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news-imageNovember 2, 2024

Analyst Predicts Shiba Inu Price to End 8-Month Correction; Is $0.00004 Rally Close?

The crypto market has witnessed a bearish turnaround ahead of the U.S. presidential election. As Bitcoin price dives below the $70,000 threshold, most major altcoins, including popular memecoin coin SHIB, showed renewed selling pressure.
Publisher: Coingape
Sentiment: Neutral
SHIB

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Neutral
cover-imageUToday
November 4, 2024

200 Billion Shiba Inu (SHIB) Suddenly Land in Top US Exchange's Wallet

Spot On Chain says that Gemini, one of the biggest U.S. cryptocurrency exchanges, recently moved a lot of funds into a new multisignature custody wallet. The wallet, which was created just 18 days ago, has quickly amassed a lot of altcoin holdings, including a major acquisition of 200 billion Shiba Inu (SHIB) tokens valued at around $3.39 million.

Positive
cover-imageUToday
November 4, 2024

Shiba Inu (SHIB) Rockets 361% in Whale Activity: Bullish?

The latest data from IntoTheBlock shows that large-scale transactions in Shiba Inu (SHIB) have increased by over 361% in the past 24 hours. The number of transactions in USD went from $10.95 million to $39.6 million, with the total amount of SHIB going from 628.55 billion to 2.34 trillion tokens.

Negative
cover-imageUToday
November 3, 2024

Only 628 Billion Shiba Inu (SHIB) in 24 Hours: Did Whales Give Up?

In contrast to the trillion-level transactions that were the on-chain activity for Shiba Inu, the same level has significantly declined with only 628 billion SHIB transacted in the last 24 hours. This declined volume raises concerns about the long-term viability and market appeal of SHIB by pointing to a potential change in whale activity.

Positive
cover-imageThe Currency Analytics
November 1, 2024

Bullish Shiba Inu Pattern Identified: Three Price Targets Ahead

Shiba Inu (SHIB) is showing signs of a potential upward movement, as market analyst Alex Clay identifies a bullish Inverse Head and Shoulders pattern on the daily chart. This technical formation is often viewed as a reliable signal for trend reversals, suggesting that SHIB could be preparing for a significant breakout in the near future.

Negative
cover-imageUToday
November 1, 2024

Is 274 Trillion Shiba Inu (SHIB) Enough? Price Makes Crucial Turn

Recently, the price of Shiba Inu hit a critical point on the chart at $0.000017, which is just above a crucial support level created by a group of moving averages and a large on-chain cluster of 274 trillion SHIB at the breakeven price level. SHIB appears to be at a turning point; according to the daily chart, any additional decline could send the asset into bearish territory.

Neutral
cover-imageUToday
November 1, 2024

5.6 Billion Shiba Inu Torched in 24 Hours, What's Happening?

The Shiba Inu (SHIB) ecosystem recorded an unexpected boom in its burn rate in the past 24 hours, as total assets torched soared. Jumps in the burn rate are not uncommon; however, over the past few weeks, only a few thousand SHIB have been sent to dead wallets, making the current billions of SHIB figure a rare occurrence.

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