Shiba Inus daily transaction volume surged to nearly four trillion SHIB, marking a significant increase driven by whale-tier trades. The renewed activity among large holders suggests potential support for SHIBs price, which could prompt upward momentum if sustained.

In a swift market shift, Shiba Inu (SHIB) gained nearly 10% over the last 24 hours after a 39 million SHIB burn ignited fresh momentum. Shibburn reports a 305% surge in the burn rate, fueled by a single large transaction that pushed SHIBs price to new highs, driven by heightened trading.

A new bullish price target has been set for the Shiba Inu price, with an analyst revealing the major trigger that could push this top meme coin to the $0.000081 level. This optimistic price forecast follows recent substantial gains experienced by Shiba Inu, indicating a potential for a major rally.

Shiba Inu appears to be displaying indications of a possible reversal. The asset is currently seeing a notable uptick in whale activity after struggling to regain its previous momentum.

In the ongoing potential bull run, Shiba Inu (SHIB), the popular and the second-largest meme coin is about to end its consolidation and is poised for a massive upside rally. This bullish speculation arises from the coin's positive price action and the continuous attention from investors and traders.

Thanks to a notable accumulation trend, whales have been igniting the Shiba Inu (SHIB) fire.

October hasn't been as positive for cryptocurrencies as expected. Bitcoin and other altcoins have seen unstable prices due to market volatility. With only a few days left in the month, Shiba Inu aims to make a robust breakout as Bitcoin holds above the $70K mark.

As Bitcoin approaches $73K, the top dog crypto Dogecoin leads the way for altcoins, catching short-sellers unawares.

With the market now undergoing a bullish momentum, Shiba Inu whales are flapping their fins in no small measure. The combined market capitalization has jumped by more 6.18% in 24 hours to $2.45 trillion.

Shiba Inu's (SHIB) market cap has surpassed that of Avalanche (AVAX) today, following a 7% price increase in the last 24 hours. This development means that the Shiba Inu crypto now has a market cap of $10.98 billion, making it the 12th most valuable cryptocurrency in the market.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) surged, riding Bitcoin's (CRYPTO: BTC) upward momentum past $72,000. What Happened: Coinmarketcap data shows meme coins nearing a $71 billion market cap, up 14.6% over 24 hours.

Shiba Inu could soar by 40% to reach $0.000030 if it closes a weekly candle above the $0.000021 level.

Investors are optimistic once again as the hope of the Ethereum price rallying to $5,000 hit the crypto market. In a recent report, Ethereum co-creator Vitalik Buterin spoke at length about upcoming solutions to Ethereum's (ETH) staking, block production issues, and prevent centralization of proof-of-stake to Ethereum L1.

Canine meme coins Shiba Inu ($SHIB) and Floki ($FLOKI) are rallying in line with the rest of crypto's meme coin sector, which grew 10% in the last 24 hours to post a collective market cap of $67.9 billion. Both Shiba Inu and Floki rose 9% overnight and now retail for $0.00001864 and $0.0001445 respectively.

SHIB has surged by 11% in the past 24 hours, jumping to $0.0000189 after Shiba Inu's team announced a major update for its Shiboshi series of NFTs. The post SHIB Set for Surge? New Shiboshi Updates Spark Investor Optimism appeared first on Cryptonews.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 10% price increase in the last 24 hours, despite a minute 39 trillion SHIB tokens being burned during this period.

Shiba Inu (SHIB) continues to show signs of resilience as it navigates recent market turbulence, which was spurred by a Wall Street Journal report regarding Tether, the issuer of the USD-pegged stablecoin USDT. This news led to a correction across the broader cryptocurrency market, affecting various assets, including Shiba Inu.

"Big things are on the way for Shiboshis on Shibarium, bringing new opportunities and exciting ways to engage," LUCIE said.

As the flagship cryptocurrency Bitcoin has staged an impressive rally and surpassed the $71,000 price level, many altcoins are following suit on the market. Among them is the second largest canine-themed coin, Shiba Inu (SHIB).

Shiba Inu price rose for four consecutive days as Bitcoin and other altcoins soared ahead of the upcoming U.S. general election. Shiba Inu (SHIB), the second-largest meme coin in the industry, climbed to $0.

With the current bullish trend, and the hype around meme coins, here are the top 5 meme coins to watch this week!

Cat-themed coins like Mog Coin (CRYPTO: MOG) and Popcat (CRYPTO: POPCAT) are rallying as the broader altcoin market cheers Bitcoin's (CRYPTO: BTC) leap above $70,000. What Happened: Coinmarketcap data shows cat-themed tokens coins approaching a total market capitalization of $5 billion, up 9.3% over the past 24 hours.

Dogecoin (DOGE) is leading the meme coin market recovery supported by other players like Shiba Inu, POPCAT, and FLOKI with each gaining 10-15%.

With nearly 4 trillion SHIB transacted in the last day Shiba Inu has experienced an amazing comeback propelled by high whale-tier volume. Recent on-chain data indicates that this notable increase in activity points to a resurgence of interest from larger holders which could raise investor spirits and boost SHIBs price.

