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.

“Dogecoin Killer” Shiba Inu (CRYPTO: SHIB) has seen a sharp increase in its burn rate, accompanied by a rise in daily transactions. What Happened: Over the past 24 hours, the Shiba Inu ecosystem recorded a 254,078.1% spike in its burn rate, with 5.6 billion SHIB tokens burned in a single transaction, according to Shibburn.

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.

The Shiba Inu community witnessed a major burn rate spike, yet despite the decreased supply, caution is advised by security experts.

The X account @susbarium affiliated with the Shiba Inu team has published a warning to the community, drawing its attention to the fact of the massive $100,000 SHIB burn that took place during the past 24 hours – 5,612,878,479 SHIB, according to Shibburn.

Here's what signals that SHIB's correction may end soon.

An analyst has boldly predicted that the price of ADA could soar to $8 by 2025. This forecast highlights a notable change in expectations for the cryptocurrency and underscores potential growth in the altcoin market.

Taking advantage of Bitcoin's recent surge above $70,000, Shiba Inu has recently displayed some serious signs of strength. The cryptocurrency market was filled with optimism as a result of Bitcoin going above $70,000, pushing assets like SHIB forward and producing technical signals that suggested potential for future growth.

Despite multiple breakout attempts, Cardano's (ADA) prospects for a significant rebound have been dealt a huge blow. The development comes due to the indications shown by several Cardano on-chain metrics as the altcoin hovers between $0.34 and $0.36.

The Shiba Inu burn rate surged nearly 253,000% today, catching the investors' attention. Notably, the notable jump comes as billions of tokens were burnt in the last 24 hours, indicating a potential rally in the SHIB price.

As Shiba Inu price faces rejection at a crucial resistance level, a top trader has said he is opening a 5X Short leverage position on SHIB, anticipating a 28% crash from the current price. His forecast indicates a strong bearish sentiment, sparking curiosity about what factors could influence this decision.

Cardano price still struggles to break key resistance levels as one analyst's recent statement that “Bitcoiners don't care” about ADA sparked debates within the crypto community. This sentiment suggests a potential lack of influence from Bitcoin enthusiasts on ADA's price movements, especially after the foundation announced a move to tap into the $1.3 trillion Bitcoin

This week, the crypto industry is enjoying a moment, with the global market cap hitting $2.42 billion. Bitcoin, the world's top digital asset, is leading the charge, with its price above $72,000 this Thursday.

The cryptocurrency market is experiencing a dynamic shift, with Shiba Inu (SHIB) showing signs of a possible reversal, Solana (SOL) facing a concerning pattern in its momentum, and Bitcoin (BTC) pushing toward an ambitious target of $84,000. As traders navigate this volatile landscape, it's essential to understand the indicators that could influence price movements in the coming days.

An enormous sell wall of 88.9 trillion Shiba Inu (SHIB) tokens stands at a crucial resistance point, potentially stalling its price rally. As SHIB contends with slight losses, investors watch closely to see if it can overcome this significant obstacle.

Robinhoods recent post traces the ascent of major meme coins, casting a spotlight on Shiba Inus unprecedented community-driven growth. Highlighting SHIBs impact on meme coin culture, the platforms update underscores SHIBs legacy alongside Dogecoin in the evolving crypto scene.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, responded to skepticism about SHIB's potential to reach a $0.01 price target. The discourse unfolded on social media platform X, where Kusama engaged with critics and highlighted SHIB's significant growth since its inception.

Solana is on a strong upward trajectory, and if the current pace continues, it could see its price approach $200 by mid-November. Strong market sentiment is reflected in the price action for SOL as growing investor interest pushes it closer to this expected level.

The cryptocurrency landscape shifts and changes, many investors are looking closely at Cardano (ADA) for signs of a potential price surge. With recent trends suggesting a significant rally could occur this November, experts are analyzing historical patterns, market activity, and the broader implications for Cardano's future.

Shiba Inu (SHIB) price is currently in a bullish setup, supported by its position above all EMA lines. However, the narrow distance between these moving averages suggests that bullish momentum isn't particularly strong.

Popular altcoin Cardano ($ADA) is facing intense competition from other smart contract blockchains like TRON ($TRX) and Toncoin ($TON). Currently the 11th largest cryptocurrency by market cap, Cardano recently slipped from the top ten, overtaken by TRON. Now, with a market cap of $12.

Following Binance's missed opportunity at the Cardano Summit, LCX positions itself as the go-to exchange for native tokens.

The cryptocurrency market has recently experienced a notable bullish resurgence, bouncing back from earlier declines. Among the many digital assets, Ripple (XRP) and Cardano (ADA) have garnered attention as they show signs of stability and potential growth.

Amid the confusing market sentiment, Shiba Inu (SHIB), the popular meme coin is poised for a notable price decline as it has formed a bearish price action pattern on its daily chart.

