The memecoin ecosystem has joined the latest revival in the broader market, with the Shiba Inu price now in the spotlight. The memecoin has reset its bearish outlook and will break crucial price milestones in the coming days.
The price of Shiba Inu (SHIB) continued to fall and reached a low of $0.00001028 on April 7. The bulls bought the dips as it corrected higher.
In the midst of a wider cryptocurrency market recovery, the burn rate of Shiba Inu (CRYPTO: SHIB) has seen a dramatic increase of 580%. What Happened: A significant rise in the burn rate and price of the Shiba Inu token, despite a decrease in volume.
Shiba Inu, along with the broader crypto market, rebounded after an earlier sell-off in the week sparked by macroeconomic concerns.
As the net capitalization of the cryptocurrency segment is growing, meme coin holders benefit. Bonk (BONK) is attempting to blast past the $1 billion cap yet again while Pengu (PENGU) and Dogwifhat (WIF) meme coins are also posting double-digit gains overnight.
Shiba Inu (SHIB 2.96%) and Dogecoin (DOGE 3.75%) used to be similarly valued cryptocurrencies. But Shiba Inu has been underperforming its rival meme coin over the past year, which appears to have gotten a boost from the Department of Government Efficiency (DOGE) agency Elon Musk is behind -- its acronym is the same as the symbol for Dogecoin.
Data recently shared by the Shibburn tracking platform that picks data from Etherscan has revealed that a massive SHIB burn rate increase has taken place overnight. This metric has demonstrated a three-digit growth just a few steps away from a four-digit one.
Despite the recent market turbulence that pushed Shiba Inu (SHIB) to a 13-month low of $0.0000010 on Monday, popular crypto analyst Luckside Crypto has identified three key catalysts that could drive the popular meme coin toward a significant price recovery, potentially reaching $0.0003.
Shiba Inu burn rate continues to deal a massive blow to the meme coin's circulating supply, surging nearly 1000% this Saturday. Recent statistics from the token's official burn tracker revealed that almost 17 million coins were removed from the circulating supply in just a day.
Shiba Inu (SHIB) has seen a sharp resurgence in its token burn activity, recording a staggering 580.28% spike in burn rate over the past 24 hours, according to Shibburn. This follows several days of subdued burn activity, sparking renewed optimism within the SHIB ecosystem.
Shiba Inu (SHIB) is battling to maintain its position among the top 20 cryptocurrencies by market capitalization, as it faces stiff competition from Sui Network (SUI). SHIB is currently priced at $0.00001202, up 0.84% over the past 24 hours, according to CoinMarketCap.
SHIB burn rate and price note a resurgence, but volume remains in the red. What does this mean for the SHIB ecosystem?
Cryptocurrency analyst Davinci Jeremie, who became popular following his 2011 advice to purchase Bitcoin when it was only priced at $1, has shared his take on whether Shiba Inu (SHIB) is ever going to hit the $1 price target. In a recent video, Jeremie delved into the mathematical reality behind such a price prediction and
The price of Shiba Inu is in consolidation as bulls fight to keep the coin from dropping, sliding off the top 20 assets ranked by market cap. In reality, the meme coin is fighting to reclaim its lost ranking from Sui Network, with market capitalization for both assets almost closely matched.
SHIB has risen by 0.5% today, yet its weak momentum in recent weeks suggests that now may be the time to invest in a new and more promising alternative. The post Will SHIB Miss the Next 1,000% Rally? Investors Are Already Piling Into This Other ICO appeared first on Cryptonews.
The Real World Asset tokenization industry is growing, attracting major players like Franklin Templeton, BlackRock, and Blackstone. Cryptocurrencies in the space have performed well over the past few months, with their total market capitalization soaring to over $30 billion.
With the growing competition in the blockchain ecosystem, Shiba Inu's Layer-2 blockchain, Shibarium, is struggling to keep up with its competitors as its daily trading volume plunges to only $21,000, far behind rivals like Polygon and Base. This raises concerns for Shiba Inu investors as traders seem to be shifting their focus elsewhere.
Though its on-chain metrics, especially the startling 548 trillion SHIB held by addresses that are currently out of the money, tell a true story, Shiba Inu is displaying unexpected resilience on the market. There is tremendous pressure on the asset to break important resistance levels because almost 88% of SHIB holders are sitting at a loss.
Where is SHI? The long-awaited one cent stablecoin issuance witnesses another delay due to a regulatory shift.
Frog-themed meme coin PEPE has confirmed a death cross on its four-hour chart, a bearish technical indicator triggered when the 50-period simple moving average (SMA) crosses below the 200-period SMA. This development signals potential downside momentum, especially as PEPE continues to trade beneath key moving averages on both the four-hour and daily charts.
Shiba Inu (SHIB) may be nearing a potential rebound, as its Relative Strength Index (RSI) hovers just above 35close to the oversold threshold. Historically, dips into this RSI zone have preceded short-term price bounces for SHIB, and the current 3.5% recovery from the $0.0000106 level suggests renewed buyer interest near critical support.
