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Shiba Inu has managed to steal the spotlight yet again. Latest on-chain data has indicated that new wallets have acquired more than 18 billion tokens in the past two weeks. This surge in activity underscores the enduring popularity of the asset. These intriguing findings have emerged from data provided by NerdBot, an analytical resource specializing in on-chain data. NerdBot’s latest discoveries reveal a consistent pattern of accumulation among newly established wallets, signaling a growing interest in Shiba Inu. According to this data, the trend of accumulation began around Sept. 20. However, between this date and Sept. 24, the rate of accumulation remained relatively modest, with daily cumulative purchases consistently falling below 500 million SHIB. Source A notable turning point occurred on Sept. 25 when Shiba Inu witnessed a substantial spike in accumulation, surpassing 5 billion tokens in a single day. This significant increase might indicate that investors were poised t...

In a recent development, Shibburn, the tracker of Shiba Inu burn transactions, has unveiled a new feature dedicated to monitoring preparations for burns on the Shibarium blockchain. While this announcement has garnered attention within the crypto community, it is accompanied by a report of a sudden spike in gas fees on the platform. Gas Fees on Shibarium Experience a Swift Ascent Shibburn initially estimated BONE fees on Shibarium ’s Layer-2 blockchain, a prediction that was reasonably close to the actual average fee upon its first release. However, the situation took an unexpected turn on September 21, when Shibburn recalculated the data from the previous week. This revised data revealed an alarming surge in gas fees, particularly on September 12 and 13. During these two days, gas fees on Shibarium soared to levels well above the norm. Some transactions witnessed a staggering increase of 60% to 70% above the permitted gas limit of 20,000,000. Shibburn clarified that their c...

Shiba Inu has been successful in printing a couple of green candles on its daily chart. In fact, it has been able to successfully sustain above the $0.000007 threshold as well. As analyzed in a recent article, the asset’s price has bounced up three times since June 2023 after testing this price. In all instances, SHIB has rallied by double digits. On the one-hour timeframe, an uptrend is already in play for SHIB. In fact, the asset has been replicating the broader market’s movements owing to the rise in its correlation with mainstream assets. In August, it shared a negative correlation with Bitcoin and Ethereum. The dynamics have flipped since then, and SHIB currently shares a positive, healthy correlation of around 0.82 and 0.93 with both the top cryptos. The rise in buy orders has been primarily responsible for the ongoing trend. Data from IntoTheBlock pointed out that the buyer-seller trade difference had a bullish bias, and flashed a positive value of 27.59 billion SHIB tokens i...

The Shiba Inu team has been striving to uphold the spirit of decentralization. Recently, it was unveiled that the Shiba Inu ecosystem will tie all the applications to a blockchain-based digital identity going forward. The Self-Sovereign Identity, or SSI, will help bolster trust among SHIB users and governments. Alongside, it will give users more control over their personal data and its distribution online. In a recently released blog post, Shytoshi Kusama addressed the what, why, and when of the SSI implementation. Kusama asserted that large companies make “billions” by monetizing user data. This is technically done with permi ssi on, but not always with full user understanding. The SSI intended to change this paradigm and opened the doors for “advanced trust and decentralization.” The post brought to light that Shib SSI will solve the complexity of the Shiba Inu ecosystem by fostering granular governance. This will be done at a level ”not realized...

Data analytics platform Gov Capital has used deep learning algorithms to predict Shiba Inu’s (SHIB) daily price till July 27, 2028. To the disappointment of many fans and users, the firm does not expect SHIB to hit $0.01 or $1. However, it predicted that the asset’s price will surpass its all-time high of $0.00008616. According to Gov Capital’s deep learning algorithm, SHIB’s price could reach a high of $0.000207 on July 26, 2028. This represented a 2530.24 % gain from current levels. In fact, as per the platform, SHIB is predicted to enter the three-zero territory by September 2026. Source: Gov Capital Also Read: Shiba Inu Burn Tracker Explains Why Burns Are Not Moving Prices However, as per the platform, Shiba Inu (SHIB) might not attain its target of $0.01 or $1 anytime soon. However, the deep learning algorithm might not have all the data necessary. Can Shiba Inu go higher than $0.000207? Source – Twitter The deep learning algorithm...

Shiba Inu is one of the most popular meme coins on the current crypto market. Since its inception in 2020, it has seen rapid growth over the past few years. There have been multiple investor stories of people who turned their early investments in digital currency into thousands, even millions. The latest Shiba Inu trader story involves a relatively lower investment than usually mentioned in these stories, leading to exponential profit. Source: Unsplash Shiba Inu Investor’s $17 Becomes $15 Million In October 2020, an unnamed Shiba Inu Trader put $17 into Shiba Inu, liking the idea of an early investment in SHIB. The coin was just a few months old at the time and was only seen as a joke of a coin. At the time of their purchase, one Shiba Inu was worth $0.000000000085, and the project had a market cap of less than $10 million. The $17 investment bought this investor over 200 billion $SHIB. Also read: Shiba Inu: Shibarium Testnet Sets New Record Within a few months, $S...

Shiba Inu has dominated the meme coin world. Despite the fact that Dogecoin is known as the “king of meme coin s,” SHIB stands out in several ways, excluding the price. SHIB has always had an advantage in terms of advancement and utility. The meme coin has recently reached a number of significant milestones. SHIB has come a long way, from reaching the highest holder counts to the record-breaking number of Shiba Eternity game downloads. Watcher.Guru had earlier reported on December 20 that SHIB is just 2% away from a major achievement. Nine days later, as 2022 counts down to its final two days, Shiba Inu hit that milestone. Shiba Inu’s long-term holder composition touches 60% According to IntoTheBlock data, SHIB finally reached a composition of 60% long-term holders. The makeup of holders is crucial because it reveals their characteristics. Long-term investors benefit from cryptocurrencies because they help to maintain a more stable and l...