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Memecoin

Shiba Inu Price Jumps After Shibarium DappStore Launch

by Ouess
written by Ouess

Shiba Inu (SHIB) is once again capturing market attention. The Ethereum-based meme token surged nearly 9% after the official launch of the Shibarium DappStore, a platform designed to simplify access to decentralized apps (dApps) within the Shiba Inu ecosystem.

Shibarium DappStore Goes Live

On April 25, Shiba Inu ecosystem contributor LucieSHIB announced via X (formerly Twitter) that the Shibarium DappStore is now live. The new platform allows users and developers to discover and access verified dApps built on Shibarium, the project’s Layer 2 network.

https://twitter.com/LucieSHIB/status/1915705632973300138?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1915705632973300138%7Ctwgr%5Eba3186cb9347eddad0b79a7466c35a7f530f1e3a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.coinspeaker.com%2Fshiba-inu-price-up-9-percent-shibarium-dappstore-now-live%2F

For users, the DappStore reduces the risk of scams by curating and listing trustworthy dApps. No more scrolling through random social media posts or unverified links—this new platform makes it easier to find reliable tools and apps.

Boost for Developers and Ecosystem Growth

Developers also benefit from this streamlined visibility. In a crowded crypto space, getting noticed can be tough. The DappStore solves this by giving projects a place where users are actively looking for new tools.

This increased exposure can create a positive cycle—more visibility leads to more users, which encourages developers to build more, further expanding the ecosystem.

LucieSHIB described the DappStore as more than a tool—it’s a hub designed to help Shibarium evolve from a blockchain into a fully connected community platform.

A Milestone for Shibarium

This launch comes on the heels of another big achievement for Shibarium. The Layer 2 protocol recently crossed one billion transactions, a milestone that further validates the project’s strength and potential.

Shiba Inu Price and Market Reaction

The excitement surrounding the DappStore launch has clearly impacted SHIB’s price. According to CoinMarketCap, SHIB is trading at $0.00001418, up 8.84% in 24 hours. Its market cap now sits at $8.32 billion, reflecting renewed investor interest.

In addition, the SHIB community is celebrating a sharp increase in the token’s burn rate. Data from Shibburn shows an 825% spike, with over 26 million SHIB tokens burned recently. Since its inception, the project has removed over 410 trillion tokens from circulation—an effort that could positively impact long-term price action.

Outlook: Can SHIB Sustain the Momentum?

With rising adoption of Shibarium, a new platform to promote dApps, and continued token burns, the SHIB ecosystem is showing signs of strength. If momentum continues, Shiba Inu may be poised for further growth—not just as a meme coin, but as a utility-driven blockchain project.

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Altcoin

Shiba Inu and Chainlink: A Game-Changing Partnership

by Ouess
written by Ouess

Shibarium has adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Cross-Chain Token (CCT) standard. This integration allows Shiba Inu’s tokens—SHIB, LEASH, and BONE—to operate securely across 12 blockchains.

Unlocking New Potential for Shibarium

The partnership brings:

  • Secure Cross-Chain Transfers: Leveraging lock-and-mint and burn-and-mint mechanisms for seamless token movement.
  • Advanced Data Integration: Chainlink Data Streams provide real-time, high-frequency market data for efficient DeFi operations.

Developers can now build innovative cross-chain decentralized applications (dApps), paving the way for new use cases in DeFi and beyond.

What This Means for Shiba Inu’s Ecosystem

This collaboration is part of Shibarium’s ongoing upgrades. Recent enhancements include improved user privacy through advanced encryption and a potential fork via the Shibarium Bridge upgrade.

By integrating Chainlink’s solutions, Shibarium aims to:

  • Increase adoption of its tokens.
  • Drive innovation in decentralized finance.
  • Solidify its role as a leading blockchain ecosystem.

