So how would one even know that years down the line, a Dog-based meme cryptocurrency could return millions in gains for investors?! Yes, it is a good time to buy SHIB based on the increase expected in cryptocurrency prices. Although Shiba Inu is significantly down, in a long-term investment, Shiba Inu’s price action is anticipated to be much stronger in the future. Yes, SHIB tokens are a good investment for the long term, as they have surprised investors with massive returns. The favorable inclination of Elon Musk for the SHIB token as a meme coin, calling it the ‘Dogecoin Killer,’ has also arisen the interest of many investors.

  • Yes, it is a good time to buy SHIB based on the increase expected in cryptocurrency prices.
  • Analysts mentioned that the whale had bought around 3.49 Trillion Shiba Inu at a mere cost of 2.37 Ethereum , approx a price of $2,233 in 2020.
  • Real-time analyst ratings, insider transactions, earnings data, and more.
  • It added that the whale then made 1967 Ethereum (approx worth $7 million) by trading on SHIB on the Uniswap platform.
  • A user on Reddit posted Kabosu’s picture and referred to the Shiba Inu as “Doge,” changing its meaning forever.

As per the LookonChain, a whale address moved around 200 billion Shiba Inu coin (approx worth $1.67 million) to Crypto.com on Monday. However, just after 5 hours of this mega transfer, Shiba Inu price dropped by big 7%. Built for fun, this meme coin is now spreading its wings towards utility, with “n” number of initiatives.

The long-term price prediction clearly suggests that despite all the price fluctuations of SHIB tokens and high risk, the SHIB digital assets are expected to be profitable with a bullish trend. Our Shiba Inu prediction is based on technical analysis and the past performance of the coin. Based on the market status of digital coins, traders should perform their own research before making any financial decisions orcryptocurrency predictionsto evaluate their own risk involved.

Whale behind Shiba Inu coin price drop?

Kabosu, the Shiba Inu behind the viral “Doge” meme, is seriously sick with cancer and an acute liver disease, her owner said. The technical storage or access that is used exclusively for anonymous statistical purposes. Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Shiba Inu, Meme coins and more. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

shiba inu news

Like any other cryptocurrency, the Shiba token is vulnerable to market fluctuations too, and is highly volatile. SHIB burn recorded a 13,000% spike as hundreds of millions of tokens were destroyed at the end of 2022. Based on data from the Shibburn portal, upwards of 100 million SHIB tokens were burned in a 24 hour period. In the 48 hours that followed, 300 million more of the Dogecoin-killer’s tokens were permanently removed from circulation in a single transaction.

How much the whale holds now?

SOL tokens climbed past $13 on Tuesday and were up 20% in the past 24 hours. By contrast, top cryptocurrencies bitcoin and ethereum were down 0.5% and 0.6%, respectively. Since its debut on the crypto exchanges, Shiba Inu’s price had only increased with no sudden surges or downward spirals until it hit its all-time high value on Oct 28, 2021. The bulls had a strong hand until the profit booking sentiments hit the SHIB market.

Investors and traders are still keen on Shiba Inu price prediction, as the team will be venturing into a host of new-age applications. But FTX’s bankruptcy filing amid reports that the crypto exchange transferred billions of dollars in client funds to Bankman-Fried’s hedge fund Alameda soured sentiment on Solana in the crypto community. Of the Bonk tokens being airdropped, roughly 20% could be used for an ecosystem of 297,000 Solana-based non-fungible tokens and 10% could go to Solana-based artists, according to CoinDesk.

shiba inu news

Shiba Inu was created in August 2020, dubbing itself the ‘Dogecoin killer’. The major one being its Metaverse, wherefore the business is dwelling on wild conjectures, over SHIB price prediction. Successively, novices seek answers to Shiba Inu price prediction for 2040 and Shiba Inu coin price prediction for 2050. That said, buckle up, as we take you on a drive-through of the SHIB price prediction for 2023 – 2025 and beyond.

Shiba Inu (SHIB) News

It added that the whale then made 1967 Ethereum (approx worth $7 million) by trading on SHIB on the Uniswap platform. The crypto whales went on trading Shiba Inu on Centralised exchanges after SHIB got listed on Binance, Crypto.com, and more. Shiba Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as Ryoshi.

