Tag: SHIB

SHIB 8% Gain Bigger Than TWTR’s As Elon Musk Set For Twitter Takeover
Shiba Inu managed to finally be on the green across its short-term price charts as SHIB gets exposed to a number of positive stimuli over the last few days.

The cryptocurrency reacted positively to the news of Elon Musk’s upcoming takeover of social media giant Twitter, increasing the price of SHIB by over 8% just moments after the development was announced.

The meme crypto, however, experienced a slight price correction according to latest tracking from Coingecko. At press time, SHIB is changing hands at $0.00001087.

It is still up by 10.1% over the last seven days and by 6.8% for the past two weeks. SHIB also managed to slash its 30-day losses to just 2.2%.

The altcoin performed decently over the last couple of days that it actually managed to surpass Twitter’s stock (TWTR) in terms 24-hour gains.

TWTR settled at $53.35 on Thursday. It was slightly higher than its $52.78 closing value a day before.

Elon Musk has until Friday to finalize his $44 billion acquisition of Twitter.
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Image: ABC News
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SHIB Continues To Ride Dogecoin Momentum?

In the past, it has become evident that Shiba Inu benefited whenever the original dog-themed cryptocurrency Dogecoin is having a good run.

This was once again proven on October 26 when the crypto market witnessed a relatively strong surge that pushed Bitcoin and Ethereum above crucial price levels.

DOGE managed to increase by 28.2% over the last week as it is currently trading at $0.075. With this, the digital asset pumped its market capitalization by over $2 billion. SHIB replicated this action as it also pushed its overall valuation to $6.407 billion.

Among crypto assets belonging to the top 20 list of Coingecko, Dogecoin and Shiba Inu were two altcoins that tallied the highest gains over a seven-day time period.

Whale Activity Observed Following Musk’s Twitter Move

Meanwhile, Dogecoin whales became active following the development involving the tech billionaire Musk and Twitter. In fact, there were 85 transactions with value of at least $100,000 that was recorded after the news broke out.

This might be an indication that investors are hopeful that DOGE will be able to duplicate its impressive run last year.

On the other hand, SHIB is just trying to capitalize on every positive development that could trigger price rallies, no matter how small they are.

The meme coin continues to deal with problems like high supply inflation and lack of utility – two factors that negatively impact its price direction.

Its recent surge might help fend off an impending doom as some analysts believe the crypto might “die” by the end of next year.
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SHIB total market cap at $6 billion on the daily chart | Featured image from EyeEm, Chart: TradingView.com
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October 27, 2022
Shiba Inu (SHIB) Price Jumps 10% While Burn Rate Spikes – What To Expect

Shiba Inu (SHIB) coin price jumped 10% in the previous three days. Additionally, the Shiba Inu burn rate spiked at 14,267% early on Thursday.

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October 27, 2022
Investors Sell Polygon (MATIC) and Shiba Inu (SHIB) For The Hideaways (HDWY) After it Gets 9,000% Growth Projection

What’s happening in crypto? Yesterday saw the Polygon and Shiba Inu price spike along with the wider crypto market. Polygon (MATIC) and Shiba Inu (SHIB) have not had a great 2021 despite this but the Polygon and Shiba Inu price gave investors good gains yesterday.

Both projects lose out to The Hideaways (HDWY). It is the first cryptocurrency project to introduce decentralization to the property market through NFTs.. HDWY is projected to hit a 9,000% hike in 2023 after listing in major decentralized exchanges.

Polygon (MATIC)’s NFTs Sales Stalls to its Lowest in More than a Year

Investors are practicing due caution against underperforming cryptocurrencies – among them is Polygon (MATIC).

Polygon (MATIC)’s NFT sales stall at a time when Cardano (ADA)’s digital collectibles are hitting a record high. Moreover, the new NFT project The Hideaways (HDWY) sold over 60% of its presale tokens over the same period, hinting there is growing market interest in non-fungible tokens.

However, Polygon (MATIC) seems to be having it tougher than the rest. One of its most popular collections, Aavegotchi, lost 46% of its market value. Moreover, sales for the collection declined 32% over the same period.

The monthly active traders for Polygon (MATIC) NFTs on OpenSea bottomed to below 1,000 – its lowest level since July 2021.

Shiba Inu (SHIB)’s Unstable Burn Rate Poses Risk to Price

The Shiba Inu (SHIB) community monitors two important on-chain activities: whale movements and burn rate.

In the last week of September, Shiba Inu (SHIB)’s burn rate declined to its lowest level in 30 days. Meanwhile, it managed to stage a sharp comeback – surging 1,500% in the 24-hour charts where 45 million SHIB tokens had been dumped to dead wallets.

