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Shiba Inu’s Technical Resilience: Volatility Lessons Through Shibarium Correction

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Shiba Inu (SHIB), the once-irreverent meme coin that captured the crypto community’s attention, has recently experienced a seismic setback. A stunning 35% of Shiba Inu’s hard-earned gains were wiped away during a turbulent period now being dubbed the “Shibarium correction.”

This episode serves as a stark reminder of the “buy the rumor, sell the news” phenomenon that can dictate market sentiment and underscores the importance of robust technical foundations in the decentralized finance landscape.

Leading up to the highly anticipated launch of Shibarium, speculation and excitement ran high, propelling Shiba Inu’s valuation to new heights. Yet, reality proved to be a stark contrast to these expectations. The token’s price tumbled as the long-anticipated event unfolded, causing both seasoned investors and newcomers to feel the brunt of the price correction.

Shiba Inu’s Swift Plunge: Post-Shibarium Correction Fallout

The aftermath of the Shibarium correction was as brutal as it was swift. Shiba Inu’s trajectory plummeted, forming a candlestick shadow that touched lows not witnessed in months. A fleeting moment, but one that erased all the gains the token had painstakingly accrued throughout August. Currently trading at $0.00000839, SHIB stands as a stark testament to the capricious nature of the crypto market.

Source: Trading View

This incident brings into sharp focus the significance of having an unshakeable technical infrastructure within the realm of decentralized finance. While the allure of connecting disparate blockchains and enabling seamless transactions is powerful, its execution demands meticulous precision. Even the slightest hiccups can unleash cascading financial consequences, a truth poignantly illustrated by SHIB’s experience.

For Shiba Inu, the road ahead appears foggy. While the token has demonstrated resilience by rebounding from past market downturns, the Shibarium correction has rocked investor confidence. The crypto community’s gaze is fixated on how the project’s developers will confront the existing obstacles and endeavor to reinstate faith in the venture.

As the crypto market matures, incidents like the Shibarium correction are more than just cautionary tales – they underscore the necessity of having a well-constructed technological underpinning. The volatile crypto landscape demands that projects not only meet the hype but also possess the ability to navigate through potential pitfalls and technical glitches. It’s a relentless test of both innovation and execution.

In summary, SHIB’s recent tribulations illuminate the fragility of meme-driven market dynamics and the imperative of technical robustness in decentralized finance. While SHIB’s future hangs in the balance, its struggles impart valuable insights for both investors and projects looking to carve a niche in the crypto realm. The Shibarium correction, though a setback, might serve as a catalyst for the maturation and refinement of the crypto industry’s infrastructure.

Shiba Inu Predicted To Soar to $0.01, Surpassing All-Time High

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Gov Capital, a data analytics platform, utilized advanced deep learning algorithms to make projections about Shiba Inu’s (SHIB) daily price until July 27, 2028. While the firm’s forecast indicated that SHIB is not expected to reach $0.01 or $1, it did anticipate the asset’s price surpassing its previous all-time high of $0.00008616.

Source: Gov Capital

According to the deep learning algorithm by Gov Capital, SHIB could achieve a significant peak at $0.000207 on July 26, 2028, signifying a substantial 2530.24% gain from its current levels. The platform further predicted that SHIB might enter the “three-zero” territory by September 2026.

Despite these positive projections, there is still uncertainty surrounding Shiba Inu’s ability to attain the desired price targets of $0.01 or $1 in the near future, partly attributed to potential data limitations in the deep learning algorithm.

Shiba Inu’s Untapped Potential: Shibarium Launch

It’s important to note that the deep learning algorithm employed by Gov Capital did not account for certain factors, including the launch of Shibarium and the accompanying new burn mechanism. The introduction of Shibarium is expected to bring about numerous real-world use cases for Shiba Inu (SHIB), potentially attracting more users and consequently influencing prices. Additionally, there are rumors suggesting that the new burn mechanism may be responsible for burning trillions of tokens monthly. If implemented, this could significantly reduce SHIB’s circulating supply, leading to potential price increases. By incorporating Shibarium and the new burn mechanism into their predictions, Shiba Inu (SHIB) might have a better chance of reaching the $0.01 target.