Chainlink’s Role in Blockchain Growth

Shiba Inu isn’t the only ecosystem benefiting from Chainlink’s technology. Major initiatives like Hedera, Coinbase’s Project Diamond, and Trump’s World Liberty Financial also leverage Chainlink for:

  • Enhanced data inputs.
  • Seamless asset transfers.
  • Scalable financial applications.

This trend highlights the growing importance of interoperability and secure data solutions in blockchain innovation.

SHIB Price Update

Despite the excitement around this partnership, SHIB’s price has dropped nearly 10%, now trading at $0.00002188. However, long-term prospects remain optimistic as the ecosystem continues to expand.

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Memecoin

Can Shiba Inu (SHIB) Reach a New All-Time High?

by Ouess
written by Ouess

Shiba Inu (SHIB) is defying market volatility with remarkable resilience. As broader market trends remain unstable, SHIB holds its ground at $0.00003, sparking optimism. While Bitcoin (BTC) recently tumbled by 8%, SHIB weathered the storm with a smaller 5.4% dip. This stability reflects growing investor confidence and market momentum.

SHIB’s Stability Amid Bitcoin’s Decline

Bitcoin recently dropped below $100,000, shaking the crypto market. Yet, Shiba Inu remained steady. SHIB rebounded quickly during the turbulence, signaling strong support from investors.

Data from IntoTheBlock reveals that 56.14 trillion SHIB tokens are currently held in liquidity pools above the current price. If buying pressure continues to absorb these tokens, SHIB could edge closer to its previous all-time high.

Is a New ATH Possible?

Analysts are optimistic about SHIB’s potential to surpass its all-time high of $0.00008845. However, breaking through the 56 trillion token sell wall will be a critical challenge.

https://twitter.com/Earnings4sight/status/1865075537057570908?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1865075537057570908%7Ctwgr%5E41437119d8a409f8b3141c55c018fdd92a347cef%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptonewsland.com%2Fshib-breaks-free-from-btc%2F

Several factors favor SHIB’s upward momentum:

  1. Investor Sentiment: Strong confidence drives sustained support.
  2. Technical Indicators: Recent rebounds show resilience against market shocks.
  3. Growing Demand: Increased buying pressure could trigger a significant rally.

If these trends hold, SHIB has a clear path to testing new heights.

Why SHIB Could Continue Rising

Shiba Inu’s ability to withstand market uncertainty highlights its strength. Positive technical signals and active investor participation suggest a favorable outlook. With these factors in play, SHIB could achieve a new all-time high, solidifying its position as a leading altcoin.

Investors are closely monitoring SHIB’s upward trend. Whether through steady growth or a sharp rally, the potential for another ATH keeps the market excited.

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Memecoin

Shiba Inu (SHIB) Price: Bullish Trend or Temporary Stability?

by Ouess
written by Ouess

Shiba Inu (SHIB) is currently trending upward, trading above all exponential moving averages (EMAs), suggesting a bullish setup.

However, the narrow spacing between these EMAs implies that while the uptrend exists, it lacks strong momentum. With whale activity holding steady, SHIB’s path forward may depend on whether demand picks up or market signals change.

https://twitter.com/ShibainuCoin/status/1845923392102256705

Shiba Inu Price Holding Above Key EMAs

SHIB has maintained a bullish alignment with its price positioned above all EMA lines, a setup typically seen in upward trends. This positive positioning indicates growing support from traders. Despite this setup, the EMAs are spaced closely, which hints at a trend that isn’t particularly strong. For SHIB to rally, momentum will need to build to push past upcoming resistance levels.

SHIB RSI. Source: TradingView

Whale Activity Remains Steady

An important factor in the Shiba Inu market is whale activity. The number of wallets holding at least 1 billion SHIB tokens has stayed around 11,000, indicating a steady but cautious stance among large holders. Typically, whale accumulation suggests confidence in future price gains, while selling could apply downward pressure on the token. However, this stability hints that whales may be awaiting clearer market signals.

