The Shiba Inu price decline following the October 10 liquidation was as swift as the rest of the market, and even now, the meme coin continues to struggle to reach its pre-crash prices. Nevertheless, there have been some developments among major metrics that could indicate that the Shiba Inu price is getting ready to mark…
In a surprising turn of events, Shiba Inu (SHIB) experienced a brief consolidation break, reaching a 10-day high of $0.00000850, following the overall market uptrend on Tuesday. This upswing was further fueled by Grayscale’s legal victory against the US Securities and Exchange Commission (SEC). However, Shibarium, the Ethereum layer-2 network backed by SHIB tokens, was…
The Shiba Inu burn initiative continues this week but with a drastic decline in volume. The latest figure which shows a decreased participation from investors could have long-running significant implications for the SHIB price. SHIB Burn Rate Drops From 7,700% Spike Over the last 24 hours, Shibburn has shown that the SHIB burn rate has…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…
On-chain data show a significant amount of Shiba Inu still held on exchanges, putting the SHIB price at risk of a decline due to sell-offs. This comes amid a positive increase in net flows, indicating that more coins are flowing into exchanges, likely to offload them. SHIB Price At Risk With 82 Trillion Shiba Inu…
On-chain data shows Shiba Inu (SHIB) and other memecoins in the sector have observed a sharp boost in their volumes alongside their rallies. These Memecoins Have Enjoyed 3,000% Average Volume Increase According to data from the on-chain analytics firm Santiment, the trading volume of the memecoins has shot up recently. The “trading volume” here refers…
The Shiba Inu open interest has hit a snag after a particularly good run. The open interest had risen quickly alongside the price of the meme coin, which climbed close to its previous all-time high earlier in March. However, the cryptocurrency has been unable to maintain this uptrend, leading to a significant drop in the…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…
On Sunday, the Bitcoin price saw a sudden crash that sent the likes of Dogecoin and Shiba Inu spiraling alongside it. This crash saw $2,000 wiped off the Bitcoin price in mere minutes, bringing it back down below $66,000. While this decline did not last at the time, there were a few factors behind it,…
The price of the Shiba Inu (SHIB) could be set for a major run as it holds its support against Tether (USDT). Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market as the…