Analysts noted that this inconsistent burn rate poses risk to the price moving forward. This comes as investors would likely dismiss linking their buying and selling signals with how many tokens are eliminated over a period as it changes very fast.

Due to the volatility in Shiba Inu (SHIB)’s burning activities, investors are taking refuge in more stable projects like The Hideaways (HDWY) which possess a more stable growth pathway for clever investors.

The Hideaways (HDWY) Gets a 9,000% Price Projection from Wall Street Analyst

The Hideaways (HDWY) is getting attention lately due to its ability to connect crypto investors to luxury property investment. For the first time, a cryptocurrency project will revolutionize the way regular investors acquire properties through a decentralized platform.

The Hideaways (HDWY) will use a global team of property experts to hand pick properties for their ability to produce yield above 20%. These properties will be linked to an NFT and each NFT will be offered for sale to HDWY investors.

The HDWY project is the first of its kind in the crypto industry and has the first mover advantage – similar to Tesla and electric cars! We think this project will explode in 2023 and it’s incredible that investors are able to take part in the presale at just $0.06.

Due to its novel offering, The Hideaways (HDWY) can hit a 9,000% gain in 2023. You’re up for exponential gains if you invest while The Hideaways (HDWY) sells at $0.06. The price will rise soon, so invest now!

Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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October 27, 2022
Shiba Inu (SHIB) faces profiteering near the 100 EMA!

Shiba Inu has not yet lost its charm, as this hyperactive meme coin is once again in action. The recent jump of 19% value despite the profit booking, in the end, has allowed Shiba Inu to jump one spot in its market capitalization, ranking to 14th position.

The latest market cap value of Shiba Inu is $6,002,002,929, which is not the high we witnessed during the 2021 peaks, but it is moving somewhere after a decent break in strong movements. The sudden buying rallies followed by steep profit booking have become a common price trend of SHIB coins but considering the probable gains to be made in this cryptocurrency, let’s analyze its price action.

Shiba Inu has showcased a newfound resolve to break the stereotype of being a hype coin going dead. Shiba Inu has made a tremendous return with close to a 20% market gain made this week. Moving forward, the price of $0.00001090 brings Shiba Inu back to the 100 EMA curve, which could make things interesting from this point, despite some profit booking at 100 EMA. Wondering what would happen next? Read our SHIB price prediction to get a closer picture of the future price action of the coin.

From the uptrend seen in August to consolidative movement in September and now again a new attempt to move upwards, Shiba Inu has shown strong resolve in upside movement, with previous resistances having a strong say in its price volatility going ahead.

The RSI indicator has already taken opportunists by storm, and so has the MACD indicator started to move with a bullish crossover. SHIB surpassed previous uptrends in just three days, which sometimes took months to achieve. The volumetric action seen is too great of a number to ignore.

Buyers might soon swarm to take a bite of this profitable-looking trade, but the sudden rally in Shiba Inu must be taken as an opportunity with huge risks. The downside from this point forward is in the vicinity of 15%, with the upside limited to just 23%; the trade-off itself seems positive at a glance.

On weekly charts, the outlook for Shiba Inu can be seen gradually shifting towards a strong upside possibility. The consolidation and negative movement of the last five months have finally been overcome with a single week’s uptrend and active buying rallies of SHIB investors.

Both RSI and MACD indicators showcase a consolidation phase with huge volatility from its peak of $0.00001351 to support of $0.00000945. The next target for Shiba Inu would be $0.00001750, creating a profitable position for buyers. The outlook for SHIB buyers is about to change with a breach of consistent resistance levels.

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October 27, 2022
Shiba Inu (SHIB) Up 4.78% Thursday: What’s Next?

Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has added 4.78% to $0.00001095371602.

InvestorsObserver is giving Shiba Inu a 30 Volatility Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Moderately Volatile

InvestorsObserver gives Shiba Inu a moderate volatility rank of 30, placing it in the bottom 30% of cryptos on the market.The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.

SHIB’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Shiba Inu price is trading above resistance. With support at $0.000010162910319924 and resistance around $0.0000107900623959732. This leaves Shiba Inu out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency’s blockchain.

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October 27, 2022
Multi-billion dollar company adds SHIB as payment option
- Fireblocks will allow merchants to integrate Shiba Inu (SHIB) directly into their operations and process them faster, at lower costs, and with greater transparency.
- The Shiba Inu (SHIB) burn activity also shot up 1900 percent this week contributing to its price rally.
Memecoin Shiba Inu (SHIB) has been getting a lot of traction recently. In addition to some key developments in the Shiba Inu ecosystem, the meme cryptocurrency is seeing greater acceptance as a form of payment.

