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Shiba Inu's Shibarium to Launch Liquid Staking: A Game-Changer?
Aug 16, 2024
Shiba Inu, the meme-turned-crypto-powerhouse, is upping its game. The project's marketing lead, Lucie, spilled the beans on Thursday. Liquid staking is coming to Shibarium, their layer-2 solution. Mark your calendars for September 18th. This isn't just another crypto gimmick. It's a big deal for SHIB holders. Shibarium aims to tackle the scalability issues plaguing many blockchain networks. It's all about faster, cheaper transactions. K9 Finance is the brains behind this operation. They're Shibarium's go-to for Liquid Staking Derivatives (LSD). Don't get it twisted – we're not talking about the psychedelic kind. Here's the lowdown: users can stake their BONE tokens through K9 Finance. In return, they get knBONE. It's like a tradable IOU for your stake. You can use it, trade it, or even use it as collateral elsewhere. The big dogs got first dibs on testing. Whales with at least 400 million KNINE DAO tokens were invited to the party in late July. They've been staking BONE, earning knBONE, and raking in extra rewards. Now, the gates are open to everyone. The testnet is live, and anyone can give it a shot. It's a chance to kick the tires before the main event. September 18th marks phase two of the project. They're calling it 'Boro'. It's named after some extinct bone-crushing dogs. Fitting, right? This is when the real action starts on Shibarium. But wait, there's more. Phase three, 'Caninae', is slated for Q4 2024. It'll bring a V2 launch and promises to be the "modern expectation of a fully decentralized liquid-staking derivative product". Whatever that means. Let's not forget about KNINE. It's K9 Finance's governance token, launched back in March. You could only grab it on Uniswap initially. Talk about exclusive. So, what's the big picture? Shiba Inu is trying to shake off its meme coin image. They're diving headfirst into DeFi. Will it work? Who knows. But one thing's for sure – the crypto world is watching.
SHIB Bounces Back: Whales Snap Up 9 Trillion Tokens
Aug 06, 2024
Shiba Inu (SHIB) has staged a dramatic comeback. The meme token surged 19% in 24 hours. Its price hit $0.00001337. This follows a broader crypto market recovery of 6%. The bounce comes after a brutal week. SHIB is still down 20% over seven days. Yesterday was one of the worst days for crypto in years. The token has lost 18% in a month. But it's not all doom and gloom. SHIB boasts a 39% gain year-on-year. The recent dip triggered a frenzy of whale activity. Big players seem to be gobbling up discounted tokens. The numbers are eye-popping. Whale activity shot up 588%. A whopping 9 trillion SHIB changed hands. These are transactions worth $100,000 or more. Technical indicators suggest SHIB is finding its footing. The RSI bounced from 20 to over 50. It's losing steam but still looks promising. The 30-day moving average is creeping up towards the 200-day line. Some traders couldn't resist the fire sale. Large transaction volume skyrocketed from 1.53 trillion SHIB to 9 trillion. Not all of this is buying, but it's a massive uptick. This whale action could fuel SHIB's recovery. But don't get too excited. We need the broader economy to play ball for sustained growth. Right now, the US job market is giving everyone the jitters. But here's the twist: bad news might be good news. It could push the Fed to cut rates sooner. SHIB isn't just another meme coin. It's got an ecosystem. There's ShibaSwap, its own DEX. It's got a layer-two network. And let's not forget Shiba Eternity, the addictive P2E card game. Looking ahead, SHIB could hit $0.00002 by Q4. By year-end, $0.00004 isn't out of the question. But in crypto, nothing's certain. Buckle up, it's gonna be a wild ride.
Hackers Stole 5 Trillion SHIB, What Will Happen When They Dump Their Loot?
