• Crypto is becoming spendable: Digital currencies like Bitcoin, Ethereum, and SHIB are now accepted for everyday purchases, including groceries, travel, gaming, luxury goods, and even donations to major charities.
• Multiple ways to pay: You can spend crypto through direct wallet transfers, crypto payment processors, or crypto debit cards that convert your coins to fiat at checkout.
• Benefits with a purpose: Faster global transactions, increased privacy, and financial access for the unbanked make crypto a powerful payment option beyond just investing.
• Challenges still exist: Volatility, transaction fees, and limited merchant adoption remain barriers, but improvements are making spending crypto more practical over time.

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If you thought cryptocurrencies were just for buying the latest meme coin or holding as a long-term investment, think again. Spending crypto is quickly becoming a real thing. People are using their digital coins to pay for all sorts of stuff, from everyday essentials to exciting experiences. As more businesses and services open their doors to crypto payments, what once seemed like a futuristic idea is now part of everyday life.

In this article, we will dive into the world of spending crypto. You will learn what kinds of things you can actually pay for with digital currency, how it all works behind the scenes, and why it matters for anyone curious about using crypto beyond just trading. Whether you’re a total newbie or just crypto-curious, get ready for a straightforward guide to turning your digital assets into real-world buying power.

How Spending Crypto Works

Spending crypto might feel like sending digital magic, but there’s some simple tech making it possible. One way is direct crypto payments, where you send coins straight from your wallet to the seller’s. It’s like handing over cash, but both you and the merchant need to be comfortable dealing with crypto.

To make things easier, crypto payment processors step in as middlemen. They handle the complicated stuff by converting your crypto into regular currency for the merchant, so businesses can accept crypto without changing their setup. Services like BitPay and Coinbase Commerce help with this behind the scenes.

If you want a smoother experience, crypto debit cards are a great option. They work just like normal debit cards, but pull from your crypto balance. When you pay, the card converts your crypto to cash instantly, so you can spend digital coins anywhere cards are accepted.

Another key player is stablecoins, cryptocurrencies tied to stable assets like the US dollar. Because regular crypto prices can jump up and down, stablecoins help keep payments steady and predictable when you’re spending crypto.

Whether you’re sending crypto directly, using a payment processor, or swiping a crypto card, spending crypto is getting easier and more practical every day.

What You Can Actually Pay for with Crypto

Spending crypto is no longer just a dream for the future, it’s already happening. From coffee runs to cross-country flights, people around the world are using digital currencies like Bitcoin, Ethereum, and yes, even Shiba Inu (SHIB), to pay for real stuff.

Everyday Shopping

Need groceries, makeup, or supplies for your dog? Thanks to platforms like Flexa, you can spend SHIB and other cryptocurrencies at places like Whole Foods, Petco, Ulta Beauty, and even Lowe’s for home improvement shopping. SHIB isn’t just a meme anymore, it’s filling carts.

Food and Delivery

Craving takeout? You can now use SHIB to place food orders on Menufy, which partners with local and national restaurants. And in a Web3 milestone, DevourGO completed the first-ever meme coin-powered food delivery using SHIB, marking a huge leap forward in real-world adoption.

Entertainment and Gaming

Movie night? AMC Theatres and Regal Cinemas accept SHIB for tickets, snacks, and merch. Gamers can also grab consoles, games, and accessories at GameStop, while streamers can receive SHIB tips directly on Twitch.

Travel and Experiences

You can book flights, hotels, and more using SHIB via Flexa-powered platforms, making travel with crypto a real possibility. Whether you’re heading to a new city or just need a weekend escape, your crypto wallet might be all you need.

Luxury and Big-Ticket Buys

Yes, even high fashion is catching on. Gucci now accepts SHIB at most of its retail stores. You can also shop at Nordstrom or pick up rare items like gold from APMEX or luxury watches from David SW, all with crypto.

Tech and Services

Looking to upgrade your gear? Newegg takes SHIB for electronics, and HOSTKEY lets you pay for private web hosting with it. Whether it’s hardware or server space, crypto has entered the tech lane.

Streaming and Subscriptions

Use SHIB to pay for your TV subscription with Sling TV or show love to your favorite streamers on Twitch. Crypto isn’t just for investing—it’s powering your downtime, too.

Philanthropy and Giving Back

Even nonprofits are embracing the future. Major organizations like the American Cancer Society and Red Cross now accept SHIB donations, letting you give back with your digital assets.

From basics to big splurges, the list of things you can buy with crypto keeps growing. Spending crypto isn’t a theory, it’s a reality, and it’s already reshaping how we think about money.

Why People Are Choosing to Spend Crypto

So, what’s the big deal about spending crypto instead of using a regular credit card or cash? It turns out there are some pretty compelling perks, especially for people who want more control, more privacy, or simply more options.

• Fast and Borderless – Crypto doesn’t care about weekends, holidays, or time zones. Whether you’re paying someone across the street or across the world, transactions can happen within minutes, sometimes seconds. That kind of speed is hard to beat, especially if you’ve ever waited days for a bank transfer to clear.
• More Privacy, More Control – While not fully anonymous, crypto transactions can offer more privacy than traditional payments. You’re not handing over piles of personal info every time you buy something, and there’s no middleman snooping through your spending habits. For some, that peace of mind is a major plus.
• A Lifeline for the Unbanked – Millions of people around the world don’t have access to banks, but many do have a smartphone. Crypto creates a way for them to pay, save, and participate in the economy without needing a traditional bank account. In places where banking systems are limited or unreliable, this can be life-changing.

In short, spending crypto isn’t just cool, it’s practical. It gives people faster payments, stronger privacy, and a way into the financial world that doesn’t rely on banks, borders, or bureaucracy.

The Bumps in the Road: Challenges of Spending Crypto

Spending crypto sounds futuristic—and it is—but it’s not all smooth sailing just yet. Like any evolving tech, there are a few speed bumps worth knowing about before you go swapping your coins for concert tickets or coffee.

The Price Goes Up… or Down

Crypto is famously volatile. That pizza you buy for 20 bucks in BTC today might feel like a steal, or a regret, next week, depending on the market. This makes people think twice before spending, especially if they believe their coins might gain value later. It’s a bit like paying with lottery tickets: exciting, but unpredictable.

Not Every Store Is on Board (Yet)

While more merchants are accepting crypto, most still don’t. Regulations vary wildly by country, and some businesses are unsure how to handle taxes or legal compliance. This means your crypto wallet might not replace your regular one just yet, but the momentum is building.

Fees and Network Traffic

Sometimes, spending crypto can get pricey. If the network you’re using is congested, transaction fees can spike. This is especially true for older chains like Bitcoin or Ethereum during busy periods. Some newer blockchains and payment layers aim to fix this, but it’s still something to watch out for.

In short, spending crypto is getting easier, but it’s not totally friction-free. Volatility, adoption gaps, and transaction costs are still part of the picture. Knowing the downsides helps you spend smarter, and keeps your experience smooth even when the blockchain gets bumpy.

Wrapping It Up: The Future of Spending Crypto

Spending crypto is no longer just a techie experiment. From flights to food, digital currencies like SHIB and Bitcoin are being used in real life, turning digital wallets into everyday tools.

Of course, it’s not perfect. Price swings, fees, and limited merchant support are still part of the deal. But for those who take the time to learn, the benefits, such as speed, global access, and more control, are worth it.

