The article compares Bitcoin and Shiba Inu, highlighting Bitcoin's status as a scarce, gold-like asset favored by institutional investors, versus Shiba Inu's meme coin status with potential growth tied to its Layer-2 network Shibarium. While Bitcoin is generally a safer, more established investment, some see potential in Shiba Inu due to its ecosystem development, though it faces stiff competition and risks of underperformance. Overall, most investors should prefer Bitcoin, but a contrarian case exists for Shiba Inu based on its growth prospects.
A dormant whale moved 100.45 billion SHIB to Binance amid declining retail interest and rising whale exits, raising concerns about a potential further price drop. SHIB remains near a key demand zone, but bearish momentum, increased short interest, and reduced retail participation suggest the token could face further downside unless buyers step in. The market's next move depends on whether SHIB can hold its support levels or break below them.
Despite a recent 7.5% drop and a potential 18% decline if support levels are broken, whales are actively buying the dip in Shiba Inu, indicating they may know something about future gains. Retail investors are exiting, while whale transactions surge, suggesting a possible upcoming reversal if key support holds. Technical analysis shows a downtrend with increased short positions, but a rebound is possible if SHIB sustains above critical support levels.
Shiba Inu's price could reach new highs if it reclaims its peak market dominance and the global crypto market cap hits $40 trillion, potentially pushing SHIB to new all-time highs, though current market conditions remain challenging.
Shiba Inu (SHIB) shows a more bullish short-term outlook compared to Pepe (PEPE) for July, with stronger technical indicators and on-chain metrics. While PEPE faces resistance and weakening demand, SHIB benefits from upward momentum and higher daily active addresses, suggesting better market performance.
Shiba Inu's layer-2 network Shibarium is nearing 5 million blocks, marking a significant milestone. However, SHIB's price remains stagnant, with trading volume and burn rate both declining. Despite this, some on-chain metrics suggest a bullish outlook, including increased Net Network Growth and large transactions by whales. Additionally, Shiba Inu's fundamentals remain strong, with potential developments like a Shiba Inu Spot ETF and support for perpetual futures on Coinbase International Exchange.
Shiba Inu (SHIB) is entering a new weekly market cycle, showing consistent volume patterns with spikes at the beginning of each week. Currently trading at $0.00002446, SHIB remains above the 50-day Exponential Moving Average, indicating bullish sentiment. On-chain data reveals that 60% of holders are in profit, and 73% of SHIB tokens are held by large whales, suggesting they may influence price movements. The general market sentiment for SHIB is positive, supported by on-chain and exchange indicators.
Shibarium, the layer-2 blockchain of the Shiba Inu ecosystem, is nearing 5 million blocks, indicating increased validator activity. However, SHIB's price remains stagnant at $0.000024, and network activity has declined, with fewer transactions and new addresses. Despite a slight increase in the price of Bone ShibaSwap (BONE), Shibarium's Total Value Locked (TVL) has decreased, suggesting limited market confidence in the blockchain's potential for gains.
Kabosu, the Shiba Inu that became the face of Dogecoin, has died at 18, her owner announced. Kabosu gained global fame as a meme and significantly influenced the cryptocurrency's popularity, especially after Elon Musk's endorsements. Dogecoin now ranks as the ninth biggest cryptocurrency with a market cap of $23.6 billion.
Kabosu, the Shiba inu who became famous for her skeptical glance that inspired the 'doge' meme and a cryptocurrency, has died at the age of 18 in her home in Sakura, Japan. Her owner, Atsuko Sato, shared that Kabosu passed away peacefully while being petted.
Kabosu, the Shiba Inu who became famous as the face of the "doge" meme and Dogecoin, passed away peacefully at 18. Her owner, Atsuko Sato, announced the news on social media, expressing gratitude for the love and support Kabosu received over the years. Kabosu's iconic image and cheerful demeanor made her a beloved internet sensation. A farewell party is planned in Narita.
Kabosu, the Shiba Inu dog whose face became the iconic Doge meme and inspired the Dogecoin cryptocurrency, has died at the age of 18. Her owner, Atsuko Sato, announced that Kabosu passed away peacefully at home in Sakura, Japan. Kabosu's rise to fame began in 2010 when a photo of her with a distinctive expression went viral, leading to her becoming a global internet sensation.
Kabosu, the Shiba Inu dog behind the famous "doge" meme and the face of Dogecoin cryptocurrency, has died at the age of 18. Kabosu, who had been suffering from leukemia and liver disease, passed away on May 24. Adopted by Atsuko Sato in 2008, Kabosu's image became an internet sensation and inspired the creation of Dogecoin, which has a market capitalization of $23 billion. Kabosu's legacy includes a $100,000 statue and significant charitable donations.
Kabosu, the Shiba Inu dog famous for the "doge" meme, has passed away, her owner Atsuko Sato confirmed. Kabosu's image, which went viral in 2013, became an iconic internet meme and even the face of a cryptocurrency. Sato expressed her sorrow in a heartfelt blog post, and a farewell party is planned. Dogecoin and fans worldwide have paid tribute to the beloved dog.
Kabosu, the Shiba Inu behind the famous "doge" meme and face of Dogecoin, has died at 18 after battling leukaemia and liver disease. Her owner, Atsuko Sato, expressed gratitude for the love and support over the years. Kabosu became an internet sensation in 2010 and her image was later sold as an NFT for $4 million.
