Today's Headlines 1. The net inflow of USD into the Cryptocurrency market last week was $6.283 billion, the highest weekly inflow since January 22. 2. Bloomberg: FTX sues BN, Zhao* Peng faces $1.8 billion fund recovery 3. Standard Chartered analyst: Expects Trump to overturn Biden's veto of SAB 121 4. The destruction rate of SHIB has surged to over 1800%, with over 460 million SHIB destroyed in the past 24 hours. 5. Data: The total market capitalization of Meme coin on Solana exceeds 15 billion US dollars, reaching a historical high. 6, ENS Labs will launch the L2 network Namechain, expected to go live by the end of 2025 7, a16z Crypto: New projects can explore Token releases with confidence, without excessive concern for regulation 8. Data: ETH Spot ETF saw a net inflow of $154 million last week, reaching a record high for weekly net inflows.

Shiba Inu Shibarium daily volume surges to 4.68 million, will this push the price of SHIB to $0.00008? In the past year, the Shiba Inu ecosystem has been expanding rapidly, thanks in part to its second-layer platform Shibarium. Interestingly, recent data shows that Shibarium's activity has seen an impressive rise, with a daily volume of 4.68 million transactions in the past 24 hours. At the time of writing, the trading price of SHIB was $0.00001677, and it has returned to a negative trend in the 7-day and 30-day time ranges. However, the increase in activity has closely followed this trend, and investors are watching to see if this momentum will push the token price closer to $0.00008. According to data from Shibariumscan, in the past 24 hours, the second-layer network has processed 4.68 million transactions, which has actually brought a good month to November. Speaking of November, it's only been three days since the month started, and Shibarium has already processed over 13.4 million transactions. By carefully examining the transaction data, it can be observed that network activity is gradually increasing every day. In particular, data from Shibarium scan shows that 4.21 million transactions were processed on November 1st, 4.53 million transactions were processed on November 2nd, and 4.68 million transactions were processed on November 3rd. Interestingly, this represents an increase of approximately 103,800% compared to the 6,540 transactions registered on Sunday, October 27th. With the surge in trading activity, the Shiba Inu community's interest in SHIB and related tokens (such as BONE) is growing, thanks in part to Shibarium. The increase in trading activity also increases the amount of BONE tokens collected as transaction fees, which has a positive effect on SHIB burning. This is because the accumulated BONE fees on Shibarium can be exchanged for SHIB tokens. These SHIB tokens are then burned and permanently removed from circulation, leading to a decrease in the total supply of SHIB. Since its launch, Shibarium has undoubtedly been a strong pillar of the Shiba Inu ecosystem. Therefore, the rise of Shibarium is the first step towards SHIB price returning to its historical high of about $0.00008. The trading price of SHIB is $0.00001677, which has fallen below $0.000017 in the past 24 hours. Although reaching $0.00008 would be a steep rise, the continuous rise in Shibarium usage could lay a solid foundation for future price pump. Currently, the SHIB price needs to return to $0.00008, and the first step is for SHIB longs to create a price bottom around $0.000017 or $0.0000165, thus preventing further decline. Nevertheless, November and the upcoming U.S. election are expected to be a bullish month for SHIB and the broader cryptocurrency industry. (Data Source: Scott Matherson)

Shiba Inu prices flash historic Bull Market banner, Technical analysis indicates that Shiba Inu is currently at a crucial price node, which may lead to a significant 400% increase. According to a analyst on the TradingView platform, the current price trend of Shiba Inu points to a comprehensive breakthrough in the bull flag pattern. If this interesting prediction comes true as expected, it will steadily bring the meme-inspired encryption currency back to its current all-time high. On the platform, analyst (without_worries) made an interesting point after analyzing the price trend of Shiba Inu since the beginning of this year. By examining the 5-day candlestick price chart, the analyst emphasized a major correction and pointed out that Shiba Inu has retraced about 75% from its annual high of 0.00003595 USD. This adjustment is characterized by a series of lower highs and lower lows, forming a bull flag pattern. The analyst pointed out several reasons why going long on Shiba Inu now is an advantageous opportunity. The most crucial factor is the breakout of the bull flag pattern, which typically indicates a continuation of the uptrend after a period of consolidation. In addition, the relative strength index (RSI) has also issued a bullish signal. Since April, RSI has first broken through the downtrend line, and currently shows a significant rise trend. RSI is currently at 54.7 on the 5-day chart, reflecting the inflow trend of investors. Although SHIB may still retest the Bull Market flag pattern, analysts emphasize that if SHIB experiences a second impulsive move, it may trigger a similar rebound as during the previous major breakout. During the previous rebound, SHIB surged by about 400%, reaching a peak of $0.00003595. If history repeats itself under similar conditions, the price of Shiba Inu may surpass the current peak of 2024 and reach a target between $0.00006204 and $0.000074. Over the past seven days, the price of Shiba Inu has experienced drastic fluctuations. From October 7th to October 10th, the price of SHIB showed a downward trend, falling to a low of 0.00001613 dollars. Since then, SHIB has risen by approximately 11.84% as of the time of writing, despite being rejected multiple times at 0.00001809 dollars. The current trading price of SHIB is $0.00001809. Another analyst, Javon Marks, also believes that SHIB will return to its historical high. According to Marks' analysis, based on the previous breakout of the falling wedge pattern, SHIB is now free to rise to $0.000081. (Data source: Scott Matherson)