However, the complete details of Shibarium and the new burn mechanism remain undisclosed, leaving room for speculation. The possibilities and expectations surrounding these developments are based on mere rumors, making it challenging to definitively predict their impact on SHIB’s price. Despite the uncertainty, many individuals remain hopeful that their expectations will be met. The truth will be revealed when Shibarium is unveiled later this year.

Shiba Inu’s Future Price: Millionaires Dream or Fantasy Scheme?

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Shiba Inu has established itself as a significant player in the cryptocurrency world, renowned for being a meme coin and holding the second-largest market position. The team behind SHIB has consistently displayed their commitment to its development through various initiatives.

Currently, Shiba Inu is trading at approximately $0.000007, burdened by five zeroes in its indices. In order to turn present-day investors into millionaires, SHIB needs to remove four of these zeroes and reach the $0.01 milestone. However, accomplishing this feat is easier said than done. The dog-themed token must burn trillions of its tokens to achieve this significant goal and fulfill the financial aspirations of investors.

Considering that many Shiba Inu holders are willing to patiently wait for the long term to achieve this ambitious objective, the question arises: what will the price of Shiba Inu be in 2028, specifically five years from now? This article will explore the potential price of SHIB in 2028 and the possibility of removing zeroes from its value.

ROI Surge: Shiba Inu’s Growth Projections Unveiled

Leading metrics and price prediction firm, Gov Capital, has presented an optimistic outlook for Shiba Inu in 2028. Although their prediction falls short of reaching the $0.01 mark, they anticipate that SHIB could eliminate two zeroes within the next five years.

Gov Capital’s analysis suggests that Shiba Inu has the potential to reach a maximum high of $0.00021275 and a minimum price of $0.000185 in July 2028. Therefore, it seems that SHIB may only remove two zeroes during this period, resulting in a trading range with three zeroes.

Source

This projection indicates a substantial increase in return on investment (ROI), with an approximate gain of 2,500% from its current price of $0.000007. For instance, if an investor were to make a $1,000 investment at the current levels, it could potentially yield $26,000 by 2028, provided the prediction proves to be accurate.

However, it is crucial to note that there is no guarantee that Shiba Inu will successfully eliminate two zeroes within the next five years. The cryptocurrency market is highly volatile and can swing in either direction, leading to potential losses. Prospective investors are advised to thoroughly research and analyze the market before considering an investment in Shiba Inu.

Shiba Inu Fiat Transactions Now Gain Support From S.Korea’s Largest Exchange

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Shiba Inu was able to incline by 28% after surpassing its lowering channel last week. As anticipated, SHIB’s price dropped a zero and surpassed $0.000011. SHIB has already produced two consecutive red candles on its daily chart as a result of the correction that was necessary due to the overbought conditions.

SHIB attempted to break above $0.1061 earlier in the day. However, the 38.2% Fib level resisted it. As can be seen in the graph below, a similar level stopped SHIB’s course in November of last year, after which it entered the bearish pattern highlighted.

Therefore, it is extremely important for SHIB bulls to break through for any additional advancement from this position to be sustainable.

The top 100 Ethereum whales have purchased SHIB for $4.2k over the last 24 hours. However, throughout the same period, they sold tokens totaling $12,283 in value. Additionally, ITB data supported the bears’ small advantage.

The bulls and bears indicator, put simply, counts the number of addresses that bought or sold more than 1% of the total volume traded on a particular day. Bulls are those who purchased more than 1% of the total volume, and bears are those who sold more than 1% of the total volume.

Upbit Supports Shiba Inu And GAL’s BTC

Shiba Inu has been revived by Upbit, a well-known cryptocurrency exchange in South Korea, by being added to its list of fiat transactions. The exchange has expanded its reach by including GAL’s BTC in addition to SHIB. Recently, the so-called Dogecoin killer was struggling to compete with its Meme-coin adversary, but things are finally starting to look bright.

Analysts evaluated the Shiba Inu price movement as a result of this listing and predicted a rise to the optimistic goal price. The meme currency may recoup its losses and start an upswing with an eye on a price target.

Shiba Inu has, however, already been listed on several significant exchanges, including Bitstamp and Robinhood. At the time of press, Shiba Inu (SHIB) was priced at $0.00001269 with a daily rise of 20.94% according to CMC.

