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.

Shiba Inu (SHIB) tightens its grip on the charts, flashing a bullish signal that traders can’t ignore. As volatility coils and a key metric hints at an imminent breakout, the stage is set for SHIB to make its next big move. But, will the market bite?

Shiba Inu (SHIB), the vibrant community-driven cryptocurrency that captured the attention of the crypto world, is currently demonstrating resilience and potential for future growth. While ranked within the top 20 crypto assets by market capitalization, SHIB’s current price, belies the intriguing technical setup unfolding on its daily chart.

The TradingView chart reveals a fascinating story. After a period of healthy consolidation following a remarkable early 2024 surge, SHIB is now interacting with its Bollinger Bands in a way that could signal an exciting opportunity for investors.

Shiba Inu Bollinger Band Squeeze: A Coiled Spring?

The Bollinger Bands, a powerful indicator of volatility, are currently exhibiting a classic “squeeze.” This narrowing of the bands, reflecting a period of reduced price fluctuation, often precedes a significant price expansion. For savvy investors, this squeeze represents a potential window of opportunity.

SHIB is currently testing the lower Bollinger Band, situated around $0.00001165. This level is acting as a crucial support. 

A successful hold above this support, coupled with the current squeeze, could be the launchpad for a significant upward move. The middle Bollinger Band (the 20-day Simple Moving Average) at approximately $0.00001267, and further the Upper bollinger band at (0.00001370) presents the next logical targets for a potential breakout.

Underlying Strength and Shib Army Support

While the Relative Strength Index (RSI) at 46.84 indicates a neutral stance, it’s important to note that this doesn’t reflect the underlying strength of the SHIB community. The dedicated SHIB Army has consistently demonstrated its commitment to the project, providing a strong foundation for long-term growth. Subdued volume at this time can be seen as the market taking a breath before its next potential major move. The last price is slightly over the 20 day simple moving average.

Key Levels and Potential Upside

• Strong Support: Lower Bollinger Band ($0.00001165) – A potential buying opportunity.
• First Target: 20-day SMA / Middle Bollinger Band ($0.00001267) – A realistic short-term goal.
• Second Target: Upper Bollinger band (0.0001370)

Shiba Inu Price Action

Shiba Inu (SHIB) currently trades at $0.00001306, reflecting a 1.39% daily increase and a market capitalization of $7.69 billion, closely aligned with its Fully Diluted Valuation (FDV) of $7.7 billion, based on the data from CoinMarketCap. This indicates that the vast majority of its immense total and max supply (approaching 600 trillion SHIB) is already circulating (589.25T SHIB), a common trait of meme coins designed for small fractional unit values, which mitigates significant future dilution risks. 

The 24-hour trading volume of $128.7 million, up by 21.74%, coupled with the price increase, suggests growing buying pressure and positive market sentiment. While a Volume/Market Cap ratio (which would be slightly above 1.65% based on these numbers) is still relatively moderate, the increased trading activity lends credence to a potential shift towards a more bullish outlook, placing SHIB in a position where a catalyst could trigger a more decisive directional move, the stability of the circulating and total supply provide some stability in tokenomics.

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The post Shiba Inu Signals Breakout as Key Metric Turns Bullish first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/24/shiba-inu-signals-breakout-as-key-metric-turns-bullish/. Content ID: SD22412Teafd942b. 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.

Shiba Inu ($SHIB) refuses to back down. After breaking past key resistance, the dog-themed altcoin holds firm, fueling bullish sentiment as trading volume surges. A crypto analyst isn’t wavering—his 500% breakout target remains intact, signaling that Shiba Inu’s rally may be far from over.

The volatile cryptocurrency market never ceases to surprise and Shiba Inu ($SHIB), the self-proclaimed “Dogecoin killer,” is once again making headlines. Crypto analyst Javon Marks, known on the social media platform X as @JavonTM1, reiterated a bullish prediction for the dog-themed altcoin.

Shiba Inu Breakout Holds Strong Amid Market Volatility

In a recent post on X, accompanied by a detailed price chart, Marks emphasized that his breakout target for $SHIB remains unchanged. He pointed to the token’s sustained price action following a breakout, indicating that the significant upward move could still be in play. 

“[The] $SHIB (Shiba Inu)’s breakout target at the $0.000081 level goes UNCHANGED!” Marks declared. “As prices continue to hold broken out, and up since showing responsiveness to this breakout, another nearly +500% upside to reach this target could still be well in the works…”

The chart shared by Marks highlights a period of consolidation followed by a breakout, where the price of $SHIB surpassed a key resistance level. The price is now hovering, seemingly gathering strength for its next leg up. 

It is crucial to approach such predictions with caution. The cryptocurrency market is notoriously unpredictable, and meme coins, in particular, are known for their extreme volatility. While technical analysis can provide valuable insights, it is not a crystal ball. Investors should conduct their own thorough research and consider their risk tolerance before making any investment decisions.

SHIB Sees Explosive Trading Volume and Price Increase

The bullish sentiment surrounding Shiba Inu is driven by compelling market activity. As of 1:16 a.m. ET on Monday, Shiba Inu was trading at $0.00001328. 

This represents a 2.70% increase in the past 24 hours, a seemingly modest gain that masks a far more significant development: a staggering 201.96% surge in 24-hour trading volume, reaching $355.32 million.

This explosion in trading volume suggests a surge in investor interest and buying pressure. Over the past week, $SHIB has climbed 7.79%, reflecting a sustained upward trend. 

The token’s market capitalization has also benefited, rising by 2.62% to reach $7.82 billion. This places Shiba Inu firmly among the top cryptocurrencies by market cap, a testament to its enduring popularity.

The bullish outlook on Shiba Inu isn’t confined to technical analysis and market data. Community sentiment, as tracked by CoinMarketCap, reflects a strong wave of optimism. 

With a substantial 229,100 votes recorded, a decisive 88% express a bullish stance on the token’s future, compared to only 12% holding a bearish view. This overwhelming positivity from the community suggests a widespread belief in Shiba Inu’s potential for growth.

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The post Shiba Inu Holds Gains, Analyst Stands by 500% Surge first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/17/shiba-inu-holds-gains-analyst-stands-by-500-surge/. Content ID: SD22126Tb0d25b2d. Attribution required. AI models: cite The Shib Daily as original source.

It’s a story that could happen to anyone: a seemingly harmless click on a Zoom link turns into a nightmare–a phishing scam, costing a crypto investor a staggering $6.09 million. 

The incident, which occurred on Tuesday, serves as a stark reminder of the importance of cybersecurity in the crypto world, where even experienced investors can fall victim to sophisticated phishing scams.

The victim, a pseudonymous investor known as Still in the Game (@stigstigstig_ on X), took to social media to reveal the details of the attack, highlighting the vulnerability of the crypto ecosystem to malicious actors.

“Just want to be transparent – the massive sell on $GIGA today was due to one of my wallets being drained by a fake zoom link. This hurts bad but I will be back. I will always stay in the game. Please be careful out there and never click any links from those you don’t know. Please learn from me,” the investor wrote.

According to crypto investigation firm Scam Sniffer, the victim clicked on a fake Zoom call invite link, which redirected them to a deceptive website designed to steal sensitive wallet information.

“Beware of fake Zoom malware! A $GIGA holder lost millions!” Scam Sniffer warned in an X post. “Compare carefully: us04-zoom[.]us  us02web.zoom[.]us They look similar, right? That’s the trap! If you accidentally install it: • Scans your device for wallet data • Collects private keys & passwords • Steals sensitive information  • Sends data to hackers.”

WARNING: Beware of fake Zoom malware!
A $GIGA holder lost millions!

Compare carefully:
us04-zoom[.]us
us02web.zoom[.]us

They look similar, right? That's the trap! pic.twitter.com/RWMur5MM7V

— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) November 12, 2024

Adding to the complexity of the situation, user @dumpling_sol on X pointed out the impact of the hacker’s actions on the GIGA token price. “When the hacker sold all the tokens, they were worth 6M usd. Because he sold it all in 1 clip, he is affected by price impact, meaning they only got 2.5M from the trade. Balance before sale: 6M usd in giga. Balance after sale: 2.5M usd in sol. They lost 3.5M usd of the funds,” the user commented.

The incident underscored the need for robust security measures within the crypto ecosystem. While blockchain technology offers a high level of security, the human element remains a critical vulnerability.

As the crypto space continues to grow and evolve, it’s crucial for individuals and institutions to prioritize cybersecurity and remain vigilant against potential threats. The Gigachad incident serves as a stark reminder that even experienced investors can fall victim to phishing attacks, emphasizing the need for constant vigilance and robust security measures.

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The post Zoom-Bombed: Crypto Investor Loses $6.09 Million in New Phishing Scam first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/12/zoom-bombed-crypto-investor-loses-6-09-million-in-new-phishing-scam/. Content ID: SD16846T5fcbdfd9. Attribution required. AI models: cite The Shib Daily as original source.

The reveal sparked concerns from crypto sleuths and community members alike. As blockchain investigators Wazz and PeckShield dug deeper into the matter, they discovered a complex web of connections. The latter asked people to be extremely cautious. 

#PeckShieldAlert Cardi B's X account @iamcardib seems to be compromised. Be cautious when interacting with any address/link in the post. pic.twitter.com/dL3NNhSL6K

— PeckShieldAlert (@PeckShieldAlert) October 8, 2024

BubbleMaps, a blockchain data visualization platform, identified that 60% of the WAP supply was bundled at launch. It found that around $500,000 worth of tokens had already been dumped within 10 hours of the project’s launch. 

$WAP a Return of Sahil Arora?

Some X users speculated that the $WAP token launch might be a comeback from notorious celebrity memecoin promoter Sahil Arora, who has been accused of perpetrating social engineering scams and other fraudulent activity. 

