Tag: Shiba Inu

BlueWhale0073, an Ethereum investor, continues to invest in Shiba Inu, purchasing 219 billion meme tokens. The whale also made a purchase of 50 billion SHIB on 20th April. His most recent acquisition of the canine cryptocurrency is almost 5x bigger than the one made last week. WhaleStats has confirmed that an impressive amount of SHIB (219,332,229,787) equivalent to $5,454,792 was sent to the whale’s wallet. He had earlier added 86 billion SHIB worth $2,111,500 to his wallet on April 23.   Related Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter The owner of the “BlueWhale0073” wallet is one of the biggest buyers of SHIB. The whale has bought over 2 trillion Shiba Inu between April 10 and April 23.  However, the transaction page shows that the whale has already sold most of his SHIB tokens, leaving him with less than one billion Shiba Inu — 906808367.54 worth $22,010. As per the wallet page, 90% of its inflowing and outgoing cryptocurrency comes from SHIB. BlueWhale0073 is not the only Ethereum whale investing in Shiba Inu; other whales have been buying up the meme coin recently. For example, on April 25th, whale “Bombur” acquired 52 billion SHIB worth $1,178,967. Following Dogecoin, SHIB Also Increased by 10% The Shiba Inu rose 10.09% on Monday following a massive surge in Dogecoin. DOGE had skyrocketed after reports that Twitter had accepted Elon Musk’s bid to buy the social media giant. The news of Elon Musk’s purchase on Twitter saw Dogecoin spike over 13% in minutes. After these pumps, the billionaire had officially confirmed it, prompting money to pour into Dogecoin. The price of Dogecoin has continued to rise in value, with the past 24 hours showing an increase of around 32%. The coin is currently trading at $0.164.  Dogecoin maintained most of its gains, but SHIB has already lost a portion of yesterday’s profit. Shiba Inu is currently trading at $0.00002413.   Related Reading | TA: Ethereum Reclaims $3K, Can The Bulls Clear This Key Hurdle Shiba Inu Creates New Burn Mechanism To Get Reward The creators of the SHIB coin have released a burning mechanism that allows token holders to burn their tokens while earning passive income. If investors want to burn their SHIB tokens, they can use the Shiba Inu burning portal. This will send their tokens to a burn address, where they will be lost forever. This effectively introduces a way to reduce the total number of tokens in circulation, making them scarcer and more valuable. Featured image from Pixabay and the chart from Tradingview  

Shiba Inu had picked up momentum just a week back when it soared by 35% following the news of the Robinhood listing. The broader market currently exhibits weakness as Bitcoin continues to struggle beneath the $40,000 mark. Ethereum also was priced at $2900 at press time. The king altcoin was rejected from the $3000 level over the past trading sessions. The meme-coin is consolidating at the moment. SHIB has been sandwiched between $0.00003000 and $0.00002000 respectively. Buying strength subsequently has been adversely affected owing to the consolidation. In the last 24 hours, Shiba Inu lost 3% of its value and over the past week, it depreciated by 7%. The global cryptocurrency market cap was at $1.93 Trillion with a fall of 1.4% in the past 24 hours. Shiba Inu Price Analysis: One-Day Chart Shiba Inu was priced at $0.00002369 at the time of writing. Prices had been moving sideways for a considerable period of time. Buyers have decided to steer clear of the meme-coin as the short-term reading depicts bearishness on the charts. The coin, however, flashes a bullish pattern on the one-day chart. The above chart displayed the “Adam” and “Eve” pattern continuously for the 109th day and it continues to exhibit the same. This technical formation is considered to be bullish. The two distinctive valleys that have formed on the charts are referred to as Adam (Triangle) and Eve (Semi-Circle). At $0.00003289, SHIB is expected to experience a break-out and then aim for $0.00004436 and that would mean a 60% hike from the current price level. If Shiba Inu falls in value further, the nearest support line stands at $0.00002068. Suggested Reading | Metaverse Madness: Watch These 3 Metaverse Coins – The Sandbox (SAND), Shiba Inu (SHIB), Pac-Man Frog (PAC) Technical Analysis: Four Hour Chart Consistent consolidation has left buyers in a dilemma, whether to HODL or not. As seen in the above chart, buying strength has considerably fallen over the past week. Over the next trading sessions, SHIB could breach its present price level and fall to the next price floor. On the Relative Strength Index, SHIB was seen below the 40-mark which would soon touch the oversold territory. Upon touching the oversold mark, SHIB could fall further. Chaikin Money Flow that determines capital outflow, has suggested that inflows were lesser than outflows. SHIB’s prices were settled below the 20-SMA line since the past week and was the same at press time. This determined that sellers had control over the market and they were in charge of the price momentum. The above reading also confirmed the bearishness in the market. Awesome Oscillator suggests the current price momentum of the coin. AO displayed red histograms underneath the half-line and that meant that SHIB was in negative price action. A resurgence of buyers could immediately help SHIB get out of the price consolidation. Suggested Reading | Move Over Bitcoin – Is Shiba Inu The Next Crypto Gold?

