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Prediction for the price of Shiba Inu: the barrier around $0.000015 may be broken if Bitcoin gets closer to six digits
On the 12-hourly SHIBUSDT chart, the Shiba Inu price is remaining unchanged at $0.000012, consolidating just below the crucial short-term resistance zone between $0.000011 and $0.000012. This zone is indicated by the simultaneous convergence of the 5-day, 8-day, and 13-day simple moving averages.
The bullish crossing that was seen on Friday, which was verified by the green arrow, indicates that there is short-term upward momentum; however, the flattening slope of these moving averages suggests that there may be some hesitation happening.
The MACD is still in the positive region, but its histogram is narrowing, which indicates that the bullish momentum may be coming to a halt until a trigger, such as Bitcoin breaching $100,000, reignites activity.
In this particular scenario, a decisive close that is higher than $0.000012 might verify the bullish structure, with the upward goals being placed at the high of $0.000016 that was reached in March.
If, on the other hand, the floor of $0.00001150 is not maintained, there is a possibility of a bearish reversal that will take place toward $0.00001050. #shibu
On the 12-hourly SHIBUSDT chart, the Shiba Inu price is remaining unchanged at $0.000012, consolidating just below the crucial short-term resistance zone between $0.000011 and $0.000012. This zone is indicated by the simultaneous convergence of the 5-day, 8-day, and 13-day simple moving averages.
The bullish crossing that was seen on Friday, which was verified by the green arrow, indicates that there is short-term upward momentum; however, the flattening slope of these moving averages suggests that there may be some hesitation happening.
The MACD is still in the positive region, but its histogram is narrowing, which indicates that the bullish momentum may be coming to a halt until a trigger, such as Bitcoin breaching $100,000, reignites activity.
In this particular scenario, a decisive close that is higher than $0.000012 might verify the bullish structure, with the upward goals being placed at the high of $0.000016 that was reached in March.
If, on the other hand, the floor of $0.00001150 is not maintained, there is a possibility of a bearish reversal that will take place toward $0.00001050. #shibu
#Shibu As per MarketCoinCap, analysis Shibu fallen 8.22% in the past week. The current price is 0.000015 per SHIB with 24hrs trading volume of 190.921.
Shiba Inu ⚔️ Dogecoin
Shiba inu or Dogecoin: who will win the battle of memetic coins?Shiba inu and Dogecoin are two of the most famous and popular memetic cryptocurrencies, which are both inspired by the image of the Shiba Inu dog breed. Both of these coins have their fans and critics, as well as their advantages and disadvantages. In this article we will try to determine which one is better and why.To compare shiba inu and Dogecoin we will consider the following parameters:- history and purpose- technology and ecosystem- price and market capitalization- prospects and risksHistory and purposeShiba inu was created in August 2020 by an anonymous developer under the pseudonym Ryoshi. His goal was to create a competitor to Dogecoin, which was called the "Dogecoin killer". Shiba inu was launched as an erc-20 token on the Ethereum Blockchain and had an initial issuance limit of 1 quadrillion tokens. Of these, 50% were sent to ethereum founder Vitalik Buterin, who burned 90% of them and donated the remaining 10% to the fight against covid-19 in India. The remaining 50% was pledged and locked on the decentralized exchange uniswap.Dogecoin was created in December 2013 by two programmers, Billy Marcus and Jackson Palmer. Their goal was to make a joke of the seriousness of the Bitcoin community and create a light-hearted and fun cryptocurrency. Dogecoin was based on the bitcoin code, but with some changes, such as the use of a proof-of-work consensus algorithm based on scrypt, reducing block generation time to one minute and no emission limit. Dogecoin quickly became popular due to its memetic nature, celebrity endorsements, and humanitarian causes.Technology and ecosystemShiba inu is a token on the ethereum Blockchain, which gives it the benefits of security, reliability and the ability to use smart contracts. However, this also means that shiba inu is subject to high transaction fees and congestion on the ethereum network. To solve these problems, Shiba Inu plans to launch its own second-layer blockchain called Shibarium, which will be more scalable, cheaper and compatible with ethereum. In addition, Shiba Inu is developing its ecosystem, which includes the decentralized exchange shibswap, the nft shiboshis collection and the rocket pond metaverse.Dogecoin is an independent cryptocurrency that uses its own blockchain based on Bitcoin. This gives it the advantages of simplicity, stability and widespread use. however, this also means that dogecoin has limited capabilities compared to more advanced blockchains such as ethereum. Dogecoin does not support smart contracts, decentralized applications or nfts. To solve these problems, Dogecoin plans to integrate with the