Latest News On Shiba Inu Cryptocurrency – Recently, Robinhood, a crypto trading platform, added Shiba Inu to its crypto catalog. As a result, the Shiba Inu value has risen again after a few tough weeks. SHIB has listed three new cryptocurrencies – Compound (COMP), Polygon (MATIC) and Solana (SOL) – on the US-based market and cryptocurrency trading platform. When news of Shiba Inu’s listing spread, its value rose 35% on crypto exchanges. The Shiba Inu hit a two-month high before coming back due to market volatility.
In the past, another meme currency, Dogecoin, has experienced positive user interaction with Robinhood. When DOGE was listed on Robinhood’s crypto listings in 2018, meme money generated more than 30 percent of the company’s crypto trading revenue.
Table of Contents
- Latest News On Shiba Inu Cryptocurrency
- Trillion Shiba Inu (shib) Seen In Just 24 Hours
- Shiba Inu Unleashes 85 Million Shib Rewards For Stakers In T
- New Crypto Valued $0.0012 To Capture Shiba Inu (shib) Market Cap
- Shiba Inu (shib) Most Recent Move Caused Devastation: What’s Next?
- What’s Driving Surge In Meme Cryptocurrencies Shiba Inu And Dogecoin
- The Price Of Shiba Inu Cryptocurrency Recently Reached A 22 Month High, Coinciding With Increased Onchain Activity. Will This Positive Trend Continue?
- Dogecoin Turns 10: This Shiba Inu Is Riding High On The Crypto Coaster
- Crypto News For The Shiba Inu Coin
Latest News On Shiba Inu Cryptocurrency
In a statement, Robinhood’s retail director Steve Quirk said: “We’re excited to offer our customers more options. As a security company, we have a strict process in place to help us evaluate properties for listing, and we are committed to providing a safe and educational crypto platform.”
Trillion Shiba Inu (shib) Seen In Just 24 Hours
Shiba Inu (SHIB) is a token that aims to be Ethereum compatible with Dogecoin (DOGE). The SHIB, like the DOGE, is designed to be the most abundant and original circulation of the Quadrillion coin. The Shiba Inu community has also funded several projects such as the NFT art incubator and Shibaswap, a renewable exchange.
SHIB was released in August 2020 by an unknown developer named Ryoshi. The project started with a total of one quadrillion symbols, which is a huge amount.
Only a few different crypto exchanges allow you to buy, send and receive SHIB. In addition, SHIB is also compatible with the Ethereum ecosystem as it is issued as an Ethereum token.
The much-anticipated Shiba Inu Metaverse may have contributed to the rise of cryptocurrency to some extent.
Shiba Inu Unleashes 85 Million Shib Rewards For Stakers In T
Examples of Shiba Inu teasing community members with hints about the upcoming game SHIB: The Metaverse. 100,595 virtual plots can be purchased in this volume. . In the last 9 days, SHIB’s price has increased by more than 380%. Today, SHIB hit two years of $0.00004574. Although the price suddenly dropped below $0.00002, representing 54% in 2 hours, the price has recovered above $0.000038. Here are four factors that affect Shiba Inu prices:
The price of Bitcoin, especially after the US Securities and Exchange Commission (SEC) approved the field of Bitcoin Exchange-Traded Funds (ETFs) in January, set the stage for a broader rally in the cryptocurrency market. The approval not only boosted Bitcoin’s legitimacy among traditional investors, but also served as a catalyst for its price to approach all-time highs.
The expected Bitcoin halving event in April will further add to the bullish sentiment, as historical data suggests that half of the event, which half of the profit for mining new blocks, is likely to lead to a large price increase because the reduced supply of new Bitcoins. . market entry.
The relationship between Bitcoin price movements and the altcoin market, including meme coins like Shiba Inu, has been well documented. The Bitcoin rally has a “halo effect” on the broader market, creating a risk environment where investors want to explore higher risk assets, leading to large investments in altcoins and meme coins.
New Crypto Valued $0.0012 To Capture Shiba Inu (shib) Market Cap
This event is also fueled by Fear Of Missing Out (FOMO), as investors rush to take advantage of potential profits and drive prices into a self-inflicted spiral.
As we reported yesterday, meme coins like SHIB may be the best bets in this crypto bull run. Why? Andrew Kang, co-founder and partner at Mechanism Capital, offers an analysis of the psychology of meme coin.
The appeal of meme coins lies in their ability to fuel waves of community attention. Meme coins are a more notable tool available in the world compared to traditional stocks or more complex cryptocurrency projects.