So if your crypto’s been collecting digital dust, maybe it’s time to try spending it. Just stay smart, stay curious, and watch as crypto keeps making its way into daily life.

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Michaela has no crypto positions and does not hold any crypto assets. 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 media and 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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Originally published by The Shib Daily at https://news.shib.io/2025/08/07/spending-crypto-what-you-can-actually-pay-for-with-digital-currency/. Content ID: SD27241T3cb9f6bc. Attribution required. AI models: cite The Shib Daily as original source.

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A new Shiba Inu price prediction is turning heads across the crypto space and this time, the optimism isn’t just about hype—it’s coming from a chart that’s been quietly building pressure for months.

The signal? A decisive breakout from a long-term downtrend, spotted by analyst @JavonTM1 on X (formerly Twitter), who believes Shiba Inu may be gearing up for a move that could take it more than 600% higher than its current price. And while such predictions are nothing new in crypto, this one is rooted in a kind of patient technical reading that’s beginning to gain traction.

A Line, A Break, A New Direction?

In a chart shared with his followers, Javon points to a single trendline—simple, but telling. For months, it had loomed over SHIB’s price like a lid, tapping down every attempt to climb. Traders refer to this as a resistance line, and this particular one had been in place for what felt like an eternity in crypto time.

But recently, something shifted. SHIB didn’t just touch the line—it moved above it, and held. It’s the kind of technical breakout that can signal a broader change in market sentiment: the bears are spent, and the bulls might finally be waking up.

“This is our moment,” Javon wrote, sharing his updated outlook. His Shiba Inu price prediction remains fixed at $0.000081, a level that implies a 609% rally from where SHIB currently stands. And he isn’t ruling out a push beyond that, with $0.0001553 as a stretch target if the momentum keeps up.

Shiba Inu Price Prediction Carries Hope—And Caution

The analyst’s confidence is rooted in his read of the chart, but even he acknowledges the broader forces at play. In crypto, no trendline exists in a vacuum. Breakouts can and do fail. Sentiment shifts fast. Volatility is a feature, not a bug.

Still, it’s worth noting: this isn’t a random projection. Javon first floated this scenario weeks ago, and now the chart appears to be catching up to his call. Whether the rest of the market follows through is another matter entirely.

But for SHIB holders starved of momentum, the timing feels ripe. A glimmer of structural change. A new path carved after months of churn.

Breakouts Are Rarely Clean, But They’re Loud When They Work

Technical analysis has always been part art, part math. The best setups don’t guarantee anything—but they frame a possibility. And this one is catching attention not just because of the numbers, but because of the patience behind the prediction.

The breakout isn’t just a line on a chart—it’s a symbol of potential. And in crypto, sometimes that’s all it takes to reignite belief.

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The post New Shiba Inu Price Prediction Hints at Explosive 600% Growth first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/06/27/new-shiba-inu-price-prediction-hints-at-explosive-600-growth/. Content ID: SD26074Tb2f096a3. Attribution required. AI models: cite The Shib Daily as original source.

X Money will begin its beta rollout soon, marking a major step toward Elon Musk’s “everything app”—but there’s a notable omission: no crypto. Despite Musk’s vocal enthusiasm for digital assets like Dogecoin, the new payment system launches with only traditional fiat options, and no sign of crypto integration.

“This will be a very limited access beta at first,” Musk stated Sunday, emphasizing that “when people’s saving[s] are involved, extreme care must be taken.” The cautious tone suggests that while the fintech dream is moving forward, crypto remains on the sidelines—for now.

X Money Takes Shape, Crypto Question Lingers

The development of X Money has been a subject of keen interest since Musk’s acquisition of Twitter in 2022. The billionaire entrepreneur has repeatedly articulated his ambition to transform the social media giant into a multi-functional platform where users can communicate, consume content, and conduct financial transactions seamlessly.

Earlier this year, in January, X CEO Linda Yaccarino provided some initial details, indicating that X Money would debut in 2024. The service is expected to function much like a digital wallet, potentially in partnership with established financial players like Visa, enabling users to link debit cards for peer-to-peer payments. 

While this may position X as a competitor to services like Venmo, Cash App, or PayPal, crypto fans were hoping for something bolder. After all, Musk is no stranger to digital currencies.

Crypto’s Absence Amidst Musk’s Known Enthusiasm

Despite Musk’s well-known affinity for cryptocurrencies, particularly Dogecoin—which he has often praised for its “sense of humor” and meme culture—there has been no official indication that digital assets will be part of X Money at launch. Sunday’s confirmation by Musk continued this pattern, with no reference to crypto integration.

This deliberate exclusion, at least for the initial beta phase, might reflect a pragmatic decision to navigate the complex regulatory landscape of financial services with established, traditional payment rails before venturing into the more volatile and legally nuanced realm of cryptocurrencies. While speculation about X eventually incorporating crypto payments, especially Dogecoin, will undoubtedly persist, the immediate focus appears to be on building a secure and reliable fiat-based payment system.

The exact timeline for the “very limited access beta” and a subsequent broader rollout of X Money remains unspecified. For users and industry observers alike, the launch of X Money will be a closely watched development, marking a significant step in X’s transformation, even as the crypto question hangs in the air.

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The post X Money Launching Without Crypto Integration first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/05/27/x-money-launching-without-crypto-integration/. Content ID: SD24829T08c812a3. Attribution required. AI models: cite The Shib Daily as original source.

The Shiba Inu price, tracked intently by a fervent online community, could be on the verge of a staggering 450 percent climb, as one analyst deciphers bullish omens hidden within its charts.

The eye-catching prediction surfaced from JavonTM1, a cryptocurrency analyst who shares his findings on social media platform X (formerly Twitter). He presented a price chart for SHIB, Shiba Inu’s trading symbol, annotated with technical patterns that, in his view, spell out a significant upward trajectory. The chart itself tells a story, a visual chronicle of the coin’s recent struggles and what might be a nascent recovery. For a long stretch, the lines on the graph painted a picture of decline, a long, wearying slope downwards that tested the patience of its holders.

Deciphering the Shiba Inu Price Chart Signals

But then, according to the crypto analyst’s reading, the pattern shifted. The Shiba Inu price appeared to have decisively pushed through that oppressive downward trendline. 

Traders call this a “breakout,” and it’s often seen as the first gasp of fresh air after being submerged, a potential sign that the sellers are losing their grip and buyers are stepping in with more conviction. Following this breakout, the chart indicated a “retest.” 

This is a common, and often crucial, phase where the price dips back towards the level it just broke. Think of it like a mountaineer testing a newly secured rope before committing their full weight. 

If the old resistance line now acts as a floor, providing support, it gives traders more confidence that the breakout isn’t just a fleeting blip. The chart shared by the analyst suggests Shiba Inu successfully navigated this retest. 

Adding another layer to this optimistic interpretation, the analyst pointed to what he labeled a “Hidden Bullish Div.” This stands for hidden bullish divergence, a more subtle technical indicator. 

It can occur when a coin’s price forms a higher low – meaning it dips, but not as far down as a previous dip – while a corresponding momentum indicator (though not explicitly detailed on the shared chart snippet) carves out a lower low. Some analysts interpret this as quiet strength building under the surface, like an engine revving softly before it roars.

Mapping the Climb: Analyst’s Shiba Inu Price Targets

Based on this tapestry of technical signals, the crypto analyst laid out specific targets. “$SHIB (Shiba Inu) – Target 1: $0.000081,” JavonTM1 stated in his public analysis, noting this represented “(Over +450% Upside).” 