Holders with at least 1 billion SHIB. Source: Santiment

Shiba Inu RSI Reflects Neutral Sentiment

The Relative Strength Index (RSI) for Shiba Inu currently sits at 55.62, down from over 70 just a few days ago. This decline indicates that buying pressure has lessened, pulling SHIB out of overbought territory and into a more neutral zone. The RSI measures price momentum, ranging from 0 to 100; above 70 indicates overbought, while below 30 signals oversold conditions. At a balanced 55.62, SHIB is showing neither strong buying nor selling pressure, potentially signaling stability before a major move.

SHIB EMA Lines and Support and Resistance. Source: TradingView

Price Prediction: Will SHIB Test Higher Resistance?

If the current bullish trend continues, SHIB’s price may aim for resistance at $0.00001959. A breakthrough here could lead to a push towards $0.00002171, marking an 18% potential gain. However, if SHIB’s momentum weakens, the price may fall back to support levels at $0.00001758 or even $0.00001583.

As Shiba Inu holds its ground above key EMAs, traders are watching for signs of stronger momentum. Will SHIB break through to new highs, or will market hesitation lead to a reversal?

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Memecoin

Shiba Inu Coin Burn and Shibarium Growth Fuel $1 Price Target

by Ouess
written by Ouess

Shiba Inu coin (SHIB) has once again caught investors’ attention as the market turns bullish. With recent developments in the SHIB ecosystem, many speculate whether the meme coin is poised for another parabolic rally similar to its 2021 run. Key drivers behind this optimism are the SHIB burn rate surge and growing activity on Shibarium, Shiba Inu’s Layer 2 blockchain.

SHIB Burn Rate Soars as Shibarium Activity Grows

The Shiba Inu ecosystem has seen a massive increase in its token burn rate this week. According to data from Shibburn, the burn rate surged by an impressive 920%, with 320 million SHIB tokens burned in the last seven days. On a daily basis, 11 million SHIB were destroyed, reflecting a 367% increase. This drastic reduction in supply, combined with the law of supply and demand, has fueled bullish sentiment among market participants.

At the same time, Shibarium has experienced significant growth. As reported by SHIB marketing lead Lucie on X, Shibarium transactions neared 30,000 in October, while the number of contracts jumped to over 18,200, up from 17,800 in September. This indicates that Shiba Inu’s Layer 2 solution is gaining momentum, adding to the overall positive outlook for the coin.

Could Shiba Inu Reach $1?

The big question on every SHIB holder’s mind is whether the coin can reach the elusive $1 price target. Back in 2021, Shiba Inu experienced an astronomical rise of 45,000% from January to May. Later that year, the price jumped another 1,500%, reaching its all-time high of $0.00008845 in October.

At the time of writing, SHIB is trading at $0.00001936, up 3% in the last 24 hours. With a steady increase in its burn rate and Shibarium activity, some analysts believe that SHIB could be gearing up for another massive rally. Coinglass data also supports this optimism, showing a 5% rise in SHIB’s futures open interest (OI) to $63 million, signaling increased investor interest.

In addition to the current trends, upcoming developments, such as the launch of the Shib DAO Foundation, are expected to play a key role in SHIB’s future price action. With all these factors in play, market analysts are speculating that Shiba Inu could potentially hit $1, driven by continued ecosystem growth and a broader meme coin frenzy.

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DeFi

Shiba Inu Partners with Mass Finance to Drive AI-Powered Web3 Growth

by Ouess
written by Ouess

Shiba Inu, the popular memecoin, has announced a partnership with AI-powered platform Mass Finance. This collaboration aims to provide organizations with advanced legal, fiscal, and banking tools, all integrated into a single platform.

Mass Finance supports both Web2 and Web3 organizations, streamlining processes through automated onboarding and AI-driven assistance.

What is Mass Finance?

