Welcome to Doggy Bytes, your ultimate weekly bulletin for all things Shiba Inu! Designed for the Shib Army and dedicated supporters, we curate the latest and most exciting updates that are worth your attention. Stay informed and engaged with your favorite Web3 community as we deliver the news you can’t afford to miss!
Let’s kick it off with a banger about ShibaSwap! According to the latest data from CryptoDiffer, ShibaSwap’s trading volume skyrocketed by an incredible 228% from late February to March 25, 2024. This has landed ShibaSwap in the fifth spot on CryptoDiffer’s ranking of “Top DEXs by trading volume growth in the last 30 days.” For more details, you can read our report on The Shib Daily.
The underdog story of SHIB continues to unfold with its recent listing on BingX Futures! This development enhances trading options for investors, allowing them to leverage their positions and explore new profit possibilities. Shib Army, don’t miss out on this exciting moment!
And did you know that SHIB is currently testing the lower Bollinger Band? This crucial support level might just be the springboard for a significant price surge if it holds strong. So stay on the lookout — you might need to get ready for some action.
Don’t overlook BONE as it makes its move past the upper Bollinger Band, signaling an exciting wave of buying pressure! This breakout marks a significant shift from its earlier consolidation phase, setting the stage for potential gains. Want to explore the possibilities that could emerge from this recent activity? Check out this article for deeper insights.
Meanwhile, LEASH is catching attention with notable price hikes! The Shib Daily recently reported on its role as a premium token within the Shib ecosystem and its limited supply as a driving force behind the token’s overall value. So if you’re on the hunt for golden opportunities in Shib, make sure LEASH is on your radar!
Have you secured your spot at the 1001 Crypto Nights to be co-hosted by Shib with LBank at TOKEN2049 in Dubai on April 30? Don’t forget to bring your fabulous Arabian wardrobe as you join the world’s most elite in Web2 and Web3 in what will be an unforgettable beach music festival this year.
Now let’s talk a little bit about this update on Shib burns that recently caught some attention: an anonymous user has torched a staggering 1 billion SHIB tokens. This massive burn has resulted in an incredible surge in the burn rate — up by 8,470%. A big shoutout to you, mysterious benefactor!
The recent activity on Shibarium highlights its continuous expansion, illustrated by the data shown above.
This Wednesday, the total completed transactions have climbed from last week’s 956.341 million to 971.336 million. The number of total addresses created has seen an even more impressive uptick, climbing from 173.546 million to 188.267 million, marking a substantial growth of about 8.46%. Meanwhile, the total contracts executed have risen to 27.568 thousand, and BONE transfers have increased to 2.084 million. Lastly, total accounts have expanded from 241.642 thousand to 244.82 thousand, representing a 1.36% increase.
These figures collectively underscore the strong upward trajectory of Shibarium, signaling a vibrant and growing ecosystem that continues to attract users and engagement.
The latest figures for SHIB reveal a positive trajectory, with the token’s price reaching $0.00001349 at 1:43 p.m ET on Monday, an increase of 4.61% from the day prior.
More striking is the substantial growth in SHIB’s 24-hour trading volume, which surged by 42.92% to $173.41 million on the same day. This combination of price growth and increased trading activity signals a heightened interest and confidence in SHIB, reinforcing its integral role in the Shib ecosystem.
The increase in trading volume reflects active market participation and enhances liquidity, suggesting that SHIB is becoming increasingly entrenched in the broader cryptocurrency landscape.
On March 24 at 1:45 p.m. ET, the Shiba Inu Treat (TREAT) price reached $0.005379, reflecting an increase of 1.49% from the day before. This growth demonstrates the token’s resilience amid market fluctuations and emerging role as a significant asset within the Shib community.
The 24-hour trading volume of $1.84 million on the same day indicates a healthy level of trading activity, suggesting that TREAT is gaining traction and could be pivotal in facilitating transactions and enhancing user engagement.
Bone ShibaSwap (BONE) has also demonstrated resilience in its market performance, with its price climbing to $0.3746 on Monday—a 1.40% increase from the previous day. This modest rise is complemented by a 24-hour trading volume of $6.83 million, indicating strong market interest and activity around the token at the time.
The price uptick suggests increasing confidence in the token, while the sustained trading volume indicates that BONE is actively being used for transactions. These figures highlight BONE’s essential function in facilitating liquidity and promoting user engagement within the Shib ecosystem.
Doge Killer (LEASH) traded at $172.18 at 1:47 p.m. ET on Monday, reflecting a 2.24% increase from Sunday. The trading volume recorded on the same day reached $1.74 million, marking an impressive rise of 8.11%.
These increases suggest that LEASH is gaining traction within the Shib ecosystem, potentially driven by growing investor interest and confidence in its utility.
As LEASH continues to gain attention, its importance in providing liquidity and facilitating transactions within the SHIB framework is becoming more apparent, thus contributing to the overall vitality and sustainability of the project.
This week, the SHIB community has seen a significant increase in token burns, with an impressive total of 765,376,965 SHIB incinerated as of Tuesday, marking a 7.33% rise compared to last week.
These recorded numbers were facilitated through ShibTorch, the dedicated community burn portal of the Shib Army, which has become a vital tool supporting the reduction of the overall supply of SHIB and enhancing its value.
BONE has soared to the top spot among the ‘5 fastest growing Layer 2 tokens in the past 7 days,’ as reported by @Degenc_AI! Let’s hear it for the Shib Army—give a big round of applause!
Did you see SHIB in this ‘Outstanding #Memecoins in the last 7 days’ chart by Crypto Insights? What an amazing testament to the indomitable spirit of the meme that turned into a movement!
Coinpedia Markets knows the real deal, recognizing BONE in this week’s ‘Top 10 #Altcoins Watchlist.’ We’re on cloud nine seeing all the love BONE has been getting!
BONE recently claimed the crown in Crypto Insights’ Daily Market Overview, soaring to an impressive 35.52%! We’re so happy to see our words from The Shib Daily ring true — BONE is indeed on fire.
