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Tag: Shiba Inu

  • Shiba Inu News: ShibaSwap And Pawzaar Unleash New Features

    Shiba Inu News: ShibaSwap And Pawzaar Unleash New Features

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    In a significant development for the Shiba Inu community, the much-anticipated upgrades for ShibaSwap 2.0 have been teased with fresh details, and NFT marketplace Pawzaar has announced a new approach to SHIB burns that aims to bridge tokens from Shibarium back to Ethereum. Here’s the latest Shiba Inu news.

    New Features For ShibaSwap 2.0

    The Shiba Inu ecosystem is abuzz with anticipation as the marketing lead Lucie hinted at innovative features for the upcoming release of ShibaSwap 2.0. In a statement that caught the attention of crypto enthusiasts, Lucie said:

    Shibaswap 2.0 is more than just a regular DEX; it’s a complete portal experience. As for why it can’t be produced like other DEXs in week, it involves intricate development and features. Additionally, Shiba Name Service is one of our pioneering features. Next week coming another feature. #shibarium x BONE X SHIB

    Expected to revolutionize the decentralized exchange landscape, ShibaSwap 2.0 remains under development, with the specific launch date still shrouded in secrecy. Although speculative mentions of an October release have emerged (which turned out false), the team’s strategic silence on an official date underscores their cautionary approach to community expectations.

    Lucie’s previous comments in April brought to light that ShibaSwap 2.0 will not only facilitate token swaps but also serve as a crypto portal — a comprehensive platform offering news, statistics, charts, and trends. Alongside the informational gateway, the DEX will boast new designs that are yet to be unveiled. This level of development suggests a qualitative leap, aiming to enhance user engagement and provide value-added services within the Shiba Inu ecosystem.

    Pawzaar Implements New Approach To SHIB Burns

    Turning to the SHIB burn debate, Pawzaar, a burgeoning NFT platform on Shibarium, declared a key operational upgrade today:

    We have finished upgrading our platform! All SHIB burns now go to a wallet that will bridge the tokens from Shibarium to Ethereum. As addressed by Lucie, we have complied to the request for burns to take place on Ethereum. We will begin adding collections onto the platform!

    The platform is aligning with Lucie’s guidance, ensuring burns contribute to the SHIB’s total supply reduction on Ethereum’s Layer-1 network. The clarification came after Shib CoOp’s inaugural SHIB burn on Shibarium sparked a hotly discussed debate, emphasizing the need for a protocol that accurately impacts the SHIB supply. The community-driven burn tracker, Shibburn, laid out the technicalities, “If you burn a token like SHIB on an L2 chain, you are not actually burning the original token on the L1 chain.”

    Lucie further explained the burning process across both layers, emphasizing the necessity for burns to occur on the Ethereum network to affect the original SHIB token supply genuinely. She explained that Shibarium projects which wish to burn tokens, have to make sure to bridge the SHIB back to the Ethereum network and then send it to the dead wallet.

    Pawzaar’s implementation of this directive is a first on Shibarium and showcases their commitment to the community’s consensus on token burns. Remarkably, the NFT platform launched only on October 24 and saw a massive influx of users thanks to the SHIB Dreams collection. The high demand was too much for the node provider and prompted the Pawzaar team to stop minting new NFTs for a while.

    Recently, Pawzaar also announced: “We will be adding collections and providing details on the upcoming PAWPASS. Expect announcements of some upcoming partnerships and PAW (PAWZONE) utilities on the platform. Keep building Shibarium NFT creators and supporting SHIB burns collectors! The fun is about to begin.”

    At press time, Shiba Inu traded at $0.000008, just above the 20-week EMA (at $0.00000798).

    SHIB struggles with the 200-week EMA, 1-day chart | Source: SHIBUSD on TradingView.com

    Featured image from Shutterstock, chart from TradingView.com

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    Jake Simmons

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  • Shiba Inu Burn Rate Performance Plummet For The Month Of October | Bitcoinist.com

    Shiba Inu Burn Rate Performance Plummet For The Month Of October | Bitcoinist.com

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    According to records from Shibburn, it appears that Shiba Inu‘s burn rate for the month of October saw a significant decline in the total number of Shiba Inu tokens that were destroyed in comparison to the total number that was destroyed in September.

