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Shiba Inu Burn Rate Soars 400% As $SHIB Price Continues To RallyShiba Inu, an Ethereum-based altcoin, gains significant traction with a 400% upswing in burn rate followed by a price surge. Shiba Inu, one of the most popular meme coins built atop the Ethereum blockchain, once again echoed a sense of frenzy across the broader crypto market on Friday, following a colossal upswing marked in the token’s burn rate. Notably, according to the data unveiled by Shibburn, a roughly 400% surge in the meme coin’s burn rate sparked immense curiosity among crypto market traders and investors. Meanwhile, as the burn data surfaced over the crypto horizon amid Shiba Inu’s sustained price rally, additional inferences seem to be birthing for the token. SHIB’s Burning Saga As per the data by Shibburn, a platform facilitating SHIB burning insights, the community noted a 395.43% upsurge in the burn rate today, January 12. Furthermore, aligning with this data, a staggering 18.24 million SHIB was incinerated over the past 24 hours. Coinciding with this, three noteworthy burn transactions appear to be primarily responsible for the aforestated upswing. These transactions collectively incinerated a whopping 16.56 million SHIB out of the total amount burned mentioned above. Moreover, the total number of coins incinerated from SHIB’s initial supply now amounts to 410.707 trillion, grabbing significant attention globally. However, Shibarium, a layer two blockchain facilitated by Shiba Inu, recorded a notable plunge in its activity. As of writing, the daily transactions on the network totaled 1.86 million, illustrating a notable downfall. This further showcases a considerable step-down for the L2 blockchain, as the daily volume recently recorded over 6 million transactions per day on the network. However, with the upswing in SHIB burn rate, accompanied by Shiba Inu’s sustained price rally, market sentiments for the token appear to be taking an exciting turn. Shiba Inu Price Soars As of writing, the Shiba Inu price has exhibited a considerable surge of 2.70% over the past 24 hours and is currently trading at $0.00001021. Moreover, the token’s weekly chart portrays a 3.69% upsurge, further accompanied by a monthly pump of 5.99%. Intriguingly, the surge in price also falls in line with the upswing in the CRYPTOCAP:SHIB burn rate. Moreover, the token again ditched a zero from its price recently, garnering additional bullish thoughts among crypto market traders.
COINBASE:SHIBUSDLong
by DEXWireNews
🔥 BTC/USDT - Pump and Dump ? What Happend ? (READ THE CAPTION)By checking the Bitcoin chart, we can see that yesterday with the fake news that was published by the American SEC Twitter account (it was hacked) and said that the Bitcoin ETF was approved, the price of Bitcoin was pumped up to about $48,000, and after the fakeness of this The news was published that Bitcoin was dumped up to $44,700 again, and this caused FVG to be filled! We will probably see more fall from Bitcoin! Related News : • The SEC is a regulator that is responsible for maintaining market integrity in the US. • The SEC’s X account was hacked and posted a fake news about approving a spot Bitcoin ETF, which is a type of investment product that tracks the price of Bitcoin. • The fake news caused Bitcoin’s price to spike and then drop, affecting the crypto market and investors. • Lawyers are calling for the SEC to investigate itself for possible market manipulation and cybersecurity breaches. Source : Coin Edition Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
Short
by ArmanShabanTrading
25
Shiba Inu Burn Rate Jumps 27510% Shiba Inu, a prominent meme coin, gains phenomenal traction following a burn rate upswing and a whale accumulation. Shiba Inu, one of the most prominent meme coins functioning atop the Ethereum blockchain, marked a tempest of strides today following a colossal surge noted by the token’s burn rate. Notably, as per on-chain data unveiled by Shibbrun, a platform facilitating SHIB burning insights, the meme coin’s burn rate surged over 27000%, garnering noteworthy attention among crypto market enthusiasts globally. Meanwhile, the token also appears to have noted a significant whale accumulation, as per data hovering over the crypto horizon. Simultaneously, Shiba Inu’s market charts portrayed remarkable gains, amassing bullish sentiments for the token. SHIB Burn & Whale Activity Report In accordance with the data revealed by Shibburn, the Shiba crypto community noted a phenomenal 27510% upswing