Shiba Inus burn rate has skyrocketed by 972%, removing over 5.4 million tokens in just 24 hours. This dramatic surge aligns with a 3% price increase, igniting speculation about SHIBs next move as resistance levels come into focus.

Dog-themed cryptocurrency Shiba Inu (SHIB) is in the spotlight amid a a 972% surge in its daily burn rate. This massive spike in the removal of SHIB tokens from circulation has coincided with a 3% increase in the token's price during the last 24 hours.

Shiba Inu's (SHIB) impressive surge to $0.000033 earlier this month has been eclipsed by a sharp price correction over the past week.

The past week in the crypto world was a mixed bag of events. From Shiba Inu's (CRYPTO: SHIB) burn rate skyrocketing to Dogecoin's (CRYPTO: DOGE) price dipping, there was no shortage of action.

Despite a general market slowdown, Shiba Inu has been having trouble gaining traction, but a major support level may be approaching. Supported by a huge trading volume of 40 trillion SHIB, data from the In/Out of the Money Around Price (IOMAP) metric indicates that if SHIB continues to decline, it will activate a strong support level around $0.000022.

The dynamic realm of crypto has concluded yet another week, primarily with attention-nabbing developments witnessed across the industry. Despite soaring market optimism in light of investors expecting a bullish Q4, top cryptocurrency prices have encountered volatility.

The crypto market witnessed pivotal moments, and the Shiba Inu price is at the center of one such breakthrough. Breaking out of a critical resistance level, the Shiba Inu price shows unprecedented momentum that hangs at a potential 550% rally.

Shiba Inu remains on edge as its price trends below $0.0000217. On-chain data highlights 16 trillion SHIB vulnerable due to limited support levels, leaving the token at a critical turning point for traders and investors alike.

The latest price analysis by Coinidol.com report, the price of Shiba Inu (SHIB) has fallen below the moving average lines.

Shiba Inu is highly volatile as its burn rate and Shibarium transaction fees continue to fall. Shiba Inu (SHIB) retreated to $0.000022, down by 33% from its highest level this month.

Dog-themed cryptocurrency Shiba Inu (SHIB) is grappling with limited support below its current trading range.

Earlier today, the popular wallet tracker Shibburn published a tweet with an update regarding the amount of SHIB meme coins recently burned by the Shiba Inu community.

Shiba Inu price, a popular meme-based cryptocurrency, has recently seen a sharp increase of over 100% this year, despite an ongoing bear market. However, following a solid two-month surge, SHIB is now experiencing significant declines as the broader cryptocurrency market undergoes a correction.

While investors in Pepecoin (PEPE) flock to the DeFi king-DTX Exchange at $0.12, Shiba Inu's (SHIB) decline impacts its ranking.

Meme coins, born from internet jokes and viral memes, have carved out a unique space within the cryptocurrency landscape. These digital assets, often driven by strong community support and perceived decentralization, are no longer just a laughing matter; they've become a force to be reckoned with.

Meme coin prices have plunged alongside the wider crypto market in the last 48 hours. Shiba Inu (SHIB), market capitalization's second-largest meme coin, posted 3% losses in the last 24 hours as the selloff took a sharp turn.

Shiba Inu launched its metaverse, and SHIB's price has been reacting to this update!

Shiba Inu price, a popular meme-based altcoin, has entered a bearish trend following a broader crypto market correction. After a strong two-month bullish rally, SHIB has faced significant pullbacks as short-term holders begin to capitulate.

Shiba Inu lead developer Shytoshi Kusama has again caused a stir across the broader industry, confirming the TREAT token launch shortly ahead. On Friday, the lead developer posted on X, affirming a token launch looms, which sparked noteworthy market discussions as the meme coin already witnessed phenomenal advancements in recent days.

Shiba Inu (SHIB) has come a long way from its origins as a meme coin, transforming into the 14th largest cryptocurrency by market capitalization.

Is Shiba Inu (SHIB) headed for a major crash or an exciting new all-time high? Find out what's driving SHIB's price and what could happen next!

SHIB: The Metaverse is definitely taking off, and Shytoshi Kusama, the lead spokesperson behind Shiba Inu (SHIB), is gearing up to highlight the next chapter of the SHIB ecosystem. The new TREAT token has been in the works for a while, and now it is about to take center stage, according to Kusama's new post.

As the cryptocurrency market gears up for 2025, key trends surrounding Dogecoin's (DOGE) prediction, Shiba Inu's (SHIB) price target, and BlockDAG (BDAG) achieving its mining milestones are capturing attention. Analysts are weighing in on Shiba Inu's potential for a rise, fueled by developments like Shibarium and ShibaSwap.

Shiba Inu faced a dramatic 99.5% collapse in whale activity as token inflows surged by trillions before abruptly crashing. Despite the on-chain chaos, SHIBs price remains stable, hinting at resilience amid turbulent market conditions.

