Shiba Inu Investors Face Losses as 1 Million Addresses Enter "Red Zone"
The value of Shiba Inu (SHIB) has dropped significantly, resulting in a large number of investors facing losses. Over 1 million addresses are now in the "red zone," indicating a negative price movement and bearish market conditions. The Break Even Price indicator shows that 79.74% of SHIB addresses are in losses, while only 17.51% have realized gains or are currently in profit.
Shiba Inu Community Excited About Leaked Burn Portal on Shiberium Layer-2 Network
The Shiba Inu community is excited about the leaked SHIB burn portal on Shiberium, which will allow the exchange of accumulated BONE tokens for SHIB tokens to be sent to the burn address. The burn process will be manual, with users triggering burn transactions once the accumulated limit is reached.
Shiba Inu Prepares to Break Into $0.00001 Zone Again After Breaching Downtrend Resistance
Shiba Inu (SHIB) has broken through its downtrend resistance, which had been causing its value to decline persistently for over a month. The asset is now preparing to break back into the $0.00001 territory, with the support of a growing market-wide recovery.
Shibarium Layer Two Scaling Solution Boosts Adoption of Shiba Inu, LEASH, and BONE Tokens
The launch of Shibarium layer two mainnet is expected to boost the adoption of Shiba Inu, LEASH, and BONE tokens. Shiba Inu has gained significant recognition in the meme coin frenzy, with a market capitalization second only to Dogecoin.
Shiba Inu Developer Highlights Advantages Over Dogecoin in CertiK AMA
Shiba Inu (SHIB) developer Shibarium1 has highlighted the strong community behind SHIB as a major advantage over Dogecoin (DOGE). Shibarium1 also noted SHIB's burning mechanism as another advantage, as opposed to DOGE's continuous minting of new tokens. The Shiba Inu community sees DOGE as its closest rival, with SHIB overtaking DOGE in market cap in October 2021. Shiba Inu has also unveiled several utilities for the token, including its own decentralized exchange, non-fungible tokens, and a Metaverse project.
Shiba Inu's Shibarium admin shares update on development progress of upgraded ShibaSwap 2.0
Ragnar, an admin of Shibarium and a prominent member of the Shiba Inu community, has provided an update on the progress of ShibaSwap 2.0, the upgraded version of the SHIB DEX. The Shiba Inu development team is currently working on the new version of ShibaSwap, which will require a new security audit from CertiK before its rollout. Ragnar has urged the community to wait for the new audit, which will help silence critics and naysayers. The upgraded version of ShibaSwap will feature new and improved designs, as well as a crypto portal for charts, news, trends, and stats.
Fashion Designer John Richmond Unveils Eccentric Hoodie Collection Exclusive to Shiba Inu Community
Fashion designer John Richmond has unveiled a new line of eccentric hoodies exclusively for the Shiba Inu community, demonstrating his support for the cryptocurrency and its enthusiasts. The hoodie line pays homage to Richmond's avant-garde style and encourages embracing the extraordinary and unconventional. The line will be incorporated into Richmond's LegendsLiveForever collection and will also be available in the virtual world of SHIB: The Metaverse, launching in Q4 2023. Richmond's partnership with Shiba Inu has resulted in several initiatives, including the showcasing of Shiba Inu-themed sporting apparel at the Pitti Immagine Uomo event in Florence.
CertiK to Host AMA for Shiba Inu After Security Score Downgrade
CertiK, a blockchain security platform, has announced an AMA session for Shiba Inu, a canine-themed cryptocurrency, following reports of its security score downgrade. The session, titled “Shibarium Layer 2, Tokenomics, Security, and More,” is scheduled for today at 1 PM (UTC) and will take place on the official CertiK Discord channel. During the AMA, CertiK intends to share significant updates regarding Shiba Inu, including its current security status. The Shiba Inu community has shown enthusiasm toward the upcoming AMA, hoping to gain valuable insights and clarification regarding the factors that led to Shiba Inu’s downgrade from its esteemed AAA status.
Blaze Token Burns Record 1.23 Billion Shiba Inu (SHIB) in Single Transaction, Shib Burn Rate Surges 2344% in Past 24 Hours
In the past 24 hours, over 1.24 billion Shiba Inu (SHIB) tokens were burned, with 1.23 billion of them burned by a single wallet. This was achieved through three transactions, with Blaze Token executing the largest burn of the day. This brings Blaze Token's total number of burned SHIB to 7.95 billion. The burn rate of SHIB has increased by 2344.56% over the past day due to this massive burn transaction. Additionally, Shiba Inu has secured listings on two major exchanges.
Shiba Inu Token Burn Rate Surges After Days of Stagnation
The Shiba Inu community has increased its token-burning mechanism, with 50.18 million SHIB tokens destroyed in the past 24 hours. This represents an 8,627% surge in the SHIB burn rate compared to the previous day. The burning process was completed through two transfers, with the community moving about 3.09 billion SHIB tokens to the dead wallet within the past week. Additionally, the layer 2 solution network of Shiba Inu, Shibarium, has made progress in its beta-test phase, with a token-burning mechanism that automatically converts locked tokens to SHIB coins and transfers them to the protocol’s dead wallet.
