shib – CetoEX News Inform Trends & Happenings

Shiba Inu Network Witnesses 43% Surge in Large Transactions Ahead of ‘Major’ Listing

Howdy — Sun, 21 May 2023 02:20:06 +0000

Cetoex News – Amidst the ongoing meme coin frenzy, relatively older meme coins like Dogecoin [DOGE] and Shiba Inu [SHIB] continue to remain relevant. The increased number of transactions in these respective networks and adoption proves the same. The Shiba Inu, in particular, has been moving ahead untethered by the advent of new meme coins like PEPE.

While the top ten crypto assets experienced a significant decline in terms of large transactions, Shiba Inu (SHIB) was moving in the opposite direction. According to data from IntoTheBlock, the Shiba Inu network noticed a notable increase in large transactions, reaching a value of $9.9 million. This surge occurred within the last 24 hours, representing a significant rise of 43.78%.

It is worth noting that a significant portion of these transactions in the Shiba Inu network was attributed to whale investors. Data further indicated that the majority of SHIB holders, accounting for 67.35%, are whales. Retail investors make up 20.44% of the holders, while the remaining 12.21% represented other types of investors. This data suggested that a considerable influence on the network’s transactions is exerted by a relatively small number of large holders.

Digitra.com opens its doors to Shiba Inu

A prominent Brazilian crypto exchange, Digitra.com recently onboarded SHIB through a listing. This listing is pertinent for the network as it reportedly carries out trades with zero fees.

The listing came with several other perks. In celebration of the SHIB listing, Digitra.com initiated a giveaway contest with a prize pool of 200 Digitra tokens [DGTA]. The giveaway is accessible to all verified account holders of Digitra.com. To participate, users are required to follow Digitra.com’s official Twitter account and demonstrate their support by liking the SHIB giveaway tweet before May 23.

Additionally, another listing could be on the way for SHIB. Bahrain-based exchange CoinMENA was seen teasing the community with its upcoming listing. Nevertheless, the exchange tagged SHIB-related individuals giving away details of the listing.

Despite these developments in the meme coin market. The price and profitability of SHIB remain in the red zone. At press time, SHIB was trading for $0.000008678 with a 1.45% daily drop. Sadly, 81% of SHIB holders were at a loss and only 16% were pocketing profits.

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Shiba Inu, Cardano, Ethereum: Is It Finally Time To Buy Altcoins?

Howdy — Fri, 10 Mar 2023 01:57:53 +0000

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credit – InvestorPlace

Cetoex News – Most crypto assets have been shedding value of late. Recent pessimistic developments like Silvergate’s shut down, have only deepened the market’s wounds further. On Thursday, the aggregate valuation of all the assets stood below the $1 trillion mark, at $995.17 billion to be precise.

Bitcoin’s price has been hovering below the $22k threshold, while Ethereum tumbled below $1.6k. Unlike the top two’s 2% depreciation, other Altcoins from the market like Shiba Inu and Cardano have shed 3%-6% of their respective values over the past day.

The mid-term landscape also seems to be similar. Blockchain Center‘s Altcoin Season Index pointed out that the market is currently no where close to its “Altcoin Season.” According to the thumb rule, if 75% of the top 50 coins outperform Bitcoin in a period of 90 days, it is considered to be an Altcoin season.

The press time reading of 24 and the pendulum oscillating towards “Bitcoin Season,” indicated that BTC currently has an edge over top Altcoins at the moment. However, this is a blessing in disguise for the latter set of coins.

Source: blockchaincenter.net

Disguised opportunity for buyers

Altcoins have been bleeding for quite some time now. With traders realizing losses, many of them have started flashing underbought signals. Like shown below, most assets have been revolving in their “opportunity zone” currently. This indicates that it might finally be the right time to accumulate. Confirming the same, Santiment tweeted,

“If you have been awaiting the time to buy Altcoins when there is blood in the streets, our MVRV model indicates that this time has arrived.”

MVRV is typically the market value of an asset relative to its realized value. This indicator helps to indicate if the price is above or below the “fair value.” Retrospectively, the MVRV also helps to assess the profitability.

Even though the current scenario seems to be ideal for accumulation, the analytics platform went on to caution investors by clarifying,

“Prices can of course still fall further, but this is the most crypto assets have been in opportunity zones since early January.”

Source: Santiment

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Shiba Inu: Is Shibarium Launching on Valentine’s Day?

Howdy — Sun, 22 Jan 2023 03:35:42 +0000

credit – Unsplash.com

Cetoex News – Shiba Inu’s Shibarium is a widely anticipated launch. Not just the SHIB Army, but now, the entire cryptocurrency community is also looking forward to this launch. The rollout of the Layer-2 upgrade has been constantly delayed throughout the last year. However, the network recently revealed that Shibarium’s beta version “is about to be launched.” This could be sooner than expected as Shiba Inu’s lead developer changed his Twitter bio with a cryptic message.