in its burn rate over the past 24 hours, with a staggering 9.35 billion SHIB incinerated as of Wednesday, January 10. Furthermore, the total number of coins burnt from the token’s initial supply is now estimated to be 410.70 trillion, fueling additional inferences among crypto market traders. Aligning with this, even the weekly burn rate soared 2278.29% while writing, mirroring the colossal burn. Meanwhile, amid the aforementioned burning saga, the token jotted down a critical burn transaction, shifting a whopping 9.35 billion CRYPTOCAP:SHIB to a dead wallet. This massive transfer appears to be majorly responsible for the enormous upswing in the CRYPTOCAP:SHIB burn rate, nabbing significant attention globally. On the other hand, a massive whale accumulation also appears to have piqued the global crypto market’s interest. According to on-chain insights offered by Lookonchain, a fresh whale was registered, accumulating 1.44 trillion SHIB from Binance and Gate. Concerning this, the address 0xF633Cd…3493Bbac was observed accumulating the previously stated amount in a series of five transactions. Concurrently, the number of coins withdrawn totaled $13.36 million while writing. In conjunction with this, market sentiments orbiting Shiba Inu are taking an exciting turn. The surge in burn rate, additionally escorted by an increase in on-chain activity, appears to be propelling bullish thoughts on the token.
COINBASE:SHIBUSD
by DEXWireNews
💎 ADA/USDT - First Long , Then SHORT ! But ? (READ THE CAPTION)By checking the Cardano chart in the weekly time frame (logarithmic), we see that the price fell after reaching the supply range of 0.67 and corrected to $0.46! If the price stabilizes below the supply range of $0.56 to $0.68, I will have a higher probability of falling from Cardano in the medium term! Only if the price breaks the $0.68 resistance and stabilizes above it, we can expect another Bull Run from Cardano! The efficiency of this cryptocurrency has been more than 150% so far ! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
4
SHIB Shiba Inu Price Prediction after the BTC ETF approvalIf you haven`t bought SHIB before that big rally: Then you should know that the price of SHIB Shiba Inu will be affected by the approval of the Bitcoin ETF this week. Some of the biggest asset managers on the entire planet are going to release a BTC ETF: Blackrock $9.3 Trillion Fidelity $4.5 Trillion Franklin Templeton $1.53 trillion Invesco $1.5 Trillion. BlackRock expects Bitcoin ETF approval on Wednesday, in-line with Bloomberg's January 10 deadline. I expect the approval to a buy the rumor, sell the news event. Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically resulting in a profit. A retracement in the price of SHIB Shiba Inu, after the news, probably to $0.00000850, would be a buying opportunity for a year-end rally, in my opinion.
by TopgOptions
BITCOIN:D1According to the chart: the price has started an upward movement. It is now in the range of resistance levels. In our indicator, we see divergence, but divergence should be considered for us when the price can penetrate to an important level, otherwise it will invalidate the divergence by being sideways. So we are waiting for price reaction to resistance levels. Know this point, in case of breakout of the resistance levels, the price can easily move up to the level of 63000. Be very careful in finding positions. Suitable areas for buying and selling are indicated on the chart
by youseftn1
🔥 BTC/USDT - Ready for SELL (Scalping) ?As you can see, by checking the Bitcoin chart in the 2-hour time frame, we can see that the price went up to $44,700 from the exact range that I specified and sent you the analysis. Now the price is trading in the range of $43,900, and first I expect a slight correction, and then we will probably be accompanied by the further growth of Bitcoin, monitor the range of $44,730 to $45,500 for a SHORT (SELL) position! Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
Short
by ArmanShabanTrading
3
