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The Shiba Inu network is setting its sights on a significant milestone in the world of crypto currencies: the eradication of a decimal point. In crypto lingo, “eliminating a zero” is the term used when a coin’s price increases tenfold, effectively shifting its decimal point to the right. While this journey may be lengthy, it is by no means unattainable, and the SHIB community is abuzz with anticipation. With Shiba Inu’s (SHIB) current price standing at $0.00000793, the community is optimistic about SHIB’s prospects for destroying another zero from its price point. To accomplish this feat and breach the $0.00001 level, SHIB would need to achieve a gain of roughly 25.5%. Notably, the last time SHIB traded above the $0.000001 mark was back in August, as per Binance’s data. Source Amidst this development, the SHIB market saw a recent decrease in trading volume. While some may find this worrisome, others interpret it as a positive signal. Reduced tra...

Shiba Inu (SHIB) team member Vet Kusama recently took to X and explained the need for the Shi stablecoin. According to the post, Shi is a part of the Shiba ecosystem and will serve as a stablecoin for the Shibarium blockchain. Kusama highlights that SHIB creator Ryoshi spoke about Shi but did not explain its purpose. Kusama explains that stablecoins play a vital role in projects with dedicated blockchains. It also helps purchase other digital assets while keeping customer funds locked to a fiat currency. Kusama cites BSC’s BUSD as an example. Also Read: Can Shiba Inu Delete a Zero by Halloween 2023? Ok. What is Shi? Shi is part of the shiba ecosystem that will serve as a stablecoin in the shibarium chain. In article Ryoshi talked about Shi, although not technically, what Shi's purpose was. So why do we need a stablecoin? Stable currencies play a major role in projects… pic.twitter.com/JPoB2d1Oux — Vet KUSAMA ™ (@vetkusama) October 19, 2023 Kusama a...

Shiba Inu (SHIB) fans and investors have long held the goal of taking the asset’s price to the “one-cent dream.” The popular dog-themed crypto has seen a growth of many million percentage points between its launch and reaching its peak in 2021. Although the token has been on a downward trajectory since then, many believe it still has a lot to offer. If SHIB were to reach $0.01, an investor would need 100,000,000 tokens to be a millionaire. The price of 100 million tokens right now is about $736. The growth would represent a rise of 135769.57%. If SHIB were to reach a price of $0.1, the same 100 million tokens would be worth $10 million. Also Read: Shiba Inu’s Astounding October Performance: Will History Repeat? Now, reaching a price of $0.01 is a long journey for Shiba Inu (SHIB). However, it can be argued that it is not entirely impossible for the project to achieve this feat. How can Shiba Inu reach $0.01? Source: Reddit This has been said many ti...

The Shiba Inu [SHIB] ecosystem has witnessed growing adoption, yet its price has remained stagnant. As September offered little volatility, expectations point to a potentially turbulent October. At press time, SHIB is trading at $0.000007254, experiencing a daily decline of 0.11%. Furthermore, the asset’s market capitalization has fallen to $4.27 billion. Consequently, this shift in market dynamics has enabled other assets, such as Chainlink [LINK], to surpass SHIB in terms of ranking. Evidently, the introduction of Shibarium did not have a favorable impact on the meme coin. Presently, approximately 89% of the asset’s holders find themselves in a loss position. A mere 9% of SHIB’s holders are seeing gains at the current asset price. Nonetheless, is October poised to be a favorable month for SHIB, and is there potential for the token’s price to surge from its current position? In this article, we will explore the potential trading range for Shiba Inu in October...

Not many investors were eager to purchase Dogecoin when it was trading below the $0.01 mark between 2013 and 2020. When DOGE hit 1 cent in early 2021, a flurry of new and first-time investors entered the markets, making its price go further up in the indices. DOGE went from $0.01 to $0.73 in less than six months during that period. Similarly, Shiba Inu has chances of zooming in price after it reaches the $0.01 mark despite sell-offs. Also Read: Shiba Inu: What’s the First Thing You’ll Do When SHIB Reaches $0.01? When SHIB crosses 1 cent, another batch of new and first-time investors could enter the markets due to the frenzy in the news that ‘investors turned millionaires’, similar to Dogecoin’s story. In this article, we will highlight a price prediction on when Shiba Inu could reach the $0.05 milestone. Shiba Inu: When Could SHIB Reach $0.05 (5 Cents)? Source: Instagram / Nickelpack / Kenta Hayashi Shiba Inu is close to deleting its fifth ‘zero...