Shytoshi Kusama, the lead developer at the Shiba Inu ecosystem has remained rather low-key throughout the last couple of months. However, earlier today, Kusama changed his Twitter bio creating quite a buzz among the community.

“tending the Pine Tree of Life. Quickly learning to play the flute before putting Shibarium in a heart-shaped box with a bow.”

Kusama has repeatedly shown his preference for Japanese art. As a result, given that he mentions the flute, which is used in an Eastern ceremonial of gift-giving, this message may be strongly tied to either China or Japan.

However, the developer also mentioned how he intends to put “Shibarium in a heart-shaped box with a bow.” This could mean that the Layer-2 update could be launched on February 14, which is Valentine’s Day.

Will Shiba Inu be able to maintain its ongoing rally till Valentine’s Day?

Shiba Inu has been one of the top-performing assets throughout the week. With an 18.16% weekly surge, the community hopes to see the persistence of this trend. However, this rally was interrupted yesterday following an 11% drop. Despite this, the meme coin was back in action with a 2.47% daily surge. At press time, SHIB was trading for $0.0000114.

In the meantime, new holders were entering the Shiba Inu ecosystem ahead of Shibarium. Shibaraium is expected to bring about significant changes to the network. Elaborating on the same, the network previously stated,

“This layer aims, as a protocol, to work on top of existing blockchain networks, allowing for faster, cheaper, and more private transactions to be processed off-chain, while still relying on the security of the underlying blockchain.”

The total addresses in the network were on the verge of hitting an all-time high. The current holder count of SHIB is 1,284,449.

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Shiba Inu is Now Listed by Centralized Crypto Exchange, TeraExchange

Howdy — Sat, 07 Jan 2023 02:42:18 +0000

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Source: Crypto NewsIn a Twitter post today, it was announced that Shiba Inu is now listed on the centralized crypto exchange, TeraExchange. The post highlighted the platform’s excitement about one of the most popular meme coins now being available for trading on the centralized platform.

The announcement specified that SHIB will be available for trading against the Tether (USDT) stablecoin beginning on Jan 7. Moreover, the development marks one of the first meme-coin investment opportunities ever offered by TeraExchange.

SHIB Trading on Up and Coming Exchange

There is no underselling just how passionate and strong the Shiba Inu community stands. Proclaiming themselves as the SHIB Army, the meme coin sports a collection of ardent believers that work to propel the token to its maximum applicative value.

Those efforts have taken a major step forward today, as Shiba Inu has been listed on the centralized cryptocurrency exchange, TeraExchange. Furthermore, the addition of SHIB grows its collection of spot trading assets, which already includes Bitcoin, XRP, Cardano, Ethereum, and various altcoins.

TeraExchange is a project developing within the Terareum ecosystem. Additionally, that includes the Terareum blockchain, Terapay, and Terapool. Conversely, the announcement of the centralized exchange adding SHIB comes following one of the meme coin pairing removals by Binance.

Source: Pixabay

The world’s largest cryptocurrency exchange by trading volume removed its SHIB/GBP pair due to reported low liquidity. However, there remain other pairings for SHIB traders, with it seen across various trading platforms within the market.

Alternatively, the SHIB/USDT pairing on Binance remains one of its highest trading volumes with $30.5 million. Furthermore, Shiba Inu is still the 16th-largest cryptocurrency by market cap, sporting a valuation of nearly $4.5 billion.

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How Many ‘Zeroes’ Shiba Inu Deleted From January 2022 to 2023?

Howdy — Tue, 03 Jan 2023 02:36:46 +0000

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Credit – Pixabay.com

Shiba Inu was launched at a modest price of $0.000000000972241 on August 1, 2020, and routinely deleted several ‘zeroes’ over the years. The dog-themed token added an extra ‘zero’ in 2020 after dramatically crashing by the end of that year. However, lucky are the ones who took an entry position then, as Shiba Inu went on a ‘zero’ deleting spree. SHIB’s fortunes changed in 2021 as it deleted four ‘zeroes’ in 10 months making early investors millionaires.

Even a mere $650 investment into SHIB made investors millions leading them to quit their jobs and enjoy financial freedom.

Here’s How Many ‘Zeroes’ Shiba Inu Deleted From January 2022 to 2023

Source: DailyHodl.com

Shiba Inu jumped 1,000% in October 2021 and reached its all-time high of $0.00008616. The dog-themed token remained to be the talk of the town during that period with everyone jumping on its bandwagon.

SHIB spiked after rumors swirled in the crypto sphere that Robinhood could list the token. However, Robinhood listed Shiba Inu on April 12, 2022, opening the floodgates to millions of users to grab the token.