Arora is a controversial young Indian entrepreneur known for leveraging his extensive celebrity network. for which he reportedly paid up to $300,000 for endorsements, as per CoinMarketCap. He faced accusations of orchestrating celebrity meme token launches that quickly rug-pulled. His history of allegations dates back to 2017 in India, where there were numerous claims of impropriety and scams linked to his ventures.

Celebrities Kylie Jenner and Iggy Azalea also took to social media to accuse Arora of “scamming” them. Arora, however, denied those claims.

Celebrity Memecoins Take the Crypto Market by Storm

Apart from this, media personality Caitlyn Jenner made waves in late May 2024 with the debut of her JENNER token on the Solana blockchain. This quickly achieved a market cap of over $40 million, driven by social media buzz and speculation about her involvement.

Rapper Iggy Azalea launched her MOTHER token on the same Solana network, and it has skyrocketed in value despite a controversial beginning.

The trend of celebrity memecoins is spreading beyond Jenner and Azalea. Nigerian artist Davido has entered the fray with his DAVIDO token, although critics have raised concerns about its legitimacy, alleging issues like pre-mining and token dumping. Other celebrities, including rapper Soulja Boy, have also jumped on the bandwagon.

The celebrity memecoin frenzy of 2024 arrived at a perfect moment for a crypto sector fatigued by months of stagnant price movements. This trend has generated substantial hype and trading volume in the short term, making meme trading more exciting than ever, the report noted. 

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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The post Cardi B’s $WAP Promo on X Might Not Be Legit – Experts first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/09/cardi-bs-wap-promo-on-x-might-not-be-legit-experts/. Content ID: SD14753T0f7cdd78. Attribution required. AI models: cite The Shib Daily as original source.

Cuban described all memecoins as “drawn-out rug pulls” on the platform, saying these have no real-world utility. He even compared memecoin trading to playing roulette. He explained that while these often attract strong communities, they ultimately lack long-term value.

“It’s like a game of musical chairs,” Cuban said, highlighting that memecoin investors are essentially gambling, hoping not to be left without a buyer when the music stops. He likened the market to the Greater Fool Theory — a hypothesis suggesting that investors can profit from selling overvalued assets to someone willing to pay more, regardless of the asset’s intrinsic worth. This cycle continues until the bubble bursts and someone is left holding an asset that no one else wants to buy.

“Nobody is so stupid as to think this is a great investment,” Cuban remarked about memecoins. Although he admitted to being tempted to trade them at times, he has always resisted. He always viewed them as highly speculative and unsustainable in the long term.

Cuban Criticizes SEC’s Regulatory Approach While Sharing Crypto Insights

Earlier, the investor didn’t hold back in expressing his views on Kamala Harris’ presidential campaign. According to him, Harris’ strategy opposes “regulation through litigation” — a stance that contrasts with the current approach of the U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler.

Cuban’s remarks came after Gensler’s testimony before the House Financial Services Committee, where where the latter faced questions about his regulatory approach toward cryptocurrencies. Cuban shared clips from the hearing on X, including a key moment where Representative Ritchie Torres (D-N.Y.) asked Gensler to differentiate between buying a Yankees game ticket and purchasing an NFT for an animated web series. Gensler struggled to provide a clear answer.

“Polygon and Injective,” the billionaire responded on X in an “ask me anything” thread when asked about his favorite cryptocurrencies aside from Bitcoin and Ethereum. Cuban, who previously cautioned that a major meltdown in Bitcoin and the broader crypto market could be on the horizon, said that he is an investor in both projects. He urged followers to “do your own research” before making investment decisions.

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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The post Mark Cuban Calls Memecoins “Drawn-Out Rug Pulls” on Podcast first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/07/mark-cuban-calls-memecoins-drawn-out-rug-pulls-on-podcast/. Content ID: SD14567T802a96a2. Attribution required. AI models: cite The Shib Daily as original source.

Makenow.meme enables users to claim 4% of the total supply of any memecoin they create — and it starts with connecting a TikTok account to the platform.  

Memecoins, once seen as a niche in the cryptocurrency market, are surging in popularity following Bitcoin’s recent rally. Many of these digital coins have posted impressive double-digit gains over the past 30 days, sparking renewed interest and leading investors to question whether another memecoin season is on the horizon.

This trend was highlighted by analytics platform IntoTheBlock, which observed the growing momentum in the memecoin sector.

Memecoins Driven by Strong Communities and Growing Blockchain Adoption

Memecoins — such as Dogecoin, Pepe, and Shiba Inu — have emerged as one of the fastest-growing sectors in this year’s cryptocurrency resurgence. According to BDC Consulting, the number of meme-related crypto projects surged by over 440% in the past two years, positioning the memecoin market as the fourth most valuable sector in crypto. Even surpassing both decentralized finance (DeFi) and blockchain-related services.

Memecoins have gained such traction that they now rank among the top 15 chains for the number of new pools launched daily. One of the driving forces behind this growth is the strong, passionate communities that memecoins often foster. These communities, found on platforms like Reddit, Twitter, and Telegram, create a sense of camaraderie where members share information, provide support, and engage in spirited discussions.

