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www.cifdaq.com
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Shib , an Inu whale, accumulates over 397.8 SHIB in the face of market volatility
In this article: Shib a Inu (SHIB) remains in the spotlight despite the overall downward trend. Current data shows that a single wallet has accumulated over 397 billion SHIB tokens. Coinbase's hot wallet sees an inflow of 725.79 billion SHIB worth over $10 million. Despite fluctuating market conditions, a single wallet recently accumulated 397.845 billion SHIB tokens. The value of the wallet holdings is $5.21 million, demonstrating continued interest in Shib a Inu despite market uncertainties. On-chain records show that the wallet was experiencing a significant increase in SHIB tokens due to fluctuating prices . Despite this, the owner has continuously acquired SHIB tokens without making any transactions.
Whales increase their SHIB holdings despite losses The ups and downs in this wallet's earnings highlight the unpredictability of Shib a Inu. Initially, things remained relatively stable, with only minor shifts in cumulative gains and losses, until a dip on August 12 caused a decline, which was somewhat offset by a rebound the next day. On August 15 and 16, further fluctuations occurred, with the wallet experiencing further losses in value; however, these declines were not as severe as those on August 12.
Notably, Shib a-Inu whales and sharks have recently increased their holdings, accumulating 4.35 trillion SHIB between March and mid-May. On May 2, an anonymous wallet withdrew 1.75 trillion SHIB tokens from Robinhood, continuing its accumulation streak amid a price crash.
As of August 12, 1.36 million addresses held Shib a-Inu tokens, with the price at approximately $0.000014. Interest from small retail investors has increased significantly, with the number of addresses holding 0 to 1 million SHIB increasing by approximately 1.58% over the past month.
Recent on-chain data shows a sharp decline in the volume of large transactions, suggesting that whales, typically market movers, are withdrawing their SHIB. The seven-day high of 46 transactions on August 9 was surpassed by just 39 large transactions the day before.
Shib a Inu sees heavy bleeding and loses 18.75% in two weeks On August 1, 2024, the price of Shib a Inu was $0.000016, reflecting a correction phase under severe pressure. Buyers struggled to regain control, and SHIB failed to sustain its breakout rally. After starting the year below $0.000010, the price has fallen 18.75% over the past two weeks.
If the SHIB price rises above $0.00003682 and continues to do so, it could reach the target of $0.00006697 in 2024. However, if the price reverses, it could undoubtedly fall to $0.000010. Overall, the outlook for Shib a Inu is positive, although there is a risk of downside.
Himanshu Maradiya, founder and chairman of the CIFDAQ Blockchain Ecosystem, explained that predicting the future price of Shib a Inu (SHIB) is challenging due to its highly speculative nature and the volatility inherent in the cryptocurrency market.
www.cifdaq.com
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XRP Price Prediction: Will Ripple Make Waves In 2025?
Himanshu Maradiya, founder and chairman of CIFDAQ, believes that XRP’s long-term price outlook for 2025 presents a range of possibilities, heavily influenced by adoption, regulatory dynamics, and market sentiment. www.cifdaq.com.
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By Himanshu Maradiya Blockchain technology is no longer a futuristic concept; it is a transformative force actively reshaping industries worldwide. At its core, blockchain is a decentralized, distributed ledger system that securely records transactions. While it initially gained prominence through cryptocurrencies like Bitcoin, its applications extend far beyond digital currencies, ensuring transparency, security, and integrity in record-keeping. In the Indian context, blockchain presents immense opportunities for centralized systems like banks, corporations, and government bodies. By integrating blockchain, these entities can streamline processes, minimize intermediaries, and significantly reduce transaction costs. Indian banks are actively integrating blockchain technology, propelled by initiatives like IBDIC (formerly IBBIC) and RBIH. These efforts aim to harness blockchain’s transformative potential in enhancing India’s banking infrastructure and catalyzing fintech advancements.
Read more at: https://cxotoday.com/story/blockchain-technology-reducing-transaction-costs-and-increasing-efficiency-in-centralized-systems/ www.cifdaq.com
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RLUSD Launch Price Prediction: Here’s What Industry Leaders Are Saying
Ripple is set to launch its USD-backed stablecoin, RLUSD, on December 17, 2024. The stablecoin will initially be available on platforms like Uphold, MoonPay, CoinMENA, Bitso, and Archax, with plans to expand to more exchanges in the future. RLUSD is backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents, offering transparency through monthly third-party audits of its reserves.
www.cifdaq.com
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Shib , an Inu whale, accumulates over 397.8 SHIB in the face of market volatility
Shib , an Inu whale, accumulates over 397.8 SHIB in the face of market volatility
In this article: Shib a Inu (SHIB) remains in the spotlight despite the overall downward trend. Current data shows that a single wallet has accumulated over 397 billion SHIB tokens. Coinbase's hot wallet sees an inflow of 725.79 billion SHIB worth over $10 million. Despite fluctuating market conditions, a single wallet recently accumulated 397.845 billion SHIB tokens. The value of the wallet holdings is $5.21 million, demonstrating continued interest in Shib a Inu despite market uncertainties. On-chain records show that the wallet was experiencing a significant increase in SHIB tokens due to fluctuating prices . Despite this, the owner has continuously acquired SHIB tokens without making any transactions.