Has Shiba Inu been reaching for the stars? Here’s what it means

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Shiba Inu has developed into an ecosystem that goes much beyond simple trade. The area of cryptocurrency development and adoption took centre stage. This year, the meme coin SHIB attracted a lot of attention. The network also increased its utilities, albeit initially it was due to its increasing prices.

As reported by TWJ earlier, the Singapore-based MEXC exchange, in partnership with Bone ShibaSwap (BONE), has announced a prize fund of 5,555 BONE to qualified users that participate in the “Sign up, Deposit & Trade” event , as posted on the official SHIB Twitter handle.

Source: Twitter

MEXC Global, one of the first exchanges to offer the Shiba Inu ecosystem governance token, added BONE support in January of this year. By introducing a USDC pair, the leading cryptocurrency exchange recently increased support for SHIB. One of the first exchanges to add the Dogecoin-killer early was MEXC, which made the announcement that the canine token may now be traded on its platform in July 2021.

Less than 65,000 BONE are still available for farming, yet interest in the asset is still growing. When 230 million tokens were produced, the Shiba Inu community overwhelmingly decided to stop all BONE farming. This decision was made in June. Shibarium validators were supposed to receive the remaining 20 million tokens. There are still just 250 million BONE tokens available.

Big chunk Shiba Inu gets burned

According to Shibburn, a platform that tracks transactions that lower the amount of Shiba Inu dog tokens currently in circulation, the SHIB army has succeeded in burning more than a quarter of a billion SHIB during the past 24 hours.

Shiba tokens totaling 276,280,888 were transmitted to dead wallets in 22 transactions throughout the course of the previous day and night. A total of 160,549,026 SHIB worth of meme coins were also burnt in a single transfer by an unknown wallet, coming very close to the same sum.

The SHIB army burns Shiba Inu tokens every day in an effort to lower the current supply of tokens that are available on the market. Burning refers to moving tokens into “inferno” wallets, where they are effectively frozen and removed from circulation, increasing the scarcity of a coin. The SHIB army destroys its coinage with the anticipation that when they are in short supply, their value would increase.

Shiba Inu takes lead over Dogecoin as its Twitter followers increase

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In the first part of 2021, Dogecoin was quite popular, but in the second half of the year, Shiba Inu overtook it as the most popular meme token. The euphoria surrounding Dogecoin faded when its price remained unchanged for months, and SHIB, in contrast, performed better in the indices. Shiba Inu’s fame thus increased dramatically, attracting more new investors to the market.

Source: Twitter

After a year has passed, Shiba Inu has surpassed Dogecoin in terms of Twitter followers. Dogecoin had a steadfast 3.1 million Twitter followers, but the Dogecoin-killer outperformed Doge in terms of ownership. SHIB now has 3,441,762 followers compared to Dogecoin’s 3,439,746. Dogecoin presently has 2,220 fewer Twitter followers than SHIB.

SHIB token joined Twitter in February 2021, whereas Dogecoin joined the social media network in December 2013.

By avoiding all Doge stood for, SHIB held true to its slogan of becoming the “Dogecoin killer.” SHIB temporarily surpassed Doge’s market cap and removed it off the top 10 cryptos list last year. However, Doge restored its position and is now the tenth-largest cryptocurrency, while SHIB is ranked twelve.

Endeavors of Shiba Inu

Numerous establishments all over the world accept Doge and SHIB as valid forms of payment. AMC Theatres revealed last month that they now accept both cryptocurrencies for online ticket purchases.

Source: Twitter

Furthermore, the utility of Shiba Inu [SHIB] has advanced significantly during the past few months. However, in terms of price, it has remained largely stable or declining. The network’s changes, the frequent burns, and the significant whale movements did not appear to have an impact on the price. SHIB, however, had a significant increase over the weekend.

Shiba Inu was able to soar to a 90-day high on Sunday of $0.00001774. Many were startled by this because the majority of the competing cryptocurrencies in the market were sinking in the bloody sea. Santiment continued by pointing out that the rapid increase in whale transactions may have contributed to the 30 percent increase in SHIB.

At the time of press, SHIB was priced at $0.00001574 and had plunged by 2.27%.

