Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a remarkable surge in whale activity, skyrocketing by 517% amid the announcement of an exciting new partnership.
Here's what signals that SHIB can jump even higher in the short term.
The open interest for Solana meme coin BOME has reached an all-time high of $161.97 million, signaling that traders are increasing their positions.
After a huge spike in on-chain activity, which was exemplified by a recent transaction volume of 3.12 trillion SHIB in a single day, Shiba Inu is beginning to rise again. This notable increase in large transactions suggests that the market is once again interested in the well-known meme coin and may portend a reversal or new bullish momentum.
As the Bitcoin Open interest across all exchanges hits a new all-time high at $19.75B, the crypto market is ready for a bull run. As the market sentiments improve, the meme coins are leading the way with massive growth. Wondering which meme coin to buy as FOMO kicks in? Worry not.
The high-ranking representative of the Shiba Inu team, Lucie, addressed the SHIB community with a fundamental message about crypto and its true potential - which has not been unleashed yet.
The outlook for SHIB remains uncertain, with no clear consensus on its next move.
Shiba Inu (SHIB) is back on track after its burn rate picked up a massive surge for the second time. After igniting by over 14,000% on Oct. 14, the meme coin has soared further by 7,911%.
Technical analysis suggests Shiba Inu (SHIB) may be forming a bull flag pattern, with some analysts projecting a potential breakout that could lead to significant price increases.
The price of Book of Meme (BOME) has been soaring, with a huge 60% increase in just the last 30 days.
The cryptocurrency market is stable at the moment, with Bitcoin priced at $63,000. Since Bitcoin has reached $60,000, other altcoins are reacting positively.
For the first time since July, Book of Meme's (BOME) price has hit $0.011. This happened after the Solana meme coin price jumped by 62% in the last seven days.
Shiba Inu coin lead developer Shytoshi Kusama has once again echoed a frenzy across the global crypto landscape, spotlighting a game-changing partnership for the SHIB ecosystem. On Tuesday, the lead developer drew attention to the latest partnership with ‘Mass Build,' hinting it to be the new ‘financial layer of the Shiba State.
In a significant development, the Shiba Inu (CRYPTO: SHIB) team announced a new partnership with financial solutions company Mass, aiming to enhance the financial layer of the ‘Shiba State'. What Happened: On Monday, the official X account of Shiba Inu revealed that Mass, with its AI-driven legal and fiscal solutions, would build the finance layer of the ambitious but utopian state.
Shiba Inu is approaching key resistance—will bulls push it higher, or will a pullback halt the rally?
Memecoins made full use of the return of bullish sentiment on Monday, with the less established ones topping the biggest market gainers list. What happened: Solana (CRYPTO: SOL)-based BOOK OF MEME pumped over 28% to become the best-performing cryptocurrency in the last 24 hours.
Solana meme coins are rising in dominance, challenging those minted on Ethereum and even the first of them all, Dogecoin. While Dogecoin is the most valuable, it increasingly faces stiff competition from Pepe and Shiba Inu.
Technical analysis suggests that Shiba Inu is currently positioned at a critical price junction, one that could lead to a massive 400% breakout to the upside. According to an analyst on the TradingView platform, the current Shiba Inu price action is pointing towards a full breakout of a bull flag formation.
The world's largest meme coin, Dogecoin (DOGE) could see even more heated competition from its primary rival, Shiba Inu (SHIB). According to Shiba Inu's lead marketer, Lucie, SHIB could potentially surpass Dogecoin, especially with Tesla Chief Executive Officer (CEO), Elon Musk's support for DOGE.
The Shiba Inu (SHIB) price is advancing nicely on Monday in tandem with a broader push higher in the crypto markets.
The meme coin island is abuzz with double-digit gains on Monday as one humongous whale goes on a buying spree.
Crypto trader Murad Mahmudov has listed his “top 10 picks for the cycle” after having predicted a “memecoin supercycle” at the Token2049 conference in Singapore. What Happened: The top pick is a “movement coin” called SPX6900 (CRYPTO: SPX), with a “clear mission of flipping the stock market.
The last two weeks disappointed crypto investors as the market failed to show the ‘Uptober' rally. While the early-month sell-off can be attributed to the Israel-Iran war, most major altcoins are yet to reveal bottom formation, indicating the possibility of prolonged correction.
Given the broader crypto market rebound, Shiba Inu (SHIB) has seen some metrics display very bullish sentiment. In the last 24 hours, SHIB trading volume has surged by approximately 64.29% and currently sits at $371.97 million.
The Book of Meme token is one of the most popular Solana coins. More importantly, it was popular at the beginning of the year when the BOME price grew exponentially within days, making heavy gains for its holders.
