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Tuesday – The Shib Daily
In today’s headlines, the spotlight is on the significant market performance of Shiba Inu Treat ($TREAT) on KuCoin. Mark Cuban’s encouraging comments about Shiba Inu further contribute to the excitement, suggesting a bright future for the Shib ecosystem. Meanwhile, ongoing leadership shifts in crypto regulation and the possibility of Ross Ulbricht’s pardon are also stirring conversations.

Shiba Inu Treat ($TREAT) Rallies 111%; Mark Cuban Recognizes Shiba Inu’s Viability

$TREAT has surged 111% in the past 24 hours, which led to it becoming a top gainer on KuCoin. It surpassed notable tokens like $OBT and $SWARMS during this period. $TREAT is part of the growing Shiba Inu ecosystem. This momentum, along with ongoing developments, suggests that the token may continue to rise as Shiba Inu continues to expand.

In other Shib ecosystem news, Mark Cuban recently declared Shiba Inu as one of the very few meme coins that actually “worked.” He proposed a new meme coin with a 20% float to support the U.S. Treasury, reflecting on the current meme coin trend. Cuban noted that only a few meme coins, like Doge and Shiba Inu, have succeeded. Shiba Inu’s lead visionary, Shytoshi Kusama, responded to the post, inviting Cuban to a call to explore the technology behind Shiba Inu.

Regulatory Shifts: New Acting SEC Chair and Acting CFTC Chair

Following President Trump’s inauguration, Mark Uyeda was appointed as the acting SEC chair. A Republican commissioner since June 2022, he succeeded Gary Gensler, who often clashed with the finance and crypto sectors. Uyeda’s past criticisms of the SEC’s unclear guidance on crypto registration may resonate with industry players. He has prior experience advising Senator Pat Toomey and working with California’s securities regulator.

Meanwhile, the CFTC has appointed Caroline Pham as its acting chair after a vote by the commissioners. She replaces Rostin Behnam until a permanent chair is nominated by President Trump and confirmed by the Senate. Pham expressed her gratitude for the opportunity and looks forward to engaging with stakeholders. She has been a CFTC commissioner since April 2022 and has advocated for digital asset regulation.

Ross Ulbricht’s Pardon Expected Soon, Says Elon Musk

Elon Musk has stated that Ross Ulbricht, the creator of the Silk Road marketplace, will be pardoned by President Trump. Musk’s comment on X suggested Ulbricht’s release is imminent. Although Trump promised to commute Ulbricht’s sentence on his first day as president, no official action has been taken so far. Angela McArdle, chair of the Libertarian National Committee, anticipates the pardon will happen within the next two days.

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Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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Welcome to Tuesday – The Shib Daily!

Start your day with a positive mindset and a cup of coffee. Take on the day with determination and focus. Remember, every small step you take today is progress towards your goals.

Whether you’re working, studying, or just enjoying some downtime, make sure to take care of yourself. Take breaks when needed, stay hydrated, and don’t forget to stretch and move your body.

Stay connected with loved ones, reach out to friends, and spread kindness wherever you go. A simple smile or kind gesture can make someone’s day.

Embrace the challenges that come your way and use them as opportunities for growth. Keep pushing yourself to be the best version of yourself.

Let’s make today a great day, filled with positivity, productivity, and joy. Remember, you have the power to make today amazing. Have a fantastic Tuesday, and make the most of every moment!

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#Tuesday #Shib #Daily
January 24, 2025
Shiba Inu (SHIB) Projected to Hit $0.003: A Closer Look at the Timeline and Market Sentiment

This ambitious forecast has stirred conversations across the crypto community, fueled by growing optimism surrounding market conditions and Shiba Inu’s ecosystem developments.

Shiba Inu (SHIB), one of the most prominent meme cryptocurrencies, has captured renewed attention with bullish projections predicting a significant price surge.

While currently trading at $0.00002, analysts foresee SHIB climbing to an impressive $0.003 by 2040.

Long-Term Projection: $0.003 by 2040

According to a recent report by price prediction platform Changelly, Shiba Inu could reach $0.003 within the next 15 years. This would represent a staggering 15,000% return on investment (ROI) from its current price levels. A $1,000 investment in SHIB today could potentially grow to $151,000 by 2040 if the prediction holds true.