    Shiba Inu’s Burn Rate Fell Significantly

    Shibburn has revealed that the Shiba Inu community burnt approximately 1,461,135,923 (1.46 billion) SHIB tokens from circulation in October. The record was revealed on October 28, when a whopping 250 million SHIB were sent to an address that was deemed inaccessible.

    The 1,461,135,923 (1.46 billion) SHIB tokens that were destroyed by the Shiba Inu community were carried out in 753 distinct transactions. 

    The post read:

    1,461,135,923 $SHIB tokens have been burned in October with 753 transactions.

    However, it may seem the number of SHIB tokens eradicated in the previous month is huge, but it indicates a decrease of 37.12% in its burn rate performance compared to September.

    Shiba Inu is currently traded at $0.0000079 | Source: SHIBUSDT on Tradingview.com

    The platform’s burn rate might indicate a decline in community engagement in the SHIB burn. In September, its marketing specialist Lucie once told the community in September that SHIB burns are a collective effort from both the community and devs since it is based on transaction activity and real engagement from within the platform.

    According to the monthly burn records, the total number of SHIB tokens burnt in September was approximately 2,323,834,085 (2.32 billion) SHIB tokens. This whopping number of SHIB tokens burnt was carried out in 426 discrete transactions.

    Community Reactions On SHIB Burn Rate

    So far, the crypto community has not been impressed by Shiba Inu’s burn rate performance for a while now. Some users have expressed their displeasure and disappointment with the burn rate.

    In response to the October monthly burn rate post, a certain X (formerly Twitter) user expressed his disappointment in the platform’s current burn rate speed. According to the user, it will take approximately 100 years to burn 1,462,000,000,000 (1.4 trillion) SHIB tokens, whereas the current circulating supply of SHIB is 589,000,000,000,000 (589 trillion).

    Related Reading: Shiba Inu Team Member Explains The Importance Of These Latest SHIB Updates

    He further added that SHIB holders are likely not to survive to see the price and laugh about it in the future.

    “At this speed, you can burn 1,462,000,000,000 in 100 years, but the number of coins is 589,000,000,000,000. In the future, the holder probably won’t live to see the price and laugh,” the user stated.

    Another user also pointed at the platform’s hesitation to make a move, due to PEPE destroying over 4 trillion tokens in just one day, while Shiba Inu is destroying 1.4 billion in a month.

    Nonetheless, the program’s successful completion is thought to be a bullish element that could fuel a rise in the price of SHIB. According to CoinGecko, SHIB has increased by about 5% over the past seven days and 12% over the past two weeks.

    Featured image from CryptoGlobe, chart from Tradingview.com

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    Godspower Owie

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  • Shiba Inu Accumulation: You Won’t Believe How Much SHIB Whales Have Bought

    Shiba Inu Accumulation: You Won’t Believe How Much SHIB Whales Have Bought

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    Shiba Inu is up by 12.15% in a 7-day timeframe as investors continue to accumulate cryptocurrencies in the wider crypto market. However, on-chain data has shown that accumulation has been going on for a while, with SHIB whales now accumulating $300 million in the past three months. 

    Shiba Inu Whales Have Been Accumulating Large Amounts Of SHIB

    On-chain data from IntoTheBlock has shown that SHIB whales, meaning large holders, have been accumulating huge amounts of SHIB over the last few months. Large holders in the Shiba Inu ecosystem are divided into 12 whales (those with more than 1% of circulating supply) and 47 investors (those with more than 0.1% of circulating supply). These top SHIB wallet addresses have added an increase of +33.17%, around $300 million worth of SHIB in just the last 90 days.

    Data from the on-chain tracker Whale Alerts has shown various massive transfers during this time period. When investors accumulate large amounts, it often signals an incoming price rally. 

    These massive accumulations by large holders point to their bullish belief in SHIB, despite the crypto having a weak momentum before the ongoing spike in the crypto market. 

    This accumulation can, for the most part, be traced back to the introduction of Shibarium. The layer-2 solution developed by Shiba Inu, known as Shibarium, has had a good deal of success. At the time this article was written, the Shibarium blockchain had a total of 3,685,073 transactions and 1,257,858 wallet addresses.

    SHIB Future Outlook

    SHIB has had a price spike in relation to the ongoing inflow of funds into the crypto market currently being spearheaded by Bitcoin. At the time of writing, SHIB is trading at $0.00000784 after facing rejection at the $0.0000082 mark. 

