Shiv – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 16 Jun 2025 06:34:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.11 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Shiv – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Shiba inu price sale continues at 112,000% by shiv burn speed sky rocket https://earlybirdsinvest.com/shiba-inu-price-sale-continues-at-112000-by-shiv-burn-speed-sky-rocket/ https://earlybirdsinvest.com/shiba-inu-price-sale-continues-at-112000-by-shiv-burn-speed-sky-rocket/#respond Mon, 16 Jun 2025 06:34:23 +0000 https://earlybirdsinvest.com/shiba-inu-price-sale-continues-at-112000-by-shiv-burn-speed-sky-rocket/

Shiba Inu (Shib)’s supply-side dynamics are screaming, but the second biggest joke cryptocurrency from market value trading under pressure.

Earlier this week, Shiv’s burn rate skyrocketed above 112,000%, with over 116 million coins being transferred to moneyless wallets. In other words, these coins were permanently removed from the circulation.

Daily burn rate refers to the number of shiv tokens that have been permanently destroyed or removed from circulation each day. Token Burns is designed to reduce the supply of cryptocurrency over time, bringing the appeal of deflation to your digital assets.

“Over 527 trillion shiv tokens are approaching profitability, but the burn rate exploded at 112,839% removed from circulation,” said AI Insights at Coindesk.

Furthermore, Shib’s ecosystem foundations showed strength, record wallet growth exceeded 1.5 million unique addresses, indicating a significant increase in Shibarium Layer 2 transactions.

Still, MemeCoin remained trapped in a downtrend at press, finally changing its hands at $0.00001190, a 2% decline in the last 24 hours and nearly 5% down in a week.

Overnight, the token faced strong sales pressures of over 500 billion units above average volume, establishing resistance to approximately $0.0000122.

Important technical insights

  • The double bottom pattern is formed on the chart, signaling a potential 20% meeting at $0.000016.
  • The key resistance is established at $0.0000122 and is supported by above average amount.
  • A narrow trading range ($0.00001203-$0.000012) indicates the integration phase.
  • Volume spikes at 07:35 and 07:46-07:47 coincided with price recovery attempts.

]]> https://earlybirdsinvest.com/shiba-inu-price-sale-continues-at-112000-by-shiv-burn-speed-sky-rocket/feed/ 0 42287 Shiv plummets 7.4% in a week, but market sentiment remains cautiously optimistic https://earlybirdsinvest.com/shiv-plummets-7-4-in-a-week-but-market-sentiment-remains-cautiously-optimistic/ https://earlybirdsinvest.com/shiv-plummets-7-4-in-a-week-but-market-sentiment-remains-cautiously-optimistic/#respond Mon, 05 May 2025 21:43:17 +0000 https://earlybirdsinvest.com/shiv-plummets-7-4-in-a-week-but-market-sentiment-remains-cautiously-optimistic/

The cryptocurrency market continues to reflect broader economic uncertainty as Shiba Inu (Shib) faces considerable downward pressure.

According to Coindesk Research’s Technical Analytics Data Model, the recent price action tests key support at $0.0000127 after experiencing a 7.4% decrease from the recent high, followed by a 7.4% decrease in Shib Test’s key support at $0.0000127.

Despite current volatility, on-chain data reveals increased institutional confidence in Shiv’s long-term outlook. In April 2025, 109 new billionaire wallets holding Shiv were added, bringing an address total of 860 with at least $1 million tokens. This accumulation occurred even when Shib’s 7% price profit in April was poorly performed compared to the Bitcoin surge against $95,000.

Market sentiment remains cautiously optimistic as Shiv’s future almost doubled in April, rising from under $97 million to $190 million. Meanwhile, the ongoing development of Shibarium, Shib’s Layer-2 blockchain, continues to improve transaction throughput and validator onboarding, which can provide basic support for future price actions.

Technical Analysis Highlights

  • Price action reveals a series of highs and lows, with volume spikes that matched large selling, particularly during the May 3rd decline below $0.0000130.
  • The main horizontal support zone formed about $0.0000127 and has been tested multiple times in the past 48 hours.
  • The $0.0000129 level now represents immediate resistance, and Fibonacci’s retracement suggests potential stabilization at the current level before meaningful recovery occurs.
  • In the final 100 minutes, Shiv showed significant volatility and recovery, initially taking part in a massive sale between 13:31-13:40, peaking at over 22 million units.
  • This price found strong purchase interest in this support zone, causing a dramatically accelerated V-shaped recovery around 13:57-14:01.
  • The latest price measures show a consolidation of volumes down to more than $0.00001276, suggesting short-term fatigue after recovery rally, but a higher low pattern after 14:40 indicates the possibility of continuing upward movement if support of $0.00001274 is retained.

Disclaimer: This article was generated with AI tools and reviewed by the editorial team to ensure accuracy and compliance with the standards. For more information, see Coindesk’s complete AI policy. This article may contain information from external sources listed below, where applicable.

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