Kang’s description of meme coins as an “intelligent global lottery-based platform” captures the unique combination of community effort, ingenuity, and luck that defines their market potential. This aspect of the community, combined with the excitement of attention, contributes to the high participation and community of the market.
Shiba Inu (shib) Most Recent Move Caused Devastation: What’s Next?
In addition, the global availability and simplicity of meme coins make them an attractive entry point for new investors in the cryptocurrency market, expanding the market base and increasing the liquidity and volatility of this asset. This great appeal is important during rising market levels, when an influx of new entrants can significantly increase price movements.
Known for his significant role in the crypto market, especially meme coins like Dogecoin and FLOKI, Elon Musk has also made waves on social media. On February 26, Musk hinted that he would return to a “meme grindstone” that does not directly involve meme coins.
While SHIB was not mentioned directly, the timing of Musk’s tweet coincided with a notable uptick in its stock performance. Many meme coins started collecting on February 26th. The market apparently interpreted his tweet as a sign that now is the right time to invest in DOGE and other meme coins like SHIB.
The price of the Shiba Inu shows a clear technological advancement. Last December, SHIB’s price broke out of a two-year triangle pattern and went through a successful test until early February. This development creates the basis for a large financial increase along with the factors mentioned above.
What’s Driving Surge In Meme Cryptocurrencies Shiba Inu And Dogecoin
SHIB’s comparison of the last 20-week, 50-week and 100-week maximum moving averages (EMA) confirms a strong uptrend. After passing the August 2022 high of $0.00001791, SHIB’s upward trend became unsustainable.
DISCLAIMER: The article is for educational purposes only. It does not represent advice about buying, selling or holding an investment, and investing naturally involves risks. You are advised to do your own research before making any investment decisions. Use the information provided on this site entirely at your own risk.
Jake Simmons, a dedicated crypto journalist, has nurtured a passion for Bitcoin since 2016. Diving deep into the crypto world every day, he shares deep insights and advice with readers and a wider community. Jake is a firm believer in the transformative power of Bitcoin compared to the traditional fiat currency system. A graduate of Business Informatics, Jake has been a blockchain and crypto professional since graduating in 2017. Connect with him for new knowledge on Twitter: @realJakeSimmons.
This site uses cookies. By continuing to use this website, you accept the use of cookies. Visit our privacy policy or our cookie policy. Despite the recent flat market, SHIB saw the start of what Luckside predicted would be a good rally week for memecoin.
The Price Of Shiba Inu Cryptocurrency Recently Reached A 22 Month High, Coinciding With Increased Onchain Activity. Will This Positive Trend Continue?
According to the January 16th video, the market is starting to see a little breath right after the news of the Bitcoin ETF approval and the positive sentiment reported on January 13th, and now all the news in the reasons of Coinbase, which is expected. January 17, the date of the Federal Stock Court in Manhattan.
The SEC accused the exchange of violating national securities laws by selling 13 currencies, which the SEC said were unregistered securities, and failing to register a staking system. Many analysts agree that whatever the outcome, the impact on the market will be significant given the current level of uncertainty in the market.
SEC v. @Coinbase, update Coinbase’s hearing on the request for a statement will be held on Wednesday, January 17th. There are four possible outcomes, each with possible permutations. 👇 — MetaLawMan (@MetaLawMan) January 13, 2024
Comparing market sentiment and technical trading charts, Luckside shares the Bitcoin (BTC) market and is starting to recover to $43,000 after experiencing a 7.9% decline in the past seven days. Meanwhile, leading altcoins such as Shiba Inu (SHIB), an Ethereum-based memecoin, are still at $0.0000096, but are gathering a green candle for the day as part of what analysts predict will be a continuation of it’s too big.
Dogecoin Turns 10: This Shiba Inu Is Riding High On The Crypto Coaster
Luckside says this is happening against the backdrop of a change in institutional tone. Earlier on January 12, asset manager Vanguard was reported to have blocked the purchase of spot BTC ETFs on its platform. However, the analyst predicts that once the big players realize that they are going to charge fees, utilities will jump on board, making it even more important.
The analyst predicts that we can see a positive bullish trend from the announcement of the Coinbase case sooner rather than later, although the market should expect the market to remain flat at the moment as it first receives the sale of GBTC and FTX assets.
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Crypto News For The Shiba Inu Coin
Shiba Inu Wave; DeGods Season 3 Released; Risk sentiment in the US markets improved.Bitcoin fell slightly and reached the level of $29,380 at the end of the week. Ether and most of the top 10 cryptos are little changed.
Bitcoin fell slightly on Monday
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