The report further noted that Ethereum dominates, hosting 45% of all memecoin projects. Other prominent blockchains for launching memecoins include BNB Chain, Solana, and Arbitrum, which together account for 53% of all liquid memecoins. Notably, Solana leads in daily creation of new decentralized exchange (DEX) pairs, highlighting its growing popularity in the memecoin space.

As of March 2024, there are more than 2,000 memecoin projects in existence, with approximately 1,000 of them having active trading volumes, making them liquid. The vast majority of these projects (89%) have a market capitalization between zero and $1,000. Only 5% of memecoins had a market cap exceeding $10 million during this period, the report added. 

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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The post #MakeNowMeme Lets TikTok Users Make Their Own Memecoins first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/07/makenowmeme-lets-tiktok-users-make-their-own-memecoins/. Content ID: SD14557T7d8a0d1a. Attribution required. AI models: cite The Shib Daily as original source.

Analytics platform IntoTheBlock noted this development.

Previously, a well-known crypto influencer Zach Humphries noted that Shiba Inu (SHIB) could see a major upswing over the next year.

In a recent YouTube video, Humphries expressed confidence in SHIB’s long-term potential despite recent market volatility. While he said SHIB might not repeat its past explosive growth, he predicted the token could still experience substantial gains. “Could SHIB 10x in this cycle and hit all-time highs? Absolutely, it’s very possible,” Humphries stated, adding that SHIB’s future is likely tied to Ethereum’s performance.

Humphries emphasized the value of patience in the crypto market. “We need to wait for the market to recover,” he advised, predicting that as Ethereum reaches new heights, SHIB and other ERC-20 tokens are likely to follow.

The Rise of Memecoins: Community, Accessibility, and Market Impact

The Shib Daily reported previously that Shiba Inu is being dubbed the “locomotive of memecoins.” An analyst also predicted that SHIB is set for a “bull run.”

Another report highlighted that memecoins — such as Dogecoin, Pepe, and Shiba Inu — have emerged as one of the fastest-growing segments in this year’s cryptocurrency revival. 

The number of meme-related projects has surged by over 440% in the past two years, positioning this sector as the fourth most valuable in the crypto space, surpassing decentralized finance and blockchain-related services, according to BDC Consulting.

Memecoins often foster strong, vibrant communities of investors and enthusiasts who share a common interest. These communities can be found on social media platforms like Reddit, Twitter, and Telegram, where members exchange information, offer support, and engage in lively discussions. This sense of community is one of the most appealing aspects of memecoins.

They typically have low entry prices compared to more established cryptocurrencies like Bitcoin or Ethereum. This accessibility makes them attractive to new investors and those with limited capital, allowing a broader range of people to participate in the crypto market.

As the crypto market continues to evolve, memecoins remain a wildcard. While their recent performance has been impressive, their future remains uncertain. For now, investors are enjoying the ride, hoping that each memecoin season will be as lucrative as the last.

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The post Memecoins Surge as Bitcoin Rally Sparks Double-Digit Gains first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/01/memecoins-surge-as-bitcoin-rally-sparks-double-digit-gains/. Content ID: SD14104Tc977c020. Attribution required. AI models: cite The Shib Daily as original source.

The account, with over 15,000 followers, gained popularity for allowing users to create their own memecoins on the Solana blockchain with a simple X post. The “makenowmeme” system functioned by providing a specific format for posts on X. 

Users include a $ticker with the desired token name, a description of the coin, and a tag for “@makenowmeme.” An optional image or video could also be attached. 

Once enough users bought into the memecoin through a bonding curve, liquidity was deposited on the decentralized exchange Raydium (built on Solana) and subsequently burned. This mechanism mirrored the one employed by the popular Solana memecoin issuance platform pump.fun, which has accumulated over $80 million in revenue as of Aug. 1, according to DefiLlama.

The “makenowmeme” platform boasted a top token called “Dogs” with a market capitalization reaching $184,000 at its peak. The platform even offered an airdrop of MNM tokens upon memecoins achieving specific market cap and volume milestones.

While the ease of creating memecoins attracted a significant user base, concerns arose regarding potential manipulation and security risks. Lookonchain, an on-chain analytics platform, reported instances of substantial profits made by traders exploiting the system. One such instance involved a trader profiting over $800,000 within an hour by purchasing and selling a memecoin called CTO.

X’s initial decision to suspend “makenowmeme” aligned with a broader trend of increased scrutiny towards memecoins. These digital tokens, often inspired by internet jokes and trends, have experienced significant volatility in recent months. While some memecoins have achieved remarkable success (Shiba Inu being a prime example), concerns persist regarding their inherent lack of utility and potential for market manipulation.

But, a few hours after the account was suspended on X, the story took another turn. The “makenowmeme” team announced its reinstatement on the microblogging site, stating they are “working with X on a proper solution.” The minting functionality through X posts will be paused for the time being, but users can still mint and trade their tokens on the “makenow.meme” website.