    Bulls have defended the $0.0000061 support level and $0.0000077 levels very strongly to form support after the price tested the latter level multiple times. A sustained move above $0.0000082 could send SHIB skyrocketing to its August high of $0.00001137.

    Large SHIB holders now hold 71% of the total circulating supply, and some of them can manipulate the price to their advantage. While whale accumulation is a positive sign, there are other things to consider regarding SHIB’s price outlook. On the other hand, the Shiba Inu developers and team leaders have pointed at upcoming projects in the ecosystem, one of which is a stablecoin based on Shibarium. If successful, a SHIB-based stablecoin could attract new investors to the Shiba Inu ecosystem, leading to a strong SHIB price spike.

    SHIB price readies to test $0.000008 | Source: SHIBUSD on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

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    Scott Matherson

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  • Shiba Inu Reverses Downtrend – What’s Next For Investors?

    Shiba Inu Reverses Downtrend – What’s Next For Investors?

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    Shiba Inu (SHIB) has sustained an impressive bullish streak over the past week, marking a significant upward trajectory in its value. With seven out of the last eight days showing positive growth, the meme coin has not only managed to reclaim a critical low of $0.0000076 it registered in December last year, but has also encountered several notable barriers along its upward climb.

    In its journey through September, SHIB faced resistance from the established resistance zone and a daily bearish order block situated above $0.00000755.

    However, the October rally saw a significant shift, as the hurdle transformed into support, propelling the coin beyond the December low, with the current SHIB price according to CoinGecko standing at $0.0000078, indicating a 2.5% dip over the last 24 hours but still showcasing a substantial 14% surge over the past seven days.

    Price Analysis Reveals Liquidation Levels And Potential Pullbacks

    The recent price analysis report has highlighted substantial liquidation levels within the cryptocurrency market, drawing attention to a key threshold at $0.0000077 as the upper boundary for liquidations. Additionally, the analysis revealed that medium liquidation levels are concentrated within the range of $0.0000078 to $0.0000079.

    These findings indicate that traders and investors should closely monitor these price levels, as they serve as crucial points of interest, potentially signifying significant shifts in market sentiment and trading activity.

    The data suggests that these specific price points are currently important reference points in assessing the cryptocurrency’s price dynamics and potential market reactions.

    This information hints at the possibility of an extended pullback, potentially leading to a liquidity hunt that could drive SHIB towards the $0.0000077 mark.

    Source: Hyblock

    The medium liquidation level at $0.0000083 is a significant chart obstacle for SHIB, potentially posing a formidable challenge to any further price increases. It has historically acted as a strong resistance point, and breaking through it could be a key factor in SHIB’s future price performance.

    The bullish momentum of Bitcoin has the potential to be a crucial factor in helping SHIB overcome its current price obstacle, especially if Bitcoin surpasses the $35,000 mark. Bitcoin’s significant influence on the broader cryptocurrency market means that a strong Bitcoin rally could stimulate greater interest and investment in SHIB, possibly enabling it to exceed the $0.0000083 level. This highlights the interdependence of various cryptocurrencies and the impact of Bitcoin’s performance on its counterparts.

    SHIB seven-day price performance. Source: Coingecko

    SHIB’s Growing Investor Interest

    Interestingly, Shiba Inu has witnessed a surge in the total number of addresses, currently reaching a new high of 3.63 million, as per data provided by IntoTheBlock.

    SHIB reached a market cap $4.626 billion today. Chart: TradingView.com

    This substantial increase in the number of addresses indicates a growing interest in SHIB among investors and traders. Furthermore, IntoTheBlock’s data also highlights an uptick in Shiba Inu profitability, indicating that the positive price action has contributed to a favorable investment landscape for the meme coin.

    Shiba Inu’s recent price movements suggest a resilient and increasingly promising outlook, despite the challenges posed by key resistance levels and potential pullbacks.

    As Shiba Inu reverses its December downtrend, investors are eagerly watching for signs of a potential upward trend. The cryptocurrency market’s resilience and the enthusiasm of Shiba Inu’s community underline the possibility of brighter days ahead.

    (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

    Featured image from The Currency Analytics

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    Christian Encila

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  • Important Shibarium Metric Explodes 400%: Bullish SHIB Sign?

