| 
| Shiba Inu 
| #SHIB
|
| SHIB Price: | $0.0000146 | | Volume: | $1.3 B | | All Time High: | $0.0000888 | | Market Cap: | $8.6 B |
|
| Circulating Supply: | 589,324,455,525,927 |
| Exchanges: | 72
| | Total Supply: | 589,615,082,225,479 |
| Markets: | 111
| | Max Supply: | — |
| Pairs: | 58
|
|
The price of #SHIB today is $0.0000146 USD.
The lowest SHIB price for this period was $0, the highest was $0.0000146, and the exact current price of one SHIB crypto coin is $0.00001460.
The all-time high SHIB coin price was $0.0000888.
Use our custom price calculator to see the hypothetical price of SHIB with market cap of ETH and how the supply affects the price of SHIB at different market capitalizations. |
The code for Shiba Inu is #SHIB.
Shiba Inu is 2 years old. |
The current market capitalization for Shiba Inu is $8,606,350,974.
Shiba Inu is ranked #14 out of all coins, by market cap (and other factors). |
The trading volume is huge during the past 24 hours for #SHIB.
Today's 24-hour trading volume across all exchanges for Shiba Inu is $1,348,361,937. |
The circulating supply of SHIB is 589,324,455,525,927 coins, which is 100% of the total coin supply.
Shiba Inu has a relatively large supply of coins, 4,848,020 times larger than Ethereum's supply, as an example. |
SHIB is well integrated with many pairings with other cryptocurrencies and is listed on at least 72 crypto exchanges.
View #SHIB trading pairs and crypto exchanges that currently support #SHIB purchase. |
| Note that there are multiple coins that share the code #SHIB, and you can view them on our SHIB disambiguation page. |
BOHR: BSC contract
BOHR: BSC contract: 0x7be9E596896b64c88E39b7e88F8dceDDa79845C0
| 
We are all Ryoshi
Every Shibarmy is Ryoshi. It does not represent someone, but the glory of Shibarmy! END
| 
ryoshi
Ryoshi “I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards frens.”
|
|
 | Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High
Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Today’s surge saw prices climb by as much as 13%, and comes despite cryptocurrency markets mostly consolidating. Dogecoin also moved higher, breaking out of a recent ceiling in the process.Shiba inu (SHIB)
Shiba inu (SHIB) was one of the biggest movers in the market for a second consecutive session, with prices rising by as much as 13% higher today.
SHIB/USD rose to a high of$0.00001457 on Saturday, which was its strongest point since October 29.
The move comes following a low of $0.00001232 on Friday, and as bulls led a breakout of a price ceiling at $0.00001290.
Looking at the chart, the surge also led to a breakout of the relative strength index (RSI), which hit a 12-day high.
The index moved beyond a ceiling at 74.00 earlier in the day, and is currently tracking at a reading of 79.15.
This is close to a ceiling at 80.00, and has resulted in earlier bulls beginning to abandon previous positions.
Dogecoin (DOGE)
Dogecoin (DOGE) also surged in Saturday’s session, with prices breaking out of a key resistance level.
Following a low of $0.09107 on Friday, DOGE/USD raced to an intraday peak of $0.09489 to start the weekend.
As a result of this move, the meme coin once again moved above a ceiling at $0.0935 earlier in the day.
However, as the session progressed, momentum has since dropped, and this comes as the RSI collided with a hurdle.
The index ran into ...
|  | Shiba Inu Explodes 11%, Bitcoin Stalls at $23K (Weekend Watch)
Bitcoin was quite volatile after the US Federal Reserve announced the latest interest rate hike, which ultimately resulted in tapping a new 5-month high. Since then, though, the asset has calmed at around $23,000.
Several altcoins have outperformed it in the past 24 hours, including Shiba Inu, which has soared by double digits.
Bitcoin Drops Back Down to $23K
Despite losing some ground at the end of January, BTC still closed it well in the green, posting its best month since October 2021 with gains of roughly 40%. February started on a calmer note, with the cryptocurrency sitting below $23,000.
All eyes were on the Federal Reserve on February 1 when it concluded its first FOMC meeting of the year, increasing the key interest rates by 25 basis points. Bitcoin didn't react at first, unlike previous hikes, and just dipped to $22,800 later.
However, the bulls stepped up in the following hours and pushed the asset north hard, gaining over $1,500 at one point and registering its highest price tag since mid-August.
However, BTC failed to continue upwards despite another attempt to decisively overcome $24,000 and fell back down to around $23,000, where it's currently situated as well.
Its market cap is still around $450 billion, but its dominance over the alts is down by over 1% in the past week or so to 41.6%.
BTCUSD. Source: TradingView
SHIB Takes the Main Stage
Most altcoins have posted more impressive gains in the past 24 hours, led by Shiba Inu. The second-largest memecoin has s...
|  | Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Mark...
Shiba inu was one of Friday’s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today’s session, despite the global cryptocurrency market cap falling 1.28% at the time of writing. Polkadot was also higher, as it continued to trade above a key price ceiling.Shiba inu (SHIB)
Shiba inu (SHIB) was a notable mover on Friday, with prices remaining close to yesterday's three month high.
SHIB/USD rose to a high of $0.00001291 on Thursday, which was its strongest point since November, however fell lower, as bulls moved to take profits.
