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Shiba Inu (SHIB) has kicked off the week on a positive note, defying the broader trend of consolidation in the world of altcoins. In contrast to Bitcoin (BTC), the frontrunner in the crypto market, which experienced a marginal dip of 0.88%, Shiba Inu has managed to display 0.88% growth at the time of reporting. Meanwhile, its price stood at $0.000008162. This upward momentum has sparked optimism among the SHIB community. It further led to discussions about the possibility of SHIB achieving the ambitious target of 50 cents. This optimistic outlook within the Shiba Inu community is bolstered by forecasts and technical Analysis . Telegaon, a platform that employs AI-driven technical Analysis has presented an encouraging long-term outlook for Shiba Inu. According to Telegaon’s projections, SHIB could potentially reach a valuation of $0.50 between the years 2040 and 2050. Their forecast suggests that SHIB might attain a peak price of $0.089 by 2040. This will be followed by furthe...

Since the beginning of 2023, Shiba Inu (SHIB) is down by almost 13%. The popular dog-themed memecoin has been struggling to gain momentum this year despite the launch of the highly anticipated Shibarium layer-2 network. Moreover, the token is down over 91.9% from its all-time of $0.00008616, attained in October 2021. However, some analysts predict that the Dogecoin (DOGE) rival could see a bull run in 2025. Also Read: Shiba Inu: Can SHIB Rally 3X By Christmas 2023? Source: CoinGecko Shiba Inu: What do analysts predict for SHIB in 2025? Source – The Coin Republic According to Finder’s panel of analysts, SHIB could delete its fifth zero within two years and trade with four zeros after its decimal point. Hence, SHIB could slowly gain momentum and pick up speed by 2025. According to Finder, SHIB could reach a price of $0.00004930 by 2025, a growth of about 605% from current levels. Source: Finder If you were to invest $1000 today in SHIB, it could potentially turn...

The Shiba Inu [SHIB] community has long been highly optimistic about the aspiration of reaching a value of one cent per SHIB token. SHIB has been actively taking steps to distance itself from being categorized solely as a meme coin. This effort is evidenced by the introduction of Shibarium and various other initiatives. Additionally, the meme coin’s track record has been notably impressive. Consequently, despite SHIB’s current price performance, the community continues to hold onto the hope of achieving the coveted one-cent milestone. Currently, SHIB is priced at $0.000007281, reflecting a daily decline of 3.30%. Given its current price, SHIB would have to undergo a surge of around 137,187.73% to attain a value of $0.01. But the question remains: How can this meme coin accomplish such a feat? Also Read: Shiba Inu: Is It Possible to Become a Millionaire with Less Than $10? Factors that can propel Shiba Inu towards its 1-cent dream There are several factors that co...

Despite being one of the most popular crypto tokens, Shiba Inu (SHIB) has struggled for most of 2023. While Bitcoin (BTC) is up by 59.2% since Jan. 1, SHIB is down by 10.3% in the same time frame. Fans and users are now eyeing the Christmas holiday as a possible turnaround period for the project. Although the token did make some gains in the first two months of the year, it has been on a downward trend since February. Many are hopeful that Shiba Inu (SHIB) will delete a zero or two (after its decimal) from its price this holiday season, which is about 100 days from now. Also Read: Shiba Inu: New Tool Offers “Zero Limits” to Shibarium Developers According to a report by CryptoTicker, if SHIB is able to register a daily growth of 1.14% for the next 100 days, the token could reach a price of $0.000009210. As it is clearly visible, SHIB’s price will not delete even a single zero at this growth. Moreover, there is no guarantee that SHIB will grow at this fixed rate every day....

This week marked the introduction of Shibarium , Shiba Inu’s layer-2 project. However, the launch did not unfold as expected. A minor technical issue stemming from heightened traffic, coupled with the prevailing market sentiment, resulted in a downward trajectory for SHIB’s value. Nevertheless, despite these challenges, numerous individuals within the market maintained an optimistic outlook and continued to place their confidence in the aspiration of reaching the one-cent milestone. Among those with a positive stance is Del Crxpto, a crypto analyst. In a recent tweet, the analyst directed attention toward the possibilities presented by Shibarium . This financial expert noted how the layer-2 solution has the potential to enhance SHIB’s value, further aiding the vision of pushing the price to $0.01. $SHIB reached #3 in the world with $ETH transactions costing hundreds – thousands per… #Shibarium has free’d $SHIB of $ETH congestion & has made ...

Shiba Inu deleted its fifth ‘zero’ on Friday and is gearing up for a rally on the heels of the Shibarium launch. While SHIB is currently trading with four ‘zeroes’, investors are eager to see it delete all its ‘zeroes’ within the next decade. The 1-Cent dream is the heartbeat of millions of investors who aim to make millions when it reaches $0.01. However, the timeline to hit $0.01 could be much longer than expected, as the road to burning 549 trillion tokens has not been built yet. Also Read: Shiba Inu To Reach 5 Cents? Here’s When SHIB Might Hit $0.05 SHIB’s upcoming ‘zeroes’ are a challenge as Shibarium’s burn mechanism is not functional yet. There are no concrete details made available regarding its burn capacity either. Therefore, SHIB could take a decade or more to kickstart deleting further ‘zeroes’. Shiba Inu: Will SHIB Take 10 Years To Delete Its 4th ‘Zero’? Source: Unsplash Leading ...

