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Popular meme-inspired cryptocurrency Shiba Inu ($SHIB) has seen its value surge over 15% over the past week while the cryptocurrency market recovers, at a time in which analysts are becoming more optimistic about the cryptocurrency’s future. Data from leading blockchain analytics firm CryptoQuant reveals that SHIB reserves on centralized cryptocurrency exchanges have dropped to their

Shiba Inu’s Supply on Exchanges Drops to Two-Year Low as $SHIB Price Surges

AVAX and SHIB recently faced significant price drops. AVAX struggles below $42, while SHIB fails to break $0.000028. Continue Reading: Cryptocurrency Price Predictions for AVAX and SHIB

Cryptocurrency Price Predictions for AVAX and SHIB

Recently, a newly established cryptocurrency wallet engaged in a significant transaction involving the SHIB meme coin. According to data from Etherscan, this anonymous wallet acquired 237.8 billion SHIB, totaling $6,290,435 in value at the time of the transaction. This large-scale purchase, indicative of either an over-the-counter (OTC) deal or a redistribution of assets by a major holder, took place shortly after the SHIB team announced securing $12 million for the development of a layer-3 solution atop Shibarium. The timing of this purchase coincides with SHIB project lead Shytoshi Kusama’s revelations about his extensive international travel. In a tweet, Kusama, operating

SHIB Cryptocurrency Sees Major Whale Purchase and Expansion with Upcoming Layer-3 Blockchain Development

The Shiba Inu ecosystem has been subjected to updates in the last few days as developers look to bolster the cryptocurrency’s prospects in the long term. Behind the scenes, on-chain data also reveals a bullish trend among SHIB investors, with the exchange balance dropping to new lows. Adding to the bullish case is the fact that SHIB’s price has bounced right off the key 0.618 Fibonacci ratio level, otherwise known as the “golden ratio.” These metrics, in combination, are particularly setting up the stage for a price surge that could see SHIB surging in the current market cycle. Exchange Balances For SHIB Hit New Lows According to CryptoQuant’s SHIB analytics dashboard, the total SHIB reserve on crypto exchanges has been on a free fall for the majority of this year. At the time of writing, the SHIB exchange reserve now stands at around 150 trillion tokens, compared to 164 trillion SHIB tokens on February 29. This means the total number of SHIB tokens in crypto exchange reserves has fallen by 14 trillion SHIB in less than two months. Related Reading: Analyst Says XRP Price Will Reach $100, But This Needs To Happen First The drop in exchange reserve is somewhat of a bullish indicator for SHIB, as it shows that holders are less liable to sell their coins and are instead opting instead to store them in private wallets. This outflow from exchanges has particularly been compounded in the last few weeks, with on-chain data revealing an increase in activity from Shiba Inu whales. An example is a recent accumulation of 237.8 billion SHIB tokens worth $6.9 million by a new whale address. Furthermore, recent price action in recent months has seen the price of SHIB bouncing off the 0.618 Fibonacci ratio level on April 14th, setting up the stage for a golden ratio rebound. This is a key support level according to the Fibonacci tool, and the bounce indicated the start of a major uptrend. SHIB encountered this bounce on April 15 around the $0.00002117 price level after a correction of over 51% from its yearly high of $0.00004400. Shiba Inu To $0.0001? At the time of writing, SHIB was trading at $0.00002702, up by 19% in the past seven days. Interestingly, the SHIB price has increased by over 27% since its bounce above the golden cross to confirm the crypto has fully reversed into a bullish sentiment. Related Reading: XRP Wallets Holding At Least 1 Million Coins Nears All-Time High As Sentiment Improves Fundamentals point to a continued SHIB price surge in the coming days amid mainstream interest and adoption. One of these is the recent $12 million investment raised by the Shiba Inu team to develop a layer-3 blockchain on top of Shibarium. With supply on exchanges diminishing and SHIB building surging after bouncing off a key Fibonacci level, the ingredients are in place for a rebound to $0.00004400 or higher. If SHIB can clear this resistance, it opens up a run toward $0.00008616, which would represent a 218% increase from today’s price. SHIB price sitting at $0.000026 | Source: SHIBUSDT on Tradingview.com Featured image from Crypto News Flash, chart from Tradingview.com

Shiba Inu Exchange Balances Reach New Low As SHIB Bounces Off Golden Ratio

Shiba Inu Coin, a meme coin, has seen a significant surge in its market value. Over the past 24 hours, the SHIB price has skyrocketed by over 2%. The surge in Shiba Inu Coin’s value is indicative of the growing interest and confidence among investors and traders in meme coins. At the time of writing, The post SHIB Price Prediction: Can Spike In Burn Rate Drive Price to $0.001? appeared first on CoinGape .

SHIB Price Prediction: Can Spike In Burn Rate Drive Price to $0.001?

Notably, this innovative encryption chain will address critical issues within the crypto sphere, such as privacy and trust.

SHIB On The Brink Of Massive All-Time Highs as Shiba Inu’s New L3 Chain Proves to be Game-Changer

Binance, the leading global cryptocurrency exchange, has launched an exciting promotion designed to reactivate dormant users and capitalize on the popularity of meme coins. In a post on X, the exchange announced that it’s offering a share of 10,000 FDUSD in token vouchers to users who haven’t traded on the Binance Spot platform within the The post Binance Makes Special Announcement for SHIB, DOGE, PEPE, FLOKI, WIF Holders appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Binance Makes Special Announcement for SHIB, DOGE, PEPE, FLOKI, WIF Holders

Robinhood’s listing spree is still ongoing and the latest cryptocurrencies to gain further expansion to new regions on the platform including dog-themed Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP). Robinhood Hosts SHIB, AVAX and COMP in New York This listing is good news for residents of New York as they can now buy, sell, The post Robinhood Lists SHIB, AVAX, and COMP For New York Residents appeared first on CoinGape .

Robinhood Lists SHIB, AVAX, and COMP For New York Residents

Shiba Inu Price Prediction 2024-2033 Let’s walk through Shiba Inu’s tracks through time to help decide whether SHIB is an excellent addition to your crypto portfolio. Let’s see what Elon Musk will do to help push the meme coin. After our walkthrough of the Shiba Inu price predictions, we will hopefully be more aware of

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