    Important Shibarium Metric Explodes 400%: Bullish SHIB Sign?

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    TL;DR

    • Shiba Inu’s layer-2 solution, Shibarium, witnessed a 400% increase in daily transactions, reaching over 62,000 on October 25.
    • Since its launch in August, Shibarium has seen over 1.3 million blocks and is nearing 4 million overall transactions.
    • This growth in Shibarium is seen as a potential driver for SHIB’s price, which has recently risen by about 10% daily and 20% weekly, possibly also influenced by the broader bullish cryptocurrency market trends.

    What’s New With Shibarium?

    After days of registering relatively low transaction volume, Shiba Inu’s layer-2 blockchain solution – Shibarium – has finally managed to change the trends. 

    According to data provided by Shibariumscan, the number of daily transactions on the network climbed to over 62,000 on October 25. This represents a 400% increase compared to the figure observed the day before.

    The L2 scaling solution officially saw the light of day at the end of August and has progressed rapidly ever since. Total blocks on the network have exceeded 1.3 million, whereas overall transactions are inching towards the 4 million milestone.

    Those willing to learn more about Shibarium and how it plans to improve the popular memecoin Shiba Inu could take a look at our video below:

    Could This Drive SHIB Price Up?

    Shibarium’s advancement has been touted as an important factor that could trigger a Shiba Inu (SHIB) rally. The coin’s price has surged by approximately 10% in the past 24 hours and nearly 20% on a weekly basis.

    Shiba Inu Price
    Shiba Inu (SHIB) Price, Source: CoinGecko

    Another element benefiting the performance of the self-proclaimed Dogecoin could be the current bullish condition of the cryptocurrency market. Earlier this week, Bitcoin (BTC) spiked to a 17-month high of $35,000, while many of the altcoins are also well in the green.

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    Dimitar Dzhondzhorov

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  • This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap

    This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap

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    The cryptocurrency space is indeed full of surprises. Recently, an emerging meme coin called $MEME, which has no roadmap or utility has already raised over $11 million in its ongoing firesale.

    Memecoin (MEME) Achieves A Major Milestone With Firesale

    MEME is an Ethereum-based memecoin that operates under the ERC-20 network, with a total supply of 69 billion MEME tokens. The token was designed by a web3 startup called Memeland and launched by the team that worked on 9GAG.

    According to the Memecoin fire sale page, the brand new meme coin reportedly sold over 11.4 billion MEME tokens selling at $0.001 in its ongoing firesale. This indicates a significant 150% surge, beating the team’s expectations from the very beginning.

    The token’s active firesale which has amassed over $11 million already has done this despite being a waitlist-only sale.

    In line with Memecoin’s whitepaper, the team highlighted that the token “has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend.” 

    The team further asserts that in regard to the Memeland ecosystem, the Memecoin does not represent “any entitlement to any voting rights.” 

    However, despite the meme coin not having a roadmap, utility, and future return, it did not sway crypto investors from purchasing the meme coin. In addition, the crypto community is still eager to buttress the startup, demonstrating crypto investors’ trust and faith in the new meme coin.

    According to data from MEME’s tokenomics, it was revealed that the first 2.7% of the total supply of the MEME token will be released on October 27. Meanwhile, the remaining portion will be “unlocked daily over the course of eighteen months.”

    Meme Coin Captures Crypto Investors’ Interest

    The cryptocurrency community’s interest in the newly introduced MEME token can be traced back to the future profit potentials of meme coins. Meme coins can offer huge investment returns for investors, although they can also be risky for those who do not engage in proper research before investing in the tokens. 

    One notable meme coin that has garnered huge returns for investors and produced hundreds of millionaires in the 2021 bull run is the Shiba Inu (SHIB) meme coin. 

    Related Reading: The Battle of Memecoins: EverLodge vs Shiba Inu – Which Holds the Key to Success?

    The Dogecoin rival was launched in 2020 but later rose to fame in 2021 after significant price surges. The token has managed to remain a vital meme coin to this day.

    Shiba Inu price at $0.000008 | Source Tradingview.com

    The Shiba Inu was launched with an initial price of $0.000000001009, according to CoinMarketCap. By May 2021, the token was traded at $0.00003469, indicating an over 10,000% surge in price. The token is the currency being traded at $0.000008 as of the time of writing.

