Shiba Inu's Layer-2 scaling solution, Shibarium, is quickly approaching a significant milestone—reaching one billion transactions. This achievement highlights the continued growth of Shiba Inu's ecosystem and could have important implications for SHIB's price, potentially affecting both its adoption and demand.

As crypto faces declines, WallitIQ turns green, with predictions of a massive surge, attracting early investors. #partnercontent

According to the figures shared by the prominent blockchain tracker Shibburn, since last morning, one of the key metrics of the meme cryptocurrency SHIB has demonstrated a massive decline.

Shiba Inu (SHIB) has gained 2% in the past 24 hours, with technical indicators flashing a strong buy signal that could fuel further upside in the near term.Over the past week, SHIB has also posted a 2.6% gain, showing resilience despite broader market volatility. However, like most meme coins, SHIB remains down 23.4% year-to-date.

The recently released Consumer Price Index (CPI) summary shows that inflation has risen marginally, which led Bitcoin to move up in value by single digits. Altcoins, however, experienced more of an impact as BNB price pumped by more than 13% in the last 24 hours.

The price action of the Shiba Inu (SHIB) coin in recent days has been far from inspiring, or even reasonable. After a series of ups and downs, the price of the popular meme cryptocurrency is back where it was at the beginning of the week - at $0.0000162 per SHIB.

Shiba Inu (SHIB) Price has risen to $0.000016 as it achieved a minor price increase. Multiple market participants remain focused on meme coins including SHIB which has prompted them to evaluate the possibility of SHIB performing a substantial market uptrend.

Dogecoin (CRYPTO: DOGE) has notably outpaced Shiba Inu (CRYPTO: SHIB) over the past 12 months, kickstarting a debate on social media over what drives this performance. The apex meme coin has surged 218% over the past year, outpacing Shiba Inu's 73% gains.

For a good reason, crypto enthusiasts love meme currencies. With their rapid rallies, Pepe Coin (PEPE) and Shiba Inu (SHIB) have made news turning little investments into life-changing rewards. Though many tokens flourish on buzz and community support, they lack the foundations for sustained development.

Dog-themed cryptocurrency Shiba Inu (SHIB) has reclaimed a higher spot in the crypto rankings, surpassing Toncoin (TON) in market capitalization as its price shows early signs of a potential rebound.

Shibarium, the Shiba Inu-owned layer-2 scaling solution on Ethereum, is on the verge of breaking a major transaction milestone. The protocol is just days from breaching the one billion transaction milestone, an outlook that marks a good omen for SHIB's price.

Recent analysis reveals that the Shiba Inu price has formed a Falling Wedge pattern and is on the verge of breaking above it. Technical indicators suggest that SHIB could embark on a massive rally once this breakout occurs, as analysis predicts a price surge of over 250% in the coming months.

Shiba Inu has been stuck in a persistent downtrend, with recovery attempts consistently failing. The meme coin has struggled to break through key resistance levels, and investor sentiment remains lackluster due to ongoing losses.

Shiba Inu (SHIB) price appears poised for a rebound after consolidation and market decline. The memecoin has shown signs of recovery, gaining momentum alongside the broader cryptocurrency market.

Despite the optimistic factors, SHIB continues to underperform.

Shiba Inu (SHIB), the world's second-largest crypto meme coin, is poised for upside momentum as it has formed a bullish price action pattern after experiencing a notable price decline in recent days. This bullish trend in the meme coin follows a shift in sentiment from negative to positive.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a drop in large holder netflows, plunging by 44,431% in the last seven days.

Not very much is happening these days on the cryptocurrency market as fear, greed, uncertainty and doubt took over and it seems that no concrete direction in which the prices on digital assets tend to lean is here yet.

The crypto market was down in the early Wednesday session, apparently in response to recent remarks by Federal Reserve Chair Jerome Powell. The majority of crypto assets, including Bitcoin, XRP and Shiba Inu, are posting losses on the day as Fed Chair Jerome Powell sparked caution across the markets with his recent statement.

Bitcoin and other altcoin prices traded lower on Wednesday after the U.S. released hotter-than-expected consumer inflation data. Bitcoin (BTC) fell by 3%, while other popular altcoins saw steeper declines.

Shiba Inu (SHIB) is back in the spotlight as its burn rate has surged by an impressive 390%. However, millions of SHIB tokens have been taken out of circulation, sparking excitement among investors.

The total value of all cryptocurrencies in circulation hit an all-time high of $3.9 trillion in December, thanks mostly to solid gains in Bitcoin (BTC -2.01%), which makes up more than half of that value on its own.

Is SHIB sitting on a golden opportunity, or is this just another fleeting trend?

Prominent blockchain tracker Shibburn has revealed a staggering rise in the SHIB burn metric with millions of meme coins transferred out of circulation.

Shiba Inu is certainly struggling to recover properly as the asset's struggle on the market continues. At around $0.00001575, SHIB is clearly moving in a downtrend, forming lower high after lower high and not showing any upside momentum.

