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In what is certainly a positive development regarding the health of the meme coin, Shiba Inu (SHIB) has seen its large-scale transactions surge by over 450%. Additionally, the increase in these transactions has equated to 4.5 trillion SHIB actively on the move. Yet, the price has yet to respond to the massive increase in on-chain activity. Specifically, the Shiba Inu token has observed a 454.38% increase in large transactions, according to IntoTheBlock. Indeed, this metric denotes SHIB transactions whose value exceeds a $100,000 threshold. Moreover, the increase occurred in just the last 24 hours. Source – Crypto News Also Read: Shiba Inu (SHIB) Price Prediction for November 2023 Shiba Inu Large Transactions Boom as 4.5 Trillion SHIB Moving The digital asset industry has seen an up-and-down year in relation to its price performance. However, things appear to be turning around amid Bitcoin’s rally above the $34,000 figure. Subsequently, there are some who predict ...

Shiba Inu spiked double digits on Thursday for the first time in over three months. SHIB remained on the back foot throughout Q3 of 2023 but is turning the tables in Q4. SHIB is currently hovering around the $0.00000812 mark and is now looking to delete its fifth zero in the indices and trade at $0.00001. However, Shiba Inu investors want the token to delete all its zeroes and reach the $0.01 milestone. The 1-Cent dream is the heartbeat of a million investors who aim to turn millionaires when SHIB reaches $0.01. Also Read: Shiba Inu: A Driver Makes $1.7 Million With An investment of $650 Source: Coingecko Shiba Inu: SHIB Must Spike 30% Every Year To Hit $0.01 Source: Pixabay The 1-Cent dream might never turn into reality in our lifetime if SHIB fails to increase in price every year. To reach the $0.01 mark, Shiba Inu must steadily rise 30% and above every year for the next 30 years. If SHIB sustainably spikes by 30% in price every year from 2023, it could reach $0.01 only in 2053...

A member of the Shiba Inu team recently took to Twitter to alert the community about a scam impersonating the project’s official Telegram channel. Vet Kusama shared screenshots of a fake “ Shibarium Tech” Telegram channel. The screenshot shows a scammer posing as lead developer Shytoshi Kusama promoting a fraudulent ShibaSwap testing program. I just came across the fake Shibarium tech channel. Please remember “NO AIRDROP”. Stay safe #ShibArmy pic.twitter.com/T6VzaQ8rHE — Vet KUSAMA ™ (@vetkusama) October 16, 2023 Kusama warns the Shiba Inu community of fake channel Kusama warned followers not to use the fake channel or trust any information posted there. He also cautioned that any airdrops offered on behalf of the SHIB team would be an attempt to steal crypto funds. This scam alert comes as the community has faced increased attacks from fraudsters recently. The team reminded investors that the reward token TREAT has not yet bee...

Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce? When the markets are trending, traders should be active if they want to earn money. On the other hand, in a ranging market, it is better to wait on the sidelines with patience, or else traders may lose money due to choppy random moves in either direction. Bitcoin’s (BTC) sideways price action since the sharp fall on Aug. 17 shows that the bulls and the bears are unsure about the next directional move. Therefore, it is better to wait for the breakout to happen before waging large bets. Daily cryptocurrency market performance. Source: Coin360 In the short term, institutional traders also seem to be taking a cautious approach. A CoinShares report showed an outflow of $55 million from digital asset investment products for the week of Sept. 13. What are the important support and resistance levels that need to be crossed for a trending move to start in Bitcoin and altcoins? Let’s study the charts ...

The bankrupt cryptocurrency lending firm Voyager is on a dumping spree days ahead of halting all its operations. Data from Lookonchain indicated that Voyager indulged in a massive sell-off worth $63 million in the last four days. The firm sold Bitcoin, Ethereum, Shiba Inu, Chainlink, Matic, and MANA, among many other cryptocurrencies worth millions of dollars. The sell-offs are ringing alarm bells in the markets, as leading assets could tank in price due to the large volume. Also Read: Shiba Inu: Investment of $103 Turns Into $1 Million in 3 Years Here are the total cryptocurrencies that Voyager dumped in the last four days. 781 BTC – $23 million 9,570 ETH – $17.6 million 1.4T SHIB – $14.4 million 234,660 LINK – $1.74 million 1.87M Matic – $1.27 million 3M MANA – $1.1 million Source: Twitter / lookonchain Also Read: Shiba Inu To Reach 5 Cents? Here’s When SHIB Might Hit $0.05 The bankrupt firm has offloaded 49 other cryptocur...

Shiba Inu has garnered substantial attention as a meme coin with a growing following. It has emerged as a strong contender alongside Dogecoin, and the SHIB team has actively engaged in numerous community initiatives, contributing to the rise in Shiba Inu’s market capitalization and generating interest in price forecasts. Also read: Bitcoin ETF Approval More Likely, Bloomberg Analysts Suggest According to the latest data from CoinMarketCap, Shiba Inu surged by almost 20% in the last few days. The second largest meme coin has surged from a low of $0.000007283 to a high of $0.00001017, before falling to its current price. Despite the slumping market conditions, SHIB has managed to exhibit a notable gain in the last seven days. Here are some of the reasons why SHIB managed to rise considerably. Here’s why Shiba Inu managed to rise The excitement surrounding the impending launch of Shibarium has played a crucial role in fueling SHIB’s recent surge. Market o...

Shiba Inu (SHIB), a cryptocurrency noted for its meme-inspired origins, has seen price volatility. Nonetheless, the project has made tremendous progress in its utility and development efforts. Shiba Inu distinguishes itself from other meme coins by actively participating in development activities and providing regular updates to its community. Also read: Pepe Coin Price Plunges By 17% Amidst Sell-Off In terms of pricing, SHIB has made little improvement. Over the last seven days, the second-largest meme coin fell by 3.4%. In one of the most shocking revelations made by the Arkham blockchain intelligence platform, a large transaction involving 1.362 trillion SHIB has been identified . The transaction, which occurred in less than 24 hours, moved trillions of Shiba Inu to an un identified wallet. Source: Arkham Intelligence The value of the moved Shiba Inu stands at around $10 million According to the current price of SHIB, the fund’s current value stands at around $1...

According to a Japan-based Shiba Inu (SHIB) Twitter account, SHIB’s hardware wallet is estimated to begin delivery by July 24. The user also shared a screenshot of an email from Tandem, SHIB partner in creating the wallet. According to the email, the first batch of the wallets is en route to their Hong Kong warehouse. Customers can anticipate a fulfillment email with a tracking number or link to follow the status of their goods after the product is shipped. ■ @Tangem X #Shib Wallet Delivery Update The first batch of Tangem X SHIB wallets is on the way to our warehouse in Hong Kong. Our logistic team will send you a fulfillment email after the item has been shipped. The estimate delivery start date is July 24. pic.twitter.com/g5BXNJYddJ — KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) July 3, 2023 Tangem has also given a discount code for customers’ patience and understanding. Users can receive a 10% discount on their purchase by using the cou...

Also Read: Ripple Counsel Withdraws From Case; US SEC To Gain Upper Hand? advertisement Shiba Inu Faces Selling Pressure As per Spot On Chain, a crypto whale shifted 499.6 billion Shiba Inu Coin (approx price $4.2 million) to crypto exchange Hotbit in a single transaction. It is important to note that the whale wallet came from a dormancy of 7.5 months. The whale is looking to take an exit from its accumulation spree in 2022. Shiba Inu price is on a constant decline despite the announcement of its much anticipated “SHIB THE METAVERSE”. SHIB price is trading at an average price of $0.000008, at the press time, down by 32% in the last 90 days. However, the whale is still in profit on its SHIB holding by 200%. Source: Spot On Chain As per the data, the whale wallet made an estimated profit of $70 million in 2021 Shiba Inu hype. It moved around 900 billion to Hotbit when Shina Inu was trading at an average price of $0.000065, making a profit ...

