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Lucie, the official marketing expert of the SHIB token team, has issued a powerful message to the SHIB Army one that speaks to both the harsh realities and transformative potential of the crypto industry. Known for her passionate presence in the SHIB community, Lucie used her platform to caution investors and enthusiasts against complacency, scams, […]
What do we know about Shiba Inu's mysterious leader?
Who is David Gokhshtein and what is his role in the world of cryptocurrency.
Shib Army decided it's time to put a match to millions of SHIB tokens in hopes of a price boom.
A shocking amount of nearly 13 billion SHIB has already been removed from the systemic circulation supply over the past 24 hours. As tweeted by the Shiba Inu transaction tracker @Shibburn, this is because the coin is being sent to dead-end wallets. The platform also burns Shiba Inu to help keep the supply down. Most of this massive amount of SHIB was destroyed in just one hour. Related Reading | Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation In a tweet on May 18, Shibburn communicated that a truly astonishing 10,028,551,985 Shiba Inu tokens had been shifted to unspendable wallets in six exchanges a few hours earlier. This portion of SHIB is worth $123,551. The tweet reads; In the past hour, there have been a total of 10,028,551,985 $SHIB tokens burned and 6 transactions. An anonymous crypto wallet burned 10 billion SHIB in a single transaction. This was the largest single burn transaction for Shiba Inu so far since the burn started. The number is staggering, but the platform has made progress in containing it. For example, before the above news, the platform tweeted that about 2,677,017,916 Shib were stuck inside unspendable wallets; these took 92 transactions. Shibburn tweeted; In the past 24 hours, there have been a total of 2,677,017,916 $SHIB tokens burned and 92 transactions. Visit http://shibburn.com to view the overall total of #SHIB tokens burned, circulating supply, and more. The Shibburn project’s website reports that the burn rate of SHIB has increased by 5,189.09%. Dead-end wallets are cryptocurrency addresses that have not had any incoming or outgoing transactions in multiple years. They always contain funds, but most of them will never have any transactions. No Impact Of Burns On SHIB Price According to Shibburn, as of now, the total amount of burned Shiba Inu is 410,355,298,103,517 tokens. However, the Shiba Inu’s price has not yet caught up with the all-time high from last year, which was $0.00008845 per token in October 2021. As the circulating supply of tokens decreases, the cryptocurrency becomes inadequate, and its price is likely to rise. Whales Buy The Dip Some people are trying to remove SHIB tokens from circulation so the price will go up. But whales continue to buy SHIB tokens when the price is low and sell them later when the price goes up. Related Reading | LUNA Aftermath: Total Crypto Market More Oversold Than Black Thursday In a tweet, WhaleStats announced that a prominent Ethereum investor with the moniker “BlueWhale0073” had purchased 110,654,459,259 Shib, an equivalent of $1,313,468. On May 14, the BlueWhale0073 already made a bulk purchase an equivalent of $1,408,176 in SHIB – 109,842,128,610 meme coins. Featured image from Pixabay and the chart from Tradingview.com
The Shiba Inu price has established a promising uptrend in the 1-day chart since June 10, which could catapult the price 24% higher. However, SHIB investors should remain cautious, as NewsBTC reported a few days ago. A downward break of the said uptrend could push the SHIB price back into the longer-term downtrend, which has [...]
The post Shiba Inu (SHIB) Prediction: 24% Price Rally Impending By Month End appeared first on Crypto Breaking News.
Excitement is building within the Shiba Inu community as the highly anticipated launch of Shibarium, the layer-2 scaling solution, draws near. Shytoshi Kusama, the pseudonymous project lead developer, recently addressed the upcoming launch, emphasizing the importance of sticking to the planned strategy and timeline. Kusama’s confident statements have further fueled anticipation among enthusiasts. Shibarium Is On The Verge Of Release When asked about potential changes to the launch date or plan of Shibarium, Kusama responded resolutely, stating, “It doesn’t matter; everything is already set. I can’t change the date or plan. It’s called a launch strategy.” This unwavering commitment to the established timeline demonstrates the Sharium developers team’s dedication to ensuring a successful launch for Shibarium. In another intriguing conversation within a Telegram group chat, someone identified as Mark suggested that Shibarium would launch at ETHToronto which takes place from August 15-16, 2023, in Toronto Canada. Surprisingly, the Shiba Inu lead developer playfully agreed, stating, “Mark his words.” This playful interaction has fueled speculation that Mark is actually right with his speculation. Related Reading: Shiba Inu Lead Dev Shares Mysterious ‘Where’ Video As SHIB Readies For Breakout? It is noteworthy that Kusama recently dropped another hint in which he said that it is no longer a question of “when” but “where”. The SHIB lead developer released a video showing the Shiba Inu logo and a major (North American) city. The message of the video was, “Something is coming. We are actually going somewhere.” Apparently the developers of Shiba Inu are planning a big event, and as the rumors have it, for the Shibarium launch. While the exact launch date remains undisclosed, another Shiba Inu enthusiast brought up a previous statement from Kusama in which he hinted at a two to four-month timeframe for the launch after the beta testing start. Notably, July 11 marks the four-month milestone since the beta release. Related Reading: Shiba Inu Burn Surges Over 6,000% As SHIB Price Continues Uptrend And there’s even more recent hint from Kusama. In another Telegram message, he said: “I’m to busy starting the launch process of a blockchain. And seriously … when the pilot is in the cockpit switching switches and the seat belt light is on. And the attendant is talking about safety and stuff DONT ASK THE PILOT WEN.” So everything suggests that the Shibarium may be within reach. When and where remains a secret for the time being. How High Can The Shiba Inu Price Rise? The news of a launch date will undoubtedly create new hype around Shiba Inu. What impact Shibarium will have on the SHIB price in the long term is difficult to predict, as this will depend on the adoption and success of the layer-2 solution and projects that build on it. In the short term, however, a look at the 1-day chart of SHIB helps to assess possible price scenarios. The SHIB price remains in a downtrend on the 1-day chart, but is relentlessly approaching the upper resistance of the descending parallel trend channel at around $0.00000790. Crossing this price level would be a first important step to initiate a long-term upward movement. However, as early as the $0.00000834 price level (23.6% Fibonacci retracement level), SHIB needs to confirm this trend. In any case, the introduction of Shibarium has the potential to trigger this move. A green candle towards the 200-day EMA would then be conceivable. The 200-day EMA is currently approaching the 38.6% Fibonacci retracement level at $0.00000979. This area around $0.00001 is where the strongest resistance is expected. Still, the Shibarium hype has the potential to herald a further rise towards the 61.8% Fibonacci level at $0.000012. Thus, at the current price, SHIB holds the potential to rise by more than 57% (before probably taking a breather). The area around $0.000012 has been very important as resistance and later support this year. Featured image from iStock, chart from TradingView.com
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