Bitcoin and altcoins made a strong comeback on Oct. 11, indicating solid buying at lower levels.
The current Shiba Inu price trajectory might be unsure at the moment, but fervent investors continue to stand strong. Lucie, Shiba Inu’s marketing lead, recently dropped an interesting take on the meme coin’s potential in the near future. In a stunning post on social media platform X, Lucie noted that if everything works out well, […]
Shiba Inu whales have been noticed recently making a lot of moves despite the high volatility of the meme coin right now. Most importantly, these large whales more than doubled their volume in 24 hours, which could have serious implications for the SHIB price. As the Shiba Inu price is falling, the rise in the […]
Dogecoin and Shiba Inu prices have crashed again following their recent upward trend, which led to significant price gains. These price crashes are primarily due to the current macro environment and market uncertainty, which don’t favor risk assets like these meme coins. Dogecoin And Shiba Inu Price Crash Amid Market Uncertainty Dogecoin and Shiba Inu […]
The Shiba Inu team has been one of the most active teams on social media, with marketing executive Lucie giving the community regular updates on the project. The team has also talked about their expectations for the Shiba Inu price at various times, especially as investors seem to be on the fence with the SHIB […]
Shiba Inu is making waves after wrapping up an astounding 1,000% increase in its burn rate, Shibburn data shows. This has occurred simultaneously with a nearly 7% increase in the value of the meme coin. Market observers are investigating what this may potentially mean for the future of SHIB, especially in light of the increased confidence in the cryptocurrency sector. Related Reading: Injective (INJ) Down 20% As Market Retracement Forces Sell-Off Over 6 Million SHIB Incinerated The Shiba Inu community’s increasing dedication to lower the token supply reflects in the latest burn rate. Shibburn statistics show that during just the past 24 hours, almost 6.54 million SHIB tokens were burned. Usually, this kind of supply-chain cut indicates a positive trend. Such supply cuts sometimes point to a bullish trend. The people in the SHIB community seem to rally for this cause, hoping to juice up the price of the token. It is a good moment to buy altcoins now before the next big rise, according to analyst Alan Santana, who recently pointed out that the market is approaching its final accumulation for 2024. #Altcoins ✴️ Shiba Inu Long-Term Bull-Market Accumulation Zone To Become Active As we get closer and closer to 2025, the Altcoins market is preparing to enter the last accumulation phase of 2024. This will be the last chance to buy at low prices before the major 2025… pic.twitter.com/L2mPYvEyhr — Alan Santana (@lamatrades1111) October 2, 2024 Burn Rate Increases Local Support The last week has seen the incineration of almost 26.63 million tokens. Investors are feeling optimistic as a result of this level of activity. From the initial supply, 410.73 trillion SHIB tokens have so far been destroyed. The amount of tokens in circulation, at 583.51 trillion, is still substantial. The SHIB community is still upbeat that the meme coin will exceed expectations and perform well in the upcoming weeks, or months. Santana’s assessment indicates that the present weak market, particularly the growing turmoil in the Middle East, may cause some disruptions. However, investors shouldn’t worry too much as cryptocurrencies can sometimes bring big surprises. Many people are keeping a close watch on this since the Shiba Inu community is working together to limit the supply. Does the price appreciation for SHIB have anything to do with the current rush to burn? Investors hold their breath and hope for a breakout as the year 2025 approaches. Related Reading: Market Signals Hint At Bitcoin’s Potential Fall To $52,000—Analyst Shiba Inu Price Action Shiba Inu currently hovers at $0.00001594 as the cryptocurrency falls 1.40% from its price a day ago and also lags by 5.40% in the past week. However, it has traded around $784 million in a 24-hour period. While it just had a massive price fluctuation, this trading volume indicates that the community is still active and keen. Featured image from Pexels, chart from TradingView
Shiba Inu might be undergoing a bearish correction, but on-chain data suggests some good news and hints at something positive coming in the next few days. Particularly, on-chain data shows that the activity among large holders has spiked positively in the past 24 hours. This data is reflected through the large holder netflow on IntoTheBlock […]
The Shiba Inu (SHIB) price crashed by 7% in the last 24 hours, alongside the drop in the broader crypto market. This downward pressure is due to external factors that put Shiba Inu’s projected October rally at risk. Why The Shiba Inu Price Crashed by 7% The Shiba Inu price crashed due to the Israel-Iran […]
Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.