As traders abandoned their positions, SHIB fell to a low of $0.00001196 yesterday, however prices have since recovered, and are currently sitting at $0.00001251.
Looking at the chart, Thursday’s decline pushed SHIB towards a floor at 61.00 on the relative strength index (RSI), however bulls rejected a breakout.
As of writing this, the index is tracking at 69.41, which is marginally below a resistance point at 70.00.
In order for SHIB to recapture yesterday’s peak, this ceiling at 70.00 will first need to be broken.
Polkadot (DOT)
Polkadot (DOT) also maintained bullish momentum in today’s session, as the token continued to trade above a key resistance level.
After giving up a high of $6.84 on Thursday, DOT/USD dropped to a low of $6.53 later in the day.
The token has since rebounded, and as of writing this is currently trading at $6.79, which ...
|  | Shiba Inu's Price Surge Is In Jeopardy Due To This SHIB Whale
The upcoming launch of Shibarium is raising high hopes in the Shiba Inu community that the SHIB price will rise due to an expanded use case beyond a meme coin. However, a known SHIB whale could derail the hoped-for price rally.
As one of the industry-leading blockchain security companies PeckShield reported via Twitter today, bankrupt crypto lender Voyager has moved some of its crypto holdings. According to PeckShield, about $9.6 million of cryptocurrencies were transferred from Voyager to crypto exchanges Coinbase, Binance US, and Kraken.
Among them were around 4.9 million VGX ($2.1 million), 221,000 LINK ($1.5 million), 3,050 ETH ($3 million), and also 270 billion SHIB, equivalent to around $3 million. As the security company also informed, Voyager still holds 6.8 trillion SHIB, equivalent to around $82 million
This makes Voyager the 18th largest whale of Shiba Inu and a potential threat to the SHIB price if the tokens were to be sold at some point in the future. The reasons for the transfer were not known at press time.
Rumors are circulating on Twitter that Voyager may want to profit from the recent market rally and liquidate the altcoins to compensate its creditors. If this is true, SHIB could face a sell-off that could push the price down sharply.
Shiba Inu Price Remains Unaffected
Whether the rumors will actually come true remains to be seen. Binance.US agreed to buy a part of Voyager's assets in December after the deal between the company and FTX fell through.
H...
|  | Shiba Inu Observes Highest Rise In Burn Rate – Is This Normal?
SHIB token burn rates are seemingly rising on the Shiba Inu network. The current number of Shiba Inu burn trackers is quite surprising. However, data shows it is due to the degenerative performance of the SHIB burning machine.
On-chain data shows that the SHIB burn rate observed a massive 1682.07% increase over the past 24 hours. That is the highest percentage rise in the burn rate on the SHIB network in the past few months.
Why Is SHIB Burn Rate Increasing? In detail, the number of burnt tokens on the Shiba Inu network did not exceed 1 million SHIB on January 26. Yesterday's amount was one of the lowest numbers of assets developers has burned on the network. So, the seeming spike in burn rate could be due to a default in the SHIB burning machine yesterday.
According to analysts, this percentage spike wasn't triggered by increased network activity. Also, it didn't represent a large number of actually burnt tokens.
Token burns help to reduce the number of coins in circulation. It helps increase an asset's scarcity and possibly boost the token's price when increased supply pushes it down.
For instance, on January 17, the SHIB token burn surged by 613% within 24 hours, and the coin broke the bearish traders' expectations, rising above 20% on the day. However, a surge in price did not accompany the recent rise in the token burn rate.
Also, some SHIB whale activities indicate that top investors have lost faith in the meme coin as many whales keep moving chunks of Shiba ...
|  | Shiba Inu (SHIB) Price Could Face Make Or Break Moment
The Shiba Inu (SHIB) price could be facing a make-or-break moment in the coming weeks. While the launch of Shibarium is imminent according to the chief developer, the success of the layer-2 blockchain and the emerging ecosystem could determine how the SHIB price will perform.
Despite the 43% year-to-date (YTD) price increase, SHIB is still in bearish territory. Ultimately, SHIB needs another boost, whether from a macro perspective or from the successful launch of Shibarium, to return to the bullish ground.
The 1-day chart reveals that SHIB is still writing low highs on a daily basis since August last year. However, the year-to-date rally could be the start of a major move to the upside. For now, SHIB has seen a retest of the support zone at $0.000011, but could now push ahead with its rise. If not, there could be more downsides for SHIB.
At the moment, SHIB is seeing support from the 200-day EMA at $0.00001125. If the price manages to stay above this level, the first target could be the January 18 high of $0.00001292, in order to write a new local high.
After that, there would be a possibility of SHIB making a new attempt to break the high of $0.00001519 from October 29. Achieving success could mean a return to the bullish territory. However, the final, biggest hurdle, for now, will be the resistance zone between $0.00001691 and $0.00001799.
Shibarium And Whales In The Spotlight For Shiba Inu
A look at the fundamentals also reveals a make-or-break moment. With the much-hype...
|  | Shiba Inu Declines 6%, Gets Flipped By Litecoin In Market Cap Again
Shiba Inu has once again been flipped by Litecoin in terms of market cap as the meme coin has recorded losses of 6% in the past 24 hours.