In January 2022, Shiba Inu was trading at $0.00003416 (four ‘zeroes) but the bear markets pulled its price down. In January 2023, Shiba Inu is trading at $0.00000820 (five ‘zeroes’) and added an extra zero in the indices.

credit – Watcher Guru.com

SHIB added the extra ‘zero’ in November 2022 after the FTX-induced crypto crash and never recovered again. SHIB is only moving backward since then with little to no price bursts.

However, the price dip isn’t stopping whales from accumulating the token as data shows the ETH-richlist buying millions worth of SHIB during its drop.

At press time, SHIB was trading at $0.00000820 and is up 1.5% in the 24 hours day trade. SHIB is down 90.5% from its all time high of $0.00008616, which it reached in October 2021.

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83 Billion SHIB Burned in 2022 as Next Year Could Bring More

Howdy — Mon, 02 Jan 2023 02:44:45 +0000

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credit – The Coin Republic.com

Once again, the SHIB Army proved why they are one of the most passionate communities in the crypto industry. According to data from SHIB Burn Tracker, a massive 83 billion SHIB was burned in 2022. Yet, with developments incoming for the Shiba Inu ecosystem, there is a chance the coming year could increase that burn rate.

The data showed that at an annual average price of $0.000021, the years SHIB burned equates to $1.74 million. Additionally, those 83 billion Shiba Inu tokens are 0.014% of the total supply that was present at the start of the year.

Credit – Cryptonews.com.com

SHIB Burns Thrived in 2022

There is no denying that the burning of the popular meme coin, Shiba Inu, is always a topic of conversation for the crypto community. Regardless of how individuals feel about the popular token, it has proven to have a committed community.

Again, that has shown itself to be accurate, as 2022 saw the massive 83 billion SHIB burned. Moreover, a deeper look at the data shows that the most active month for burns came in May when more than 31 billion SHIB was transferred to dead addresses.

Credit – Analytics Insight.com

Conversely, that particular month also represents the biggest Shiba Inu price drop of the year, falling 41.82% in a month. Interestingly, prior to May, the number of SHIB burning became lower each month. Subsequently, the number barely surpassed 500 million in the month of December.

SHIB Burning in 2023

The outlook of Shiba Inu in the coming year is an interesting one for a variety of factors. First, the operational tendency of SHIB burning is a counterintuitive one. Data shows that the more that SHIB is worth, the more that the community burns it. Normally, the opposite would be true.

That facet of the token being understood means that how much SHIB is burned next year depends primarily on macroeconomic factors. Moreover, global market conditions will likely factor greatly into the price, thus into the Burn rate.

Secondly, Shiba Inu developers have long been teasing the growing products for the meme coins ecosystem. Consequently, the token will undoubtedly be impacted by the long-awaited arrival of Shibarium. Additionally, U.Today notes that the arrival of the protocol, as well as the Shiba Eternity game, are expected to heavily affect SHIB burns in 2023.

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Shiba Inu: Shib Army Launches new VIP Social Platform

Howdy — Wed, 28 Dec 2022 02:41:25 +0000

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credit – Crypto News Flash.COM

The popular dog-themed crypto project, Shiba Inu (SHIB), has one of the most active userbases in the industry. They collectively called the SHIB Army and push for further adoption of the crypto token. The group often finds creative new ways to advertise their favorite tokens, many times to score big listings. What’s worth pointing out is that the SHIB Army is successful in many aspects.

The latest initiative by the Shiba Inu (SHIB) group is the launch of a VIP social network platform. The new venture is live and, in the last 24 hours, has gathered 350 members.

Users of the SHIB social network can submit their articles and blog entries, play games, visit websites relevant to the SHIB, read the news feed, view movies, and even apply for jobs.

Source: u.today

New Shiba Inu partnership?

Although 2022 has turned out to be one of the worst years for the crypto industry, SHIB has had some success with its partnerships. However, we may be getting some new collaborations very soon. Lead developer Shytoshi Kusama has made a few unusual additions to its Twitter account. Kusama has changed its bio to “WE are not alone” and changed the location to “with a new fren…guess who.” The words do seem to imply a new partnership, however, there is no official confirmation.

Source: Twitter.COM

The update could also have something to do with the upcoming Shibarium launch, which is currently in its beta stage. Shibarium is a layer-2 network for Shiba Inu (SHIB) and is one of the most anticipated launches from the project. Many expect the network to debut in early 2023, although it was initially set for a Q3 2022 launch.

At press time, SHIB was trading at $0.00000832, up by 0.2% in the last 24 hours. However, the token is down 7.2% in the last 14 days.

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What Is The Shiba Inu Hold Time Period For Max benefits ?