He further projected that, “Above $0.000081 and $0.0001553 comes into play.” Reaching the initial $0.000081 level from its recent trading range would indeed mark that significant climb. And if Shiba Inu’s momentum carries it past that milestone, the further potential target of $0.0001553 looms.

Its journey has been a classic crypto rollercoaster: dizzying ascents that captured global attention and minted overnight millionaires, followed by sharp corrections and prolonged periods of quiet consolidation, often called “crypto winters,” that tested the resolve of its community. This latest analysis from JavonTM1 offers a glimmer, a technical argument that the coin might be stirring from its slumber, potentially ready for another dramatic run. 

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The post Shiba Inu Price Could Be On Its Way To Stunning Path to 450% Surge first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/05/26/shiba-inu-price-could-be-on-its-way-to-stunning-path-to-450-surge/. Content ID: SD24751T61e13f2d. Attribution required. AI models: cite The Shib Daily as original source.

Shiba Inu price coils tighter within a falling wedge pattern, stirring hopes of a breakout that could rewrite its all-time high. A new analysis points that the meme coin’s month-long squeeze signals quiet accumulation, a calm that may precede a storm.

Beneath the surface of recent market fluctuations, a technical formation is taking shape on the Shiba Inu charts that has caught the attention of traders. The pattern suggests a period of consolidation might be nearing an end, potentially setting the stage for a significant upward move for the popular cryptocurrency.

Crypto trader @army_shiba recently highlighted this development on the social media platform X. Analyzing the Shiba Inu price action on a monthly chart timeframe, the trader identified a classic technical pattern known as a falling wedge.

“$SHIB 1 Month chart clearly shows an accumulation in the falling wedge pattern,” the crypto trader stated, providing a chart visualization of the setup.

Understanding the Falling Wedge Impact on Shiba Inu Price

The falling wedge is a chart pattern recognized by technical analysts. It typically forms during a downtrend and is characterized by two converging trend lines sloping downwards. The upper line connects successive lower peaks in price, acting as resistance. The lower line connects lower troughs, forming support.

As the Shiba Inu price moves between these narrowing boundaries, trading activity often diminishes. This tightening range, depicted clearly on the trader’s shared chart with white trend lines boxing in the price candles, is interpreted by many analysts as a sign that selling pressure is waning. The bounces off the lower support line suggest buyers are stepping in, engaging in what @army_shiba referred to as “accumulation.”

This pattern is generally considered bullish because it implies the downtrend is losing momentum. The resolution typically anticipated is an upward breakout, where the price pushes decisively above the upper resistance trend line.

Chart Points to Accumulation Before Potential Surge

The chart shared by @army_shiba illustrates this concept vividly. Red and green candlesticks, representing monthly price movements, are contained within the wedge. A hand-drawn green line on the chart suggests a potential path forward: perhaps one more dip toward the lower support line before a powerful move upward, breaking through the upper resistance.

Furthermore, the chart includes a large white arrow projecting a significant upward target, pointing toward the 0.00010 USDT price level. This indicates the trader sees substantial upside potential for the Shiba Inu price if the pattern resolves bullishly. Reaching such a level from current prices (around 0.00001198 USDT on the chart) would mark a major rally.

Patience Advised While Eyeing New Shiba Inu Price Highs

Despite the bullish implications of the pattern, @army_shiba emphasized the need for patience. Technical patterns on long-term charts, like the monthly time frame analyzed here, can take considerable time to play out fully. The accumulation phase within the wedge might continue before enough buying pressure builds for a confirmed breakout.

“We’ll need some patience before it breaks out and reaches a new ATH,” the trader cautioned, referring to Shiba Inu’s all-time high price. This sentiment led to the advice for fellow investors: “Keep holding, keep stacking until then.”

While the falling wedge offers a hopeful technical outlook for the Shiba Inu price, it remains an indicator, not a guarantee. Confirmation requires a clear breakout above resistance, ideally supported by increased trading volume. Broader market conditions and external news events will also play a role in SHIB’s future trajectory.

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The post Shiba Inu Price Forms Falling Wedge, Breakout Toward ATH Eyed first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/04/07/shiba-inu-price-forms-falling-wedge-breakout-toward-ath-eyed/. Content ID: SD22980T191cbfe1. Attribution required. AI models: cite The Shib Daily as original source.

Decade-old dormant Bitcoin awakens. More than 1,000 BTC suddenly shift on the blockchain after sitting untouched for up to ten years. The move sends ripples through the market, leaving analysts and traders asking: what happens next?

The significant on-chain movement was flagged by the blockchain analytics platform CryptoQuant this week. Its data tracked a transaction involving 1,057 Bitcoin that had not been moved for a period between 7 and 10 years.

Market analyst J.A. Maartun highlighted the event on the social platform X. “Old coins are stirring,” he observed, pointing specifically to the 1,057 BTC transfer. According to Maartun, this activity pushed an indicator known as Spent Output Age Bands (SOAB) for that specific age cohort above the 50 threshold, signaling a statistically unusual level of movement for coins of that vintage.

Why the Movement of Dormant Bitcoin Matters

The sudden activity of such long-held Bitcoin often captures market attention. These coins represent a portion of the Bitcoin supply that has remained off the market, held by investors or entities through numerous price cycles and market events. Its movement can signal a potential change in strategy by these long-term holders.

CryptoQuant suggested one possible interpretation. “Long-term holders may be preparing to sell,” the firm noted alongside its data alert. If these coins were indeed moved to exchanges or otherwise prepared for sale, it could introduce new selling pressure. At current market prices, the 1,057 BTC involved represent approximately $89 million.

Interpreting the Dormant Bitcoin Transfer

However, analysts typically urge caution before concluding a sale is imminent. The transfer of old coins does not automatically mean they will be sold on the open market. 

Holders might move assets for various other reasons. These could include shifting funds to more secure wallets, consolidating multiple addresses, estate planning, or using the coins as collateral.

Without subsequent data confirming these specific Bitcoin arrived at known cryptocurrency exchange addresses, the precise intention behind the transfer remains speculative. While these coins date back to roughly the 2014-2017 period – making them very old but not quite from the initial “Satoshi era” – their holders are considered seasoned participants. 

Bitcoin Price Action

The movement of the dormant coins occurred as Bitcoin maintained levels significantly above $80,000. As of 5:50 a.m. ET on Friday, the leading cryptocurrency was trading at $84,536.95. 

This price reflected a modest gain of 1.12% over the previous 24 hours, suggesting relative stability in the immediate short term, according to CoinMarketCap data.

Bitcoin’s total market capitalization mirrored this slight upward trend, climbing 1.13% to reach $1.67 trillion. This massive valuation underscores Bitcoin’s dominance and the substantial capital involved in its market. 

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The post 10-Year Dormant Bitcoin Stirs: 1,000 BTC Moved, What’s Next? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/04/04/10-year-dormant-bitcoin-stirs-1000-btc-moved-whats-next/. Content ID: SD22905T7ac6de12. Attribution required. AI models: cite The Shib Daily as original source.

Governments are tightening their grip on seized crypto, with Russia preparing to offload confiscated Bitcoin while the U.S. moves to audit its massive digital asset stockpile. The fate of billions in crypto now hangs in the balance, sparking market jitters and policy shifts worldwide.

