The number of Shiba Inu millionaires continues to decline as the recent market crash puts a damper on holder's profits. Notably, on-chain data reveals that the total number of Shiba Inu millionaires has fallen below 1,000.

Shiba Inu's (SHIB) profitability rate is at an all-time low, with only 16.98% of addresses currently in the money. Most SHIB holders — 76.56% — are losing money, which is indicative of the asset's protracted downward trend.

Popular meme-inspired cryptocurrency Shiba Inu (SHIB) may be on the verge of a major price breakout in the near future. At least the Bollinger Bands signal such an opportunity.

With thousands of distributed apps, NFT initiatives, and DeFi ecosystems, Ethereum(ETH) has remained the pillar of the crypto scene. However, as its price trend points towards a possible jump to $12,000, investors are searching for ways to maximize their gains beyond simply owning Ethereum.

Shiba Inu (CRYPTO: SHIB) continues its aggressive token burn strategy, aiming to reduce supply and drive price appreciation. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001646 $9.7 billion +1.5% +7.7% Dogecoin (CRYPTO: DOGE) $0.2678 $39.7 billion +4.4% +5% Pepe (CRYPTO: PEPE) $0.00001013 $4.3 billion +4.4% +6.5% Trader Notes: ‘Dogecoin millionaire' Glauber Contessoto warns that the crypto market has become oversaturated with new meme coin launches, making it chaotic and difficult to navigate.

Mysterious transfer activity continues to happen with the popular meme-inspired cryptocurrency Shiba Inu (SHIB). Once again, it was spotted on a leading digital assets exchange in the U.S. - Coinbase.

Shiba Inu burn rate took off 2000% on Friday, boosting market sentiment for the asset despite a broader crypto sector slump. Recent burn metrics highlighted that the massive surge stands primarily attributable to roughly 14 million coins removed from the asset's market supply in a day.

Shiba Inu (SHIB) has seen a major bounce in the burn rate metric, a trend that pares off the downturn recorded in the past few days. According to data from Shibburn, the SHIB burn rate jumped by 2,004.92% in 24 hours.

SHIB buyers are back after defending the price at a key support. Key Support levels: $0.000014 Key Resistance levels: $0.000018; $0.000020 1.

Shiba Inu is showing signs of a reversal after a week of descending performance. The death cross formation is certainly providing even more pressure to the asset and might become an issue.

Shiba Inu's daily chart has confirmed a death cross. When the 50-day moving average crosses below the 200-day moving average, it creates this technical pattern that signals investors about the continuation of the downtrend.

Meme coins are surging once again, with Shiba Inu leading the rally, but a smart investor's insights reveal a hidden opportunity beyond Shiba Inu. While Shiba Inu's gains attract traders, true crypto millionaire potential lies elsewhere that holders can't reach.

Shiba Inu's large transaction volume currently paints a bearish picture for the second-largest meme coin by market cap, have recorded a significant crash. This has raised concerns that the whales may be losing confidence in the meme coin's potential, a development that could impact SHIB's future trajectory significantly.

Shiba Inu (SHIB) price is up 8% in the last seven days as it attempts to recover from a 25% decline over the past month. Currently sitting at a $9.5 billion market cap, SHIB is working its way back toward the $10 billion mark, solidifying its position as the second-largest meme coin, only behind Dogecoin (DOGE).

A successful retest above $0.000017 could propel Shiba Inu by 18% and take it toward the $0.000020 level.

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.

As on-chain data shows a sharp drop in whale transactions, Shiba Inu is still having difficulties. Nearing zero activity, the number of large SHIB transfers has fallen by 93%.

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.