Connect with us

SHIB

SHIBA INU Forecast and Analysis November 2, 2021

Published

on

SHIBA INU ends the trading week at 0.00007173 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices broke the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the SHIB/USD rate forecast, one should not consider an attempt to develop a correction in the value of a digital asset and a test of the support area near the level of 0.0000600. From where a rebound is expected again and an attempt to raise the SHIBA INU cryptocurrency with a potential target above the level of 0.00011005.

SHIBA INU Forecast and Analysis November 2, 2021

An additional signal in favor of raising the SHIB/USD quotes for tomorrow will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the SHIBA INU cryptocurrency in the next trading week will be a fall and a breakdown of the 0.00004055 area. This will indicate a breakdown of the support area and a continued fall in SHIB/USD quotes with a target below 0.00002505. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 0.00008000.

SHIBA INU Forecast and Analysis November 2, 2021

SHIBA INU Forecast and Analysis November 2, 2021 imply an attempt to test the support area near the level of 0.0000600. Then continued growth to the area above the level of 0.00011005. An additional signal in favor of the rise of SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 0.00004055 area. This will indicate a continued decline in cryptocurrency with a target below 0.00002505.

News Source

Advertisement

SHIB

SHIB Community Burned About 2 Billion SHIB in November

Published

on

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.

Advertisement

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.

Advertisement

SHIB is trading at $0.00004230 as of press time.

News Source

Advertisement
Continue Reading

SHIB

Shiba Inu Has Become Mainstream, Says Mark Zuckerberg’s Sister

Published

on

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:

Advertisement

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.

Advertisement

News Source

Continue Reading

SHIB

Ethereum Whale Buys Another 28 Billion SHIB Coins

Published

on

“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.

Advertisement
Transaction Details
Transaction Details, Courtesy: WHALESTATS

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.

News Source

Advertisement
Continue Reading