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Shiba Inu

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." According to its whitepaper, Shiba Inu was created with the intention of creating a "100% community-led" cryptocurrency. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu is widely considered to be a "memecoin" due to its high volatility and network effect, driven by influential commentators like Tesla CEO Elon Musk.

Cryptocurrency price analysis brought by Coinidol.com. The price of Shiba Inu (SHIB) fell on October 9 and a new price range was set.

Shiba Inu Targets $0.00000635 As It Faces Bearish Exhaustion

On-chain data shows a crypto whale just moved a massive amount of the memecoin Shiba Inu (SHIB). According to the crypto whale-watching service Whale Alert, an Ethereum (ETH) address suddenly moved 4.56 trillion SHIB tokens worth about $31.41 million to a new address earlier today.

Shiba Inu Whale Abruptly Moves 4,560,030,677,374 in SHIB – Here's Where the Crypto's Headed

Dogecoin

Meme coins were one of the biggest casualties of Wednesday's price consolidation, falling by as much as 2% in today's session. The decline comes as a result of profit taking, following strong gains to start the week. Shiba inu and dogecoin remain in the red, as of writing.

Biggest Movers: SHIB, DOGE Fall, as Crypto Markets Consolidate

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) started the week on a positive note as Japanese crypto exchange, BitTrade announced adding the meme coins. Amid widespread acceptance of tokens at exchanges, regulatory compliance changes and an expected approval for Spot Bitcoin ETF, could this news push token prices higher?

Shiba Inu, Dogecoin Join BitTrade: Will These Meme Coins See A Bull Run?

Bitcoin

Ether

The burn rate of Shiba Inu (CRYPTO: SHIB) has experienced an incredible surge of over 270% within the past 24 hours. Over the course of this period, a whopping 48 million SHIB tokens were burnt and permanently removed from circulation.

Swiftie Lift For Shiba Inu? SHIB Burn Rate Rockets 270% As 'Eras Tour' Accepts Meme Crypto Alongside Bitcoin, Ethereum, Dogecoin Payments

Data reveals that the meme coin market has diminished by over $3 billion in value since the dawn of 2023. The leading meme coin by market cap, dogecoin (DOGE), saw a decrease of $2.46 billion from January onwards. Concurrently, shiba inu (SHIB) experienced a drop of approximately $1.22 billion over the previous nine months.

Meme Coin Market Plummets $3.2 Billion in 2023: Dogecoin and Shiba Inu Lead Declines

Saturday saw shiba inu climb to its highest point since Monday, as bulls made a slight return to the market. The meme coin rose by as much as 4% on Saturday, as the global crypto market cap made gradual gains to start the weekend. Solana was another notable mover, climbing above the $22.00 zone.

Biggest Movers: SHIB Hits 6-Day High to Start the Weekend

Cryptocurrency analysts of Coinidol.com report, the price of Shiba Inu (SHIB) is bearish and has already reached the expected decline.

Shiba Inu Revises Low Of $0.00000645 And Is About To Rise Again

New data reveals deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of digital assets, including Bitcoin (BTC) and Ethereum (ETH).

Whales Abruptly Move $749,000,000 in Bitcoin, Ethereum, XRP and Shiba Inu – Here's Where the Crypto Is Heading

Tickets to the record-shattering Taylor Swift concert film can also be bought with ETH, XRP, and more via AMC and BitPay.

You Can Buy Taylor Swift Movie Tickets With Bitcoin, Dogecoin, and SHIB

The burn rate of Shiba Inu (CRYPTO: SHIB), a popular meme cryptocurrency, has surged by 100% over the past 24 hours, permanently removing a staggering 44 million SHIB tokens from circulation. What Happened: The surge in burn rate coincides with a significant milestone achieved by SHIB's newly launched layer-2 blockchain solution, Shibarium.

Shiba Inu Burn Rate Spikes 100% In A Single Day As Shibarium Blocks Surpasses 1M Milestone

Shiba inu was a notable mover on Monday, as the meme coin fell by as much as 5% to start the week. Today's decline comes as traders moved away from high-risk assets, in favor of safe-havens like gold. XRP also dropped in today's session, hitting a three-week low in the process.

Biggest Movers: SHIB Hits 4-Month Low, as Red Wave Washes Over Crypto

Sushi Swap

On-chain activity suggests Ethereum (ETH) and two altcoins could be primed for short-term price rallies, according to the crypto analytics firm Santiment. Santiment notes that ETH, Shiba Inu (SHIB) and SushiSwap (SUSHI) traders displayed “mild signs of panic” on Thursday.

