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Tag: Shiba

  • Big Eyes to be Next Ethereum-based favorite against Shiba Inu & Compound

    Big Eyes to be Next Ethereum-based favorite against Shiba Inu & Compound

    As its presale advances, Big Eyes (BIG) looks to set the stage as a new favorite token among users on the cryptocurrency market. It will take out Ethereum-based counterparts Shiba Inu (SHIB) and Compound (COMP) in its climb to the top, as its popularity keeps increasing daily. Here’s a short review of how the tokens stand at the moment.

    Shiba Inu (SHIB)

    Shiba Inu (SHIB) was developed in 2020 by an anonymous developer. It was touted as the biggest memecoin in the cryptocurrency market and a major counterpart for the reigning Dogecoin. However, its progress has not been as consistent, and analysts note that it might be due to a lack of proper governance within the platform.

    Shiba Inu (SHIB) exists on the Ethereum blockchain and also operates using smart contracts. The platform supports a decentralized exchange, Shibaswap, which helps users trade crypto pairs for a transaction fee. There is also an NFT incubator where users can tokenize their digital content. After converting to a DAO, the platform plans to launch a proper NFT platform in the future, which will improve the decisions made concerning the project’s future.

    Shiba Inu (SHIB) is abundant, numbering about a quadrillion tokens at launch, with about half of that in circulation. The developers will probably burn the rest of the tokens to improve the token’s cryptocurrency price.

    Shiba Inu (SHIB) currently sells for $0.00001 on CoinGecko.

    Compound (COMP)

    The Compound (COMP) platform launched in 2017 as a platform for users, featuring several token markets where they can borrow and lend tokens at different interest rates. The platform permits borrowing by any user without the need for collaterals and interest rate negotiations.

    Like decentralized platforms, Compound (COMP) calculates interest rates using algorithms that read the market trends and determine the rates at which users can borrow. Lenders send their tokens to secure Ethereum smart contracts monitored by Compound, from where the borrowers receive their loans.

    The platform uses two tokens: cToken, which is the currency for the platform, and COMP, which is the governing token used on the network. Borrowers receive cTokens, and lenders contribute cTokens to the platform from their respective wallets. COMP is used for voting on protocol-related decisions. Individual users could adjust their voting rights, and a reduction in COMP balances restores each user’s voting rights to default.

    COMP is available on various DEXs for $. The developers release new tokens every day for use by borrowing users.

    Big Eyes (BIG)

    Big Eyes (BIG) is a new memecoin looking to offer more than laughs in the cryptocurrency market. The presale started in September and has been proof of its increasing popularity. The developers are not stopping there too. They hope to keep the project relevant, and a look at the existing and expected features will convince you. 

    So far, it has been mostly publicity and marketing for Big Eyes (BIG). The platform has pooled users from crypto projects across the crypto space to establish a community-oriented project. Right from its presale, Big Eyes (BIG) has convinced its members they will be paramount in its interests, as the developers made over 70% of the initial 200 billion tokens available for the event.

    Also, in appreciation for the fantastic support the members gave during the presale, Big Eyes (BIG) will host a giveaway contest with 250,000 tokens for grabs by ten members. The winners will be selected from a draw held later in the year and will be announced by December. Eligible members must have some BIG tokens by the draw date before being selected.

    The developers have created and audited Big Eyes’ (BIG) smart contracts using Solidity. They have also gotten the coin to list on exchange platforms like CoinDex and Coincheckup, and they are working on a launch with UNISWAP to achieve greater reach within the cryptocurrency market. 

    The presale is still on, so there is still some chance to get in the project ‘early.’ Click this link to buy your BIG tokens and stay updated with news from the development team:

    Presale: https://buy.bigeyes.space/ 

    Website: https://bigeyes.space/ 

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  • Shiba Inu (SHIB) faces profiteering near the 100 EMA!

    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.

    SHIB PRICE CHARTFrom 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.

    SHIB PRICE ANALYSISOn 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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  • Can Rocketize Become A Rewarding Community-Driven Token Like Shiba Inu And TRON?

    Can Rocketize Become A Rewarding Community-Driven Token Like Shiba Inu And TRON?

