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Shiba inu's epic rally has lifted its market value to $40 billion, trumping old-school and meme stocks alike. Here are 6 household names it's beating.
https://markets.businessinsider.com/news/stocks/shiba-inu-trumps-household-names-like-amc-general-mills-and-robinhood-2021-10
Ticker: AMC
Ticker: YUM
Ticker: HOOD
Ticker: GIS
Ticker: GME
Ticker: WMG
Cryptocurrency Shiba Inu’s surge could be influenced by crypto whales
Almost 70.52 percent of SHIB's circulation is controlled by eight whale accounts, of which one whale holds 41.03 percent.
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By: Tech Desk | Pune |
Updated: October 30, 2021 5:35:26 pm
https://indianexpress.com/article/technology/tech-news-technology/cryptocurrency-shiba-inus-surge-could-be-influenced-by-decisions-made-by-crypto-whales-7599138/
Shiba inu, a meme inspired cryptocurrency and a Dogecoin spinoff, has hit an all time high. (Photo: Twitter/ Shiba Inu)
Cryptocurrency Shiba Inu (SHIB), which started off as a Dogecoin spin-off has gained massive popularity to a point where its market capitalisation surpassed that of its rival—Dogecoin (DOGE). The rise was speculated to be fuelled after tech billionaire Elon Musk, tweeted a photograph of the SHIB coin going to the Moon on October 18. However, a new data by crypto research firm Into the Block, reveals that eight whales— could be largely responsible for SHIB’s skyrocketing surge.
Crypto whales are individuals or institutions who hold large amounts of coins of a certain cryptocurrency. Interestingly, at the time of writing this article, SHIB’s market cap stands at USD $40 million, whereas DOGE is USD $37 million.
Read more |Cryptocurrency Shiba Inu’s market cap is now bigger than Adani Enterprises
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Almost 70.52 percent of SHIB’s circulation is controlled by eight whale accounts, of which, one whale holds 41.03 percent. This means all of these whales have made at least 800 percent gains on their investments, during the last week.
Read more |How venture capitalists think crypto will reshape commerce
“Excluding the burning address and exchanges, looks like there are some other big winners (whales) as well,” crypto research firm Into the Block, tweeted. Meanwhile, a data released from Coincarp, a crypto enthusiast and beginner resource directory, revealed that out of 838,305 unique addresses (holders), 20 holders command 75.95 percent of the supply. This means 36 percent of wallet addresses hold 80 percent of Shiba’s circulating supply.
“Even if the whale investor choose to burn even 5 billion worth of SHIB today, it will bring down the circulating supply by roughly 17 percent leading to a price surge. When it comes to Shiba, ‘holding’ can be rewarding,” Sharat Chandra, an emerging tech evangelist and a crypto expert told indianexpress.com.
The Flippening is here.
Rejoice #ShibArmy!
#TheRealFlippening
#WeAreHereToTakeOver
The Flippening is here.
— Shib (@Shibtoken) October 27, 2021
Rejoice #ShibArmy!#TheRealFlippening #WeAreHereToTakeOver pic.twitter.com/ggqyR9S80y
— Tamizhvel (@Tamizhvel4) October 27, 2021
(ALMOST THERE, 4 DAYS 3 HOURS LEFT!)
Shiba Inu [SHIB] takes a flight to Paris to savor French cuisine
https://www.tronweekly.com/shiba-inu-shib-takes-a-flight-to-paris/
A recent Facebook post revealed that SHIB was being accepted for payments at Paris’s Le Bistrot d’Eleonore et Maxence. The bistro situated near the popular Roman Catholic Church, St. Francis Xavier Church had stickers on its door announcing the acceptance of the cryptocurrency.
