{"id":519095,"date":"2023-02-09T08:22:06","date_gmt":"2023-02-09T08:22:06","guid":{"rendered":"https:\/\/wncen.com\/?p=519095"},"modified":"2023-02-09T08:22:06","modified_gmt":"2023-02-09T08:22:06","slug":"shibarium-hype-hits-peak","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shibarium-hype-hits-peak\/","title":{"rendered":"Shibarium Hype Hits Its Peak As 1.3 Million Wallets Hold SHIB"},"content":{"rendered":"

Anticipation for the launch of Shibarium has officially reached its peak with <\/span>CoinMarketCap<\/span><\/a> noting 1.3 million wallets holding SHIB. The token has seen a gradual increase since the start of the month, with Shiba Inu ushering February with 1.2 million wallets.\u00a0<\/span><\/p>\n

Today, the number grew by 14k more wallets which shows a strong anticipation for the network upgrade. With Shytoshi Kusama being cryptic about the release of the upgrade, hype around Shibarium is hitting peaks never seen on Shiba Inu before.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Related Reading: Baby Doge Coin Grows 124% In Last 7 Days \u2013 Is This The Next Big Thing In Crypto?<\/a><\/div>\n

Large Amount Of Whale Transactions<\/strong><\/h2>\n

The hype around the upgrade didn\u2019t just affect retail investors sentiment. Whales have entered the scene as well. According to CoinMarketCap, the top 10 holders of the token hold about 60% of the total supply of SHIB.<\/span><\/p>\n

Santiment data<\/span><\/a> also shows that the token is experiencing a large amount of whale transactions recently which may result in a massive price movement in the long term.\u00a0<\/span><\/p>\n

\n

\ud83d\udc33 Three of the more polarizing assets in #crypto<\/a>, #Cardano<\/a>, #ShibaInu<\/a>, and #Hex<\/a>, are seeing big spikes in large whale transactions. When $100k+ transactions spike on a network, it historically is associated with upcoming price shifts. Monitor closely. \ud83d\udc40 https:\/\/t.co\/KG0mTWH11y<\/a> pic.twitter.com\/PHI9NOaxbn<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) February 5, 2023<\/a><\/p><\/blockquote>\n

Shibarium\u2019s effect on the sentiment can\u2019t be underestimated. On Twitter, <\/span>analysts<\/span><\/a> are bullish with some setting targets to the tune of $0.1. This prediction represents an over 9,000% increase in price.\u00a0<\/span><\/p>\n

However, the 2022 bear market clawed investor\u2019s gains, <\/span>placing<\/span><\/a> 54% of SHIB out of the money, meaning these holdings are facing losses. But with SHIB facing bullish developments, the long term prospect of SHIB, especially with Shibarium, is very positive.\u00a0<\/span><\/p>\n

\n

Are you going to hold $SHIB<\/a> past $0.1? \ud83d\udc40<\/p>\n

No Yes Yes
\n\ud83d\udc47 \ud83d\udc47 \ud83d\udc47<\/p>\n

\u2014 SHIBA INU (@ShibInfo) February 7, 2023<\/a><\/p><\/blockquote>\n

What Does The Future Hold For SHIB?\u00a0<\/strong><\/h2>\n

SHIB is currently on the uptrend with CoinGecko noting a nearly 12% gain in the weekly time frame. At the current price of $0.00001335, the token has converted its September 2022 resistance to support.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Right now, investors and traders can be comfortable in consolidating above $0.00001330 support. With the release of Shibarium around the corner, the long term prospect of SHIB is bullish with a possibility to break the $0.00001500 resistance which may continue the token\u2019s bullish momentum.\u00a0<\/span><\/p>\n

However, with the whale activity being so high right now, Shibarium\u2019s launch might bring some challenges. Investors and traders should also monitor SHIB\u2019s correlation with major cryptocurrencies as these would also dictate the token\u2019s movements in the coming days or weeks.<\/span><\/p>\n