Shiba Inu Is Down More Than 6% Today
The year 2023 so far has overall been a pleasant time for SHIB holders as the coin is up around 40% year-to-date. But in the past day, the market hasn't been so kind on the meme coin as its price has observed some significant decline.
At the time of writing, Shiba Inu is trading around $0.00001132, down 6% in the last 24 hours. Here is a chart that shows the trend in the price of the asset over the past month:
As can be seen in the above graph, Shiba Inu caught an upwards momentum in the first week of this month and continued to rapidly rise until forming a local top above the $0.00001270 level around a week ago. In the days that followed, however, the coin mostly displayed a sideways movement, until today came around and the asset plunged.
Over the last seven days, SHIB is now down around over 8%. For comparison, rival coin Dogecoin has only seen a decline of less than 2% in this period, while Bitcoin has observed decent profits of almost 7%.
One question arises here: why did Shiba Inu see such a drop? According to crypto whale tracker service WhaleStats, the DOGE-cousin coin has been the most traded token among the top 100 Ethereum whales today:
JUST IN: $SHIB @Shibtoken flipped $NMR for MOST TRADED token among top 100 #ETH whales
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $B...
|  | Shiba Inu Is The Most Popular Starter Crypto: Nansen
Shiba Inu was the most popular crypto in new wallets over the past week, an on-chain analytics firm recently found. Banking was a boring subject for the Baby Boomer generation, but in the Internet of programmable money, finance is fun.
If asked to guess what they thought was the most popular first coin for new crypto adopters over the past week, many people would probably guess Bitcoin. But that doesn't seem to be the case. Neither is it the number two crypto by market cap, the peer-to-peer network computer, Ethereum (ETH).
Shiba Inu Is Currently Cryptocurrency's Most Popular Starter Coin
On-chain data discovered by Nansen reveals the most popular non-stable coin digital asset for newly funded crypto wallets over the past seven days was Shiba Inu.
Over that period, Nansen clocked over $56 million in SHIB tokens flow into some 12,000 new wallets. The ERC-20 token was the most common crypto other than stablecoins to appear in these balances, according to Nansen.
Shiba Inu went through a slight correction, in line with the rest of the market.
The pullback coincided with stock prices edging lower after running higher in January. Analysts and commentators widely pointed to disappointed economic data and more hawkish interest rate talk from the Fed as the reason for the rout.
SHIB Token Enthusiasts Eagerly Await 'Shibarium'
Wrapped Ether on Uniswap and ShibaSwap is the most dominant trading pair partner for SHIB by volume. But Binance holds the most Shiba Inu in SHIB balances.
Ther...
|  | Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US Pr...
'The Price of Tomorrow' author Jeff Booth has warned of a 'great depression on steroids' if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu. In other news, former FTX US president Brett Harrison has explained why he left the company and his relationship with co-founder Sam Bankman-Fried (SBF), of FTX infamy. All this and more just below.
Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates
The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes that eventually the Fed “will be forced to pivot.”
Read More
Former President of FTX US Shares His Experience and Relationship With CEO Sam Bankman-Fried in Detailed Twitter Thread
The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for Citadel Securities. In the Twitter thread, the former president of the U.S. subsidiary explained that his “relationship with Sam Bankman-Fried and his deputies had reached a point of total deterioration, after ...
|  | Shiba Inu Shows Aggressiveness With 20% Jump In The Weekly Charts
The altcoin market has been following the major cryptocurrencies in their recent rally. Shiba Inu (SHIB) is one of those tokens that maintained a solid performance in the last week.
According to CoinGecko, SHIB is up 19.5% in the weekly timeframe and over 47% in the monthly at the time of writing. This strong growth is fueled by external factors along with the nearing launch of Shibarium, the ecosystem’s upgrade that would bring a list of features for the ShibArmy.
Who Let The Dogs Out?
Shytoshi Kusama, the pseudonymous chief developer of the Shiba Inu meme coin, has been constantly teasing the release of Shibarium since the start of the year. The nearing launch of the upgrade led the price to climb.
As the Shiba Inu community excitedly anticipates the beta release of Shibarium, Kusama is promoting the notion that the release of the Layer 2 scaling solution may be closer than previously believed.
The primary developer for SHIB tweeted a link to the official Shibarium Telegram handle and instructed fellow SHIB developer Trophias to 'open the chat.'
The Shibarium upgrade would leverage the Ethereum network’s security while scaling Shiba Inu’s ability to handle transactions. This would lower fees significantly while making the network faster and more efficient.
It would also offer utility as the upgrade would mean more SHIB tokens burnt. As of January 21st, the total burned SHIB is over 410 trillion, according to SHIB burn tracker, Tra...
|  | Shiba Inu (SHIB) Is Up 4% As Lead Dev Teases Exact Beta Launch Date
The second most popular meme coin on the crypto market, Shiba Inu (SHIB), is about to launch its eagerly awaited layer 2 scaling solution Shibarium.
While lead developer Shytoshi Kusama has repeatedly said in recent weeks that the launch date is not yet set but will be 'soon,' he may now have leaked the beta launch date himself wrapped in a word puzzle. He revealed the decisive hint in his Twitter bio, where he writes:
Tending the Pine Tree of Life. Quickly learning to play the flute before putting Shibarium in a heart shaped box with a bow.
For the Shiba Inu community, this is an unmistakable clue that the beta version of Shibarium will be released on Valentine's Day, February 14.