Shiba Inu has maintained a relatively bearish outlook in the digital currency ecosystem as most altcoins pared off their losses. Despite this, onchain signs of Shiba Inu whale return signal positive long-term prospects for the memecoin.

The price of Bitcoin has been fluctuating in a narrow range, failing to breach significant levels of support and resistance. As investors await a clear decision, the asset is presently mired between $106,000 and $92,000, indicating hesitancy.

Shiba Inu (SHIB) price has been trading sideways over the past seven days but remains down 27% in the last 30 days, reflecting a broader period of weakness. Despite recent signs of recovery, momentum indicators like the RSI and BBTrend suggest that SHIB is still struggling to establish a clear direction.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are attempting to stage a rally on Tuesday as Bitcoin hovers around $96,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2548 $37.7 billion +0.5% -5.2% Shiba Inu (CRYPTO: SHIB) $0.00001582 $9.32 bilion -0.4% +0.2% Pepe (CRYPTO: PEPE) $0.059870 $4.15 billion +1.6% -4.1% Trader Notes: Crypto chart analyst Ali Martinez sees Dogecoin's path clear for a potential rally to $4.

While Shiba Inu holders appear to be making their exit amidst recent headwinds, the new ICO Meme Index ($MEMEX) is turning heads. The post Shiba Inu Holders Abandon Ship – This New ICO Is Gaining Massive Attention appeared first on Cryptonews.

Is it time to look beyond Dogecoin (DOGE) and Shiba Inu (SHIB)? One rising crypto, Lightchain AI, is set to outperform them, with analysts predicting it could turn $455 into $26,455 by year-end.

The market keeps growing today, according to CoinMarketCap.

Shiba Inu (SHIB) is once again at the center of the crypto conversation after a massive 3.36 trillion token transfer worth $51.15 million sent shockwaves through the market. Whale activity is intensifying, sparking speculation about whether SHIB is gearing up for a major price movement.

Something interesting is happening with Shiba Inu (SHIB). A golden cross, a rare technical event, has formed on the weekly time frame.

Many digital currencies on the market, including Shiba Inu (SHIB), are paring off their losses at the moment. Data from crypto data platform CoinGlass shows that Shiba Inu Open Interest has returned to peak levels.

The official marketing lead of the SHIB team known to the meme coin's community under the pseudonym Lucie has published two consecutive tweets to deliver two important “crypto truths” to the SHIB army.

In a recent tweet by Susbarium, a Shib-focused X account dedicated to protecting the Shiba Inu community and exposing scams, Shiba Inu (SHIB) newcomers have been issued a critical warning as scammers attempt to exploit inexperienced holders. According to Susbarium Shibarium Trust Watch, bad actors are circulating fake contract addresses to mislead users and potentially steal their funds.

Shiba Inu (SHIB) price has slightly rebounded, maintaining levels above $0.000016 in the past 24 hours. The broader crypto market has experienced a recovery, with bullish sentiment fueling expectations of further gains.

It seems that Shiba Inu is waking up as the price performance of the asset is normalizing. The asset's price gained around 11% to its price and is now exhibiting signs of upward momentum, showing signs of a breakout in the future.

Shiba Inu (SHIB) shows signs of price stabilization above $0.000015 support level with technical indicators suggesting potential upward movement toward multiple resistance levels.

SHIB remains in a tight range, but whale activity and technicals suggest a potential reversal is brewing.

Shiba Inu coin price has moved sideways in the past few weeks and created a death cross pattern pointing to further downside ahead. The SHIB token dropped to $0.000016, down by over 50% from its highest level in December.

Shiba Inu (SHIB), the popular dog-themed cryptocurrency, is nearing a critical price point that could put an astonishing 607 trillion SHIB tokens in profit. According to the Break Even Price indicator by IntoTheBlock, over 202,000 SHIB holders, who purchased their tokens within the $0.000016 to $0.000024 range, are on the verge of seeing their investments turn profitable if the price revisits these levels.

Shiba Inu (SHIB) price, a popular meme-based cryptocurrency, is consolidating as it fluctuates within a tight trading range. Despite recent declines, SHIB stabilizes above $0.000015, signaling a potential recovery.

Cryptocurrencies remained downbeat on Monday as Bitcoin stayed stuck within the $97K region. While altcoins contemplate their next moves, Shiba Inu (SHIB) displays weakness amid faded demand. Reduced interest from new traders and the emerging death cross pattern on SHIB's 1D chart positions the alt for extended declines.

Ethereum (ETH), Solana (SOL), and Shiba Inu (SHIB) all hover near key price levels. Ethereum is attempting to stabilize after a sharp decline, Solana faces a potential breakdown if support doesn't hold, and Shiba Inu is struggling to regain bullish momentum.

Not much is going on in the cryptocurrency market, especially with the price of the Shiba Inu (SHIB) token, lately. It has been a week since the largest liquidation event in the history of the digital asset market, and the SHIB price seems to be stuck in a tight range between $0.000017 and $0.00001475, neither rising nor testing local lows.