Official marketing expert of the SHIB team known under the pseudonym Lucie has addressed the SHIB army with a warning, explaining how things stand in the crypto space and how to avoid getting scammed.
The second-largest cryptocurrency by market capitalization, Ethereum, is exhibiting warning indicators as it tries to regain stability above crucial support levels. ETH is now trading at about $1,960, having dropped sharply from its peak of about $4,000 earlier in this cycle.
The development team at Shiba Inu is appealing for calm after the popular meme cryptocurrency is experiencing intense market pressure. The meme coin that is ranked second largest has lost 9% in value over the last week and has contributed to a 40% drop since January 2025.
Check out when Shiba Inu's team plans to move forward with SHI.
Fartcoin (CRYPTO: FARTCOIN) has soared nearly 85% in the past week, mimicking the early stages of Pepe's (CRYPTO: PEPE) legendary meme coin run. What Happened: In an X post on Wednesday, prominent trader Unipcs shared his long position on Fartcoin, which is $3.2 million in profit.
Most altcoins jumped on Thursday as the recent fear among market participants ended after the Liberation Day tariff's pause. These cryptocurrencies may continue doing well this year as Wall Street titans like Blackrock move deeper into the industry.
Frog-themed cryptocurrency PEPE recently confirmed a "death cross" on its four-hour chart. A death cross happens when a short-term moving average (such as the 50 SMA) crosses below a longer-term moving average (such as the 200 SMA), indicating potential bearish momentum on the market.
In a market where momentum can shift in a matter of hours, investors are becoming more strategic with how they position their portfolios. The recent 12% drop in the Shiba Inu price has caused many to reevaluate their exposure to meme-based tokens and consider alternatives with stronger fundamentals.
Shiba Inu price is taking part in the ongoing crypto market rally as fears of a widespread recession ease. SHIB rose by 10% on April 10, beating some other popular meme coins like Dogecoin, Pepe, and Bonk.
Meme coins stand among the biggest beneficiaries of the market revival following Trump's tariff war reversal—so, is it time to buy the dip? The post Should You Buy Meme Coins Now? PEPE Rockets Up 14% in a Day appeared first on Cryptonews.
The price of Shiba Inu (SHIB) continues to flirt with the key support level at $0.000011, with just a few percentage points separating the popular meme cryptocurrency from adding another zero to its number.
PEPE has faced price fluctuations in the last seven days. The meme coin plunged to a low of $0.000005844 within this time frame as it experienced volatility.
Trump's decision to pause on its aggressive tariffs for some nations has improved the sentiment in the broader crypto market. Compared to an extreme fear level of 18 on Wednesday, the fear & greed index is now at 39. Even so, buyers are still hesitant to place huge bets on their preferred majors.
Even with memes like Shiba Inu and Pepe Coin surfacing, ongoing analysis remains on what might be forgotten and is likely to be volatile in the following months. Current sentiments suggest that the hope that these meme tokens are either losing zero or worth growing tenfold appears too optimistic.
In a recent tweet, Shiba Inu developer Kaal Dhairya mentioned the next phase for SHIB, which includes rollups, FHE and other features, while urging the community to build in this next phase.
Shiba Inu dropped below $0.00001 to a 13-month low while whales accumulated 874 billion tokens after Trump's tariff announcement.
PEPE's short-term price action might take an interesting turn soon
In the rapidly shifting landscape of cryptocurrencies, Mutuum Finance (MUTM) is emerging as a promising new player that has the potential to deliver impressive returns. Unlike Dogecoin (DOGE), which is priced at around $0.07, Shiba Inu (SHIB) at $0.000008, and Pepe Coin (PEPE) at $0.000001, MUTM is currently available at an attractive presale.
Shiba Inu refuses to add a zero, resisting with the elegance of a vigilant doge. But without a jolt from big brother Bitcoin, the rally is still just a pious wish.
SHIB's 82% burn rate drop sparks questions, but on-chain metrics hint at quiet accumulation.
With regard to its price trajectory, XRP has formally entered what can only be called a now-or-never phase. The asset is now hovering around the $1.80 mark, marking the critical lower boundary of its descending price channel after weeks of downward pressure.
The popular dog-themed memecoin, Shiba Inu (SHIB), is back in the headlines as a sharp shift in market sentiment has triggered bullish activity.
Today, April 9, 2025, following the opening bell of the US market, the overall cryptocurrency market jumped by 1.90%, indicating a potential upside rally. Amid this, Pepe (PEPE), the popular meme coin, has formed a bullish price action and is poised for a massive upside rally.
Shiba Inu, the popular Ethereum-based meme coin, has dropped to a critical support level as the broader cryptocurrency market remains under pressure. Shiba Inu (SHIB) price rebounded to $0.00001199 on Wednesday after trading at $0.
8 new burn records raised the daily rate, but Shiba Inu's price didn't catch up, taking another downswing on Wednesday.
Despite recent market turbulence, Shiba Inu shows signs of technical recovery while Shibarium reaches 1 billion transaction milestone
A PEPE whale has offloaded over 723 billion tokens, converting them to the DeFi stablecoin DAI, signaling a lack of confidence in the asset.