The past few days have been quite rough for crypto asset prices. Owing to the pessimism stirred-in by the Binance and Coinbase lawsuits, prices of most large and mid-cap coins rolled down the cliff. However, the market noted a brief recovery yesterday. Just when the tables seemed to turn around, bears yet again managed to gain control. At press time, all assets in the crypto market were cumulatively worth only $1.1 trillion. The same marked a 2% decline when compared to the previous day. Shiba Inu has also been following the cues of the broader market. Post registering one long red candle on Monday, June 5, SHIB has been consolidating. In fact, its current price of $0.00000795 is reminiscent to levels that were registered back in December and June last year. SHIB/USDT by TradingView Also Read: 80% Of Pepe Coin Profits Were Accrued During Week 1: Research Can Shiba Inu knock off another zero and continue rising in the coming months? Despite the haphazard short-term outlook,...

Despite the massive popularity of the meme coin, recent data shows Shiba Inu currently only sees 0.7% of its holders as SHIB billionaires. Moreover, it appears as though the large holders of the meme coin are continuing to fall.  The fall in this percentage is likely attributed to profit-taking measures by these investors. Subsequently, that seems to be the persisting trend among those that are presently on the SHIB market. How that affects the meme coin, and whether or not it will change, remains to be seen.  Source: The Economic Times SHIB Billionaires Falling The meme coin market has long been defined by the passionate communities that hold it up. Indeed, assets like Shiba Inu, and Dogecoin (DOGE) have thrived because of the investors who are committed to seeing them thrive. Yet, that does take patience, and it’s patience that may be fading.  Data from IntoTheBlock has shown that Shiba Inu saw 0.7% of holders as SHIB billionaires. Nevertheless, the data is showing ra...

Burning tokens or sending them to dead wallets has become pertinent in the Shiba Inu ecosystem. For the past few years, the community has been actively participating in regular token burns. Unfortunately, these efforts have had minimal impact on the price. As a result, the network has taken a proactive approach by incorporating a Shiba Inu burn mechanism into Shibarium. The beta version of Shibarium, a layer-2 blockchain network was recently released. Along with the release, the network confirmed that this update will burn trillions of SHIB every year. Since Shibarium is still in its beta stage, the burn mechanism is also still underway. Nevertheless, a sneak peek of the user interface [UI] was shared on Twitter, offering a preview of what users can expect. SHIB INFORMER, a prominent member of the community shared a sneak peek of the Shib burn mechanism on Shibarium. A preview of the user interface of the #Shib #burn mechanism in #Shibarium#Crypto pic.twitter.com/2ICTB5STHX ...

Amidst the arrival of a new meme crypto asset, the old ones haven’t lost traction. A Shiba Inu [SHIB] whale affirmed the same through an exorbitant purchase. This particular whale was on a buying spree as the address made transactions throughout last week. Earlier today, it was brought to light that the fifth largest SHIB whale pocketed 221.72 million SHIB. The latest purchase was worth $2.23 million and was carried out in a single transaction. Source As seen in the image, the whale has been executing several significant transactions. In addition to the aforementioned 221.72 million tokens, the whale made another transaction of over 58 million SHIB. This spree was ticked off on April 25 when the whale made its first purchase. Through this, the whale increased its portfolio with 730,613,187 or 730.61 million SHIB. Since then, the whale has made larger purchases and completed the second trade on April 27 by racking up 76,316,827,917 SHIB. The activity was not limited ...

Early investors became millionaires by investing a mere $1,000 in Shiba Inu during its initial days and made life-changing wealth. SHIB deleted six ‘zeroes’ in 10 months in 2021 and it was among the top-performing cryptocurrencies of the year. Shiba Inu reached its all-time high of $0.00008616 on October 2021. It’s been nearly 18 months since SHIB registered its ATH. In this article, we will highlight how much money users might make if Shiba Inu reclaims its ATH, with a $1000 investment at its current price point. Also Read: Exclusive: ‘If Shiba Inu Reaches $0.01, I’ll Buy 20 Acres Land & Build My Dream House’ How Much Could You Make If Shiba Inu Reclaims Its ATH With A $1,000 Investment Today? Source: Coingecko Shiba Inu is currently trading at $0.00001096, and for a $1,000 investment, users can accumulate nearly 91 million tokens. On the other hand, SHIB is down 87.29% from its all-time high giving investors the opportunity to accumulate more tokens. Therefore, i...

Bitcoin has risen above $25,000 and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000. After a recovery on March 16, the United States equities markets are again down on March 17. Investors remain concerned about the vulnerability of the banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that Bitcoin (BTC) has remained decoupled with the equities markets and has risen to its highest level since Jan. 12. Galaxy Digital founder and CEO Michael Novogratz said in an interview with CNBC that the US and the globe will face a credit crunch as banks lend less to rebuild capital. He said investors should be long on Bitcoin and crypto because these are the times for which it was created. Daily cryptocurrency market performance. Source: Coin360 Quantitative tightening seems to be giving way to a period of quantitative easing. The banks have already borrowed $150 billion from the Federal Reserve, which i...

Most crypto assets have been shedding value of late. Recent pessimistic developments like Silvergate’s shut down, have only deepened the market’s wounds further. On Thursday, the aggregate valuation of all the assets stood below the $1 trillion mark, at $995.17 billion to be precise. Bitcoin’s price has been hovering below the $22k threshold, while Ethereum tumbled below $1.6k. Unlike the top two’s 2% depreciation, other Alt coins from the market like Shiba Inu and Cardano have shed 3%-6% of their respective values over the past day. The mid-term landscape also seems to be similar. Blockchain Center‘s Altcoin Season Index pointed out that the market is currently no where close to its “Altcoin Season.” According to the thumb rule, if 75% of the top 50 coins outperform Bitcoin in a period of 90 days, it is considered to be an Altcoin season. The press time reading of 24 and the pendulum oscillating towards “Bitcoin Season,” ...