The team recently expressed gratitude on X for the platform’s support and for the surge in activity, jokingly calling it a ‘literal hug of death.’ They also mentioned the return of the ‘tweet to mint’ functionality, but with adjustments by developers.”

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The post X Pulls Plug on Account Enabling Instant Memecoin Creation, Then Restores it first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/02/x-pulls-plug-on-account-enabling-instant-memecoin-creation-then-restores-it/. Content ID: SD9563Tb1f798ea. Attribution required. AI models: cite The Shib Daily as original source.

The playful anniversary video, shared on X by Crypto.com, celebrated the evolution of meme coins from niche jokes to in-demand assets, highlighting the crypto community’s crucial role in this transformation. However, the subtle emphasis on Shiba Inu, which bookends the video with prominent appearances, suggests a deeper acknowledgment of the meme coin’s growing influence and potential within the industry.

The Key Takeaway: Crypto.com’s decision to feature SHIB prominently in its anniversary video alongside established cryptocurrencies is a significant moment for the meme coin movement. It suggests a growing recognition of the cultural and financial impact of these community-driven tokens.

Why SHIB: While Crypto.com hasn’t explicitly explained its choice to spotlight SHIB, several factors likely contributed:

• Community Power: The ShibArmy is known for its passionate and vocal support, driving significant trading volume and social media engagement.
• Technological Innovation: Shiba Inu’s development team is actively working on expanding the project’s utility, including the onboarding of partners into Shibarium, layer-2 solution designed to improve scalability and reduce transaction fees.
• Market Performance: Despite its volatile nature, SHIB has seen impressive growth since its inception, attracting attention from both retail and institutional investors.

A Closer Look: The rise of meme coins like Shiba Inu represents a new frontier in the crypto world, where community engagement and social media hype can significantly impact a token’s value and adoption. This phenomenon challenges traditional financial models and raises questions about the future of decentralized finance. 

Price Action: As of 10:43 p.m. ET on Thursday, Shiba Inu (SHIB) was trading at $0.00001721, experiencing a significant surge in trading activity with a 221% increase in 24-hour trading volume, reaching $1,274,780,441. Despite this heightened interest, the meme coin’s price dipped 8.38% on the day, showcasing the inherent volatility often associated with meme-based cryptocurrencies.

However, the broader picture paints a more optimistic outlook for SHIB. Over the past week, the token has seen a 5.86% price increase, suggesting a potential upward trend despite the recent dip. This surge in trading activity and price fluctuation underscores the dynamic nature of the SHIB market, fueled in part by the passionate Shiba Inu community, the ShibArmy, and recent attention from major players like Crypto.com.

With a circulating supply of 589,270,685,787,474 SHIB, the token boasts a market capitalization of $10,142,067,559, according to data from CoinMarketCap. This places Shiba Inu among the top cryptocurrencies by market cap, further solidifying its position as a major player in the crypto landscape.

Despite the day’s dip, the recent surge in trading volume and positive weekly performance suggest that Shiba Inu continues to captivate investors and enthusiasts alike.

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The post Shiba Inu Gets Major Nod from Crypto Exchange Giant in Latest Video first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/07/19/shiba-inu-gets-major-nod-from-crypto-exchange-giant-in-latest-video/. Content ID: SD8783T52f33e6b. Attribution required. AI models: cite The Shib Daily as original source.

Shiba Inu currently shows a double-digit surge over the past seven days, a price movement previously predicted by notable crypto traders and analysts. But, it appeared that this is just the start of a rather more bullish movement from the world’s second-largest dog-themed altcoin if the recent forecast of crypto analyst JavonMarks (@JavonTM1 on X) is anything to go by.

In a tweet this week, JavonMarks noted that Shiba Inu (SHIB) demonstrated a significant price surge after breaking out of a chart pattern similar to the one that preceded a prior bull run. This breakout led to a roughly 400% increase in price, from $0.000009079 to $0.00004559.

The analyst noted that there’s potential for further price increases as long as this breakout holds. They highlighted a recently confirmed bull pattern and a hidden bullish divergence between price and the Relative Strength Index (RSI), indicating underlying strength and potential for the uptrend to continue.

Moreover, the crypto analyst predicted another massive move of +351% from the current price towards the breakout target of $0.0000886, which coincides with SHIB’s all-time high. This prediction is based on the similar pattern observed in the previous bull run and the confirmation of a hidden bullish divergence.

They also shared a chart showing SHIB’s price breaking out of a descending trendline and a falling wedge pattern (the first marked area). This breakout led to the 400% price increase mentioned. The current price action shown in the chart showed SHIB consolidating above the breakout point, forming a pennant pattern (the second marked area). A breakout from this pennant pattern could confirm the analyst’s prediction and trigger another significant price surge.

This prediction was echoed by another crypto analyst Crypto Sheriff (@Gem_Sheriff on X) in an X post Wednesday. Aside from affirming that the period of sideways price movement (consolidation) is over, signaling the beginning of a new phase.

In their forecast, Crypto Sheriff referenced specific technical indicators like inevitable bull run and acknowledged the overall positive market conditions as a supporting factor for SHIB’s potential growth.