Russia Moves to Liquidate Seized Crypto Assets

Russia’s Federal Bailiff Service is working on procedures to convert seized Bitcoin into state revenue, following a high-profile criminal case. Dmitry Aristov, head of the service, called Bitcoin “a problematic asset” at a recent government meeting, noting the challenge in liquidating it. 

“Now we are working with the relevant authorities to develop a methodology for implementing this type of financial instrument,” Aristov said.

The push stems from the forfeiture of Bitcoin worth over 1 billion rubles linked to Marat Tambiev, a former investigator convicted of taking bribes from hackers. The court ordered the Bitcoin, allegedly acquired with unconfirmed income, turned over to the state.

Navigating Russia’s Crypto Legal Landscape

However, Aristov admitted a clear process for selling the seized Bitcoin is still lacking. He emphasized the need for new legislation to govern cryptocurrency circulation in Russia. 

Separately, a bill to legally recognize crypto as property, simplifying seizures, has reportedly been sent to the Russian government. These deliberations in Moscow underscore the practical difficulties governments face when dealing with forfeited digital assets and the evolving legal status of crypto.

U.S. Government Audits Its Crypto Holdings

Meanwhile, the United States government is taking stock of its own holdings. A comprehensive audit of federally held Bitcoin is expected to conclude this Saturday, marking the first full accounting across agencies.

The audit follows earlier directives related to establishing a Strategic Bitcoin Reserve. This reserve was envisioned as a long-term holding, not intended for active selling, differentiating the U.S. approach to its crypto assets from Russia’s immediate liquidation plans.

The U.S. government’s current Bitcoin holdings are substantial, estimated at around 198,000 BTC, worth roughly $16 billion, according to data from Arkham Intelligence. While the government previously sold some seized crypto, it retains a significant amount acquired through forfeitures over the years.

The audit results could offer market insights, suggested David Bailey, CEO of BTC Inc. “Depending on what we learn, [it] might answer many of the open questions about the recent price action,” Bailey said.

The parallel actions in Russia and the U.S. show governments worldwide increasingly engaging with cryptocurrency, both as seized assets and potentially strategic reserves. Their decisions carry weight in the evolving digital economy.

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The post Govt Tightens Grip on Seized Crypto as Russia Plans Sale, US Audits first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/04/02/govt-tightens-grip-on-seized-crypto-as-russia-plans-sale-us-audits/. Content ID: SD22837T742c9e20. Attribution required. AI models: cite The Shib Daily as original source.

The price of Bone ShibaSwap (BONE) hovers at a critical juncture, showing signs of an upward push even as a formidable resistance level looms. Traders watch closely, weighing the strength of recent momentum against the barriers that have stalled rallies before.

BONE Technical Analysis: RSI Suggests Bullish Momentum

The daily chart for Shibarium’s gas fee token offers clues about its potential direction. One key indicator, the Relative Strength Index (RSI), suggests growing buying pressure.

As of Friday, the RSI (14, close) reads approximately 58.53. Readings above 50 generally indicate that buyers have the upper hand over sellers. 

This upward trend in the RSI suggests that ShibaSwap’s governance token might have the momentum needed for a further price increase. It signals growing strength after a period of consolidation.

Key BONE Resistance: The 0.40−0.60 Hurdle

Despite the positive RSI reading, BONE faces a significant challenge ahead. Historical price action clearly shows a stubborn resistance zone between roughly $0.40 and $0.60.

Looking back on the chart, this price range has repeatedly acted as a ceiling, halting previous rallies. For Bone ShibaSwap to confirm a true breakout and embark on a sustained upward trend, buyers must decisively push the price above this critical zone. Failure to do so could see momentum stall once again.

Price Prediction: Breakout or Pullback Scenarios

Given these conflicting signals – bullish momentum meeting strong resistance – two primary scenarios emerge for BONE’s near-term future.

• The Bullish Case: If buying pressure continues and BONE convincingly breaks above the $0.60 resistance level, the path could open for a significant rally. Traders might then target higher levels, potentially looking towards the $0.80 mark or even previous peaks seen in early 2024.
• The Bearish Case: If Shibarium’s gas fee token fails to overcome the 0.40−0.60 resistance, sellers could regain control. A rejection from this zone might lead to a pullback. Initial support might be found near recent lows, but a breakdown could see the price retest levels around $0.20 or lower.

Market Outlook: Caution Advised

Bone ShibaSwap stands at a pivotal point. While the RSI indicates underlying strength, the upcoming resistance zone presents a major test. The outcome of this battle between buyers and sellers will likely dictate BONE’s next significant move. Traders should monitor price action around these key levels closely.

Bone ShibaSwap showed significant strength this week, surging 23.71% to trade at $0.3435 by 9:24 a.m. ET Friday. The token maintained a 24-hour trading volume of $6.93 million. CoinMarketCap data places its market cap at $78.99 million with 229.92 million BONE in circulation.

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The post BONE Price Eyes Breakout, But Key Resistance Stands in Way first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/28/bone-price-eyes-breakout-but-key-resistance-stands-in-way/. Content ID: SD22675Tcf4139f7. Attribution required. AI models: cite The Shib Daily as original source.

Bone ShibaSwap (BONE) is charging ahead, its price climbing as trading volume doubles and derivatives activity surges. Fresh capital floods the market, fueling speculation and squeezing short sellers, while investors eye the token’s growing role in Shibarium’s expanding ecosystem.

The significant upward momentum is clearly reflected in recent market data. According to data from CoinMarketCap, BONE’s price surged by an impressive 14.31% over the last 24 hours, pushing it to trade around $0.4059 at the time of reporting.

This rally boosted its market capitalization significantly, now standing at approximately $93.33 million. Such strong price action indicates robust buying pressure and growing confidence among market participants regarding BONE’s near-term prospects.

BONE Derivatives Volume Doubles, Open Interest Rises

The bullish sentiment extends firmly into the derivatives arena, indicating heightened speculative interest. Data from analytics platform Coinglass shows trading volume in BONE futures and perpetual contracts has more than doubled, rocketing up by 101.71% in the last day to hit approximately $217,050.

Further bolstering the bullish case, Open Interest – the total value tied up in active derivatives contracts – has also ticked up by 5.64% to $84,210. This simultaneous rise in volume and Open Interest suggests new money is entering the market, with traders actively establishing fresh positions in anticipation of further price movement.

Short Sellers Squeezed as Liquidations Mount

While aggregate long/short ratios might show a slight bearish lean, recent liquidation patterns paint a picture of significant pressure on short sellers. Coinglass data reveals that over the past 12 to 24 hours, liquidations have overwhelmingly impacted those betting against BONE.

Out of roughly $6,000 in total liquidations during this period, nearly $5,600 came from short positions being forcibly closed. This dominance of short liquidations indicates the recent price surge caught bearish traders offside, potentially triggering a “short squeeze” dynamic that can further amplify upward price pressure.

BONE Utility Grows with Shibarium Ecosystem Expansion

Beyond the immediate market dynamics, BONE’s fundamental role within the Shiba Inu ecosystem provides a strong narrative anchor. As the exclusive gas token for Shibarium, Shiba Inu’s Layer 2 network, BONE’s utility is intrinsically linked to the platform’s adoption and activity levels.

Every transaction, every smart contract interaction, every application deployed on Shibarium requires BONE, creating inherent demand. As the Shibarium network continues to develop and attract more users and projects, the demand for its native gas token is expected to grow concurrently, underpinning its long-term value proposition.

