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Shiba Inu, a notable and second-largest meme coin in the cryptocurrency market, has garnered significant attention. The development team has been actively engaged in initiatives like the Shiba Inu Burn, reflecting their dedication to the coin’s progress. The Shiba Inu burn rate has been subject to fluctuations, with some days witnessing higher numbers while others show a decline. However, in recent times, the burn rate has displayed relative stability, with a consistent daily burning of millions of SHIB. Also read: Ripple (XRP) Spikes Over 11% to Become Top-Performing Major Crypto According to the latest details from Shibburn, the SHIB burn rate has skyrocketed by 36210% amidst positive market conditions. SHIB Burn rate soars by 36210% Shibburn data shows that 173.2 million SHIB have been sent to dead wallets in the last 24 hours. One large transaction that occurred 19 hours ago sent 100 million SHIB to the dead wallet. The spike in the burn rate has prov...

In a rather surprising development for the market as a whole, Shiba Inu (SHIB) large transactions are up a remarkable 420%, with trillions of the meme coin on the move. Specifically, the asset has seen whale activity reach massive heights over just the last 24 hours. Large-scale transactions are recognized by IntoTheBlock as transactions that are valued above $100,000. Subsequently, the firm has noted a massive jump in those kinds of trades involving the Shiba Inu token. Additionally, the price of the asset has noted a 3% increase over the last 24 hours in conjunction with the transaction surge. Source – Outlook Also Read: Shiba Inu to Reach 3 Cents? Heres When It Could Happen Shiba Inu Large Transactions Jump 420% Over Last 24 Hours Few digital asset communities are as passionate or coordinated as the SHIB Army. Moreover, few meme coins have worked as hard as the SHIB development team has at creating utility in the immensely popular altcoin. Now, amid a rather stark d...

FLOKI's gains coincide with the launch of its tokenization platform, TokenFi, but is the rally sustainable? Bitcoin's (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins , including Floki (FLOKI), which has beaten its top rivals in percentage gains. FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launch As of Oct. 27, FLOKI had surged over 140% to $0.00004261, its highest level in five months. The memecoin, known for its controversial marketing tactics, started rallying after New York-based Grayscale Investments filed for a new spot Bitcoin exchange-traded fund (ETF) on NYSE Arca, as shown below. FLOKI/USD daily price chart. Source: TradingView Looking at the past 24 hours, FLOKI's gains have picked an additional boost from the launch of its tokenization platform, TokenFi, with its own native token, TOKEN, on Oct. 27. Notably, users will be allowed to stake their FLOKI holdings to receive TOKEN. $FLOKI is launching staking and a new tokeniz...

Late last month, Shib Association revealed that it is building a new Shiba Inu (SHIB)-focussed blockchain. Shib Association is a new SHIB-focussed initiative that was started by the team behind Shibburn. The initiative is an attempt to drive up SHIB adoption. As per a recent tweet, the new blockchain will not be a fork of SHIB, nor a fork of a fork. Rather, it will be a new “layer 1 blockchain from the ground up.” The Shib Association team has revealed that the native token for the new blockchain will be pegged to SHIB. However, it will operate independently with its own consensus and security model. The team claims that the new blockchain will have solid use cases, which would appeal to a large audience. However, they have not revealed what these use cases might be. Also Read: Shiba Inu Burn Tracker Reveals New BlockChain to Burn SHIB Furthermore, the new blockchain will probably help in the burning of Shiba Inu (SHIB) tokens. As per the tweet, they “want t...

Shiba Inu (SHIB) has turned many early investors into millionaires, and in some cases, even billionaires. Between its launch in August 2020 and reaching its all-time high in October 2021, SHIB grew by a whopping 8862274%. In that period, many lucky investors were able to book massive profits. However, many only joined the SHIB bandwagon after it reached its all-time high. If an investor put in $100 every week since Shiba Inu’s (SHIB) all-time high, they would have invested $10,200. However, SHIB has been on a downward trajectory since its 2021 highs. According to CryptoDCA, the same $10k investment would be worth only about $6,235 today. This represented a loss of 38.87% and a value drop of about $3,964. Also Read: Dogecoin: If You Put $100 Every Week Since 2013, Here’s Your Gain Source: CryptoDCA However, if an investor had put $100 every week into SHIB since its launch, they would have invested about $16,100. However, the investment would have been worth more than $17...