Mass Finance offers a range of tools designed to meet the financial and operational needs of businesses. With AI-powered solutions, it simplifies tasks such as legal compliance, banking, and account management. The platform has already partnered with payment giant Stripe to handle remittances and account management services. Funds are securely stored at Evolve Bank & Trust, ensuring compliance with financial regulations.

Why This Partnership Matters for Shiba Inu

Shiba Inu sees this partnership as a significant step toward expanding its influence in the Web3 space. The team behind Shiba Inu said that Mass Finance is poised to become the “Shiba State,” providing AI-driven legal and fiscal solutions, with support from major players like Stripe.

This deal is not Shiba Inu’s first major partnership in 2024. In September, the project teamed up with open-source cryptography company Zama to enhance Shibarium, its Layer 2 blockchain solution. With a market cap of over $10.6 billion, SHIB remains the second-largest memecoin after Dogecoin, and the 15th-largest cryptocurrency overall.

Shiba Inu’s Growing Influence in the Crypto World

Shiba Inu continues to expand its reach, not only as a popular memecoin but also by building strategic partnerships in the Web3 and AI sectors. Its collaboration with Mass Finance is a key development that could help cement its place as a leading player in the rapidly evolving cryptocurrency landscape.

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Memecoin

Dogecoin Leads Memecoin Activity with 110,000 Short-Term Traders

by Ouess
written by Ouess

On-chain data reveals that most memecoin activity is fueled by short-term traders. Dogecoin (DOGE) has the largest number of active short-term traders, boasting 110,000 traders on its network.

DEGEN, a reward token for the Farcaster Degen channel, follows with about 23,000 short-term traders. Interestingly, despite Shiba Inu (SHIB) having a market cap ten times larger than DEGEN, it also shares the same number of short-term active traders—around 23,000.

Key Memecoins See High Short-Term Trading

Dogecoin, DEGEN, and Shiba Inu dominate the memecoin space in terms of short-term trader activity, far outpacing other projects. Mid-sized tokens, like Coq Inu, Turbo, Mog Coin, and MAGA, each have around 4,000 active traders.

Memecoins Attract Speculative Traders

This data confirms the widely held belief that memecoin traders are mainly speculative, focusing on short-term gains. Many memecoin investors capitalize on price swings during bullish periods, which leads to increased volatility in the market.

Maximizing Profits with Short-Term Strategies

For new investors, understanding this trend can help shape trading strategies. Memecoin traders often use tactics like scalping or intraday trading to benefit from short-term price fluctuations. These methods allow traders to make frequent profits over short periods rather than holding assets long-term and waiting for extended bull runs.

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Memecoin

Shiba Inu Price Fluctuates After 14% Drop: What’s Next for SHIB?

by Ouess
written by Ouess

Shiba Inu (SHIB) has captured attention after a volatile week, marked by a 14% drop in price. Despite this dip, SHIB’s future looks intriguing as it gains momentum, sparking speculation among crypto enthusiasts.

Shiba Inu’s Recent Price Movements

Shiba Inu’s price fluctuated after a steep 14% decline over the past week. Interestingly, the token rebounded with a 5% intraday gain, reaching $0.00001679. While the weekly performance shows a downturn, SHIB’s monthly chart reveals a 27% gain, indicating the coin might be on an uptrend. This has fueled anticipation in the crypto community about what lies ahead for the meme token.

Market Speculation and Community Developments

Many in the crypto space are speculating whether SHIB could break out of its current price trajectory, driven by recent community developments. The Shiba Inu ecosystem has introduced several updates, positioning itself stronger in the market. A key development includes the upcoming launch of ‘Shib the Metaverse,’ a new platform that allows users to discuss ideas, vote on proposals, and shape the future of the ecosystem.

Additionally, rumors of a SHI stablecoin launching on Shibarium are creating further excitement. These upgrades could potentially shift market sentiment toward a more optimistic outlook for SHIB.