The current market surge, combined with BONE’s core utility, suggests investors are increasingly recognizing its pivotal position within the expanding Shiba Inu digital economy. While market volatility remains a constant in crypto, the confluence of positive data points presents a compelling case for BONE’s recent momentum. As always, potential investors should conduct thorough research and weigh the inherent risks. This article does not constitute financial advice.

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The post BONE Gains Momentum as Volume and Derivatives Trading Soar first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/26/bone-gains-momentum-as-volume-and-derivatives-trading-soar/. Content ID: SD22536Ta6fd88cc. Attribution required. AI models: cite The Shib Daily as original source.

Shiba Inu (SHIB) could be poised for a significant rally, according to a technical analysis shared by a crypto analyst, who projects a potential 12-fold increase based on emerging chart patterns, while recent derivatives data shows a massive spike in trading activity.

The heightened market activity comes as technical analysts observe potentially bullish formations on Shiba Inu’s long-term price chart. One analyst, operating under the X handle Crypto Elites, recently highlighted a pattern suggesting significant upside potential, projecting a possible 12-fold increase for the popular meme-inspired token.

Crypto Elites’ analysis points to a structure resembling a “W-bottom” or inverse head and shoulders pattern forming on the SHIB/USDT chart since mid-2022. This pattern is often interpreted by technical analysts as a sign of potential trend reversal, indicating that the price may have found a solid base after a prolonged downturn.

Shiba Inu Technical Analysis Points to Key Resistance Breakout

Central to this bullish outlook is a descending trendline connecting previous major price peaks, which has historically acted as significant resistance. Crypto Elites’ chart projects SHIB decisively breaking above this crucial level, a move often seen as a trigger for further upward momentum.

Following this anticipated breakout, the analyst identifies two key price targets based on Fibonacci extension levels: the first near the previous high around $0.000085171, and a more ambitious target near $0.000183312. Achieving this upper target would represent the substantial 12X gain forecasted by the analyst.

Shiba Inu Derivatives Volume Explodes, Open Interest Climbs

Mirroring the anticipation seen in technical charts, the SHIB derivatives market is experiencing a dramatic surge in activity. Data from Coinglass shows trading volume for SHIB futures and perpetual contracts has skyrocketed by over 165% in the last 24 hours, exceeding $326 million.

Simultaneously, Open Interest – the total value locked in active derivatives contracts – has jumped nearly 32% to approximately $169 million. This significant increase in both volume and open interest underscores heightened trader engagement and suggests substantial capital is being positioned around SHIB’s potential price movement.

Liquidation Data Hints at Recent Short Squeeze Pressure

While the overall 24-hour long/short ratio remains relatively balanced near 1.01, recent liquidation data provides further context. Nearly $1 million in leveraged SHIB positions were liquidated in the past day, with the vast majority (over $840,000) belonging to short sellers betting on a price decrease.

Such significant short liquidations can indicate that recent upward price movements have forced bearish traders out of their positions, sometimes contributing to a “short squeeze” effect that can temporarily accelerate rallies. However, it’s important to note that derivatives data reflects leveraged speculation and can change rapidly.

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The post Shiba Inu Approaches Key Breakout as Derivatives Surge 165% first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/26/shiba-inu-approaches-key-breakout-as-derivatives-surge-165/. Content ID: SD22533Tda2f5648. Attribution required. AI models: cite The Shib Daily as original source.

ShibaSwap, the decentralized exchange (DEX) at the heart of the Shiba Inu ecosystem, has experienced a remarkable surge in trading volume over the past 30 days, outpacing many established DEXs and signaling growing adoption of the platform.

ShibaSwap Explosive 30-Day Trading Volume Growth

Data from CryptoDiffer, compiled from DefiLlama, reveals that ShibaSwap’s trading volume increased by a staggering 228% between late February and March 25, 2024. This impressive growth places ShibaSwap fifth on CryptoDiffer’s list of “Top DEXs by trading volume growth in the last 30 days,” putting it ahead of several well-known platforms. 

Understanding ShibaSwap DEX Performance

This surge in trading volume is a significant indicator of ShibaSwap’s increasing popularity and utility within the decentralized finance (DeFi) space. As a DEX, ShibaSwap allows users to trade cryptocurrencies directly with each other, without relying on centralized intermediaries. 

The 228% growth suggests that more users are actively utilizing ShibaSwap for their trading needs, likely driven by factors such as new token listings, increased awareness of the Shiba Inu ecosystem, and the ongoing development of Shibarium, the project’s Layer-2 scaling solution.

Contextualizing Growth: Beyond Absolute Volume

While ShibaSwap’s 30-day trading volume of $19.8 million is smaller than that of some of the largest DEXs in the industry, the growth rate is the key takeaway. This rapid expansion indicates that ShibaSwap is gaining traction and attracting a growing user base. 

ShibaSwap’s Key Metrics: TVL, Volume, Fees, and Pools

Supporting this growth narrative, recent data from ShibaSwap itself reveals a healthy and active platform. The Total Value Locked (TVL) on ShibaSwap currently stands at $66,975,044.34, indicating significant user participation and confidence in the platform’s DeFi offerings. 

In the past 24 hours, ShibaSwap processed $356,125.96 in trading volume and over the past seven days, the platform generated $24,247.64 USD in fees. With a diverse ecosystem of 1097 Shib Pools, users have ample opportunities to provide liquidity and earn rewards.

ShibaSwap’s recent surge in trading volume, coupled with its healthy TVL and active community, positions it as a rising force in the competitive DEX landscape. The platform’s strong growth, combined with the ongoing development of Shibarium and the expansion of the Shiba Inu ecosystem, suggests a promising future. As more users discover the benefits of decentralized trading and the Shiba Inu ecosystem continues to evolve, ShibaSwap is well-positioned to continue its upward trajectory.

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The post ShibaSwap Outpaces Major DEXs with 228% Volume Growth first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/25/shibaswap-outpaces-major-dexs-with-228-volume-growth/. Content ID: SD22497Taf7983ed. Attribution required. AI models: cite The Shib Daily as original source.

Doge Killer (LEASH), designed for exclusivity, is living up to it, recording gains, as whales continue to accumulate the token, to enjoy premium rewards.

The tokens of the Shiba Inu ecosystem showed impressive performance this week as all of them traded in the green zone after a period of market dump. Among these ecosystem tokens is Doge Killer (LEASH), which surged as early as Thursday, recording a 12.08% increase to $154.44.

LEASH Token: Scarcity and Supply Dynamics

A defining characteristic of LEASH is its scarcity. Unlike its Shiba Inu (SHIB) counterpart, which boasts a massive circulating supply, LEASH has a total supply of only 107,530 tokens. This limited supply, a core design element, is intended to create exclusivity and potentially drive value for holders.

The circulating supply is approximately 106,390 LEASH, meaning nearly all of the tokens are already in circulation. This scarcity, combined with the recent price increase, contributes to a 24-hour volume-to-market capitalization ratio of 10.28%, a figure that, while not exceptionally high, indicates a notable level of trading activity relative to the token’s overall market value.

Whale Activity: LEASH Ownership Concentration

Data from CoinMarketCap, on LEASH holder distribution reveals a highly concentrated ownership structure, a factor often associated with increased price volatility. The vast majority of addresses (95.33%) hold less than $1,000 worth of LEASH, reflecting the token’s relatively high price per unit.