Market experts believe the Shiba Inu (SHIB) price will hit $0.003 by 2040. Source: Changelly

Experts explained further that this could happen based on the fundamentals of growth in the markets, and that includes basic growth of the Shib Inu ecosystem with macro-economic indicators. “It sounds ambitious in the current outlook but underpins long-term gains potentially feasible within very highly volatile digital assets,” said Crypto Analyst Alan Santana.

Whale Activity and Market Sentiment

Increased whale activity has bolstered optimism for SHIB. Earlier this month, a major whale address transferred 220 billion SHIB (valued at $4.63 million) from Binance, marking a strong show of confidence in the token’s long-term prospects.

A significant whale address moved 220 billion SHIB, worth $4.63 million, from Binance. Source: Lookonchain via X

Crypto analyst Alan Santana also highlighted SHIB’s bullish trajectory despite recent market corrections. “We’ve seen bearish movements that haven’t altered SHIB’s long-term outlook,” he stated. Santana predicts a potential 600% rally in the short to medium term, citing renewed investor enthusiasm and positive trends observed in other cryptocurrencies like XRP and ADA. In addition, SHIB has continued its token burning strategy.

Ecosystem Innovations and Community Support

Shiba Inu’s development team has been actively expanding its ecosystem, introducing tokens like TREAT to enhance utility and governance within the Shibarium network. Shytoshi Kusama, SHIB’s lead developer, recently emphasized the project’s commitment to delivering real value to its community. “It’s not just about the community but real technology that keeps us going,” Kusama stated on X, responding to a post by billionaire Mark Cuban lauding SHIB’s long-term prospects.

Despite facing competition from new meme tokens like TRUMP, which briefly surpassed SHIB in market value, the Shiba Inu community remains optimistic. Kusama has hinted at “major developments ahead,” fueling anticipation of advancements that could further solidify SHIB’s position in the crypto market.

Impact of Broader Market Trends

The inauguration of Donald Trump as U.S. President on January 20, 2025, boosted both stock and cryptocurrency markets. Analysts predict a financial resurgence under Trump’s presidency, which could provide favorable conditions for SHIB’s price growth.

Shiba Inu (SHIB) price chart (yearly). Source:Brave New Coin

“This could usher in a new financial era in the U.S., benefiting high-potential assets like SHIB,” observed a market analyst. While some speculate a short-term rally tied to the inauguration, others remain focused on SHIB’s long-term trajectory.

Challenges and Risks Ahead

While the Shiba Inu price forecast looks impressive, it comes with its own share of risks. This token is highly dependent on market sentiment, so it is surely very volatile. Competition in the meme token space is getting more competitive by the minute, with newer entrants vying for investor mindshare.

Shiba Inu (SHIB) price is currently consolidating above the immediate support at $0.00002050. Source: Arieyettinurami/TradingView

Despite these challenges, the development team of SHIB, along with its strong community support, offers solid ground for growth. As Kusama said, “Patience and focus on the ecosystem are key to realizing SHIB’s long-term vision.”

The projection of Shiba Inu reaching $0.003 by 2040 tantalizes many, offering a captivating perspective on its long-term investment. While everything depends on the dynamics in the market and the advancement of the ecosystem, the long-term prospects of SHIB remain bullish.

Meanwhile, Shiba Inu doesn’t stop strengthening its story against the concept of a meme token to become a project promising actual value and yields to the interested community. Perhaps Shiba Inu can indeed melt faces in the coming bull run.

Shiba Inu (SHIB) has been making waves in the cryptocurrency market recently, with its price surging and gaining attention from investors and traders alike. Many are wondering just how high SHIB can go, with some projections suggesting it could hit $0.003 in the near future.

To understand how Shiba Inu could reach this price point, it’s important to look at the current market sentiment and the timeline for potential growth. The overall sentiment surrounding SHIB has been largely positive, with the recent boom in the meme coin market contributing to its rise in popularity.

One factor that could push SHIB to $0.003 is the upcoming listing on major exchanges such as Coinbase and Binance. These listings could bring in a wave of new investors and increase liquidity, driving up the price of SHIB in the process.

Additionally, the ShibaSwap decentralized exchange, which is set to launch soon, could also play a significant role in boosting SHIB’s price. The platform will allow users to stake their SHIB tokens and earn rewards, further incentivizing holders to buy and hold onto the coin.

While it’s difficult to predict exactly when SHIB will hit $0.003, many analysts believe that it could happen in the coming weeks or months if current trends continue. Of course, it’s important to remember that the cryptocurrency market is highly volatile, and prices can change rapidly based on a variety of factors.