Already on January 15, Kusama had posted a prelude to his announcement, where he mysteriously stated:
During fall the tree may have only a few leaves, but then spring appears.
Luckily, Shibarium, in this context, is a Pine Tree. Still, it needs water, sunlight and proper soil. But pines survive and thrive during the harshest winters. (I also hear the needle tea is good for you.)
Shiba Inu (SHIB) Price Reacts By Moving Up 4%
Shiba Inu (SHIB) has risen almost 4% in the last 24 hours and 21% within the last week, with the price currently standing at $0.00001249. Trading volume was around $305 million within the last 24 hours, representing a -55% decrease against the previous time period.
Year-to-date (YTD), SHIB is up about 43% at the current price, the highest level since early November 2022.
This r...
|  | Biggest Movers: Meme Coins Move Lower, With SHIB Declining by 10%
Meme coins moved lower on Jan. 19, as cryptocurrency markets plunged following recent highs. Shiba inu, which rose to a nine-week high on Wednesday, fell by nearly 10% today. Markets have been largely overbought in the past few days, with bears seemingly reentering. Dogecoin was also in the red today.Shiba Inu (SHIB)
Shiba inu (SHIB), which was one of Wednesday’s biggest gainers, climbing by as much as 17%, fell by over 10% today.
Following a high of $0.00001295 in yesterday’s session, SHIB/USD dropped to an intraday low of $0.00001097 earlier today.
Thursday’s drop came as the meme coin was unable to cross a long-term resistance level at $0.00001300.
Despite the relatively large drop in price, the 14-day relative strength index (RSI) is still deeply overbought.
As of writing, the index is tracking at a level of 80.22, which is close to a ceiling at the 82.00 mark.
SHIB has somewhat rebounded from earlier declines, and is currently trading at $0.00001114.
Dogecoin (DOGE)
Like Shiba inu, Dogecoin (DOGE) also declined on Thursday, with prices falling for a fifth straight day.
Since rising to a one-month high on Saturday, the meme coin has moved lower in consecutive sessions.
Today’s low saw DOGE/USD slip to a bottom of $0.08013, which is nearly 8% lower than Wednesday’s peak.
Looking at the chart, the drop saw DOGE near a key support point at $0.08000, with bulls so far resisting a breakout.
Recent decline has pushed price strength significantly...
|  | Biggest Movers: SHIB Surges to Fresh 2-Month High on Wednesday
Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today’s session, as the global cryptocurrency market cap also trended higher. Polkadot was once again in the green, with the token hovering close to a two-month high of its own. Shiba Inu (SHIB)
Shiba inu (SHIB) rallied on Wednesday, as the meme coin surged to a two-month high, following declines on Tuesday.
Following a low of $0.00001053, SHIB/USD raced to an intraday peak of $0.00001289 earlier in today’s session.
Today’s move saw shiba inu climb to its strongest point since early November, when prices last collided with a ceiling at the $0.00001290 level.
Looking at the chart, the move came as the 14-day relative strength index (RSI) rebounded from a support point at 76.00.
As of writing, the index is tracking at a level of 80.31, which is deep in overbought territory.
Earlier gains have also been wiped out, and the meme coin is currently trading at $0.0000124.
Polkadot (DOT)
Polkadot (DOT) continued to trade near a two-month high, as the token remained near a key resistance level.
DOT/USD jumped to a high of $6.19 earlier in the day, before selling off following the release of U.S. retail sales figures.
Sales in the world’s largest economy fell by 1.1% in December, more than the decline of 0.8% many had expected.
As a result of the news, earlier gains have now been erased, with the price currently trading at $...
|  | This Australian Crypto Exchange Lists LUNC, SHIB, And APE Coin
Shiba Inu (SHIB), ApeCoin (APE), and LUNC gained new support in January as Australian crypto exchange Cointree lists them on its platform. Cointree announced the news via Twitter recently.
Cointree is among the oldest crypto exchanges in Australia, based in Melbourne. It began operation in 2013 and offers over 280 cryptocurrencies on its platform, including the latest additions (APE, LUNC, and SHIB). In 2017, the exchange launched a learning hub that teaches and guides crypto enthusiasts on basic cryptocurrency subjects.
This development is not SHIB’s first Australian recognition. Earlier in December 2021, CoinJar, Australia's oldest crypto exchange, announced the listing of Shiba Inu on its platform via Twitter. CoinJar also added six other cryptocurrencies, which include Cartesi (CTSI), Fetch.ai (FET), Origin Protocol (OGN), Audius (AUDIO), OXT, and Quant Network (QNT).
Performance Outlook For SHIB, LUNC, And APE Coin
Shiba Inu's (SHIB) price has significantly increased in the past 24 hours and is trading at $0.0001239. SHIB is among the coins to see massive rallies this month. The crypto asset has added 21.8% over the past seven days and 28% in the last 14 days.
LUNC, a token that emerged after the rebranding of the original Terra chain to Terra Classic, is soaring after a decline on the 24-hour chart. LUNC’s price soared 3% on January 10 after announcing new integration on the network. The token has added 11.4% over the past 14 days and a 23.8% 30-day price g...
|  | SHIB Skyrockets 34% Weekly, Here's the Next Target (Shiba Inu Price Anal...
Shiba Inu had a fantastic week so far, managing to book a double-digit price increase.
