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Burns have been an essential part of the Shiba Inu [SHIB] ecosystem. The network has been sending tokens into dead wallets for the longest time. This is done to reduce the circulating supply and boost the price of the meme coin. With its current circulating supply at 589,270,536,354,484 SHIB, the network has a lot of assets to eliminate. But the question is how will Shiba Inu carry out large-scale burns? The marketing lead for the Shiba Inu ecosystem, Lucie, highlighted in a recent update that the extensive playtime of Shiba Eternity will contribute to an increased number of SHIB burns. She predicted that when more individuals played the Web3 version of Shiba Eternity, the number of Shibarium transactions would increase. The more people play Shiba Eternity , the more transactions will happen on #Shibarium , the more $BONE will be used , the more $SHIB will be burned , and the greater the demand for Shiboshis will be . THIS IS CALLED AN ECOSYSTEM pic.twitter.com/yIxwz3fV1Z — 𝐋𝐔?...

Shiba Inu [SHIB] has continued to remain the world’s second-largest meme coin by market capitalization. The asset has shown impressive resilience and potential for future growth. In the last 24 hours, SHIB surged by 5.75%, fueled by speculation surrounding the potential approval of the first spot Ethereum ETF. This rally propelled SHIB’s value above the $0.000025 threshold. Despite being down 6% over the past 30 days, SHIB has rallied over 5% in the past two weeks, prompting questions about its future price trajectory. Source As of press time, SHIB was valued at $0.00002642, marking a notable 10% daily surge. This upward momentum has sparked renewed interest and speculation within the crypto community regarding SHIB’s long-term prospects. Market Analysis and predictions by Telegaon, a well-regarded source of market insights, have added fuel to this speculation. They have been projecting that Shiba Inn could reach a price of $0.035 or 3.5 cents, by 2040. Also R...

The cryptocurrency market remains a source of fascination for investors worldwide, with flagship assets like Bitcoin and Ethereum consistently in the spotlight. However, amid the multitude of digital currencies available, Shiba Inu (SHIB) has emerged as a particularly intriguing option, boasting impressive gains in recent periods. Recent data indicates a significant surge in Shiba Inu’s value, with its price rising by 7% over 24 hours. However, it comes with an astonishing 20% increase over the past week. Currently valued at $0.00002963, SHIB’s performance has ignited widespread interest and speculation among investors and analysts alike. Source The rise of Shibarium, a blockchain ecosystem tailored specifically for Shiba Inu, has played a significant role in bolstering the asset’s positive momentum. Additionally, the notable uptick in SHIB’s daily transaction volume underscores the growing demand and enthusiasm surrounding this decentralized finance (DeFi) ...

Shiba Inu (SHIB) has finally deleted a zero from its price, which it gained in December last year. The asset has seen a significant price spike over the previous week. SHIB has rallied by nearly 6% in the daily charts, 14.6% in the weekly charts, and 21.4% over the last month. Source: CoinGecko Also Read: PEPE Surges 50%: Outshines Dogecoin (DOGE) and Shiba Inu (SHIB) With SHIB trading at $0.000010, investors can purchase one million tokens for just $10. In other words, you can become a SHIB millionaire for as little as $10. When will Shiba Inu (SHIB) reclaim its all-time high? Despite the recent rally, Shiba Inu (SHIB) has still down by nearly 12% since February 2023. Moreover, the asset’s price has fallen by over 87% from its all-time high of $0.00008616, which it attained in October 2021. If SHIB reclaims its 2021 peak, one million SHIB tokens would be worth around $86, with a profit of about $76. According to Changelly, SHIB may reclaim its all-time high in 2029,...

In the current landscape dominated by the ascent of exchange-traded funds (ETFs), the cryptocurrency realm is witnessing yet another pioneering proposal. With the recent groundbreaking approval of spot Bitcoin ETFs in the United States, the Shib Army has embarked on a mission to champion the establishment of an ETF dedicated to Shiba Inu (SHIB). This endeavor represents a significant leap forward for the meme coin. Under the leadership of Lucie, a marketing specialist within the network, the Shib Army has initiated a petition urging Grayscale Investments to explore the creation of a SHIB ETF. This proactive stance underscores the growing acknowledgment of Shiba Inu as a prominent contender in the cryptocurrency landscape. It even mirrors the community’s aspiration to broaden access to SHIB investments. Petition · Proposal for an Shiba Inu (SHIB) ETF by Grayscale Investments https://t.co/Wq0xJLx2Zz — 𝐋𝐔𝐂𝐈𝐄 | SHIB....