    Featured image from Memeland, chart by Tradingview.com

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    Godspower Owie

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  • Shiba Inu Community Tracks Down Founder’s Wallet, You Won’t Believe How Much It Holds | Bitcoinist.com

    Shiba Inu Community Tracks Down Founder’s Wallet, You Won’t Believe How Much It Holds | Bitcoinist.com

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    Recent reports about Shiba Inu’s pseudonymous founder Ryoshi by the Shiba Inu community after tracking the founder’s wallet have sparked controversy within the Shiba Inu ecosystem.

    Shibburn Claims Ryoshi Holds $1 Billion In Shiba Inu

    According to an X (formerly Twitter) post by Shibburn, the Shiba Inu community-driven burn tracker, the burn tracker has claimed that Ryoshi holds a significant $1 billion worth of SHIB tokens amounting to over 10% of the token total supply. The claims basically contradict the previous belief about Ryoshi that he had no SHIB holdings.

    The foundation of the tracker’s claims can be traced back to the historical data from Bubble Maps, a renowned on-chain analytical platform. In January 2023, it showed that a considerable amount of the SHIB supply was under the control of a group of wallets purportedly linked to Ryoshi. 

    In addition, the data asserts that these wallets already started to collect SHIB tokens as of August 2020. This was performed with the native wallet, identified as 0x1406, which for a small initial deposit of 38 ETH, or $10,000 at the time, accumulated an astounding 103 trillion SHIB tokens.

    The wallet reportedly held over $5 billion in assets as Shiba Inu’s market capitalization surged to $40 billion two years ago. The assets in the wallet were later distributed into several smaller new wallets, which have remained dormant, with no activity since creation.

    Shiba Inu Market Capitalization at $4.7B | Source: Tradingview.com

    In its meticulous pursuit of preventing detection, Bubble Maps has since tracked the movement of these wallets and highlighted attempts to disperse cash into smaller ones.  This has since caused quite a stir in the Shiba Inu community, giving rise to concerns about the project’s transparency.

    Given that the aforementioned wallets have held the tokens without any sales, some cryptocurrency aficionados do not believe that this kind of disclosure is essential highlighting concerns that hackers may get interested in the wallets.

    So far, Ryoshi has not responded to these claims. However, the project’s marketing specialist Lucie, recently took to her official X handle to express her displeasure about the claims, highlighting them as misinformation.

    According to Lucie, those wallets were created prior to the 2021 bull market and they do not belong to Ryoshi.

    Shibburn Address Community Frustrations

    The post from Shibburn came as a response to heightened confusion among the media outlets, emerging investors, crypto exchanges, and the crypto community at large regarding the ownership and control of the Shiba Inu project. 

    According to Shibburn, there are no official tokens, and not a single entity controls the SHIB tokens, highlighting that it seems like an ongoing campaign to push the opposite.

    “Please remember that no one controls $SHIB, therefore, it doesn’t have anything official or any tokens linked to it. It feels like there’s an ongoing campaign to push the opposite,” it stated.

    The Shiba Inu tracker further asserts that they encountered resistance following the announcement made by the Shib Association, which raised bickering in the community. The team also stated that they were held accountable for not working in line with Ryoshi’s vision.

    Featured image by Figma, chart by Tradingview.com

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    Godspower Owie

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  • Shiba Inu Price Prints Rare Buy Signal, What You Need To Know

    Shiba Inu Price Prints Rare Buy Signal, What You Need To Know

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    Amid the bullish sentiment in the crypto market, Shiba Inu (SHIB) has recently garnered significant attention from traders and investors. A recent analysis by renowned crypto analyst Ali Martinez has spotlighted a rare buy signal for the token, potentially hinting at an upward trajectory for its price.

    Buy Shiba Inu Now?

    For those not familiar, the TD Sequential is an indicator used by traders to identify potential price patterns and reversals. Developed by Tom DeMark, the TD Sequential is a series of numbers and letters that represent specific counts on a price chart.

    When the count reaches a ‘9’ (TD9), it typically suggests a potential reversal in the market’s current trend, whether bullish or bearish. Its utility in predicting market turns has made it a staple in many traders’ toolkits, especially in the realm of cryptocurrencies.

    Ali Martinez, in a recent tweet, pointed out that the TD Sequential has flashed a buy signal on the Shiba Inu’s weekly chart. Such an occurrence isn’t just significant due to the potential for a bullish turn but also because of the infrequency of these signals.