Howdy — Mon, 26 Dec 2022 04:48:26 +0000

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Cetoex News – The on-going bear market shows no sings of coming to an end. As a result, asset prices remain to be stagnated. Over the past hour and week, Shiba Inu has registered minor gains under 0.5%. Over the past day, nonetheless, the RoI stood in red. Market participants, however, have not yet given up hope.

On Coinbase, for instance, the typical hold time by investors is currently 213 days. The same marks a slight increase from mid-December. While the asset ranked fifteen on CMC based on market cap, it managed to bag the twelfth spot popularity wise on Coinbase.

Shiba Inu Market Stats |credit – Coinbase.com

The Macro Shiba Inu Trend

The larger picture also seemed to be quite encouraging at press time. Data from ITB revealed that the number of participants holding their asset for a period of more than a year have risen by 10.29% over the past month. In terms of absolute value, the number stood at 718.63k at press time.

The number of mid and short term holders, on the other hand, have been on the fall. As illustrated below, the number of participants holding SHIB fo1-12 months and <1 month has shrunk by 9.6% and 29.6% respectively. At press time, the SHIB ecosystem had 446.12k cruisers and 56.9k traders.

The change in holding dynamics points towards the refinement taking place within the ecosystem. More so, because paper hands have been exiting and diamond hands have been entering into the space.

Shiba Inu Addresses By Time Held | Source: ITB

On the price front, SHIB is a position to pull off a 20% rally over the short term, provided the macro conditions and buying momentum favor it. Doing so will help it break above the psychological $0.00001 mark.

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Shiba Inu: Is A 20% Rally To $0.00001 On The Cards?

Howdy — Sun, 25 Dec 2022 04:49:12 +0000

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Cetoex News – The state of the crypto market has been quite monotonous of late. Over the past day, the aggregate valuation of all crypto assets from the market noted a mere 0.06% deviation. As a result, the global crypto market cap reflected a value of $812 billion at press time.

With Christmas just round the corner, market participants have been anticipating a hype-induced rally. So, in this article, we’ll analyze if Shiba Inu can pull off an uptrend over the short term or not.

Even though the state of the market has been quite wobbly, Shiba Inu has managed to maintain a market cap of over $4.5 billion. With neither bulls nor bears being able to assert their dominance, the price of the asset has remained almost unchanged over the past day.

Data from IntoTheBlock revealed that Shiba Inu is on the verge of stepping into its largest resistance zone from the on-chain perspective. As illustrated below, at an average price of $0.00001, a whopping 316.05k addresses have bought 190.89 trillion Shiba Inu tokens.

This means, as soon as SHIB approaches the psychological $0.00001 level, it will be put to test by these buyers, who’ll be triggered to cash out when they break-even.

Source: IntoTheBlock.com

Is Shiba Inu’s Path To $0.00001 All Clear?

Seemingly not. SHIB has a couple immediate resistances that it will have to clear before attaining the said level. At the moment, the asset’s price has established strong support around $0.00000814. From here, it will first have to clasp onto $0.00000888 before heading towards its EMAs.

Since mid-September, the 50 EMA [yellow] has obstructed SHIB from climbing above it. So, only if the asset’s price manages to establish base around $0.00000888, it’d become easier for bulls to attempt to break above the said hurdle at $0.00000924.

From thereon, another uptick to the 100 EMA can transpire if the bullish momentum persists. That EMA coincides with the psychological $0.00001 mark and the average buy price of the on-chain resistance cluster. Attaining the said level will transpire into a 20.96% rally for Shiba Inu.

If bulls succumb and bears manage to take over the driver’s seat over the next few days, then, a dropdown to its early-June support around $0.0000074 can be expected.

Source: TradingView.com

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Shiba Inu: ETH Whales Hold Over $52 Million Worth SHIB

Howdy — Tue, 20 Dec 2022 01:02:17 +0000

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Cetoex News – Shiba Inu has always been a whale favorite. The top ETH whales have been following a recurring pattern of buying and selling SHIB frequently. Whales have been buying billions of SHIB, selling when there is a price spike, and buying back when there is a drop in value.

Meme coins have started to develop more demand and utility, thanks to the slew of developments and updates that the teams release. However, an array of unforeseen events have stopped the prices of these coins from performing well.

As per the data from WhaleStats, a whale analyst, the top 5,000 ETH whales now hold over $52 million worth of SHIB.

Shiba Inu is a whale favorite

WhaleStats’ data reveals that the top 5,000 ETH whales hold $52,645,491 worth of SHIB. As per the calculation with the current price of SHIB, the value amounts to 6,274,326,432,748.538 SHIB. An analysis of the top 100 ETH whale holdings reveals that SHIB is number seven out of the top-ten holdings. The average amount held accounts for $504,350, or 58,127,623,376.

SHIB holdings account for 2.33% of the total whale holdings. The meme coin is trading at $0.000008531 at press time. The 24-hour trading volume has also dropped by 38%.

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