Shiba Inu is now a part of Binance card

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Shiba Inu has gone a long way from its early days as a meme coin attempting to transform into something more practical. This effort of the Dogecoin Killer seems to be bearing fruits sooner than expected.

Recently, the network turned two, and the celebrations went on all week. Tuesday saw the name of the eagerly anticipated game revealed, and the network ended the week by getting a spot on Binance Card.

Three additional assets have been added to the Binance Card, according to the biggest cryptocurrency exchange in the world. This featured Avalanche (AVAX), Shiba Inu (SHIB), and XRP. The supported cryptocurrency assets are anticipated to launch right now. Binance took to Twitter to make the listing official.

Source: Twitter

It should be emphasized that only users who reside in the European Economic Area [EEA] are eligible to use the card. Additionally, refugees from Ukraine who now reside in EEA nations may benefit from the most recent accession.

Shiba Inu’s participation is not shocking considering how widely used the meme coin has become. The asset has been housed on a variety of platforms during the past few months, enhancing its visibility.

Additionally, Binance Card increased the number of cryptocurrencies it supports to fourteen with the addition of SHIB, XRP, and AVAX. Along with SXP, other assets on the list include Cardano (ADA), Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), Polkadot (DOT), Tether (USDT), Ethereum (ETH), S.S. Lazio (LAZIO), Santos FC (SANTOS), FC Porto (PORTO), and SXP.

Shiba Inu’s commitment to growth

Shiba Inu’s dedication to expansion was demonstrated by the Shibaswap platform’s formal launch. Now, based on social indications, Shibaswap has taken the #1 spot on the list of the most popular Ethereum dapps.

According to research by crypto expert Ben GCrypto, this is the case. The DEX outperformed OpenSea and the Bored Ape Yacht Club, which placed second and third consecutively. This is an outstanding accomplishment for the DEX.

Source: Twitter

Considering that Shibaswap had recently celebrated its one anniversary in July, the ranking demonstrates its rapid growth. More than 30 digital assets have so far been listed, bringing in a total value lock of almost $41.72 million.

Shiba Inu takes it to The Third Floor

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A significant collaboration between the Shiba Inu team and The Third Floor (TTF), the busiest visualization studio known for its work on numerous Marvel blockbusters, has been announced.
TTF will take charge of artistic development by assisting the creators of the well-known meme coin in defining the virtual worlds for the metaverse project.

Source: Twitter

The American firm has contributed to a number of well-known films, including “Avengers: Infinity War,” “Wonder Woman,” “Thor: Ragnarok,” “Mad Max: Fury Road,” and others. TTF has also contributed to episodic television shows and video games like “Doom” and “Resident Evil 6.”

The Shiba Inu community’s artistically driven mission, according to TTF’s chief creative officer Dane Smith, is “inspiring.” According to Smith, the metaverse may be able to provide an infinite amount of opportunities and mixed-reality experiences.

At the time of press, Shiba Inu was priced at $0.00001178 with a daily hike of 0.73%.

Shiba Inu’s rival Dogecoin presents its Core 1.14.6

Dogecoin has a new iteration, and cryptocurrency users shouldn’t disregard it. The Dogecoin team published a new core version of the joke currency early on Thursday, enhancing the blockchain’s efficiency and security. On Twitter, the Dogecoin team announced,

Source: Twitter

Along with security updates, the developers updated the pricing structure and other features. For instance, from 1 DOGE to 0.01 DOGE, the acceptable dust limit has been reduced. Other modifications included limiting the amount of addnode records that could be created to 800 and configuring a wallet backup directory.

Improved stopped transaction detection was one of the new features that will assist cut down on delays. In addition, adjustments were made to the UI’s pruning configuration and its management of connections without restarting.

Source: Twitter

Elon Musk was one of the community members that wanted DOGE to change course and take on a more significant role in usability. We can view the outcomes of the investigation conducted by the Doge developers.

During Tesla’s earnings call, where they reported selling off 75% of its Bitcoin holdings but none of its Dogecoin holdings, the billionaire’s backing was evident.

Furthermore, at the time of press, Dogecoin was priced at $0.0689 with a rise of 0.72% over the last 24 hours.

Is Shiba Inu the new goose laying golden eggs?