Dogecoin revival: Active Addresses Soar to Highest Level in 8 Months An expert believes that DOGE is about to experience a massive price pump, unprecedented since December 2021, as the landscape of Crypto Assets indicates it is ready to break through. Cryptocurrency analyst Ali Martinez has evaluated the technical prospects of the Token and stated that if the current pattern continues, the price of DOGE could pump 200% in the coming weeks. Martinez observed that DOGE was able to break through years of downward trend and pointed out that this usually leads to a rise in the price of this memecoin. He pointed out that historically, the price of DOGE rose 200% after the breakthrough. He predicted that DOGE may break through the key level of $0.2236, a level not seen since December 2021. At the end of September, DOGE saw a pump, with prices surging 25%. However, DOGE failed to sustain the pump momentum and fell again to $0.11. Other analysts also hold the same prediction, stating that if the currency successfully breaks the level of $0.1120, it is very likely to easily break through the key level of $0.1315 this month. However, analysts urge traders to be cautious about the potential pump price of DOGE, and point out that there is usually a 60% retracement in previous breakthroughs before gaining momentum for a rise trend. The increase in active DOGE addresses is a major factor that analysts bet on the possibility of a significant pump in the price of this cryptocurrency. Martinez revealed that the number of active DOGE addresses has reached its highest level in nearly eight months, soaring to 133,880. The increase in active addresses indicates that people's interest in this token has recovered, and the number of new users has recently surged. This also means that more traders are helping to drive the rise of this token. For example, about 110,000 investors are flocking to Dogecoin, making the Token ahead of its Cryptocurrency competitors Shibа Inu and Pеpе. The rise in volume indicates that the Token is attracting traders seeking quick profits. Experts also believe that the Whale activity is another driving factor behind the resurgence of DOGE. Over the course of more than a week, Whale (the major holder of this meme coin) has accumulated at least 2.07 billion DOGE, the highest level since January. This purchase indicates that the trader's confidence in the Token continues to increase. In past cases, large purchases have often led to significant price adjustments, which are indicators of future market trends. An analyst pointed out that whales will not make large purchases unless they see the future price pump. (Data Source: Christian Encila)

Shiba Inu Burn Index Soars 7,418% in 1 Week - Can SHIB Price Continue to Hit New Highs? The popular meme Token Shiba Inu has seen a staggering surge in its burn rate, with an increase of up to 7,418%. Over the past week, more than 2 billion SHIB Tokens have been burned, leading to a significant decrease in circulating supply. This has sparked optimism among investors, especially considering Shiba Inu's current price at its yearly high. Shibburn is the official platform to track the SHIB token burning situation, which was disclosed on the social media platform X. As of the week ending November 30, the weekly burning rate of SHIB soared by 7,418%. This sharp rise led to the disappearance of approximately 1.937 billion SHIB tokens from circulation, marking an important milestone in the ongoing effort to reduce a large supply of tokens. After Shibburn published this post, the momentum of SHIB destruction has been increasing along with the pump in the price of Shiba Inu. At the time of writing, the total number of SHIB Tokens destroyed in the past seven days has exceeded 2 billion, reaching an astonishing 21.5 billion SHIB Tokens. Among them, 3.865 billion SHIB Tokens were destroyed in the past 24 hours alone. Token burning is a mechanism to intentionally reduce the supply of Cryptocurrency, aiming to increase scarcity and thus exert upward pressure on asset prices. For Shiba Inu, which initially had a large circulating supply, continuous and large-scale burning is crucial for its long-term valuation prospects. The total supply of Shiba Inu is 10 trillion tokens, but SHIB burning efforts have reduced the Circulating Supply by nearly half. The latest Shiba Inu destruction data highlights the community's dedication to this strategy, with over 2 billion tokens destroyed from circulation in just one week. As of writing, the total circulating supply of this meme Token is 589.26 trillion SHIB Tokens. The goal has always been to destroy most of the created SHIB Tokens. According to Shytoshi Kusama, the chief developer of Shiba Inu, this ambitious goal is achievable. However, he did point out that it is also difficult to destroy 99% of the total SHIB Tokens due to some reasons. In addition, he pointed out that burning is not the only way for SHIB to win. It is necessary to give memecoin practicality and ensure that it reaches a level where people no longer want to burn the Token through viral spread. The price of Shiba Inu is 0.00003059 US dollars, which has pumped by about 13% in the past 24 hours. It is worth noting that the intraday high of Shiba Inu reached 0.00003146 US dollars, very close to the new high of 2024. (Data Source: Scott Matherson)