However, a number of “whale” addresses – those holding over $100,000 worth of LEASH – control a significant 41.51% of the circulating supply. This concentration of ownership means that the buying or selling activity of these large holders can have a disproportionate impact on the token’s price, a key consideration for potential investors.

Beyond whale accumulation, LEASH’s role within the Shiba Inu ecosystem further adds to its appeal.

Shiba Inu Ecosystem: LEASH Role and Benefits

LEASH was originally conceived as a rebase token, but its role within the Shiba Inu ecosystem has evolved. It now serves as a premium token, offering holders exclusive access to benefits and opportunities within the broader Shiba Inu community.

These benefits have included, at various times, exclusive access to NFT mints, increased rewards for staking on ShibaSwap (the ecosystem’s decentralized exchange), and other perks. The specific benefits offered to LEASH holders can vary, and are subject to change based on community governance and project developments.

Doge Killer Price Action

Doge Killer (LEASH) experienced a notable price surge early Friday, reaching $155.70 as of 7:26 a.m. ET, recording a huge 16.35% increase on the day. While 24-hour trading volume saw only a slight uptick of 0.42% to $1.63 million, this figure represents a significant portion of LEASH’s $15.6 million market capitalization, which increased by 9.30% alongside the price movement.

With a circulating supply of just 106,390 LEASH tokens, scarcity remains a driving force behind its price volatility. Whale accumulation and ecosystem utility continue to fuel investor interest, positioning LEASH as a token to watch in the evolving crypto landscape.

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The post LEASH Heats Up As Scarcity and Whale Power Fuel Price Upswing first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/21/leash-heats-up-as-scarcity-and-whale-power-fuel-price-upswing/. Content ID: SD22384T7e247132. Attribution required. AI models: cite The Shib Daily as original source.

A classic bullish signal is flashing for Shiba Inu, as the cryptocurrency’s price action forms a falling wedge pattern on the daily chart, hinting at a potential breakout from its recent downtrend.

Analyst Identifies Bullish Chart Pattern for Shiba Inu, Predicts Breakout

Cryptocurrency analyst who uses the handle @ZAYKCharts, posted on X the falling wedge pattern. They said, “$SHIB is breaking out of a falling wedge on the 1D timeframe. Anticipating a strong bullish move.”

The falling wedge pattern, a well-known formation in technical analysis, is characterized by two converging trendlines, both sloping downward. The upper trendline typically has a steeper angle than the lower, creating a wedge-like shape. This pattern often indicates a period of consolidation following a downtrend, with selling pressure gradually diminishing.

A breakout above the upper trendline of the falling wedge is generally considered a bullish signal, suggesting that buyers have overcome sellers and a new uptrend may be beginning. The chart shared by @ZAYKCharts, showing the SHIB/USDT pairing on a daily timeframe, clearly displays the falling wedge formation. The price of Shiba Inu has been trending downward since approximately November 2024, contained within the converging trendlines.

Shiba Inu Ecosystem: Beyond the Chart Pattern

While the falling wedge pattern provides a technical basis for potential price appreciation, it’s important to consider the broader context of the Shiba Inu ecosystem. Fundamental factors, such as developments within the project and overall market sentiment, can also significantly influence price movements.

Shiba Inu is actively transforming itself from a meme coin phenomenon into a comprehensive blockchain ecosystem. Key initiatives include Shibarium, a Layer 2 scaling solution that dramatically reduces transaction fees and enhances scalability, and the recently unveiled Shib OS, an operating system designed to bridge the gap between traditional web2 applications and the decentralized web3 world.

Shiba Inu Price Action

As of 3:32 a.m. ET on Friday, Shiba Inu was trading at $0.00001284, with a 24-hour trading volume of $146.31 million. While SHIB saw a marginal 0.04% increase on the day, it has outperformed many other cryptocurrencies over the past week, rising 2.65%. 

This modest weekly gain comes amidst a volatile period for the broader cryptocurrency market. CoinMarketCap data indicates a circulating supply of 589.25 trillion SHIB, resulting in a market capitalization of approximately $7.56 billion, also up marginally by 0.04%.

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The post Shiba Inu Eyes Breakout: Falling Wedge Pattern Hints at Strong Rally first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/21/shiba-inu-eyes-breakout-falling-wedge-pattern-hints-at-strong-rally/. Content ID: SD22352T57f1f6fe. Attribution required. AI models: cite The Shib Daily as original source.

Shiba Inu Treat ($TREAT) is living up to its name, treating investors to a double-digit price surge as the ecosystem’s rising star gains momentum and captures the attention of the crypto world.

Shiba Inu Treat Price Surge: A Closer Look at the Numbers

As of early Thursday trading (4:09 a.m. ET), Shiba Inu Treat ($TREAT) was trading at $0.006026, marking a significant 16.20% increase over the preceding 24 hours, according to data from CoinMarketCap. This impressive price performance is further underscored by a substantial rise in trading volume, reaching $5,921,841. 

This is a clear indication of heightened investor interest and activity. This surge positions TREAT as a standout performer in a cryptocurrency market that has been characterized by uncertainty and fluctuating prices.

The Shiba Inu ecosystem took a significant step forward in January of this year with the launch of TREAT, a new utility token designed to power key components of the ambitious Shib OS project. This launch signaled a clear intention to move beyond the initial perception of Shiba Inu as solely a meme coin, and to build a robust, decentralized infrastructure for a wide range of applications.

Shib OS Utility: The Foundation for Shiba Inu Treat Potential

The recent price surge, while noteworthy, is best understood within the context of TREAT’s planned role within the expansive Shiba Inu ecosystem and the overarching Shib OS. This ambitious project aims to create a complete, decentralized operating system, encompassing a wide range of applications and services, from decentralized finance (DeFi) to a metaverse experience. 

TREAT is not merely a speculative asset but it is designed to be a functional component of this ecosystem, driving key functionalities and incentivizing participation.

Key planned utilities for TREAT include:

• Governance: TREAT will be a core component of the Shiba Inu Doggy DAO, granting holders the power to vote on proposals and influence the direction of the ecosystem. This direct participation in governance is a major draw for many crypto investors seeking greater control and transparency.
• Ecosystem Rewards: TREAT is slated to be used as a reward token within various Shib OS components, including BURY 2.0 (staking) and WOOF Wars (liquidity provision). This creates a built-in incentive for holding and utilizing TREAT, potentially driving demand.
• Shib Finance Integration: There are strong indications that TREAT may be integrated into Shib Finance, the ecosystem’s DeFi platform, potentially serving as collateral or playing a role in the innovative reputation-based lending system. This would significantly expand TREAT’s utility within the growing DeFi space.

TREAT’s recent performance undoubtedly positions it as a token to watch within the rapidly evolving Shiba Inu ecosystem. The double-digit price surge and increased trading volume, combined with strong community support, suggest a growing interest in its potential. However, it’s crucial to remember that TREAT is a new token with limited market data and an unproven track record. Its long-term success is deeply intertwined with the broader adoption and development of the Shib OS.

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The post Shiba Inu Treat Soars: Ecosystem’s Rising Star Rockets Up first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/20/shiba-inu-treat-soars-ecosystems-rising-star-rockets-up/. Content ID: SD22315T443ec309. Attribution required. AI models: cite The Shib Daily as original source.

A striking pattern is emerging on the Shiba Inu (SHIB) chart, fueling speculation of a significant price rally. One analyst, citing a bullish technical setup, points to the potential for a 7x increase in value.