ethereum blockchain through a bridge called dogethereum, which will allow token exchange and use of ethereum features.Price and market capitalizationShiba Inu and Dogecoin have a very low unit price as both coins have a huge number of tokens in circulation. at the time of writing this article, the price of Shiba Inu is $0.0000032 and the price of Dogecoin is $0.16. However, when comparing market capitalization, Dogecoin is significantly ahead of Shiba Inu. Dogecoin's market capitalization is $21.3 billion, and shiba inu's market capitalization is $17.8 billion. this means that dogecoin has more trust and acceptance in the market than Shiba Inu.Prospects and risksShiba Inu and Dogecoin have their own prospects and risks that need to be taken into account when choosing between them. Shiba Inu has the potential to grow through its innovative technology, ecosystem development and vibrant community. However, shiba inu also has risks associated with high volatility, competition with other memetic coins, and regulatory uncertainty. dogecoin has the potential to grow due to its popularity, celebrity endorsements, and integration with ethereum. However, Dogecoin also has risks associated with low security, lack of development, and reliance on speculation.ConclusionAfter comparing Shiba Inu and Dogecoin on various parameters, we can conclude that Shiba Inu is better than Dogecoin. Shiba Inu has more modern and forward-looking technology, a more diverse and vibrant ecosystem, and higher potential for growth. Dogecoin, although having a large market capitalization and popularity, suffers from outdated and limited technology, lack of development, and volatility. So if you want to choose between Shiba Inu and Dogecoin, then Shiba Inu will be a more reasonable and profitable option.If you liked this article, please leave a reaction and you can leave a tip. So I will understand that you agree with the article and you are interested in it, and in my own I will make articles on this topic.#Shiba #shibu #Shibarium #Dogecoin #Doge
MiCA STABLECOIN RULE COMPLIANCE IMPACT FOR EEA USERS!
Ok, this is qiet confusing. Looks like MiCA, in an attempt to protect it's EU citizens is also heavily restricting them from making money.
So far, the rules to come suggest there will be no trading whatsoever in what MiCA considers "Unauthorised coins". But what are the unauthorised coins and which are exactly the "Stable Coins" according to MiCA? . So far Binance hasn't clarified on which it considers "Unauthorised coins" either. Does it perhaps mean Binance users from the EEA won't trade in coins like #Not coin, #shibu inu, #Pepe etc?
Can anyone clarify exaxtly which coins shall be unavailable to EEA users?
Ok, this is qiet confusing. Looks like MiCA, in an attempt to protect it's EU citizens is also heavily restricting them from making money.
So far, the rules to come suggest there will be no trading whatsoever in what MiCA considers "Unauthorised coins". But what are the unauthorised coins and which are exactly the "Stable Coins" according to MiCA? . So far Binance hasn't clarified on which it considers "Unauthorised coins" either. Does it perhaps mean Binance users from the EEA won't trade in coins like #Not coin, #shibu inu, #Pepe etc?
Can anyone clarify exaxtly which coins shall be unavailable to EEA users?
Predicting the future value of Shiba Inu (SHIB) or any cryptocurrency is highly speculative and uncertain. The value of SHIB depends on various factors, including market demand, investor sentiment, technological advancements, regulatory changes, and broader economic conditions.
As of now, Shiba Inu has experienced significant price volatility, and it remains a relatively speculative asset. A specific prediction, such as whether it will reach 1 rupee (INR) in the future, is impossible to guarantee. It's important to approach investments in cryptocurrencies with caution and do thorough research before making decisions.
#shibu coin reach 1 rupee in future ?
As of now, Shiba Inu has experienced significant price volatility, and it remains a relatively speculative asset. A specific prediction, such as whether it will reach 1 rupee (INR) in the future, is impossible to guarantee. It's important to approach investments in cryptocurrencies with caution and do thorough research before making decisions.
#shibu coin reach 1 rupee in future ?
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everyone keeps saying that $SHIB will exceed USD 1 but it's far from it so I wonder if it's worth investing in tokens such as shibu pepe and the like #TradeNTell #shibu
No, Shiba Inu (SHIB) Won’t Reach $1 in 2024, but This $0.08 Rival Token Will
The year 2023 was a significant one for the cryptocurrency industry, witnessing tremendous growth as the total market capitalization of all tokens more than doubled from $850 billion to over $1.7 trillion. While cryptocurrencies like Bitcoin (BTC) experienced substantial gains, not all tokens followed suit. Shiba Inu (SHIB), a meme token that garnered attention in 2021, saw a comparatively modest 30% return in 2023. With SHIB still 88% below its all-time high, investors wonder if 2024 holds the potential for it to reach $1. However, the reality might be far from expectations.