Bitcoin’s resurgence above the $50,000 threshold has reverberated across the cryptocurrency sphere, fueled by optimism stemming from potential interest rate adjustments and recent regulatory greenlights for US-based exchange-traded funds (ETFs). Within this bullish atmosphere, meme coins have once again taken center stage, showcasing their resilience and magnetizing investor attention. Dogecoin [DOGE] As the OG meme coin, Dogecoin has steadfastly maintained its position, witnessing a daily surge of 2.40%. Currently priced at $0.08234, DOGE has rebounded significantly from recent downturns, solidifying its status as a beloved fixture within the crypto community. Source Also Read: Shiba Inu in 2050: Cryptocurrency of the Future or Passing Fad? Shiba Inu [SHIB] Another prominent player in the meme coin realm, Shiba Inu, has commanded considerable interest since its inception. Despite being initially hailed as a potential “DOGE Killer,” SHIB continues its p...

Shiba Inu (SHIB) is not only one of the most popular cryptocurrencies but one with some of the highest returns, given an investor got into it in its early days. Many early investors of SHIB have reaped millions in profit and, in some cases, even billions. If you invested $10 weekly into SHIB from August 2020 till the token reached its all-time high on Oct. 28, 2021, you would have put in $490. However, the portfolio’s value would have skyrocketed to about $3.15 million, a growth of 643,527%. Source: CryptoDCA Furthermore, if you had continued to invest $10 weekly into Shiba Inu (SHIB) till today, you would have put in $1,570 till now. The value of the investment would have surged to around $768,065, with a growth of 48,821%. Also Read: 3 Cryptocurrencies Under $0.1 That Can Rally Like Shiba Inu Source: CryptoDCA Either way, being an early investor in SHIB would have reaped profits by many multiples. Can you still become a millionaire with Shiba Inu (SHIB)? M...

In a promising development for the meme coin, Shiba Inu (SHIB) has seen a 551 trading volume increase as whales are seeking to take out a zero from its price. Specifically, IntoTheBlock data shows that large transactions have jumped with more than 5.9 trillion SHIB on the move. These large-scale transactions are indicatives of transfers with a value of more than $100,000. Such a development shows an increase in the overall trading activity by SHIB whales. However, the data does not indicate whether or not these whales are buying or selling the meme coin. Also Read: Shiba Inu: How Much is Needed to Reach $1M at $0.05? SHIB Whale Transactions Jump 551% Over the last several months, the digital asset sector has seen increased volatility. Although many expected Spot Bitcoin ETF approvals to provide a massive uptrend for the market, it has not yet come to fruition. Amidst increasing pressure on the industry, one of the most prominent meme coins has not been exempt. However, rec...

In what can be called a tale of unfortunate events, a man invested $4,000 in Shiba Inu only to later see his portfolio balloon to $70 million in less than a year. So why didn’t he cash out $70 million and lead a life of financial freedom with SHIB? Well, let’s find out! So, the story goes that a man in Dubai took an early entry position in Shiba Inu just weeks after its launch in August 2020. He invested $4,000 just to test the waters as SHIB was an obscure and novice token back then. Also Read: Shiba Inu: Millions of Bitcoin Profits Set to Flow Into SHIB The investor accumulated 5 trillion SHIB tokens for $4,000 as it was trading with nine ‘zeroes’ during that time. However, to his bad luck, SHIB began plummeting between September to December 2020 adding an extra ‘zero’ in the indices. Fearing that his $4,000 could plummet further, he waited until SHIB bounced back in price and sold all 5 trillion tokens for the same $4,000. Therefore, the...