$DOGE price pump30.77%, driving SHIB, WIF and other "shitcoin" general rise Gate.io News: Recently, influenced by factors such as Trump taking office and Musk being highly active before and after the election, DOGE price has risen more than 30% in the past 24 hours, with a market capitalization of 42.8 billion US dollars, ranking 6th on the Token leaderboard. This is a new high in nearly 3 years. According to CMC data, DOGE's 24-hour trading volume ranks third, and the market trading enthusiasm is extremely high, driving the rise of dog-themed MEME coins within 24 hours. SHIB price rose 20.84% in the past 24 hours, WIF price rose 21.65% in the past 24 hours, BONK price rose 18.10% in the past 24 hours; FOLKI price rose 26.91% in the past 24 hours. gate data shows that the price of $DOGE has pumped by 30.77% in the past 24 hours, with the current price at $0.2971, a market cap of $42.84B, and a 24-hour volume of $941.16M.

Despite a partial recovery, the Shiba Inu coin still experienced a big dump of 82%. Can the price of SHIB reach its ATH of $0.00008 again? Shiba Inu's burn rate is facing a new challenge as it has recorded a significant drop of 82%. This decline occurred during a period of price recovery and positive momentum for SHIB, raising questions about whether the meme token can still reach its all-time high of $0.00008 in 2021. In the past 24 hours, Shiba Inu's burn rate has dropped by 82.32%. The Shibburn Wallet tracker reported this significant drop, showing that only 81,937,558 SHIB tokens were sent to invalid blockchain wallets. The significant reduction in the destruction of this event is in stark contrast to the period when millions of Shiba Inu Tokens were destroyed every day. Not long ago, Shiba Inu made history by destroying $100,000 worth of SHIB Tokens in one transaction. SHIB destruction mechanism is a program that sends a portion of the Token to an inaccessible or 'dead' Wallet to reduce supply, increase scarcity, and potentially trigger a significant pump in Token price. These destructions are recorded by Shibburn (a dedicated destruction tracker for the Shiba Inu ecosystem) and primarily driven by the SHIB community. Although the decrease in the Shiba Inu burn rate may be a challenge, this development comes at just the right time. The SHIB price showed signs of recovery this week, rebounding from the previous low point. The Shiba Inu price surged by 16.28% in just one day, seemingly maintaining a bullish momentum. In addition, Whale volume surged, indicating that investors are accumulating SHIB Tokens. Despite a recent price rebound and increased Whale activity, the rise of Shiba Inu to $0.00008 may be affected by its recent decrease in burning rate. This decline seems significant as there have been no significant burning incidents of SHIB in the past week. The Shibburn report states that the burning rate has dropped by 88% in the past 77 days. In order to drive Shiba Inu to its historical high of 0.00008 US dollars, Crypto Assets need to be driven by a variety of bullish factors and positive market sentiment. The combination of increased market demand, higher burning rate, and strong momentum may catalyze Shiba Inu to reach its historical milestone. However, the trajectory of SHIB's continuous rise to new highs is now being questioned due to the current decrease in burning rate. In the context of low burning rates and broader market conditions, the SHIB price has been showing a significant pump trend, and recorded price pumps as the DOGE price experienced a bullish trend. Data shows that Shiba Inu has pumped 63% in the past week and 62.35% in the past month. At the time of writing, the trading price of this meme Token is 0.000028 dollars, and its value has surged again today. Although Shiba Inu is witnessing a new pump, its daily volume seems to be quite low, decreasing by about 11.23%. (Data Source: Scott Matherson)

Golden Finance reported that according to Spot On Chain monitoring, a certain SHIB early buyer exchanged 1,003 ETH (2.31 million US dollars) for 2.86 billion NEIRO in the past hour. Although the Whale earned 145 million US dollars from SHIB in 2021/22, the two out of the recent three transactions (including NEIROETH and the second SHIB transaction) resulted in a loss of 13.48 million US dollars. However, on August 30, the Whale converted the loss-making SHIB into 3.114 million FET, which still has an unrealized profit of 715,000 US dollars (+20.7%).

