Dog-themed meme coin Shiba Inu is currently up by 17.7% for the day and 30% over the past week. The upward momentum marks the highest Shiba Inu (SHIB) reached since April 1. Source: CoinGecko Multiple media reports suggest the rally is due to a massive burn rate spike — over 7,400% — and a reduced supply. Whether…
Shiba Inu price remains in a bear market and could see additional downside after forming a death cross pattern while a key metric declines. Shiba Inu (SHIB), the second-largest meme coin in crypto, dropped to a low of $0.00001162 on Monday, marking a 65% decline from its November peak. SHIB’s crash coincided with broader weakness…
Shiba Inu price continued to consolidate this weekend even as some cryptocurrency analysts remained optimistic. Shiba Inu (SHIB), the second-biggest meme coin in crypto, was trading at $0.00002812, up by 163% from its lowest level in August. Some analysts predict that Shiba Inu was on the cusp of a strong bullish breakout in the coming…
Shiba Inu price has retreated for two consecutive days, even as the burn rate jumped by over 3,400%. Shiba Inu (SHIB), the second-largest meme coin, retreated to $0.00002765, down by 16.2% from its highest level this month. This retreat was mostly due to the ongoing pullback of Bitcoin (BTC) and other cryptocurrencies. Bitcoin slipped below…
Meme coins ranked among the most popular crypto narratives of 2024, creating a divide between crypto tokens. Bitcoin stands out among top crypto tokens with 125% year-to-date gains, and the meme coin category, or the “other tokens”, hit a key milestone, crossing a market capitalization of $100 billion. Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe…
Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion. Shiba Inu (SHIB) price rose by 12.6% to an intraday high of $0.00002397. Bonk (BONK), the biggest meme coin in the Solana ecosystem, rose by 20% to $0.000032….
Shiba Inu is highly volatile as its burn rate and Shibarium transaction fees continue to fall. Shiba Inu (SHIB) retreated to $0.000022, down by 33% from its highest level this month. At last check Saturday, the Ethereum meme coin was up at least 3.5%. See below. Source: CoinGecko Why did Shiba Inu retreat? This retreat…
The United Arab Emirates (UAE) government and cryptocurrency project Shiba Inu have partnered to promote Web3 innovation and growth in the country. In an announcement shared with crypto news, Shiba Inu (SHIB) stated that the collaboration involves the UAE’s Ministry of Energy and Infrastructure. It marks the first major partnership between a UAE government entity…
Shiba Inu price remained under pressure as it continued to underperform other popular meme coins. Shiba Inu (SHIB) dropped to the key support level at $0.000020, its lowest level since December 20. There is a risk that the SHIB coin will have a strong bearish breakdown soon as it forms numerous risky chart patterns. Shiba…
Shiba Inu price retreated during the weekend as crypto traders’ attention possibly shifted to Official Trump. Shiba Inu (SHIB) token retreated to $0.00002099, down by 9%. Source: CoinGecko Its retreat mirrored that of other popular meme coins like Pudgy Penguins, Dogwifhat, Popcat, and Peanut the Squirrel. One potential reason for this price action is that…