There’s magic in numbers and numbers are magical in the world of cryptocurrencies. A mere investment of $100 can turn into $1 million and an investment of $1 million can also turn into $100. That’s the specialty of the cryptocurrency markets as it can turn an investor into a millionaire and pauper all at the same time. No one shoe fits all type of success and only a few lucky ones made it. In the center of the development, Shiba Inu stands out as the only token to have made small investors become millionaires in a short period. Also Read: The Race to $1: Will Shiba Inu or Dogecoin Get There First? Shiba Inu (SHIB): An Investment of $18,000 Turns Into $43 Million in December 2023 Source: Pixabay If you religiously invested $500 into Shiba Inu every month from December 2020 till today, you could have earned $43 million by now. Yes, that’s right, a steady investment of $500 from December 2020 to today, constitutes 36 months. That’s a total investment of $18,000...

Considering the widespread appeal of Shiba Inu [SHIB], the meme-inspired crypto currency, and the relentless efforts of its development team to expand its ecosystem, a fundamental inquiry arises: Could this digital asset potentially attain a value of one cent in the future? Moving beyond its 1-cent dream, several have been betting on the possibility of Shiba Inu hitting the $0.50 mark. Within the Shiba Inu community, there’s a bold ambition taking shape: a target of 50 cents per SHIB token. This ambitious vision is based on an optimistic outlook presented by Telegaon, a platform employing AI-driven technical Analysis akin to Gov Capital and Wallet Investor. Telegaon envisions a positive path for SHIB, suggesting that between 2040 and 2050, Shiba Inu may potentially hit a valuation of $0.50. The forecast predicts a peak price of $0.089 by 2040, with speculation that the asset could surge to $0.62 by 2050. Consequently, it is proposed that SHIB might touch the $0.50 milestone at...

Adoption has taken a leading role in the crypto sector. While prominent crypto currencies such as Bitcoin [BTC] and Ethereum [ETH] remain favored options, meme coins like Shiba Inu [SHIB] are beginning to make their presence felt. FCF Pay’s latest service, known as FCF Crypto Bills, has been receiving significant praise. This service enables holders of major crypto , including Shiba Inu, to pay bills with over 20,000 American firms within its network. To further elevate their efforts, FCF Pay chose to engage in a partnership with the renowned automobile manufacturer, Honda. Source With this collaboration, customers will be able to utilize more than 100 digital assets. This includes Bitcoin, Ethereum, Shiba Inu, and XRP to finance, lease, or buy Honda vehicles. In addition to SHIB, users are also allowed to pay up using the asset’s offspring, BONE and LEASH. At present, the service is exclusively accessible to individuals residing in the United States. Nevertheles...

Shiba Inu is arguably the only cryptocurrency in recent times to have made investors millionaires in less than a year. A simple $1,000 investment ballooned to over $1 million for early investors who made life-changing gains in a short period. Bitcoin, Ethereum, and the stock markets have never generated this many returns since 2020, while SHIB ruled the roost. Investors who took an entry position in 2020 and early 2021 got to taste the honey that Shiba Inu offered. Also Read: Shiba Inu: SHIB Could Easily Reach $0.01 if This Happens In this article, we will highlight how three middle and lower-income-class investors made more than $1 million with an investment of less than $1,000 in Shiba Inu. Shiba Inu: From Rags to Riches, Turning the Average Man Into a Millionaire Source: newtraderu.com A middle-aged truck driver in the U.S. invested $650 in SHIB in 2020 and went on with life as usual. Little did the truck driver know that his life would change forever a few months later....

October turned the tables in 2021 as the markets rallied hard making leading cryptos gear up to their all-time highs. October and November 2021 attracted heavy bullish sentiments and the crypto markets reached their peak during this period. However, a year later now in October 2022, investors&rsquo ; mood is dampened due to the harsh and ongoing bear markets. Leading crypto s are down for nine months straight with no signs of returning to normalcy. However, the crypto markets are still lucrative as favorite coins are now down nearly to their two-year lows. Also Read: How Many Days Did Bitcoin Take to Get Its First Use-Case? Top 3 Cryptos to Watch Out For in October 2022 1. Bitcoin (BTC) Source: usa.kaspersky.com Bitcoin is currently hovering around the $19,500 mark and despite being down this year, BTC remains not out. The king crypto is known for its volatility and it can swing both ways proportionally in the indices. BTC is fluctuating between $18,000 to $24,500 f...