Tag: Crypto

Shiba Inu (SHIB) Marketing Lead Teases Collaboration with Shibacals for Potential Surge in Token Burns

Shiba Inu (SHIB), the popular meme cryptocurrency, is generating excitement in the crypto community with hints of a potential surge in token burns. Here’s what we know about this development:

  1. Marketing Lead’s Announcement

Lucie, the marketing specialist for the Shiba Inu ecosystem, recently revealed a collaboration with Shibacals, a project that uses blockchain technology to authenticate physical collectibles[1]. While specific details about the partnership were not disclosed, Lucie teased that they were “cooking up something special” and advised the community to prepare for an increase in burn rates[1].

  1. Recent Burn Rate Surge

The burn rate of Shiba Inu has already seen significant spikes recently:

  • In the last 24 hours, the burn rate surged by 1611.81%, with 17,695,347 SHIB tokens burned in 4 transactions[4].
  • Another report indicates that the burn rate skyrocketed by 3800% on July 2, 2024[7].
  1. Shiba Inu Burn Mechanism

The Shiba Inu burn mechanism is designed to gradually reduce the circulating supply of SHIB tokens over time[8]. This process involves sending tokens to specific “dead” wallets or addresses from which they can never be retrieved, effectively removing them from circulation[2]. The burn process is transparent and can be tracked on the Ethereum blockchain[8].

  1. Impact of Token Burns

Token burns can potentially impact the cryptocurrency in several ways:

  • Scarcity: By reducing the circulating supply, burns can create scarcity, which may increase the value of remaining tokens[8].
  • Price Dynamics: The reduced supply could potentially influence the token’s price, although this is not guaranteed[8].
  • Investor Sentiment: Burns often generate positive sentiment among investors, as they are seen as a way to potentially increase token value[8].
  1. Shiba Inu Burning Portal

The Shiba Inu ecosystem includes a burning portal called ShibBurn, which allows users to burn their SHIB tokens in exchange for rewards[8]. This portal has been integrated into ShibSwap and provides multiple addresses for burning tokens[8].

While these developments are generating excitement in the Shiba Inu community, it’s important to note that the impact of token burns on price and value is not guaranteed. Investors should always conduct their own research and consider the risks involved in cryptocurrency investments.

As the Shiba Inu team continues to work on new initiatives, the community eagerly awaits more details about the “special” project hinted at by the marketing lead.

Citations:
[1] https://www.benzinga.com/markets/cryptocurrency/24/07/39611818/shiba-inu-marketing-lead-hints-at-potential-surge-in-burns-cooking-up-something-special
[2] https://www.shibburn.com
[3] https://www.crypteye.io/burntracker/coins/shiba-inu
[4] https://thecryptobasic.com/2024/07/03/shiba-inu-burn-rate-surges-1600-details/
[5] https://shiba-burn-tracker.com
[6] https://www.reddit.com/r/SHIBArmy/comments/1ba7qux/13_billion_shiba_inu_coin_burned_just_now/
[7] https://coingape.com/shiba-inu-team-hints-major-development-boost-shib-burn/
[8] https://www.tokenmetrics.com/blog/shiba-inu-burn-rate
[9] https://www.forbesindia.com/article/crypto-made-easy/record-number-of-shib-burnt-in-a-single-retail-transaction/76481/1
[10] https://www.tronweekly.com/shiba-inus-optimistic-july-prediction-surge-63/
[11] https://cryptopotato.com/shiba-inu-shib-burn-rate-explodes-by-almost-600-details/
[12] https://tokenpost.com/Shiba-Inu-Community-Urges-Binance-and-Coinbase-for-1-Token-Burn-12102
[13] https://dailyhodl.com/2024/06/14/shib-marketing-lead-hints-at-unreleased-token-shares-update-on-upcoming-shiba-eternity-blockchain-game/
[14] https://lunu.io/news/shiba-inus-burn-rate-explodes-will-prices-skyrocket-next/
[15] https://coinpedia.org/sponsored/shiba-inu-ethereum-and-furrever-tokens-market-impact/

Recent SHIB Token Burn: Price Target Optimism and Expert Opinions

Based on the provided search results, I can offer an analysis of the recent Shiba Inu (SHIB) token burn and its potential impact on the price target. Here’s a comprehensive overview:

Recent SHIB Token Burn:

A significant SHIB token burn has recently occurred, with over 900 million SHIB tokens being destroyed in June 2024[1][2]. This burn represents a substantial reduction in the circulating supply of SHIB tokens, which could potentially impact the token’s value.

Current SHIB Price and Market Status:

As of July 1, 2024, SHIB is trading at approximately $0.00001735, showing a 3.67% increase in the last 24 hours[1]. The token’s current market cap stands at about $10.12 billion, ranking it 13th on CoinMarketCap[3].

Price Target Optimism:

The recent token burn has sparked optimism among SHIB investors regarding a potential price target of $0.00003[1][4]. This target represents a significant increase from the current price, nearly doubling the token’s value.

Factors Contributing to Price Optimism:

  1. Token Burns: The continuous burning of SHIB tokens reduces the circulating supply, potentially increasing scarcity and value[2].
  2. Market Sentiment: The cryptocurrency market has started July 2024 on a bullish note, with global valuations increasing by over 4%[5].
  3. Historical Performance: SHIB has shown significant price volatility in the past, with substantial gains recorded in short periods[9].
  4. Community Support: SHIB has a large and active community, which can contribute to increased adoption and demand[3].

Challenges and Considerations:

  1. Market Volatility: The cryptocurrency market, especially meme coins like SHIB, is known for high volatility[9].
  2. Competition: SHIB faces competition from other meme coins and established cryptocurrencies[6].
  3. Regulatory Environment: Changes in cryptocurrency regulations could impact SHIB’s price and adoption.

Expert Opinions:

Some analysts have made even more bullish predictions. For instance, one expert suggested that SHIB could potentially reach $0.003 if Bitcoin hits $150,000 in the upcoming bull run[10]. However, it’s important to note that such predictions are speculative and should be viewed with caution.