Shiba Inu Now Accepted by Paris Restaurant Le Bistrot d’Eleonore et Maxence
https://www.cointrust.com/market-news/shiba-inu-now-accepted-by-paris-restaurant-le-bistrot-deleonore-et-maxence
Holders of the Shiba Inu token will now be able to sample some of the finest French cuisine available. Locals have seen labels on the doors of Le Bistrot d’Eleonore et Maxence, a Paris-based restaurant, indicating that it has begun taking the hottest cryptocurrency currently available. In particular, the information came to light as a result of a video posted by local resident and crypto investor Natheno Davy, which showed that the restaurant’s main door now had two new “Shiba Inu accepted here” stickers just above the usual payment methods.
The quaint French cafe is conveniently placed near St. Francis Xavier Church, a well-known Roman Catholic Church in the area. On the restaurant’s menu are delicacies such as red tuna tataki, traditional beef tartar, roast beef entrecote, and raspberry mascarpone cream, to name a few examples. Before filming the video, Davy claimed he spoke with a member of the restaurant’s staff to ensure that SHIB had been added as a payment option: “Just at that time, a group of four guys paid their lunch bill with Shiba Inu, which was rather appropriate. It worked like magic!”
Later, Davy returned to the restaurant with his companions and paid EUR 250 (about $290) for a buffet containing SHIB, which included SHIB. As soon as the video became popular on social media platforms, the restaurant reported a dramatic increase in foot traffic, which they attributed to customers “thanking me for my job.”
“The restaurant has now established itself as the finest in the neighborhood. A wave of eateries is expected to begin taking bitcoins as a payment mechanism in the near future, according to the locals.”
In his long experience as an investor, Davy has disclosed that Shiba Inus have proven to be his most profitable ventures. “I’m a big fan of cryptocurrencies, particularly SHIB. Cryptocurrency has the potential to revolutionize the world.”
The widespread acceptance of the Shiba Inu is a direct outcome of a continuous bull market that has attracted new investors to the breed. Currently, SHIB has overtaken Dogecoin (DOGE) in terms of market valuation, making it the ninth most valuable cryptocurrency in the world.
After making a $3,400 investment in the Shiba Inu, a part-time cryptocurrency investor made a profit of 94,278,239.8 percent.
It is noteworthy that an unknown individual has purchased SHIB 44 times since August 2020 and has amassed 70,200,003,107,594 SHIB in the process, which is currently valued at $5.63 billion in today’s market. Dogecoin has suffered as a result of the SHIB bull run, which has had a detrimental influence on the price of the cryptocurrency.
A result of the recent price increase, Shiba Inu is noticing an increase in the number of merchants who are using it. The news source U.Today reports that a real estate company in Argentina has just included it to its list of accepted payments.
Following Elon Musk’s recent rebuke, the cryptocurrency is presently trading around its all-time high on major spot markets, indicating that it has not been discouraged.
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Kelly Cromley
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PETITION UPDATE
400k!!! Guess what else? An interview with Fortune Magazine.
Tristan Luke
Amherst, MA, United States
OCT 30, 2021 —
420,000 signatures. Wow. The canine maverick rises from the ranks! I think this qualifies as a success. Way to go you guys. Really amazing. How long until we lose a zero? It could be any day now.
I am excited to report that a gentleman wrote me yesterday and requested an interview, with none other than Fortune Magazine! He called me today. We had a long talk, 35 minutes or so, in which we discussed all aspects of your favorite crypto token. I really worked to prepare for it, and send him all the info he asked for. It was a great talk. I think this interview could make a real difference.
A friend suggested I include my Venmo ID for anyone who wants to send a dollar and support these efforts: https://venmo.com/u/Tristan-Sullivan-10 PayPal is perfectly good if you prefer it: https://paypal.me/tristansullivan1
I also heard from a lady at InvestorPlace, and they want an interview early next week! They all seem excited about this petition, and the groundswell of interest in Shib. So, we could see a lot of publicity in the coming weeks. These journalists seem very curious about why Shib is so popular, and what’s attracting all this energy and
Tristan
Thanks to your support this petition has a chance at winning! We only need 73,809 more signatures to reach the next goal - can you help?