However, the whales took the opportunity and began to sell their holding. Analysts mentioned that the whale had bought around 3.49 Trillion Shiba Inu at a mere cost of 2.37 Ethereum , approx a price of $2,233 https://cryptolisting.org/ in 2020. The whale spent 1.83 ETH (approx price $1,967 at that time) to add 2,27 Trillion Shiba Inu. Later it bought 1.22 Trillion SHIB which cost it around 0.54 ETH (approx price $266 at that time).

shiba inu news

The name itself originates from a 2005 episode of the comedic web series “Homestar Runner” in which a character misspells the word “dog” aloud. A user on Reddit posted Kabosu’s picture and referred to the Shiba Inu as “Doge,” changing its meaning forever. The internet-famous dog became popular after social media users began using a 2010 photo from Sato’s personal blog that showed Kabosu appearing to smirk. Earlier this week, Kabosu’s owner revealed that the 17-year-old Shiba Inu had not been eating or drinking water on Christmas Eve. But in her most recent post, Sato said the dog’s appetite had returned and showed Kabosu in several videos eating, drinking and resting next to a cat friend. The dog, named Kabosu, is in “dangerous condition,” her owner, Atsuko Sato, a teacher who lives in Japan, shared in a series of Instagram posts this week.

Let’s explore the technical analysis before the Shiba Inu price prediction. Data depicts that Shiba Inu coin whales a good amount of money over what is quint this transaction. Tracker reported that the crypto whale bought around 15.29 Trillion SHIB tokens with 10 Ethereum (approx worth $3,795).

About Shiba Inu (SHIB)

Proudly celebrating our thanniversary promoting the public’s access to credible, independent news and sport. The growing acceptance by retail and luxury brands, could make way for global recognition and the influx of elite customers. Successively, the spike in influence is evident, as presently whales hold the lion’s share, followed by retail, and lastly by investors.

Shiba Inu became one of the best-performing cryptocurrencies ever created, going up by over 48,000,000% by the end of 2021. However, the whale is still holding around 0.55 trillion Shiba Inu coin. If the whale sells its remaining SHIB holding then it might book a good amount of $18.3 million.

SHIB is the native and the first token of the Shiba Inu ecosystem, which is powered by the Ethereum blockchain. Unlike its rival Dogecoin, which employs a tech similar to that of Bitcoin. The presented content may include the personal opinion of the author and is subject to market condition. The author or the publication does not hold any responsibility for your personal financial loss.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Shiba Inu produces its own wallet software that is available for download on its website, which allows you to store Shiba Inu on your computer. Sign-up to receive the latest news and price data for Shiba Inu and its competitors with MarketBeat’s CryptoBeat newsletter.

In October 2010 and referred to her as “Doge.” Countless netizens began making “Doge” memes featuring Kabosu’s unamused face and her iconic pose with one paw crossed over the other. On Friday, the beloved dog’s owner, Atsuko Sato, announced on Instagram that Kabosu can now drink lots of water, finish her food and go to the bathroom on her own. Despite the consolidation, BTC is slowly climbing higher like clockwork.

Please enable JavaScript or switch to a supported browser to continue using twitter.com. After losing nearly all its value in 2022 as Sam Bankman-Fried’s crypto empire collapsed, solana finally ended a streak of nine consecutive days of losses. After losing nearly all its value in 2022 as Sam Bankman-Fried’s crypto empire collapsed, solana ended a streak of nine consecutive losses.

As per our SHIB price forecast, the only good thing is that investors and traders might see a buying opportunity for the coin due to lower prices. Bitcoin price shows a clear exhaustion of bullish trend after recovering above a stable support level. This move is likely setting up the stage for a rally for BTC bulls after a quiet end to 2022. Bitcoin shorts worth $93.5 million were closed in December 2022, could this be a sign a BTC price rally is imminent? Experts argue late shorts getting liquidated implies a short squeeze, overall sentiment and outlook need to change for bullish breakout.