SHIB token burn rates are seemingly rising on the Shiba Inu network. The current number of Shiba Inu burn trackers is quite surprising. However,...

The Shibarmy continues to support the metaverse initiative that was revealed last year. The project’s Lands are selling quickly, alongside the tokens required for...

Advertisement &nbsp &nbsp Ethereum whales are busy amassing Shiba Inu ahead of the anticipated Shibarium launch. Whalestats shows that the meme crypto was among...

14 mins ago | 2 mins read Altcoin News As of the end of...

ETH’s price shows the first sign of bounce after forming a bullish pattern as the price gets rejected into a descending range channel.  ETH bounced off its downtrend movement as the price builds more momentum in a descending triangle with a breakout on either side open.  The price of ETH continues in its range movement as the price gets rejected and trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Ethereum (ETH) after its “Ethereum Merge” hasn’t been encouraging as the price has dropped far below the expectations of many. After rallying to a high of $2,030 before its merge, the price of Ethereum (ETH) has seen its price decline with little or no bounce to the upside as the market continues with so much uncertainty as to where the crypto market could be headed in the next few weeks. Despite so much speculation of a better month, with many referring to it as Uptober based on past data and price movement, the result has yet to see much change. (Data from Binance) Related Reading: Shiba Inu Burn Rate Spikes By 1,860% – Why Investors Should Take Note Of This Ethereum (ETH) Price Analysis On The Weekly Chart. Ethereum’s price has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of ETH has yet to enjoy the measure of relief it had in previous weeks before its merge. ETH showed much strength on the weekly chart rallying from a low of $900 to a high of $2,030 before facing rejection from that region.  After the price of ETH rallied to a high of $2,030, the price has faced rejection to break higher to a region of $2,500-$3,000, and the price has continued to struggle to stay afloat, considering how tough the crypto market has been lately. ETH’s price was rejected to a region of $1,600, where it had formed strong Support before rallying to a high of $2,030. The price of ETH after rejection could not hold this support area which would be a good area to push prices higher as the price fell to $1,400. With the price further losing $1,400 support, the price battled to hold above $1,200, acting as a key demand zone for prices. Weekly resistance for the price of ETH – $1,450. Weekly Support for the price of ETH – $1,200. Price Analysis Of ETH On The Daily (1D) Chart In the daily timeframe, the price of ETH continues to trade below the key resistance formed at 50 EMA after forming a descending triangle as the price attempts to break into a higher price range.  The price of ETH needs to break and hold above $1,400 for the price to trend higher to a region of $1,550 and possibly $1,600, which is a key supply zone ETH price in recent weeks.  Daily resistance for the ETH price – $1,400. Daily Support for the ETH price – $1,270. Related Reading: Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre Featured Image From Uopeople, Charts From Tradingview

A total of 1 billion Shiba Inu ($SHIB) have been burned over the last 24-hour period, sending the meme-inspired cryptocurrency’s burn rate up over 12,000%. Over the last few days, well over 2.2 billion tokens have been burned. According to data from Shiba Inu burn tracking platform Shibburn 1.04 billion SHIB were burned over the […]

While Shiba Inu is still on the surge in 2022,  Microsoft’s latest tweet has created abuzz with speculation within the SHIB community. In addition to Microsoft rumor, Steven Cooper just announced a Billion Shiba Inu burn. SHIB has already announced its future projects like ‘Shiberse’ and the coin is also getting a positive response from

The post Why Shiba Inu Price May Skyrocket In Next Few Weeks? appeared first on CoinGape.

It’s hard to engage in the crypto sphere without hearing a single word about the Shiba Inu coin. Memecoins, as they are called in public, have gained a lot of popularity, but nobody had been taking them seriously before the Dogecoin phenomenon. Another memecoin, Shiba Inu, has become one of the hottest topics in 2021 ... Read more

The post Hot Dog Spotlight: Shiba Inu Burning Importance first appeared on Blog.

Shiba Inu developers are in the process of developing new methods to burn SHIB. According to Steven Cooper, these mechanisms will be introduced to the ecosystem later. Over the past weekend, more than 110 million SHIB tokens have been burned. Burning tokens are a common ploy applied if there is an excess of tokens in

The post Shiba Inu (SHIB) Sagging Values To Get A Boost With New Token Burn Mechanism? appeared first on CoinGape.

CoinMarketCap has started to partner with the Shiba Inu team to fix recent issues related to “wormhole” addresses. CoinMarketCap has earlier listed three wormholes Shibu Inu contract addresses on their official platform in a recent update. However, the Shiba Inu community mistook the addresses as being malicious, confusing. The company later clarified that the contract addresses

The post Shiba Inu (SHIB) Devs Begin to Fix Recent Issue of ‘Wormhole’ Addresses’; Here’s All You Need to Know appeared first on CoinGape.