Shiba Inu – BitcoTasks BLOG

Shiba Inu Accumulation: Whales Pull Out $4 Million From Exchanges, Can SHIB Recover?

September 12, 2024

Popular meme coin Shiba Inu (SHIB) has experienced a relatively calm period of on-chain activity in recent weeks. This calm pace has been mirrored in the token’s price action, which has remained largely stable without any major fluctuations. However, despite this apparent lull, a trend of significant SHIB outflows across various crypto exchanges has emerged…

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Shiba Inu Recovery To $0.000081 ATH Levels Still In Play

September 6, 2024

Shiba Inu

Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August. This notable decline has culminated…

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Shiba Inu Breaks Above Trendline: Can The Bulls Drive SHIB To $0.00002045?

August 24, 2024

Shiba Inu

Shiba Inu (SHIB) has recently surged past a key bullish trendline, sparking fresh optimism among traders and investors. This breakout marks a significant shift in momentum that could pave the way for a potential rally toward the $0.00002045 level. As the market eyes this potential rally, all attention turns to whether SHIB can sustain its…

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The Shiba Inu Shibarium Suffers 97.6% Crash In Active Accounts, What’s Going On?

August 23, 2024

Shiba Inu

Shiba Inu’s Shibarium recently suffered a major setback following a massive crash in active accounts on the layer-2 network. This development undoubtedly presents a bearish outlook for Shiba Inu, considering Shibarium’s impact on the meme coin’s price. The Shiba Inu Shibarium Records 97.6% Crash In Daily Active Accounts Data from Shibariumscan shows that the layer-2…

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Here’s What’s Going On With The Shiba Inu Price

August 21, 2024

Shiba Inu

The Shiba Inu (SHIB) price has remained lackluster for a while now, with the second-largest meme coin by market cap still below the crucial price level at $0.00002. This unimpressive price action is thanks to several factors, including Bitcoin’s tepid price movement. Why The Shiba Inu Price Is Down Shiba Inu’s price has been on…

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Shiba Inu Secures Community Support To Rally To $1, Here’s How

August 20, 2024

Shiba Inu

The possibility of Shiba Inu rising to $1 is one crypto community members look to support. This follows a recent poll by the crypto exchange CoinW, which showed that others besides the SHIB community believe such a price target may be attainable. Shiba Inu Rising To $1 Gains Community Support In an X (formerly Twitter)…

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Prepare For Impact: Shiba Inu Whales Increase Their Holdings By 600% In A Single Day

August 15, 2024

Shiba Inu

Reports have revealed that Shiba Inu (SHIB) whales have dramatically increased their holdings by a whopping 600%. This massive SHIB accumulation signals investors growing confidence in the popular meme-based cryptocurrency. SHIB Whales Increase Holdings By Almost 600% In just a single day, Shiba Inu whales increased their holdings by approximately 596%. According to IntoTheBlock’s data,…

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Why Is The Shiba Inu Price Crashing Today?

August 5, 2024

Shiba Inu

With the Bitcoin price crash over the weekend, the prices of other cryptocurrencies such as Shiba Inu have followed sharply. The result of this has been a double-digit price crash for Shiba Inu, alongside other altcoins. Naturally, the rapid decline has raised questions, with industry stakeholders wondering what is driving this massive crash. Shiba Inu…

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Shiba Inu’s NVT Ratio Sees Drastic Increase, Is A Rise To $0.00003 Still Possible?

July 29, 2024

Shiba Inu

The Shiba Inu (SHIB) network value to transactions (NVT) ratio has come into focus, with the meme coin currently enjoying an uptrend. However, this metric suggests that Shiba Inu could soon hit a roadblock on its journey to $0.00003. Shiba Inu NVT Ratio Is On The Rise Data from the on-chain market intelligence platform Glassnode…

Shiba Inu’s NVT Ratio Sees Drastic Increase, Is A Rise To $0.00003 Still Possible? Read More »

Shiba Inu, XRP Forming Bullish Divergence, Analytics Firm Reveals

July 27, 2024

Shiba Inu

The on-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among altcoins that are seeing a bullish divergence on the MVRV Z-Score. MVRV Z-Score Says XRP And Shiba Inu Traders Are Seeing Losses Currently In a new Market Value to Realized Value (MVRV) ratio” is a popular indicator that, in short, measures…

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End Of The Road? Shiba Inu’s Shibarium Sees Massive 80.3% Crash In Active Accounts

July 25, 2024

Shiba Inu

The Shibarium network, an Ethereum Layer 2 network that was developed and launched by the Shiba Inu team, did well following its initial launch in August 2023. However, less than one year following its launch, the Layer 2 network has run into some hard times, losing market share to larger counterparts. This has led to…

End Of The Road? Shiba Inu’s Shibarium Sees Massive 80.3% Crash In Active Accounts Read More »