DeFI News by Thebittimes.Com

Shiba Inu (SHIB) is experiencing a surge in whale inflows. Whale capital has risen by 643% over the last 30 days. The surge in whale money coincides with SHIB’s latest price rally. The popular cryptocurrency is up 4.5% in the daily charts, 29.5% in the weekly charts, 21.3% in the 14-day charts, and 36.3% over the previous month. Despite the upswing, SHIB’s price has fallen 25.8% since May 2024. Also Read: United States Cuts Tariffs on Chinese Goods From 145% to 30% for 90 Days Source: CoinGecko Shiba Inu Follows Market Resurgence Source: Watcher Guru SHIB’s latest rally comes amid a bullish breakout for the cryptocurrency market. Bitcoin (BTC) is testing the $105,000 mark. The original crypto could be on its way to a new all-time high. According to the data from IntoTheBlock, the number of SHIB holders in profit has risen by 6.81%. A total of 45% of SHIB holders are currently in the money. Despite the recent turnaround, 51% of SHIB holders are still in the red. Also Re...

The Shiba Inu (SHIB) community has eagerly awaited the meme coin’s one-cent mark. However, the turbulent cryptocurrency waters make it challenging for the asset to move towards this level. Following the most recent market crash, SHIB dropped 84% below its all-time high of $0.0000884. At press time, however, the meme coin registered an uptick of over 5% and was trading at $0.00001397. Telegaon data indicates that in 2040, Shiba Inu will primarily reach the one-cent milestone. The asset has a long journey ahead of it, and the only people who stand to gain from SHIB hitting a cent are those who patiently hold onto their assets. Can this dream, though, come true sooner? Also Read: Shiba Inu: AI Sets SHIB Price For August 15, 2024 Shibarium a Game Changer for Shib? Despite several hurdles and downfalls, the SHIB network has made it easier for the asset to achieve this milestone. A hard fork is scheduled to occur on the L2 network today, August 9, 2024, at 9:15 AM (UTC), per a recent an...