- Shiba Inu surges to $0.00008616, gaining over 41.59% in the last 24 hours.
- SHIB flips Elon’s Dogecoin (DOGE). Soon will it flip Ripple (XRP)?
- SHIB to move from a meme token to a DeFi ecosystem.
There is nothing as refreshing as this moment in history in the crypto space. As excitement rises from the Shiba Inu community so as the price of SHIB continues to soar. From being termed a ‘shit coin’ to Shiba Inu’s surprising rise to one of the most powerful coins in the world.
Right now, everyone is talking about Shiba Inu and it is now renamed the ‘new bitcoin.’
Finally, Shiba Inu witnesses a break, but in a bigger way than expected. Recently, SHIB recorded a new shift, which started in October up until the last two days when Elon Musk declared he didn’t have any crypto. That simple statement moved SHIB from the ascending trend straight to a bear.
Fortunately, the power of the SHIB army kept it running. So much so that many who speculated the crypto wouldn’t rise again ate up their words when the crypto flipped from a bear to a full-blown bull. More so, it is only a matter of time before SHIB hits the moon as the coin is well off on its way to that.
According to CoinMarketCap, Shiba Inu is currently up 41.59% and trades at $0.00008616. Not to mention, the market cap surges from 111.47% to over $44.9 billion. Also, SHIB’s trading volume gained over 194.79% in the last 24 hours.
Shiba Inu is on the verge of flipping Ripple (XRP) just as it did to Elon’s Dogecoin (DOGE). At the time of writing, SHIB ranks 8th while Ripple is at the 7th position of the CoinMarketCap crypto ranking portfolio. As it stands, Shiba Inu is only a step away from outranking Ripple (XRP).
Particularly, crypto asset rating platform — Evai moves Shiba Inu to the A3 crypto category from the previous B2 ranking. With this ranking, only the best is expected from SHIB going forward. To specify, Evai is a decentralized autonomous organization (DAO) presenting world-class ratings for crypto DeFi NFT-based assets.
Indeed, the rapid success of Shiba Inu has everyone’s attention right now. Even the most influential individuals are keen on its progress, while some are already holding SHIB tokens themselves.
Furthermore, Shiba Inu also expressed their gratitude towards Certik — a notable provider of centralized security solutions. According to the tweet, Certik worked on the audit and security of ShibaSwap and allowed SHIBA to move from a meme token to a DeFi ecosystem.
While we are in the spotlight, we would like to thank @certik_io for their amazing work on the audit that secured #ShibaSwap, and allowed SHIBA to move from a meme token to a DeFi ecosystem.#UseShibaSwap #ThankYou #ShibArmy pic.twitter.com/jj2GQDWsh8— Shib (@Shibtoken) October 28, 2021
To put it simply, this integration has allowed the meme coin SHIB to have a proper utility or use case. However, it is also important to note that SHIB has already had a Certik audit since the launch of Shiba. Furthermore, this will give SHIBA a revolutionary development, from which its users will directly experience.
Now that Shiba Inu has finally flipped DOGE, speculations say that meme coins are taking over and are hunting down BTC, ADA, and others. Will SHIB ever surpass these stable coins? Is SHIB really the new Bitcoin? We are yet to find out and see how the future of SHIB will turn out to be.
SHIB Community Burned About 2 Billion SHIB in November
There have been a total of 7,409,202 $SHIB tokens burned and two transactions in the last hour.
According to shibburn, the SHIB community, dubbed the “SHIB Army,” burned about two billion SHIB in November. A total of 410,298,489,440,804 of the one quadrillion initial supply has been burned. Tokens that are burned are permanently removed from circulation. The decrease in circulating supply is predicted to raise the price of Shiba Inu in this instance.
According to Shiba Inu’s burn tracker, shibburn, a total of 410,296,586,422,853 SHIB tokens (41.02966%) have been burned from the initial supply of one quadrillion at the beginning of November.
As of Dec. 1, this number had grown to 410,298,449,011,405 (41.02984% of the initial supply), representing a near 1.9 billion increase in tokens burned within the time frame.
Shiba Inu is about to undergo significant alterations that are likely to increase its value and boost its price. Shytoshi Kusama, the SHIB team’s lead developer, recently discussed the potential of Shiba Inu’s gameplay expanding into the “Metaverse.”
Gaming will also facilitate the burning process, as in-app purchases made from the Shiba Inu game will be used to burn a large amount of SHIB to lower the token’s supply. Currently, the SHIB supply is burned only when the owner of a Shiboshi NFT pays $100 in SHIB to change the NFT’s name.
SHIB is trading at $0.00004230 as of press time.
Shiba Inu Has Become Mainstream, Says Mark Zuckerberg’s Sister
There’s room for two canine coins, according to Randi Zuckerberg
Randi Zuckerberg, a sister of Meta CEO Mark Zuckerberg, has recorded a short explainer about canine meme coins, which has been published on her official YouTube channel.
In her video, she weighed in on the surprising success of “Dogecoin killer” Shiba Inu, claiming that the token has gone mainstream.
Despite the rivalry between Dogecoin and Shiba Inu, Zuckerberg believes that there’s room for both of these canine coins:
I didn’t even know there was room for one of those, but apparently there’s room for two.
The former Facebook spokesperson also mentioned numerous spinoffs of the two “flagship” canine coins, including Dogelon Mars.
She then recommended her viewers to “have some fun” with their crypto but not to bet their farm on meme coins, channeling the advice of Tesla CEO Elon Musk.
Earlier this week, Zuckerberg, a long-time crypto proponent, joined cryptocurrency exchange Okcoin as a member of its brand advisory council.
Ethereum Whale Buys Another 28 Billion SHIB Coins
“Gimli,” ETH whale, recently bought 28,236,296,316 SHIB ($1,169,829 USD)
Ethereum Whale ”Gimli” just bought another 28 billion SHIB coins worth a staggering $1.1 million, according to Whale Stats. Despite declines in the Shiba Inu price of late, either whales or large entities are taking the opportunity to accumulate more of the SHIB token.
The famous whale “Gimli” appears to admire Shiba Inu to the point of accumulating SHIB at every opportunity. On Nov. 30, U.Today revealed that the anonymous whale purchased a further 24.8 billion SHIB tokens valued at $1 million.
Overall, the famous ”Gimli” whale now holds 1.2 trillion Shiba Inu coins worth a whopping $52.9 million.
Shiba Inu returned to the spotlight after its 40% rally as Kraken became the latest exchange to allow trading of the Shiba Inu token. Pressure on Robinhood to list Shiba Inu keeps mounting as a Change.org petition in favor of this listing has more than 542,000 signatures at the time of writing.
Shiba Inu was exchanging hands at $0.00004130 as of press time.