Browsing: Shibarium

As this article is written, the value of the dog-themed coin Shiba Inu is being traded at $0.000009833. That is a rise of 5.765 over the last seven days and 0.80% over the previous 24 hours. The 24-hour volume is still 7.29% lower. For a number of reasons, Shiba Inu remains a top investment for newcomers. Token burning, an upbeat on-chain signal, and a collaboration with K9 Finance are required for this. The popularity of SHIB among new investors can be explained by on-chain indicators. One well-known network in the cryptocurrency space is Shiba Inu. That doesn’t change the fact…

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The layer-2 blockchain of Shiba Inu, called Shibarium, has seen a notable surge in daily transactions over the last 10 days, with figures ranging from 5 to 7.9 million. With this increase, there have been over 80 million transactions overall. Furthermore, according to Shibariumscan, the total number of blocks on Shibarium has surpassed two million. Shiba Inu’s price has lately dropped by 3%, mirroring the overall decline in the cryptocurrency market, despite Shibarium’s rise. Just 23% of Shiba Inu owners are currently sitting on paper gains, according to data from IntoTheBlock, while 62% are losing money. Shiba Inu, on the…

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Recently, Shiba Inu discussed its intentions for widespread adoption. To explore the potential, the venture published a thread of tweets. According to the tweets, Shiba Inu plans to introduce a number of innovative products and solutions in the upcoming years. These releases commenced with the opening of the Shibarium mainnet. The upcoming improvements will revolve around the L2 chain that was created on the Polygon technology stack. Community members can create and own their own solutions with Shibarium. The network also makes growth easier by charging less for petrol. Additionally, Lucie, the Shiba Inu marketing specialist, provided additional details regarding…

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Shibharium, a layer 2 blockchain solution from Shiba Inu, was released on August 16, 2023. However, as soon as users started swarming the platform, there were technological issues. Therefore, it must turn around and rebuild the launch. On August 28, 2023, the solution finally became operational. Less than two months have passed, and Shibarium appears to be operating at its peak efficiency. The fact that user activity has increased in every way is proof of this. For instance, the total number of blocks has surpassed 1.08 million, while the number of transactions has surpassed 3.4 million. This is predicated on…

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Investors in Shiba Inu have reportedly been warned by CryptoPotato to be wary of frauds employing dubious non-fungible tokens (NFTs) that promise SHIB rewards. Such offers are blatant scams, according to a Twitter user using by the handle “Shib Informer,” who also warned that running the malware and following the bad actors’ instructions will deplete wallets. The ‘Shib Informer’ also said that some con artists pose as well-known figures, like Elon Musk, to be associated with these enigmatic propositions. Before beginning such undertakings, they recommended individuals to pay attention to the “small details” and always “check twice.” Shiba Inu developer…

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Despite efforts to broaden its ecosystem, Coincu predicts that Shiba Inu (SHIB) would continue on its downward track through September 2023. A bearish trend is evident given the token’s price decline to $0.000007, which is backed by both weekly and daily indicators. SHIB is currently trading at $0.0000072, and no notable resistance levels are in view. Even after Shibarium’s debut earlier this year, the future of the Shiba Inu is still up in the air. The SHIB community has been attempting to diversify its token offerings in recent months in an effort to move beyond its memecoin roots and diversify…

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Shiba Inu enthusiasts continue setting hundreds of thousands of SHIB on fire by moving them to addresses from where these tokens can never be recovered as Shibarium keeps growing and gaining new data. This time, in addition to more than 100 million SHIB being burned, SHIB developer Kaal Dhairya shared specifics on the group’s intentions to terminate the BONE contract, which is terrific news for the SHIB military. The SHIB burns tens of thousands of times. Shibburn Explorer, which provides information on hourly SHIB burns, recently reported that a sizeable sum of SHIB had been transferred to blockchain wallets that…

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Total of 24,471,166 SHIB tokens burned throughout the previous day. These tokens that were burnt, according to the article, came from ten different transactions. Shiba Inu token burn price recently increased significantly, drawing more attention to the cryptocurrency market. Over 500 million Shiba Inu bills have been sent out for burning in the last week. However, the 24 million burned tokens, or a 42% reduction from yesterday’s figure, represents a sharp decline from earlier day by day highs. Nearly half of the SHIB supply that is now in circulation has been burned, yet this seems to have had little effect…

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The native token SHIB of the Shiba Inu ecosystem is showing signs of bullish momentum. According to data from the leading cryptocurrency portfolio manager, CoinStats.app, the meme coin has made consecutive higher lows in its daily chart for the past 72 hours. The majority of SHIB pocket holders’ alignment with the value, however, is acting as opposition to the tried SHIB rising. Technically speaking, everything looks good for SHIB, but the current marketing pressure seems to be impeding its upward movement. Nearly 94% of SHIB investors, according to data from the cryptocurrency market intelligence platform IntoTheBlock, are operating at a…

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Shiba Inu whales, or large holders, are reaping gains in the market, as seen by the astonishing 2,182% increase in the volume of large transactions on SHIB. According to data from IntoTheBlock, there were incredible 8.97 trillion SHIB in large transactions during the course of the last day, an increase of 2,182%. The 8.97 trillion SHIB seen in significant transaction volume on September 4 was also the largest in the previous seven days. Massive transactions are by definition those worth more than $100,000, and their volume gives an idea of the total amount that whales and institutional players transact on…

