Will it be ShibMarketplace, Shibahub, Treat, or a whole new world?”
Currently, the $SHIB team is actively working on several projects, such as the SHIB Metaverse and Layer-3 on the Shibarium network. Over the course of this year, they have implemented two major updates to Shibarium to improve its performance, reduce gas fees, and improve user experience. #Binance #Shibarium #MemeWatch2024
The cryptocurrency market is currently experiencing a general recovery, and so is Cardano $ADA . According to CoinMarketCap data, the price of the $ADA token has increased by 4.65% in the past 24 hours, reaching $0.3858. This surge has increased Cardano’s market cap to $13.48 billion, helping Cardano return to the top 10 cryptocurrencies by market cap. Cardano had previously dropped out of this ranking due to the growing interest in Tron, which has seen a significant rise in market sentiment. This latest surge is a promising sign for $ADA investors. However, it remains to be seen whether Cardano will be able to maintain this position for long. #Binance #Cardano
Shiba Inu on the verge of a potential price boom 'in October': Details
$SHIB The second-largest meme coin, SHIB has historically seen periods of massive price increases, rising by triple-digit percentages in a 30-day period. According to CryptoRank data, these impressive increases highlight the strength of the average rate, with SHIB seeing an 833.6% increase in October three years ago, despite being more than six months old at the time.
Digital analyst Ali Martinez points out that Bitcoin’s price performance in 2024 is very similar to the currency’s behavior in 2016 and 2020. In those years, Bitcoin’s price rose $BTC in the fourth quarter by 61% in 2016 and 171% in 2020, suggesting a potential spike in the final months of this year. #Binance #bitcoin #BTC