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Shiba Inu (SHIB) has had a lackluster year in 2023. While other crypto assets such as Bitcoin (BTC) and Solana (SOL) are up by over 100% since January 2023, SHIB is down by about 3%. Even after the highly anticipated Shibarium launch, the memecoin’s price did not pump much. Although the token picked up some steam in October, it has not managed to break the resistance level of $0.000008. Also Read: Shiba Inu: $1000 in 2020, Is Worth $7.5 Million in November 2023 However, many are hopeful that Shiba Inu (SHIB) will pick up the pace in 2024. Many market analysts anticipate another crypto market bull run early next year, and SHIB could touch new highs if that were to happen. However, will the memecoin achieve its “1-cent dream”? Let’s find out. Can Shiba Inu reach $0.01 in 2024? Source – Outlook If SHIB reaches a price of $0.01, its market cap will skyrocket to around $5.89 trillion, as there are 589 trillion SHIB tokens in circulation. This figure ...

Shiba Inu’s token burn process has taken an interesting turn, with Shibburn, the community-driven burn tracker. It confirms that burns occurring outside of Layer-1 will not have an impact on SHIB’s overall supply. This revelation came following the inaugural token burn on Shibarium, Shiba Inu’s Layer-2 network. This was conducted by Shib CoOp, a community-driven Metaverse real estate project. The firm went on to cause the destruction of 97 million SHIB tokens. Another first on #Shibarium. @ShibCoOp 1st to Burn $SHIB on Shibarium. 97 Million 🔥🔥🔥 Wondering when @Shibburn will be able to track these burn transactions? pic.twitter.com/5za15ZtFkY — Shib CoOp – Land Community & Builders (@ShibCoOp) October 18, 2023 This event marked a significant milestone for Shibarium, prompting inquiries about how such burns would be tracked. The Shib CoOp team sought information on when Shibburn would begin monitoring burns of this nature. ...

Shiba Inu made its debut as ‘Dogecoin Killer.’ Right since its initial days, it managed to captivate investors with its meme-inspired branding, accessible price and the potential for explosive growth. Those who ventured into the market and consistently invested in the meme coin fetched significant returns. In this article, we will explore the state of investors who invested $100 in SHIB every month since Sept. 28, 2020. The astounding return today sits at an astonishing $30.8 million. This remarkable return on investment has thrust SHIB into the spotlight, garnering the interest of both newcomers and experienced investors. Also Read: Shiba Inu To Reach 1 Cent?: These 2 Factors Could Send SHIB to $0.01 The Strength of Consistency Shiba Inu’s trajectory in the crypto currency landscape has been truly remarkable. Initially introduced as a lighthearted and meme-inspired digital currency, SHIB swiftly gained momentum. The project’s founder, who goes by the...

Shiba Inu rose in popularity shortly after its launch. The asset was launched into the crypto market three years ago. In Q4 2021, the asset reached its peak. Despite being in a bear market currently, SHIB’s aggregate valuation is currently greater than $4 billion. In fact, the token ranks higher than other prominent tokens like Uniswap, Avalanche, and VeChain. Also Read: Shiba Inu: How Much ‘Percent’ Must SHIB Rise to Reach $1? Shiba Inu’s Value Inflation SHIB was trading at $0.000000000510 around its launch period. It then halved in value and added a couple of zeros by the end of 2020. Thus, if an investor diverted $1000 into SHIB during its early days, the value of the investment would have first shrunk to $550.98 and then straight away dropped to $1.96. However, 2021’s bull run changed the asset’s fate. The investment blew up to $19,606 and then claimed $98,000 in Q1. In May, it rose to $17.25 million. In early October, when SHIB was on its way to sc...

Shibarium, the layer-2 blockchain system associated with Shiba Inu, emerged prominently onto the scene last month with a clear mission. It seeks to redefine Shiba Inu’s reputation, moving beyond its meme coin status. In pursuit of this transformation, Shibarium presents a diverse array of functionalities. Its core objective revolves around providing remarkably low transaction fees, making it an appealing option for businesses of varying sizes, from small enterprises to larger corporations. Also Read: Shiba Inu: If Shibarium Burns 100T Tokens, Will It Reach $0.01 Soon? Source: thecoinrepublic.com Here’s why Shibarium will be a favorite among small businesses Cost Savings : Shibarium’s remarkably low fees offer a significant cost-saving opportunity for businesses. This financial relief is particularly beneficial for small enterprises that often operate with tight budgets. Scalability : Shibarium has been meticulously engineered to be highly scalable. This means it...