Key Support levels: $0.000010Key Resistance levels: $0.000014
After a successful breakout above $0.000010, SHIB quickly turned this level into support and then rallied hard. Only today, the price increased by 17%, placing Shiba Inu in the top-performing cryptocurrencies. Buyers are in full control of the price action, but they are quickly approaching the key resistance at $0.000014.
Chart by TradingView
Trading Volume: The buying volume today was strong. The last time buyers were so aggressive was October 2022.
RSI: The daily RSI is already in the overbought territory at 86 points. This signals a strong bullish trend, but buyers need to be weary that sellers may decide to return in force at the key resistance.
MACD: The daily MACD is bullish, with expanding moving averages and histogram.
Chart by TradingView
Bias
The bias for SHIB is bullish.
Short-Term Prediction for SHIB Price
At this rate, Shiba Inu seems likely to soon reach the resistance at $0.000014. The last time the price approached this level was October 2022, and the bears rejected it.
The post SHIB Skyrockets 34% Weekly, Here's the Next Target (Shiba Inu Price Analysis) appeared first on CryptoPotato.
| | Market Watch: Shiba Inu Skyrockets 16%, Bitcoin Tapped 3-Month High
Bitcoin continued to climb higher in the past 24 hours, reaching its highest price tag since early September.
Most altcoins are also slightly in the green, with ETH nearing $1,600. Shiba Inu, though, is on another level following a 16% daily surge.
Bitcoin Touched $21.5K
It's safe to say that the start of 2023 has been quite positive for the primary cryptocurrency. After a quiet first few days, it finally broke above $17,000 last Monday and hasn't looked back since.
Just the opposite, it began to overcome round-numbered milestones in the following days, culminating in a surge beyond $21,000 on Saturday and hundreds of millions of dollars worth of liquidations.
Sunday was calmer, as usual, and so were the next few days. Nevertheless, bitcoin maintained above $20,000 and had frequent jumps to $21,000.
The past 24 hours brought one more minor price increase that pushed the cryptocurrency to just under $21,600 (on Bitstamp). This became the asset's highest price tag since September 12.
Despite losing some ground in the following few hours, BTC's market cap is still close to $410 billion, and its dominance over the alts stands firm above 41%.
BTCUSD. Source: TradingView
SHIB Soars
Most altcoins have been on a roll as well since the start of the year, and the past 24 hours have delivered minor increases as well.
Ethereum stands close to $1,600 after a 1% price jump on a daily scale. It's worth noting that the second-largest cryptocurrency traded below $1,200 up until just a few wee...
|  | Shiba Inu Price Jumps By 21%, Here's Why
While the broader crypto market has been trending sideways in the past 24 hours following its stellar rally over the past two weeks, Shiba Inu (SHIB) is bucking the trend, posting a whopping 21% price. The trading volume of the meme coin has exploded by 150% to $810 million within the last 24 hours.
A look at the 1-day chart reveals that the Shiba Inu price approached the lower end of the key resistance zone at $0.000013, but was rejected initially. At press time, SHIB was trading at $0.00001254, reaching the early November highs.
To trigger a sustained bullish breakout on the daily chart, SHIB needs to break above the $0.000014 level. For now, however, a corrective move - either by time or price - seems more likely as the RSI is in overbought territory at 86.7.
The 1-week chart shows that SHIB managed to break out of a one-year downtrend when the price broke the falling trendline to the upside last week. With the setup in the daily chart, a retest of this trendline might be possible to build further bullish momentum afterward.
Reasons For The Shiba Inu Price Rally
The jump in the price of Shiba Inu (SHIB) comes after Korean crypto exchange UpBit announced that it has listed the popular meme token. According to the announcement, South Koreans can now buy Shiba Inu directly with the Korean won.
Upbit was the 22nd largest crypto exchange by spot trading volume within the last 24 hours. Also yesterday, SHIB was also listed on Cointree, an exchange that is even smaller by tradi...
|  | What's Next For Shiba Inu As Price Remains Stuck Below $0.000011?
Shiba Inu has substantially recovered over the last week; it surged over 20% in the same timeframe. Over the last 24 hours, SHIB has appreciated by 2.9%, but despite the rise in value, the coin has remained stuck below the $0.000011 mark.
The coin broke above its stern resistance mark of $0.000010, which had not been breached for the past two months. The technical outlook of the coin still depicts bullishness on the chart for SHIB. Shiba Inu was overvalued at the time of writing, and if a coin is overbought, there are chances of a price correction.
This could be true if the coin does not break past the $0.000011 level. Currently, SHIB is trading 87% below its all-time high of 2021.
Shiba Inu Price Analysis: One-Day Chart
SHIB was exchanging hands at $0.0000106 at the time of writing. The altcoin moved outside the ascending parallel line and experienced resistance at $0.000011. Overhead resistance for Shiba Inu was at $0.0000108; a move above that level can push SHIB to breach the $0.000011 mark.
The $0.0000112 mark has previously acted as a strong resistance for the coin. If the coin fails to move above the resistance line, it could fall to $0.0000100 and then to $0.0000097 before rising again.
This could also present a shorting opportunity to the traders. The amount of SHIB traded in the last session was green depicting bullish momentum.