419,222 have signed. Let’s get to 500,000!
Kindly request of Robinhood to list Shiba Inu coin!
At 500,000 signatures, this petition becomes one of the top signed on Change.org!
https://www.change.org/p/robinhood-convince-robinhood-they-will-prosper-if-they-list-shiba-inu-coin
Shiba Inu to the Moon
momentum is working in Shiba Inu's favor.
Coinbase's regard for Shiba Inu is a massive thing as it is one of the most popular platforms online to trade cryptocurrency, and it means a lot coming from them as a highly regarded place to trade. Shiba's growth is continuous, and it somehow resembles the popularity of Dogecoin during the first time that it was prominent in the market, way back in early 2021.
https://www.techtimes.com/articles/267216/20211027/shiba-inu-cryptocurrency-reaches-960-growth-still-included-robinhood-unlike.htm
AMC Vote for Shiba Inu:
TWITTER POLL #2: As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in Bitcoin, Ethereum, Litecoin and Dogecoin among others. Should we strive to take Shiba Inu too?
— Adam Aron (@CEOAdam) October 29, 2021
Shiba Strong!
The Flippening is here.
— Shib (@Shibtoken) October 27, 2021
Rejoice #ShibArmy!#TheRealFlippening #WeAreHereToTakeOver pic.twitter.com/ggqyR9S80y
"My job, my job is to defend the line and the brand. From the beginning, it is always the same.
"SHIBA is SHIBA. that is all. Anybody who comes and honors the Shiba walks equal with me.
"Anybody who comes and attempts to leech from the Shiba is a scammer and placed into exile."
They add: "Blockchain belongs to us. As the Shiba army, we are an organic organism, greater than any one man, movement or even nation-state.
"I give you this end vision. Now build towards it."
LEGEND IN THE MAKING? Who is Shiba Inu founder Ryoshi?
https://www.the-sun.com/news/3950075/shiba-inu-founder-ryoshi-explained/
Data shared by Etherscan shows that over the past several hours, cryptocurrency whales have transferred several massive lumps of Shiba Inu, which total a staggering 28 billion coins.
That is the equivalent of $1,295,560. At press time, SHIB is trading at the $0.000046 level.
Anonymous user buys 276 billion SHIB
As shared by the @ShibalnuNews account, a crypto whale recently purchased an eye-twitching amount of SHIB, worth $11,510,207. That is 276,592,553,073 in crypto.
The comment from the account holder says that the whale, apparently, knows something that others do not and knows what he/she is doing.
Whales are purchasing bags of Shiba Inu
There have been nine transactions, most of them carrying several billion SHIB. The largest one was worth 12,289,245,806 SHIB tokens.
The smallest one carried 132,266,524 SHIB.
Earlier this year, an anonymous whale purchased a whopping six trillion SHIB in a single transaction, adding 276 billion to it a couple of days later.
Recently, in October, several crypto whales together purchased around 100 billion SHIB.
Don't worry about whose not in the #shibarmy. Worry about if you own enough $shib when the next zero drops.
Only fools react to
@elonmusk
. Tweets don't change technical or fundamental analysis. Its just knee jerk reactions by those who are scared. $shib bounces back.
Don't worry about whose not in the #shibarmy. Worry about if you own enough $shib when the next zero drops.
— Shannon Bray 🪙 (@ShannonBrayNC) October 24, 2021
Only fools react to @elonmusk. Tweets don't change technical or fundamental analysis. Its just knee jerk reactions by those who are scared. $shib bounces back. pic.twitter.com/1zQWJoO1f5
Shiba Inu Generates 1 Million Tweets (IN ONE DAY!) as Price Keeps Hitting Fresh Highs
According to Bank of America data that tracks social media crypto trends, Reddit/Twitter token mentions put Shiba Inu and Dogecoin among the top 5 for October with the largest month over month change in mentions.