Shiba Inu has struggled to regain bullish momentum, with its price chart reflecting limited recovery efforts. The meme coin remains unable to recover recent losses, keeping it well below its previous highs.

The Dogecoin and Shiba Inu prices have crashed in the last 24 hours as the broader crypto market correction continues. This price crash is due to several developments, including the holiday season, with several traders choosing to stay out of the market during this period.

Check out which have been the most-traded cryptocurrencies in India this year.

The popular meme-inspired cryptocurrency, Shiba Inu (SHIB), continues to experience significant disruptions both on the price chart and behind the scenes in the on-chain realm. For example, the latest episode of SHIB's misadventures was an unprecedented 99.5% drop in bullish whale activity on the Shiba Inu token.

Shiba Inu is plotting a potential comeback amid contrasting onchain indicators.

A developing double-bottom formation that can be seen on the daily chart suggests that Shiba Inu may be indicating a possible reversal. The long-awaited catalyst for SHIB investors may be this traditional bullish pattern, which is frequently linked to a shift in the market.

A substantial movement of Shiba Inu (SHIB) tokens sent ripples through the cryptocurrency community. A transaction involving an enormous 2.88 trillion SHIB tokens, valued at approximately $65.7 million, was flagged by Whale Alert, a well-known crypto tracking platform.

The Shiba Inu (SHIB) price is stabilizing in the low-$0.000020s in wake of last week's impressive bounce from its 200DMA around $0.000018s, a sign that will fill the SHIB bulls with optimism. The post Shiba Inu Price Stays Firm Following Bullish 200DMA Bounce – What's Next for SHIB? appeared first on Cryptonews.

A notable headwind rocked the cryptocurrency market on Thursday, driving down not only the sector's leading asset but a great many coins and tokens that tend to slipstream behind it.

‘Dogecoin Killer' Shiba Inu's (CRYPTO: SHIB) relatively flat performance over the past week has not stopped its burn rates from increasing. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002167 $12.8 billion -5.2% -2.2% Dogecoin (CRYPTO: DOGE) $0.314 $46.3 billion -5% -1.5% Pepe (CRYPTO: PEPE) $0.00001743 $7.3 billion -5.5% -1.2% Technical Analysis: Benzinga technical analysis shows Shiba Inu's RSI is oversold at 28.6.

Shiba Inu (SHIB) price has declined 10% over the past seven days, following its December 7 peak when it reached its highest levels since January 2024. The recent pullback highlights weakening momentum, with key indicators such as RSI and DMI reflecting a bearish shift in market sentiment.

The project is "more than a digital space - it's a platform for creativity, connection, and ownership," LUCIE stated.

Although the price of the popular meme-inspired cryptocurrency, Shiba Inu (SHIB), has lost over 35% in the past two weeks, its misadventures may not end there. The fact is that on the price chart of the Shiba Inu token, a "death cross" is rapidly forming, as the event is called, when a lower-order moving average crosses a higher-order moving average from top to bottom.

As Bitcoin (BTC) continues to dominate headlines with its impressive rally—up 46% since November's election and 133% year-to-date—investors are increasingly turning their attention to altcoins with high growth potential at a lower price point.

Sellers might have seized the initiative, according to CoinStats.

Meme coin prices crashed on Thursday, erasing most of the gains made during the Santa Claus rally on Christmas Eve. Fartcoin (FARTCOIN), one of the top meme coins in the Solana ecosystem, dropped by 16.

TL;DR Shiba Inu has launched SHIB: The Metaverse, an immersive digital world built on Shibarium, aiming to drive higher adoption rates for SHIB and create new interaction opportunities. The platform features a land map supported by Chainlink's CCIP, allowing users to own land as NFTs, explore the virtual world, and generate passive income.

The Shiba Inu price has recorded a significant decline today as the broader crypto market retreated amid investors' holiday mood. However, despite the recent dip, traders remained optimistic about the long-term trajectory of SHIB, indicating strong confidence in the crypto.

While whales are becoming active, more participation is needed to drive the price action.

"Nothing in life is free. Even the things that seem free often come with hidden costs or risks," Shiba Inu's team alerted.

A staggering 2.88 trillion SHIB worth $65.7 million was transferred from Turkeys BTCTurk to an anonymous wallet, sparking intrigue among crypto enthusiasts. The transfer coincides with the SHIB Metaverse debut on the Shibarium blockchain, marking a pivotal moment for Shiba Inu.

Prominent blockchain tracker Whale Alert has spotted a mammoth-sized SHIB transaction that carried almost three trillion meme coins. In this transaction, a top crypto exchange in Turkey was involved.

Volatility has always been a feature of the cryptocurrency markets. The collective value of all coins and tokens in existence recently hit an all-time high of nearly $3.9 trillion, but the market is in correction territory again, with a 12% drop as of this writing.