Technical Analysis
SHIB has managed to secure a multi-month high regarding demand. The Relative Strength Index was at 80, which meant tha...
|  | Shiba Inu Devs Set To Unveil Shibarium L2 Network Beta
The beta testnet of Shibarium will soon release, benefiting the entire Shiba Inu community. Shibarium is a layer-2 network operable on the Ethereum mainnet. After the release of Shibarium, the Shina Inu community can build and grow projects. The release of Shibarium will address the scalability, speed, and expense challenges facing the existing projects on Ethereum.
Shiba Inu Shibarium Beta Testnet Release
Shiba Inu developers will only release a beta testnet version in the coming months. A testnet mimics the use cases and applications of real-world functions. Its release aims to test the network for any gaps or performance issues and assess its capabilities. Moreover, the layer two testnet aims to address the issues faced with scalability and data.
With this release, Shiba Inu developers wish to educate the community about a blockchain’s development process from scratch. Before its release, some experts claimed Shibarium was a marketing move and a price 'increase gimmick.' But the development team refutes such claims.
After its release, Shibarium is also expected to improve the platform’s transaction speed and lower its costs. The users will be able to interact with a metaverse solution, DEX, and several blockchain games.
The ultimate goal of Shibrium is to facilitate a solution that leads to innovation and improves the DeFi security aspects of the project. Today, Shiba Inu has over a $5 billion market cap, collectively obtained by SHIB,...
|  | SHIB Token Sees Rise Ahead of Shibarium Beta Launch
The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin's supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, 'Shibarium beta,' is about to be launched on top of the Ethereum blockchain to provide better scalability, faster transaction times, and lower fees.SHIB Token Market Reacts Positively to Upcoming Shibarium Launch
The shiba inu (SHIB) meme token community, also known as the 'SHIB Army,' has been growing excited about the launch of Shibarium, a new layer two scaling solution crafted for the SHIB crypto ecosystem. Hints about Shibarium's launch started last year as it was originally supposed to launch in the third quarter of 2022. In mid-Dec. 2022, SHIB community members hinted that the project's launch was getting closer by the day. On Jan. 15, 2023, the SHIB team published a blog post called 'Introduction to Shibarium: Shiba Inu's Layer 2 Network.'
The blog post insists 'Shibarium beta is about to be launched' and describes what people can expect from the launch. The team stresses Shibarium will be a phased release. The project's native token, called BONE, will be leveraged to 'pay for gas transactions and reward validators and delegators within the Shibarium protocol.' The team also mentions that while there is a supply of 250 million BONE, '20 million have been reserved to reward validators and delegators in the coming years....
|  | Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market ...
Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday. Solana (SOL)
Solana (SOL) remained near a two-month high to start the week, despite crypto markets beginning to consolidate recent gains.
SOL/USD hit an intraday high of $24.75 on Monday, which comes less than a day after falling to a bottom of $22.68.
This move means that the token remains close to this weekend’s high of $25.03, which was the strongest point for SOL since November 8.
From the chart, it appears as sentiment in solana is still somewhat bullish, which comes as the 14-day relative strength index (RSI) continued to track above a support point at 80.00.
As of writing, the index is tracking at 80.18, with solana trading at the $23.42 price point.
Should the index remain about 80.00 in the coming days, it is likely that SOL could once again move toward $25.00.
Shiba Inu (SHIB)
Like SOL, shiba inu (SHIB) bypassed today’s price consolidation, maintaining recent highs in the process.
Following a low of $0.00001009 on Sunday, SHIB/USD climbed to a peak of $0.00001099 earlier today.
Monday’s action has seen the meme coin continue to trade near the two-month high of $0.00001111, hit last Friday.
Like many cryptocurrencies last week, prices of shiba inu were mostly overbou...
|  | SHIB Soars to 2-Month High on Shibarium Launch Update
With the crypto markets seemingly on track to recovery, the Shiba team decided to announce what the Shibarium Network has in store.
Although the team did not state an exact date for the release of Shibarium’s Beta – and made it clear that they would not be dropping hints when it will be – they did state that the launch is just around the corner.
Lower GAS Fees Are a Priority
First and foremost among the features promised for Shibarium are lower gas fees. As a scaling solution built on the Ethereum blockchain, the Shibarium network aims to spare users of SHIB, BONE, and LEASH tokens from the high gas fees that can occur when the network gets congested.
Additionally, the team hinted at the possibility of going off-chain for more private transactions – which could be an asset or a liability to the network, depending on how you see the situation – as this capability could attract either benign privacy coin fans or cybercriminals, which the crypto space, unfortunately, has no shortage of.
“This layer aims, as a protocol, to work on top of existing blockchain networks, allowing for faster, cheaper, and more private transactions to be processed off-chain, while still relying on the security of the underlying blockchain.”
BONEs for All
The token chosen to power transactions on the Shibarium network is BONE, which will be the native asset for paying gas fees on the upcoming project. The token has a total supply of 250 million, out of which 20 ...
|  | Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse
As the dog-themed crypto asset gets ready to launch its new metaverse, a crypto whale is suddenly transferring trillions of Shiba Inu (SHIB) tokens.
According to a tweet by Whale Alert, a platform for tracking whales said that a huge number of SHIB tokens (3,323,256,285,484) worth almost $30.48 million were moved from one unknown wallet to another.