Shibarium Unveils SHIB Burn Mechanism, Shiba Inu Stays Afloat as Bulls Reclaim Power
Shibarium has revealed a preview of its burn mechanism, which has generated excitement within the Shiba Inu community. The burn mechanism will allow users to burn BONE once the amount of Bone ready to be burned exceeds 10 BONE.
Google's AI Believes Shiba Inu Could Reach $0.01 with Decrease in Supply and Increased Adoption
Google's Bard AI has suggested that it is possible for Shiba Inu to reach a value of $0.01, but this would require a significant increase in demand and a decrease in supply. The extensive supply of Shiba Inu needs to be reduced for the asset to witness significant price surges. However, there are a few factors that could contribute to an increase in demand for Shiba Inu, such as the cryptocurrency becoming more widely accepted as a form of payment and the integration of Shiba Inu with BitPay, Binance Pay, and Binance Card. Achieving $0.01 would signify an astounding 116,913% surge in value, but SHIB's chances of success rely heavily on a substantial reduction in supply, as well as increased demand and utility.
Shiba Inu Witnesses Significant Surge in Weekly Burn Rate with Over 3.05 Billion SHIB Burned in Past Week
The Shiba Inu Community has burned over 3.05 billion SHIB in the past week, marking a 75% increase in the burn rate compared to the previous week. The burn was achieved through eight individual transactions, with Blaze Token and a mysterious wallet emerging as the top burners of the week. Blaze Token set fire to a record-breaking 3 billion SHIB in a single transaction, while the mysterious wallet sent 18.23 million to the dead wallet. This latest development brings the total amount of SHIB burned from circulation forever to 410.64 billion, leaving the current total supply at 589.35 trillion.
Shiba Inu Achieves Another Historic Milestone as Shibarium Launch Nears
Shiba Inu's Shibarium beta has reached a new milestone with over 10 million transactions processed on the network. The Shiba Inu network and its native token Shib are also experiencing increased adoption and integration. Despite repeated teasing of the release of Shibarium, anticipation for the Shiba Inu Layer 2 protocol remains high among key players in the ecosystem.
SHIB and DOGE Forgotten in the Meme Coin Frenzy: Avorak Trade Suggests Price Will Go Down
Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) gained popularity for their explosive price gains and volatile trading, but have since taken a back seat in the new meme coin frenzy. Many crypto watchers and investors are wondering whether these two coins will go up or down.
Digitra.com Adds Shiba Inu (SHIB) to Its Tradable Tokens, Offering New Investment Opportunities in Brazil
Brazilian crypto enthusiasts now have the opportunity to trade and invest in Shiba Inu (SHIB) as Digitra.com, a leading digital asset trading platform, has listed it among its tradable tokens. This move is expected to increase the customer base of Digitra.com, which has quickly established itself as a leading player in the digital asset exchange industry. SHIB, often called the “Dogecoin Killer,” has gained immense popularity in the crypto community due to its viral marketing campaign and dedicated online community. Digitra.com has also launched an exciting giveaway contest to mark the occasion, which is open to all verified account holders of the platform.
Will DigiToads (TOADS) Outpace Dogecoin (DOGE) in the Year of the Meme Coins? Investors Seem to Think So.
Experts predict that DigiToads (TOADS), a newcomer in the meme coin industry, will outperform top crypto coins like Dogecoin (DOGE) due to its practical features and growing social media popularity. Despite fluctuating market conditions, DigiToads has remained a steady cryptocurrency to buy in 2023 for its early investors in the ongoing presale phase. DigiToads aims to be one of the largest meme tokens and P2E tokens among popular projects such as Shiba Inu, Dogelon Mars, The Sandbox, and Axie Infinity. With its fast-selling TOADS token and practical utilities, DigiToads promises stable market growth and demand among crypto experts even in a fluctuating crypto market.
Get Rich With Dogecoin (DOGE), Tradecurve (TCRV) And Shiba Inu (SHIB)
Investing in cryptocurrency can be unpredictable, but there are currently three projects with high potential for growth. Dogecoin, Tradecurve, and Shiba Inu are expected to see exponential price increases in 2023, with Dogecoin and Shiba Inu currently selling at lower prices, making them a bargain for investors. Despite a recent 20% price drop, Dogecoin has seen an increase in transactions and is expected to rally in May. Shiba Inu has also seen a decrease in value but has dedicated holders who are burning tokens and working on new projects, making it a good investment opportunity. Additionally, Tradecurve is an innovative hybrid exchange with a presale that is already being compared to the ICO of Binance, offering benefits to token holders and a comprehensive trading experience.
Will Shiba Inu (SHIB) Bounce and Save 350-Day Pattern?
The Shiba Inu (SHIB) price has reached the support line of a long-term pattern, which will determine its future trend. If the price breaks down, a new bearish trend will begin, but if it bounces, it will increase to the triangle's resistance line. The daily analysis shows that the price of the Shiba Inu coin has been trading within a symmetrical triangle since June 2022. The RSI is currently below 50 and declining, but it has also entered oversold territory, which could lead to a potential upward movement in the near future. A breakout from the descending channel is likely to trigger an upward price movement toward the resistance line of the long-term triangle.
Pepe Coin: Potential Risks and Rewards of Investing in the Memecoin
Pepe coin (PEPE) has seen a decrease in trading volume, which could indicate a shift in investor interest. Memecoins like PEPE are considered risky due to their high volatility, so caution is advised.
