Shiba Inu Gains More Real-World Utility with UQUID Integration for Mobile Top-Ups and E-Commerce Services
UQUID, the world's first Smart Shopping Market on Web3 and Metaverse, has announced that SHIB tokens are now accepted for mobile top-ups and other e-commerce services. This integration will allow SHIB token holders to use their tokens to top up airtime on their phones, shop online, and explore the upcoming SHIB metaverse. The community of passionate SHIB supporters, SHIBARMY, is excited about this new development, given that adding SHIB to UQUID's payment options is a major step forward for Shiba Inu. Additionally, Nuxgame has integrated CoinPayments' crypto payment gateway to allow users to make payments with SHIB, tapping into the rapidly growing crypto market and attracting a new generation of gamers who prefer digital assets like SHIB for transactions.
Bybit Announces $20K USDT Giveaway for Shiba Inu Traders and Meme Coin Enthusiasts
Bybit, a leading cryptocurrency exchange, has announced a giveaway of $20K USDT for users who trade Shiba Inu tokens. The giveaway campaign will end on May 18, 2023, at 11:30 AM (UTC). Users will be ranked based on their trading volume on the SHIB/USDT pair throughout the giveaway event.
Huobi Global Collaborates with Shiba Inu Army for Twitter Space Discussion on SHIB Journey and Ecosystem
Huobi Global, one of the world's largest crypto exchanges, is collaborating with the Shiba Inu Army to host a Twitter Space discussion about SHIB's journey and ecosystem. The event will feature Digarch Stan and Mazrael, two respected voices in the SHIB community, discussing a wide range of topics including the future of the crypto industry. The SHIB Army and Huobi hope to reach a wider audience and share their vision. Additionally, Swapika plans to integrate Shibarium, a Layer 2 solution of Shiba Inu, into its platform once it goes live, potentially increasing the price of SHIB.
Binance US Launches Dollar-Cost Averaging Feature for Shiba Inu (SHIB) Community
Binance US has introduced a dollar-cost averaging feature for Shiba Inu (SHIB) fans to easily build their portfolio. Despite SHIB's recent decline in value, Binance US's new auto-buy feature allows investors to purchase the coin on a set schedule of their choosing, using the dollar-cost averaging technique. This strategy helps investors avoid market timing and benefit from long-term market growth. Additionally, over 5 billion units of SHIB have been burned in the past week, pushing the meme coin's burn rate to an astonishing 13150% and creating scarcity to potentially increase the value of the remaining token.
London-based Crypto Exchange Swapika to Integrate Shiba Inu’s L2 Solution, Shibarium
London-based cryptocurrency exchange Swapika has announced plans to integrate Shibarium, the Layer 2 Solution, into its service once it goes live. This move follows Swapika's recent decision to add support for all three tokens in the Shiba Inu Ecosystem, including Shiba Inu (SHIB), Bone ShibaSwap (BONE), and The Dogecoin Killer (LEASH). Shibarium is currently in its Beta Phase and has already recorded widespread adoption, with over 14.5 million wallets and 6.3 million transactions processed. The exact launch date of the Shibarium Mainnet has not been disclosed, but the Beta Phase is expected to take up to 2 to 4 months to complete.
On-Chain Analyst Identifies Early Investors in Memecoins SHIB and PEPE
On-chain analyst LookOnChain has identified prominent cryptocurrency investors, known as "whales," who were early adopters of meme coins such as Shiba Inu and PEPE. LookOnChain has highlighted three SmartMoney wallet addresses that invested early before the bull run. These whales are believed to have a good understanding of the market and make efficient investment decisions. Meanwhile, the price of PEPE has declined after making significant waves in the crypto industry over the past week.
Binance Suspends Market Order Functions For SHIB, FLOKI, PEPE
Binance, the world's largest cryptocurrency exchange, has announced the suspension of market order functions for selected spot and margin trading pairs, including meme coins such as Shiba Inu (SHIB), FLOKI, and PEPE, from May 7 until further notice. The "Market Order - Total" feature for selected spot and margin trading pairs will be suspended, but the manual input to "Market Order - Amount" remains available for placing market orders. The changes mostly impact meme coins such as SHIB, FLOKI, and PEPE, and the market order functions are also suspended for almost all trading pairs listed against BIDR. The restrictions are likely due to volatility and risks in trading meme coins. FLOKI and PEPE coins are trading with massive trading volume after listing on Binance, with FLOKI trading at $0.0000435 and PEPE trading at $0.00000308. SHIB price trades at $0.0000097, down 2% in the last 24 hours and 6% in a week.<br>(By Varinder Singh)
Three Smart Moneys Make Millions of Dollars by Early Investing in SHIB and PEPE: Lookonchain
Lookonchain revealed that three smart moneys made millions of dollars by investing in two cryptocurrencies, $SHIB and $PEPE, early on.
Shiba Inu Burn Rate Skyrockets 39,000% After Mysterious Wallet Burns 1.69 Billion $SHIB
Popular Shiba Inu ($SHIB) burn tracking portal Shibburn is reporting that a mysterious whale in the meme-inspired cryptocurrency’s ecosystem has, in a single transaction, removed a staggering 1.69 billion SHIB tokens from circulation, resulting in a monumental 38,986.28% increase in the Shiba Inu coin’s burn rate over the past 24 hours.
CoinGecko: A $12 Shiba Inu Investment in 2021 Yielded $1M
CoinGecko, a prominent cryptocurrency price-tracking platform, conducted a comprehensive analysis of the most popular meme coins during their peak periods. The study results reveal that Shiba Inu (SHIB) yielded the highest returns during its bullish phase, as investors could have potentially earned $1 million with a mere $12 investment.