In a recent tweet, Shiba Inu lead Shytoshi Kusama addressed claims circulating within the community about individuals allegedly owning billion-dollar SHIB wallets.
According to data shared by the Shibburn tracking platform with public access, the red value of the SHIB burn was suddenly pushed into the greed zone today, with an astonishing rise of almost 15,000%.
Analytics provider Lookonchain highlighted a whale trader who lost money on Dogwifhat (CRYPTO: WIF) but successfully captured profits trading Popcat (CRYPTO: POPCAT). What Happened: The trader initially lost $4.44 million trading WIF twice between April 8 and June 24.
Shiba Inu's lead developer Shytoshi Kusama caused a stir across the broader cryptocurrency market on Monday, ringing alarms against individuals claiming to own billion-dollar Shib wallets. Recently, the lead developer asked market participants to confirm such cases before blindly believing so, raising investor concerns globally.
Shiba Inu's (CRYPTO: SHIB) rising burn rates has traders speculating that the meme coin is getting ready for an upcoming price rally. What Happened: Shiba Inu's burn rate has skyrocketed by 14,575.02% since the last burn transaction of 277.6 million coins, according to Shibburn data.
Shiba Inu's price is gaining momentum, climbing over 2% today to reach $0.00001812. This recent price rally has been fueled by growing market confidence, with SHIB's trading volume spiking 31% to $319.74 million. Investors are keeping a close eye on the meme coin, with analysts pointing to several factors behind this upward trend.
Solana (SOL), XRP, and Shiba Inu (SHIB) are crypto's top contenders for the next potential breakout. These coins have distinct support and resistance levels, setting the stage for possible rallies.
The Shiba Inu burn rate has rocketed more than 14570% today, gaining significant attention from investors. Besides, this surge also comes amid a spike in SHIB price today, with recent analysis indicating towards a massive breakout for the meme coin.
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) has an interesting deadline this October, as the price history of SHIB promised an increase of at least 200% up to 283%, but until Oct. 14 we only saw a gain of 2.67%.
Amid Bitcoin crossing $64k, the meme crypto segment recovery run from a 30-day low of $37.59B stands at a market cap of $52.83B. Among the top performers, the PONKE, BRETT, and BOME are making waves with a sudden revival from hibernation.
BOME, the third-largest meme coin, rose sharply on Oct. 14 as Bitcoin recovered back to levels seen at the beginning of last week.
Shiba Inu price consolidates inside a symmetrical triangle after surging 67% from September 18 to September 27. The days following this spike comprised lower highs and lower lows, forming a symmetrical triangle likely to break out in the direction of the preceding trend.
The crypto markets began the weekly trade on a bullish note, with Bitcoin prices hitting $64,000 for the second time this month. Generally, the memecoins jump in action with the rise in the BTC price. However, apart from PEPE, FLOKI, or WIF, GME, BOME & SLERF prices managed to gain the top spot.
The crypto prices today have birthed considerable investor optimism globally, illustrating rising trajectories. Bitcoin (BTC) price gained notably to top the $64K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded in the green territory.
When the recovery momentum around the $0.000017 level was lost, Shiba Inu's current price pattern was deemed invalid. It appears that the symmetric triangle pattern that once suggested a breakout is weaker now.
Shiba Inu is facing growing uncertainty as whales offload 1 trillion SHIB in a massive sell-off. With whales retreating and SHIB struggling to break resistance, the market is bracing for potential downward pressure on the token.
Shiba Inu (SHIB), the parody coin that hit the headlines in 2021, has reignited investor interest. Based on the examination of crypto expert Javon Marks, the token has recently emerged from a declining wedge formation, which may suggest that a substantial price increase is in the offing.
Lucie, the Marketing Lead for Shiba Inu (SHIB), has forecasted a potential 1000% surge for the meme coin's ecosystem within a matter of days. This optimistic outlook comes against a backdrop of significant market volatility and impressive long-term gains for SHIB.
Crypto analysts have continued to make ambitious price targets regarding how high the Shiba Inu price and the Dogecoin price can rise in the long term. However, several factors indicate the Shiba Inu price and Dogecoin price might eventually reach these price targets.
The last day of the week has turned out to be bearish for the crypto market, according to CoinStats.
According to on-chain data, dog-themed cryptocurrency Shiba Inu (SHIB) is facing a significant price cluster that holds 430 trillion SHIB tokens.
On-chain data shows that Shiba Inu has been having a difficult time lately. As per the most recent data, SHIB has witnessed a meager 1 trillion SHIB transactions over the past 24 hours, which is a significant decline from the seven-day peak of 4 trillion SHIB on Oct. 9.