Shiba Inu ($SHIB) Crypto Forecast: Up 5.0% Today

What is Shiba Inu?

Shiba Inu (SHIB) is a meme cryptocurrency token known as the "Dogecoin Killer" with a strong presence in the decentralized finance (DeFi) sector, supported by a dedicated community.

Why is Shiba Inu going up?

SHIB crypto is up 5.0% on Sep 13, 2024 21:20

• SHIB saw a notable 4.4% price surge within a day, reflecting a bullish trend.
• The recent burning of 11 million SHIB coins may have fueled this positive momentum by reducing the token's supply, potentially increasing its scarcity and value.
• Anticipation around an upcoming significant technological upgrade within the Shiba Inu ecosystem likely bolstered investor confidence in the token's future prospects.
• The generally favorable market sentiment towards cryptocurrencies, exemplified by BlackRock's backing of Bitcoin as a hedge against global uncertainties and optimistic price forecasts from analysts, might have also positively impacted SHIB's value.

SHIB Price Chart

SHIB News

Shiba Inu Loses Whale Dominance During $0.000014 Consolidation: Here’s the Next SHIB Price Trend

Shiba Inu Loses Whale Dominance During $0.000014 Consolidation: Here’s the Next SHIB Price Trend

https://coinpedia.org/price-analysis/shiba-inu-loses-whale-dominance-during-0-000014-consolidation-heres-the-next-shib-price-trend/

BlackRock Calls Bitcoin ‘Hedge Against Global Disorder’, Analyst Sets $600,000 Target

BlackRock Calls Bitcoin ‘Hedge Against Global Disorder’, Analyst Sets $600,000 Target

https://www.newsbtc.com/news/bitcoin/blackrock-bitcoin-hedge-600000/

'Dogecoin Killer' Shiba Inu Burns 11 Million Coins In A Single Day: A Breakout 'May Spark The Next Wave Of An Over 480% Run,' Trader Says

Shiba Inu SHIB/USD is up 10% over the past week and traders expect this pattern to continue. What Happened: With Shiba Inu prices rallying 4.4% in a single day, crypto trader Javon Marks noted that the meme coin is breaking out of its falling wedge pattern.

https://www.benzinga.com/markets/cryptocurrency/24/09/40860777/dogecoin-killer-shiba-inu-burns-11-million-coins-in-a-single-day-a-breakout-may-spark-the-

Is DogWifHat (WIF) The “Most Bearish” Of All Major Meme Coins?

Is DogWifHat (WIF) The “Most Bearish” Of All Major Meme Coins?

https://www.newsbtc.com/news/solana/is-dogwifhat-wif-the-most-bearish-of-all-major-meme-coins/

Shiba Inu Ecosystem Getting Major Tech Upgrade

Shiba Inu Ecosystem Getting Major Tech Upgrade

https://u.today/shiba-inu-ecosystem-getting-major-tech-upgrade

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Shiba Inu Price History

04.08.2024 - SHIB Crypto was down 5.1%

• SHIB faced significant bearish movement today during a broader cryptocurrency market decline.
• Market pessimism grew due to worries about regulatory actions, particularly from the US Department of Justice affecting Nvidia, impacting both Bitcoin and altcoins like SHIB.
• The declining market cap of meme coins like SHIB and Dogecoin, dropping below $40 billion, influenced SHIB's price downward.
• Despite the harsh market conditions, the rise of new utility tokens such as ETFSwap as preferred options over SHIB signals a changing landscape in the altcoin market which could lead to a shift in focus and investment away from meme coins.

29.07.2024 - SHIB Crypto was up 5.3%

• SHIB exhibited a notable upward movement today, potentially triggered by the unveiling of a second Shibarium-based game by the Shiba Inu team. This development likely spurred enthusiasm and confidence among investors, resulting in increased buying activity.
• The acknowledgment of Shytoshi Kusama emphasizing SHIB's foray into the gaming sector may have drawn more notice to the token, further propelling its positive momentum.
• The escalating optimism among SHIB traders, exemplified by projections of hitting $0.000015 and conversations in that vein, may have bolstered the favorable outlook and demand for the token.
• Despite a 12% decline in Dogecoin (DOGE), some investors could have redirected their focus to SHIB as an alternative, seeing DOGE's downturn as a chance to branch out their portfolios with other meme-inspired tokens such as SHIB.

29.07.2024 - SHIB Crypto was up 5.4%

• The strong bullish movement of SHIB today could be attributed to the 1,036% spike in Shiba Inu token transaction fees, indicating increased network activity and demand for the token.
• Shytoshi Kusama's highlighting of an epic SHIB move in the gaming sphere might have also contributed to the bullish sentiment, attracting more investors and users to the project.
• The overall positive sentiment towards meme coins, as seen in lists of meme coins to watch, could have further fueled the bullish movement of SHIB, as investors seek high-risk, high-reward opportunities in the market.

04.08.2024 - SHIB Crypto was down 7.0%

• Despite a crypto analyst predicting a significant surge in SHIB's value, the market movement today was bearish, indicating a different sentiment among investors.
• The emergence of ETFSwap as a top pick over DOGE and SHIB in the altcoin season could have diverted attention and investment away from SHIB, contributing to its bearish movement.
• Tron's implementation of a 100% on-chain buyback and burn process may have attracted investors looking for more secure and sustainable investment options, leading to a shift in focus from SHIB.
• The overall bearish trend in Bitcoin and Ethereum, as identified by Peter Brandt, might have influenced the broader cryptocurrency market sentiment, including the negative movement in SHIB today.

