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Why Shiba Inu is Going Up? All The Big Updates Of Jan 2023 !!

All the big news about Shiba Inu till now in 2023

Today, we will discuss Why Shiba Inu is Going Up ? and will get the best news of this January month 2023. I think you should know what’s happening in Shiba Inu and all the whales in the cryptocurrency market. This is the monthly report of Jan 2023.

As per our analysis and research, We deliver the best news to our investors / Viewers. In this article, you will find all the recent activity in Crypto Market regarding the Shiba coin’s storability and I would like to make sure you will definitely get lots of information from here. Let’s see the top 10 highlights of this month and see Why Shiba Inu is Going Up?

01. Shiba Inu(SHIB) lead developer’s message suggests shibarium launch is imminent

Shibarium is similar to a “pine tree,” which requires “water, sunlight, and correct soil,” according to Kusama in a previous tweet. Ads Shibaruim driving up the price, projected to increase the burn rate as well Since the dev team announced that the beta for Layer 2 protocol Shibarium would soon be released, Shiba Inu has been expanding at an incredible rate.

19 January 2023 Using pseudonyms in crypto to add some mystique On popular cryptocurrency payment processor Bybit, which came after Bitcoin, Ethereum, and Bitcoin Cash, Satoshi seems to have launched not only the crypto fashion but also the trend of innovators adopting pseudonyms.

02. After increasing by 27% in one week, Shiba Inu’s price eventually drops to zero.

Shiba Inu reached the milestone after a sharp increase in cryptocurrency prices. In addition to Shiba Inu, other cryptocurrencies, such as Bitcoin, have recently experienced a significant surge. According to reports, Bitcoin rose above $21,000 after an unidentified buyer in the futures market bought $4 billion worth of the cryptocurrency.

Shiba Inu has increased by 27.3% during the last week, which has allowed the Shib to drop a zero. Shiba Inu is currently trading at $0.00001076, up 13.4% from the previous day.

Recall that Shiba Inu increased its price by zero after FTX failed. The failure of the former top cryptocurrency exchange caused SHIB, which was trading around $0.00001080 on November 8, to drop to a low of $0.00000850 the following day.

03. Shiba Inu payments are now accepted by Wix Merchants.

According to a story from The Paypers published yesterday, CoinGate has teamed with major SaaS provider Wix to let businesses accept SHIB payments.

Notably, Wix store owners in Lithuania, Spain, Germany, the Netherlands, and these other countries will be able to connect CoinGate’s payment option to their online shops. Wix shops can give their consumers the option of paying for goods with Shiba Inu after finishing the setup.

04. Wallet holding 293B Shiba Inu Burns 23M SHIB

Shiba Inu are being burned every day by mysterious wallets. In the previous day, more than 26.04 million Shiba Inu (SHIB) were burned. Shiba Inu worth $3.34 million was torched along with 23.14 million SHIB by a mysterious Shiba Inu whale. According to a recent study from Shibburn, a SHIB burn tracking website, the Community-led SHIB.Shiba Inu update 2023


05. Shib burn rate increases by 13,198% due to the removal of hundreds of millions of Shiba Inus

Shiba Inu meme tokens have been burning at an astronomical rate in the community during the last 24 hours, according to the well-known burn tracker Shibburn, which reported this on its website. It took place as many hundred million SHIB were sent to wallets that could not be spent.

A few significant milestones regarding holders and cryptocurrency trading have been attained by the well-known meme coin in the interim.

SHIB burn rate soars by more than 13,000%.

The aforementioned cryptocurrency tracking tool reveals that the SHIB army was successful in sending 302,506,518 meme coins over the course of the previous 24 hours. The burn rate increased by an amazing 13,198% as a result.

06. As interest in the Shiba Inu Ecosystem tokens grows, SHIB trading volume increased by 110%.

As a result, traders joining a volatile market in an effort to profit may be the cause of the increase in SHIB volume.

Five of the last six trading days for the dog-themed cryptocurrency have been lucrative, with intraday highs of $0.0000088 being reached on December 5 as a result of the ascent. SHIB has decreased somewhat but is still up 3.15% at $0.0000084.

Shiba Inu token is one of the tokens that Ethereum whales, specifically the 100 and 500 largest whales tracked by WhaleStats, most frequently purchase, which has helped the momentum grow.

07. Beginning in 2023, the Shiba Inu (SHIB) burn rate will burn about 500 million tokens in three days.

Shibburn reports that over 90 million Shiba Inu tokens have been destroyed by various addresses during the past 24 hours in the first week of January, a 35% increase. The number of destroyed tokens should gradually rise when the bitcoin market resumes its activity.

The largest amount of meme assets burned in the previous 24 hours was 76 million SHIB tokens, which were burned by an anonymous address. Unfortunately, Shiba Inu investors will have to burn close to one billion tokens for the burning operation to have a noticeable impact on the market.

08. Over the weekend, Shiba Inu (SHIB) and XRP whales abruptly moved more than $116,000,000 in cryptocurrency.

A similar transaction was discovered last week by Whale Alert, in which a separate wallet sent 3.37 trillion SHIB, worth $28.7 million at the time, to an additional unidentified address.

The SHIB transfers occur while the Shiba Inu network’s ecology prepares for Shibarium, a widely awaited layer-2 blockchain.

Shiba Inu’s host chain Ethereum’s slow transaction performance is being addressed via the layer-2 blockchain, which is a scaling solution. Shibarium recently decided to use the utility token Bone ShibaSwap (BONE) to pay for blockchain transaction costs as well as other uses. Users of BONE can also cast ballots for prospective projects.

09. Transfer of 4 trillion SHIB from Binance

A transfer of up to 4 trillion tokens from a Shiba Inu (SHIB) whale to an unnamed wallet has been received by Binance, the largest cryptocurrency exchange in the world by trading volume. The transferred SHIB tokens are valued at $34,736,666, according to statistics from cryptocurrency analytics company Whale Alert, and their regularity is starting to fuel a number of speculations about the trading site.

10. Shiba Inu will be displayed at the premier men’s fashion show in the world.

Over the past year, Shiba Inu has worked on numerous projects together. The John Richmond Partnership’s debut into the fashion industry was one of the most famous.

Due to the innovative fashion agreement, which was signed in February 2022, upcoming ramp walks will showcase outfits with SHIB and John Richmond themes. As a result of the collaboration, NFTs were also produced (non-fungible tokens).

SHIB is beginning 2023 with new partnerships. The Bugatti Group, a manufacturer and marketer of luggage and office supplies based in Canada, has joined up with the Shiba Inu team.

Conclusion: Why Shiba Inu is Going Up?

As per our research and all over the big updates on the behalf of this hopefully, we delivered all the quality and optimized crypto news. Every trade and investment has risk, and as we do our best so it’s requested you should always do your own research before making a choice. As you got all the required information regarding Why Shiba Inu is Going Up?

Always connect with us to get the best Shiba Inu update 2023 and we will always update you to become a better financial person.

Also Read:

Top 10 News What Happened in Cryptocurrency Jan 2023?

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