Bitcoin remains stuck in a tight range, but select altcoins such as SHIB, UNI, OKB and HBAR are attracting buyers. Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually followed by an increase in volatility .  Although it is difficult to predict the direction of the breakout with certainty, some analysts point to the Bitcoin whales increasing their exposure as a positive sign. On-chain analyst Cole Garner believes the bull move could continue till September when the summer seasonality kicks in and the shakeout happens. Crypto market data daily view. Source: Coin360 Bitcoin rose sharply in the first few months of the year but the major altcoins struggled to keep pace. That could change as the current consolidation in the largest cryptocurrency is giv...

According to Shiba Inu-focused Twitter page “SHIB Bezos,” the project’s layer-2 network, Shibarium, will burn 5 trillion tokens every month. While fans and investors eagerly await the highly anticipated layer-2, many are speculating on how the network will deal with token burns. $SHIB BREAKING NEWS 5 Trillion Monthly Burns Projected as Shiba Inu Team Unveils How Shibarium Will Increase SHIB Burns#Shibarium 🟰 $SHIB Millionaires 2023 Will Be The Start of $SHIB Epic Bull Run‼️ Retweet If U Think #Shibarium Will Push $SHIB To $1~$10‼️#SHIBARMYSTRONG pic.twitter.com/z0Xd9cvnc2 — SHIB Bezos (@BezosCrypto) July 17, 2023 Shiba Inu’s (SHIB) current burn mechanism, although slowly reducing the supply, has seldom led to positive price movements. However, many expect Shibarium to take token burns to the next level. Nonetheless, we still do not have an exact launch date for the release. SHIB lead developer Shytoshi Kusa...

According to IntoTheBlock’s Global In/Out of Money indicator data, Shiba Inu (SHIB) is currently trading at levels where 24 trillion tokens were purchased. The popular crypto may face increased selling pressure if its price falls below current figures. According to IntoTheBlock, 85% of SHIB holders are sitting on losses, with only 11% in the money. SHIB’s current predicament could prove fatal as the asset has struggled to surpass the $0.000008 price point. Moreover, if we add the possibility of volatility from the U.S. CPI (consumer price index) data, SHIB could see a significant increase in sell pressure. Also Read: Shiba Inu: Shibarium Gas Token Rallies 83% Ahead of Launch This is why the upcoming Shibarium launch is of the utmost importance for Shiba Inu (SHIB) bulls. If the team misses the August deadline, SHIB prices could take a turn for the worse. Moreover, the layer-2 network launch is the only significant development for the project at the moment. Alth...

Approximately 68.3 billion LUNC tokens have been burned so far, accounting for approximately 0.99% of the total token supply. Of this burned amount, 44.8 billion LUNC tokens have recently been sent to the burning address. Restore the digital currency’s reputation Luna Classic HQ has announced that 68,303,850,914 tokens were burnt, representing 0.99% of the total supply, and of this amount, 44,789,088,501 has been sent to the burning address. The update comes as part of the decision to burn all Terra Classic token s from the community pool and the token s that were reminted via Binance’s LUNC burn wallet. The main goal of the decision is to burn enough Terra Classic token s to restore the digital currency’s reputation after it became disconnected from its linked algorithmic stablecoin USTC. $LUNC BURN UPDATE We’re getting close to 70Billion LUNC BURN Hold #LuncArmy pic.twitter.com/ACeagflUSQ — LunaClassic HQ (@LunaClassicHQ) July 10, 2023 Binance has a...