The Enormous Supply Challenge
One of the primary obstacles standing in the way of Shiba Inu’s historic rise is its enormous supply. Currently, there are more than 589.3 trillion SHIB tokens in circulation, with each token priced at $0.0000107. This gives Shiba Inu a market capitalization of $6.3 billion. To put it into perspective, if SHIB were to reach $1 per token, its market cap would need to soar to an astronomical $589.3 trillion.For context, the total wealth of every person on Earth was estimated to be $454 trillion at the end of 2022, according to Credit Suisse. In other words, for SHIB to reach $1, its market cap would need to surpass the combined wealth of the entire global population.
Community Efforts to Burn Tokens
To address the challenge posed by its immense supply, the Shiba Inu community has been actively working to reduce the token supply through a process known as “burning.” This involves permanently removing tokens from circulation, making them inaccessible for future use. Token holders can contribute to this effort by sending tokens to a “dead wallet” or participating in various initiatives like streaming a specific music playlist or using the Shiba Search internet search engine. The proceeds from these activities are then directed towards reducing the token supply.
Can Enough Tokens Be Burned in 2024?
The community faces a daunting task if SHIB is to reach $1 in 2024 based on its current market cap. To achieve this, approximately 99.99998% of all SHIB tokens would need to be burned, leaving just 6.3 billion tokens in circulation.Over the past 30 days, the community has burned approximately 34.2 billion tokens. While this is a significant effort, it falls far short of the amount needed to reach the $1 target this year. At the current pace, it would take over 1,437 years to burn all the necessary tokens. In other words, SHIB reaching $1 is a distant dream, projected to materialise in the year 3461.
The Myth of Gaining Wealth Through Burning
Even if one were to live long enough to witness this unlikely scenario, there’s another important point to consider. Burning tokens does not increase the value of Shiba Inu; it simply reduces the supply and, in turn, increases the token’s price by an equivalent amount. In the year 3461, you would have 99.99998% fewer tokens, but they would be worth $1 each, meaning your net position in dollars would remain unchanged.While the idea of SHIB reaching $1 is improbable, there are alternative tokens in the cryptocurrency market with promising potential for significant gains. One such token is Retik Finance (RETIK), which experts predict could experience substantial growth when it launches in Q3 2024.
A More Realistic Alternative: Retik Finance (RETIK)
Retik Finance: Bridging the Gap
Retik Finance aims to revolutionise the global financial landscape through innovative DeFi solutions. With a vision to decentralise the banking sector, Retik Finance offers a comprehensive ecosystem designed to empower individuals and businesses worldwide. Key components of this ecosystem include the Retik Wallet, DeFi Debit Cards, and Retik Pay, providing a seamless fusion of digital and traditional finance. The $RETIK token serves as the backbone of the ecosystem, promoting financial autonomy, governance, and user engagement.By embracing decentralised technologies, Retik Finance addresses the limitations of traditional banking systems, offering enhanced security, accessibility, and privacy while facilitating cross-border transactions. This abstract highlights Retik Finance’s pivotal role in reshaping the future of global finance, fostering a more inclusive, transparent, and efficient financial landscape for the years ahead.
Conclusion
While Shiba Inu’s quest to reach $1 in 2024 appears implausible due to its massive supply and the slow pace of token burning, the cryptocurrency market continues to offer opportunities for investors seeking substantial gains. Tokens like Retik Finance (RETIK) hold promise, with experts predicting significant growth upon its launch in Q3 2024. As cryptocurrencies reshape the financial landscape, innovative projects like Retik Finance are poised to play a pivotal role in creating a more accessible, transparent, and equitable global economy, bridging the divide between traditional and digital finance. Investors should keep an eye on such projects as they navigate the ever-evolving cryptocurrency market.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.
The Enormous Supply Challenge
One of the primary obstacles standing in the way of Shiba Inu’s historic rise is its enormous supply. Currently, there are more than 589.3 trillion SHIB tokens in circulation, with each token priced at $0.0000107. This gives Shiba Inu a market capitalization of $6.3 billion. To put it into perspective, if SHIB were to reach $1 per token, its market cap would need to soar to an astronomical $589.3 trillion.For context, the total wealth of every person on Earth was estimated to be $454 trillion at the end of 2022, according to Credit Suisse. In other words, for SHIB to reach $1, its market cap would need to surpass the combined wealth of the entire global population.
Community Efforts to Burn Tokens
To address the challenge posed by its immense supply, the Shiba Inu community has been actively working to reduce the token supply through a process known as “burning.” This involves permanently removing tokens from circulation, making them inaccessible for future use. Token holders can contribute to this effort by sending tokens to a “dead wallet” or participating in various initiatives like streaming a specific music playlist or using the Shiba Search internet search engine. The proceeds from these activities are then directed towards reducing the token supply.
Can Enough Tokens Be Burned in 2024?