Owing to the volatility, crypto is generally considered to be a ‘quick’ money-making asset class. Over the years, several traders and investors have successfully cracked the code and earned millions by trading and investing in crypto. At the same time, investors have also lost their capital while taking uncalculated risks and attempting to play with fire. In this article, we will look into the case of how a manager became a millionaire within a short span of time by investing in Shiba Inu. Also Read: Shiba Inu: How Many SHIB Tokens Does Elon Musk Own? Manager ‘Cried’ After Making $1 Million by Investing in SHIB A couple of years ago, i.e., in 2021, Rob, a former supermarket warehouse manager , was looking to inflate his savings. As he was researching investment alternatives, he stumbled upon Shiba Inu’s ‘woofpaper.’ In an interview with Fortune, he asserted that he got “hooked” after reading the project’s white paper and ...

Shiba Inu became nothing less than a money-printing machine between 2020 to October 2021. Those who invested in 2020 made millions of dollars when SHIB reached its all-time high of $0.00008616 in October 2021. However, one investor made life-changing gains that could last generations. The transaction was touted as the ‘greatest trade of all time’ in Shiba Inu and no other investor could beat his feat. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $8 The rags-to-riches story occurred in just 400 days making the holder tell a tale of unbelievable richness. Arguably, he is the only lucky SHIB investor to have made it this big in life in a short period. Shiba Inu: Story of the ‘Greatest Trade of All Time’: $8,000 Turned to $5.7 Billion Source: Unsplash A Shiba Inu investor had brought $8,000 worth of SHIB tokens during its early days in 2020. SHIB was trading with 10 ‘zeroes’ in the indices back then when he took ...

NOWNodes, the popular blockchain infrastructure company, has revealed the Shibarium RPC Full Node for Shiba Inu’s (SHIB) layer-2 network. An RPC Full Node is a development environment that facilitates more direct interaction with a blockchain. According to NOWNodes, this new tool will offer “zero limits” to developers and crypto companies in regards to building on Shibarium. The company announced its support for SHIB’s layer-2 network back in February of this year. NOWNodes is currently looking for collaborations after deploying their Shibarium nodes. One popular partnership is with Tangem and its Shibarium integrations. Tangem had previously released a Shiba Inu (SHIB)-focused cold wallet in July. NOWNodes stated via X, “Build, create, enhance—we’re here to support builders on Shibarium!” Although the launch was botched with heavy traffic, leading the network to be paused, Shibarium continues to hit new milestones regularly. Daily tra...

Shiba Inu’s marketing strategist Lucie has offered instructions to help users reduce the risk of encountering phishing links and fraudulent schemes when using Shibarium. Lucie, Shiba Inu’s marketing specialist, has cautioned the public against potential exploit ation risks on Shibarium, the newly-released Ethereum layer-2 scaling protocol. According to a post by the executive on X (formerly Twitter), Shibarium is accessible for development by anyone, similar to other blockchains like Polygon and Ethereum. However, this openness also makes it vulnerable to potential attacks. Malicious entities could exploit the platform to target decentralized applications constructed on the layer-2 network or deploy fraudulent rug pull tokens. Users should exercise caution and remain vigilant, as some exploit ers might even utilize the Shibarium name in their scam project titles, Lucie highlighted. Similar to Polygon, Ethereum, and other blockchains, Shibarium is open for anyone to build on. Regret...

If SHIB holds above $0.00001 and sustains movement past the upper descending trendline, this trend reversal is bound to stay in place, aiming for $0.000015 and $0.00002 targets, respectively. advertisement Shibarium Launch Teases Another Shiba Inu Rally Investors have been anticipating the launch of Shibarium since last year amid frequent delays and a developer team that says it is prioritizing quality over time-based deadlines. Over the last few weeks, discussions on the topic have intensified – triggered by an announcement that the actual launch is around the corner. As reported, the new Shibarium protocol would be a game changer for the SHIB ecosystem, especially with reports of over 250,000 daily transactions on the testnet. In total, the test protocol has processed at least 25 million transactions. Recommended Articles Crypto Presale Projects F...