Using Fireblocks Crypto Payments Engine, millions of merchants across the world will now be able to accept payments in Shiba Inu (SHIB). The multi-billion dollar crypto infrastructure services provider, Fireblocks, recently launched its crypto payments engine in partnership with one of the world’s payment processing firms, FIS WorldPay.

The Fireblocks Crypto Payments Engine comes with a new set of tools that will allow merchants to accept, manage and settle cryptocurrency transactions, including Shiba Inu. The crypto payments engine from Fireblocks allows for faster fiat-to-crypto and fiat-to-fiat cross-border transfer solution merchant settlements. This further makes it easy for Payment Service Providers (PSPs) to settle transactions easily across multiple currencies.

Interestingly, Fireblocks will allow merchants to integrate Shiba Inu directly into their operations and process them faster, at lower costs, and with greater transparency. Earlier this year, Fireblocks successfully conducted a pilot test of crypto payments with its partner Checkout.com.

Along with Shiba Inu (SHIB), Fireblocks will also allow merchants to accept the Bone ShibaSwap (BONE) crypto. The crypto infrastructure services provider currently supports payments for more than 1300 cryptocurrencies.

Earlier this month, Canada-based crypto payment gateway, FCFPay also allowed its customers to make payments using Shiba Inu (SHIB). This will allow users to subscribe to their favorite streaming services Netflix and Amazon as they accept the FCFPay Visa card.

Follow us for the latest crypto news!

The SHIB Price Rally

Amid the broader crypto market rally this week, memecoin Shiba Inu (SHIB) also participated in a strong price surge. Interestingly, Shiba Inu continued with its price rally for the second day.

As of press time, Shiba Inu is trading up 7.23 percent at a price of $0.00001122 with a market cap of $6.1 billion. Amid the recent price surge, Shiba Inu has also climbed up the ranks to become the 14th largest crypto by market cap.

The recent price rally for Shiba Inu has also been fueled by a sudden spike in the SHIB burning activity. Over the last week, the SHIB burn activity has surged by nearly 1900 percent. Earlier this week, nearly 45 million SHIB coins were burnt in just 24 hours.

Additionally, the Shiba Inu has revealed a major upgrade in the SHIB metaverse. The team unveiled a new concept art for the future SHIB-themed Metaverse. The team has released new concept art for a new hub of the Metaverse called Dunes.

In order to be prepared for the upcoming economic crash it might be useful to buy SHIB. Therefore you will find hunderds of different companies. We recommend only one where you can easily buy SHIB with PayPal (click here!).
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October 27, 2022
Doge and Shib prices soar ahead of Musk’s Twitter purchase

In April, Elon Musk suggested that dogecoin could be used to make payments on Twitter. Photo: Muhammed Selim Korkutata/Anadolu Agency

Dogecoin (DOGE-USD) and shiba inu (SHIB-USD) soared ahead of the news that Elon Musk may finalise his purchase of Twitter (TWTR) on Friday, which is the deadline for the completion of the $44bn (£37.9bn) acquisition of the company.

As speculation grows that dogecoin could be used in a new integrated crypto payment system on Twitter, the memecoin and it’s younger sibling, shiba inu, pumped.

Check: Crypto live prices

In April, Musk suggested that dogecoin could be used to make payments on Twitter.

Referring to subscription payments on the platform he stated there could “maybe be an option to pay in doge“.

Dogecoin hiked almost 34% in the last seven days to sit around $0.07, up 19% in the last 24 hours.

Shiba inu also rallied 15.6% in the past week, up 8.6% in 24 hours to $0.00001136.

The Tesla (TSLA) CEO marched into Twitter’s San Francisco headquarters on Wednesday holding a sink and stating: “Let that sink in.”

A video of the act lit up the Twitter-sphere with speculation as to whether there was a deeper metaphorical meaning to the sink, beyond the obvious pun.

Musk plans a new revenue model for Twitter, with the possible introduction of dogecoin payments, price cuts, and authentication checkmarks for its Blue subscription service.

In April, Musk tweeted that anyone who signs up for Twitter Blue should pay less than the current $2.99 a month. He also said they should get an authentication checkmark.

He said: “Price should probably be ~$2/month, but paid 12 months up front and the account doesn’t get checkmark for 60 days (watch for credit card chargebacks) and suspended with no refund if used for scam/spam.”

Read more: Could Rishi Sunak make the UK a global crypto hub?

He also said there should not be any ads on the platform as “the power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive”.

The crypto market has been mostly buoyant for the past two days, with forerunners bitcoin (BTC-USD) and ethereum (ETH-USD) shrugging their usual correlation with traditional stocks such as the S&P 500 (^GSPC) and Nasdaq (^IXIC).

On Thursday the combined cryptocurrency market cap jumped 2.7% to $1.05tn, according to coingecko data.

Bitcoin rose 0.6% to $20,724 on Thursday.