Overall, the future looks bright for Shiba Inu, and $0.003 could be a realistic target for the coin in the near future. Investors and traders should keep a close eye on market trends and news updates to stay informed about potential price movements.

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Shiba Inu, SHIB, cryptocurrency, price prediction, market analysis, timeline, market sentiment, investing, crypto news, digital currency, altcoins, blockchain technology, decentralized finance, tokenomics, price forecast, market trends

#Shiba #Inu #SHIB #Projected #Hit #Closer #Timeline #Market #Sentiment

January 24, 2025
Shiba Inu Inflows Skyrocket 473% as Bulls Defend 108 Trillion SHIB
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing an increase in activity, with large holder inflows skyrocketing by 473% this week, signaling increased interest from whales and institutional players.

Notably, large transaction volume, which signals whale activity, has increased 20% in the last 24 hours to $202.51 million. Shiba Inu experienced a jump in large holder inflows, which tracks funds moving into whale addresses during this time frame, rising from 1.17 trillion SHIB on Jan. 16 to 2.55 trillion SHIB on Jan. 17.

This surge in inflows correlates with the recent increase in Shiba Inu prices, just before profit-taking began. Shiba Inu saw a sharp price surge in yesterday’s trading session, rising from a low of $0.000022 to $0.0000246. SHIB extended its surge on Saturday, reaching highs of $0.00002497 before backtracking.

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At the time of writing, SHIB was down 4.73% in the last 24 hours to $0.00002302, reflecting the current profit taking in the market, which has seen $493 million wiped out in liquidations across various crypto assets, per CoinGlass data.

Bulls seek to defend 108 trillion SHIB

The current decline in the Shiba Inu price has brought it to the edge of a crucial price range where 108 trillion SHIB are being held by Shiba Inu addresses.

Shiba Inu (SHIB) Global In/Out of the Money, Courtesy: IntoTheBlock

According to IntoTheBlock data, 108.19 trillion SHIB are being held by 115,240 Shiba Inu addresses in the range between $0.000019 and $0.000023.

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The 108 trillion SHIB held at this key level serves as a key support for the Shiba Inu price, with bulls showing a strong determination to maintain it. This range has proven to be a floor for SHIB price since late December, halting further declines and fueling optimism for a potential rebound.

However, a breach below this level might result in a wave of selling pressure, causing SHIB to test the next support zone at $0.000014 and $0.000019. The next crucial resistance zones, however, are $0.000023 and $0.000025, where 77.61 trillion SHIB are held by Shiba Inu addresses, which, if surpassed, might pave the way for a bigger bullish breakout.

Shiba Inu, the popular meme-based cryptocurrency, has seen a massive influx of new investors as its inflows skyrocketed by 473%. This surge in interest comes as bulls fiercely defend the 108 trillion SHIB token supply.

The sudden increase in Shiba Inu’s popularity can be attributed to a combination of factors, including recent developments in the crypto market and the growing excitement surrounding meme coins. With the rise of social media influencers promoting Shiba Inu and the coin’s strong community support, more investors are flocking to this digital asset.

Despite facing scrutiny from some critics who question its long-term viability, Shiba Inu continues to attract a dedicated following of supporters who believe in its potential for growth. The bulls defending the 108 trillion SHIB token supply are confident in the coin’s ability to withstand market volatility and maintain its position as a top meme cryptocurrency.

As Shiba Inu’s inflows continue to surge, it remains to be seen how this momentum will impact the coin’s price and market performance in the coming weeks. With the crypto market experiencing heightened volatility, investors are advised to exercise caution and conduct thorough research before investing in any digital asset, including Shiba Inu.

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1. Shiba Inu price surge
2. Cryptocurrency news
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8. Cryptocurrency market update
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10. Shiba Inu price rally
#Shiba #Inu #Inflows #Skyrocket #Bulls #Defend #Trillion #SHIB
January 20, 2025
SHIB Price Collapses as 66 Million Coins Burned Out of Circulation
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Data shared by the prominent wallet tracker Shibburn shared in a recent tweet shows that over the past week a substantial amount of SHIB meme coins have been transferred out of circulation — several tens of millions.

Over the past 24 hours, nearly 3 million coins have been burned, and it coincided with a tremendous price decline SHIB faced today.