    The Rocketize (JATO) community, called the Atomic Nation, will be vital to this budding meme coin’s economy. Atomic Nation members who publish memes, animation, videos, podcasts, and other creative, educational content for organic engagement and marketing will be adequately compensated for their creations.

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  • Shiba Inu (SHIB) Up 4.78% Thursday: What’s Next?

    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.

    volatility - 30
    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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  • Snowfall Protocol Is Set to Outperform PancakeSwap and Shiba Inu | Coinspeaker

    Snowfall Protocol Is Set to Outperform PancakeSwap and Shiba Inu | Coinspeaker

    Two of the most popular cryptocurrencies Shiba Inu (SHIB) and, PancakeSwap (CAKE), are competing with the new crypto project Snowfall Protocol (SNW) as investor favorites, so we look at all three.

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  • Dogecoin and Shiba Inu Uptick Hasn’t Stopped Whales From Buying These Coins

    Dogecoin and Shiba Inu Uptick Hasn’t Stopped Whales From Buying These Coins

    The crypto analyst has noted that the number of Dogecoin (DOGE) and the Shiba Inu investors buying Bitgert and Centcex is still growing bigger every day.

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

    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.

    Whales stock up on Shiba Inu (SHIB)
    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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  • Shiba Inu Burn Rate Skyrockets Over 14,000% As Price Recovers

    Shiba Inu Burn Rate Skyrockets Over 14,000% As Price Recovers

    Shiba Inu (SHIB) recently experienced a sharp increase in burn rate with very few tokens burned. The SHIB Burn tracker shows that over the previous 24 hours, the burn rate of the Shiba Inu increased by 14,267.59%. The increase occurs even though there haven’t been many tokens burned.

    Around 14.07 million tokens were transferred to dead wallets in the last 24 hours, according to SHIB Burn. According to SHIB Burn data, the greatest burn transaction on the previous day was about 9.8 million SHIB. Additionally, the day before, only 97,991 tokens were burned.

    image 25
    Shiba Inu Burn Rate Skyrockets Over 14,000% as Price Recovers 4

    However, the burn rate has cooled down and is currently standing at 1934.01%. 14,896,832 SHIB has been burned in the last 24 hours as per the updated data.

    image 26
    Shiba Inu Burn Rate Skyrockets Over 14,000% as Price Recovers 5

    Shiba Inu price spikes in the last 24 hours

    Shiba Inu has gained traction along with the most recent market rebound. According to statistics from CoinMarketCap, SHIB is currently trading at $0.00001157, up 10.8% over the previous day. The market value of SHIB has also surpassed $6 billion for the first time in the previous 17 days.

    Shiba Inu which was standing at 14th ranking among other cryptos in terms of global market cap lost it to TRX recently and was standing at 15 till yesterday. However, the recent price spike has pushed it to the 13th rank on the basis of the global market cap.

    Whale activity has recently increased in Shiba Inu at a never-before-seen rate. Instead of buying billions of SHIB, whales were purchasing trillions. The whales have also been trading privately and shifting, selling, and buying back SHIB.

    These routine actions are now regularly carried out by some unnamed whales. A whale anonymously transferred 3.3 trillion SHIB to another wallet, according to data from Whale Alert.

    3,367,037,381,943 SHIB have been dumped by an anonymous wallet, according to Whale Alert statistics. The unknown is the precise nature of the transfer. It’s unclear if the transfer represents a genuine sell-off or merely a typical movement of the token between the whale’s wallets.

    The global crypto market cap has finally regained $1 trillion as all the major coins are trading in the green.

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  • Dogeliens: Offering More Fascinating Features Which XRP or Shiba Inu Is Yet to Uncover

    Dogeliens: Offering More Fascinating Features Which XRP or Shiba Inu Is Yet to Uncover

    The new cryptocurrency Dogeliens has taken the crypto industry by storm but Shiba Inu and XRP are lagging behind in their features like the dog-themed coin.

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  • Shiba Inu vs Bitcoin: Which will be a Better Investment for You in 2023?

    Shiba Inu vs Bitcoin: Which will be a Better Investment for You in 2023?

    When it comes to cryptocurrencies, there’s Bitcoin and then there’s everyone else. But Shiba Inu Coin has been in the limelight for several reasons

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