Conclusion:

While the recent 900 million SHIB token burn and overall market sentiment have sparked optimism about reaching the $0.00003 price target, investors should approach this prediction with caution. Cryptocurrency prices are influenced by numerous factors and can be highly volatile. As always, it’s crucial to conduct thorough research and consider your risk tolerance before making investment decisions.

Citations:
[1] https://coingape.com/shiba-inu-news-900m-shib-burn-sparks-optimism-over-0-00003-price-target-ahead/
[2] https://thecryptobasic.com/2024/07/01/unknown-wallet-burns-290m-shiba-inu-as-june-monthly-burn-surpasses-900m/
[3] https://coinmarketcap.com/currencies/shiba-inu/
[4] https://coinmarketcap.com/community/articles/668062ebb244f954c0291650/
[5] https://coinpedia.org/price-analysis/top-ethereum-based-tokens-to-buy-for-this-july/amp/
[6] https://www.coinbase.com/price/shiba-inu
[7] https://tokenpost.com/SHIB-Surges-in-Token-Burns-000003-Price-Target-Grows-Likely-11770
[8] https://coinpedia.org/news/bitcoins-rollercoaster-ride-in-q2-2024-analyzing-the-12-price-drop/amp/
[9] https://www.coindesk.com/price/shiba-inu/
[10] https://www.cryptonews.net/news/analytics/29284939/
[11] https://malaysia.news.yahoo.com/vitalik-buterin-burns-6b-shib-092057759.html
[12] https://www.coingecko.com/en/coins/shiba-inu
[13] https://watcher.guru/news/shiba-inu-may-end-price-prediction-can-shib-reclaim-0-00003
[14] https://coingape.com/binance-warns-of-delisting-these-tokens-price-drop-ahead/
[15] https://crypto.com/price/shiba-inu
[16] https://www.binance.com/en/price-prediction/shiba-inu
[17] https://bitcoinist.com/shiba-inu-burn-rate-shib-price/
[18] https://consent.yahoo.com/v2/collectConsent
[19] https://u.today/mysterious-whale-withdraws-1-million-in-shiba-inu-as-shib-price-targets-000003
[20] https://blockonomi.com/shiba-inus-shib-may-price-outlook-historical-data-suggests-potential-100-pump/

Analyzing the Impact of SHIB Futures Listing on Coinbase Derivatives Exchange

The potential listing of Shiba Inu (SHIB) futures contracts on Coinbase Derivatives Exchange could have several impacts on SHIB’s price, though the exact effects are difficult to predict with certainty. Here’s an analysis of how this development might influence SHIB’s price:

  1. Increased Liquidity and Trading Volume:
    Futures contracts typically increase liquidity and trading volume for an asset. This could lead to more price stability for SHIB in the long term, as increased liquidity often reduces volatility[6].
  2. Institutional Interest:
    The introduction of regulated futures contracts may attract more institutional investors to SHIB. This could potentially increase demand and drive up the price[6].
  3. Short-term Price Volatility:
    In the short term, the news of the futures listing could cause increased price volatility as traders speculate on the potential impact. This could lead to both upward and downward price movements[1].
  4. Market Sentiment:
    The listing on a major platform like Coinbase Derivatives could improve overall market sentiment towards SHIB, potentially leading to increased investor confidence and price appreciation[1].
  5. Price Discovery:
    Futures markets often contribute to more efficient price discovery. This could lead to SHIB’s price more accurately reflecting its market value[6].
  6. Potential for Price Increase:
    Some price predictions suggest that SHIB’s value could increase in the coming months. For example, one forecast indicates that SHIB could reach $0.00002780 by July 1, 2024, which would represent a 59.86% increase from its current price[1].
  7. Long-term Growth Potential:
    While short-term effects may vary, the introduction of futures contracts could contribute to SHIB’s long-term growth potential. Some predictions suggest that SHIB could reach an average price of $0.000042 by 2025[1].
  8. Market Dynamics:
    It’s important to note that SHIB’s price is influenced by various factors beyond just the futures listing. These include overall market trends, investor sentiment, and developments within the Shiba Inu ecosystem[2].

As of June 29, 2024, SHIB’s price is approximately $0.00001687, with a market cap of about $9.94 billion. While the futures listing could potentially drive price growth, it’s crucial for investors to conduct thorough research and consider the high volatility and risks associated with cryptocurrency investments, especially meme coins like SHIB.

Remember, cryptocurrency markets are highly unpredictable, and past performance or predictions do not guarantee future results. Always exercise caution and only invest what you can afford to lose.

Citations:
[1] https://changelly.com/blog/shiba-inu-price-prediction/
[2] https://www.coindesk.com/price/shiba-inu/
[3] https://www.coinbase.com/price/shiba-inu
[4] https://www.binance.com/en/price-prediction/shiba-inu
[5] https://www.forbes.com/advisor/au/investing/cryptocurrency/shiba-inu-price-prediction/
[6] https://cryptorank.io/news/feed/8ac68-coinbase-applies-to-list-shiba-inu-futures
[7] https://www.youtube.com/watch?v=8FixYKGAIHg
[8] https://www.kraken.com/prices/shiba-inu
[9] https://news.shib.io/2024/06/28/coinbase-boosts-shib-etf-prospects-with-shiba-inu-futures-filing-with-cftc/
[10] https://cryptoticker.io/en/shiba-inu-price-prediction-shib-price-crash-soon
[11] https://primexbt.com/for-traders/shiba-inu-price-prediction-forecast/
[12] https://bitcoinist.com/shiba-inu-gets-major-boost-from-coinbase-with-latest-cftc-filing/
[13] https://coingape.com/price-predictions/shiba-inu-shib-price-prediction/
[14] https://news.shib.io/2024/05/24/bullish-shiba-inu-soars-to-new-heights-with-upcoming-perpetual-futures-listing-by-renowned-crypto-etf-custodian/
[15] https://www.coinbase.com/blog/coinbase-derivatives-to-launch-new-cftc-regulated-crypto-derivatives
[16] https://www.benzinga.com/money/shiba-inu-price-prediction
[17] https://www.delta.exchange/futures-guide-shiba-inu
[18] https://coinstats.app/news/ea03911b06851725854e637c60c0af5f0a43a561cdcd6f1c13f9945f5eb84e87_Shiba-Inu-Coinbase-Listing-Could-Spark-Frenzy-Towards-101-Gains
[19] https://coincodex.com/crypto/shiba-inu/price-prediction/