Shiba Inu has made a name for itself over the years, and with each new partnership, the meme coin moves further away from the realm of being a ‘joke’ to being a mainstream investment option. Once again, the team behind the popular crypto project have made a major move after announcing a brand-new partnership. This […]
Shiba Inu has been on an uptrend recently, after suffering losses for the better parts of the second and third quarters of the year. This recovery going into the new month plays into the high expectations for the meme coin, especially in Q4, when the altcoin’s price is expected to more than double. Using historical data, this report elaborates on why the expectations for the Shiba Inu price are high going into the last quarter of the year 2024. The Most Bullish Month Of The Year For Shiba Inu According to historical performance, the end of September is about to usher in the most bullish quarter of the year 2024 for Shiba Inu. This is especially true for the month of October which has never ended in the red for the meme coin. If this trend holds, then the SHIB price could continue to rise from here. Related Reading: ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week? Data from the CryptoRank website shows that the Shiba Inu price has seen an average return of +283.4% in the month of October. This average return could mean that the Shiba Inu price could triple by the time the month of October is over. Such a rise would put the SHIB price around the $0.00006 level this month. Additionally, if the recovery continues through the end of the year as expected, then the meme coin’s price could be seeing a new all-time high price before the year is over. Also, the last time that SHIB ended the month of September in the green was 2021, and the month of October went on to see an 833% increase in the space of one month. Now, 2024 is about to be the first in three years when the SHIB price is ending in the green again. A repeat of the 2021 trend would also send SHIB toward a new all-time high. Will Q4 End In Green Or Red? While the crypto market has often seen a good turn in Q4, the Shiba Inu price has not been very lucky after the month of October. According to CryptoRank, the average returns for November and December are in the negative with -15.9% and -6.12%, respectively. Related Reading: Bitcoin Short Squeeze Could Catapult Price To New All-Time High – Here’s Why This doesn’t bode well for the Shiba Inu price and could suggest a good time to sell for investors. If this follows, then October could be a good time to move out of the altcoin and move back in in December. However, if the Bitcoin uptrend continues into the end of the year, it could see the SHIB price rise into the new year. Featured image created with Dall.E, chart from Tradingview.com
Doggy-themed meme coin, Shiba Inu (SHIB), could be gearing up for a major rally to new all-time highs this bull cycle. Given the cryptocurrency’s recent bullish performance, analysts predict that Shiba Inu can surge above its all-time high of $0.000086. Shiba Inu Targets New All-Time Highs The price of Shiba Inu recently jumped from around $0.00001 to $0.00002. This significant price increase occurred in the last few weeks, hinting that the popular meme coin may be getting ready for a parabolic rally in the Fourth Quarter (Q4) of 2024. Related Reading: Ethereum Sees 43% Crash In Active Addresses, What’s Going On? Based on the meme coin’s current bullish performance, a crypto analyst and prominent Shiba Inu supporter identified as ‘SHIB Knight’ has expressed optimism about SHIB’s price outlook. In an X (formerly Twitter) post, the analyst shared a Shiba Inu price chart, suggesting that the popular meme coin was gearing up to surpass the $0.00008 mark. Further solidifying his bullish forecast, SHIB knight declared that Shiba Inu was finally ready for a new all-time high, marking a historical milestone for the meme coin. In October 2021, Shiba Inu achieved an all-time high of $0.000086, reflecting a 75.59% increase from its current price. Notably, SHIB has been building more momentum as September wraps up, hinting at a possible strong rally in October. Moreover, with the cryptocurrency currently trading at $0.00002, it would need a 330% surge to reclaim its former peak. Although SHIB Knight has not forecasted a specific date and price target, he has boldly announced that Shiba Inu could surpass its all-time highs, with the potential to break above $0.000086 this bull cycle. SHIB Maintains Powerful Momentum The price of Shiba Inu has been on a powerful upward trend in the past few weeks, achieving double-digit gains despite previous market declines. While the popular meme coin experienced its share of price declines earlier this year, Shiba Inu seems to be making a comeback, suggesting a renewed interest and demand from investors. Data from CoinMarketCap shows that SHIB has jumped by 48.20% over the past month. Additionally, the cryptocurrency saw another 45.84% increase in the last seven days, highlighting its strong price dynamics. Related Reading: Dogwifhat Rally Far From Over As Analysts Predicts 1,600% Jump Similarly, other meme coins like Dogecoin (DOGE) and Pepe (PEPE) have been steadily gaining momentum in the past week. Pepe has recorded a price increase of over 38% in the past week, while Dogecoin has risen by 17%. This sudden change from bearish trends to bullish underscores a significant shift in investors’ sentiment towards the meme coin market. A crypto analyst identified as ‘AllInCrypto’ on X has also acknowledged the recent positive momentum in meme coins, highlighting that Shiba Inu’s price dynamics are looking great. The analyst also noted that the pullback for meme coins was likely over, as evidenced by Shiba Inu’s impressive price movements, which have recorded more gains of 9.48% just today. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin’s break above $65,000 and solid buying in-the-spot BTC ETFs have traders convinced that the bull market is back in full swing.
