{"id":9918,"date":"2024-05-04T10:41:13","date_gmt":"2024-05-04T10:41:13","guid":{"rendered":"https:\/\/newsbuzz24x7.com\/here-are-5-factors-behind-the-massive-shiba-inu-bullish-frenzy-today\/"},"modified":"2024-05-04T10:41:13","modified_gmt":"2024-05-04T10:41:13","slug":"here-are-5-factors-behind-the-massive-shiba-inu-bullish-frenzy-today","status":"publish","type":"post","link":"https:\/\/newsbuzz24x7.com\/here-are-5-factors-behind-the-massive-shiba-inu-bullish-frenzy-today\/","title":{"rendered":"Here are 5 Factors Behind the Massive Shiba Inu Bullish Frenzy Today"},"content":{"rendered":"<p><\/p>\n<div>\n<p><b>Shiba Inu has responded to crucial developments this week, helping the asset reclaim $0.00002501.<\/b><\/p>\n<h2>Shiba Inu Upswing Today<\/h2>\n<p><span style=\"font-weight: 400;\">In the last 24 hours, Shiba Inu\u2019s market value has reached $0.00002501, the highest today at the time of reporting. The intraday peak marks a significant 9.4% uptick from the low of $0.00002266, the asset registered in the previous day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result of this bullish trajectory today, Shiba Inu has reclaimed all losses incurred this week, with its seven-day performance now standing positive. <\/span><span style=\"font-weight: 400;\">Recall that on Wednesday, Shiba Inu nearly relinquished the $0.00002 threshold when it collapsed significantly following the reinforced pullback from Bitcoin bears that day. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, trading at $0.00002501, Shiba Inu has recorded an impressive 20.76% gain from the Wednesday low of $0.00002071. <\/span><span style=\"font-weight: 400;\">Notably, this Shiba Inu upsurge today follows pivotal developments this week.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">5 Factors that Likely Influenced Shiba Inu Gains<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">After the market-wide dip of May 1 dampened investors\u2019 enthusiasm, Bitcoin whales capitalized on the development. Yesterday, The Crypto Basic uncovered that whales <\/span><span style=\"font-weight: 400;\">injected $2,802,500,000 into the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Specifically, they bought the BTC dip at an average price of $59K, amassing 47,500 tokens in one day. Following this accumulation frenzy, Bitcoin\u2019s price spiked to $63,566, relieving the subdued market sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Accordingly, altcoins, particularly meme-themed tokens like Shiba Inu, are leading the market gains amid Bitcoin\u2019s recovery. These meme coins are witnessing double-digit percentage gains with a mere 5% uptick in BTC\u2019s value.<\/span><\/p>\n<p><span class=\"td-adspot-title\">&#8211; Advertisement &#8211;<\/span><\/p>\n<figure id=\"attachment_79800\" aria-describedby=\"caption-attachment-79800\" style=\"width: 600px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-79800\" title=\"meme coin - The Crypto Basic\" alt=\"meme coin\" width=\"600\" height=\"193\" srcset=\"https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-600x193.png 600w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-768x247.png 768w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-150x48.png 150w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-300x97.png 300w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-696x224.png 696w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin.png 920w\" data-lazy-sizes=\"(max-width: 600px) 100vw, 600px\" src=\"https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-600x193.png\"\/><noscript><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-79800\" title=\"meme coin - The Crypto Basic\" src=\"https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-600x193.png\" alt=\"meme coin\" width=\"600\" height=\"193\" srcset=\"https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-600x193.png 600w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-768x247.png 768w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-150x48.png 150w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-300x97.png 300w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin-696x224.png 696w, https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/meme-coin.png 920w\" sizes=\"(max-width: 600px) 100vw, 600px\"\/><\/noscript><figcaption id=\"caption-attachment-79800\" class=\"wp-caption-text\">Meme Tokens in Green Today | CoinMarketCap<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Meanwhile, a crucial announcement from the Shiba Inu development crew this week also influenced SHIB\u2019s gains. In particular, Shiba Inu\u2019s blockchain Shibarium<\/span><span style=\"font-weight: 400;\">\u00a0completed the earlier teased hard fork<\/span><span style=\"font-weight: 400;\">. This pivotal update ushers in \u201cblazing-fast transactions\u201d for the community and predictable gas fees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, Shiba Inu\u2019s global price also got its boost following Binance Japan\u2019s listing of the SHIB\/JPY pair, allowing Japanese crypto enthusiasts to trade SHIB with their local currency. The significance of this listing is evident in the fact that Shiba Inu\u2019s <\/span><span style=\"font-weight: 400;\">soared by over 300% to $0.00011<\/span><span style=\"font-weight: 400;\"> on the exchange shortly after the listing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other exchanges like Kraken <\/span><span style=\"font-weight: 400;\">also introduced new margin<\/span><span style=\"font-weight: 400;\"> trading pairs for SHIB on their platform this week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, this week, <\/span><span style=\"font-weight: 400;\">Shiba Inu purchases<\/span><span style=\"font-weight: 400;\"> opened to millions of U.S. residents using PayPal. As The Crypto Basic reported, Shiba Inu buying via PayPal became possible this week after crypto payment processor MoonPay partnered with PayPal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Essentially, these significant developments, surfacing after Shiba Inu\u2019s recent decline, are believed to have bolstered the asset\u2019s continuing uptrend.<\/span><\/p>\n<div class=\"td-a-ad id_bottom_ad \"><span class=\"td-adspot-title\"\/><\/p>\n<p style=\"text-align: left;\"><strong>Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author&#8217;s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n<p style=\"text-align: center;\">-Advertisement-<\/p>\n<\/div>\n<\/div>\n<p>#Factors #Massive #Shiba #Inu #Bullish #Frenzy #Today<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu has responded to crucial developments this week, helping the asset reclaim $0.00002501. Shiba Inu Upswing Today In the last 24 hours, Shiba Inu\u2019s market value has reached $0.00002501, the highest today at the time of reporting. The intraday peak marks a significant 9.4% uptick from the low of $0.00002266, the asset registered in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":9919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts\/9918"}],"collection":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/comments?post=9918"}],"version-history":[{"count":0,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts\/9918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/media\/9919"}],"wp:attachment":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/media?parent=9918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/categories?post=9918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/tags?post=9918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}