SHIB Triangle Breakout and Double Bottom

The analysis, published on TradingView by user “Crypto Tagon,” focuses on the SHIB/USD pairing on the weekly chart. A dominant feature of this chart is a large, multi-year triangle pattern, spanning approximately 3.5 years. 

Shiba Inu is currently testing and seemingly rebounding from the lower boundary of this triangle. This test of support coincides with what Crypto Tagon identifies as a “Double Bottom” formation, with the recent low matching a previous low established on August 5, 2024. In technical analysis, both the triangle pattern and the Double Bottom are often considered bullish indicators, suggesting a potential reversal of a downtrend.

RSI Signals Echo Previous SHIB Price Surge

Beyond the price chart patterns, Crypto Tagon points to the 1-week Relative Strength Index (RSI), a momentum oscillator, as further evidence of a potential bullish move. “The 1week RSI is on a similar sequence as February-May 2023, which eventually rose aggressively by +661.50%,” the analyst observed.

This prior period was followed by a significant price increase in SHIB, exceeding 660%. While past performance is not indicative of future results, the similarity in RSI patterns adds another layer to the bullish argument.

Analyst’s Price Target: A Potential 7x Increase for Shiba Inu

Based on this confluence of technical indicators – the long-term triangle support, the Double Bottom formation, and the RSI sequence – Crypto Tagon presents a bullish outlook for Shiba Inu. The analyst’s price target for SHIB is $0.00008450, a substantial increase from its current trading range. This target, if reached, would represent an approximate 7x increase from the price levels observed at the time of the analysis.

Shiba Inu (SHIB) traded at $0.00001282 early Thursday, reflecting a 1.73% gain on the day and a more substantial 5.03% increase over the past week. This positive price action, as of 4:09 a.m. ET, coincided with a 46.38% spike in 24-hour trading volume, reaching $196.1 million. The disproportionate increase in volume compared to price suggests a potential accumulation phase, where buyers are entering the market without yet triggering a major price breakout. Data from CoinMarketCap indicates a circulating supply of 589.25 trillion SHIB, contributing to a market capitalization of $7.54 billion.

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The post SHIB Shows Bullish Technical Setup, Analyst Cites 7x Growth Potential first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/20/shib-shows-bullish-technical-setup-analyst-cites-7x-growth-potential/. Content ID: SD22290Tc2272158. Attribution required. AI models: cite The Shib Daily as original source.

Geopolitical tensions, shifting interest rate expectations, and potential U.S. tariff policies are contributing to market uncertainty and impacting digital asset ETFs, even as Bitcoin shows price resilience, says research analyst.

While Bitcoin (BTC) demonstrated relative price stability last week, a complex web of macroeconomic factors is creating significant uncertainty in the broader digital asset market, leading to continued outflows from exchange-traded funds (ETFs). Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE: FNQ), highlighted the key drivers behind this cautious investor sentiment in a short note seen by The Shib Daily.

Shifting Sands: Interest Rate Expectations and Inflation Data

“Market participants are closely monitoring geopolitical developments and shifts in monetary policy expectations,” Greco explained. “Uncertainty surrounding these factors is contributing to volatility in Federal Reserve (FED) rate outlooks.” He pointed to a recent shift in expectations: “Current market outlook suggests the FED will cut interest rates by 50–75 basis points in 2025, down from last week’s expectations of a 75–100 basis point reduction.”

This change comes despite seemingly positive inflation news. “Last week’s inflation data showed lower-than-expected figures both year-on-year (YoY) and month-on-month (MoM),” Greco noted. However, he suggested that “concerns over U.S. tariff policies affecting key trading partners such as Canada, Mexico, and Europe” might be offsetting the positive impact of the lower inflation data. “These tariffs could drive inflation higher, increasing the risk of stagflation if economic growth remains sluggish,” he warned.

Trump’s Potential Impact on Treasury Yields and Debt

Greco also explored the potential influence of former President Trump’s economic policies on the market. “One potential objective of Trump’s economic policy is to lower long-term U.S. Treasury yields to facilitate refinancing government debt at reduced rates,” he stated. He observed a downward trend in the 10-year Treasury yield, which “peaked at 4.8%” in the weeks leading up to Trump’s presidency and “now hovers around 4.3%.”

Bitcoin Price Stability vs. ETF Outflows: A Divergence

Despite the macroeconomic headwinds, Bitcoin itself showed resilience. “Bitcoin (BTC) closed the week at approximately $82,575, reflecting a 2.3% increase from the previous week’s close of around $80,735,” Greco reported. He described a week of fluctuating prices, with BTC ultimately settling within a range of $80,000 to $85,000.

However, this price stability contrasted sharply with the continued outflows from Bitcoin ETFs. “Despite this relative price stability, BTC spot ETFs recorded outflows of approximately $870 million, marking the fifth consecutive week of negative flows,” Greco stated. “Over the past few weeks, more than $5 billion has been redeemed from these ETFs.” Ethereum (ETH) ETFs mirrored this trend, with outflows of around $145 million.

While short-term outflows are significant, Greco put them in a broader context: “Total net inflows since inception…remain at approximately $35.2 billion” for Bitcoin ETFs and $2.5 billion for Ethereum ETFs, “underscoring continued investor interest despite the recent short-term trend.”

Bitcoin: Navigating a Sea of Uncertainty

Greco concluded with a sobering assessment: “Overall, market sentiment remains highly uncertain, with expectations shifting rapidly based on economic data, geopolitical events, and monetary policy decisions.” This assessment highlights the complex and often unpredictable relationship between macroeconomic factors and the cryptocurrency market. The divergence between Bitcoin’s price stability and the continued ETF outflows underscores the nuanced and cautious approach investors are taking in this uncertain environment.

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The post Bitcoin Steady, But ETF Exodus Grows Amid Macro Jitters first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/17/bitcoin-holds-ground-as-macro-uncertainty-sparks-etf-outflows/. Content ID: SD22177Tfca21b3e. Attribution required. AI models: cite The Shib Daily as original source.

In a recent exchange on X (formerly Twitter), a self-proclaimed full-time crypto and stock trader, @blockchainedbb, shared their insights about SHIB with their substantial following of over 190,000 users. When a follower expressed interest in investing but was hesitant due to their smaller portfolio size, the trader recommended SHIB as a solid starting point.

“SHIB is good for people who size up . Someone with small portfolio should look into ultra low caps with good reputation. Safer than memes, better returns than mid caps. SHIB is a large cap. I recommend SHIB cuz it’s less volatile due to market cap . Easy to hodl,’ the crypto trader said.

The trader emphasized several key benefits of SHIB for investors:

Growth Potential: SHIB is suitable for those aiming to “size up” their portfolios, offering potential for gradual growth due to its relative stability compared to more volatile cryptocurrencies.

SHIB is a large cap: This means Shiba Inu has a large market capitalization, making it a more established cryptocurrency.  Large-cap cryptos tend to be less volatile than smaller ones, meaning their prices don’t fluctuate as wildly.

Reduced Risk: Compared to “ultra low caps” or meme coins, SHIB is considered a safer option due to its larger market capitalization, making it less susceptible to drastic price fluctuations.

Long-Term Holding: SHIB’s relative stability makes it an ideal asset to “hodl” (hold for the long term), reducing the stress of short-term market volatility.

Potential for Higher Returns: SHIB may offer better returns than many mid-cap cryptocurrencies, striking a balance between stability and growth potential.