Coinbase to Launch SHIB Futures Contracts: Impact on Cryptocurrency Market

Coinbase, one of the largest cryptocurrency exchanges in the United States, has recently announced plans to list Shiba Inu (SHIB) for futures contracts, along with several other altcoins. This development marks a significant expansion of Coinbase’s derivatives offerings and could potentially impact the cryptocurrency market. Here are the key details:

  1. Coinbase Derivatives Exchange, formerly known as FairX, has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to list regulated futures contracts for Shiba Inu (SHIB)[1][2][3].
  2. The proposed product is called “1k Shib Futures (SHB)” and is planned to be listed under a self-certification model[5].
  3. Coinbase Derivatives intends to launch trading for this product on July 15, 2024[5].
  4. The SHB Futures contract specifications include:
  • Contract size: 10 million SHIB
  • Minimum tick size: $0.00001 per token
  • Minimum tick value: $0.10 per contract
  • Position limit: 30,000 SHB Futures (equivalent to 300 billion SHIB tokens)[5]
  1. The contracts will be monthly cash-settled and margined[5].
  2. Final settlement prices will be based on the Market Vector Coinbase 1k Shib benchmark reference rate at 4:00 PM London time[5].
  3. Trading hours for the SHIB contract will be from 5:00 PM to 4:00 PM (CT), Sunday through Friday, with a trading break scheduled for Monday through Thursday from 04:00 PM to 05:00 PM (CT)[5].

In addition to Shiba Inu, Coinbase Derivatives has also submitted applications for futures contracts on four other altcoins:

  1. Stellar Lumen (XLM)
  2. Polkadot (DOT)
  3. Chainlink (LINK)
  4. Avalanche (AVAX)[5][6]

These new futures contracts are also expected to launch on July 15, 2024, alongside the SHIB futures[5][6].

The introduction of these new futures contracts is seen as a significant move by Coinbase to expand its derivatives offerings and provide more options for traders to manage risk, speculate on price movements, and invest with lower upfront capital requirements[6].

It’s worth noting that while this news has generated interest in the cryptocurrency community, it has not significantly impacted the prices of the involved tokens as of the announcement date[6]. As always, investors should conduct thorough research and consider the risks before making any investment decisions in the cryptocurrency market.

Citations:
[1] https://coinstats.app/news/ea03911b06851725854e637c60c0af5f0a43a561cdcd6f1c13f9945f5eb84e87_Shiba-Inu-Coinbase-Listing-Could-Spark-Frenzy-Towards-101-Gains
[2] https://coinmarketcap.com/community/articles/66804cb9d7ae9a73218766f7/
[3] https://bitcoinist.com/shiba-inu-gets-major-boost-from-coinbase-with-latest-cftc-filing/
[4] https://ground.news/article/coinbase-us-plans-to-list-shiba-inu-futures-and-4-other-altcoin-futures
[5] https://thecryptobasic.com/2024/06/29/regulated-futures-for-shiba-inu-filed-with-us-cftc-details/
[6] https://cryptoslate.com/coinbase-to-launch-cftc-regulated-futures-trading-for-5-altcoins/
[7] https://cryptoadventure.com/coinbase-reveals-futures-on-shib-ava-to-deepen-crypto-market-access/

Shiba Inu (SHIB) Price Rally: Undervaluation, Market Trends, and Technical Indicators

Shiba Inu (SHIB), a popular meme cryptocurrency, has recently been the subject of discussions regarding its potential for a major price rally. Several factors contribute to this sentiment, including its current undervaluation, market trends, and technical indicators.

Current Price and Market Status

As of June 29, 2024, the price of Shiba Inu is approximately $0.000017, with a market capitalization of around $9.94 billion[1]. The price has seen a slight dip of 1.23% over the past 24 hours, reflecting broader market trends[1]. Despite this, the overall sentiment around SHIB remains cautiously optimistic.

Price Predictions and Market Sentiment

Several sources provide varying price predictions for Shiba Inu:

  • Changelly predicts a 59.86% increase, potentially reaching $0.00002780 by June 30, 2024[2].
  • CoinMarketCap suggests that SHIB could stabilize above the $0.0000163 level, indicating a potential for a rally to $0.00003[7].
  • Coinpedia forecasts a price of $0.0000437 by 2025, with potential surges higher[9].

These predictions are supported by technical indicators and market sentiment. For instance, the Fear & Greed Index is currently neutral, and SHIB has shown a 12.61% increase over the past week, indicating strong potential for growth[2].

Technical Analysis

Technical analysis suggests that SHIB is currently in a neutral to bullish trend. The 50-day moving average is trending upwards, which could act as support for future price increases[6]. Additionally, the Relative Strength Index (RSI) is within the neutral zone, indicating no immediate bearish or bullish divergence[6].

Factors Contributing to Potential Rally

  1. Undervaluation: SHIB is considered undervalued at its current price, which could attract investors looking for growth opportunities[4].
  2. Market Trends: The broader cryptocurrency market, particularly meme coins, has shown resilience and potential for growth, driven by factors such as interest in Ethereum-based tokens and market sentiment[5].
  3. Community and Ecosystem: SHIB has a strong community and ecosystem, including the ShibaSwap decentralized exchange and various tokens like BONE and LEASH, which provide additional utility and incentives for holding SHIB[8].

Conclusion

While the current price of Shiba Inu reflects a slight dip, the overall market sentiment and technical indicators suggest potential for a significant price rally. Investors should consider the various factors contributing to SHIB’s undervaluation and the broader market trends when making investment decisions. As always, it’s essential to conduct thorough research and consider the inherent volatility of cryptocurrency markets.