Dogecoin (DOGE) and Shiba Inu (SHIB) prices have surged by 10% and 22% in the last 24 hours, respectively. These price surges are thanks to developments on the macro side and these meme coins’ fundamentals, which provide a bullish outlook for them. Why Dogecoin And Shiba Inu Prices Are Up Dogecoin and Shiba Inu’s prices […]
Shiba Inu ecosystem is gearing up for another significant milestone as the project’s team hints at the potential launch of a new stablecoin, sparking a wave of excitement within the entire SHIB community. Given that stablecoins are essential for providing price stability and improving utility, this announcement has generated a lot of speculation regarding the […]
Shiba Inu (SHIB) is on the verge of a historic run, as investors have accumulated a significant amount of Shiba Inu tokens in recent days. However, the meme coin’s fundamentals remain concerning as they paint a bearish picture for SHIB. Shiba Inu Set For A Historic Run In October Shiba Inu is set to enjoy a parabolic rally in October if history were to repeat itself. Data from CryptoRank shows that the meme coin has always enjoyed monthly positive returns in October. During the 2021 bull run, SHIB’s price skyrocketed by 833% in October of that year, while it enjoyed modest gains of 10% and 6% in October 2022 and 2023, respectively. Related Reading: XRP Remains Bullish: Crypto Experts Unveil Predictions For The Price Therefore, Shiba Inu could record significant gains this October. Moreover, the outlook for the broader crypto market in October is also bullish. For instance, Bitcoin has historically enjoyed its highest returns between October and December. The flagship crypto is again expected to enjoy a price rally starting in October. As such, Shiba Inu’s price will also rally as Bitcoin enjoys an upward trend. Data from the market intelligence platform IntoTheBlock shows that SHIB’s price correlation with BTC is currently at 0.89, which indicates a strong positive price correlation between both assets. This proves that the meme coin will rally as Bitcoin moves to the upside. Shiba Inu investors are already preparing for the historic run as data from the on-chain analytics platform Cryptoquant shows that they have accumulated 770 billion SHIB between September 23 and 24. This figure represents the outflows that left exchanges in these two days. Moving coins off exchanges indicates that these investors intend to hold for the long term. This accumulation trend among these investors could also contribute to the price surge that Shiba Inu could enjoy in October. Fundamentals Remain A Concern Shiba Inu’s fundamentals are a concern, as they paint a bearish picture for the meme coin. Data from the Shiba Inu burn tracker Shibburn shows that the coin’s burn rate has dropped over 90% in the last 24 hours. Meanwhile, there has also been a 61% drop in the number of tokens burnt in the last seven days. The lack of network activity on Shibarium is another bearish fundamental. Data from the Shibarium explorer shows that daily transactions on the layer-2 network remain stagnant and below 10,000. A recent high was the 11,360 transactions witnessed on September 19. However, the following day, daily transactions dropped to 8,000. Related Reading: Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible The low activity on Shibarium has also contributed to the drop in Shiba Inu’s burn rate. Base transaction fees on Shibarium are usually converted to SHIB and burnt. However, with such low interest in the layer-2 network, there is a limit to how many SHIB tokens can be burnt. At the time of writing, Shiba Inu is trading at around $0.000014, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Shiba Inu (SHIB) could soon enjoy a massive rally as several on-chain metrics paint a bullish picture for the meme coin. These metrics include the daily transactions on the layer-2 network Shibarium, which indicates that Shiba Inu’s adoption is again rising. Shiba Inu Could Enjoy Major Rally With These Bullish Metrics A significant price surge […]
Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.
Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.