It is expected that by 2024-2025, Shiba Inu (SHIB) will experience an explosive pump to $0.0003? The dog-themed meme token Shiba Inu (SHIB) saw a significant rebound in price in the past 24 hours against the backdrop of a market pump. After hitting a five-month low of 0.00001274 dollars on July 5, the token pumped 8% in the past 24 hours and steadily pumped 20% over the past week. However, a forecast report released by Forbes shows that AltCoin based on Ethereum's ETH network will experience a significant pump in the remaining time of this year, and may even reach a historical high. According to reports, industry experts including CIFDAQ blockchain ecosystem founder and chairman Himanshu Maradiya have made predictions about the price of SHIB in 2024-2025, ranging from $0.0001 to $0.0003, depending on favorable market conditions and ongoing ecosystem development. This means that if it reaches the key level of 0.0001 US dollars, the price of SHIB will pump by 416%, and if it reaches the key level of 0.0003 US dollars, its price will even pump significantly by 1440%. On the other hand, Utkarsh Tiwari emphasized the difficulty of predicting the prices of Cryptocurrency, including SHIB. Nevertheless, he noticed the bullish sentiment surrounding SHIB and suggested a more conservative approach, pointing out a potential price range by the end of 2024 of $0.0000298 to $0.0000396. Tiwari also emphasized the importance of monitoring price trends, and said that if SHIB exceeds 0.00003682 US dollars and continues to rise, it may reach 0.00006697 US dollars in 2024. On the contrary, a price reversal may cause SHIB to fall to 0.000010 US dollars, indicating the risk of a fall. According to the prediction Algorithm of the encryption data platform, the price prediction of Shiba Inu in the next few years is as follows: 2024 Forecast: SHIB is expected to trade between $0.00001453 and $0.00003859, with an upper limit price representing a potential increase of 123.30%, reaching $0.00003859. Prediction for 2025: SHIB is predicted to trade between 0.00001453 USD and 0.00007515 USD. Achieving higher value targets will mean a significant rise of 332.26%, reaching 0.00007515 USD. 2030 price prediction: The price of Shiba Inu in 2030 is predicted to range from a low of $0.00002237 to a high of $0.00006428, with an upper price target indicating a potential increase of 270.72% to reach $0.00006428. Possibility of reaching $0.01: Despite the evident enthusiasm for SHIB, achieving $0.01 would require an astonishing 46,144.44% return. However, according to the Algorithm prediction, it is unlikely for SHIB to reach $0.01. According to the Algorithm, the highest expected price estimate by January 1, 2049 is $0.000852. The current trading price of HIB is $0.0001939, still recording a 6.7% loss within the monthly time frame, indicating that the meme coin has experienced a price adjustment. According to data, the coin has pumped 141% year to date. (Data source: Ronaldo Marquez)

Shiba Inu's burn rate surged by 3,674% on election day. Will SHIB reach a new high as the price of Dogecoin rises? The burn rate of Shiba Inu (SHIB) has recently risen sharply, surging 3,674% on the day of the US presidential election. Interestingly, this surge occurred against the backdrop of renewed interest in SHIB prices. The increased activity, driven by traders looking to capitalize on election dynamics, has had a significant impact on the entire industry. In addition to SHIB, the trading activity and volume of Dogecoin have also surged, and people can't help but wonder if SHIB will follow Dogecoin's price increase and set a new historical high. The Shiba Inu burn rate is a metric that measures how much SHIB is permanently sent to inactive wallets and removed from circulation. This controlled supply reduction is designed to create scarcity, which may potentially increase the price of SHIB. According to data from Shibburn.com, as American voters flock to polling stations, the destruction rate of SHIB has surged by over 3,674%, indicating a coordinated effort by the SHIB community. In particular, Shibburn emphasizes that over 53.3 million SHIB tokens have been burned in the past 24 hours alone. Interestingly, further examination of the data reveals that over 28.8 million SHIB tokens have been burned in a single transaction. SHIB 销毁量的rise与其市场价值的显有增长相一致,SHIB 在过去 24 小时内攀升了 10。 这使得 SHIB 能够迅速连续突破 0.000017 美元、0.000018 美元、0.000019 美元和 0.000020 美元。 尽管相币的价格明显上涨,但其对应的 meme 币狗狗币却上涨更多。 特别是,狗狗币在过去 24 小时内上涨了约 20%, 最近自 2024 年 April 月以来首次 again broke 0.2 USD。 From a historical perspective, the price trends of Shiba Inu Coin and Dogecoin are synchronized, especially when the interest in one currency translates into an increase in the volume of another currency. The recent surge in the burning rate of SHIB has intensified the debate about which currency may lead the future rebound, especially as interest in DOGE continues to rise. However, with the increasing trading activity of SHIB and DOGE, it is expected that these two encryption currencies will continue to rise in the remaining time of this month. Therefore, we can see that SHIB and Dogecoin both reached new highs in November 2024, and both will eventually challenge historical highs. After a recent rise, both SHIB and DOGE have experienced a slight pullback, possibly due to some holders locking in profits before the next possible rise. As of the time of writing this article, the support level for SHIB is $0.0000183, and the current trading price is around $0.0000188, while Dogecoin is stable at $0.197. (Data Source: Scott Matherson)