Here's why SHIB's resurgence could continue in the short term.
If Bitcoin sustains its rebound above $60,000, investor sentiment is likely to improve and attract buyers to altcoins.
New economic data came out today and the rise in oil prices slowed.
The mysterious Shiba Inu leader famous in the community under the pen name Shytoshi Kusama has surprised the SHIB army by adding radical changes to his bio section on the X platform, which has remained unfilled most of the time until now.
An unknown on-chain anomaly has hit Shibarium, a layer-2 blockchain rollup designed for the ecosystem around the popular meme-inspired Shiba Inu (SHIB) cryptocurrency.
According to recent on-chain data, whale activity has been declining for Shiba Inu. Whales have transacted $26.6 trillion worth of SHIB tokens in the last day, indicating a gradual decline in the market power of these significant holders.
Dogecoin's (CRYPTO: DOGE) erratic performance is puzzling traders but fresh demand from small businesses may increase the appeal of the apex meme coin. What Happened: Dogecoin is down 13% over the past seven days and has painted a bearish chart pattern, according to trader Kevin.
Shiba Inu (SHIB) has recorded an appreciable price surge following its poor start to the month. According to data, SHIB's price at the time of writing stood at $0.00001695, with a 5.78% uptick in the past 24 hours.
Although ‘Uptober' has yet to fulfill its promise for the majority of assets in the cryptocurrency market, it seems to have already started for Shiba Inu (SHIB), as evident in its rally that has seen it over 10% in just 24 hours, making it the second-best daily performer.
Bitcoin and other altcoins held steady after the Bureau of Labor Statistics published encouraging September nonfarm payrolls data. US nonfarm payrolls rebound Bitcoin (BTC) rose slightly to $62,500 while Solana (SOL) jumped by 3% to $140.
The cryptocurrency market is volatile, and two of the biggest altcoins–Dogecoin (DOGE) and Ripple (XRP)–have experienced significant dips recently. However, both coins show signs of recovery, attracting investor interest. Amid these developments, attention is shifting to DTX Exchange (DTX), a decentralized finance (DeFi) coin dominating the market with massive growth potential.
Dogecoin has experienced a sharp decline over the past week declining by 11.42%. Analysts argue DOGE must reclaim $0.11 to avoid mass sell-offs.
This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum had a difficult week and closed with a 10% loss.
Shiba Inu (SHIB) has faced a rough week, dropping 13% in value. Despite the decline, a group of whales has shown confidence in the leading meme coin, steadily increasing their holdings over the past few weeks.
The Shiba Inu meme cryptocurrency nabbed significant investor attention on Friday, fluctuating considerably after a 14% crash over the past week. Notably, the coin stretched its intraday gains to 5% recently despite the weekly charts showing a fall.
Dogecoin whales have accumulated over 1 billion DOGE in the past 24 hours, signaling a potential rally in the cryptocurrency market. Market analysts identified this development, which marks one of the largest buy-ups in recent months, totaling around $108 million.
Billy Markus, a co-founder of the iconic meme cryptocurrency Dogecoin, known under the pseudonym Sibetoshi Nakamoto, has shared his take on the nature of crypto markets and why they keep dropping, leaving investors and traders frustrated.
Shiba Inu Coin (SHIB) price, a popular meme coin, is anticipated to climb despite recent market setbacks. While the broader market undergoes minor corrections, Shiba Inu is making notable strides within the meme coin category, indicating robust growth trends.
The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.
The Dogecoin project has significantly benefited from the support of tech billionaire Elon Musk and his family of unicorns.
The Dogecoin price has jumped by 5% in the past 24 hours, returning to $0.1087 as the cryptocurrency market repairs some of the damage from this week's selloff.
Dogecoin's price has dipped recently, but its adoption as a payment method among retailers is growing, supported by high-profile backers and increasing integration with payment processors.
Dogecoin (DOGE) whales are making an intriguing comeback to the market, per a recently spotted on-chain acquisition move. As spotted by top market analyst Ali Martinez on X, DOGE whales have acquired one billion DOGE in the past 24 hours.
Dogecoin price recently abandoned a breakout after the entire crypto market crashed following uncertainty from the Middle East conflict. As the Bitcoin price shows a mild recovery to $61,200, other altcoins, including DOGE, are rallying.
Dogecoin's next few days will depend on traders regaining their belief in it.
