Precio de INUINU

Shiba Inu (SHIB) has just caught the attention of analysts, who are predicting a possible breakout based on a technical formation. According to market analyst Javon Marks, SHIB looks like it has broken out of a Falling Wedge pattern, which could set the stage for a price increase. If this breakout holds true, SHIB might skyrocket over 422%, possibly reaching a new all-time high of $0.00008841. However, certain price resistance levels must be cleared before any upward movement can happen. The current technical analysis of Shiba Inu shows the formation of a Falling Wedge pattern. This structure is seen in a series of lower highs and higher lows, signaling a potential reversal after the price breaks above the upper trendline. The wedge formation has been forming since August 2021 and is nearing completion. If SHIB breaks out from this pattern, the price could trend higher in the coming months, with many investors viewing this as a high-risk, high-reward opportunity. Related: Shiba Inu Hints at Price Reversal After a 284% Spike in SHIB Burns The price must clear critical resistance levels for Shiba Inu to start a confirmed uptrend. Based on data from IntoTheBlock, about 757 trillion SHIB tokens were purchased above $0.000016, with 84% of 637 trillion tokens bought between $0.000016 and $0.000024. These investors are currently “out of the money,” so breaking through the $0.000018 to $0.000022 range would bring most of them back into profitability. At the time of writing, SHIB’s price was $0.00001531, a decrease of 3.92% over the past 24 hours. SHIB had surged to $0.00001593 earlier in the day before the decline. This fluctuation shows the volatility inherent in SHIB’s price action. Despite the recent downturn, the market capitalization remains at $9.02 billion, and the 24-hour trading volume has jumped by 50.70%, reaching $257.67 million. However, the circulating supply of SHIB stands at 589.25 trillion tokens, which may increase the risk of inflationary pressure. The MACD and RSI further suggest the downward pressure on SHIB’s price. The MACD is showing a bearish signal, with the MACD line below the signal line and the histogram displaying red bars, indicating stronger selling pressure. Related: Shiba Inu Battles Resistance Levels as Whales Bet Big on Recovery In the meantime, the RSI stands at 37.67, suggesting that SHIB is not yet in an oversold condition but is approaching a critical juncture. If the RSI remains above 30 and holds steady, a potential rebound could occur, possibly leading to a more favorable market environment for SHIB. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

As the meme coin craze continues, the market capitalization increased from $20 billion in January 2024 to $120 billion by the end of the same year. It is no surprise that Dubai’s Virtual Assets Regulatory Authority (VARA) has issued an alert informing consumers and investors of the risks associated with advertisements promoting subscriptions to memecoins. The alert emphasized that many meme coins lack intrinsic value and derive their pricing from social media trends, hype, or misleading promotional strategies. Memecoins issued out of Dubai need to adhere to VARA regulations Per VARA, “Investors should exercise caution when presented with claims of unrealistic returns, as these often indicate fraudulent schemes.” VARA also alerts investors and consumers to the fact that there is a risk of significant financial loss within short timeframes due to price collapses, liquidity shortages, or scams. The regulator also clarified that any virtual asset issued from Dubai including any promotions, advertisements, or solicitation needs to adhere to regulations and rulebooks set by VARA. VARA warns entities engaging in unauthorized virtual asset activities of possible enforcement action. “Both consumers and investors should be aware that access to memecoin platforms may be restricted without prior notice. Thus, everyone must take necessary measures to safeguard personal financial security.” The announcement from VARA comes days after the UAE Ministry of Energy (MOEI) partnered with Shiba Inu to develop Web3 solutions in energy, infrastructure, and more. The UAE Ministry of Energy will leverage Shiba Inu’s broad range of Web3 technologies to support public service efficiency, green infrastructure, and citizen-focused governance models. Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? - Find Out Here