The community faces a daunting task if SHIB is to reach $1 in 2024 based on its current market cap. To achieve this, approximately 99.99998% of all SHIB tokens would need to be burned, leaving just 6.3 billion tokens in circulation.Over the past 30 days, the community has burned approximately 34.2 billion tokens. While this is a significant effort, it falls far short of the amount needed to reach the $1 target this year. At the current pace, it would take over 1,437 years to burn all the necessary tokens. In other words, SHIB reaching $1 is a distant dream, projected to materialise in the year 3461.
The Myth of Gaining Wealth Through Burning
Even if one were to live long enough to witness this unlikely scenario, there’s another important point to consider. Burning tokens does not increase the value of Shiba Inu; it simply reduces the supply and, in turn, increases the token’s price by an equivalent amount. In the year 3461, you would have 99.99998% fewer tokens, but they would be worth $1 each, meaning your net position in dollars would remain unchanged.While the idea of SHIB reaching $1 is improbable, there are alternative tokens in the cryptocurrency market with promising potential for significant gains. One such token is Retik Finance (RETIK), which experts predict could experience substantial growth when it launches in Q3 2024.
A More Realistic Alternative: Retik Finance (RETIK)
Retik Finance: Bridging the Gap
Retik Finance aims to revolutionise the global financial landscape through innovative DeFi solutions. With a vision to decentralise the banking sector, Retik Finance offers a comprehensive ecosystem designed to empower individuals and businesses worldwide. Key components of this ecosystem include the Retik Wallet, DeFi Debit Cards, and Retik Pay, providing a seamless fusion of digital and traditional finance. The $RETIK token serves as the backbone of the ecosystem, promoting financial autonomy, governance, and user engagement.By embracing decentralised technologies, Retik Finance addresses the limitations of traditional banking systems, offering enhanced security, accessibility, and privacy while facilitating cross-border transactions. This abstract highlights Retik Finance’s pivotal role in reshaping the future of global finance, fostering a more inclusive, transparent, and efficient financial landscape for the years ahead.
Conclusion
While Shiba Inu’s quest to reach $1 in 2024 appears implausible due to its massive supply and the slow pace of token burning, the cryptocurrency market continues to offer opportunities for investors seeking substantial gains. Tokens like Retik Finance (RETIK) hold promise, with experts predicting significant growth upon its launch in Q3 2024. As cryptocurrencies reshape the financial landscape, innovative projects like Retik Finance are poised to play a pivotal role in creating a more accessible, transparent, and equitable global economy, bridging the divide between traditional and digital finance. Investors should keep an eye on such projects as they navigate the ever-evolving cryptocurrency market.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.
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Shiba Inu (SHIB) Large Transactions Spike by 300%, Hit $178 Million
Over the last 24 hours, the volume of Shiba Inu (SHIB) large transactions has surged by 300%, reaching a combined $178 million. Notably, the network saw transfers involving 20.2 trillion SHIB.
The spike in large transactions eventually amounted to the equivalent of $178.38 million. This is the highest it has been in the Shiba Inu ecosystem in the last eight months. The big question is, what could this mean for the price of the asset?
Such a significant increase in large transactions has led to a lot of speculation within the SHIB army. Naturally, these transfers have been attributed to whales who are seemingly preparing to make their moves.
#SHIBAINU #ShibaInvestment #shibu
$SHIB
Over the last 24 hours, the volume of Shiba Inu (SHIB) large transactions has surged by 300%, reaching a combined $178 million. Notably, the network saw transfers involving 20.2 trillion SHIB.
The spike in large transactions eventually amounted to the equivalent of $178.38 million. This is the highest it has been in the Shiba Inu ecosystem in the last eight months. The big question is, what could this mean for the price of the asset?
Such a significant increase in large transactions has led to a lot of speculation within the SHIB army. Naturally, these transfers have been attributed to whales who are seemingly preparing to make their moves.
#SHIBAINU #ShibaInvestment #shibu
$SHIB
#shibu #shibugamechanger $shibu
Cryptocurrency Shiba Inu's burn rate surged a staggering 8,470%, according to Shibburn, a dedicated SHIB burn tracking platform. An anonymous wallet transferred 1 billion SHIB tokens in a single transaction to the official burn address, the website further stated. A Coincodex report states that by January 2025, the cumulative worth of all the SHIB that has been burned exceeded $4.5 billion.
Cryptocurrency Shiba Inu's burn rate surged a staggering 8,470%, according to Shibburn, a dedicated SHIB burn tracking platform. An anonymous wallet transferred 1 billion SHIB tokens in a single transaction to the official burn address, the website further stated. A Coincodex report states that by January 2025, the cumulative worth of all the SHIB that has been burned exceeded $4.5 billion.
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