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Shiba Inu, the iconic meme-token that caused a frenzy in the crypto currency sphere in October 2021. It skyrocketed by an astonishing 1,000% in a mere 30 trading days. The meme coin continues to captivate the interest of investors. This extraordinary surge delivered substantial profits to early backers and propelled SHIB into a prominent position in the crypto currency world. Despite the fact that Shiba Inu currently trades at roughly 90% below its all-time peak, it retains a loyal following of investors. At the moment, SHIB is valued at $0.00000819, showing a modest 1.4% daily decline. Notably, in the past month, this meme coin displayed a noteworthy 18% increase in its value. It further hinted at the possibility of a more significant breakout in the near future. Can Shiba Inu replicate the remarkable performance it exhibited in October 2021? The answer to this question may hinge on the occurrence of a potential bull market. Along with this, Shiba Inu’s developments will play a...

Imagine investing $1,000 on a random day just to see your investment balloon to $7.3 million nearly three years later. Resignations will be sent out and the most posh house with a lawn and pool would be purchased. The hunt for a Lamborghini would begin and tickets for a world tour will be booked. Life as you know it would change for good without the need to work a single day to earn money. All this could have happened to you if you had invested $1,000 in Shiba Inu on August 2, 2020. Also Read: Shiba Inu to 50 Cents? Here’s What Must Happen For SHIB To Reach $0.50 Yes, it sounds like a dream but that’s the truth. An investment of $1,000 a day after Shiba Inu launched could have fetched you $7.3 million today. That’s larger-than-life returns and enough to lead a rich life by simply keeping the money in the bank and living off of interest. Shiba Inu: $1,000 Investment Could Have Turned To $7.3 Million Today Source: Unsplash The Shiba Inu price calculator from C...

Several investors and traders from the space have made millions by diverting funds toward Pepe Coin. In fact, owing to the hype and hoopla, many have also started selling other cryptos to buy this meme coin. As reported recently, a crypto whale swapped all assets, including Ethereum and Uniswap, to buy Pepe Coin. Doing so fetched the investor $1.23 million in profit. However, over the past few days, investors have started increasingly shuffling funds from one meme coin to another. In fact, there have also been debates going on within the community about which is a better coin. Several polls on Twitter regarding the same have additionally been conducted, with Pepe being declared the winner in most cases. Traders ditch Shiba Inu for Pepe Coin Towards the end of last month, a particular crypto trader tweeted about being tempted to swap all Shiba Inu tokens for Pepe Coin. The trader revealed that he owned around $17k worth of SHIB. He initially sold 2 ETH worth of SHIB for Pepe and all...

Shiba Inu (SHIB) is on the verge of launching its layer-2 network, Shibarium . According to SHIB lead developer, Shytoshi Kusama the upcoming network could debut in two to four months. With the launch inching closer every day, the network’s governance token, Bone ShibaSwap (BONE), is seeing increased listings. Popular crypto exchange, Huobi, has announced that it has listed Shiba Inu’s offspring token BONE. The platform announced that deposits are open and that trading will start soon. New Listing on #Huobi$BONE @ShibaSwapDEX Deposits open Trading goes live soon https://t.co/MBo5EnodV4#newlistings pic.twitter.com/2KgVoZe5E7 — Huobi (@HuobiGlobal) April 25, 2023 Huobi’s listing follows Dubai-based crypto exchange CetoEX announcing, that they are listing BONE as well. Moreover, OKX has also listed the Shiba Inu (SHIB) offspring token on its platform. OKX has since increased its BONE holdings by 400%, becoming the fourth-largest holder. An important point to note is th...

Shiba Inu (SHIB) and Dogecoin (DOGE) are the most popular memecoins, with massive fan followings. Both projects are among the top 15 by market cap. Although both projects share a lot of similarities, they are considered rivals with distinct differences. The DOGE vs. SHIB battle has been ongoing since SHIB’s debut in August 2020. Both have been pitted against each other by their respective fans and communities, with the larger market bearing witness. With that being said, let us take a look at a few fronts that will help us better understand which project has an upper hand in 2023. Dogecoin vs Shiba Inu: Who wins in 2023? Utility : Utility is one of the most important indicators of a project. Dogecoin ’s biggest utility is, it is being used as a mode of payment. Several companies have begun to accept DOGE as payment since DOGE’s price increase in 2021 and accompanying growth in popularity. These companies include Twitch, AirBaltic, AMC, Tesla, and GameStop, to name a few....

Shiba Inu’s (SHIB) burn rate has spiked by an eye-opening 8747.47%. According to Shibburn, SHIB’s burn tracker, most of the tokens were burned by Koyo Token (KOY). With 733 million tokens decimated, Koyo Token’s latest burn is the largest SHIB burn this week. The value of the 733 million tokens is about $8000. Source: Shibburn Moreover, this is not the first time Koyo token has taken the initiative of burning a large number of SHIB tokens. On March 17th, the entity was responsible for burning nearly 924 million SHIB. The burns led to a 10960% spike in Shiba Inu’s burn rate. The cost of the tokens decimated is almost $10,000. What is Koyo Token, and why are they burning Shiba Inu? Koyo Token (KOY) went live only on ShibaSwap on March 9, 2023. At the time of its introduction, the Telegram channel only had a few users and one anonymous admin. After the launch, the telegram quickly reached the hundreds, including more than 50 Shiba Inu OGs, both past and present. The...