66 million SHIB locked in unspendable wallets

Shibburn has spread the word about an impressive amount of meme coins that have been burned during the past week thanks to the relentless efforts of the Shiba Inu community. During the past seven days, they have succeeded in removing a total of 66,156,811 SHIB from the circulating supply. Still, the weekly burn rate failed to enter the positive zone and shows a decline of 24.11% compared to the week before.

As for the daily burn rate, it has also declined, dropping by roughly 53% with a tiny 2,859,106 SHIB transferred to unspendable wallets overall. A total of 2,345,678 SHIB were destroyed in a single transaction, according to the data provided by the Shibburn website.

HOURLY SHIB UPDATE$SHIB Price: $0.00002268 (1hr -0.11% ▼ | 24hr -6.01% ▼ )
Market Cap: $13,373,586,788 (-5.96% ▼)
Total Supply: 589,256,889,747,492

TOKENS BURNT
Past 24Hrs: 2,859,106 (-52.96% ▼)
Past 7 Days: 66,156,811 (-24.11% ▼)

— Shibburn (@shibburn) January 18, 2025

Currently, there are a whopping 584,219,829,029,380 SHIB circulating in the cryptocurrency market — half of the initial quadrillion supply. A total of 410,743,110,252,507 SHIB have been already burned, largely thanks to the Ethereum co-founder and frontman Vitalik Buterin; 5,037,060,718,111 SHIB are currently locked in staking protocols across centralized exchanges and DeFi apps.

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SHIB price plummets 9.36%

Today, Jan. 18, the second biggest meme-inspired cryptocurrency Shiba Inu has faced a massive price decline as it crashed by almost 10% from a local daily peak of $0.00002489 and hit $0.00002235. By now, the SHIB price has staged a small recovery of 2.11%, changing hands at $0.00002286.

On Thursday, SHIB printed a 9.19% surge. In both cases, the prominent meme coin has been following the price trajectory of the flagship cryptocurrency Bitcoin.

Shiba Inu (SHIB) investors were left reeling as the price of the meme-based cryptocurrency took a nosedive following the burning of 66 million tokens out of circulation.

The move, which was announced by the SHIB development team, was intended to reduce the overall supply of the coin and increase its scarcity. However, instead of driving up the price, the burning of tokens seemed to have the opposite effect, with SHIB dropping in value by over 10% in just a few hours.

Many investors were caught off guard by the sudden price collapse, with some expressing frustration and confusion over the unexpected turn of events. Some even speculated that the burning of tokens may have inadvertently sparked a sell-off among nervous investors.

Despite the price drop, some SHIB holders remain optimistic about the long-term prospects of the cryptocurrency, pointing to its strong community support and growing adoption as reasons to remain bullish on the token.

It remains to be seen whether SHIB will be able to recover from the recent price collapse and regain its upward momentum, or if the burning of tokens will continue to weigh on its price in the days and weeks to come.

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January 19, 2025
SHIB Price Down 21% In One Week as Whale Numbers Shrink
Shiba Inu (SHIB) price has declined 21% over the past 30 days, with its trading volume down 16% in the last 24 hours, now at $386 million. Technical indicators show mixed signals, with the RSI recovering from oversold levels but remaining neutral, indicating a lack of strong momentum.

Additionally, whale activity has decreased, with the number of large holders recently hitting a month-low, signaling potential distribution. SHIB’s next move will likely depend on whether it holds its key support or breaks through resistance levels to regain bullish momentum.

SHIB RSI Is Currently Neutral

Shiba Inu RSI is at 44.9, recovering from an oversold level of 28 on January 13 and briefly reaching 55 earlier today. This neutral-to-slightly bearish reading suggests a balance between buying and selling pressure, with no strong momentum currently driving the price.

The RSI, or Relative Strength Index, measures price momentum on a scale of 0 to 100, with values below 30 indicating oversold conditions and above 70 signaling overbought levels.

SHIB RSI. Source: TradingView

At 44.9, SHIB RSI suggests consolidation or mild bearish pressure. Further upward movement requires the RSI to break above 50 to signal stronger bullish momentum.

Shiba Inu Whales Are Not Accumulating

The number of whales holding at least 1 billion SHIB has declined from a month-high of 10,930 on December 19 to 10,832 today, following a low of 10,831 two days ago.

This steady decline suggests reduced accumulation by large holders, which could indicate weakening confidence or decreased interest among key market participants.

