Cryptocurrency News Official TheBitTimes.com

Shiba Inu (SHIB) witnessed a meteoric rise soon after its launch in August 2020. Within just one year, the token reached its all-time high. Early investors who got into SHIB when it was trading with about ten zeros after the decimal became multi-millionaires and, in some cases, even billionaires. If you put $1000 into Shiba Inu (SHIB) in August 2020, you would have received tens of trillions of SHIB tokens. The value of the $1000 investment would have grown to a whopping $7.58 million in November 2023. The increase in the portfolio’s value translates to a growth of about 758,703%. Also Read: Shiba Inu vs. XRP: Which Will Gain More by Christmas 2023? Source: Changelly However, if you had decided to sell when Shiba Inu (SHIB) reached its all-time high in October 2021, you would have walked away with an eye-watering $75.39 million. The trade would have resulted in a profit of about 7,539,215%. Source: Changelly Is buying Shiba Inu in 2023 a loss? Source – Outloo...

In the constantly evolving realm of crypto currencies, Shiba Inu (SHIB) has once again demonstrated its commitment to innovation. Over the weekend, the Shiba Inu development team made a significant announcement that reverberated throughout the crypto currency community. They introduced a 72-hour countdown for the launch of their distinctive self-custodial identity for Shiba Inu. This revelation closely followed the recent introduction of Shibarium, a layer 2 scaling solution designed to enhance the capabilities of the SHIB crypto currency. With this latest revelation, Shiba Inu is positioned to redefine the landscape of blockchain technology. According to the official statement, the self-custodial identity initiative is described as a “game changer.” The Shiba Inu team firmly believes that it will bring about a “monumental shift in the blockchain world.” These bold statements have ignited the enthusiasm of the Shiba Inu community, affectionately known as the ...

Shibarium’s transaction volume skyrockets by 493% in a single day, marking key milestones for the Shiba Inu ecosystem. Shibarium, the blockchain associated with the popular meme token Shiba Inu (SHIB)—has recorded a massive uptick in transactions . Within a single day, the platform has seen its transaction count escalate by 493%, jumping from 12,690 to an overwhelming 62,570.  Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, indicated on Tuesday in a Telegram group that the blockchain will explode with activity in the coming days as the crypto market rallies. Transactions on Shibarium have been increasing throughout October, but today marked a record surge for the network.  According to Shytoshi #Shibarium is about to explode with activity.. pic.twitter.com/hA4mmnGBmv — ShibariumGem (@Shibariumgem) October 24, 2023 This remarkable increase, the largest since its full operational status in August, has elevated the total transactions on...

Shiba Inu has sustained elevated trans action volumes on its network even as its price drops amid a wider crypto market decline. According to data from IntoTheBlock, SHIB saw $4.48 trillion in 24-hour trans action volume on October 9th. This came after volume spiked from $1.76 trillion on October 7th to nearly $4.7 trillion on October 8th. The totals suggest high on-chain activity despite SHIB trading up by just 1% over the past 24 hours, around $0.00000689. Also read: Sam Altman Talks About US Govt’s Crypto Clash on Joe Rogan Shiba Inu holders actively moving funds Surging trans action volumes can signal both trading activity and non-speculative token movement. It can often hint at trend reversals brewing during periods of volatility. The data indicates that SHIB holders are actively moving tokens around amid recent selling pressure. The increased volume may suggest panic selling along with possible accumulation by large investors. Also read: Ethereum Found...

Shiba Inu was launched back in 2020 and has come a long way since inception. Within a short span of time, the project managed to create a loyal “army” of its own. The SHIB Army is quite vocal on social platforms like X [formerly Twitter], and Reddit. In fact, community members keep having regular discussions and constructive debates about every major and minor development. The asset’s price has also seen a steep incline over the years. From starting with almost two handfuls of “zeros” to knocking more than half of them out, SHIB has grown by leaps and bounds. When asked about the future, the My AI chatbot affirmed that exciting things lie ahead for Shiba Inu. Specifically, it pointed out that SHIB has managed to garner a lot of attention lately, and as a result, lucrative opportunities could be in the cards for the asset. Source: Chat Snapshot with My AI Chatbot Also Read: Shiba Inu: A $1,000 Investment Turns to $15 Million in Sept. 2023 What’s Next for SHIB? Ov...

The crypto -verse is full of mysteries. The actions of whales play a significant role in the crypto ecosystem, as they help the community monitor substantial transactions that have the potential to impact the market. While whale movements are frequent, there is one specific transaction that has captured the attention of the entire community. A crypto whale moved billions of Shiba Inu [SHIB] tokens into an exchange that recently announced its shutdown. A significant crypto whale executed a notable transaction by transferring an astounding amount of 499.62 billion SHIB to the Hotbit crypto exchange. What makes this move even more astonishing is the fact that the whale had remained inactive for a prolonged period of 7.5 months before making this transfer. Surprisingly, this whale has a remarkable return on investment [ROI] of over 200%. This was due to its decision to liquidate its holdings of SHIB, which were purchased at higher prices in 2022. SpotOnChain, a market tra...