Shiba Inu Is Now Bigger Than Robinhood, Etsy And Pinterest
Don't let the number of zeroes following that decimal point fool you: Shiba Inu is massive. Its price has risen by about 930 percent month-over-month (93,062,286.75 percent year-over-year) and it currently has a $39.9 billion market cap.
Shiba Inu's Ascendance Pushes ETH Pricing to New Heights
By Nathaniel Mott about 1 hour ago
https://www.tomshardware.com/news/eth-price-sets-new-record
VOTED!
NICE!
Incredible Shiba Inu Tops Best Gainers List, Now Bigger Than Robinhood — Factors Behind The Surge
By Collins K.O - October 29, 2021
Twitter ReddIt
Shiba Inu Shatters New Highs, On Path To Ousting DOGE — But Can It Reach $0.001?
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An outpouring of good fortunes continues to bless the paws of all SHIB believers as the hype-dazed Canine-themed meme coin set a new all-time high for both its price and market cap.
At about 3:54 AM on the 28th of October, Shiba Inu leaped astronomically from its long-held market cap range, which hovered around $30 to $35 billion over the last 40 hours, to land on a whopping $51.2billion. In a space of 10 minutes, SHIB raked in a massive $20 billion additional market leverage dashing past the bottom three coins on the global top ten cryptocurrency rankings and landing its highest ever rankings on the global table.
Watermelon Shiba High
With its market capitalization upsurge came a juicy jolt in its price.
A vibrant $44.49 billion exchange volume in the early hours of yesterday, was all Shiba Inu needed to touch a new record high at $0.00008841. Hopes are now high with market participants expectant of a 1 cent debut around the corner.
SHIBUSD Chart by TradingView
As of current standing, Shiba continues to hold strong the lead amongst top gainers and has flipped over 28.79 billion cash for coins to earn a positive 28% trading balance. Shiba is 13% up on an aggregate, over the last 48 hours and it appears the surge may have only just begun.
The Surge Drivers
Analysis, according to Business Insider, reveals that much of the surge has been induced by addresses from so-called smart money cryptocurrency investors.
These are a class of crypto traders who take on an average of $100,000 daily by selectively mining targeted DeFis.
The index reveals that the month of October has seen dozens of new Shiba Inu transactions totaling over $1 billion at a go. By the last count, over $16 billion has been splashed on Shiba purchases over the last seven days.
https://zycrypto.com/incredible-shiba-inu-tops-best-gainers-list-now-bigger-than-robinhood-factors-behind-the-surge/
WAS THIS NOT AT 400,000 4 HOURS AGO, ITS AT 410,000 NOW
(WOW 10,000 SIGNATURES GUYS)
LET’S GET TO 500,000!
Kindly request of Robinhood to list Shiba Inu coin!
https://www.change.org/p/robinhood-convince-robinhood-they-will-prosper-if-they-list-shiba-inu-coin
Floki Inu Floods London With Ads While The Paw Boxing Between Shiba Inu And Dogecoin Traders Continues
https://mobile.twitter.com/BrettWheelwrig2?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1453244208597319685%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Ffloki-inu-floods-london-with-ads-while-shiba-inu-nears-dogecoin.htm
A new crypto coin birthed by fans & members of the Shiba Inu community, Floki Inu (FLOKI)
ANY OTHER SOURCES SAY THIS?
Shiba Inu seems to be the cryptocurrency star in India this festival season
https://qz.com/india/2081382/indians-are-obsessing-over-shiba-inu-coins-this-diwali-not-gold/
(LOL)
Movie Giant AMC Considering Accepting Shiba Inu
https://u.today/movie-giant-amc-considering-accepting-shiba-inu
Fri, 10/29/2021 - 12:48
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Alex Dovbnya
The meme stock is meeting the meme coin as AMC floats the idea of accepting the Shiba Inu cryptocurrency
Movie Giant AMC Considering Accepting Shiba Inu
Cover image via stock.adobe.com
Read U.TODAY on
Google News
AMC Theatres, the number one movie theater chain in the world, is considering adding the Shiba Inu cryptocurrency as a means of payment for tickets and concession stand purchases.