As the Shiba Inu ecosystem is preparing to enter a new era, the project’s core member and head of marketing Lucie has offered insights into SHIB’s mysterious evolution, emphasizing the crucial factor that will majorly drive the growth. She outlined important aspects of the expansion of the Shiba Inu ecosystem, highlighting impending features and possible […]
Popular meme coin Shiba Inu (SHIB) has experienced a relatively calm period of on-chain activity in recent weeks. This calm pace has been mirrored in the token’s price action, which has remained largely stable without any major fluctuations. However, despite this apparent lull, a trend of significant SHIB outflows across various crypto exchanges has emerged this week. According to on-chain data, 307 billion SHIB tokens were withdrawn in the past 24 hours. This mass withdrawal seems to raise curiosity, especially since this was not an isolated event. Interestingly, this data peaked at 2.179 trillion SHIB earlier in the week. Whales Pull Out Millions Worth Of SHIB From Exchanges Data from CryptoQuant shows that more than 309 billion SHIB tokens were taken out of aggregated crypto exchanges on September 11. Taking into account the current price of SHIB, it amounts to over $4 million. Furthermore, the data showed that a similar amount was withdrawn from crypto exchanges on September 10. A withdrawal peak was registered on September 9, a day which was highlighted with 2.179 trillion SHIB tokens being withdrawn from crypto exchanges. At the time of withdrawal, the tokens were worth approximately $29.5 million. Related Reading: End Of The Road For NEIRO? Crypto Analyst Predicts Breakdown Below $0.13 The notable increase in transactions is supported by similar data from IntoTheBlock (ITB). Interestingly, this one sheds light on activity predominantly driven by so-called “whales,” or large holders of the cryptocurrency. ITB’s data highlights that over the past seven days, the volume of transactions whose value exceeds $100,000 has surged to a total of $143.68 million. While this might not be as much during a strong bull rally, it represents an increase of almost 60% from the previous seven-day timeframe. Such a marked increase suggests that large holders are starting to take advantage of the lower prices to buy the dip. Is A Shiba Inu Rally Brewing? This sharp increase in outflows is likely to catch the attention of SHIB investors. The implications could point to renewed confidence in SHIB, and a bullish trend could emerge soon. Related Reading: Why Bitcoin Retesting $57,000 Is Good For The Price Since the beginning of September, SHIB has struggled to break above the $0.000014 mark due to bearish pressure in the broader crypto markets. However, bullish supporters have been largely successful in minimizing losses and have consistently defended the $0.000010 support level throughout the month. As of the latest update, Shiba Inu has seen a slight price increase alongside many other cryptocurrencies over the past 24 hours. SHIB is currently trading at $0.00001343, reflecting a 1.5% rise. The price is expected to rise further if the trend of strong SHIB outflows from exchanges continues. Similarly, a sustained move above $0.000014 could push SHIB past its August high of $0.00001607 in the short term. Featured image created with Dall.E, chart from Tradingview.com
The prices of Dogecoin, Shiba Inu, and PEPE have been on the come-up as the Bitcoin price has recovered. However, at this time, all of their profitability levels remain different, meaning investors in these meme coins are seeing varying levels of profit and losses. In this report, we compare the profitability levels of these three […]
Popular dog-themed meme coin Shiba Inu has taken a hit as its small wallet holdings have witnessed a significant decline in the midst of general market uncertainty, which has triggered heightened fear among cryptocurrency investors. Shiba Inu Small Holders Abandoning The Digital Asset? In a recent report from Santiment, a leading market intelligence platform, it […]
Shiba Inu (SHIB) investors have been given a major reality check as crypto analysts issue a more cautious and pessimistic outlook for the meme coin’s price. While still confident in Shiba Inu’s long-term bullish potential, the analyst urged investors to temper their expectations, warning them that a dramatic price spike would be unlikely anytime soon. Shiba Inu Days […]
Dogecoin (DOGE) and Shiba Inu (SHIB) are currently experiencing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including developments in the broader crypto market. Dogecoin And Shiba Inu Following Bitcoin’s Path Dogecoin and Shiba Inu have been following Bitcoin’s path, which explains why they continue […]
In the latest edition of The SHIB Magazine, the Shiba Inu team has unveiled new details about the upcoming DevPortal which is about to reshape the Shibarium Layer 2 blockchain landscape. This new tool is a comprehensive platform engineered to empower developers and significantly streamline the decentralized application (dApp) development process in the Shiba Inu […]
As the Tron ecosystem continues to experience significant adoption, the community has successfully come to an agreement on the Sun Pump Protocol’s revenue allocation strategy introduced by the project’s founder Justin Sun. This agreement represents a major turning point for the Tron network since community members agreed on how to distribute the generated funds, guaranteeing […]
Shiba Inu burns have become a staple in the industry after the community sponsored burning began around two years ago. Every month, community members have been sending millions to billions of SHIB tokens to the burn address in a bid to reduce the total supply. The month of August 2024 has been no different as […]
Shiba Inu (SHIB) has started the month on a bearish note, as its price has dropped significantly since September 1. Based on historical data, SHIB could suffer more price declines this month, as the meme coin has often closed at a loss in September. Shiba Inu Begins September In The Red Data from CoinMarketCap shows […]
Bitcoin’s failure to maintain above $60,000 is pulling altcoin prices toward their recent swing lows. What will it take to turn the market around?