Shiba Inu still remains a whale favorite going by the activities of the top Ethereum whales in recent days. These whales seem to be undeterred by the low prices of the meme coin and rather continue to buy the digital asset in the millions. The latest purchase from an Ethereum whale has the community at the edge of its seat as one whale singlehandedly bought almost $5 million worth of the cryptocurrency, showing that interest in it has far from waned. Ethereum Whale Hoards SHIB A report from WhaleStats showed an enormous Shiba Inu purchase by an Ethereum whale. This whale known as “Bluewhale0073” made the purchase on Monday and has bought 193,098,244 SHIB in the transaction. It came out to a total dollar value of $4,821,938 at the time of this purchase. 🐳 ETH whale “BlueWhale0073” just bought 193,419,098,244 $shib ($4,821,938 USD). Ranked #5 on WhaleStats: https://t.co/RBupemZyZX Transaction: https://t.co/dcjl0mldog#SHIB #ShibArmy — WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 18, 2022 Related Reading | TA: Ethereum Reaches Key Inflection Zone, $3,100 Is The Key This purchase had brought the total amount of SHIB held by the top 1,000 Ethereum whales to $1,602,881,412. This makes it the most widely held token by the top Ethereum whales. Additionally, the Shiba Inu contract had made it onto the list of the top 10 contracts that the whales had interacted with for the past day.  The token is now ahead of FTX Token as the highest holding by dollar value. It is also 5th on the top 10 most purchased tokens by the top 1,000 ETH whales in the last 24 hours. On Monday, another Ethereum whale, known as “Bombur” had also purchased 50,520,317,707 SHIB for $1,241,789. This marks an accumulation trend among these top whales when it comes to Shiba Inu. 🐋 ETH whale “Bombur” just bought 50,520,317,707 $shib ($1,241,789 USD). Ranked #20 on WhaleStats: https://t.co/3ADbDHvWPW Transaction: https://t.co/ctZQVa0naq#SHIB #ShibArmy — WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 18, 2022 Shiba Inu On The Charts Despite the reviewed interest in the cryptocurrency, it is not faring as well as expected on the charts. Shiba Inu continues to trend around the $0.00002 level, showing reduced momentum at this point. This has put the digital asset below its 50-day moving average. And for an asset like SHIB which thrives on hype, falling below this point can signal more downtrend to follow.  SHIB trending at $0.000025 | Source: SHIBUSD on TradingView.com A flash dip in the early hours of Monday had seen its price dip to $0.000023 but presumably, the activity from the Ethereum whales had helped boost the price back up. Nevertheless, the meme coin continues to trade more than 60% below its previous all-time high. Related Reading | Crypto Market Cap Falls By $80 Billion In A Day As Bitcoin Dumps Below $40K At the time of this writing, SHIB is trending at $0.000025 with a total market cap of $13.7 billion. It is now the 15th largest cryptocurrency by market cap, having fallen behind competitor, Dogecoin. Featured image from Watcher Guru, chart from TradingView.com

