- Topic1/3
30k Popularity
33k Popularity
31k Popularity
50k Popularity
20k Popularity
- Pin
- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
💥 The creator ecosystem is in full bloom!
📈 Get featured, earn rewards, and grow your influence—what are you waiting for?
💰 Cash incentives ✔️
🚀 Traffic support ✔️
👑 Exclusive verification ✔️
From 0 to 1,000 in just weeks—Gate Square is becoming the epicenter of Web3 content! ⚡
You’re not just posting content, but the next "viral opportunity"!
🌟 Join the Spark Program and kickstart your breakthrough!
👉 https://www.gate.com/announcements/article/45695
Why is Shiba Inu Price Up Today? | CoinGape
The meme coins are catching the attention in the crypto market once again, as the Shiba Inu price soars nearly 6% today. After a shallow dip in the broader crypto market, bulls mark a re-entry and support the greedy sentiments of the investors with new price rallies. In this SHIB’s bullish uptrend is in the limelight, as rumors flew that these meme-themed cryptos might never make a return.
Advertisement Advertisement
Here’s Why Shiba Inu Price Soared 6% Today
After a major crypto crash, the green color dominates the broader market today, pushing the market cap to $3.86 trillion, up nearly 2%. Along with that, Bitcoin returned above the $117k mark, and the Shiba Inu has surged 6%, making a big price jump today.
Notably, this surge is due to the broader crypto market recovery, but there’s also an addition to the momentum. Recently, Shibarium has launched upgrades like gas fees sponsorship (Shib Paymaster), staking upgrades (staking 2.0), and more. Additionally, the Ethereum-linked momentum is an add-on, where its institutional demand influences the price of SHIB and other ETH-based tokens.
SHIB itself saw massive whale accumulation, with 4.68 trillion token inflows on July 23 and more. The Shibarium development also caused a 2,742% spike in Shib burn, tightening supply (6.3M tokens removed). Although the same isn’t persistent today, the impact remains.
Lastly, the investors’ demand also played a significant role, as Coinglass data reveals an 8.31% increase in OI, currently $231.16M. This indicates that the investors’ trust in this digital asset is rising.
Advertisement Advertisement
Shiba Inu Price Soars Today, But What’s Next?
Notably, SHIB has gained 6% surge, currently trading at $0.00001405 with $8.2 billion in market capitalization. However, it is still in a downtrend in a week’s timeline. Its trading volume of $241.9 million also reveals the downtrends, as it’s 27% lower than yesterday’s, showcasing limited traders’ activity.
Additionally, there’s a mixed sign from the technical patterns. Factors like RSI and Bollinger bands support the uptrend, whereas MACD and others hint at a potential downtrend. Crypto experts like Crispus also add to uncertainty, where they acknowledge the bullish pattern formation, but also advise caution in the short term.
According to Crispus Shiba Inu price prediction, the token is forming a bullish cup and handle formation. A breakout from here would push it towards $0.0000160 and $0.0000218 in the long term. However, if it fails the key support, the price could crash.
Advertisement
Frequently Asked Questions (FAQs)
Shibarium recently introduced features like Shib Paymaster, Staking 2.0, and more.
Experts advise caution in the short term due to a miscalculated signal, but the long term is bullish.
The broader crypto market is witnessing an uptrend, resulting in BTC, ETH, DOGE, and other coin prices rising.
✓ Share: