The Shiba Inu burn rate skyrocketed by 252,910% as $100,000 worth of SHIB tokens was burnt in one transaction. This typically presents a bullish outlook for the Shiba Inu price, but the scam detector platform Susbarium has explained to investors why they should be wary of such token buns.

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.

DTX Exchange becomes the ‘bullcoin' of Q4, as the presale soars past $6.3 million. Priced at $0.08, the DTX token has emerged as the ultimate winner of this bull run, outpacing established players like Shiba Inu and Cardano (ADA).

“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.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

The Dogecoin price is among the best performers following this recent crypto market rally. Meanwhile, Shiba Inu has closely followed behind and has even flipped Avalanche in the process.

As Shiba Inu ($SHIB) struggles to keep pace with the broader crypto market's rally, some of its investors are turning to a new Chicken coin called Flockerz ($FLOCK). The post Shiba Inu Investors Turn to a New Chicken Coin as ‘Cat' Coins Go Viral appeared first on Cryptonews.

Shiba Inu (SHIB) is now the 12th-largest cryptocurrency based on market value after elbowing Avalanche (AVAX) from this position.

Bitcoin's shallow pullback shows buyers are not rushing to the exit and increases the likelihood of a rebound to new all-time highs. Will altcoins follow?

Avalanche bows out of the 15th position in the crypto ranks as Shiba Inu expands social dominance.

A magnet for investors seeking big returns, the crypto market has become a playground for those eyeing emerging assets with explosive growth potential. Monsta Mash ($MASH), a newly developed cryptocurrency valued at just $0.001, is one such asset drawing a lot of interest right now.

Shiba Inu (SHIB) is at an inflection point, a trend that aligns with the broader altcoin ecosystem, most of which are paring off the gains accrued recently. For Shiba Inu, the 24-hour price comes in at $0.00001859 amid a marginal loss worth 0.38%.

An interesting interaction took place in the crypto space today, when the official X account of the popular meme-inspired cryptocurrency Shiba Inu (SHIB) asked the world's largest crypto exchange, Binance, a juicy question. But first things first.

Rising inflows to derivative exchanges usually indicate increasing leverage on SHIB.

Some coins have come back to the red zone, according to CoinMarketCap.

Shiba Inu (SHIB) appears to be preparing for a major price rally. Although the second largest meme coin has not followed the path of Bitcoin (BTC) yet, the SHIB community is anticipating a huge breakout.

Shiba Inu price struggles to hold the $0.00001859 support level. Can SHIB break above $0.00001939, or is a deeper correction ahead?

In a recent post, Shiba Inu's key representative, known as Shytoshi Kusama on social media, highlighted Shiba Inu (SHIB) as a standout asset within the crypto sphere, unveiling an impressive lifetime-to-date return of 33,774,726%. This was made in response to a widely shared infographic that says Bitcoin is the best-performing asset of the past decade with a 569,722% return.