Popular brokerage firm Robinhood listed Shiba Inu (SHIB) for its users. After months of rumors about this listing, the platform made it official via its official Twitter handle. Related Reading | Robinhood To Roll Out Crypto Wallets To 1,000 Users In Phase One In addition, the platform announced a $100,000 crypto giveaway to incentive Shiba Inu (SHIB) adoption. Users have a chance at winning a portion of the price by interacting with Robinhood via Twitter. We dropped new crypto 👀 And we’re giving away $100K of it. Quote tweet this tweet with your Robinhood Username (@ included!) to get some 🪙 #RobinhoodCrypto The first 10K quote tweets will receive $10 of SHIB. pic.twitter.com/0jsBKYfJvw — Robinhood (@RobinhoodApp) April 12, 2022 The announcement had a positive impact on the price of SHIB and the prices for Solana (SOL), Polygon (MATIC), and Compound (COMP). Immediately after, the cryptocurrency began an upward trend from its yearly lows. Data from CoinGecko indicates that SHIB rose from $0.00002000 to $0.00002680, at the time of writing. This represents more than a 20% increase in the last 24-hours compared to a 1% profit in the past week. As expected, with the price bump, the cryptocurrency experienced an increase in volatility and its trading volume. This could provide dangerous conditions for market participants. Research firm Santiment records a 30% pump for Shiba Inu (SHIB) making it the best performer of the crypto listed today on Robinhood. Santiment noted: Shiba Inu, Solana, Polygon, and Compound were all listed on #Robinhood today. Notably, $SHIB saw the biggest increase in interest, with a +30% pump. Trading volume is high, and all four of these assets should be expected to have very high volatility. Additional data provided by Material Indicators (MI) records an increase in buying pressure from retail investors (yellow in the chart below) and from investors with bids orders of around $100,000. The latter seems to be exercising great influence over SHIB’s price action. Other investors classes (in green and red) with smaller asks orders have been selling into SHIB’s current rally. In the short term, large investors need to push the price to about $0.000028 to potentially see an extension of the bullish momentum.   Shiba Inu (SHIB) To See Launch Of More Use Cases In support of the bulls, the team behind Shiba Inu announced the launch of the first stage of their Metaverse project. This stage has been dubbed Bid Event and will enable LEASH and SHIBOSHI holders to become early investors. In order to participate, users must connect their wallets to the SHIB.io website. In addition, the community will see more use cases for SHIB. Related Reading |  Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors As the team behind the project claimed, the token will be used in their native Metaverse platform for users to perform activities, rename land plots, and lease land. These use cases will burn a certain amount of SHIB which could contribute to the bullish momentum.

Despite the backlash it receives from cryptocurrency analysts, the Shiba Inu meme coin continues to make a loud noise, and on March 30, it revealed additional details regarding its own metaverse, which will be appropriately named SHIB.
The project curr…

While the number of Shiba Inu (SHIB) coin holders has been steadily increasing over the last three months, the decentralized token just saw a significant loss of over 32,000 holders in a single day.
According to CoinMarketCap data, the number of SHIB h…

After a 10,000% profit over the past year, Shiba Inu (SHIB) trends to the downside with the rest of the crypto market. The meme coin had a surge driven by retail investors looking to ride the rally but has been unable to recover after a long period of persistent selling pressure. Related Reading | Can Shiba Inu Break Past The $1 Mark? Here’s How It Can At the time of writing, Shiba Inu (SHIB) trades at $0.000022 with a 6% and 30% loss in 24 hours. However, data provided by several monitors seems to suggest a change of dynamic in SHIB holders. Retail investors and speculators appear to be dumping their tokens, in favor of larger investors. Data from Material Indicators (MI), for lower timeframes, record retail investors have been selling into the recent relief price action. Although it has reverted into further losses, investors with bid orders from around $100 continue to dump their bags. As seen below, these investors have been massively selling funs in lower timeframes while investors with bid orders from around $1,000 to $10,000 buy. Total orders still trend into negative territory, but selling pressure seems to be absorbed by SHIB whales. However, while large investors in the green class, as the chart shows, continue to buy the downtrend, SHIB’s price should find support. Further data provided by MI indicates the cryptocurrency is sitting at support, but with close levels of resistance. This could explain why SHIB seems stuck and could remain in its current rage, at least, in the short term. IntoTheBlock records a surge in trading volume for Shiba Inu (SHIB). The metric accounts for 81% of total on-chain volume, the monitor shows, with transactions greater than $100,000 for a monthly high of $389 million. In other words, SHIB whales have been increasing their activity as the price rose to $0.000034. Shiba Inu (SHIB) Holders On The Rise The average SHIB balance has risen 39% in the last 24-hours, as the price showed potential signs of recovery. The trading volume last saw a similar spike back in October 2021, before an unprecedented SHIB price rally to its current all-time high. Total SHIB holders stand at close to 2 million which could benefit if the price repeats a similar performance. In addition, Whalestats indicates a multi-month surge in activity from unique traders. Related Reading | Shiba Tron, The Shiba Inu And Floki Inu ‘Killer’ That Soared 1,000%, Is A Potential Scam The cryptocurrency could benefit from a new product. Crypto exchange Binance offered a chance to claim a share of $100,000 in SHIB as part of a welcoming offer for news users. The official Twitter handle for Shiba Inu said: Since last year, SHIB has been a star for crypto adoption. Is clear to understand why #BinanceLovesShib and why they have launched a campaign to make getting into Shib even more attractive!