Shytoshi Kusama, the co-founder of the SHIB token, said the bridge was fixed with the help of Polygon Labs co-founder Sandeep Nailwal. Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB) has surpassed 100,000 wallet s on its platform with 35,000 coming within 24 hours of Shibarium's relaunch on Aug. 28. Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, confirmed Shibarium was back up and running in an Aug. 28 blog post. At the time, Kusama noted that Shibarium tallied 65,000 wallet s across 350,000 transactions — however, those figures have rocketed upwards since, respectively increasing 55.8% and 20.2%, according to Shiariumscan.io. Shibarium’s block explorer shows that 101,277 wallets have now facilitated 420,897 transactions across 344,614 blocks, with an average block time of 5 seconds. The number of wallet addresses increased from 65,000 to over 100,000 within 24 hours of Shibarium re-opening. Source: Shiariumscan.io In a statement, Kusama said the relaun...

Shiba Inu’s price has been steadily recovering. From its May lows, the asset’s valuation is up by 66%. Even though the past few days have been bearish for the asset, the uptrend is still intact on the weekly timeframe chart. SHIB/USDT by TradingView Also Read: Shiba Inu: Shytoshi Kusama Unveils Shib SSI Launch Details, Here’s When SHIB’s Zero Deletion Quest At press time, Shiba Inu was trading at $0.0000898. With an 11.35% increase, SHIB will be able to knock out one zero and trade at $0.00001. In fact, last week, the asset was trading around the said level. However, for SHIB to delete two zeros and trade at $0.0001, it will have to pump by 1013.586% from the current level. SHIB has rallied hard during bull run phases in the past. In H2 2021, it initiated a four-digit percentage pump. This feat keeps the expectation door open for SHIB to similarly rally under bullish conditions in the future. From the current price, if two zeros are just like that knocked ...

The 1 cent dream is alive and kicking as investors may become millionaires when Shiba Inu reaches the $0.01 mark. The majority of investors are long-term holders and don’t mind staying invested for years or decades to reach the desired goal. If SHIB hits the $0.01 milestone someday, the life of present-day investors could take a positive turn. People might live a financially free life and pat themselves on the back for being a part of the token. Also Read: Shiba Inu: Here’s When SHIB Could Reach $0.50 or $1 However, the million-dollar question which remains unanswered in the SHIB community is ‘When will Shiba Inu reach $0.01?’ The question is plaguing holders since 2020 and no cryptocurrency analyst has given a concrete answer. Even if analysts predict a specified year, it should be taken with a grain of salt as the markets are volatile. Therefore, price predictions fall flat and only ‘time and patience’ are the perfect answer to the question. ...

Shiba Inu, the second largest meme coin , has established itself as a prominent presence in the cryptocurrency world. The team behind SHIB has consistently demonstrated their commitment to its development, as evidenced by initiatives like the Shiba Inu Burn program. Also read: Russia to Use Crypto Exchanges to Settle Cross-Border Transactions The Shiba Inu burn rate has gained a reputation for its fluctuating nature. Some days witness substantial increases, while others see a decline. Despite this variability, the burn rate has remained relatively steady in recent days, with billions of SHIB tokens being burned daily. Notably, there has been a 37541% spike in the burn rate in the last 24 hours. Source: Shibburn Over 3.8 billion Shiba Inu burned According to the details from Shibburn, the burn rate has soared by over 37541% in the last 24 hours. During this period, 3.82 billion SHIB were sent to dead wallets. One notable transaction that happened 21 hours ago sent 200 mil...

According to the data on Puppyscan, the number of wallets for Shiba Inu’s (SHIB) Shibarium testnet has surpassed 14 million. At press time, the number of wallets on Puppynet stands at 14.06 million. However, it should be noted that the increase in new wallets has significantly decreased in the last couple of days. Since Thursday, only 100,000 new wallets were created. Source: puppyscan.shib.io The decrease is likely due to the fact that the initial spike in new wallets was because of a script to stress test the Shibarium network. The stress test script is responsible for creating about 9 million wallets. Nonetheless, Shiba Inu’s upcoming network has reached a new all-time high in regard to wallet addresses. Shiba Inu adoption to increase with new listings and partnerships? Recently, Binance said that it has partnered with an international payment company called IvendPay. According to the statement, the collaboration would allow Binance Pay users to make purchases from IvendPay’s g...

Despite the dreadful bear market, cryptocurrency networks have focused on the developmental side of things over the past year. The Shiba Inu [SHIB] network finally released the beta version of Shibarium after months of delay. It looks like the building never stops in the Shiba Inu ecosystem as the network is working on ShibaSwap 2.0. ShibaSwap is a decentralized exchange [DEX] that was rolled out back in July 2021. It rose to fame for laying its focus on trading assets like SHIB, LEASH, and BONE. The network seemed to be trying to expand as Shytoshi Kusama, the lead developer of SHIB hinted at the launch of ShibaSwap 2.0. In a recent Telegram message, Shytoshi wrote, “ ShibaSwap 2.0 is coming. Ignore anything that says otherwise.” Although specifics regarding ShibaSwap 2.0 have yet to be revealed, the community anticipates a number of upgrades and innovations. Advanced security, better transaction speeds, and broader token support might be among them. Breaking new...

Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.” Ethereum co-founder Vitalik Buterin's latest salvo against “ shitcoin s” has ended up with him simply being sent more of it. Only days ago, the Ethereum developer made moves to sell over $700,000 of tokens previously airdropped to him, causing the price of these tokens to fall.  Buterin has since continued his war on apparent “shitcoins.” In a Mar. 9 post on a small subreddit, Buterin labeled crypto token Bite (BITE) and most of the other coins discussed on the r/Testingtesting62831 subreddit were “shitcoins” which have “no redeeming cultural or moral value, and will probably lose you most of the money you put into them.” Vitalik Buterin's full post on the Testingtesting62831 subreddit. Source: Reddit BITE was one of the tokens Buterin sold in his shitcoin selling spree on Mar. 7, selling 3.4 million BITE for around $9,250, according to PeckShield. “I anti-endorse these projects to the greatest ext...

A mysterious Binance-affiliated address transfers 1.62 trillion Shiba Inu tokens worth $21 million to an unknown wallet address. The transfers occurred in the early hours of Friday and initiated the first four fund movement in less than 10 minutes. The Binance account continued the transfer spree hours later moving the tokens to a private wallet address. Also Read: Shiba Inu: 2 Investors Make $9 Million With a $7,900 Investment Shiba Inu: Binance Wallet Transactions Source: Twitter The reason for moving trillions of SHIB tokens to an unknown wallet address remains to be unknown. The first four transactions were initiated and completed in less than 10 minutes. Here’s how the Binance wallet moved the tokens: First transaction: The Binance-affiliated address moved 499,999,668,400 SHIB tokens worth $6.4 million to an unidentified wallet. Second transaction: The address moved the same amount as the first transaction. Third transaction: The address moved 126.1 billion SHI...

Shiba Eternity is among the Shiba Inu team’s most well-known releases. The Game reached milestones a short time after its debut. The Game debuted on the Apple Store’s top-20 Game s list the very first day it was available, according to some earlier reports. Within a week of its release, the Game had over 100,000 downloads, breaking all previous records. Shiba Eternity climbed to the top ten Game s list on November 16, 2022, according to data from the Apple App Store. The project team has also been diligently tracking and resolving bugs to guarantee the most seamless Game play possible. Read more: Google Under Scrutiny as US Government Files Antitrust Lawsuit According to the details shared by Twitter user, Mazrael, Shiba Eternity has dropped a new patch with a few updates. #ShibaEternity #SHIBARMY New patch dropped 🧐 Notes here! pic.twitter.com/QxNNbifDcU — Mazrael (@Materocks) January 24, 2023 Shiba Eternity’s new patch comes with major...

Shiba Inu (SHIB) is one of the most popular and successful crypto projects. The canine-themed crypto has witnessed returns of around 11430362.4% since its inception in 2020. Nonetheless, some users are eagerly waiting for the token to hit $1 someday. However, there are several aspects to consider before such a price point pans out. Several barriers may hinder the token’s pursuit of $1. Shiba Inu (SHIB), like any other memecoin, relies heavily on social media for its growth and popularity. The lack of use cases is compensated by social sentiment. Other major crypto projects, such as Ethereum (ETH), have several use cases which make adoption easier. That said, SHIB is very close to launching its layer-2 network called Shibarium. However, the capability of the upcoming network is yet to be seen. Moreover, most SHIB tokens are held in the hands of a few whales. This makes SHIB very prone to a sell-off. If the whales were to dump their holdings, SHIB’s price would take a massi...

A machine-learning algorithm has given out a Shiba Inu price prediction for January 31, 2023. The forecast indicates that SHIB will not delete a ‘zero’ this month and will remain in the indices with five ‘zeroes’. Therefore, the dog-themed token could dip in price in the next three weeks, as per the algorithmic price prediction. Shiba Inu is currently trading lower and is down nearly 10% in the last 30 trading days. The bear markets are pulling SHIB down and the dog-themed token is unable to delete a ‘zero’ for the last two months. Also Read: Shiba Inu: Shibarium Codes Finally Go Public on GitHub Shiba Inu: What Could Its Price Be on January 31? ‘Price Predictions‘, is a machine learning and algorithm-based price indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands(BB), and others indicat...