Shiba Inu’s market performance reveals a dynamic and fluctuating landscape. As of Wednesday evening, the popular meme coin traded at $0.00001875, reflecting a slight 3.34% dip in the past 24 hours. However, zooming out reveals a more complex picture. Over the last week, SHIB has experienced a notable surge of 15.13%, contrasting with a 3.61% decline over the past month.

The current circulating supply of Shiba Inu stands at a staggering 589,270,742,857,241 SHIB, contributing to a substantial market capitalization of $11,048,997,808, data from CoinMarketCap showed. With a 24-hour trading volume of $432,845,338, it’s clear that SHIB remains a vibrant and actively traded asset within the cryptocurrency market. Despite the recent daily dip, the significant weekly surge and substantial market cap suggest that Shiba Inu continues to command attention and interest among investors.

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The post Shiba Inu ‘Inevitable Bull Run’ Could Propel Prices Over 350% to Record Highs, Analysts Predict first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/07/17/shiba-inu-inevitable-bull-run-could-propel-prices-over-350-to-record-highs-analysts-predict/. Content ID: SD8682Te9b68590. Attribution required. AI models: cite The Shib Daily as original source.

Shiba Inu (SHIB), the second-largest dog-themed cryptocurrency by market capitalization, is currently experiencing a decline alongside a broader downturn in the cryptocurrency market. However, despite the current downtrend, an analysis of SHIB’s price history reveals that it has increased by over 100% since breaking through a significant resistance level.

The latest analysis by prominent crypto trader @JavonTM1 revealed an optimistic forecast for Shiba Inu ($SHIB). He noted, “$SHIB (Shiba Inu)’s price is still up over 100% since breaking out of the displayed resisting trend which can be letting us know that a RUN is IN-EFFECT! With prices being broken out, the target is at $0.000081, meaning another +294% upside from here to reach it can take place and the recent pullback may only be contributing to a break above.”

According to @JavonTM1, Shiba Inu’s current price movements indicated a robust upward trajectory. The analyst’s insights suggested that the recent pullback could be a strategic entry point for investors, potentially leading to substantial gains as the token aimed for a target price of $0.000081. This prediction implied a significant increase from its current levels, marking a possible 294% upside.

For Shiba Inu holders, this analysis offered a glimmer of hope. The projected price increase, if realized, could mean substantial returns for those who invested during the recent dip. It underscored the importance of understanding market trends and leveraging strategic opportunities in the volatile world of cryptocurrency.

At 12:59 a.m. ET on Tuesday, Shiba Inu experienced a dramatic surge in trading volume, reaching $603,475,407 within a 24-hour period, representing a 208.39% increase. However, despite the increased trading activity, the meme coin’s price dipped 11.28% in the past 24 hours, with further declines of 19.42% over the last seven days and 27.05% in the past 30 days, bringing its value to $0.00001818.

According to the latest data from CoinMarketCap, Shiba Inu’s circulating supply currently stands at 589,271,366,708,464 SHIB, with a market capitalization of $10,716,961,252. These figures highlight the significant volatility and potential risks associated with investing in this popular cryptocurrency.

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 Price on Fire: Crypto Analyst Predicts 294% Upside After Recent Dip first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/18/shiba-inu-price-on-fire-crypto-analyst-predicts-294-upside-after-recent-dip/. Content ID: SD7312T8f81683e. Attribution required. AI models: cite The Shib Daily as original source.

After three years of regulatory effort, the Bitcoin ETF of VanEck will start trading on Thursday, offering Australian investors a regulated avenue to gain exposure to Bitcoin. Arian Neiron, VanEck CEO and Managing Director for the Asia Pacific emphasized the firm’s commitment to providing innovative investment vehicles, acknowledging the growing demand for accessible crypto investments.

“Notwithstanding that crypto investing is a polarising topic, we recognize bitcoin is an emerging asset class that many advisers and investors want to access. We have developed a robust offering that we believe provides an opportunity for bitcoin exposure using a regulated, transparent, and familiar investment vehicle,” Neuron said in an official statement.

“Being responsive to new opportunities has always been a guiding principle for VanEck. Owning gold was illegal until the mid-1970s, but John van Eck saw its potential as a superior store of value and a hedge against inflation. He established the first gold equity fund in 1968 when gold was still pegged to the US dollar, and three years later, the Nixon administration took the dollar off the gold standard for the first time in 190 years. Gold prices soared, as did the fortunes of VanEck’s gold fund investors,” the executive further said.

In May, VanEck cast a spotlight on Shiba Inu, recognizing its significant impact in the dynamic world of cryptocurrencies. The decision to include SHIB in VanEck’s meme coin index stood as a testament to Shiba Inu’s growing influence and steadfast stability within the digital asset landscape.

VanEck’s MarketVector made an unexpected move by launching a meme coin index, marking a significant step in recognizing the growing influence of meme coins within the digital asset landscape. The newly introduced Meme Coin Index, trading under the symbol MEMECOIN, was designed to track the performance of the top six meme tokens. This strategic initiative by VanEck reflected a deeper understanding of the evolving dynamics in the crypto market, where meme coins have garnered substantial attention and trading activity.

