2023-10-27 15:19 |
FLOKI’s gains coincide with the launch of its tokenization platform, TokenFi, but is the rally sustainable?
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Shiba Inu (SHIB) appears to be laying the groundwork for a big rally, as market observers focus on a potential vertical surge. The popular meme coin, which has often piqued investor interest, appears to be set for a “monster” climb toward $0.
Shiba Inu, the popular meme coin, has witnessed an extraordinary surge in its burn rate, with a staggering 7,418% increase and over 2 billion SHIB tokens burned over the past week. This significant reduction in circulating supply has ignited optimism among investors, especially with the Shiba Inu price currently trading at yearly highs.
In the past 24 hours, a staggering 1. 67 trillion $SHIB tokens have been withdrawn from exchanges, signaling heightened investor confidence and reduced selling pressure. Historically, similar withdrawal spikes have preceded significant price increases; for instance, Shiba surged by 62% following a comparable outflow.
The price of Shiba Inu (SHIB), the self-proclaimed “Dogecoin killer,” has been caught in a technical tug-of-war, with bears attempting to push it lower and bulls clinging to signs of hope.
The Shiba Inu community is being targeted by another string of scam attacks aimed at profiting from unsuspecting members. As a result, the Shibaarmy Scam Alert, an X (formerly Twitter) social media handle dedicated to exposing scams, has issued a crucial warning to the entire SHIB community.
Shiba Inu (SHIB), the leading canine-themed cryptocurrency, has captured the attention of investors worldwide, emerging as the second most searched cryptocurrency in Europe. Surpassing established contenders like Ethereum (ETH), Cardano (ADA), and even its predecessor Dogecoin (DOGE), SHIB’s meteoric rise in popularity signals a significant shift in the cryptocurrency landscape. Related Reading: SEC Chair Gary […]
Aditya Das is a researcher and analyst across the Techemy Group. He joins Andy to discuss the current Memecoin mania that has gripped the crypto markets.