Citations:
[1] https://cryptonews.net/news/altcoins/29338033/
[2] https://changelly.com/blog/shiba-inu-price-prediction/
[3] https://coindcx.com/blog/price-predictions/shiba-inu-price-weekly/
[4] https://u.today/shiba-inu-epic-comeback-indicators-point-to-possible-shib-price-pivot
[5] https://www.tradingview.com/symbols/SHIBUSD/
[6] https://www.binance.com/en/price-prediction/shiba-inu
[7] https://coinmarketcap.com/community/articles/668062ebb244f954c0291650/
[8] https://www.coindesk.com/price/shiba-inu/
[9] https://coinpedia.org/price-prediction/shiba-inu-price-prediction/
[10] https://www.binance.com/pt/square/post/10126826795473
[11] https://coinmarketcap.com/currencies/shiba-inu/
[12] https://coingape.com/price-predictions/shiba-inu-shib-price-prediction/
[13] https://ambcrypto.com/shiba-inus-price-undervalued-or-not-depends-on-this-factor/
[14] https://www.coinbase.com/price/shiba-inu
[15] https://ng.investing.com/analysis/shiba-inu-shib-price-prediction-2024-2025-20262030-200879
[16] https://coinpedia.org/price-analysis/shiba-inu-coin-set-for-major-comeback-top-trader-predicts-massive-rally-to-2021-highs/
[17] https://www.coingecko.com/en/coins/shiba-inu
[18] https://ambcrypto.com/predictions/shiba-inu-price-prediction
[19] https://www.tronweekly.com/analyst-predicts-shiba-inu-rebound-at-0-000013/

SHIB Cryptocurrency: Flag Pattern Breakout and Potential 240% Rally

The Shiba Inu (SHIB) cryptocurrency is currently generating significant interest due to its recent entry into a “buy zone,” which many analysts believe could precede a substantial price rally.

Current Price and Market Data

As of June 28, 2024, the price of Shiba Inu (SHIB) is approximately $0.00001725 USD, with a market capitalization of around $10.2 billion and a 24-hour trading volume of $224.7 million[1]. The circulating supply of SHIB is 589.27 trillion tokens[1].

Reasons for the Anticipated Rally

Several factors contribute to the optimism surrounding SHIB’s potential price increase:

  1. Technical Indicators: Analysts have identified that SHIB has entered a buy zone after a recent price dip below the $0.000017 support level[3]. This technical setup is often seen as a precursor to a price rally.
  2. Bullish Predictions: Various sources predict significant price increases for SHIB. For instance, some forecasts suggest that SHIB could reach $0.000052, representing a substantial rise from its current levels[2]. Another prediction indicates a potential surge to $0.00008009, which would translate to a 240% increase[5].
  3. Market Sentiment: The overall sentiment in the SHIB market is currently neutral to bullish. Technical indicators show a mix of bullish and bearish signals, but the prevailing sentiment leans towards optimism due to recent market activities and positive news[8].
  4. Flag Pattern Breakout: Analysts have noted the formation of a bullish flag pattern on SHIB’s price chart. This pattern typically indicates a period of consolidation followed by a breakout, which could lead to further upward movement[6][12].

Potential Price Targets

  • Short-term: Analysts are targeting a price of $0.000052 in the near term, supported by strategic price levels and increased investor interest[2].
  • Mid-term: Predictions for mid-2024 suggest that SHIB could reach $0.00008009, driven by market dynamics and investor sentiment[5].
  • Long-term: Some forecasts are even more bullish, with targets as high as $0.000085, contingent on a successful breakout from the current flag pattern[6][12].

Conclusion

Shiba Inu (SHIB) is currently in a buy zone, and multiple indicators suggest that it could be poised for a significant rally. While the exact future price is uncertain, the combination of technical patterns, market sentiment, and bullish predictions points to a potentially strong upward movement in the coming months. Investors should, however, remain cautious and consider the inherent volatility and speculative nature of cryptocurrencies.

Citations:
[1] https://coinmarketcap.com/currencies/shiba-inu/
[2] https://coinpedia.org/news/shiba-inu-price-poised-for-a-massive-rally-as-it-enter-into-buy-zone/
[3] https://bitcoinist.com/shiba-inu-enters-buy-zone/
[4] https://www.coingecko.com/en/coins/shiba-inu
[5] https://watcher.guru/news/shiba-inu-shib-predicted-to-rally-240-heres-when
[6] https://techreport.com/crypto-news/shiba-inu-enters-buy-zone-targets-0-000085-following-flag-breakout-what-next/
[7] https://www.kraken.com/prices/shiba-inu
[8] https://www.newsbtc.com/news/shiba-inu-on-the-verge-of-600-rally-analyst-weighs-in/
[9] https://www.binance.com/en/square/post/10068418888713
[10] https://www.binance.com/en/price/shiba-inu
[11] https://coingape.com/shiba-inu-coin-rises-signaling-further-rally-shib-price-to-hit-0-00002/
[12] https://thecryptobasic.com/2024/06/27/will-shib-go-up-as-shiba-inu-enters-buy-zone-targets-0-000085-upon-flag-breakout/
[13] https://www.coinbase.com/price/shiba-inu
[14] https://watcher.guru/news/shiba-inu-forecasted-to-rally-125-heres-when
[15] https://coinstats.app/news/7c621596eac885b2512f069aa677a687787e23bcd2e3155f7cdba3a1e0b6bb80_Shiba-Inu-SHIB-Enters-Buy-Zone-Amidst-Market-Recovery-Prospects
[16] https://www.coindesk.com/price/shiba-inu/
[17] https://www.youtube.com/watch?v=iZyHlf059p0
[18] https://cryptonews.com/news/shiba-inu-price-set-for-surge-shib-eyes-0-000085-as-it-enters-buy-zone.htm
[19] https://crypto.com/price/shiba-inu

Latest Information: Shiba Inu (SHIB) Delisting Clarified on Binance

There has been some confusion and conflicting reports regarding the status of Shiba Inu (SHIB) on Binance, one of the world’s largest cryptocurrency exchanges. Here is a detailed breakdown of the situation based on the latest information:

Conflicting Reports on Delisting

  1. Delisting Announcements:
  • Some sources have reported that Binance is delisting Shiba Inu (SHIB) along with other cryptocurrencies such as Chainlink (LINK) and Memecoin (MEME) due to declining trading volumes and liquidity issues. This delisting is part of Binance’s periodic review to maintain market quality and protect users[1][11][17].
  • Specifically, Binance announced the removal of the SHIB/TUSD trading pair, among others, effective June 28, 2024, at 03:00 UTC[11][17].
  1. Contradictory Statements:
  • Other sources, including official statements from Binance and community representatives like LucieSHIB, have clarified that Shiba Inu is not being delisted as an asset from the platform. Instead, only specific trading pairs with low liquidity are being removed[2][5].
  • This means that while certain trading pairs involving SHIB are being delisted, SHIB itself remains available for trading on Binance through other pairs.