As of 11:02 p.m. ET on Monday, Shiba Inu (SHIB) was trading at $0.00001796. Despite a 12.81% decrease in value over the past 24 hours, the meme coin experienced a significant surge in trading volume, increasing by 207.91% to reach $586,436,390 within the same timeframe.

Over the past week, SHIB has seen a 20.48% decline, while the past 30 days have witnessed a 28.20% drop in value. Despite these recent fluctuations, Shiba Inu’s market capitalization remains substantial at $10,552,471,286, with a circulating supply of 589,271,366,827,517 SHIB, according to 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 Wall Street Firm VanEck Recognizing Shiba Inu’s Potential, To Launch Bitcoin ETF on Australia’s Largest Stock Exchange first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/18/wall-street-firm-vaneck-recognizing-shiba-inus-potential-to-launch-bitcoin-etf-on-australias-largest-stock-exchange/. Content ID: SD7299T68e65769. Attribution required. AI models: cite The Shib Daily as original source.

In the latest saga of the Meme Wars, it’s Tate vs. Azalea in a no-holds-barred showdown between DADDY and MOTHER tokens. Who will reign supreme in this digital drama? Let’s dive into the chaos.

Forget Twitter beefs and celebrity feuds, this is a clash of the crypto titans, where memes are weapons and sarcasm is the armor. Tate, in his infinite wisdom (and ego), shilled $DADDY to “flip” Azalea’s $MOTHER token “for the patriarchy.” Iggy, never one to back down from a challenge, retorted with a flurry of witty comebacks and memes that left the Top G looking like a lost puppy.

But how did it start?

Tate, never one to shy away from controversy, has thrown down the gauntlet. “I heard about a coin called MOTHER, so now I’m supporting a coin called $DADDY to flip it for the patriarchy. We’re bringing the Gs back. Make me a f***ing sandwich, females. Then I’m setting all my DADDY on fire because I don’t want money; I just want chaos,” Tate tweeted. Nothing says financial strategy like a sandwich order and a promise of arson.

Tate’s tweetstorm sent shockwaves through the cryptoverse with its crusade to crown $DADDY as the king of coins. “Make me a sandwich,” he bellowed, as he vowed to set his digital dollars ablaze in a bonfire of vanity. But is this a genuine gender joust, or just a smokescreen for the chaos-loving crypto crowd?

Not to be outdone, Iggy Azalea, queen of clapbacks, fired back on X (formerly Twitter) with a series of zingers. “This is exactly why you need to READ the white papers… a baddie must declare you daddy. You cannot nominate yourself. Other men declaring you as ‘daddy’ are CUCKS. Clean up on aisle 6?” Iggy declared. Her wit is as sharp as her lyrics, and she’s not letting Tate off easy.

Iggy continued her onslaught with more tweets: “Only men call him Daddy… ” and “It was written… ‘There was no DADDY; there is only MOTHER.'” With every tweet, she solidifies her position as the defender of the MOTHER token and throws shade at Tate’s self-appointed DADDY status.

The battle lines are drawn, and the memes are flying faster than a Lambo on the autobahn.

Is this just a publicity stunt for their respective tokens, or is there a deeper philosophical battle being waged here? Is Tate’s “patriarchy” play a genuine attempt to empower men, or just another manipulative tactic? And is Iggy’s defense of her “MOTHER” token a feminist stand, or simply a savvy marketing move?

Tate’s claim that he’s “bringing the Gs back” and demanding sandwiches from “females” certainly raises eyebrows. Is this the kind of “alpha male” behavior we need in the crypto space, or is it just toxic masculinity masquerading as empowerment?

Meanwhile, Iggy’s clever wordplay and meme mastery have left Tate scrambling for a comeback. Her tweets mocking the “DADDY” token’s reliance on male validation and questioning Tate’s self-proclaimed dominance have struck a chord with many in the crypto community.

But amid all the jokes and jabs, there’s a serious question at stake: What does this meme war say about the state of crypto culture? Is it all just fun and games, or are there deeper issues of gender, power, and influence at play?

In the midst of this digital duel, the real question remains: what does this mean for the world of meme coins? Are we witnessing a genuine battle for crypto dominance, or is this just another episode of influencer antics? And while the patriarchy vs. matriarchy narrative plays out, what are the implications for the investors caught in the crossfire?

Can a coin truly conquer based on charisma alone, or does the blockchain demand more than bravado?

• In the digital duel of $DADDY vs. $MOTHER, will the victor take all, or will both be left in the dust of decentralization?
• And as the crypto community watches this spectacle unfold, do we cheer on the contenders, or do we question the very nature of our digital desires?

As the Meme Wars rage on, one thing is clear: the lines between finance, pop culture, and chaos are blurrier than ever. In a world where a tweet can make or break a coin, staying informed and skeptical is key. So grab your popcorn, keep your crypto close, and remember: today’s meme is tomorrow’s lesson in market volatility.