    Historical data analysis reveals that in the last two instances when such a buy signal manifested, the SHIB price surged by 118% and 71%, respectively. These past performances, while no guarantee of future results, do provide a tantalizing backdrop to the current scenario.

    Martinez stated:

    The TD Sequential flashed a buy signal on [the] SHIB weekly chart. Notably, the previous two bullish turns from this indicator led to price surges of 118% and 71%, respectively. Given the infrequency yet precision of such signals, it’s a pivotal moment to keep a keen eye on SHIB.

    Shiba Inu TD9 | Source: X @ali_charts

    The TradingView chart, shared by Martinez, outlines the SHIB/TetherUS (USDT) Perpetual Contract on the Binance platform. It shows that back in June 2022, Shiba Inu recorded an impressive surge of approximately 117.80% within eight weeks. This rally was preceded by a ‘9’ candlestick on the TD Sequential indicator, hinting at the buy setup.

    In late September 2023, another TD Sequential ‘9’ buy signal emerged, resulting in a 71.17% ascent in SHIB’s value within the subsequent nine weeks. As of October 25, 2023, yet another ‘9’ buy setup has manifested on the weekly time frame. Given the token’s historical reaction to these setups, a bullish move seems likely.

    However, while the TD Sequential is a respected tool, it’s worth noting that all indicators should be used in conjunction with other tools and analysis methods. The volatile nature of the crypto market means that predictions, even when based on historically successful indicators, come with inherent risks.

    A Consistent Signal

    At press time, the Shiba Inu price was trading at $0.00000732 and has thus managed to recapture the neckline of the descending triangle in the weekly chart. As detailed in earlier analysis, SHIB was in a make-or-break moment in the last two weeks. However, since SHIB was able to bounce above the neckline, the bullish scenario has now come to the fore.

    As was the case from June to early August 2022 after the formation of the third bottom (yellow circle), SHIB could now rally again towards the descending trend line of the triangle as a result of the fourth bottom (second yellow circle).

    Thus, the TD9 signal and this technical pattern coincide. As then, however, a new decisive moment would come for the Shiba Inu price – the battle to break out of a more than 2-year downtrend.

    Shiba Inu price
    SHIB price, 1-day chart | Source: SHIBUSD on TradingView.com

    Featured image from Shutterstock, chart from TradingView.com

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    Jake Simmons

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  • Shiba Inu Mysterious Whale: 29.7 Billion Tokens Hint At Price Surge

    Shiba Inu Mysterious Whale: 29.7 Billion Tokens Hint At Price Surge

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    Shiba Inu (SHIB) has recently attracted considerable attention in the crypto market, thanks to a sudden surge in whale movements over the past weekend. Crypto whales, a term used to describe individuals or entities that hold large amounts of cryptocurrencies, have notably contributed to a significant upsurge in SHIB tokens within their wallets. 

    According to data provided by IntoTheBlock, SHIB whales amassed a staggering 4.52 trillion SHIB tokens, marking an astonishing 2,300% increase from the figures observed on Friday.

    The implications of such pronounced whale activity on the price of Shiba Inu tokens have become a topic of intense speculation within the crypto community. With the surge in SHIB tokens being added to whale accounts, the market sentiment has been notably impacted. 

    The movement of tokens out of whale accounts has also witnessed a substantial decline, with the amount decreasing from 281.83 billion SHIB tokens on Friday to 29.13 billion over the weekend. This considerable shift in token movement has spurred discussions regarding its potential effects on the overall price trend of SHIB in the near future.

    Shiba Inu Market Performance

    As of the latest data on CoinGecko, Shiba Inu is currently valued at $0.00000746, showcasing a 24-hour gain of 4.2% and a seven-day increase of 4.4%. SHIB’s burn rate has also registered a decent uptick of 380%, according to data by Shibburn.

    Source: Shibburn

    The recent surge in whale activity within the SHIB ecosystem has led to intense speculation about its correlation with the positive price action of the token. Many market observers are contemplating whether this trend could potentially foreshadow an imminent rally in the price of SHIB. 

    SHIB market cap currently at $4.473 billion. Chart: TradingView.com

    The Road Ahead

    The lingering questions surrounding the causal relationship between whale movements and price movements continue to dominate discussions within the crypto community.

