Shiba Inu’s Sheboshi non-fungible token (NFT) launch has sparked excitement within its community, leading to a surge in market activity. Influencer Lucie announced on X (formerly Twitter) that the project aims to innovate and grow the ecosystem. Moreover, the Shiba Inu’s development team is pushing the project beyond its meme coin image by introducing practical applications, such as the Shibarium Layer 2 network and the SHIB Identity blockchain initiative. In addition, the Shibarium network’s transactions surged to 3.95 million, stabilizing at 2.78 million. This highlights increased crypto market engagement. On top of that, the total value locked (TVL) in Shibarium
The Shibarium Layer-2 network has been a busy hub, facilitating 310 million transactions in its mission to combat Ethereum’s soaring fees, which have hampered widespread adoption. As the developer community ramps up its efforts, the SHIB token is showing signs of recovery after an 85% drop from its 2022 peak. Unlike its canine-themed counterparts, Shiba Inu does not rely solely on celebrity tweets to gain attention. Instead, the team is actively developing the platform, and this proactive approach appears to be popular with investors. Ali, a well-known crypto analyst, notes that the current market conditions are similar to previous accumulation
The popular memecoin Shiba Inu has reclaimed its position as the 15th largest cryptocurrency by market capitalization. With a notable surge of 13.6% in the past 24 hours, the bullish momentum of the canine coin can be attributed to the growing rate of Shiba Inu (SHIB) token burns. The SHIB Army community has successfully burned approximately 341 million SHIB tokens in just five transactions within a single day. This impressive burn rate comes close to last week’s total of 377 million SHIB tokens burned, demonstrating the commitment of SHIB holders. As of now, SHIB is trading at $0.00000832, as reported
Shiba Inu (SHIB) has emerged as the most traded asset on CoinSwitch, India’s leading crypto exchange, according to recent reports. The surge in trading volume for SHIB on the platform coincided with the week spanning April 15 to April 20, during which it surpassed Bitcoin (BTC) as the most traded coin. Shiba Inu’s growing popularity is evident on other Indian crypto exchanges, including WazirX, where it was the most traded asset for the past year. WazirX’s end-of-year report revealed that 27% of first-time cryptocurrency buyers on the platform purchased SHIB, while 50% of all SHIB tokens traded on the platform
Shiba Inu and its layer-2 technology platform, Shibarium, are both seeing significant growth, with Puppynet, the beta testnet, exhibiting an incredibly rapid expansion. Within the first week of its relaunch on March 24, Puppynet had already recorded over 100,000 wallet addresses, and this growth has continued to soar. As of April 11, Shibarium has broken the 2.5 million transaction mark, with 373,696 wallet addresses already created, and an average block time of 328,985 blocks produced. On April 11 alone, 890,399 transactions were processed in just one day, with Puppynet reaching its previous record of 481,151 transactions the day before. Shiba
Shiba Inu is a cryptocurrency that was created in August 2020 as a decentralized alternative to the popular cryptocurrency Dogecoin. It is based on the Ethereum blockchain and uses the ERC-20 token standard. The name “Shiba Inu” comes from a breed of Japanese dog and was chosen because the developers of the cryptocurrency wanted to create a fun and lighthearted alternative to other cryptocurrencies. The Shiba Inu logo is a stylized image of a Shiba Inu dog’s face. Shiba Inu’s main selling point is its decentralized nature, which means that it is not controlled by any central authority or organization.
Shiba Inu is invited to participate in discussions about the metaverse by the World Economic Forum. The Shiba Inu community had been eagerly anticipating Shibarium, the platform’s metaverse initiative. Despite receiving Shiba Eternity, they were forced to wait for what seemed like an eternity before they could begin their metaverse project. But Shiba Inu’s involvement in another metaverse project was just made known to the community. Lead developer Shytoshi Kusama of Shiba Inu tweeted on November 23 that the World Economic Forum had asked Shiba to work on a number of policies. Shytoshi clarified that the project had been given
Shiba Inu (SHIB) is currently trading at $0.00000922 with a 24-hour trading volume of $327,077,480, according to CoinMarketCap. SHIB, on the other hand, has dropped by nearly 0.2% in the last 24 hours. Furthermore, there are 589,372,293,271,537 Shiba Inu (SHIB) in circulation. Shiba Inu (SHIB) is currently traded on some of the largest crypto exchanges including Binance, Coinbase Exchange, KuCoin, OKX, MEXC, and Gate.io. What is Shiba Inu (SHIB)? Shiba Inu (SHIB) debuted on the Ethereum blockchain and is also available on the Binance Smart Chain (BSC). Ryoshi, a pseudonymous founder, created and launched this popular meme coin in 2020.
DOGE whale has moved nearly one billion Dogecoin and two trillion Shiba Inu over the last two days. A staggering amount of DOGE was sent on the blockchain, according to Whale Alert, a service that tracks massive transfers of crypto on different chains. The two whale transactions totaled nearly one billion DOGE in just two days. This is the larger amount of DOGE was transferred the previous day. Around 386,000,000 DOGE were sent from an unidentified wallet. Whale Alert discovered that 386,082,773 Dogecoins were transferred between two anonymous wallets. The estimated value of these meme coins is $25,187,368. This is