In this article we are going to discuss about Shiba Inu Coin News Today. So, stick to the end because Today’s article is full of major updates.
Well if you ask which crypto is performing well in the market, it is to no surprise that you will hear Shiba Inu, how much Shiba Inu can make you rich!
How do whales control the market?
Do you think the coin will reach $0.01?
Make sure that you stick to the article till the end, and find out how the coin will set a new all-time high soon!
Today we will discuss how crypto whales makes massive transactions and the way it impacts the price of the coin, also we will look into the reasons why Shiba Inu will hit the $0.01 mark soon.
So, let’s get into the article without any further delay…!!
Disclaimer: The information in this post is intended to be educational only and should not be construed as financial advice.
Shiba Inu Coin News Today
It is to no surprise that we see a lot of groups of anonymous people experimenting with money democracy as the number of cryptocurrencies has grown, and the Shib token embodies this new trend.
One such incident that was noticed by many crypto enthusiasts recently which took place in the month of November is that Shiba Inu whales aren’t willing to give up their favourite meme-token and are eager to purchase more, as one whale has done with 171 billion tokens.
On November 17, the whale made the first big transaction on the blockchain, purchasing $6 million worth of SHIB tokens. The coin has been trading at 460 satoshi units following a significant decline in the cryptocurrency market.
When Shib fell even lower to 460 satoshi units eleven hours after the first transaction, the whale decided to acquire another, smaller amount of Shiba Inu tokens, totalling $2.3 million. Let us know in the comments below if you have witnessed such a massive transaction.
Similarly, another such incident took place in the third week of December, According to Etherscan, an unidentified whale who already owns 31.2 billion Shiba Inu tokens in his wallet has purchased two more SHIB lumps on 16h December. One is worth 2.9 billion SHIB, while the other is worth 3.2 billion.
This whale has been accepting transactions of several billion Shiba Inu each over the last few days. The largest was 5.8 billion tokens. 1.5 billion SHIB tokens was the smallest amount of tokens in the transactions list.
According to data given by etherscan, a whale has received a whopping 43 billion SHIB in the last two days.
The anonymous address has seen 4.5 billion, 4 billion, 3 billion, and 2 billion dollars pass through it, all of which were sent away immediately. On the balance sheet, there are just two billion Shiba Inu coins left.
So guys what do you think?
Who could this whale possibly be?
A celebrity or a business person?
Or could it even be an expert in the field of crypto?
Shiba Inu has reclaimed first place among Ethereum whales, according to statistics released by Whalestats.
SHIB now has a 7.06 %market share among ETH-based tokens held by Ethereum whales. The FTX coin comes in second with 6.57 %, followed by USDT 4.45 %.
Shiba Inu has been steadily declining in terms of the number of transfers on the network, according to current information provided by WhaleStats.
Transaction activity peaked at 1,670 on Dec. 9, then declined again, reaching 967 on Dec. 14. This figure currently stands at 550 transfers on the SHIB network, according to the graph.
The number of addresses sending and receiving SHIB continues to be small. Interest in the second-most popular meme cryptocurrency was significantly higher earlier this fall, and whale purchases pushed the coin’s price to new highs.
Though this was an unexpected incident in the market and the price has now come down this is actually the ideal time to buy the coin because we predict the coin’s price will rise greatly in the near future because, when we look at the coin’s total supply, this anonymous whale has significantly cut the coin’s supply, which will have a huge impact on the coin’s price action in the near future.
Increasing the demand of the token by generating scarcity or cutting off the supply will boost the coin’s worth.
Are you going to take advantage of this situation by investing in Shiba Inu? Do let us know about your strategy for the end year-end 202.
According to CoinMarketCap data, Dogecoin and Shiba Inu are currently battling for the title of 12th largest cryptocurrency.
The meme tokens Dogecoin and Shiba Inu are engaged in a “dogfight” on the crypto rating chart since both are now paw-to-paw.
Dogecoin was ranked 12th on CoinMarketCap at the time of recording this article, while Shiba Inu was ranked 13th.
Dogecoin and Shiba Inu have a lot in common because they were both inspired by the Japanese Shiba Inu breed.
Both have dedicated fan bases, as seen by active social media platforms, as well as an increasing acceptance of payments and transactions.
Dogecoin, on the other hand, was the “first parody coin,” emerging in 2013, while Shiba Inu launched in 2020.
It is gonna be really difficult to say which coin will perform well as both have similar features and community support, Tesla CEO and Time magazine’s “Man of the Year,” Elon Musk, tweeted on Dec. 14 about the company’s plans to sell Dogecoin-based products.
This was in response to Musk’s claim that Dogecoin was better for transactions than Bitcoin.
As a result, the DOGE price soared roughly 48% to highs of $0.228 as investors rushed to purchase the canine-themed coin.
As a result, Dogecoin dropped out of the top ten cryptocurrencies by market capitalization as investors took profits.
How do you think this tweet will impact the price of the coin?
Do you think that the price of the con will reach 0.01 by January?
In response to Tesla’s Dogecoin adoption, Shiba Inu developer Shytoshi Kusama tweeted about Shiba Inu’s rising acceptance through BitPay, Newegg, and hundreds of other shops.
— Shytoshi Kusama™ (@ShytoshiKusama) December 14, 2021
Shiba Inu has recently been integrated into Flexa, a cryptocurrency payments startup financed by the Winklevoss twins. The Gemini-backed Flexa allows Shiba Inu to be accepted at GameStop,
Lowe’s, and Nordstrom, as well as other supported businesses. Payments in Dogecoin and Shiba Inu are getting increasingly popular, indicating that dog meme culture is here to stay. With all these, let us get to know the Shiba Inu coin a bit closer.
As of 17th December, the value of Shiba Inu is 320 satoshi units, with a 24-hour trading volume of $8 billion. The current ranking is #13, with a live market cap of $31,800,000,000.
Therefore from the above data, it is almost certain that Shiba Inu is going to reach new highs, and the prices are going to skyrocket through the roof.
Therefore people looking for a stable investment with guaranteed returns, Shiba Inu might be where you put your money into.
Conclusion – Shiba Inu Coin News Today
If you found this article inspiring, and wish to see more content like this, let us know which coin inspired you the most below in the comment section.
Kindly note that the prices of cryptocurrencies frequently change, so they might have changed to a whole new value by the time you watch this article.
The information provided in this article does not constitute investment advice and is for educational purposes only. Do conduct your due diligence and consult your financial advisor before making any investment decisions.
Disclaimer: The content in this Article is for educational purposes only and hence should not be considered as financial advice. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.