On February 5, Thai and Chinese authorities conducted a coordinated raid in Thailand, resulting in the arrest of two Chinese nationals. The operation led to the confiscation of $2.5 million in USDT stablecoins, equivalent to 84 million baht, as well as additional assets valued at over $100,000. The suspects, identified as Ye Wanyou, 29, and Li Weijia, 30, initially attempted to evade capture but were ultimately detained at their luxury residence. Authorities from the Huamark Police Station and the Police Cyber Taskforce (PCT) carried out the operation, seizing not only the digital assets but also approximately $114,285 worth of valuables and $11,430 in cash. Prior to the arrests, Thai Prime Minister Paetongtarn Shinawatra reportedly instructed top police officials, including national police chief Kitt-rath Phanphetch, to coordinate efforts with their Chinese counterparts. Two days after their capture, investigators uncovered evidence connecting the suspects to a human trafficking network operating near the Mae Sot district in Tak province along the Thai-Myanmar border. Further investigations revealed that the pair had extended their illicit activities to Phnom Penh, Cambodia, where they were involved in marketing fraudulent products in addition to their operations in Thailand. According to reports from the Bangkok Post, Ye and Li were suspected to be senior members of a call center fraud ring running an “insult to injury” scam. This elaborate scheme involved the creation of fake Facebook profiles impersonating the Royal Thai Police . The scammers used these accounts to deceive victims into believing their money had been stolen by fraudsters and redirected to gambling sites. Under the pretense of helping them recover their funds, the criminals would then exploit and steal from the victims further. Following their arrest, both Ye and Li were charged with illegally facilitating bank accounts and selling phone numbers, though they have denied any wrongdoing. The investigation into their activities continues as authorities work to uncover additional details about their criminal network. Meme Index is a decentralized investment platform designed to provide structured exposure to the rapidly evolving meme coin market. By offering a tiered index system, it allows investors to diversify their portfolios while managing risk levels effectively. The platform’s four indexes—Titan, Moonshot, MidCap, and Frenzy—cater to varying market capitalizations, from established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) to emerging projects with high growth potential. This structured approach enables investors to strategically engage with the volatile yet lucrative meme coin space. At the core of Meme Index is its native token , $MEMEX, which serves both as a utility and governance token. Holders of $MEMEX can stake their tokens to earn passive income through competitive annual percentage yields (APY), while also participating in on-chain governance. This decentralized governance model ensures that key decisions regarding platform upgrades, index compositions, and future developments are driven by the community. Additionally, smart contracts automate transactions and index rebalancing, enhancing security and transparency. Beyond investment opportunities, Meme Index incorporates a revenue-generating model through the sale of naming rights for virtual spaces within its ecosystem. The project’s tokenomics are structured for long-term sustainability, with allocations for presale, staking rewards, marketing, governance, and community incentives. Following a phased roadmap, Meme Index is set to launch its indexes, secure exchange listings, and expand its ecosystem through community-driven initiatives. By combining decentralized finance (DeFi) principles with structured investment strategies, Meme Index presents an innovative and strategic way for investors to navigate the meme coin market while mitigating risks associated with individual tokens.

Shiba Inu TD Sequential has just flipped the buy signal for the SHIB price action. SHIB is trading below its 20-day EMA and has crashed a massive 5.15% in 24 hours. SHIB whale transactions soared to the weekly high of 115 transactions. Shiba Inu (SHIB) is starting to hint at a potential rebound after a long downtrend. Good news is, key technical indicators and whale activity suggest the mood is shifting in the market as the altcoin trades at $0.00001556 right now, having dipped 5.15% in the last day, CoinMarketCap data confirms. Buy Signal Flashing for SHIB? Analyst Weighs In Crypto analyst Ali Martinez highlighted a bullish signal on SHIB’s weekly chart, sharing a weekly chart in a post on X (formerly Twitter). The TD Sequential indicator has flashed a buy signal, which historically means a reversal or at least a short-term price recovery could be coming. SHIB has been heading south for the past few weeks, and this indicator suggests that selling pressure might be easing, which could clear the way for a potential recovery. Related: Dogecoin (DOGE) Price: Analyst Eyes $4 on Bullish Chart Whale Wallets Stirring Up SHIB Market On the o… The post SHIB Eyes Rebound: Technical Indicators and Whales Signal Buy appeared first on Coin Edition.

Concerns have emerged over Shiba Inu’s (SHIB) token distribution after analysts revealed that several wallets hold a significant portion of its supply. On Friday, crypto analytics firm Santiment reported that the top 10 SHIB wallets collectively own 61.3% of the total supply. By comparison, Ethereum’s top 10 wallets hold 46.1% of its supply, while Chainlink and Toncoin have even lower concentrations at 33.1% and 32.8%, respectively. Notably, as per the firm, such a high concentration for SHIB raises fears of price manipulation and volatility. “When the top 10 largest wallets hold a big portion of a cryptocurrency’s total supply, like Shiba Inu at 61%, it means a small number of holders have significant control over the market. If these wallets decide to sell, it can cause sharp price drops, creating greater risks for smaller investors.” The firm tweeted. On the other hand, cryptocurrencies with more evenly distributed ownership are considered more stable, as they are less susceptible to market manipulation by a few large players. However, a closer look at the nature of these wallets reveals that the situation may not be as concerning as initially feared. While the numbers suggest that a small number of entities control SHIB’s supply, the firm noted that many of these top wallets do not belong to individual investors or whales but are controlled by exchanges and the SHIB burn wallet. Notably, the official burn wallet is the largest SHIB wallet, which holds an astounding 41% of the total supply. These tokens have been permanently removed from circulation, meaning they cannot be sold or reintroduced to the market. This significantly reduces concerns about potential sell-offs from this particular address. The second-largest wallet, containing 44.72 trillion SHIB, belongs to the South Korean exchange Upbit. Similarly, Binance holds 44.19 trillion SHIB as the third-largest wallet, while Robinhood controls the fourth-largest with 39.27 trillion SHIB. Other major exchanges like Crypto.com, OKX, and BitGo also hold substantial amounts. Since these exchanges hold SHIB on behalf of millions of retail investors rather than for personal investment, the likelihood of coordinated price manipulation is much lower than initially perceived. It’s also important to note that such entities, particularly Robinhood, have continued accumulating SHIB, signaling a growing interest in the meme coin. According to Santiment, such purchases indicate confidence in the meme coins future. “If these large holders continue to hold or accumulate, it generally signals confidence in the project and can actually reward traders who collectively hold less power and rely more heavily on the behavior of a few large key stakeholders.” Santiment wrote. SHIB traded at $0.00001569 at press time, reflecting a 1.10% surge in the past 24 hours.