06.08.2024 - SHIB Crypto was down 5.1%

• The bearish movement in SHIB today could be attributed to the overall market sentiment influenced by a comparison of the current Bitcoin situation to September 2016, possibly hinting at a period of consolidation or correction by a Crypto Analyst.
• Despite the negative market movement, the announcement of two major milestones by the Shiba Inu team may have initially sparked some positive sentiment but was overshadowed by broader market trends.
• The surge in burn rate for Shiba Inu amidst the market crash indicates strong community support and long-term commitment to the token, potentially helping to stabilize its price in the future.
• While the focus has been on SHIB, discussions surrounding Cardano ADA and its potential to create millionaires in 2024, as well as the growing interest from investors in Solana and Polygon, could have diverted attention and investment away from SHIB, contributing to its bearish movement.

30.07.2024 - SHIB Crypto was down 5.3%

• The bearish movement in SHIB today could be attributed to the significant crash in its profitability. This news might have triggered a sell-off among investors, leading to a downward pressure on the token's price.
• Despite SHIB's bearish movement, the surge in its burn rate could indicate a potential recovery in the token's value. However, this positive development might not have been enough to offset the overall market sentiment.
• The focus on other meme-based tokens like FLOKI and Mpeppe might have diverted some attention and investment away from SHIB, contributing to its bearish movement.
• The stability of Dogecoin's price despite external factors could also have influenced investors to reallocate their funds from more volatile assets like SHIB to relatively safer options.

09.08.2024 - SHIB Crypto was up 5.2%

• SHIB experienced a strong bullish movement today, with a significant price surge.
• The bullish sentiment around SHIB seems to be driven by positive momentum and investor interest.
• The mention of Mpeppe (MPEPE) in recent discussions could indicate a positive correlation or interest between the two tokens, potentially contributing to SHIB's bullish movement.
• Overall, the market seems to be favoring SHIB, with investors remaining bullish on its prospects despite any recent declines, as indicated by reports about a leading investor's optimism towards the token.

09.08.2024 - SHIB Crypto was up 5.4%

• SHIB saw a strong bullish movement today, with a significant increase in crucial whale metrics and inflows, indicating growing interest and investment in the token.
• The positive sentiment towards SHIB is further reinforced by a leading investor's bullish outlook on the token, despite recent declines in the market.
• The anticipation of a major rally in SHIB is supported by the surge in inflows, suggesting that investors are preparing for a potential price increase.
• The focus on other Ethereum memecoins like Mpeppe by whale investors on Uniswap may have indirectly contributed to the positive market movement of SHIB, as interest in the overall meme cryptocurrency space continues to grow.

05.08.2024 - SHIB Crypto was up 6.9%

• SHIB displayed a robust upward movement recently, potentially influenced by a surge in the burn rate of 189% over the last 24 hours, resulting in 3.6 million SHIB coins being burnt. This development led traders to anticipate a 231% increase in the meme coin's value.
• The positive sentiment surrounding SHIB stands in contrast to the negative price trends observed in other cryptocurrencies like XRP, Ethereum, and Floki Inu. This divergence may have further stimulated investor attention towards SHIB.
• The general market outlook towards SHIB seems optimistic, with the token reaching nearly 2 trillion in trading volume in a day. This heightened trading activity could also be bolstering the upward trend of SHIB.

13.08.2024 - SHIB Crypto was up 5.2%

• A SHIB whale allocating a portion of their holdings to Mpeppe (MPEPE) could have sparked interest and positive sentiment in the market, contributing to SHIB's bullish movement.
• Despite FUD (Fear, Uncertainty, Doubt) surrounding SHIB, the bullish movement indicates that investors may be focusing more on positive developments within the SHIB ecosystem.
• The news of SHIB and Dogecoin investors flocking into a new A.I dating cryptocurrency may have diverted some attention from SHIB temporarily, but the overall bullish sentiment prevailed.
• The comparison between SHIB and Dogecoin, along with the mention of a new cryptocurrency, could have created a buzz in the market, potentially attracting more investors to SHIB and driving up its value.

13.08.2024 - SHIB Crypto was up 5.0%

• SHIB saw a notable 4.4% price surge within a day, reflecting a bullish trend.
• The recent burning of 11 million SHIB coins may have fueled this positive momentum by reducing the token's supply, potentially increasing its scarcity and value.
• Anticipation around an upcoming significant technological upgrade within the Shiba Inu ecosystem likely bolstered investor confidence in the token's future prospects.
• The generally favorable market sentiment towards cryptocurrencies, exemplified by BlackRock's backing of Bitcoin as a hedge against global uncertainties and optimistic price forecasts from analysts, might have also positively impacted SHIB's value.

13.08.2024 - SHIB Crypto was up 5.4%

• SHIB experienced a strong bullish movement due to positive sentiment and increased interest from investors.
• There are observations that investors are shifting their focus towards new meme cryptocurrencies like GoodEgg (GEGG), potentially impacting the market movement of SHIB.
• The competition from new meme coins and the speculation around their potential for significant gains may have influenced traders to buy into SHIB, driving its price up.
• Despite facing challenges from emerging meme coins, SHIB's recent price rise indicates that it still holds appeal for traders and investors in the volatile cryptocurrency market.