Advertisement     Shiba Inu (SHIB) has been struggling to regain its footing after experiencing a dramatic 70% decline from its February 2024 highs, with its current trading price languishing around $0.00001. Notably, investors have consistently attributed this downturn to the overwhelming supply of 589 trillion tokens, which has kept the price locked in…
Shiba Inu (SHIB) has started the month on a bearish note, as its price has dropped significantly since September 1. Based on historical data, SHIB could suffer more price declines this month, as the meme coin has often closed at a loss in September. Shiba Inu Begins September In The Red Data from CoinMarketCap shows…
Advertisement     Shiba Inu is set to launch a Decentralized Autonomous Organization (DAO), a move that could spell major gains for the SHIB token and the entire Shiba Inu ecosystem. The Shiba Inu pseudonymous marketing lead, Lucie, revealed the plans for decentralized governance. In an X post, Lucie noted that Shiba Inu was planning to…
Advertisement     The Shiba Inu (SHIB) burn rate soared by over 7,000% on July 30 amid increased activity around the Shibarium network. According to Shibburn, 2,377,131 SHIB tokens had been sent to burn wallet addresses in the last 24 hours. While the burn rate is cooling off, removing this large number of tokens…
As we move further into 2024, the battle between popular meme coins Dogecoin ($DOGE) and Shiba Inu ($SHIB) intensifies. Both cryptocurrencies have gained significant attention in the market, driven by strong communities and high-profile endorsements. In this AI-powered analysis, we will compare the recent price trends, market performance, and potential future outlook of DOGE and…
A crypto analyst has shed light on the performance of meme coins and altcoins in the upcoming bull run. He has labeled popular meme-based cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI, as “Dino Coins,” emphasizing that these tokens could potentially skyrocket during the altcoin season. Dogecoin, Meme Coins Expected To Lead Altcoin Season…
The rate at which Shiba Inu ($SHIB) tokens are being burned has jumped 12,000% to 11.9 million tokens at a time in which the price of the meme-inspired cryptocurrency has been dropping amid a wider cryptocurrency market downturn. According to data from Shibburn, a platform dedicated to tracking SHIB burns, the burn rate spiked by…
Shiba Inu, the second largest meme coin, has been undergoing a sideways price movement in the past 30 days, with an emphasised decline in the past seven days. On-chain data indicates this decline might continue in the short term as selling pressure continues to increase. Some of the major holders of Shiba Inu have lately…
Amid the ongoing memecoin crazy a massive cryptocurrency investor has recently started heavily accumulating Shiba Inu ($SHIB), pouring millions onto the meme-inspired cryptocurrency to accumulate billions of tokens. That’s according to on-chain analysis service Lookonchain, which noted that a successful SHIB investor who has in the past made more than $120 million worth the meme-inspired…
A crypto analyst says whales have abruptly accumulated tens of millions of dollars worth of Dogecoin (DOGE) in just a matter of days. Crypto strategist Ali Martinez tells his 63,100 followers on the social media platform X that deep-pocketed investors have snapped up 700 million DOGE worth $112 million in just 72 hours. Source: Ali…