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According to Clay, the host of the ClayBro cryptocurrency YouTube channel, whale transactions, Shibarium data, and social statistics are the three factors influencing the growth of the Shiba Inu. Despite not taking into account the SHIB value, Clay stated “that a mixture of those three elements is producing healthy development for the Shiba Inu ecosystem.” In a recent video that was posted to YouTube, Clay made mention of a particular sociological statistic that, in his opinion, is significant for Shiba Inu at the moment. The analyst’s prediction caused SHIB transactions to soar by 335%, and two million Shibarium wallets were…

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Shibarium has made a remarkable comeback since overcoming a failed launch. By executing over 700,000 transactions across over 600,000 freshly established wallets within the Shibarium community, the platform’s devoted followers have demonstrated endurance. The Shibarium community was totally functional, less than a week after it recovered from an extraordinary launch-related issue. The protocol has completely enabled token withdrawals as of the time of writing, and users can transact without any issues. This has rekindled the initial excitement that faded after the problem that caused an abrupt pause in Shibarium’s launch during the early morning hours. According to information from blockchain…

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According to CryptoPotato, Lucie, the marketing strategist for Shibarium, has released a statement to dispel myths about the tokenomics of the project. Influencers guaranteeing severe SHIB burns have created a buzz on social media in the wake of this. The Shibarium team emphasized in a tweet that the platform is completely decentralized and that no central bodies control the supply of SHIB. This implies that any burned tokens are solely the result of people deciding to utilize Shibarium. They added that Shibarium’s capacity to burn SHIB tokens with low petrol costs is a special feature of its design, making it…

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Caitlin Lengthy, CEO of Custodia Bank, criticizes the FED for its position on cryptocurrencies and fintech companies trying to operate in a regulated environment in one of her most recent podcast appearances on Considering Crypto. According to Lengthy, the Fed has demonstrated blatant “incumbency bias” in its differential treatment of established traditional financial institutions against fresh crypto-focused firms. Lengthy mentioned the incident of the Bank of New York Mellon getting approval to custody of digital assets immediately after Custodia’s application was denied, despite the fact that both submitted essentially identical business plans. She also disclosed that the Fed overruled the…

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In a recent update, the Shiba Inu team informed the group of the event staff’s progress in scaling Shibarium thus far. The Shiba Inu team announced the update with the Shiba Inu community on their official X account. Remember how Coin Version highlighted Shibarium’s significant technical issues within hours after its launch? Meanwhile, the primary developer, Shytoshi Kusama, announced that the blockchain had been reactivated for brief internal testing and had completed successfully. According to the update, the staff is now focusing on scaling up through various methods, which will be studied and made public. Kusama said: “Now that that…

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Santiment, a blockchain intelligence firm, disclosed in a tweet yesterday that Shiba Inu (SHIB) has seen an increase in whale activity after the meme coin’s value fell below $0.00001. According to the report, 4.7 trillion SHIB cash, estimated to be worth $41 million, has been transferred to a brand new cold pockets, making it the sixth largest pockets on the network. According to Santiment’s data, 7.69 trillion SHIB in on-chain transactions were registered in a 4-hour period yesterday. That appears to be the highest amount of on-chain quantity since SHIB established its value on June 9, 2023. SHIB was trading…

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Shibarium’s growth team announced that they are collaborating with some “highly effective frens” to resolve the current predicament on the freshly created community. The team sent out an update advising the Shiba Inu group of the status of the launch problem. The crew created a blog post to inform customers that the problem was caused by unusually high traffic due to the challenge’s popularity. According to Shib employees, the newly created community surprised site visitors. As a result, the difficulty is to begin scaling operations to accommodate the massive influx of Shibarium consumers. While detailing the situation, Kaal Dhairya, a…

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Shibarium, Shiba Inu’s eagerly awaited layer-2 rival, made its official mainnet debut on this Wednesday. Nevertheless, there were several controversies surrounding the launch. The Shib Mainnet RPC, which can be accessed through https://www.shibrpc.com, is currently unavailable as of the time of publication. Given the significant amount of Ethereum (ETH) that is locked inside the Shibarium cross-chain bridge, this has caused concern among the large cryptocurrency community. Transactions on Shibarium are discovered to be in a pending condition as a result of Beosin’s monitoring. Beosin advised clients to temporarily suspend all operations on Shibarium due to the startling $1.7 million in…

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Shibarium, the layer two (L2) scaling solution for Shiba Inu, has the Shibarmy humming with excitement. Shytoshi Kusama, Shibarium’s lead developer, has hinted at the impending official debut, which will be the culmination of months of hard effort. This expansion has caused Shiba Inu’s value to skyrocket, exceeding other meme currencies in recent times. According to cryptocurrency value oracles, Shiba Inu’s worth has climbed by around 23 percent in the preceding two weeks, landing at around $0.00001028 as of Tuesday. Furthermore, Shiba Inu’s auxiliary tokens have seen significant growth, with Doge Killer (LEASH) increasing by almost 38% over the same…

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Shibarium1, the Discord and Telegram admin of the Shibarium channels, has taken to Twitter to share their belief that once the Shiba Inu-based SHI stablecoin is released, it will change the playing field for stablecoins, which PayPal is currently attempting to enter with its PYUSD stablecoin. PYUSD is slammed by the group as being highly centralized. As news of PayPal’s native stablecoin spread, numerous crypto community members on Twitter began to tweet a screenshot demonstrating that the code of this coin allows business developers to freeze and then destroy PayPal’s customers’ crypto balances at anytime. Other than the two “alternatives”…

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