Unraveling the Shiba Inu Conundrum: Burn Frenzy Shiba Inu ( CRYPTOCAP:SHIB ) has once again taken center stage with a whirlwind of developments. As the broader market experienced a downturn, Shiba Inu's community intensified efforts to bolster the coin through an unprecedented burn frenzy. However, the unexpected outcome has left investors and enthusiasts questioning the dynamics behind SHIB's recent rollercoaster ride. The Burn Frenzy and Shibarium Buzz: The recent surge in the SHIB burn rate, soaring by an astronomical 3,963%, has sparked both excitement and concern within the Shiba Inu community. This surge is particularly noteworthy given the community's intensified efforts to cut the token supply amid the recent price declines. A notable contributor to this surge is the heightened interest in Shibarium, a layer-2 blockchain introduced by the Shiba Inu team in 2023. The ecosystem's push towards decentralization and efficiency through Shibarium has fueled enthusiasm among investors. However, the burn frenzy's impact on SHIB's price has not followed the anticipated trajectory. SHIB Burn Stats and Anomalies: According to Shibburn, a platform dedicated to tracking CRYPTOCAP:SHIB token burns, over 1.21 million CRYPTOCAP:SHIB tokens were burned in the last 24 hours alone. Notably, a significant transaction involved the transfer of over 1 million CRYPTOCAP:SHIB tokens from an unidentified wallet to a dead wallet. This move raises questions about the motivation behind such transfers and their potential impact on SHIB's supply dynamics. Despite the staggering burn rate, the SHIB price experienced a 6% dip in the last 24 hours, leaving investors puzzled about the expected correlation between burn rates and price movements. Shiba Inu's Market Position and Demand Surge: As of January 4, 2024, Shiba Inu stands as the 17th largest cryptocurrency with a market capitalization of $5.67 billion. Despite the recent price decline, SHIB has witnessed a surge in demand, with the trade volume soaring by 66.73% to $301.51 million in the last 24 hours. This surge in demand is juxtaposed against a week-long decline of over 11% in SHIB's price. The Historical Perspective: To contextualize the recent developments, it's crucial to note that Shiba Inu is currently 89.12% down from its all-time high of $0.00008845, achieved in October 2021. Despite this, the coin's 1-month returns, buoyed by an initial upward trend in December, recorded a 7% gain. Conclusion: The Shiba Inu community's burn frenzy, fueled by the introduction of Shibarium and the intensified efforts to reduce token supply, has added an intriguing layer to SHIB's journey. As investors navigate the market turbulence and attempt to decipher the dynamics at play, one thing is clear: Shiba Inu remains a cryptocurrency of both volatility and resilience, with its future intricately tied to the ongoing developments within its vibrant and dedicated community.
COINBASE:SHIBUSDLong
by DEXWireNews
🔥 BTC/USDT - Ready for LONG ?By checking the Bitcoin chart in the 2-hour time frame, we can see that the price is still correcting in the range of $42,300 as we expected, and it even managed to fall to $41,300! I hope you have made the most of this analysis! If the price stabilizes above $41,300, I expect that Bitcoin can grow to levels above $44,700 this time, and the mid-term targets of this cryptocurrency will be $45,900 and $47,450, respectively! Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
Long
by ArmanShabanTrading
16
🔥 BTC/USDT : The $BTC will fall ? (Read The Caption)By checking the Bitcoin chart in the 2-hour time frame, we can see that the price is trading in the range of $43,600 and if the price cannot penetrate above $44,700 again, we will see a further drop in the price! Important demand ranges are $42,700 to $43,000 and $40,200 to $40,700 respectively! The supply ranges are $43,900 to $44,400 and $45,500 respectively! Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
Short
by ArmanShabanTrading
5
SHIB/USDT In the crucial area, Could SHIB Breakout or Rejected ?💎 SHIB, a notable player in the market, is currently advancing towards a critical supply area. Recently, SHIB faced a strong rejection at this juncture. For continued upward momentum, SHIB needs to break through this supply area. A confirmed breakout, probability could set the stage for SHIB to progress towards our identified strong resistance area. 💎 However, should SHIB struggle to breach this resistance and instead consolidate at this level over the next few days, it might face another rejection. Such a development could lead SHIB to retreat towards the support level at $0.00092. 💎 The support area at $0.00092 plays a pivotal role in SHIB's trajectory. A robust bounce from this level is necessary for SHIB to attempt another breakout of the supply area. Failure to sustain and rebound from this support could indicate weakening buyer momentum, raising the possibility of losing this support level. If SHIB breaks below this support, it could be directed towards the lower bullish OB area.
by MyCryptoParadise