<\/p>\n

SHIB total market cap at $7.3 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: This Little-Known Crypto Erupts 1,300% In Last 24 Hours \u2013 Find Out Here<\/a><\/div>\n
Meanwhile, with other major coins experiencing a slowdown in sentiment, SHIB\u2019s momentum might also be affected.<\/span><\/p>\n
For now, SHIB bulls should consolidate above the token\u2019s support level as this will be a launch pad for the token to breach $0.00001576 and, if the momentum permits it, $0.00001797 as well.\u00a0<\/span><\/p>\n
-Featured image from Vcgamers<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Anticipation for the launch of Shibarium has officially reached its peak with CoinMarketCap noting 1.3 million wallets holding SHIB. The token has seen a gradual increase since the start of the month, with Shiba Inu ushering February with 1.2 million wallets.\u00a0 Today, the number grew by 14k more wallets which shows a strong anticipation for the network upgrade. With Shytoshi Kusama being cryptic about the release of the upgrade, hype around Shibarium is hitting peaks never seen on Shiba Inu before.\u00a0 Related Reading: Baby Doge Coin Grows 124% In Last 7 Days \u2013 Is This The Next Big Thing In Crypto? Large Amount Of Whale Transactions The hype around the upgrade didn\u2019t just affect retail investors sentiment. Whales have entered the scene as well. According to CoinMarketCap, the top 10 holders of the token hold about 60% of the total supply of SHIB. Santiment data also shows that the token is experiencing a large amount of whale transactions recently which may result in a massive price movement in the long term.\u00a0 \ud83d\udc33 Three of the more polarizing assets in #crypto, #Cardano, #ShibaInu, and #Hex, are seeing big spikes in large whale transactions. When $100k+ transactions spike on a network, it historically is associated with upcoming price shifts. Monitor closely. \ud83d\udc40 https:\/\/t.co\/KG0mTWH11y pic.twitter.com\/PHI9NOaxbn \u2014 Santiment (@santimentfeed) February 5, 2023 Shibarium\u2019s effect on the sentiment can\u2019t be underestimated. On Twitter, analysts are bullish with some setting targets to the tune of $0.1. This prediction represents an over 9,000% increase in price.\u00a0 However, the 2022 bear market clawed investor\u2019s gains, placing 54% of SHIB out of the money, meaning these holdings are facing losses. But with SHIB facing bullish developments, the long term prospect of SHIB, especially with Shibarium, is very positive.\u00a0 Are you going to hold $SHIB past $0.1? \ud83d\udc40 No Yes Yes \ud83d\udc47 \ud83d\udc47 \ud83d\udc47 \u2014 SHIBA INU (@ShibInfo) February 7, 2023 What Does The Future Hold For SHIB?\u00a0 SHIB is currently on the uptrend with CoinGecko noting a nearly 12% gain in the weekly time frame. At the current price of $0.00001335, the token has converted its September 2022 resistance to support.\u00a0 Right now, investors and traders can be comfortable in consolidating above $0.00001330 support. With the release of Shibarium around the corner, the long term prospect of SHIB is bullish with a possibility to break the $0.00001500 resistance which may continue the token\u2019s bullish momentum.\u00a0 However, with the whale activity being so high right now, Shibarium\u2019s launch might bring some challenges. Investors and traders should also monitor SHIB\u2019s correlation with major cryptocurrencies as these would also dictate the token\u2019s movements in the coming days or weeks. SHIB total market cap at $7.3 billion on the daily chart | Chart: TradingView.com Related Reading: This Little-Known Crypto Erupts 1,300% In Last 24 Hours \u2013 Find Out Here Meanwhile, with other major coins experiencing a slowdown in sentiment, SHIB\u2019s momentum might also be affected. For now, SHIB bulls should consolidate above the token\u2019s support level as this will be a launch pad for the token to breach $0.00001576 and, if the momentum permits it, $0.00001797 as well.\u00a0 -Featured image from Vcgamers<\/p>\n","protected":false},"author":557,"featured_media":519096,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,14690,3505,83668,83667,87680],"class_list":["post-519095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-crypto-news","tag-price-analysis","tag-shib","tag-shiba-inu","tag-shibarium"],"acf":[],"yoast_head":"\nShibarium Hype Hits Its Peak As 1.3 Million Wallets Hold SHIB<\/title>\n<meta name=\"description\" content=\"The token has seen a gradual increase since the start of the month, with Shiba Inu ushering 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shibarium Hype Hits Its Peak As 1.3 Million Wallets Hold SHIB","url":"http:\/\/wncen.com\/news\/shibarium-hype-hits-peak\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shibarium-hype-hits-peak\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Shibarium.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Shibarium.png?fit=786%2C452"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto news","price analysis","shib","shiba inu","shibarium"],"dateCreated":"2023-02-09T08:22:06Z","datePublished":"2023-02-09T08:22:06Z","dateModified":"2023-02-09T08:22:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shibarium Hype Hits Its Peak As 1.3 Million Wallets Hold SHIB\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shibarium-hype-hits-peak\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shibarium-hype-hits-peak\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Shibarium.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Shibarium.png?fit=786%2C452\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto news\",\"price analysis\",\"shib\",\"shiba inu\",\"shibarium\"],\"dateCreated\":\"2023-02-09T08:22:06Z\",\"datePublished\":\"2023-02-09T08:22:06Z\",\"dateModified\":\"2023-02-09T08:22:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Shibarium.png?fit=786%2C452","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519095"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=519095"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/519096"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=519095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=519095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=519095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}