Shiba Inu might be undergoing a bearish correction, but on-chain data suggests some good news and hints at something positive coming in the next few days. Particularly, on-chain data shows that the activity among large holders has spiked positively in the past 24 hours.
The meme-inspired cryptocurrency Dogecoin ($DOGE) has seen its “largest spike in active addresses in the past six months,” as the number of addresses active on its blockchain recently surged to 84,306.
Shibarium, the layer-2 solution tied to Shiba Inu, has achieved a notable feat in total value locked (TVL), marking a significant milestone in its development and adoption. As of October 1, Shibarium's TVL has surged past $7 million, hitting $7.06 million according to data from DeFiLlama.
Shiba Inu (SHIB) coin is a major contender for the meme coin throne, often referred to as as the ‘Dogecoin killer' by its supporters.
The meme-inspired cryptocurrency Shiba Inu has seen its monthly burn rate soar last month by nearly 250% to 2.4 billion tokens as the price of the cryptocurrency soared around 21.9% over the last 30 days.
Leading cryptocurrencies moved sideways Thursday as investors awaited key employment data releases to gather insight into the economy's health. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.
Dogecoin (DOGE), the meme-based cryptocurrency, has recently seen a sharp decline in price following a short rally to $0.12 last week. Amid this plunge in price performance, prominent crypto analyst Ali has identified key levels where its price needs to be reclaimed real soon, or there will be negative consequences.
The Dogecoin (DOGE) price, last just above its 50DMA in the $0.1050 region, is floundering.
Last week, Shiba Inu (SHIB) price hinted at a move toward $0.000020. But over the last few days, that has not happened, as the meme coin's value is now $0.000016.
The cryptocurrency market is once again reacting to global events, with geopolitical tensions impacting popular meme coins like Floki (FLOKI) and Shiba Inu (SHIB). Following Iran's missile strike on Israel, Floki experienced a significant 10% drop, as reported by CryptoNews, raising concerns about broader market volatility.
The Dogecoin (DOGE) price is facing a potential shift toward a more pronounced downtrend, as recent technical signals suggest growing bearish momentum.
Cryptocurrency markets are trading lower as geopolitical tensions continue to loom over global financial markets. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,619.33 -1% Ethereum (CRYPTO: ETH) $2,342.84 -3% Solana (CRYPTO: SOL) $134.89 -5.8% Dogecoin (CRYPTO: DOGE) $0.103 -0.7% Shiba Inu (CRYPTO: SHIB) $0.0000159 -3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 13.4% and daily active addresses falling by 15.9%.
Shiba Inu (SHIB) investors are panicking because of the meme coin's sharp reversal from recent highs amid rising geopolitical tensions in the Middle East. Some are instead shifting to a new ICO with big upside potential as a hedge.
Mark Cuban, the famous investor in Shark Tank, is known as a famous Dogecoin advocate, but recently, he sounded decidedly unenthusiastic, saying, “I think every meme coin is essentially a rug pull waiting to happen.” What's more surprising, though, is he even said this volatility is, at least partially, what makes them so exciting.
In an interview, Mark Cuban admits that he's tempted to play the "game" that is timing meme coin investments—even if it's just musical chairs.
As we enter the tenth month of the year, the cryptocurrency market continues to struggle, having already lost over $213 billion in total capitalization since the beginning of the week. Most of this decline is, of course, due to the fact that the market's flagship, Bitcoin, failed to break through a key level of dynamic resistance at $66,000.
Shiba Inu is once again making headlines with a steep decline in whale activity. The large transaction volume dropped by 35%, falling from nine trillion SHIB to just four trillion. It's making many investors nervous.
Recently, a group of brawlers triggered Shiba Inu (SHIB) marketing lead LUCIE, forcing her to state that she would defend the ecosystem. Per her X post, she addressed these critics' concerns about fraud.
In the cryptoverse, no coin is immune to fluctuating market forces. Shiba Inu hit highs of $0.000036 earlier this year but has been on a decline and is now at $0.000016.
Buyers are not ready yet to seize the initiative, according to CoinStats.
Even with recent market corrections and geopolitical tensions, Dogecoin (DOGE) keeps seeing an uptick in both whales and retail investor activity. Data by Santiment reveals that whale transactions have hit new highs since June.
After a 16% rally the previous week, the Dogecoin price is again on a downtrend following the crypto market red zone. More importantly, it is not so unexpected for the DOGE to fall behind in the charts, as this meme-themed cryptocurrency has not been performing to its holder's expectations for years now.