CEO Adam Aron has set up a poll on his Twitter account, asking if the company should accept "the Dogecoin killer."
As of 12:07 a.m. UTC, 33,079 votes have already been cast, with a whopping 82.5% of them choosing to add Shiba Inu.
woj
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Aron ran a similar poll on Twitter to take the pulse of his followers regarding Dogecoin in September, attracting the attention of none other than Tesla boss Elon Musk.
Earlier this October, the AMC CEO announced that support for the original meme coin will be added in early 2022.
Bitcoin, Ether, Litecoin and Bitcoin Cash are going to be added as new payment methods by the end of the year. In the aforementioned tweet, Aron says that his team of IT specialists is currently working on this.
Related
Shiba Inu Generates 1 Million Tweets as Price Keeps Hitting Fresh Highs
AMC is already accepting Dogecoin and other cryptocurrencies for physical gift cards.
When a meme meet a meme
Shiba Inu and Dogecoin, the two biggest meme coins, appear to be a perfect fit for the movie chain. AMC stock went haywire in early 2021 due to rebel traders from the WallStreetBets group on Reddit who rabidly bought heavily shorted stocks.
In June, AMC kept soaring when Aron scored a viral moment after allegedly not wearing pants during an interview.
The movie chain's shares are up 1,652% year-to-date.
#Shiba Inu
#Dogecoin News
#Cryptocurrency Adoption
article image
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.
Shib Army we’re stronger than ever. We are stronger than Elon musk. He cannot influence our dear SHIB.
SHIB Army should stay strong and ignore Elon tweets. There are stronger fundamentals in play. Besides, why would we even believe everything he says? He has a habit of flip-flopping for no reason.
IN OTHER OTHER NEWS:
https://cheddar.com/media/hertz-orders-100000-model-3-electric-vehicles-from-tesla
(I THINK ELON MUSK WILL BE FINE!)
The Paw Boxing Between Shiba Inu And Dogecoin Traders Continues, But Can Both Reign Supreme?
https://www.benzinga.com/markets/cryptocurrency/21/10/23568989/the-paw-boxing-between-shiba-inu-and-dogecoin-traders-continues-but-can-both-reign-supreme
Why Shiba Inu Has Been More Resilient Than Some SHIB Haters Would Like to Admit
While institutional investors have largely ignored the SHIB coin, the meme-token is rising thanks to its grassroots community.
The world knows a thing or two about SHIBArmy, the community behind the self-proclaimed dogecoin killer shiba inu coin (SHIB). But does it know how powerful SHIBArmy can be?
https://finance.yahoo.com/video/hash-10-15-shib-183518757.html
Trying to decide which crypto platform to use? 3 reasons to pick Coinbase over Robinhood
https://www.usatoday.com/story/money/investing/2021/10/29/3-reasons-coinbase-will-hold-up-better-than-robinhood/49297863/
SHIB army believe that the coin has been rising without Robinhood and certainly without Elon Musk, unlike DOGE.
Finance
Robinhood loses out as crypto trading slows
https://todayuknews.com/finance/robinhood-loses-out-as-crypto-trading-slows/
This was supposed to be Robinhood’s big year.
The trading platform started 2021 with the kind of following some companies can only dream about. It had amassed more than 12 million customers with funded accounts since launching in 2015 and was reaping the benefits of a retail-trading boom. A highly anticipated public-trading debut was in the offing.
3 days ago
But the company said this week that third-quarter revenue fell 35% quarter over quarter, weighed down by a 78% drop in revenue tied to customers’ cryptocurrency trading. New funded accounts fell to 660,000 from 5.1 million the quarter before. Robinhood expects revenue to decline again quarter over quarter in the final three months of the year and projects that new funded accounts will roughly match July through September.