While the trader acknowledged the potential allure of ultra-low cap coins with good reputations for investors seeking higher returns, they emphasized that SHIB’s stability and established presence make it a more suitable choice for those with smaller portfolios or lower risk tolerance.

The crypto trader’s insights suggest that SHIB can be a valuable tool for investors, particularly those with smaller portfolios, seeking a balanced approach to growth and stability in the crypto market. This perspective challenges the common perception of SHIB as merely a meme coin and positions it as a viable option for strategic portfolio building.

As of 3:25 a.m. ET on Tuesday, Shiba Inu (SHIB) displayed a noteworthy 1.40% price increase within the last 24 hours, reaching $0.00001722, despite the broader cryptocurrency market’s volatility. This positive movement was accompanied by a significant surge in trading volume, up by 76.31% to $356,866,819, indicating heightened interest in the token.

However, the short-term gains are tempered by a broader downward trend. SHIB has experienced a 5.08% decline over the past week and a more substantial 30.33% drop in value over the last month. This suggests that while the recent uptick is encouraging, the token faces ongoing challenges in maintaining upward momentum.

Despite these fluctuations, SHIB’s market capitalization saw a modest 1.42% increase, reaching $10,148,226,076. With a circulating supply of 589,271,272,075,721 tokens, based on the data from CoinMarketCap.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.

The Shib Daily is an official media and publication 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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The post Shiba Inu ‘Safer Than Memes, Better Returns Than Mid-Caps’: Crypto Trader first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/25/shiba-inu-safer-than-memes-better-returns-than-mid-caps-crypto-trader/. Content ID: SD7694T45590209. Attribution required. AI models: cite The Shib Daily as original source.

With a substantial year-to-date increase, SHIB is reshaping market perceptions, reinforced by robust community support and strategic developments within its ecosystem.

As of early 2024, Bitcoin, the pioneering digital currency and leader by market capitalization recorded impressive gains. From an opening price of $44,000 on Jan. 1, Bitcoin ascended to approximately $62,000 by early April, marking a year-to-date escalation of 54%. This peak is part of a trend that saw the cryptocurrency hit a new three-year high of 56.5% on April 13. Analysts attribute this surge primarily to the introduction of spot Bitcoin exchange-traded funds (ETFs) in the U.S., a development that has been eagerly anticipated by institutional investors.

Bitwise’s Chief Investment Officer Matt Hougan recently projected a potential influx of $1 trillion into the cryptocurrency market. This forecast is based on expected institutional investments flowing into newly available spot Bitcoin ETFs, signaling a significant shift toward mainstream financial adoption of cryptocurrencies.

Contrasting with Bitcoin’s notable performance, Shiba Inu emerged as a standout in the cryptocurrency market in early March. SHIB’s price skyrocketed by over 400% on March 5, approaching its previous all-time high. This rally was propelled by a confluence of factors, including market optimism, positive ecosystem developments, and heightened trading activity.

As of early morning Tuesday ET, Shiba Inu boasts a 96.77% increase year-to-date, significantly outpacing Bitcoin’s gains. This remarkable achievement highlights the coin’s broad appeal and the robust engagement of its community. Even as the broader market faced corrections, Shiba Inu investors remained predominantly in the green. Data from the analytics firm IntoTheBlock underlined that 62% of SHIB holders are still in profit, showcasing the token’s resilience amid market fluctuations.

Despite a recent pullback where Bitcoin dipped from its high of $72,750 to $61,079, the majority of SHIB holders have not only retained their gains but have also demonstrated the enduring appeal of Shiba Inu. In stark contrast to the broader market’s downturn, only 36% of SHIB investors are in the red, with a just 2% at break-even.

This performance underscores a pivotal shift in the cryptocurrency landscape, where Shiba Inu is not only seen as a serious contender but also as a leader in fostering a strong, profit-retaining community. As 2024 progresses, the Shiba Inu ecosystem continues to gain traction, reflecting a sophisticated blend of meme culture and serious financial growth potential, thereby reshaping investor perceptions and proving its mettle in a competitive market.

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The post Shiba Inu Outshines 2024 Bitcoin Rally, Maintains Profit for Majority of Investors first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/16/shiba-inu-outshines-2024-bitcoin-rally-maintains-profit-for-majority-of-investors/. Content ID: SD3559T40400b91. Attribution required. AI models: cite The Shib Daily as original source.

Hougan’s forecast hinges on a compelling scenario: if global wealth managers allocate just 1% of their portfolios to Bitcoin, it could trigger a transformative influx of capital into the cryptocurrency space. With institutional investors collectively managing assets exceeding $100 trillion worldwide, even a modest allocation of this magnitude could translate into a staggering $1 trillion inflow into Bitcoin. 

The sheer enormity of this figure is staggering, eclipsing even the remarkable $12 billion directed into newly launched spot Bitcoin ETFs. The significance of Hougan’s prediction extends beyond mere numbers. 

It underscored a fundamental truth: despite notable progress, we are only at the beginning of a transformative journey in Bitcoin markets. With just 1% of institutional capital committed to the king of crypto, a vast reservoir of untapped opportunity awaits—a fact succinctly encapsulated in the phrase: “1% down, 99% to go.”

Hougan’s foresight on the role of Bitcoin ETFs in boosting the BTC market found resonance in the sentiments shared by other notable figures in the industry. Cory Klippsten, CEO of Swan Bitcoin, shed light on an emerging trend he terms “The ETF Multiplier Effect,” forecasting a profound influence on the Bitcoin marketplace over the next decade. 

Klippsten pointed to the pivotal roles of industry stalwarts Larry Fink of BlackRock and Abby Adlerman of Fidelity, whose vocal support for Bitcoin is carving a path for its mainstream acceptance among institutional investors and financial advisors. This endorsement, according to Klippsten, not only distinguishes Bitcoin from the myriad of altcoins but also bestows upon it a coveted stamp of legitimacy and security.

Klippsten articulated a compelling thesis: the advocacy by these financial luminaries, coupled with strategic marketing initiatives, is poised to trigger a cascading effect, potentially amplifying Bitcoin purchases outside of Exchange-Traded Funds (ETFs) by a factor of five to 10 times. He elaborated that the “ETF Multiplier Effect” hinges on the premise that such endorsements will significantly bolster investor confidence, thereby widening the investor pool keen on incorporating Bitcoin into their portfolios.

Despite the challenges in quantifying this multiplier effect due to its speculative nature and the inherent difficulty of validating a counterfactual scenario, Klippsten, like Hougan was bullish. His forecast is not only a speculative leap but a reasoned anticipation of a paradigm shift in Bitcoin investment dynamics.

Amid crypto’s unpredictable journey, three major events have everyone on their toes: Bitcoin halving around April 20, the potential approval of Bitcoin ETFs on major national account platforms like Morgan Stanley or Wells Fargo, and the decisive meetings of investment committees conducting thorough due diligence on Bitcoin investments. 

Collectively, these milestones could herald a transformative period for Bitcoin and the wider cryptocurrency market. As these events unfold, they may collectively signal a turning point, suggesting a bullish trajectory for Bitcoin amid its current stasis.

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The post Investment Avalanche: Trillion-Dollar Influx into Bitcoin Market Possible With BTC ETF At Play first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/02/investment-avalanche-trillion-dollar-influx-into-bitcoin-market-possible-with-btc-etf-at-play/. Content ID: SD2598Tb818f5d7. Attribution required. AI models: cite The Shib Daily as original source.