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Shiba Inu News
Crypto-News-Flash
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BONK to Launch First Meme Token ETP – Could a 200% Surge Be Next?
- Bonk (BONK) could become the first meme coin to launch an Exchange-Traded Product (ETP) in collaboration with Osprey Funds, as announced at the Solana Breakpoint event.
- Despite the bearish trend, analysts predict a 200% surge for BONK as the coin touches its crucial support level, supported by bullish signals from the MACD indicator and positive sentiment above the Bollinger Band.
- This move by BONK could potentially pave the way for the first meme coin Exchange-Traded Fund (ETF), allowing investors to gain exposure to meme coins in a secure and familiar package.
- However, regulatory considerations and community sentiment regarding the speculative nature of meme coins like BONK and SHIB may need to be addressed before institutions fully embrace the idea of a meme coin ETF.
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Zycrypto
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This Exchange Scooped Over 13 Trillion SHIB As Holders Worried About Price — Is $0.001 Shiba Inu Close?
- Robinhood, the American crypto exchange, has accumulated over 13 trillion Shiba Inu (SHIB) tokens.
- This significant increase in SHIB holdings indicates growing interest from major investors.
- With Robinhood now holding 47 trillion SHIB, valued at approximately $685 million, analysts are reassessing their outlook on the coin.
- The community hopes that this accumulation by Robinhood will help drive SHIB closer to its target price of $0.001.
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Cryptopotato
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Big Pi Network (PI) News, Shiba Inu (SHIB) Price Predictions, and More: Bits Recap Sep 23
- Shiba Inu (SHIB) has seen a price increase, with analysts predicting a further rally.
- Pi Network extends its KYC and migration deadlines, awaiting an important roadmap in December.
- Bitcoin (BTC) has been on an upward trend, with analysts predicting possible resistance and new all-time high by year-end.
- SHIB market cap needs to reach ridiculous levels for some predictions to be realized.
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Crypto-News-Flash
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Coinbase Classifies XRP and Shiba Inu as Money and Store of Value Assets
- Coinbase has classified XRP and Shiba Inu (SHIB) as currencies, highlighting their potential as money or stores of value.
- This move by Coinbase aims to categorize certain assets based on their uses, placing XRP and SHIB alongside BTC and LTC.
- The classification legitimizes XRP and SHIB as transactional tools, establishing them as legitimate digital assets for transactions and storage of value.
- The legal status of XRP remains uncertain, but the positioning of Coinbase aligns with previous categorization by FinCEN.
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Bitcoinist
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Shiba Inu Eyes Major Rally As Metrics Turn Bullish, Can Price Touch $0.00004?
- Shiba Inu (SHIB) could soon enjoy a massive rally as several on-chain metrics paint a bullish picture for the meme coin.
- The daily transactions on the layer-2 network Shibarium have seen a significant increase, indicating rising adoption of Shiba Inu.
- The 'In the Money' metric shows that SHIB holders in profit are increasing, indicating less selling pressure.
- These metrics suggest that Shiba Inu has the potential to reach $0.00004 and analysts are optimistic about its breakout.
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Zycrypto
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Shiba Inu Massive ‘Token Burn’ Plan Sparks Rocket Expectation for $0.001 SHIB Price
- Shiba Inu (SHIB) has been struggling to regain its footing after a dramatic decline in price.
- Recent upgrades to Shibarium bring optimism for SHIB enthusiasts, aiming to enhance performance and scalability.
- Concerns about SHIB's supply persist, but building a large user base could indirectly reduce supply and increase value.
- The SHIB community is expanding, with strategic partnerships and technological advancements expected to drive further growth.
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Bitcoinist
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Why Did The Dogecoin And Shiba Inu Price Rise So Much?
- Dogecoin (DOGE) and Shiba Inu (SHIB) prices have surged due to bullish macro events and increased demand.
- The US Federal Reserve's interest rate cut has provided bullish momentum for risk assets, including meme coins.
- The Bank of Japan keeping rates unchanged has also contributed to the price surge.