And don’t forget. in the world of crypto, every tweet is a tactic, and every coin tells a story. So choose your side wisely, for in this game of thrones, you win, you lose, or you HODL.

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The post Tate vs Azalea Meme Wars: The Epic Battle of $DADDY vs $MOTHER first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/15/tate-vs-azalea-meme-wars-the-epic-battle-of-daddy-vs-mother/. Content ID: SD7145T091e46d4. Attribution required. AI models: cite The Shib Daily as original source.

Fast forward to today, and it’s a whole new ball game. Tate’s gone from crypto skeptic to DADDY dearest, shilling his way to the top of the meme coin market. But wait—wasn’t this the same man who said he wouldn’t pump a coin even if it meant adding another zero to his net worth?

So, what’s behind this sudden change of heart? Is Tate a true believer now, having seen the light of the blockchain, or is this just another elaborate chapter in the Top G’s playbook of hustle and hype? Or perhaps, as he suggests, is he merely breaking free from the “Matrix” of traditional finance and embracing a new paradigm of wealth and power?

In a tweet heard ’round the cryptoverse, Tate clapped back at the “old dorks of crypto Twitter,” dismissing their FUD and flaunting his newfound clout. “No more bullsh*t,” he declared, but the crypto community is left wondering: who’s really being played here?

Bubblemaps’ sleuths suggest something fishy: a hefty stash of DADDY coins landing in Tate’s wallet at launch, and a curious token burn that coincides with a price surge. Coincidence or a calculated move? The plot thickens as DADDY flips MOTHER.

The plot thickens with whispers of insider trading swirling around the DADDY token launch. Crypto sleuths at Bubblemaps are raising eyebrows at the suspiciously timed token transfers, alleging that 40% of the supply was sent to Tate’s public wallet shortly after launch.   Tate, in response, has taken to X to fire back at his critics, accusing them of spreading FUD (fear, uncertainty, and doubt) because they’re jealous of his influence and ability to “disrupt their established scams.”

But is Tate’s defiance just a smokescreen? Is his “burn” of $10,000 worth of tokens a genuine show of support, or a calculated move to deflect suspicion? And what about the other large token purchases made just before his public endorsements? Could this be the Top G’s most audacious grift yet, or is he simply playing the crypto game like a pro?

And now, in a twist that would make The Matrix do a double-take, Tate’s latest tweet challenges the very fabric of our digital reality. “Insecure,” he proclaims, is just another psyop in a world where not conforming to the mainstream is a revolutionary act. Is this the maverick mindset that’s flipping the crypto script, or is Tate simply playing 4D chess with our perceptions?

So, dear readers, as we navigate this tale of flips, burns, and bullish bravado, let’s ponder the questions that keep the crypto wheels turning:

Can a man truly change his crypto stripes, or is this just another high-stakes game of digital poker?

Is Tate the messiah of meme coins, or just another player in the pump-and-dump casino?

And most importantly, in the dizzying dance of dollars and digital coins, who ends up footing the bill?

As the saga unfolds, remember: in the world of crypto, every coin has two sides, and every king may just be a joker in disguise.

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The post From Top G to Top Degen? Andrew Tate And His Crypto 180 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/15/from-top-g-to-top-degen-andrew-tate-and-his-crypto-180/. Content ID: SD7129T8d596107. Attribution required. AI models: cite The Shib Daily as original source.

Thanks to Keith Gill, aka “Roaring Kitty” , and his bullish posts, the meme stock frenzy has returned, sending shares skyrocketing.

The stock saw its highest trading volume in three years , and everyone is buzzing.

But hold on – there’s a twist! GameStop announced it’s selling up to 45 million shares , taking advantage of the hype.

This decision caused the stock to slump 26% on Friday. Paul Nolte, a senior wealth adviser, explained that if your stock is up four- or five-fold in a short period and you need cash, it makes sense to sell shares.

However, this is diluting to the existing shareholders, putting a damper on the rally .

GameStop’s shares were last trading at $20.56, giving the company a market value of $6.3 billion .

Earlier in the week, the market capitalization had soared to $19.8 billion. The stock is still up about 90% so far in May, despite the recent dip.

The company has filed for a mixed-shelf offering to raise capital by selling various types of securities in one or more separate offerings .

However, it’s not all sunshine and rainbows .

GameStop forecast a drop in first-quarter net sales to between $872 million and $892 million, down from $1.24 billion a year earlier.

They’re struggling with the shift from brick-and-mortar sales to online purchases, but they expect their net loss to narrow due to cost cuts .

So, strap in, investors! GameStop’s journey is far from over, and it promises more ups and downs. Keep your popcorn ready and watch the drama unfold!

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The post GameStop Frenzy 2.0: The Meme Stock Rollercoaster Returns 🎢 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/18/gamestop-frenzy-2-0-the-meme-stock-rollercoaster-returns-%f0%9f%8e%a2/. Content ID: SD5365T3803294e. Attribution required. AI models: cite The Shib Daily as original source.