Bullish Signals from On-Chain Data

On-chain data suggests a bullish future for SHIB. Recent reports indicate massive SHIB burns, reducing supply and aligning with the classic law of supply and demand. The decrease in available tokens could pave the way for a price surge.

Moreover, SHIB whales have been active, with 8.27 trillion SHIB coins recently moved, showing increased activity among large investors. This whale movement, along with bullish sentiment surrounding an ‘Uptober’ rally, has many traders optimistic about the meme coin’s future.

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Memecoin

Why Shiba Inu and Dogecoin Prices Are Falling: 3 Key Factors

by Ouess
written by Ouess

The prices of Shiba Inu (SHIB) and Dogecoin (DOGE) have taken a hit due to the ongoing Bitcoin price crash and capital rotation towards newer tokens. Both meme coins, once top performers, are facing a rough patch. Dogecoin’s price dropped by 5.45%, while Shiba Inu saw a 3.3% decrease.

3 Reasons Behind Shiba Inu and Dogecoin’s Price Decline

The market downturn for these popular meme coins has left many puzzled. Despite Dogecoin’s roadmap update and a significant SHIB burn, their prices continue to slide. Here are the three primary factors causing this dip.

1. Profit-Taking & Capital Rotation

Both DOGE and SHIB have been dominant players in the meme-coin space for a while. However, with the introduction of new tokens, many investors are reallocating their capital to emerging cryptocurrencies for potentially higher returns. Recently, TRON-based tokens gained popularity, with one trader making $7 million from a modest investment. This shift has weakened the performance of DOGE and SHIB, exacerbated by a lack of strong bullish momentum.

2. The September Slump

Historically, September has been a challenging month for cryptocurrencies, and this year is no different. Traders have been hesitant to place new trades as market sentiment has shifted toward fear. A report by Rekt Capital shows that Bitcoin has already seen a 6.19% decline in just seven days this month. This historical trend, seen consistently for the past nine years, is now impacting both Bitcoin and altcoins like Dogecoin and Shiba Inu.

3. Bitcoin’s Price Crash

Bitcoin’s performance heavily influences the entire crypto market. The flagship cryptocurrency has been struggling, dropping to as low as $53,000 before slightly recovering to $54,252.53. This ripple effect has pulled down other coins, including DOGE, which now sits at $0.0937, and SHIB, which is at $0.00001297. Whenever Bitcoin struggles, the rest of the market follows suit.

Final Thoughts

The current price drops of Shiba Inu and Dogecoin are part of a broader market crash, driven by weak Bitcoin performance and unfavorable US nonfarm payroll data. The slump has also been fueled by the September decline, a recurring pattern in crypto history. Traders remain cautious as the market navigates through this challenging period.

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Forecast

Shiba Inu (SHIB) and Bitcoin Halving: Google AI’s Projections Unveiled

by Ouess
written by Ouess

In the ever-evolving world of cryptocurrency, excitement brews as the Bitcoin halving approaches. Shiba Inu (SHIB), with its fervent community, anticipates its performance post-halving, drawing attention from Google Bard’s intriguing predictions. Bard, Google’s AI-powered model, analyzes Bitcoin’s impact on SHIB’s value, highlighting a historical correlation between the two.

Bard unfolds two scenarios for SHIB’s potential valuation post-Bitcoin’s expected $200,000 milestone.

Scenario 1, with a robust link between Bitcoin and SHIB, speculates SHIB could reach $0.00004386.

Scenario 2, suggesting a weaker connection, projects a more conservative estimate at $0.00001357. Despite differences, both scenarios foresee SHIB surging from its current value.

Currently, SHIB trades at $0.000009608, recently dropping below $0.00001 due to rumors about SEC and Bitcoin ETFs. However, Bard’s insights suggest a brighter future for SHIB after the Bitcoin halving, potentially driving its value upward.

Considering this, could the Bitcoin halving and potential value surge position Shiba Inu (SHIB) for a significant breakthrough?

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