The Shiba Inu (SHIB) team revealed the activation of an NFT bridge on their Layer2 blockchain, Shibarium. The new functionality aims to smoothen withdrawals and deposits of Ethereum-based non-fungible tokens. Enthusiasts will only have to connect their web3 wallets, such as MetaMask and TrustWallet, expanding the cryptocurrency trading landscape.

Shiba Inu price is gearing up for a 300% surge after a confident Bitcoin analyst predicted a key shift in the crypto landscape. The optimistic forecast comes with the reassurance that the drastic 80%+ crashes that previously plagued the crypto markets are now a thing of the past.

Shiba Inu (CRYPTO: SHIB) cryptocurrency project announced the launch of a non-fungible token (NFT) bridge for its Layer-2 blockchain, Shibarium, paving the way for the smooth transfer of Ethereum (CRYPTO: ETH)-based NFTs. What Happened: On Monday, Shiba Inu's official X account posted about the activation of NFT Bridge on Shibarium.

The cryptocurrency market is showing intriguing signs of potential volatility, with Bitcoin (BTC) recently delivering a significant technical signal known as a hidden cross. As Bitcoin makes a serious comeback, the spotlight is also on Shiba Inu (SHIB), which is primed for a potential volatility explosion.

In what seems to be a broader crypto market rally, Bitcoin (BTC) and altcoins have recouped from the selling pressure while seeing a sharp bounce today. Bitcoin (BTC) is up 5.4% moving all the way past $71,200 and less than 5% away from here to hit another all-time high level.

Shiba Inu (SHIB), a token that has captured significant attention. Recent projections suggest that if the total crypto market capitalization reaches an ambitious $10 trillion, Shiba Inu could experience a remarkable price increase, pushing it closer to its previous all-time high.

In a major Shibarium upgrade, Shiba Inu announced new opportunities for Shiboshi NFT holders, introducing enhanced roles, exclusive rewards, and strategic engagement features. The update, shared by SHIBs marketing head Lucie, signals a fresh chapter of utility and value within the Shibarium ecosystem.

Shiba Inu might soar to its all-time high by November, according to crypto analyst Javon Marks. With bullish trends emerging and increased activity on the Shibarium network, a potential 350% price surge could be on the horizon for the popular meme coin.

Dreaming of paying in physical shops with your favorite meme coin? KuCoin's VISA card makes it possible.

Crypto analyst Javon Marks has provided a timeline for when the Shiba Inu price will reach its current all-time high (ATH) of $0.00008. This came as the analyst predicted a price surge of over 350% for the meme coin.

Trump-themed tokens like Maga Memecoin (CRYPTO: TRUMP), MAGA Hat (CRYPTO: MAGA) and Donald Tremp (CRYPTO: TREMP) are rallying in light of Donald Trump‘s surging election odds. What Happened: Coinmarketcap data shows political meme coins approaching a total market capitalization of $700 million, up 11% over the past 24 hours.

Data shared by the popular tracking platform Shibburn has revealed that the SHIB burn rate has shown an impressive 108% rise recently. However, there is a catch in this good news, despite nearly 100 million SHIB meme coins being torched in total.

"Always double-check information and invest wisely," the warning reads.

Shibarium daily transactions have witnessed an 85% crash, while Shiba Inu burns have dropped by 78%. This has raised concerns in the SHIB community, considering the impact they have on the Shiba Inu price.

October has yet to live up to its historically bullish nature on the broader cryptocurrency market. Bitcoin and most altcoins have fluctuated in price as market volatility prevented consistency in price growth.

The crypto markets are trying hard to validate a decent upswing before the end of the month. Meanwhile, the memecoins have also displayed a tendency to close the monthly trade on a bullish note as the most dominant one, Dogecoin is manifesting extreme strength.

Meme cryptocurrency Shiba Inu (SHIB) is experiencing short-term price volatility, but an artificial intelligence (AI) tool is forecasting that the token will likely see some stability and rally by the end of 2024.

Shiba Inu (SHIB) price has struggled to break past $0.00001961 since mid-June, with repeated attempts at this resistance level falling short, including another failed attempt in the last seven days.

In a recent tweet, Shiba Inu's pseudonymous marketing lead, Lucie has announced that an important upgrade for Shibarium NFT holders is coming. Now, these holders are going to have enhanced opportunities using their Shiboshi non-fungible tokens.

The Global crypto market cap rose by 0.44% to $2.29 trillion today. Uptober disappointed, failing to deliver the expected gains in the crypto market.

Will Solana, XRP, and Shiba Inu drive the next crypto bull run? Get insights on their latest price analysis, resistance levels, and outlook.

According to the team, “big things are on the way” for Shiboshis on Shibarium.

As whale-tier trading volumes have significantly decreased, Shiba Inu is no longer a member of the trillionaire club. This is concerning for the asset's price stability and future growth prospects.