Shiba Inu (SHIB) has been on a downward trajectory for most of 2023. The popular dog-themed memecoin reached its highest point in February but it has undergone significant corrections after. Although the crypto markets are capitalizing on BlockRock’s Spot Bitcoin ETF filing, SHIB investors have been unable to do the same. However, the lower prices present an opportunity for new investors to become SHIB millionaires. SHIB is currently trading at $0.00000773. Therefore, to purchase one million Shiba Inu (SHIB) tokens, an investor would only need $7.73. When SHIB was at its all-time high of $0.00008845, one would have needed $88.45. However, the asset is down by a whopping 91.01% from those levels. A million SHIB could end up being a lucrative investment as the project has a host of updates lined up for 2023. There is a chance that Shiba Inu (SHIB) could see a rally when it launches its layer-2 network, Shibarium. Moreover, the project is also working on its metaverse initiative a...

Shiba Inu’s (SHIB) burn mechanism has been slowly reducing the token’s circulating supply in an attempt to push up prices. However, the burns have seldom led to significant price movements. This is particularly due to the large number of SHIB tokens in circulation. According to Shibburn, 1 billion SHIB tokens were burned in June. This amounts to a decline of about 89% in burns from May to June. Nonetheless, with the launch of the project’s layer-2 network, Shibarium, burns might increase substantially. According to some members, Shibarium could increase its burn capacity to trillions each month. One user even said that the network could push burns up to around 20 trillion per month. With luck I think we could burn 20T a month that would be great, but we gotta wait….maybe 5T a month and that's all — Pepito (@kukitorc151) June 30, 2023 Also Read: Shiba Inu: How Many ‘Zeroes’ SHIB Deleted From July 2022 to 2023? According to cer...

Despite the stagnant position of the meme coin, IntoTheBlock has shown that Shiba Inu investors have broken through a key resistance level as bulls absorb 7 trillion SHIB. Indeed, the data was noted from the firm’s In/ Out of the Money indicator. Yet, what does this mean for the trajectory of the asset? The change now suggests that investors may be preparing to propel the asset upward. However, there does remain another resistance within the indicator of around 9 trillion SHIB. If bulls could break through, the sentiment of the asset could switch with them.  Source: Mid-Day Also Read: Shiba Inu: When Will SHIB Lose Another Zero? Shiba Inu Bulls Break Through Stagnation The mee coin industry has experienced a lot of volatility in recent weeks. Indeed, it has seen its price stay rather unmoving, with investors standing strong in what has been a rather unsettling time. Yet, it appears as though the tides could be poised to change. According to U.Today, Shiba I...

The HKVAC index , unveiled by the Hong Kong Virtual Assets Consortium (HKVAC), adds XRP, SHIB and ADA to its list of recognized cryptocurrencies. This newly introduced index , which assesses 30 prominent digital assets, places significant emphasis on market capitalization as the primary criterion for evaluation. Top 30 on the index The Hong Kong Virtual Assets Consortium (HKVAC) introduced the index with the aim to provide investors and regulators with a dependable benchmark to assess the performance and risks associated with virtual assets. JUST IN: $SHIB & $XRP have been recognized in Hong Kong’s HKVAC Index! — Shiba Archives (@ShibaArchives) June 28, 2023 HKVAC’s official website reveals two versions of the index. The first version assigns weights to crypto assets based on their market capitalization, while the second version incorporates risk ratings into the weighting methodology. These variations offer different perspectives on the composition and evaluati...

Throughout the years, there have been numerous success stories related to the cryptocurrency industry. Many individuals have been able to witness significant growth in their investment portfolios by pouring small amounts of money into meme coins like Shiba Inu [SHIB]. However, with the recent decline in the market, the question arises whether it is still possible for people to become cryptocurrency millionaires. According to a new report from CoinGecko, an investor would need an average of $66,298.25 to become a millionaire by investing in meme coins. The report arrived at this conclusion by analyzing the price returns of ten different meme coins. It is important to note that investment requirements for individual meme coins are likely to vary. Additionally, the amount needed to become a millionaire may differ for each asset. For instance, to reach $1 million by investing in Shiba Inu, an investor should make an investment of $11.87. However, it is important to remember that the r...