Jul 18, 2024
Shiba Inu's price took a nosedive. It dropped 11% in 24 hours. The cause? A massive hack of Indian exchange WazirX. Criminals made off with 5.4 trillion SHIB. That's part of a $234 million heist. SHIB now sits at $0.00001707. It's down 2% in an hour. But it's not all doom and gloom. The meme coin is still up 2% for the week. And it's gained 11% in a fortnight. The big question: Will the hackers dump their loot? If they do, SHIB could take another hit. But so far, they're playing it cool. They've been selling bit by bit. The damage might not be as bad as feared. SHIB's chart looks like a rollercoaster. There's been a mad rush to sell. The hackers have already shifted about $20 million worth. Ouch. More pain could be on the horizon. But here's the thing: SHIB looks oversold. A comeback could be on the cards. The relative strength index has plummeted to 20. That's screaming "rebound" in technical analysis speak. But hold your horses. We might need to wait for the 30-day moving average to dip below the 200-day. That's usually when coins hit rock bottom. Some folks are freaking out. They think the hackers will dump everything at once. But crypto watchers aren't so sure. One observer, VIKTOR, tweeted: "If the hacker really wants to optimize his execution, he would have to sell VERY slowly. I don't think he will be that patient." Here's the kicker: The hackers might struggle to sell at all. Security analysts and the law are watching the Ethereum blockchain like hawks. SHIB operates on this very public ledger. So, maybe it's not game over for SHIB. The worst might already be behind us. Looking ahead, SHIB could bounce back strong. Ethereum ETFs are set to launch next week. That could boost the whole crypto scene. And rate cuts in the fall? That's more good news. SHIB's still a top dog in the meme token world. It could hit $0.00002 and then $0.00003 in Q4. Woof! But SHIB isn't the only game in town. New tokens are popping up, looking to beat the market. Take Shiba Shootout (SHIBASHOOT). It's raised $700,000 in its presale. Not too shabby. Why are investors biting? SHIBASHOOT mixes Shiba Inu memes with Wild West vibes. It's all about community. They're planning mini-games, poker tournaments, and treasure hunts. Sounds like a hoot. SHIBASHOOT has a max supply of 2.2 billion tokens. 35% goes to the presale, 20% to staking. Holders get to vote on stuff too. That could keep people hodling, pushing the price up. Want in? Head to their website. One SHIBASHOOT token costs $0.0196 right now. But that'll go up as the sale progresses. When it lists later this year, who knows how high it could go?
Meme Coin Weekly Watch: DOGE Dips, PEPE Pops, MOG Had Wild Ride
Jul 13, 2024
The meme coin market experienced significant turbulence this week. Top tokens saw dramatic price fluctuations. News events and community actions drove these changes as always, but meme coins also took heavy hits from the outside world. Dogecoin (DOGE) stumbled initially. An Elon Musk tweet failed to spark enthusiasm, causing a 5% drop. But rumors of an e-commerce partnership reversed the trend. DOGE closed the week up 3%. Shiba Inu (SHIB) made a strong comeback. A new DeFi integration announcement propelled it up 12%. Enthusiastic community support pushed SHIB to new weekly highs. Pepe (PEPE) was the week's most stable performer. It surged 18% after launching a new NFT collection. This move tapped into investor nostalgia and excitement. Then it went back to its usual positions. A newcomer, dogwifhat (DOGWH), turned heads with a 15% fall, that followed an amazing 20% jump. Viral social media posts fueled its rise. Fresh investors piled in, drawn by the buzz. Bonk (BONK) had a solid week, climbing 4%. A successful community giveaway event drove the increase. It showcased the power of grassroots initiatives in the meme coin space. Floki (FLOKI) went on a wild ride. A Viking-themed marketing campaign initially boosted it 7%. Profit-taking then led to a 5% dip. FLOKI still ended slightly up for the week, as vikings never surrender, you know. Brett (BRETT) saw a 10% uptick, and then rolled down for 3%. New partnerships with emerging crypto platforms enhanced its appeal. The vocal Brett community played a key role in sustaining momentum. Mog Coin (MOG) truly went through the wringer. It dropped 10% on negative sentiment, then rebounded 15% after launching a staking feature. Talk about a rollercoaster! Book of Meme (BOM) steadily gained 4%. Small but positive platform updates drove its performance. BOM's consistency continued to attract new investors. We love stability, of course. And we lack it so desperately. Dog (Runes) faced headwinds, dropping 8%. Market corrections and regulatory concerns were to blame, no doubt. Yet, the community remained upbeat about future developments. To sum up, this week's events highlight the meme coin market's unpredictability that goes far beyond the ordinary altcoins. But that's why we love meme coins, right? They are insanely fun and insanely risky. That's probably not what Satoshi intended for us, but who says we can't have fun while Daddy is away.
Shiba Inu Whales Signal Potential Rally with Exchange Outflows
Jul 11, 2024
Recent on-chain data suggests a bullish trend for Shiba Inu (SHIB). Large holders are moving tokens off exchanges. This could indicate a price rally on the horizon. Santiment, an analytics firm, shared these findings on X, with an interesting addon, as they've categorized SHIB whales into two groups. According to analysts, there are exchange whales and non-exchange whales. Each group comprises the 150 largest wallets in their category. The data paints an interesting picture. Exchange whales have significantly reduced their holdings. In just a month, they've offloaded 5.53 trillion SHIB tokens. Where did these tokens go? It seems non-exchange whales scooped them up. These self-custodial investors increased their holdings by 6.57 trillion SHIB. They've even acquired additional tokens from smaller holders. This shift is noteworthy. Coins held on exchanges are often primed for trading. A decrease in exchange supply could mean less selling pressure. It's a potential boon for SHIB's price. The timing of these moves adds another layer of intrigue. These outflows occurred during a price dip. It suggests whales see the current lows as a buying opportunity. "The accumulation naturally shows that the whales believe the recent lows to have been profitable entry points into the asset," Santiment noted. However, the market remains uncertain and SHIB's price has taken a beating recently, which was a bit shocking to many users, especially the rookies who don't know much about crypto market volatility yet. It's down 28% in the past month, trading around $0.00001639.