Despite price fluctuations, Shiba Inu continues to be the talk of the crypto town. Earlier today, there were concerns raised about Shibarium’s Beta Chain ID. However, pseudonymous developer Kaaldhairya soon announced that a new version of the beta network with a fresh chain ID will be redeployed. Parallelly, people from the ecosystem continue to discuss, play the guessing game, and debate about who the actual founder of Shiba Inu is. Evidently, the social volume of Shiba Inu-related mentions on social platforms like Twitter have risen. Data from LunarCrush revealed that the social contributors surpassed 50.26k, etching a new 90-day high. The analytics platform chalked out that every time a rise on this front has been noted, the price of the asset has benefitted from the same. Chalking out the intensity of the pump that can be expected based on past precedents, LunarCrush tweeted, “ Average weekly price change after 9 previous similar insights – +13.8%. “ Now, an incline o...

Shiba Inu (SHIB) has entered a correction phase, along with the larger cryptocurrency market. At press time, the popular dog-themed project had fallen 5% on the daily charts and 13.7% on the weekly charts. The latest fall in the market follows crypto-friendly bank Silvergate announcing that it needs to review its books. SHIB fell below its previous support level of $0.00001200, forming a new one at the $0.00001100 level. The token has formed a falling wedge on the 4-hour chart, with a possibility of sideways consolidation. However, SHIB would need to remain above $0.00001100 in order to not fall further. Source: SHIB/USDT Chart by Trading View Shiba Inu (SHIB) has tested the $0.00001100 level multiple times since mid-January 2023. This level could be in for another test, which would determine if the asset falls further, or moves sideways. If SHIB is able to follow through with a sideways consolidation, the asset may trade somewhere near the area of $0.00001155. However, if the asse...

One of the most significant changes to the meme coin ecology has been the Shiba Inu Burn effort. With more than 549,063,278,876,302 SHIB in circulation, the entire objective is to reduce the supply, create scarcity, and eventually cause a price increase. Also read: Ethereum Price Prediction for March 2023 Positively, February got off to a good start with respectable burn statistics. This month, the burn rate of Shiba Inu also increased by 10,000%. The burn rate, like its price, is nevertheless well known for its volatility. However, the burn rate has decreased by -6.35% in the last 24 hours. Source: Shibburn 2.89 million Shiba Inu sent to dead wallets According to Shibburn data, the burn rate has dropped, with only 2,897,033 SHIB sent to dead wallets. The coins were sent to dead wallets in three transactions. For a very long period, the burn rate and the price of Shiba Inu may have been tied. The burn rate tends to increase when more SHIB are sent to dead wallets as...

There are a ton of dog-themed assets in the cryptocurrency market. The majority of these are classified as meme coins . Others were gradually eyeing overtaking Dogecoin (DOGE) and Shiba Inu (SHIB), which have managed to reach a better stance. However, Shiba Inu still stands out in terms of development, and Shibarium is the much-awaited launch that will be out soon. Shibarium has definitely inspired many, and several other launches are still in the cards. Pawswap is such an example. It is a soon-to-launch decentralized exchange that will be powered by Shibarium . Read more: AAVE Launches the Much-awaited Stablecoin GHO on Ethereum Testnet Source: Pawswap Pawswap is inspired by Shiba Inu’s success The mission of Pawswap is to build a decentralized exchange. The DEX is inspired by the success of Shiba Inu and envisions delivering the same success to the platform. The platform is still in its research and development stage, and the final DEX is set to launch in Q4...

The Shiba Inu [SHIB] community has been seeking and awaiting information pertaining to Shibarium . However, time and again, the network was seen delaying the launch of this update. Earlier this week, the SHIB network kickstarted a surprise countdown. While several assumed that this was about Shibarium , it turned out to be an update to the official website. Therefore, the Shib Army was visibly enraged about this. Several pointed out how the countdown wasn’t necessary. Tweets about the same began pouring in. One Twitter user suggested expressed disappointment. Several went on to call Shiba Inu’s defense team co-lead, Trophias a “scammer.” It should be noted that the Shibarium beta testnet was expected to release in Q4 2022. Further defending the community, a Twitter user wrote, “But you can’t blame people when they were told Q3 2022 or just a bit after. We are about to close Q4 2022 going into Q1 2023” Another member of the Shi...

Shiba Inu has become one of the most well-known meme coins in the cryptocurrnecy industry. The meme coins were previously assumed to be nothing more than a meme token, but over time they have demonstrated to be much more. The majority of meme coin growth can be attributed to popular meme coins, like Shiba Inu, and its developments. Despite the fact that Dogecoin is known as the “king of meme coins,” Shiba Inu is unquestionably the most developed in terms of utility. For the SHIB Army, the SHIB team has been involved in and working on a variety of projects. The cryptocurrency market is still recovering from the fall of FTX, and prices seem to not be in their best shape. Amidst all of this chaos, large whales have shown a keen interest in SHIB. As per the data from IntoTheBlock, transactions greater than $100k have spiked by 300%. Rise in large Shiba Inu transactions can be attributed to whales As per the data, over 16 transactions that ranged over $100k acc...