Cryptocurrency analyst Zach Humphries predicts a five- to six-fold price increase for Shiba Inu (SHIB), citing market dynamics and the potential growth of Ethereum. On-chain data shows a significant increase in SHIB held by large investors, suggesting decreased selling pressure. While the current price shows a minor drop, the prediction indicates a bullish outlook for the meme coin.
Shiba Inu, the popular meme coin, experienced a significant price surge exceeding 10% in 24 hours, fueled by a broader market rally and a bullish prediction from analyst JAVON MARKS. Technical indicators support the upward trend, but on-chain data reveals increased bearish bets by derivatives traders.
This week’s cryptocurrency market was a whirlwind of activity. XRP experienced a parabolic uptrend fueled by ETF applications and whale activity, while Shiba Inu burned 53 million coins. Fed Chair Powell compared Bitcoin to gold, and a US Congressman’s meme coin investment added to the excitement. NYC Mayor Adams also celebrated Bitcoin’s price rise.
Shiba Inu (SHIB) is experiencing a significant price increase driven by a soaring burn rate, increased whale transactions, and positive market sentiment. Experts predict further bullish movement, while on-chain data supports a strong outlook for the meme coin.
Shytoshi Kusama, the pseudonymous lead of the Shiba Inu ecosystem, publicly distanced themselves from the HAWK coin, a controversial meme coin launched by influencer Hailey Welch. Kusama revealed an unsolicited offer to promote HAWK was rejected, although an airdrop to the SHIB community was accepted. However, Kusama strongly condemned the project’s subsequent ‘pump and dump’ scheme, advising the community to avoid it.
The BRETT meme coin experienced a remarkable 17% weekly surge, surpassing the performance of Dogecoin and Shiba Inu. This unprecedented growth, fueled by anticipation of a major exchange listing, propelled BRETT to a $2 billion market cap. Experts analyze the factors contributing to this meteoric rise and discuss the potential impact of future listings.
Shiba Inu (SHIB) has surged to an eight-month high, fueled by a broader meme coin rally and a massive increase in its weekly burn rate. This, coupled with increased whale accumulation, has investors buzzing. While other meme coins show mixed performance, SHIB leads the pack, highlighting the volatile yet potentially lucrative nature of this market segment.
Shiba Inu’s weekly burn rate has skyrocketed by 7,400%, with over 2 billion tokens destroyed. This massive burn, coupled with Shibarium bridge restoration and ongoing burn contract upgrades, fuels renewed optimism for SHIB’s price potential and attracts increased whale accumulation.
Dog-themed meme coins are on the rise, with Bonk and Floki leading the pack. Bonk, a Solana-based token, saw a 30% surge in the past 24 hours, while Floki, an Ethereum-based token inspired by Elon Musk’s Shiba Inu, gained over 7%. These gains dwarfed those of Dogecoin and Shiba Inu, highlighting a potential shift in the meme coin market.
Shiba Inu (SHIB) has surged over 67% in the past week, fueled by excitement over Donald Trump’s presidential win and the potential for pro-crypto policies. The surge coincides with Bitcoin reaching a new all-time high of $82,300, further boosting the crypto market’s momentum. This article explores the factors driving SHIB’s rise, including Trump’s pro-Bitcoin stance and the potential impact on the broader crypto market.