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Shiba Inu, the meme coin, grew in popularity and value swiftly as a community of investors were pulled in by the coin’s charming attractiveness combined with headlines and tweets from celebrities such as Elon Musk and Vitalik Buterin. The altcoin’s fame spawned a flood of imitators.

Along with witnessing multi-fold excellence in the cryptocurrency sector, the Dogecoin-killer has also been used, quite often, to attract more crypto enthusiasts to boost one’s own business.However, this isn’t a novel concept. CoinJar is only the most recent company to do so. After all, Shiba Inu [SHIB] has been threatening to supplant Dogecoin [DOGE] as the world’s most popular memecoin for the past year or so. SHIB has been used to boost social and trading volumes as an altcoin that prides itself on being community-centric.

CoinJar, one of Australia’s most established cryptocurrency exchanges, has announced the beginning of a Shiba Inu-themed promotional campaign. This will be part of the company’s 9th anniversary celebrations. CoinJar will become the next company to harness and promote its own fame by using the socially popular memecoin.

Let the Shiba Inu promotions begin!

Anyone who trades on the app between May 5 and 8 will have a chance to win up to 99,999,999 SHIB, according to the exchange. While the prize money appeared to be just over $2,000 at the time of publication, the exchange appears to be banking on the cryptocurrency’s social popularity to drive trading on its platform.

It’s worth noting that attempts have been made to help SHIB become a more respectable coin. The network, for example, just completed its SHIB: The Metaverse land sales last week. It all started with the SHIB Burn Portal’s operations. Over 20 billion SHIB have been burned out of circulation in the last week alone.

SHIB: The Metaverse

Despite its social popularity and tendency to win trending wars, SHIB’s price action has been disappointing. In fact, many analysts believe the meme coin has a long way to go before it even approaches $1. These predictions are bolstered by the fact that over 70K SHIB holders have left the market in the last month alone.

Shiba Inu payments acknowledged by Swiss-based MNC

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Fidinam Group, a multinational company based in Switzerland, is now taking Shiba Inu as a payment mechanism, according to @ShibaXanders, an admin of the Shiba Inu Venezuela community.

Fidinam is said to have operations in Germany, Austria, Belgium, the United Kingdom, the United States, and Spain. Porsche Towson, Baltimore’s only private Porsche facility, has collaborated with cryptocurrency payment processor BitPay to accept digital assets, including SHIB token, according to a recent release.

BitPay started accepting the SHIB cryptocurrency in late 2021, allowing SHIB to be used at hundreds of BitPay merchants that accept the meme coin. SlingTV, the American Cancer Society, Newegg, Menufy, the Carolina Hurricanes, and Twitch are just a few of the prominent firms that currently accept SHIB via BitPay.

Endeavors of Shiba Inu

The SHIB trifecta, leash, and bone make their debut on SimpleHold, a lightweight wallet for Bitcoin, Ethereum, and a variety of other digital assets, letting users store and transfer leash and bone.

In light of recent events, the Parex decentralised exchange announced on its Twitter account that it will start trading Shiba Inu on April 20, 2022. On April 20, the Parex exchange announced that it will begin accepting Shiba Inu deposits and trading on its platform. The meme token will be paired with USDT.

The platform differs from past exchanges in that it includes a PRX token that can be mined and is based on the Proof-of-Interoperability protocol. The latter allows PRX to link to a variety of different blockchains, including Ethereum, Polygon, Polkadot, and others.

Furthermore, the Dogecoin-killer was listed on VALR, a South African digital market, earlier this month. Aside from that, after a lengthy wait, the canine token SHIB was officially listed on the Robinhood trading app. The meme cryptocurrency Shiba Inu was listed by commission-free investment site Robinhood, according to a listing bot. The meme coin has already surfaced on the official website, even thoughthe fact that the firm has yet to properly introduce a new addition to its line-up.

Following the long-awaited listing by the famous Robinhood investment app earlier this month, SHIB has started gaining pace. For almost a week, SHIB has been the largest token by USD value among the top 100 ETH whales, and it has also been in the top ten most acquired coins. At the time of writing, Shiba Inu (SHIB) was priced at $0.00002496 and had plunged by 0.94% over the last 24 hours.