Shiba Inu News: Shiba Inu Price Drop Ahead? Whale Seeks This

Kabosu, the Shiba Inu behind the viral “Doge” meme and parody cryptocurrency Dogecoin, has made a surprising recovery. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Hitting the price of $0.01 per token looks highly unlikely, but not impossible. Yes, Shiba Inu coin can reach $1 by 2030 but to attain this feat Shiba Inu will have to rise 121,951 times from its current price. Successively, Shib token with its heroic run from the fourth quarter of 2021 and escalating dominance.

shiba inu news

The recent Federal Open Market Committee Meeting on December 15 caused BTC to spike beyond the confines of the channel, but things are back to normal. The author has not received compensation for writing this article, other than from FXStreet. The Bitcoin Calculator tool allows you to convert any amount to and from bitcoin and your preferred world currencies.

About Shiba Inu (SHIB)

Airdrops are unscheduled distributions of tokens, often for free, to wallets in order to garner interest in a specific crypto. So, the most important trait of the pet, “Loyalty,” comes tagged to it for all its investors too. Shiba Inu is a completely secure and decentralized meme token, a variant of the ERC-20 token. It combines all significant traits of Ethereum, Bitcoin, and Dogecoin in a fusion as one in SHIB. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase.

shiba inu news

Solana soared on Tuesday after a token airdrop from shiba inu-themed Bonk sparked interest in the cryptocurrency. The shiba inu behind the renowned “Doge” meme is ill with leukemia and liver disease, according to her owner. Kabosu, the inspiration behind Shiba-Inu-themed cryptocurrencies DOGE and SHIB is gravely ill. As the dog battles with terminal illness, the sentiment in SHIB army and the Dogecoin community is dampened. The burn rate climbed 13,000% when hundreds of millions of Shiba Inu tokens were permanently removed from circulation. Shiba Inu price broke out of its down channel after a massive spike in SHIB token burn rate.

In October 2010 and referred to her as “Doge.” Countless netizens began making “Doge” memes featuring Kabosu’s unamused face and her iconic pose with one paw crossed over the other. On Friday, the beloved dog’s owner, Atsuko Sato, announced on Instagram that Kabosu can now drink lots of water, finish her food and go to the bathroom on her own. Despite the consolidation, BTC is slowly climbing higher like clockwork.

Buy Shiba Inu

Discover the latest news articles relating to Shiba Inu cryptocurrency for Australia and worldwide. Going by the latest updates, the Shibarium public beta testnet release might be nearer than expected. However, we will have to wait for official updates about its tentative launch date. However, https://cryptolisting.org/ a tentative release date for the Shibarium public beta testnet is yet to be revealed by Unification xFund. The firm is currently building the Shibarium network but a launch date remains to be unknown. We will have to wait and watch for official updates about a possible beta testnet launch.

  • As per the Lookonchain report, crypto whale have made some Smart Money amid the recent Shiba Inu price surge.
  • The burn rate climbed 13,000% when hundreds of millions of Shiba Inu tokens were permanently removed from circulation.
  • Relevance is automatically assessed so some headlines not qualifying as Shiba Inu token news might appear – please feel free to contact us regarding any persistent issues.
  • The growing acceptance by retail and luxury brands, could make way for global recognition and the influx of elite customers.
  • In addition, the fraternity is now expecting an announcement around Shiberse, which could bring impetus to the price action of SHIB.

Crypto News provides you with the most relevant Bitcoin, cryptocurrency & blockchain news. Meanwhile, Bonk has seen roughly $19 million in inflows in the past 24-hours. Bonk debuted on December 25 and currently has a market capitalization nearly $93 million.

Such as its DEX dexshibaswap, Shiberse, and Shiboshis NFTs, amongst others. In addition, the fraternity is now expecting an announcement around Shiberse, which could bring impetus to the price action of SHIB. According to latest Shiba Inu coin news the bearish trends continue and not much can be expected from the market. Many analysts consider a huge crypto winter is yet to arrive in the near future, whereas some say good days await the corner for the investors. Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Shiba inu | Shiba Inu Coin latest News Today | Shiba Inu Coin price Prediction | Shiba Inu News

Kabosu, the Shiba Inu dog that inspired meme coins SHIB and DOGE is gravely ill, dampening the sentiment in the community. Including the latest news on the Shiba Inu price and the SHIB market cap. NewsNow aims to be the world’s most accurate and comprehensive Shiba Inu what is hawala.exchange coin news aggregator, bringing you the latest headlines automatically and continuously 24/7. Relevance is automatically assessed so some headlines not qualifying as Shiba Inu token news might appear – please feel free to contact us regarding any persistent issues.

shiba inu news

Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Shiba Inu. Eventually, the photo and “Doge” title became the face of joke cryptocurrency, Dogecoin, which Elon Musk has repeatedly tweeted about — often corresponding with a brief surge in value. The photo quickly became a meme and would often appear with comic sans captions that were written in a way that user’s imagined a dog’s inner dialogue might sound — grammatically incorrect, two-word sentences. “Doge” had a recent resurgence with the popularity of Dogecoin, a cryptocurrency branded after the meme. XRP price has been struggling compared to other altcoins, but the worst seems to be over for now. The recent sell-off has washed off the weak bullish hands, providing smart investors with a chance to accumulate.

However, the whale is reportedly an expert in buying Shiba Inu at a lower price and selling them at a price surge. Meanwhile, the Crypto whale is still holding 3.33 trillion Shiba Inu Coin (approx worth $28 million). LookonChain mentioned that the whale might have made a profit of more than $85 million. It highlighted that if the whale buys the Shiba Inu coin when it received the tokens and went to sell at the price when transferring out the same out amount of tokens. Being in the market as a developing project, the network is highly secure as Ethereum powers it.

Shiba Inu price bleeds despite 13,000% spike in burn rate, here’s what to expect from the Dogecoin killer

With Ethereum planning to switch from PoW to the PoS consensus mechanism, we can expect Shiba Inu to have a part of the favours from this transition! The altcoin is listed on eminent exchanges like coinbase Pro, binance, kucoin, wazirxindia, and uniswap, amongst others. As per the Lookonchain report, crypto whale have made some Smart Money amid the recent Shiba Inu price surge. Meanwhile, it is expected that these whales are ready to dump its massive SHIB holding ahead.

Solana soared as much as 20% in the past day on news of a Bonk token airdrop. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Real-time analyst ratings, insider transactions, earnings data, and more.

Shiba Inu, a meme coin with $4.78 billion market capitalization, recorded a massive spike in its burn rate. Burn mechanism is key to the SHIB ecosystem as it removes tokens permanently from the circulating supply, influencing supply dynamics and the price of the asset. Shytoshi Kusama, the leader of the SHIB project has assured the community that development for layer-2 scaling solution Shibarium is on track for launch. However, since SHIB is not a technologically driven crypto, there is a lack of strong fundamentals for it. In terms of market position, the market capitalization of the Shiba Inu hit $6,160,667,566.

This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Due to regulatory changes in US Fed rates, the recent market crash has made it more difficult for SHIB prices to bounce back or even begin the uptrend.

The latest update shows that “some codes” of the Shibarium layer-2 network are live for public viewing on GitHub. Twitter user ‘GingFreecs‘ pointed out that the Unification team dropped some codes of Shibarium on GitHub for public viewing. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.