3,323,256,285,484 #SHIB (30,458,751 USD) transferred from unknown wallet to unknown wallethttps://t.co/f12FEIOwzC
— Whale Alert (@whale_alert) January 12, 2023
Metaverse Launch
The addresses used in the transactions aren't associated with cryptocurrency markets, so it's unlikely that the action has anything to do with buying or selling the trending meme coin.
The Shiba Inu team has recently made several announcements, and this massive transfer of SHIB tokens has occurred in the midst of this. First, Shiba Inu's developers said they want to unveil their new metaverse at the South by Southwest (SXSW) festival 2023 in Austin, Texas.
A virtual reality (VR) tour of the WAGMI Temple, one of 11 locations in Shiba Inu's metaverse showcasing the Dogecoin (DOGE) competition, will be featured in the exhibition.
Expanding The Scope Of Shiba Inu
For the Ethereum-based Shiba Token Decentralized Community Project, millions of devoted SHIB supporters have organized themselves into a movement they call the #ShibArmy. As a result, the cryptocurrency is consistently placed in the top 15 by market cap. According To Shiba Inu Eco...
|  | Biggest Movers: SHIB Hits 6-Week High, Whilst SOL Extends Recent Gains
Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes as cryptocurrency markets were significantly bullish to start the weekend, with the global market cap 8.28% higher as of writing. Shiba inu was trading at its strongest point since November.Solana (SOL)
Solana (SOL) was easily one of the biggest movers to start the weekend, with prices skyrocketing by as much as 30%.
Following a low of $16.52 yesterday, SOL/USD surged to an intraday high of $22.37 earlier today.
As a result of today’s rally the token hit its strongest point since November 9, when price was at a top of $24.60.
From the chart, the move commenced after yet another burst beyond a resistance point on the 14-day relative strength (RSI).
On this occasion, the index moved above a ceiling at the 80.00 level, and is now tracking at 85.44.
Although solana bulls will have their eyes set on $25.00, there could be a cooling off of the earlier rally as the day matures.
Shiba Inu (SHIB)
Shiba inu (SHIB) was once again a notable gainer in crypto markets, as the meme coin rose by over 10% today.
SHIB/USD hit a peak of $0.00001081 to start the weekend, after ending the working week at a low of $0.000009462.
Like with solana above, this resulted in prices climbing to their highest level since early November.
Overall, shiba inu has now risen for a third consecutive session, and is up 24% in the last seven days.
Earlier gains have already begun to show signs of eas...
|  | Biggest Movers: SHIB Surges to 5-Week High, APE up for Fifth Straight Da...
Shiba inu moved to a five-week high during Tuesday’s session, despite cryptocurrency markets mostly consolidating. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today’s session, as it rose to its strongest point since November.Shiba Inu (SHIB)
Shiba inu (SHIB) was one of Tuesday’s notable gainers, as prices of the token rose for a sixth straight session.
SHIB/USD surged to an high of $0.000009593 earlier in the day, which comes less than 24 hours after trading at a low of $0.000008603.
As a result of this latest surge in price, shiba inu climbed to its highest point since December 5.
From the chart, it appears as though today’s rally came following an upwards crossover of the 10-day (red) and 25-day (blue) moving averages.
In addition to this, the 14-day relative strength index (RSI) has risen above a recent ceiling at 65.50.
Currently, the index is tracking at 67.50, with the next visible ceiling at the 73.00 zone.
Apecoin (APE)
Apecoin (APE) was another big mover in today’s session, extending recent gains to a fifth consecutive day.
Following a low of $4.50 to start the week, APE/USD raced to an intraday peak of $4.98 earlier in the day.
The move pushed apecoin to its highest level since November 5, and came following a breakout of a price ceiling at $4.60.
As a result of today’s surge, the RSI on the APE chart is now at its strongest point on record...
|  | Shiba Inu Bullish Signal: Whale Withdraws $34.7M In SHIB From Binance
Data shows a Shiba Inu whale has withdrawn $34.7 million in SHIB from Binance, a sign that could be bullish for the price of the meme coin.
Shiba Inu Whale Transfers Out 4,000,000,000,000 SHIB From Binance
As per data from the crypto transaction tracker service Whale Alert, a massive Shiba Inu transfer has taken place during the past day. This transaction involved the movement of 4,000,000,000,000 SHIB on the Ethereum blockchain, worth about $34.7 million at the time of the transfer.
Since the transaction here is so large, it's likely that the entity behind it was a whale. Sometimes, movements from this cohort can have visible impacts on the market due to the sheer scale involved in them. But how the price would respond to their moves depends on what their intention was with the transfer in question.
Here are some additional details surrounding this Shiba Inu whale transaction that may help form a more complete picture regarding the intent behind it:
As you can see above, the sending address for this transfer was a wallet affiliated with the crypto exchange Binance, while the destination of these coins was a wallet attached to the SHIB Staking service. Staking is a process that involves investors locking a number of tokens into a contract for some duration of time and earning some rewards for it in return.
Since the Shiba Inu whale moved this massive stack from an exchange (which investors keep coins on to prepare for dumping) to this staking contract, it's likely that thi...
|  | Shiba Inu Burn Rate Surges Over 1,300% In 24 Hours
The Shiba Inu (SHIB) token is one of the prominent meme tokens in the crypto market today, having a community of over 3.6 million followers. Liked by many and aiming to be more than just a meme token, the SHIB army committed to a burn mechanism in which they’d have to burn some SHIB tokens to reduce its massive supply.