Whales increase their SHIB holdings despite losses The ups and downs in this wallet's earnings highlight the unpredictability of Shib a Inu. Initially, things remained relatively stable, with only minor shifts in cumulative gains and losses, until a dip on August 12 caused a decline, which was somewhat offset by a rebound the next day. On August 15 and 16, further fluctuations occurred, with the wallet experiencing further losses in value; however, these declines were not as severe as those on August 12.
Notably, Shib a-Inu whales and sharks have recently increased their holdings, accumulating 4.35 trillion SHIB between March and mid-May. On May 2, an anonymous wallet withdrew 1.75 trillion SHIB tokens from Robinhood, continuing its accumulation streak amid a price crash.
As of August 12, 1.36 million addresses held Shib a-Inu tokens, with the price at approximately $0.000014. Interest from small retail investors has increased significantly, with the number of addresses holding 0 to 1 million SHIB increasing by approximately 1.58% over the past month.
Recent on-chain data shows a sharp decline in the volume of large transactions, suggesting that whales, typically market movers, are withdrawing their SHIB. The seven-day high of 46 transactions on August 9 was surpassed by just 39 large transactions the day before.
Shib a Inu sees heavy bleeding and loses 18.75% in two weeks On August 1, 2024, the price of Shib a Inu was $0.000016, reflecting a correction phase under severe pressure. Buyers struggled to regain control, and SHIB failed to sustain its breakout rally. After starting the year below $0.000010, the price has fallen 18.75% over the past two weeks.
If the SHIB price rises above $0.00003682 and continues to do so, it could reach the target of $0.00006697 in 2024. However, if the price reverses, it could undoubtedly fall to $0.000010. Overall, the outlook for Shib a Inu is positive, although there is a risk of downside.
Himanshu Maradiya, founder and chairman of the CIFDAQ Blockchain Ecosystem, explained that predicting the future price of Shib a Inu (SHIB) is challenging due to its highly speculative nature and the volatility inherent in the cryptocurrency market.
www.cifdaq.com
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Shiba Inu 2024: Mixed Projections for 2024 and Growth Potential
Himanshu Maradiya, chairman of the CIFDAQ Blockchain Ecosystem, has expressed optimism regarding the future of Shiba Inu (SHIB), predicting that the cryptocurrency could reach a value of 0.0001 by 2024. This prediction would represent a staggering 696% increase compared to its current price of 0.00001368.
Maradiya highlights that Shiba Inu could offer even greater returns next year. According to his estimates, SHIB enthusiasts could see a peak value of 0.0003, achievable by the end of this year or by 2025 at the latest. This optimism is based on a potential market recovery and the growing interest in this meme cryptocurrency. In recent days, Shiba Inu has shown somewhat modest performance as it undergoes a recovery phase following a recent decline. Despite this, the price of SHIB has risen 2.49% in the last 24 hours. Since its low of 0.00001087 last Monday, SHIB has rallied nearly 30%, driven by a broader recovery in the cryptocurrency market that also affected Bitcoin and Ethereum.
Technical Signals Point to Upside Potential Shiba Inu has begun to approach its moving averages, indicating that bulls are attempting to regain ground. According to TradingView data, if the SHIB/USDT pair manages to break out and close above these moving averages, it could open up the possibility of a rally toward the 0.000020 level. Such a move would signal that the market has rejected the lower levels, signaling a potential bullish reversal.However, if SHIB fails to maintain this momentum and turns sharply downward, this could indicate that sentiment remains negative and that traders are taking advantage of rallies to sell. In this scenario, bears could attempt to push the price back to 0.000010.
Pessimistic Outlook for Shiba Inu Despite these bullish signs, not all analysts share this optimism. Interviewed by Forbes, Utkarsh Tiwari, an executive at the KoinBX exchange, offered a more cautious view of Shiba Inu’s performance for the remainder of 2024. Tiwari suggested that while widespread bullish sentiment could push SHIB to $0.000066 by the end of the year, bearish pressure could push the cryptocurrency back through the five-zero threshold.
For its part, the Telegaon prediction platform agrees with this moderate sentiment. Its analysts believe that the maximum SHIB could reach in 2024 would be 0.0000601. In March of this year, Shiba Inu came close to this value, reaching 0.000045, but its price has since fallen by 32%. On a similar note, Changelly Exchange analysts do not expect Shiba Inu to surpass 0.0000187 this year, pointing to limitations in its short-term growth.
The outlook for Shiba Inu in 2024 is mixed, with some optimistic predictions suggesting significant growth and others predicting more limited performance. The volatility of the cryptocurrency market and the varied opinions of experts underscore the importance of investors carefully evaluating risks and opportunities before making decisions.
www.cifdaq.com
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Blockchain Technology: Reducing Transaction Costs and Increasing Efficiency
By Himanshu Maradiya: Blockchain technology is no longer a futuristic concept; it is a transformative force actively reshaping industries worldwide. At its core, blockchain is a decentralized, distributed ledger system that securely records transactions. www.cifdaq.com.
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Cifdaq
Shiba Inu coin has indicated a three-year long cup and handle pattern which is a positive pattern on the price chart.
This pattern seen on the weekly candle of SHIB indicates the possibility of the upward movement to continue.
Market analyst CryptoELITES recently pointed out this formation and what it could mean for Shiba Inu price.
SHIB has a descending trendline acting as a resistance level from October 2021 as depicted by the chart.
According to the analyst, a break of this resistance may open the way to targets of $0.000085171, $0.000183312, and as high as $0.0004729.
This forecast puts a possible rise of 1,700% from the current price of $0.00002802 for SHIB.
www.cifdaq.com
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