This token, named after the surprising hit of 2021, Shiba Inu, has almost no value. Fortunately, the bogus token was spotted early on, preventing Shiba Tron from duping other users.
Shiba Tron (SHIBT) is a new addition to the growing pack of meme curre…

This past year, Shiba Inu rose by 45,000,000%. As of Wednesday, the focus is more on achieving a huge milestone than on making future percentage increases.
SHIB remains active, with a current price of $0.00002498, a 24-hour low of $0.00002357, and a 24…

The innovators of the popular meme coin Shiba Inu announced that the protocol will soon offer plots of virtual land in a soon-to-launch metaverse, causing the value of ecosystem tokens such as LEASH and SHIB to surge by nearly 50%.
Metaverses are a bro…

Meme coin Shiba Inu recently announced its move into the metaverse. The ‘Shibverse’ as it’s called will usher the cryptocurrency into a booming space, presumably to provide more utility for the digital asset. This news is no doubt well received by the community as it allows SHIB to participate in what is a booming industry. But how has the price of the digital asset reacted to this so far? Shiba Inu Announces Shibverse Shiba Inu, one of the most popular meme coins, and winners of 2021 has announced that it would be making its debut in the metaverse with the Shivers. It comes as no surprise as the team has been forthcoming about working on more use cases for the cryptocurrency. Previously, the Shiba Inu team had announced that it was launching its own game, where SHIB will serve as the utility token. Related Reading | Ethereum Bullish Signal: Number Of Holders With 1 ETH Touches New ATH The announcement tweet has included a sneak peek of the metaverse, which featured a high-resolution picture of the popular Shiba Inu dog breed standing in the middle of the woods with what looks like a pickaxe in its mouth. As promised, we are so excited to announce our first special surprise for the year #ShibArmy! In 2022, we are reaching new heights and welcoming the #Shiberse 🌎. An immersive experience for our ecosystem and the Metaverse space! We can’t wait to show you more. Woof! 🐶 pic.twitter.com/tCRQ1m1RiT — Shib (@Shibtoken) January 24, 2022 Given the popularity of the metaverse in recent months, it is no surprise to see more established projects entering the space. Social media giant Facebook (now Meta), is one of the most notable entrants, rebranding its name and image to fit into its metaverse mission going forward. The retail chain, Walmart, has also made moves into the metaverse according to a number of patent filings that were made public. How Has SHIB Fared On The Charts Following the announcement of Shibverse, the price of the digital asset had responded positively. One thing to note is that SHIB has been on a downtrend since it hit its all-time high last year and has continued on this path. News like these are expected to help the value of coins like Shiba Inu but the cryptocurrency seemed adamant to continue its journey downwards. SHIB trending at $0.00002 | Source: SHIBUSD on TradingView.com The announcement had triggered a small rally in the price of the altcoin, sending it above the $0.0000225 point. However, this would prove to be only temporary as it continued downward. Related Reading | Ethereum Whales Quietly Filled Up On ETH While Broader Market Panicked Sentiment for the meme coin remains firmly in bearish territory, which does not spell good news for the long-term performance of the digital asset. Additionally, the majority of Shiba Inu holders are now at loss, making it a less than profitable venture for crypto investors. In the last 24 hours, SHIB has continued to trend low hitting a low point of $0.00002. As the new week is ushered in and the market begins to open up, there could be some upside seen in the price of assets, although it is unlikely that it will be significant in any way. Featured image from Thewistle, chart from TradingView.com

