Tag: SHIB
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Lucie Unveils Shibarium’s Strategic Growth Plan Amidst Market Volatility
Shibarium Gains Traction in the Cryptocurrency Community Since its launch in August 2023, Shibarium, the Layer-2 scaling solution within the Shiba Inu ecosystem, has quickly gained popularity in the cryptocurrency community. Numerous projects, including MARSWAP, ChewySwap, DogSwap, PunkSwap, Shibex, WoofSwap, LeetSwap, Woof Finance, BoneDex, and Ball Exchange, have expressed interest in joining the network. The […]
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Shiba Inu and D3 Global Collaborate to Revolutionize Digital Identity in 2024
Transitioning Beyond Traditional Wallet Addresses In a recent announcement on X (formerly Twitter), Shiba Inu emphasized its intent to move beyond traditional wallet addresses, which have traditionally represented identities in the Web3 space. The collaboration with D3 Global is strategic, leveraging their expertise in domain infrastructure to establish Shib Names as a globally recognized standard. […]
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Shiba Inu’s Price Drops 8% in a Week, Can It Bounce Back?
Early Investors of Shiba Inu Reaped Massive Profits When Shiba Inu was launched on Aug. 1, 2020, numerous investors dismissed it as a joking parody of Dogecoin, named after the popular “doge” meme featuring the Shiba Inu dog breed. Shiba Inu differed from Bitcoin as it couldn’t be directly mined. Its entire supply of 1 […]
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Shiba Inu Investors Accumulating as Balance on Exchanges Declines
Bearish Implications for SHIB Price According to analyst Ali in a recent post on X, the amount of Shiba Inu (SHIB) held on exchanges has been consistently decreasing since November. This decrease is measured by the “Balance on Exchanges” metric, which tracks the total SHIB held in centralized exchange wallets. When the value of this […]
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Shiba Inu Burns 8.7 Billion Tokens, Fueling Future Outlook
SHIB Burns and Reduction in Circulation While any member of the Shiba Inu community can carry out SHIB burns, the Shiba Inu team has been particularly active lately. The process involves permanently removing the burned tokens from circulation, resulting in a decrease in the quantity of available SHIB. LUCIE, Shiba Inu’s marketing lead, shared on […]
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Bullish Sentiment Soars as Top Holders Reduce Crypto Supply on Exchanges
Fetch.ai (FET): Significant Decrease in Exchange Holdings The top 10 wallets holding Fetch.ai (FET) tokens have notably reduced their positions on exchanges by a substantial 26.1% over the past three months. This suggests that large holders of Fetch.ai are either storing them in private wallets or utilizing them for other purposes instead of keeping them […]
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Shiba Inu: Meme Coin Dreams of $1, but Inconceivable Economic Challenge Awaits
A Paradigm Shift for the Meme Coin Since its inception in 2020, Shiba Inu has experienced an astonishing surge of 600,000%, making it the 16th most valuable cryptocurrency in the market. While it is still widely regarded as a meme coin, the Shiba Inu community and developers are actively working to change this perception. Over […]
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Shiba Inu Burns 8 Billion SHIB in Latest Token Burn Frenzy
Another Monumental SHIB Token Burn The driving force behind this surge in burn rate is the Shiba Inu team’s latest token burn, in which they effectively destroyed over 8 billion SHIB tokens. The platform tracker reveals that approximately 8,533,564,693 SHIB, valued at $90,711, were burned in a single transaction at 00:30 UTC today. This recent […]
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Shiba Inu’s Elusive $1 Dream: Challenges Ahead in an Overcrowded Meme Coin Market
The Price Game: Scarcity and Circulating Supply Shiba Inu’s enduringly low price can be attributed to one primary factor: its vast circulating supply of 589 trillion coins. To put this into perspective, meme-coin rival Dogecoin (DOGE -0.18%) has a circulating supply of 142 billion, while Ethereum (ETH -0.29%) has 120 million in circulation. It’s a […]
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Shiba Inu Team Reaffirms Commitment to Token Burns Amid Community Pressure
Growing Pressure The Shiba Inu cryptocurrency team, led by its Discord channel administrator DaVinci, is facing increased pressure from the community due to a lack of updates on the promised token burns. Initially scheduled for December 14, 15, and 16, these burns were intended to reduce the extensive supply of SHIB tokens in circulation. In […]