Ethereum jumped over 21.2% in the past week to $1,556, rising over 2.6% in the past 24 hours.

Watch: Martin Scorsese’s producer sees NFT’s as the future of film finance | The Crypto Mile

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October 27, 2022
Crypto Whales Scoop Up $35M in Shiba Inu (SHIB), Signaling Bull Season

Shiba Inu (SHIB) price has increased by over 15% in a week as whales scoop up large amounts of the token. The transactions suggest that there might be a large group of whales stocking up on SHIB.

Whales are heading over to meme coin Shiba Inu as large holders have purchased over $35 million in a day. The transactions have taken place as the price has been increasing considerably.

SHIB is up over 11% in the last 24 hours, with a trading volume that exceeds $617 million.

One whale bought about 119.3 billion SHIB, just as the token was breaking its resistance level. Another one bought a whopping 3.36 trillion SHIB, worth about $33.6 million. Remarkably, these are both new whales and both transactions took place in a span of 24 hours.

Whale piling up SHIB: Etherscan

As a meme coin, Shiba Inu can be unpredictable when it comes to its price. However, there have been some major developments happening in the ecosystem. The market has also been improving generally, with all assets seeing high price bumps over the past few days.

Fellow meme coin DOGE also saw a huge increase in price, with the token increasing by over 21% in value. This bodes well for those who go after meme coins, though the price spike might not last long.

SHIB Burn Rate Also Increases Massively

The increase in SHIB price comes as the burn rate also spikes. The SHIB Burn tracker shows that the burn rate has risen by a massive 1,934% in the last 24 hours. This could be one of the reasons behind the price bump.

SHIB has gone up in price by over 15% in the last week. The token is now $0.00001161, having been at around $0.00001001 seven days ago. The token has now crossed the $6 billion mark for the first time in nearly three weeks.

Users Can Pay for Netflix and Amazon (Indirectly) Using SHIB

There have been reports that SHIB holders may soon be able to pay for Netflix and Amazon services indirectly using SHIB. The payment feature comes thanks to FCF Pay, which says that it will soon support SHIB in its prepaid debit cards.

Users are not paying for Netflix and Amazon directly. Rather, they are paying for the services through FCF Pay’s prepaid debit card and whatever crypto assets it supports.

What the payment services provider does is convert the crypto asset into fiat at the point of purchase. Another move forward in terms of adoption is the fact that real estate brands Pacaso and Condos.com will also accept SHIB via BitPay.

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October 27, 2022
Dogecoin (DOGE) and Shiba Inu (SHIB) Go Parabolic on News of Elon Musk’s Twitter Purchase. Floki (FLOKI) Is Another Crypto to Pay Attention To

Twitter stock (TWTR) rallied a little after Bloomberg report of Elon Musk closing his Twitter deal. The biggest beneficiaries of that news, however, have been Dogecoin (DOGE) and Shiba Inu (SHIB).

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October 27, 2022
Anon Whale Dumps 3.3 Trillion SHIB, Here’s Why

Alongside Dogecoin, Shiba Inu has dominated the meme coin market. Since last year, investors’ interest in meme coins has peaked. Despite the sustained cryptocurrency bear market, interest in SHIB among whale investors hasn’t subsided.

Shiba Inu has recently seen an unprecedented increase in whale activity. Whales were buying trillions of SHIB rather than billions. The whales have also been moving, dumping, and buying back the SHIB, using a personal trading strategy.

Some unidentified whales now engage in this routine behavior on a regular basis. According to Whale Alert data, an anonymous whale transferred 3.3 trillion SHIB to another wallet.

Anonymous whale transfers 3.3 trillion SHIB

According to the data from Whale Alert, 3,367,037,381,943 SHIB has been dumped by an anonymous wallet. The exact nature of the transfer is unknown. It is unclear whether the transfer is just a normal movement of the token between the whale’s wallet or a legitimate sell-off.

The current value of the transferred SHIB is worth $35.7 million SHIB at the time of writing, and the anonymous whale now has zero SHIB in its wallet. The market that was plunging until yesterday has reversed and is trading in the green.

As per the data from CoinMarketCap, SHIB is currently trading at $0.00001061 with a 5.3% hike in the last 24 hours. SHIB, which was trading at $0.0000101, touched $0.0000107.

The crypto market has regained a $1 trillion market cap as major coins have displayed single-digit and double-digit gains. BTC and ETH have gained 6.4% and 13.26% in the last 24 hours, respectively.

DOGE has displayed a much better gain, with a 12.3% price hike in the last 24 hours. However, it is unclear whether it is a short-lived bubble or whether it is just the beginning of another rally. The exact reason for the rally is also unclear at the moment.

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October 26, 2022