According to prominent Shiba Inu (SHIB) influencer “Lucie,” the SHIB cold wallet storage might release this week. However, Lucie did mention “probably” as there is no official word on the launch. The original message is from Shiba Inu’s Shibarium Discord server, which says, “For cold wallet part. Update or announcement after few days or earlier if everything goes well.” Cold wallet coming this week ( Probably) What is it? A cold wallet, also known as a cold storage solution 1, is a type of cryptocurrency wallet that is not connected to the internet. It securely stores a user's private keys offline, usually on a physical device, to protect… pic.twitter.com/mHdL6fAN1p — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) May 9, 2023 The announcement which is planned to happen in the next few days might give further insight into the Features of the wallet initiative. According to speculation, some of the Features may include enhanced security, Shibarium integration, multi-asset support, and co...

Shiba Inu prides itself on deleting six ‘zeroes’ in 10 months in 2021, making early investors millions. The ‘zero’ deleting spree attracted thousands of new and first-time investors into SHIB who wanted to taste its success. Unfortunately, the gates closed right under their nose after SHIB reached its all-time high of $0.00008616 in October 2021. The dog-themed token is struggling to reclaim its previous glory and dipped throughout 2022. The tables did not turn in 2023 either, as SHIB remains trading sideways testing the patience of investors. Also Read: Shiba Inu: AI Predicts When SHIB Could Delete Its Next ‘Zero’ Can Shiba Inu Reach $0.001 in 2023? Source: Instagram / Nickelpack / Kenta Hayashi Shiba Inu is currently trading at $0.00001100 and to reach $0.001, it needs to delete two ‘zeroes’ in the next eight months. For that to happen, SHIB needs to rally similarly as it did in early 2021 and repeat the astonishing feat. So will it rise as it did in the past and deli...

Shiba Inu (SHIB) is witnessing a massive surge in its burn rate. As per the data on Shibburn, SHIB’s burn rate has spiked by 30,929.37%. The burn tracker also noted that one transaction led to the burn of 1.4 billion SHIB tokens. Source: Shibburn The project behind the 1.4 billion SHIB burn is none other than Koyo Token. The value of the 1.4 billion SHIB is $16810.63 at the moment. However, this is not the first time the project has taken the initiative of burning large amounts of SHIB tokens. The project calls itself an ally of Shiba Inu (SHIB) and actively participates in SHIB burns. In late March, Koyo Token decimated 733 million SHIB tokens, worth approximately $8000 at the time. According to the Twitter handle “Tezza Decentra,” Koyo Token has burned 8.75 billion Shiba Inu (SHIB) tokens in the last 36 days. The value of 8.75 billion SHIB is approximately $98,000. Supporting @KoyoToken is to support @Shibtoken 1.49Billion $SHIB just burned by $KOY smart contract http...

The year 2022 was marred by a frigid crypto winter, as interest rate hikes forced investors to do away with risky investments. Conversely, 2023 has seen something of a resurgence in the digital asset sector. Yet, with Shiba Inu seeing its price grow steadily over the past three months, is it time to sell SHIB? The question of when to sell is a convoluted one, and every investor faces the dilemma. Moreover, as the industry is set to be confronted with continued macroeconomic factors that could have unpredictable results, the prospect of selling assets like meme coins becomes a favorable one. The Case to Hold Source: News.com.au As previously stated, the devastation that 2022 wreaked on crypto was horrendous. Specifically, the entire industry plummeted from $2.2 trillion at the start of the year to fall under $800 billion. However, as 2023 arrived, so did renewed optimism and data to match. Particularly, Shiba Inu was among those that benefitted the most. Furthermore, as ...