Market Impact and Reactions

  • Price Movements:
  • Following the delisting announcements, the price of SHIB experienced some volatility. Initially, there was a slight increase in SHIB’s price, but it has since stabilized[11].
  • The broader crypto market has also been experiencing volatility, with significant price movements across various cryptocurrencies, including Bitcoin and Ethereum[3].
  • Community and Investor Sentiment:
  • The Shiba Inu community has been active in addressing the delisting rumors, emphasizing that SHIB remains a viable asset on Binance despite the removal of certain trading pairs[5].
  • Major SHIB holders, or ‘whales,’ have been observed reallocating their capital, potentially signaling strategic shifts in investment within the crypto space[15].

Conclusion

In summary, while Binance is delisting specific trading pairs involving Shiba Inu (SHIB) due to low liquidity and trading volumes, SHIB itself is not being removed from the platform. Users can still trade SHIB through other available pairs on Binance. The delisting of certain pairs is part of Binance’s efforts to maintain a high-quality trading environment and protect its users.

Citations:
[1] https://bitcoinist.com/shiba-inu-binance-delisting/
[2] https://www.binance.com/fr-AF/square/post/10035533665346
[3] https://www.forbes.com/digital-assets/assets/shiba-inu-shib/
[4] https://www.binance.com/en/square/post/4778141833002
[5] https://news.shib.io/2024/06/27/binance-not-delisting-shiba-inu-separating-fact-from-clickbait/
[6] https://www.coinbase.com/price/shiba-inu
[7] https://www.binance.com/ar-BH/square/post/9735646268714
[8] https://www.binance.com/en/square/post/9996191518730
[9] https://www.youtube.com/watch?v=USsNJKcA3ig
[10] https://blockchair.com/news/shiba-inu-caught-in-the-crosshairs-of-binances-crypto-delisting-spree–ddad01919a
[11] http://tokenpost.com/Binance-Delists-Shiba-Inu-Chainlink-and-Five-More-Cryptos-Due-to-Market-Conditions-12134
[12] https://cryptonews.net/news/analytics/29320181/
[13] https://www.linkedin.com/posts/todayq_binance-set-to-delist-these-shib-link-spot-activity-7211716955802591232-lZLg
[14] https://www.binance.com/en/square/post/2847380998953
[15] https://coinedition.com/18m-shiba-inu-crypto-burned-in-hours-shib-whales-move-capital-to-low-cap-altcoin-playdoge/
[16] https://cryptorank.io/news/feed/11c4c-monero-crashes-30-after-binance-includes-xmr-in-altcoin-delisting-spree
[17] https://coinstats.app/news/ec1cf65c0d76439f88d64f58b483efcea8e9f66a4cfcef4afd3329a396b7f0bf_Binance-to-Delist-Shiba-Inu-%28SHIB%29-and-Other-Low-Liquidity-Pairs-on-June-28/
[18] https://economictimes.indiatimes.com/markets/cryptocurrency/shiba-inu-price/cryptodetail/symbol-shib.cms
[19] https://www.binance.com/en/square/post/1781336094273
[20] https://watcher.guru/news/category/altcoins/shiba-inu

Shiba Inu Coin This Week

Analyzing the performance of Shiba Inu Coin (SHIB) this week involves considering its recent price trends, market sentiment, and potential influencing factors. As of the latest data, SHIB has seen a price change of 6.42% over the past 24 hours, with its price at $0.00003619, marking a significant year-to-date increase of 249.47%[1]. This volatility is characteristic of SHIB, which has experienced both tremendous gains and steep losses since its inception.

The Shiba Inu ecosystem’s development, particularly the upcoming mainnet launch of Shibarium, is a significant event that could influence its value. Shibarium aims to reduce transaction costs and facilitate the building of decentralized applications on the Shiba Inu network, potentially attracting new users and increasing demand for SHIB[1].

Market sentiment, as measured by the Shiba Inu Fear and Greed Index, is another critical factor to consider. This index provides a sentiment analysis based on various indicators, updated every 15 minutes, although specific current values are not provided in the search results[2]. Positive or negative shifts in this sentiment can significantly impact SHIB’s price.

Key factors influencing SHIB’s price include market demand, investor sentiment, market speculation, overall cryptocurrency market trends, trading volume, and liquidity[3]. Regulatory changes, technological advancements within the Shiba Inu ecosystem, and broader market trends also play crucial roles.

Given the bullish scenario of Shibarium’s launch and the current positive price trend, there is potential for further gains. However, the inherently volatile nature of meme coins like SHIB, driven by market sentiment and speculation, presents a risk of sudden price drops. Investors should remain cautious, considering both the potential for high returns and the risk of significant losses[1][2][3].

In conclusion, while there are bullish indicators for SHIB, including the Shibarium launch and recent price increases, the market’s speculative nature and potential for rapid sentiment shifts necessitate a balanced view. Investors should stay informed of developments within the Shiba Inu ecosystem and broader market trends to navigate the volatile cryptocurrency market effectively.