On-Chain Activity Hints at Short-Term Rebound Opportunities for Ethereum and Two Altcoins: Santiment

The latest price analysis by Coinidol.com report, the price of Shiba Inu (SHIB) has fallen even further since the rally on October 2.

Shiba Inu Falls Sharply And Targets $0.00000635

Bad Idea AI (CRYPTO: BAD) has experienced a surge of 40% in the past 24 hours, outshining top meme cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE). What Happened: The latest news from Shiba Inu indicates that the lead developer, Shytoshi Kusama, has unveiled an intriguing AI (Artificial Intelligence) initiative.

SHIB's 'Secret' AI Venture Pushes 'Bad Idea' Up 40% In A Single Day — What's Happening

A deep-pocketed Shiba Inu (SHIB) trader is suddenly moving trillions of SHIB out of a Netherlands-based crypto exchange platform. New data from whale-surveying platform Whale Alert reveals that the Shiba Inu whale has shifted 4,584,530,677,374 SHIB, worth about $33 million, out of Bitvavo and into an unknown wallet.

Shiba Inu Whale Abruptly Moves 4,584,530,677,374 in SHIB – Here's Where the Crypto's Headed

The burn rate of Shiba Inu (CRYPTO: SHIB) has experienced a spike of over 75% within the last 24 hours. In this timeframe, a staggering 49 million SHIB tokens have been permanently removed from circulation, data from Shibburn shows.

Shiba Inu Burn Rate Skyrockets Over 75% While SHIB Remains Trapped In Price Range

Dogecoin was a notable mover on Tuesday, as the meme coin extended recent declines after a failed move beyond a key resistance level. The drops came as the wider crypto market cap also slipped. It is trading 2.87% lower as of writing. Shiba inu also edged lower in today's session.

Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session

In a tale of missed opportunity, a man expressed deep regret after selling off all his 5 trillion Shiba Inu (CRYPTO: SHIB) tokens in 2020, missing out on a potential windfall of $28 million. What Happened: The man's decision came back to haunt him as the ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu, soared to new heights in 2021.

Crypto Regret: Trader Misses Out On $28M Windfall By Cashing Out Shiba Inu In 2020 At 'Same F***ing Price' As Purchase

Shiba Inu (CRYPTO: SHIB), a meme-based cryptocurrency, plunged 4% in value within the last 24 hours. This decline came as a result of a significant drop in the SHIB burn rate, with only 21 million tokens being burned during this period.

Shiba Inu Burn Rate Decline Spurs 4% Plunge, Longs In Distress

A 35-year-old former supermarket warehouse manager, Rob, achieved early retirement thanks to a remarkable turn of events involving his $8,000 investment in the meme cryptocurrency Dogecoin (CRYPTO: DOGE) killer Shiba Inu (CRYPTO: SHIB). What Happened: Seeking to improve his family's quality of life, Rob told Fortune that he ventured into the world of meme cryptocurrencies in 2021, ultimately stumbling upon the promising yet obscure Shiba Inu coin, which had been founded in August 2020.

Warehouse Manager Retires After $8K Shiba Inu Bet Reaps Him $500K — What If He Had Held On To SHIB?

In September, over 2.3 billion Shiba Inu (CRYPTO: SHIB) tokens, valued at $17,173, were permanently removed from circulation, according to Shibburn data. What Happened: This is a decrease from August when 5.7 billion SHIB, worth $45,899, were burned.

Shiba Inu Massive Burn: Over 2.3B SHIB Tokens Vanish Into Thin Air In September

In a tweet on X (formerly Twitter), Elon Musk, the CEO of Tesla, once again sent Dogecoin (CRYPTO: DOGE) and other meme-related cryptocurrencies booming. What Happened: Musk took a jab at the media by tweeting an image followed by the caption, “Dogs rock.

Elon Musk's 'Dogs Rock' Swipe At Media Sends Canine-Themed Meme Coins Soaring

What a whirlwind of a week in the world of cryptocurrencies! From the sensational surge in SHIB burn rate to ponderings on the future of Bitcoin, it was all happening.

Crypto This Week: Shiba Inu Burn Rate, Rags To Riches Story, Robert Kiyosaki On Bitcoin's Future And More

The price of Shiba Inu (SHIB) is capped between the price levels of $0.00000690 and $0.00000760, but has held steady above the support level of $0.00000720. Shiba Inu price analysis by Coinidol.com.

News for Shiba Inu Crypto (SHIB)