Shiba Inu is a meme coin that has gradually risen to become one of the leading meme coins. Over time, it has garnered a sizable community of supporters. The surge in its price and several developments have contributed to the formation of a dedicated community often referred to as the “SHIB army.” Also read: Worldcoin WLD Market Cap Surges to $350 Million, Price Doubles According to the latest data from IntoTheBlock, SHIB is emerging as a popular cryptocurrency for new investors. IntoTheBlock’s indicator in question centers around analyzing the ratio of new addresses engaging in their initial transaction compared to the total number of active addresses on a specific day. By doing so, it provides valuable insights into the proportion of overall activity within the network that can be due to newcomers. Shiba Inu investor interest surged from 30% to 65% Data shows a surge from 30% to 65%, indicating a spike in new investors’ interest in Shiba Inu. ...

Amidst the ongoing meme coin frenzy, relatively older meme coins like Dogecoin [DOGE] and Shiba Inu [SHIB] continue to remain relevant. The increased number of transactions in these respective networks and adoption proves the same. The Shiba Inu, in particular, has been moving ahead untethered by the advent of new meme coins like PEPE. While the top ten crypto assets experienced a significant decline in terms of large transactions, Shiba Inu (SHIB) was moving in the opposite direction. According to data from IntoTheBlock, the Shiba Inu network noticed a notable increase in large transactions, reaching a value of $9.9 million. This surge occurred within the last 24 hours, representing a significant rise of 43.78%. It is worth noting that a significant portion of these transactions in the Shiba Inu network was attributed to whale investors. Data further indicated that the majority of SHIB holders, accounting for 67.35%, are whales. Retail investors make up 20.44% of the holders, whil...

As per a recent announcement on the Shibarium Discord server, Shiba Inu (SHIB) developers are working on a customized SHIB cold wallet. The team is now hosting AMA sessions with popular exchange Huobi, and Certik, a blockchain and smart contract security company.  According to the announcement, developers want to collaborate with these organizations for a unique cold wallet system. Moreover, the wallet will be tailored to the Shiba Inu ecosystem. Additionally, cutting-edge design and innovative technologies are anticipated for the cold wallet. Discord update from @ shib arium_ Customized Cold $SHIB wallet pic.twitter.com/CnBfkxft1i — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 27, 2023 There are currently few details available regarding the project’s development. The announcement suggested that the parties concerned are still determining whether a collaboration is feasible. Therefore, because of this, no precise launch date has been announced, and the details of the wallet’s functional...

Shiba Inu had a lackluster performance in April 2023 as the token barely rallied in the indices. SHIB moved upward at a snail’s pace but quickly slid down when the markets experienced turbulence. The uncertainties of markets are holding SHIB’s price back displaying little to no growth in the last 30 days. However, now that April will soon be a thing of the past, how will Shiba Inu perform in May? In this article, we will highlight Shiba Inu’s price prediction for May 2023. Also Read: If Shiba Inu Hits $0.01, How Many Tokens Do You Need To Make $10 Million? Source: Coingecko.com Shiba Inu May 2023 Price Prediction Source: Republicworld.com / Shutterstock Shiba Inu is currently trading at $0.00001032 and has failed to scale up in the indices. SHIB is dwindling in price as investors lack the enthusiasm to pour their money into the token. The Shibarium layer-2 solution is yet to take off and nothing much is currently going on in its ecosystem. Considering all the developme...

Shiba Inu spiked nearly 85,000,000% (85 million percent) from its launch in August 2020 till it reached its all-time high of $0.00008616 in October 2021. Early investors made life-changing gains as SHIB turned a mere $1,000 investment into $1 million in returns and more. If you think it can spike another 85 million in the next few years, you could be wrong. The circulating supply of SHIB is not scarce and replicating its previous success is a herculean task. Also Read: Shiba Inu: Can SHIB Reach $0.001 in 2023? Source: Coingecko.com Therefore, even expecting Shiba Inu to double in price and rise by another 100% at the moment could be wishful thinking. Despite the markets rallying this year, they are officially not in the bull territory. Fears of another crash are looming as banks and financial experts predict a recession. The growth markets experienced in 2023 could be wiped away if a recession hits post-Q2 of 2023. Looking at all these possibilities and hindrances, the Find...