Citations:
[1] Shiba Inu Price | SHIB Price Index and Live Chart – CoinDesk https://www.coindesk.com/price/shiba-inu/
[2] Shiba Inu Fear and Greed Index – Sentiment Analysis – CFGI.io https://cfgi.io/shibainu-fear-greed-index/
[3] What are the key factors influencing the price of Shiba Inu coin? – BYDFi https://www.bydfi.com/en/questions/what-are-the-key-factors-influencing-the-price-of-shiba-inu-coin
[4] Dogecoin to Pepe: What’s Driving the Price Rally and Top Memecoins, Explained https://www.bloomberg.com/news/articles/2024-03-07/dogecoin-to-pepe-what-s-driving-the-price-rally-top-memecoins-explained
[5] SHIBA INU SHIB Price, Live Charts, and News in United States – Coinbase https://www.coinbase.com/price/shiba-inu
[6] Shiba Inu Token Gains as Active Addresses Climb – CoinMarketCap https://coinmarketcap.com/community/articles/65eb8340e795b200fd27341d/
[7] Decoding the Current Shiba Inu Price: Understanding the Factors Behind … https://blogs.oregonstate.edu/piperde/2023/06/12/decoding-the-current-shiba-inu-price-understanding-the-factors-behind-the-volatility/
[8] SHIB Price: SHIB’s 2 Tln Move Sparks Speculations, Price To Reach $0.0001? https://coingape.com/shiba-inu-shibs-2-tln-move-sparks-speculations-price-to-reach-0-0001/
[9] SHIBA INU PRICE PREDICTION TOMORROW, WEEK AND MONTH https://30rates.com/shib
[10] Shiba Inu Coin Price Analysis As Rally Fuels Optimistic Market Sentiment https://coingape.com/markets/shiba-inu-coin-price-analysis-as-rally-fuels-optimistic-market-sentiment/
[11] Shiba Inu Price Prediction: All Bark, No Bite? – Forbes https://www.forbes.com/advisor/au/investing/cryptocurrency/shiba-inu-price-prediction/
[12] Shiba Inu Rockets to Second Place on Binance Amid Explosive SHIB Price Pump https://www.tradingview.com/news/u_today:ceaa7a392094b:0-shiba-inu-rockets-to-second-place-on-binance-amid-explosive-shib-price-pump/
[13] Shiba Inu USD (SHIB-USD) Price History & Historical Data https://finance.yahoo.com/quote/SHIB-USD/history/
[14] Shiba Inu (SHIB) Traders Bullish Amid Market Reset – CoinMarketCap https://coinmarketcap.com/community/articles/65eae94f8ffd0d2db35ff715/
[15] What are the key factors that could influence the value of Shiba Inu … https://www.bydfi.com/en/questions/what-are-the-key-factors-that-could-influence-the-value-of-shiba-inu-coin-in-2023
[16] This Rumor Could Catalyze a New Shiba Inu (SHIB) Price Rally https://beincrypto.com/shiba-inu-shib-token-burn-rumors/
[17] Shiba Inu Price (SHIB), Market Cap, Price Today & Chart History https://blockworks.co/price/shib
[18] Shiba Inu (SHIB) Price Prediction 2024 2025 2026 2027 – Changelly https://changelly.com/blog/shiba-inu-price-prediction/
[19] Market Analysis: Why Is Shiba Inu On The Rise? – The Crypto Basic https://thecryptobasic.com/2023/12/24/market-analysis-why-is-shiba-inu-on-the-rise/
[20] Shiba Inu Spotlights Top 10 Craziest Crypto Stories of All Time https://thecryptobasic.com/2023/12/07/shiba-inu-spotlights-top-10-craziest-crypto-stories-of-all-time/
[21] Shiba Inu Historical Data – Investing.com https://www.investing.com/crypto/shiba-inu/historical-data
[22] Shiba Inu Price Chart (SHIB) – CoinGecko https://www.coingecko.com/en/coins/shiba-inu
[23] Can Shiba Inu Reach One Cent? Exploring the Factors and Challenges https://www.toolify.ai/ai-news/can-shiba-inu-reach-one-cent-exploring-the-factors-and-challenges-868246
[24] How Will Shiba Inu Burn Affect SHIB’s Price? https://www.ccn.com/analysis/shiba-inu-burned-tokens-how-will-affect-shib-price/
[25] Shiba Inu Price | SHIB price charts, live trends & history – Kraken https://www.kraken.com/prices/shiba-inu
[26] Shiba Inu (SHIB) on Verge of Breakdown – CoinMarketCap https://coinmarketcap.com/community/articles/65e9778188b2b233d2d28d20/
[27] What is Shiba Inu coin: Purpose, ecosystem and history of SHIB … https://cointelegraph.com/learn/shiba-inu-coin-a-beginners-guide-to-the-shib-cryptocurrency
[28] Crypto Headlines Of The Week: Shiba Inu, Worldcoin, & Terra Fuels Optimism https://coingape.com/crypto-headlines-of-the-week-shiba-inu-worldcoin-terra-fuels-optimism/
[29] Shiba Inu price today, SHIB to USD live price, marketcap and chart https://coinmarketcap.com/currencies/shiba-inu/
[30] Factors Affecting SHIB’s Price – VSTAR https://www.vstar.com/article/factors-affecting-shiba-inu-shib-price

Cryptocurrency Market Analysis: Recent Trends, Price Movements, and Investment Opportunities in 2024

The cryptocurrency market has experienced significant volatility and growth, with recent trends indicating a bullish momentum carried over from 2023 into 2024. Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Shiba Inu (SHIB) have seen various price movements and developments.

Recent Trends and Price Movements

  • Bitcoin (BTC): Bitcoin has seen substantial gains, briefly surpassing its previous all-time high of $68,990.90 on March 6, 2024. The approval of the first spot bitcoin ETFs and anticipation of Bitcoin’s upcoming halving event have contributed to its price surge[1].
  • Ethereum (ETH): Ethereum’s price also rallied, closing out February at just over $3,300, a 45% monthly gain. The upcoming Dencun tech upgrade and the potential approval of the first spot Ethereum ETFs have fueled optimism among investors[1].
  • Ripple (XRP): XRP was the worst performer among the top 10 cryptocurrencies by market capitalization, with a 12% gain[1].
  • Litecoin (LTC), Bitcoin Cash (BCH), and Shiba Inu (SHIB): While specific price movements for Litecoin and Bitcoin Cash are not detailed in the search results, Shiba Inu experienced a significant selloff, with prices tumbling over 25% amid a broader market selloff[2].

Significant Developments

  • The launch of spot bitcoin ETFs has been a major development in the industry, potentially paving the way for spot Ethereum ETFs[1].
  • The crypto market has seen a massive selloff, with over $1 billion in BTC, ETH, XRP, and SHIB liquidated, indicating profit-booking by miners and whales after recent rallies[2].
  • The Ethereum network is anticipating a significant upgrade, which could further enhance its capabilities and appeal to investors[1].