Holders with at least 1 billion SHIB. Source: Santiment

Tracking whale activity is crucial because these large holders can significantly impact price trends and liquidity. The current decline in whale numbers highlights potential distribution, which may create downward pressure on SHIB price unless new accumulation occurs to offset the trend.

However, the stabilization near recent lows may signal that selling has slowed, offering a potential foundation for recovery.

SHIB Price Prediction: A Further 11.9% Decline?

The price chart shows SHIB has close support at $0.0000205, which, if broken, could lead to a decline to $0.0000185, representing a potential 11.9% correction.

SHIB Price Analysis. Source: TradingView

Conversely, if an uptrend emerges, SHIB price could test the resistance at $0.000022 and, if surpassed, move toward $0.000024.

A strong uptrend could even push Shiba Inu price back to levels near $0.0000298, signaling a significant recovery and renewed bullish momentum.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Shiba Inu (SHIB) holders are feeling the heat as the price of the meme-inspired cryptocurrency has dropped a staggering 21% in just one week. This significant decline comes as the number of whale addresses holding large amounts of SHIB has also decreased.

The decrease in whale numbers could be a contributing factor to the downward pressure on SHIB’s price. Whales are often seen as influential players in the cryptocurrency market, capable of making large trades that can impact prices.

Investors and traders in the SHIB community are closely monitoring the situation, with some expressing concern over the recent price drop. However, others see this as a potential buying opportunity, believing that SHIB’s price will eventually rebound.

As with any investment, it’s important to do your own research and consider your risk tolerance before making any decisions. The cryptocurrency market is known for its volatility, and prices can fluctuate rapidly in either direction.

Keep an eye on SHIB’s price movements and whale activity in the coming weeks to see how the market responds to these developments.

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#SHIB #Price #Week #Whale #Numbers #Shrink
January 17, 2025
Shiba Inu (SHIB) Eyes Major 50% Move as Bollinger Bands Signal

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The price of popular meme-inspired cryptocurrency Shiba Inu (SHIB) may be on the verge of stunning price action in the coming weeks. In particular, as the Bollinger Bands indicate on the weekly price chart of SHIB, the price of the asset found support at a median level, despite a painful sell-off yesterday.

Bollinger Bands, a widely used technical analysis tool, consists of three lines: an upper band, a middle band based on a 20-day moving average and a lower band set two standard deviations away from this average. This tool, developed by John Bollinger, is valued for its ability to track price trends and assist in interpreting potential future movements.

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The issue is that while the Shiba Inu token maintains above this point, a bullish bias prevails. In the context of the Bollinger Bands, it may mean a test of seller reaction at the upper curve, which currently stretches at $0.00003191, which is up 50% from the current level.

Source: TradingView

If the price of the Shiba Inu token loses this support, though, a drop down to $0.00001075 becomes the main scenario, and this risk the same 50% move for SHIB, but in this case downward.

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Thus, in terms of the future of the Shiba Inu token, there are really two equal possibilities, with either a rise worth 50% or a dump by the same margin.

Considering the fact that the period from January to March is considered the most prosperous for the cryptocurrency market, as drawn from price history, and the fact that SHIB holds strong above the crucial price point, it is safe to say the former scenario right now is more probable.

Shiba Inu (SHIB) Eyes Major 50% Move as Bollinger Bands Signal

Shiba Inu (SHIB), the popular meme-based cryptocurrency, is showing signs of a potential major move as its Bollinger Bands signal a possible 50% increase in price.

The Bollinger Bands, a technical analysis tool that measures volatility and potential price movement, have been tightening around SHIB’s price chart, indicating a period of consolidation and potential breakout.

With the bands squeezing closer together, traders are anticipating a significant move in either direction. However, with SHIB currently trading at a crucial support level, many analysts believe that the cryptocurrency is primed for a major uptrend.

If SHIB breaks out of its current consolidation phase and surpasses key resistance levels, a 50% move to the upside could be on the horizon. This would mean a substantial increase in SHIB’s price and potentially lead to renewed interest from investors.

As always, it is important to exercise caution and conduct thorough research before making any investment decisions. Keep an eye on SHIB’s price action and volume to gauge the likelihood of a major move in the near future.

Tags:

Shiba Inu, SHIB, cryptocurrency, Bollinger Bands, technical analysis, price prediction, trading signals, market analysis, crypto news, cryptocurrency update, SHIB price movement

#Shiba #Inu #SHIB #Eyes #Major #Move #Bollinger #Bands #Signal

January 17, 2025