The latest burn, which happened earlier today, is massive compared to the recent SHIB burns. According to data from the SHIB burn tracking site, Shibburn.com, a total of 37,400,646 SHIB have been burned in the last 24 hours, accounting for a surge in burn rate of 1,395.89%.
The More SHIB Burned, The Higher The Token’s Value? The SHIB token burn has been a thing that has been going on for a while now, and though every burn doesn’t result in a spike in SHIB’s price, with some burns comes a price movement.
This latest burn resulted in an upside in SHIB of nearly 5%. The price of SHIB between the happening of the SHIB burn had some notable gaps. SHIB was trading at a price of $0.00000832 before the burn and then spiked to nearly 0.00000900 after the burn.
Though the total SHIB burned today wasn't anywhere near the figure burned at the end of last year and the beginning of this year, it is still a notable spike from the total of 2.5 million SHIB burned the day before. The previous burn didn’t result in any significant price movement on the SHIB price chart.
Overall, with more SHIB burned over time and more deman...
|  | Shibarium Developers Say Each On-Chain Transaction Will Burn SHIB Tokens
Shibarium is one of the most anticipated projects, mainly in the Shiba Inu community; most SHIB community members are eager for the launch as it could be enough of a catalyst to pump their SHIB bags.
Latest on the news about the layer two blockchain scaling solution, the developers announced via a short thread on Twitter earlier today that every transaction on the Shibarium network would result in a burn of Shiba Inu (SHIB) token.
Shibarium Burn Mechanism To Boost SHIB Price Over Time? Currently, SHIB has a circulating supply of 589 trillion units and a total supply that exceeds 900 trillion. Its initial total supply was reduced with a recent burn and with the soon-to-be-introduced burning mechanism by Shibarium, SHIB's price is likely to appreciate as the supply will be reduced.
Though the amount of SHIB token that will be burned after each transaction has not been revealed, the burning mechanism is likely to be a good enough catalyst for not only the SHIB token but the Shibarium blockchain.
Recent Update Reflects On BONE Token
In its previous update, the Shibarium team cleared some false circulating speculations about the blockchain and what native token it will utilize. Shibarium developers noted that BONE will be the only token that would be used for gas fees and “No other tokens will be necessary to operate within the protocol.”
For context, BONE is a governance token of the Shibaswap ecosystem, allowing the SHIB community to vote on upcoming pro...
|  | Biggest Movers: DOGE, SHIB Surge to Multi-Week Highs on Thursday
Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The coin climbed for a second straight session on Thursday, which comes ahead of Friday’s U.S. nonfarm payrolls numbers. Shiba inu was also in the green, after today’s gains.Dogecoin (DOGE)
Dogecoin (DOGE) rose for a second straight session on Thursday, as the meme coin moved away from a recent spell of consolidation.
Following a low of $0.07181 on Wednesday, DOGE/USD climbed to an intraday peak of $0.07503 earlier today.
The move took the token to its highest point since December 27, when price was in the midst of a prolonged sell-off.
Since then dogecoin bulls seemed to have returned to action, which coincides with traders finally returning from recent Christmas and New Year’s celebrations.
As can be seen from the chart, the rise in price also comes as the 14-day relative strength index (RSI) has marginally broken out of a key resistance zone.
The index is currently tracking at 42.81, which is slightly above a ceiling of 42.00
Shiba Inu (SHIB)
Another notable gainer on Thursday was fellow meme coin shiba inu (SHIB), which also rose for a back-to-back session.
SHIB/USD surged to a peak of $0.000008531 earlier today, after falling to a bottom at $0.000008171 on Wednesday.
Thursday’s spike in price sent shiba inu to its strongest point since December 18, prior to the holiday season consolidation.
Looking at the chart, today’s move al...
|  | Shiba Inu Formed This Pattern, Breakout Incoming?
The Shiba Inu price has moved south on its chart over the last 24 hours. In the same time frame, SHIB depreciated by 3%. In the past week, the meme coin also did not register gains, losing a few support lines after losing close to 6% of its market value.
SHIB has now formed a pattern that indicates that the coin might witness a breakout to the upside in the coming 24 hours. The technical outlook still displays bearish signs on the daily chart. Sellers have remained in control of the price for most of this month.
Buyers still have to come to the rescue for SHIB to follow through with an upside breakout. According to the technicals, the coin might fall on its chart over the immediate trading sessions and then move to the upside.
The trading volume of SHIB declined, which supports the notion that buyers have remained low in the market. At the moment, SHIB is trading 90% below its all-time high, which the coin secured almost one year ago.
Shiba Inu Price Analysis: One-Day Chart
SHIB was exchanging hands at $0.0000080 at the time of writing. Over the past week, the Shiba Inu price fell from the $0.0000082 support line. Shiba Inu is expected to fall below the $0.0000080 level as buying strength remains low.
It has formed a symmetrical triangle pattern which re-affirms that the coin could witness a rally due to a breakout. The first local support stood at $0.0000076, after which the meme coin is expected to break out.
The breakout will cause the Shiba Inu price to rally to $0.0000...
|
More Shiba Inu (#SHIB) News
|
|
|
Crypto Coin Prices and News 