Shiba Inu first appeared on the scene as a joke-coin in 2020, aimed squarely at the top dog of the time Dogecoin. The meme coins uccessfully marketed its way to the position while avoiding rumors of a fraud and what appears to be a slow but steady star…

Meme tokens are cryptocurrencies with increased popularity within a short period. The remarkable acceptance of this type of cryptocurrency comes from the activities of retail investors or influencers. As a result, the meme cryptocurrencies have experienced tremendous growth throughout 2021. This explains the new market capitalization of the coins, which is more than 43 billion. The meme cryptocurrencies are gaining more adoption in different sectors, of which Dogecoin and Shiba Inu are the top tokens with astronomical increases. In addition, some companies like AMC Theatres, Guaranty Escrow, EasyDNS, and others now accept Dogecoin for payment. Related article | Only In Crypto: A Croissant Breaks Down How GameStop & NFTs Will Boost Ethereum Here are some of the meme tokens you can include in your digital portfolio. Dogecoin (DOGE) Dogecoin has taken the lead is the top and most profitable meme coin for your investment. With the influence of Elon Musk, the CEO of Tesla and SpaceX, Dogecoin, witnessed significant growth in 2021. Furthermore, the billionaire CEO, Musk, announced in December 2021 that Tesla adopted Dogecoin as one of the payment options. Besides Tesla, other companies are interested in this fast-growing dog-themed meme coin. For example, AMC Theatre, one of the prominent theatres with the most significant number of branches, indicated its acceptance of DOGE as a payment method. The move of this number meme token has put its market cap at 22.7 billion while its price at the time of writing is $0.1582 showing a dip of 7% within the last seven days. Dogecoin had its all-time of $0.73 on May 3, 2021. Analysts predict that this meme coin will hit $1 in a few months from its price performance. Shiba Inu (SHIB) Shiba Ina Coin has made a remarkable increase making its way to the top ten cryptocurrencies. SHIB stands as one of the top meme tokens for profitable investment with its price performance. It has competitively raced with Dogecoin to emerge as ‘the most searched cryptocurrency for 2021’. Coinmarketcap gave a record of more than 188 million views for Shiba Inu as the top as Bitcoin follows behind it with about 145 million views. This meme coin has a market cap of over $18.2 billion. Its price at the time of writing is $0.000033, indicating a dip of 2.19% within the last 24 hours. Shiba Inu hit an all-time high of $0.00008 in October 2021. Dogelon Mars (ELON) Dogelon Mars is derived by joining Dogecoin and Tesla’s billionaire CEO, Elon Musk, promoted Dogecoin. As a result, this meme coin has risen to be number 3 meme tokens and stands as an excellent investment means for profit. By following the steps of Dogecoin, Dogelon Mars has become one of the top meme coins that are highly sought for. Some crypto exchanges such as Huobi, Gemini, Crypto.com now support the meme coin on their platforms. The dog-themed coin boasts a market cap of about $869 million. Its price is $0.000001328 showing a drop of 5% within the last 24 hours at the time of writing. Samoyedcoin (SAMO) Samoyedcoin shares some similarities with the Solana Network. However, the meme coin enables high scalability, speedy transactions, and low fees. Furthermore, the meme coin ensures scarcity through its token burns three times from its launch time. The last destruction in November 2021 resulted in the burning of up to 500 million SAMO tokens. This meme coin has a market cap of about $124 million. At the time of writing, SAMO is $0.03174 showing a drop of 3.36% within the last 24 hours. MonaCoin (MONA) Created in December 2013, Monacoin operates as an open-source p2p network. This meme coin was developed in Japan as the first altcoin. It later boomed after being used in an advert for buying land in Nagano. Related article | Why was 2021 an important year for NFT? Monacoin currently has a market cap of about $77 million. Its price at the time of writing is $1.11, with a 1.95% dip within the last 24 hours. The meme coin had its all-time high in 2017 and is considered one of the investment tokens to boost your profit. Featured image from Pexels, Charts from TradingView.com