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Is Shiba Inu Dead?
Shibwifhatcoin
Jun 12, 2024
Shiba Inu, a cryptocurrency born from internet memes, is dead. Or maybe not. Some analysts go as far as to say Shiba Inu is dead in 2024. As in not worth investing and even discussing. Is there a chance they are wrong? Let's find out. According to a bunch of analysts, Shiba Inu is losing ground due to a tough competition and sluggish development. Other still think Shiba Inu has enormous potential fueled by its enthusiastic community. Who is right and who is wrong here? And should you invest in Shiba Inu in 2024 or is the legendary meme coin dead? Let's start with a brief history of Shiba Inu. And then we'll take a look at what's going on with it now. The Detailed History of Shiba Inu: From Joke to Reality It all began in August 2020 when an anonymous individual or group known as Ryoshi launched the Shiba Inu token (SHIB). The guys were Inspired by the Shiba Inu dog breed. Their intention was to replicate and surpass the success of Dogecoin, another phenomenal cryptocurrency that started as a joke. Shiba Inu's journey kicked off on the Ethereum blockchain. That seemed pretty logical. Ethereum was the most advanced blockchain at that time. Nobody expected that, but Shiba Inu quickly gained traction. It appeared in the right place and the right time to be on the verge of the growing interest in meme coins. It got listed on Binance, then on Coinbase and KuCoin. Then the Shib Army appeared. That's the name the passionate community around the meme coin chose for itself. Then the large caliber PR gun arrived. That was the Ethereum co-founder Vitalik Buterin. In May 2021 he suddenly donated a significant portion of his SHIB holdings to charity. This move fueled interest to Shiba Inu. The coin grew in popularity. Even despite the pretty evil criticism from fans of more established cryptocurrencies. Bitcoin maximalists, for example, said that Shiba Inu is basically a scam. They pointed that the token lacks intrinsic value and utility. The community kept ignoring those attacks. In July 2021 the ShibaSwap was launched. It is a decentralized exchange that provides users with additional functionalities such as staking and swapping various tokens within the Shiba Inu ecosystem. Additional tokens were launched at that point, namely LEASH and BONE. Then things started to go a bit awry. Shiba Inu was unable to separate itself from the global crypto market. it reached its historical peak together with Bitcoin in autumn 2021. And then went into bearish sentiments together with the market. The dreadful volatility of Shiba Inu became its curse. In 2022 and 2023 Shiba Inu lost a significant portion of its popularity. That's a fair price to pay for bearish cycle. right? And that brings us to where we stand now - to the question, whether Shiba Inu is dead in 2024 or there is something more to it? Shiba Inu in 2024: What's Going On? Today we see SHIB is a top 15 cryptocurrency by market cap. Since the start of 2024 to the current date, the value of SHIB has increased by more than 300%. That's a phenomenal growth, far bigger than most of the well established cryptocurrencies out there. However, we all know Shiba Inu can do better. Today SHIB is still around 60% lower than its all-time high in 2021. Reasons Why Shiba Inu May Go Up The crypto market is unpredictable. But some factors can - and must! - be taken into account. Let's take a look at things that point to SHIB's inevitable growth. Shiba Inu boasts a dedicated and passionate community of supporters, known as the “Shib Army.” These guys actively promote and advocate for the project. They fueled the project in the past. Nothing says they won't to it in the future. Shiba Inu’s tokenomics is its strength. Its deflationary token model and burn mechanism are uncanny. Regular token burns gradually reduce the overall supply. And increasing scarcity, as we all know, is driving value appreciation. Shiba Inu has some surprises on its roadmap. That includes L2 blockchain and upgrades for Shiba Eternity and ShibaSwap. Reasons Why Shiba Inu May Go Down Now let's talk about things that might mean ultimate demise for Shiba Inu. Critics say that Shiba Inu’s vast token supply is simply killing it. There are literally trillions of tokens in circulation. That challenges market stability, even with the aforementioned token burns. There are so many newly born meme coins and DeFi projects, you can easily lose count of them. Shiba Inu faces stiff competition. Investor's attention is a finite resource. Like many other cryptocurrencies, Shiba Inu faces the regulatory uncertainty. Meme coins are so much weaker than the well established tokens like BTC. And legal hurdles pose so much more danger to them. Same goes to price volatility. It is almost impossible to asset the real value SHIB possesses because it's basically a meme coin, in case you forgot. Investor sentiments, market trends, FOMO, global politics - there are so many factors that can diminish the community support. Is Shiba Inu Dead in 2024 - Takeaways Short answer is "No." There are lots of troubles, legal hurdles and all kinds of uncertanties. Yet, there is a mighty community and some promising developments ahead. That is enough to be optimistic. Shiba Inu was - and still is - a leading meme coin and one of the driving forces of the DeFi as we know it.

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