Potential Opportunities for Investors

Investors may find opportunities in:

  • Spot ETFs for Bitcoin and potentially Ethereum, which could attract more institutional investment[1].
  • The upcoming Bitcoin halving event, historically associated with price increases[1].
  • The growth of DeFi applications and the broader adoption of cryptocurrencies by mainstream businesses[5].

Future Direction and Key Factors

  • Interest Rates: The macroeconomic environment, particularly interest rates, will play a crucial role in the future direction of the market. A delay in rate cuts by the Federal Reserve could pose a headwind for crypto prices[1].
  • Regulatory Developments: The evolving regulatory landscape will significantly impact the market. Clear regulations could lead to increased stability and investor protection[5].
  • Technological Advancements: Upgrades to networks like Ethereum’s Dencun and the integration of AI in blockchain management could enhance efficiency and security[4][5].

Insights and Predictions

  • The market is likely to continue experiencing volatility, with potential for high returns balanced against the risk of sharp price corrections[5].
  • The integration of AI and the continued development of blockchain technology could lead to more efficient and secure cryptocurrency systems[5].
  • Institutional adoption and mainstream acceptance will be key drivers of growth and stability in the cryptocurrency market[4].

Investors should consider these factors and conduct thorough due diligence, keeping an eye on macroeconomic indicators, regulatory changes, and technological advancements within the industry.

Citations:
[1] https://www.forbes.com/advisor/investing/cryptocurrency/crypto-market-outlook-forecast/
[2] https://coingape.com/crypto-market-selloff-1-billion-btc-eth-xrp-shib-liquidated/
[3] https://coinmarketcap.com
[4] https://www.pwc.com/us/en/industries/financial-services/library/cryptocurrency-evolution.html
[5] https://www.tokenmetrics.com/blog/future-of-crypto-in-the-next-5-years
[6] https://www.coindesk.com/data/
[7] https://www.forbes.com/digital-assets/crypto-prices/?sh=1235ac192478
[8] https://consent.yahoo.com/v2/collectConsent
[9] https://www.americanactionforum.org/insight/tracker-crypto-and-fintech-developments-in-the-biden-administration/
[10] https://www.linkedin.com/pulse/predicting-future-using-ai-big-data-analyze-crypto-market-harry-b–hbx5f
[11] https://www.forbes.com/advisor/in/investing/cryptocurrency/why-is-crypto-going-up/
[12] https://www.coindesk.com/data/?_rsc=ifsth
[13] https://crypto.com/price
[14] https://www.investopedia.com/cryptocurrency-news-5114163
[15] https://www.simplilearn.com/crypto-predictions-article
[16] https://www.marketwatch.com/market-data/cryptocurrency
[17] https://u.today/bitcoin-btc-on-way-to-70000-shiba-inu-shib-keeps-troubles-away-xrp-hits-crucial-resistance-level
[18] https://www.coinbase.com/explore
[19] https://economictimes.com/markets/cryptocurrency/exploring-market-dynamics-live-stream-on-crypto-trends-and-future-outlook/articleshow/108073338.cms
[20] https://markets.businessinsider.com/cryptocurrencies
[21] https://u.today/bitcoin-surpasses-meta-by-market-cap-shiba-inu-becomes-10th-largest-crypto-xrp-new-listings-on
[22] https://explodingtopics.com/blog/cryptocurrency-trends
[23] https://economictimes.indiatimes.com/topic/cryptocurrency-market
[24] https://cryptopotato.com/crypto-news/
[25] https://www.fortunebusinessinsights.com/industry-reports/cryptocurrency-market-100149
[26] https://www.investors.com/news/cryptocurrency-prices-news/
[27] https://www.coindesk.com
[28] https://www.mordorintelligence.com/industry-reports/cryptocurrency-market
[29] https://www.independent.co.uk/topic/cryptocurrency
[30] https://www.linkedin.com/pulse/5-trends-can-shape-future-crypto-industry-swapincom

Altcoin Surge and Shiba Inu’s Rise: Analyzing the Cryptocurrency Market’s Latest Trends

The cryptocurrency market is currently experiencing a significant upswing, with Bitcoin leading the charge, having risen exceptionally since October 2023 and currently hovering around the $68,000 level[1]. This bullish momentum has carried over into 2024, with Bitcoin, Ethereum, and other leading cryptocurrencies trading at new 52-week highs[9].

Altcoins, including Shiba Inu (SHIB), have also seen notable movements. Shiba Inu, in particular, has experienced a dramatic increase in its burn rate, skyrocketing by 300%, which has contributed to a surge in its price[2]. This surge is part of a broader rally that has seen SHIB’s price explode by nearly 300% in a week, with over 84% of SHIB investors currently sitting on paper profits[6]. This rally is supported by the resurgence of the burning mechanism and the development of the L2 blockchain solution, Shibarium, which aims to foster the development of the Shiba Inu ecosystem by improving speed and lowering transaction costs[6].

The cryptocurrency market as a whole is projected to register a Compound Annual Growth Rate (CAGR) of 30.40% during the forecast period, with the market size in terms of transaction value reaching USD 1,330.43 billion in the current year[3]. This growth is fueled by the growing adoption of digital currencies, focus on mitigating financial crises, and regional instability[3].

For investors interested in altcoins like Shiba Inu, the current market presents both opportunities and risks. Shiba Inu has shown strong potential lately, and its price has increased by 57.66% in the last month[4]. However, much of its current price is driven by community hype and speculation rather than tangible utility, which poses a challenge for its long-term relevance[4]. Despite this, the potential for Shiba Inu to harness its community’s power on the Shibarium network positions it to become a leading layer-2 solution[4].

In conclusion, the cryptocurrency market is on an upward trajectory, with significant growth potential for both established cryptocurrencies like Bitcoin and altcoins like Shiba Inu. However, investors should approach with caution, considering the high volatility and speculative nature of these investments.