The Shiba Inu community has long awaited continued development in the asset ecosystem. Yet, as anticipation for the mainnet release only grows, the Shibarium team promises good news coming “very soon,” with many curious as to what that news could be.  The hint was given by one of the admins of the Shibarium Tech channel on Telegram. Moreover, the answer was given in response to a question asking when good news could come. Subsequently, replying that it would be arriving very soon triggered a host of excitement from users.  Source: Shibarium Tech Telegram Shiba Inu: Shibarium Team Readying “Good News” The Shiba Inu Army has been waiting patiently for the mainnet launch of Layer 2 protocol, Shibarium . Moreover, community members have also been awaiting the newly announced Shibarium Bridge feature. Yet, although no concrete information was given, The Shiba Inu community was told by the Shibarium team that good news was going to come “very soon.” Conversely, when asked ...

Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the biggest and most popular memecoins. So much so that early Bitcoin (BTC) adopter Davinci Jeremie says that he will sell his Cardano (ADA) and buy SHIB and DOGE. In the video, Jeremie shows his “physical cryptocurrencies.” The actual coins include BTC, SHIB, ADA, DOGE, Ethereum (ETH), and Litecoin (LTC). The video is available on TikTok and is making the rounds in the SHIB community. Jeremie is famous for posting a video on YouTube back in 2013, where he urged people to buy Bitcoin (BTC). REMEMBER Early Bitcoin Investor Turned Millionaire Davinci Jeremie saying: “ I’m gonna be selling my CARDANO for my #SHIBA “. $SHIB #SHIB #SHIBA #ShibaInu #Shibarium #SHIBARMY #ShibaArmy #SHIBARMYSTRONG #SHIBDELETEAZERO https://t.co/DlHYz8N6r7 pic.twitter.com/xx8WxEmL4H — SHIB Bezos (@BezosCrypto) April 30, 2023 Furthermore, this is not the first time Jeremie has showered support to the Shiba Inu (SHIB). Earlier this year, a Twitter...

After months of waiting and speculating, Bitcoin [BTC] finally made it past $30K. As the entire crypto community celebrated this milestone, the rest of the assets in the market followed suit. As Ethereum [ETH] inched closer to $2K, Solana [SOL] rose by 9.74%. Sadly, meme coins like Dogecoin [DOGE] & Shiba Inu [SHIB] weren’t doing as well as expected. Meme coins have managed to grab the attention of the entire world. Both Dogecoin and Shiba Inu are undoubtedly among the most popular crypto assets out there. However, unlike the others, both these coins pocketed limited gains over the last trading session. Dogecoin was trading for $0.08474 with a dainty surge of 2.17% over the last 24 hours. Shiba Inu, on the other hand, was sailing on the same boat, with only a 2.29% increase. Furthermore, SHIB was priced at $0.00001115. The reason behind this has a lot to do with the nature of the rally. As seen over the last couple of days, Dogecoin spiked right after Elon Musk chan...

March proved to be a tumultuous month for the cryptocurrency ecosystem. With volatility written all over the market, several assets benefitted from the asset’s highs and lows. Amidst this, the social volume and presence of these cryptocurrencies also followed suit. As the month comes Lunar Crush shared a chart that showed the social emergence of Bitcoin [BTC], Ethereum [ETH], and others while meme coins like Shiba Inu [SHIB] lagged. March 2023 is coming to an end. Here are the top 10 coins by one-month LunarCrush AltRank:$ btc #Bitcoin $eth #Ethereum$link #Chainlink $bnb #BinanceCoin $avax #Avalanche $doge # Dogecoin $matic #Polygon $sol #Solana $xrp #XRP https://t.co/uMtMd3PkwF… pic.twitter.com/oU6W8TL2mr — LunarCrush (@LunarCrush) March 30, 2023 As seen in the above chart, Bitcoin led the rest of the assets as the king coin surged to a high of $29,159 this month. Ethereum’s Shapella upgrade allowed the asset to land a second place on the list. Surprisingly, Chainlink [LINK] too...

Shiba Inu was launched back in 2020 and the beloved token has come a long way. The project was explicitly launched as a Dogecoin-killer. In fact, the first-ever logo of the Shiba Inu token had the said phrase engraved on it. Within a short span of time, the project managed to create a loyal “army” of its own. The SHIB Army is quite vocal on social platforms like Twitter. In fact, community members keep having regular discussions and constructive debates about every major and minor development. Moreover, at press time, the hashtag “ShibaInu” was a trending topic under the “Business & Finance” genre on Twitter. Source: Twitter The asset’s price has also seen a steep incline over the years. From starting with almost two handfuls of “zeros” to knocking more than half of them out, SHIB has grown by leaps and bounds. In fact, several investors have become multi-millionaires overnight. Back in 2021, Shiba Inu went on to rally by a whopping 1636% in a period of fewer than t...