With Dogecoin and Shiba Inu at the center, 2021 observed an incredible memecoin mania.. Both DOGE and SHIB saw rallies that were unprecedented even in the crypto world.
Dogecoin Vs Shiba Inu: The Stage Of The 2021 Memecoin Mania
2021 had some absurd me…

Memecon Shiba Inu has continued to struggle this week as the crypto has lost 17% in value over the past seven days.
Shiba Inu Continues To Decline As Whales Start Taking Profits
DOGE’s cousin coin, SHIB, has been struggling this month as it tumbl…

AMC Theather, the largest movie theater company in the world, announced that they will be accepting Shiba Inu (SHIB) as a payment method through Bitpay, becoming their first client to do so. The company has been working on accepting diverse cryptocurrencies as payment methods for a while and now offers to do so through PayPal, which allows payments in Bitcoin (BTC), Ethereum (ETH), Lietcoin (LTC), and Bitcoin Cash (BCH). However, AMC is also interested in accepting the meme cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB) because of the remarkable popularity both showed on Twitter during polls made by the theater chain CEO Adam Aron. When CEO Adam Aron conducted the last Twitter poll, Shiba Inu got 124,623 votes in favor, which takes us to this new announcement in which Shiba Inu shares its spotlight with Bitpay. In about 3 months PayPal will cease to be the only payment method that supports cryptocurrencies on the AMC website. Related Reading | AMC Theaters Considers Accepting Shiba Inu As Payment Amid Growing Interest Bitpay, as a payment method for the theater chain, does not only allow more cryptos as options -a great marketing strategy for AMC-, but it also emphasizes Paypal limitations with only four crypto coins and services that lack many great features offered by actual crypto wallets. PayPal Gives Fake Numbers As Crypto, Users Say At the beginning of the year, Paypal launched a new service enabling its customers to “buy, hold and sell cryptocurrency directly from their PayPal account”. Ever since, they reported a 22% yearly increase of active accounts in Q3, now having 361 million users. For Paypal, this seems to have worked as a rewarding marketing strategy, since the main intention was to attract clients that might stay for other features. However, Paypal does not provide its users with a crypto wallet and there are no private keys. The crypto bought in PayPal can mostly be useful inside its retail network. Essentially, what the platform does is hold the user’s cryptocurrencies on its behalf, but does not provide them with a real one. Using Paypal also implies no anonymity and limited options to use the funds, which, for many, defeats the purpose of crypto. Back to when the company made the announcement, many Reddit users described the feature as something that gives “fake numbers as crypto”, stating that this is not an intent of adoption of crypto, but the monopolization of it, and if the mainstream adoption of crypto were to follow this path, it would not be different as “the banks holding all the money”. One user suggested that PayPal “will simply let people think they are using Bitcoin when they’re really not, and then use the blockchain as a settlement layer. And then we’re right back in a central bank dystopia.” PayPal expanded this feature towards Venmo. A spokesperson shared with Bloomberg  that offering crypto is “part of Venmo’s continued evolution from a peer-to-peer payments app to a more holistic offering that our customers rely on in their everyday financial lives.” Related Reading | PayPal Co-founder Peter Thiel Admits He Underinvested In Bitcoin PayPal Vs. Bitpay PayPal’s crypto announcements did have some highlights, as its already wide platforms could increase the public’s acceptance of major coins. Some even thought that it could also increase their value, and saw the possibility for the company to allow withdrawals of coins eventually. However, BitPay crypto-related features are not only better, but truer to crypto ideals. Users claim Bitcoin transfers from other wallets to BitPay are easy, it allows payments from anywhere, Bitcoin can be directly transferred into a debit card or exchanged for other currencies. Creating a Bitcoin wallet in the platform allows the user to spend the coin anywhere by offering to turn it into dollars. Non-custodial wallets, such as BitPay’s, are described as decentralized because the customer gets to own its private keys and has total control over their funds, opposingly to PayPal’s service. The rating for user satisfaction between the two platforms reads BitPay (100%) vs. PayPal (97%) according to FinancesOnline. Now being under the eye of AMC’s huge customer base and SHIB’s enthusiasts, will BitPay be overshadowing PayPal as a payment method?