Citations:
[1] Why Is the Crypto Market Rising Today? – Forbes https://www.forbes.com/advisor/in/investing/cryptocurrency/why-is-crypto-going-up/
[2] Shiba Inu Price — SHIB to USD Chart – TradingView https://www.tradingview.com/symbols/SHIBUSD/
[3] Cryptocurrency Market – Analysis, Size & Industry Overview https://www.mordorintelligence.com/industry-reports/cryptocurrency-market
[4] Shiba Inu Coin Price Analysis and Forecast 2024-2030 – Changelly https://changelly.com/blog/shiba-inu-price-prediction/
[5] Top Cryptocurrency Prices and Market Cap – CoinDesk https://www.coindesk.com/data/
[6] Shiba Inu (SHIB) Hits a Major Milestone as the Price Explodes 50 … https://cryptopotato.com/shiba-inu-shib-hits-a-major-milestone-as-the-price-explodes-50-in-a-day/
[7] Cryptocurrency Market Size, Growth & Trends Report, 2030 https://www.fortunebusinessinsights.com/industry-reports/cryptocurrency-market-100149
[8] Shiba Inu Price Prediction: All Bark, No Bite? – Forbes https://www.forbes.com/advisor/au/investing/cryptocurrency/shiba-inu-price-prediction/
[9] March 2024 Crypto Market Forecast – Forbes https://www.forbes.com/advisor/investing/cryptocurrency/crypto-market-outlook-forecast/
[10] Shiba Inu (SHIB) Analysis | News | Description – altFINS https://altfins.com/blog/curated-chart/shiba-inu-shib-analysis/
[11] Cryptocurrency Market Research & Trends Analysis 2032 – Fact.MR https://www.factmr.com/report/cryptocurrency-market
[12] Shiba Inu Price Prediction 2025, 2030, 2040 – Forecast Analysis https://www.tokenmetrics.com/blog/shiba-inu-price-prediction
[13] The current state of the Cryptocurrency Market – LinkedIn https://www.linkedin.com/pulse/current-state-cryptocurrency-market-pareekshit-suvarna-cplvf
[14] Shiba Inu Price | SHIB Price Index and Live Chart – CoinDesk https://www.coindesk.com/price/shiba-inu/
[15] Cryptocurrency Market Size, Share & Growth Report, 2030 https://www.grandviewresearch.com/industry-analysis/cryptocurrency-market-report
[16] Cryptocurrencies News & Prices – Markets Insider https://markets.businessinsider.com/cryptocurrencies
[17] The Future of Shiba Inu Coin: 2024 Price Predictions – Simplilearn.com https://www.simplilearn.com/tutorials/blockchain-tutorial/what-is-shiba-inu-coin
[18] Crypto Price Predictions – CoinCodex https://coincodex.com/predictions/
[19] Markets – CoinDesk https://www.coindesk.com/markets/
[20] When will Shiba Inu reach $1: Shiba Inu leading memecoins https://coincodecap.com/when-will-shiba-inu-reach-1-shib-up-by-70
[21] Bitcoin (BTC) Price Prediction 2024 2025 2026 2027 – 2030 – Changelly https://changelly.com/blog/bitcoin-price-prediction/
[22] Altcoin Explained: Pros and Cons, Types, and Future – Investopedia https://www.investopedia.com/terms/a/altcoin.asp
[23] Shiba Inu Price Prediction 2024-2030: A Good Investment? https://www.cryptopolitan.com/shiba-inu-price-prediction/
[24] Cryptocurrencies – United States | Statista Market Forecast https://www.statista.com/outlook/fmo/digital-assets/cryptocurrencies/united-states
[25] SHIBA INU SHIB Price, Live Charts, and News in United States – Coinbase https://www.coinbase.com/price/shiba-inu

By Perplexity at https://www.perplexity.ai/search/77a2ed3a-14c1-48ec-8c2f-0d1348537a83?s=m

ReVamped Portfolio

Due to the most recent events, I’ve reduced my portfolio to 11 stocks that pay monthly. My focus is going to at minimum be the total value per month equal to a living wage of the country, province, state, or city of which I want to live. I believe that this would allow me to at least get the option of what I would like to do for work, without having to worry about the basics.

Monthly Stock Quantity Goal 
StockPercent as a NumberRule of 72 (2x)Rule of 115 (3x)QTY Total StockPrice
AGNC8.8181321 SPFF$11.8978
GOOD7.6791524 GAIN$12.2700
PBA6.99101627 MDIV$16.2300
HNDL6.94101727 AGNC$17.0200
GAIN6.92101727 GOOD$19.7300
MAIN6.63111728 HNDL$24.7000
SPFF5.81122032 SJR$26.3900
MDIV5.48132134 PBA$28.8700
SJR5.00142337 ANGL$31.9000
ANGL4.67152540 MAIN$39.2600
O4.64162540 O$64.2200
TGIF2.51294675 TGIF$104.6107
Total72.07159254413 Total$397.0985
Average6.01132134 Average$33.09

The table above shows what base quantity I will plan on starting each stock according to the percent as a whole number. The 72 column is the planned initial starting quantity and the 115 column is the planned bump up. Each stock I think will help to step up the dividends coming in added to interest earned and the portion of my paycheck going into the brokerage account. In addition to this, Coinbase offers some stable coins that earn “interest”, or rewards for holding them.

Crypto Quantity     
Date08-Apr-21    
Amount   Amount$917.00
CryptoYield Percent (#)72 (2x)115 (3x)Total% Of AccountCrypto% AMT
Algorand (ALGO)6.001219312.15%ALGO$19.72
Cosmos(ATOM)5.001423372.58%ATOM$23.67
Tezos (XTZ)4.631625402.79%XTZ$25.56
Dai (DAI)2.003658946.45%DAI$59.17
USD Coin (USDC)0.154807671,24786.03%USDC$788.89
Totals17.785588911449   

In an attempt to copy and paste the excel sheet, I’m starting to realize it may have to be done different. If it makes sense, that would be good. If any clarity is needed, please let me know and I will be able to see if I need to go as far as starting the table from scratch to at least help with what’s being shown. I do plan on figuring out the best way to do my excel documents in the future.

Current positions with projected income
Current projected 12 month dividend income with average monthly totals
Just starting this, I currently just have 2 but plan adding more in the next 3 months as I start planning to move.

As these two are just the first steps, I plan on expanding my investing portfolio as each becomes completed. Can only hope that it won’t take tooo long to build. As with all good things though, building a firm foundation helps to build the house of your dreams.