The Dogecoin and Shiba Inu price have witnessed notable price crashes in the last 24 hours. This development looks to be based on a wave of profit-taking that has followed the recent crypto market rally.

Shiba Inu token may stage a strong bullish breakout after forming a bullish pennant pattern and as the number of accounts in Shibarium rises. Shiba Inu (SHIB), the second-biggest meme coin in the industry, was trading at $0.

Cryptocurrency analyst and trader Ali Martinez is leaning bullish on Cardano (ADA) amid a bounce in the market. Martinez tells his 76,100 followers on the social media platform X that Cardano is currently “following a similar pattern to 2020” where it went up by approximately 4,095% in around 343 days.

Shiba Inu (SHIB) has experienced an upsurge amid a crypto upswing in the last seven days. There have also been increased whale activity and innovations in the SHIB ecosystem.

As the SHIB price continues its consolidation, an interesting interaction between Binance and the second-largest meme coin has stoked anticipations of a new listing. The post Shiba Inu Teases Binance – Could a New Listing Be on the Horizon? appeared first on Cryptonews.

the cryptocurrency market buzzes with excitement over Bitcoin's recent breakout above $71,000, Cardano (ADA) is capturing the attention of investors looking for potential gains. With a fully diluted market capitalization of approximately $15.5 billion and daily trading volumes exceeding $373 million, ADA has shown resilience, rallying over 2% in the past 24 hours to reach around $0.34 as of Tuesday, October 29.

Chang 2, the second controlled Chang hard fork is anticipated to complete the metamorphosis of Cardano to the age of Voltaire.

Popular investment platform Robinhood, which also supports cryptocurrencies, including meme coins, has published a history of how various top meme coins emerged, making a particular emphasis on Shiba Inu and Dogecoin – the two largest meme cryptocurrencies in terms of market capitalization value.

Popular meme-inspired cryptocurrency Shiba Inu (SHIB) might be on the verge of a fall, and there are exactly two reasons to think so.

Shiba Inu price holds steady above support at $0.00001796. Will SHIB bulls push for a breakout towards $0.00002153?

Cardano price could soon change trajectory after speculations filled the crypto space, involving a potential partnership with the National Aeronautics & Space Administration (NASA). If this high-profile collaboration comes to fruition, it could propel the price of Cardano to unprecedented heights.

Almost six trillion Shiba Inu tokens were transferred between major wallets in the past day, according to on-chain data indicating a huge increase in large transactions. The SHIB ecosystem is experiencing increased activity, as evidenced by this impressive volume, which set a new October high and points to possible market volatility in the future.

Recent data shows that Cardano (ADA) price is holding steady, maintaining an important support level.

Enigmatic lead developer of the Shiba Inu team, known to the community under the pseudonym Shytoshi Kusama, could not hold back from responding to a tweet which challenged his recent X post about SHIB surpassing Bitcoin in value growth.

Shiba Inu (SHIB) price has recovered from its dip and has risen above the moving average lines.

Cardano's recent price action shows prolonged consolidation, with ADA hovering between $0.37 and $0.33 for over a month. Despite a few upward moves, ADA has struggled to generate any sustained bullish momentum, and as it increasingly decouples from Bitcoin, concerns arise.

Shytoshi Kusama, the leader of the Shiba Inu (CRYPTO: SHIB) ecosystem, expressed frustration over the coin not getting due respect despite impressive gains over the years. What Happened: Kusama was responding to an X post by Nick Tomaino, founder of cryptocurrency-focused fund 1confirmation, who didn't include Shiba Inu on his list of most impactful cryptocurrency projects to date.

Shiba Inu price breakout is still in play after the U.S. spot Bitcoin ETFs surpassed the milestone of holding over 1 million BTC. The implications for the broader crypto market, including Shiba Inu, are profound.

The monthly SHIB burn rate garnered substantial attention on Thursday as it landed a remarkable blow to Shiba Inu's supply. As per burn data surfacing within the market, nearly 125 million coins were incinerated in the past month, sparking optimism over the meme coin's future price movements.

Shiba Inu (SHIB), the inspired cryptocurrency that has captured the attention of many investors, may be on the verge of a remarkable rally, according to prominent crypto analyst PlanC. He predicts that the price of SHIB could surge by as much as 300%, driven by a broader bullish trend in the cryptocurrency market.

Cardano (ADA) is once again in the spotlight, with a pseudonymous market expert known as Decode making waves by setting an ambitious price target. Despite facing significant criticism from the crypto community regarding its past performance, Decode believes that Cardano is poised for a major breakout, potentially reaching $5 in the near future.

In a recent post, Shiba Inus Shytoshi Kusama revealed an eye-catching 33,774,726% return on SHIB, dramatically outpacing Bitcoin and Dogecoin. His remarks underscore SHIBs significant role in the crypto world, fueling discussions about its future growth potential.

The Shiba Inu price has been on a rampage alongside many other cryptocurrencies. Over the past 24 hours, Shiba Inu has increased by about 4.4% amidst significant investor interest.