- Onchain data shows increased trading activity and investor interest in both Dogecoin and Shiba Inu.
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Crypto-News-Flash
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Shiba Inu (SHIB) Poised for Rally as Shytoshi Kusama Teases Tron Partnership
- Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), hinted at a potential partnership with Tron.
- The news of the potential partnership has sparked excitement within the SHIB community.
- SHIB's price has seen a 2.7% increase in the past 24 hours.
- Technical indicators suggest SHIB could rally further, with a potential rise of 15% and 20% in the near future.
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Crypto-News-Flash
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DOGE Transactions Surge Past 1.93 Million to Outperform Peers – Bullish Signs for Dogecoin?
- DOGE transactions have surged past 1.93 million, outperforming peers.
- Analysts believe that DOGE consistently outshines Bitcoin in every market cycle.
- DOGE's on-chain activities and open interest are showing bullish signs.
- Recent tweet by Elon Musk and rising transaction volume contribute to DOGE's surge.
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Crypto-News-Flash
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Shibarium Activity Soars with 70%, Wallets Reach 1.8M
- Shibarium's daily transactions surged by 70%, reflecting renewed interest and growing user engagement in the Shiba Inu ecosystem.
- Shibarium's total value locked has reached $1.2 million, while wallet addresses continue to rise, now standing at 1.816 million.
- The increase in activity on Shibarium is consistent with a larger trend of greater development and deployment of smart contracts on the network.
- Shiba Inu's native token, SHIB, is trading at around $0.0000144, up 2.31% over the last 24 hours and 6.77% over the last seven days.
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Bitcoinist
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Shiba Inu Whale Who Made $145 Million In 2021 Loses $13.5 Million, Here’s How
- A Shiba Inu whale who made $145 million from SHIB trades in 2021 has now lost $13.5 million.
- The whale executed high-stakes trades involving NEIRO and SHIB tokens, resulting in substantial losses.
- The NEIRO trade coincided with a 50% crash in the NEIRO Ethereum token, contributing to the loss.
- Despite the setback, the whale generated a small profit from a recent trade with Fetch.ai (FET).
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Bitcoinist
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New Clipper Malware Threat Targets Shiba Inu Community, Here’s What To Know
- Clipper Malware is targeting the Shiba Inu community and crypto transactions.
- The malware monitors copied wallet addresses and substitutes them with the attacker's address.
- Major platforms like Binance are taking measures to counter the malware threat.
- Impersonators are targeting Shiba Inu's staking platform, K9 Finance.
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Cryptopotato
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Key Shibarium Indicator Soars by 70% as the Shiba Inu (SHIB) Price Flashes Green: Details
- Shibarium experienced a 70% increase in daily transactions, indicating renewed activity.
- Shiba Inu's layer-2 scaling solution, Shibarium, saw a surge in new verified contracts and active accounts.
- SHIB price rose by nearly 10% in the last 24 hours, coinciding with a cryptocurrency market resurgence.
- Traders should exercise caution due to the asset's volatile nature and rising Relative Strength Index (RSI).
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Newsbtc
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Shiba Inu Jumps Nearly 6% In Latest Price Rebound, Rally Incoming?
- Shiba Inu has experienced a nearly 6% price rebound, indicating potential bullish momentum for the meme coin.
- Technical indicators suggest that buying interest is increasing and momentum could continue to build for further price gains.
- If Shiba Inu breaks through the resistance level at $0.00002045, it could signal the start of a significant rally.
- On the other hand, encountering strong resistance or a pullback may lead to consolidation or a test of the support level at $0.00001272.
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Crypto-News-Flash
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Shiba Inu Burn Rate Skyrockets 14,000%: SHIB Army Eyes Massive Zero Drop
- Shiba Inu's burn rate has surged by 14,000%, driven by Shibarium's usage.
- The upcoming TREAT token is expected to play a significant role in SHIB's ecosystem and metaverse expansion.
- The increased burn rate has contributed to a slight price increase, with SHIB currently trading at $0.0000133.
- Strategic plans for SHIB ecosystem growth focus on governance and utility improvements through Shibarium.
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