    Answers to these critical queries are anticipated to unfold in the days ahead, with the market’s response serving as a barometer for the potential trajectory of SHIB’s price chart in the near future.

    In this dynamic and ever-evolving landscape of cryptocurrency, it is essential to closely monitor the interplay between whale activity, burn rates, and market sentiments to gain a comprehensive understanding of the factors influencing the price dynamics of Shiba Inu and other cryptocurrencies. 

    As the market continues to navigate through fluctuations and uncertainties, it remains paramount for investors and enthusiasts to stay informed and vigilant, with a keen eye on the evolving trends shaping the trajectory of SHIB in the crypto market.

    Featured image from Sea World

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    Christian Encila

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  • Dozens of ‘severely emaciated’ Shiba Inus rescued from breeder

    Dozens of ‘severely emaciated’ Shiba Inus rescued from breeder

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    More than three dozen Shiba Inus were rescued from a Missouri breeder in “one of the worst cases of animal neglect,” according to the Humane Society of Missouri (HSMO).

    Acting on a request from the Douglas County Sheriff’s Department last week, HSMO’s Animal Cruelty Task Force, one of the nation’s largest animal rescue and disaster-response teams, conducted a rescue of 43 “starving” dogs from the property of a former commercial breeder in Douglas County, Missouri, HSMO said in a statement on October 19.

    “The living animals were severely emaciated and suffering from various injuries and health conditions, and the remains of nine deceased dogs were also found on the property and recovered,” the humane society said.

    The Humane Society of Missouri rescued 43 “starving” Shiba Inu dogs and found nine dead canines at a former commercial breeder’s property in the Ozarks.
    Humane Society of Missouri

    The rescued dogs are all Shiba Inus of various ages and conditions and are receiving emergency veterinary treatment and health evaluations, HSMO said.

    HSMO President Kathy Warnick referred to the case as “a horrific and heart-wrenching rescue.”

    “The conditions at this property amount to one of the worst cases of animal neglect we’ve seen this year,” Warnick said in an online statement. “The caring citizen who tipped off the Douglas County Sheriff’s Department undoubtedly saved the lives of many of these innocent dogs and gave them a second chance at life.”

    The rescue took place after a warrant was served by the Douglas County Sheriff’s Department to seize the dogs and place the canines in the temporary care of HSMO. A disposition hearing to determine legal custody will take place on November 9 at the Douglas County Court in Ava, Missouri, the humane society said. Details about the dog breeder were not available, and it was unclear at the time of publication whether the breeder or property owner where the dogs were found will face charges.

    Newsweek reached out via email and Facebook on Sunday to the HSMO and Douglas County Sheriff’s Department for comment.

    After receiving the tip about dogs living in horrific conditions from the “caring citizen,” who sent photos of “sick and extremely emaciated dogs,” HSMO worked quickly to round up and remove all the animals from the property.

    At least one of the dogs photographed in the concerned citizen’s tip died by the time authorities arrived to rescue the Shiba Inus, according to the humane society.

    Veterinarians from the Missouri Department of Agriculture joined the Animal Cruelty Task Force to assist with the rescue and examine the condition of the dogs prior to transporting them to HSMO headquarters for specialized medical care.

    HSMO posted a video on Facebook showing some of the rescued Shiba Inus getting some much-needed cuddles.

    “These 43 Shiba Inus are receiving the veterinary care and love that they deserve,” the shelter said in the post.

    In another post, HSMO said the dogs still have a long road to recovery but are continuing to receive the love and care that they need.

    “We’ll do everything in our power to ensure these sweet animals receive the care they need to fully recover and find loving forever homes,” Warnick said.

    The American Kennel Club (AKC) says that the Shiba Inu breed, which originated in Japan and can be traced back to 300 B.C., is spirited and good-natured. The ancient breed is named after its history as a hunter in the rugged mountains of Japan, according to the AKC, which describes their appearance as “almost foxlike.”

    The dogs, which vary in price but can cost more than $3,000 for a purebred puppy, are also known to be inquisitive and playful, according to the AKC.

    To care for the 43 Shiba Inus until they’re ready for adoption, HSMO is also asking the public for assistance through donations of blankets, newspapers, dog toys, dog beds, or “anything else that can make these animals’ recovery more comfortable.”