While the company doesn’t expect to sustain the growth it had seen earlier this year, the results highlight a question that has swirled around Robinhood: If financial markets don’t continue on the ebullient path they have charted for much of the past 18 months, will the company be able to keep up?
“If you’re constantly tracking fads, it’s a tough business model,” said Larry Tabb, head of market-structure research at Bloomberg Intelligence.
READ What you need to know about payment for order flow, and why Robinhood cares so much about it
Investors on Wednesday punished Robinhood after the results. Shares tumbled as much as 13% before finishing the day down 10% at $35.44, below the company’s initial public offering price of $38 for the first time since early August. On Thursday, Robinhood shares were up 0.1% to $35.47.
Part of the stock performance might have been affected by an additional 62 million shares that became tradable Wednesday, analysts said. Those shares are owned by some employees as well as by some of the companies that provided Robinhood emergency funding during the GameStop frenzy earlier this year.
The company declined to comment. On its earnings call Tuesday, Robinhood’s chief financial officer, Jason Warnick, said the company doesn’t expect its growth to be linear.
Year over year, the company said, growth in metrics ranging from revenue to active users was strong.
Financial markets, however, are different from a year ago, with 2021 bringing the arrival of meme stocks, large inflows into speculative cryptocurrencies and a US stock market that seemed only to go up.
In the second quarter, for example, Robinhood said it brought in $144m in revenue alone from customers trading in dogecoin, a cryptocurrency that started as a joke, surged this spring and then fizzled out.
Though Robinhood hasn’t disclosed specific dogecoin figures for the third quarter, the company said Tuesday it brought in $51m in revenue during the period from customer trading of all seven of the cryptocurrencies available on its platform.
The company hasn’t added shiba inu, the latest meme cryptocurrency, to its platform, missing out on demand for the digital asset from individual traders.
READHere’s how shiba inu became the world’s 12th largest crypto
Robinhood is in no way the only company to see growth align with the retail-trading mania that has gripped markets since the start of the Covid-19 pandemic.
Its larger rival, Charles Schwab, also saw new brokerage accounts rise sharply earlier this year and then grow at a slower pace in the third quarter.
Unlike Schwab and other big brokerages, Robinhood receives the bulk of its revenue from payment for order flow, a widespread practice in which online brokerages send customers’ orders to high-speed trading firms.
The practice has faced increased scrutiny this year, including from Securities and Exchange Commission chairman Gary Gensler.
In the third quarter, this transaction-based revenue accounted for 73% of Robinhood’s total revenue.
Of that, Robinhood earned the most from options transactions, followed by crypto and then stocks.
Robinhood also makes money from other sources, including lending out customer securities and from its Robinhood Gold program, for which customers can pay for advanced trading tools.
Executives at Robinhood emphasized that the company is working to diversify product selection and focus on safety.
Asked on a call with reporters Tuesday if the company would add more cryptocurrencies, such as shiba inu, to the platform, Warnick said the company was “being cautious about adding new coins.”
More than one million customers are on its wait list for cryptocurrency wallets, which will allow users to move digital asset holdings in and out of the app, Robinhood said Tuesday.
The company also continues to expand its program that allows users access to initial public offerings before a company’s shares start publicly trading.
READRobinhood shares fall on SEC’s warning of possible restrictions on payment for order flow
Robinhood also highlighted that it is looking to roll out retirement accounts that have tax advantages.
Meanwhile, about a quarter of the company’s funded accounts use its cash-management feature that allows customers to earn interest on their uninvested cash.
Many analysts and market observers believe that, to compete with entrenched brokerages in the industry, it will be crucial for Robinhood to expand financial services and offerings.
“Robinhood has proven the naysayers wrong numerous times,” said Devin Ryan, director of financial technology research at JMP Securities.
Write to Caitlin McCabe at caitlin.mccabe@wsj.com
This article was published by Dow Jones Newswires
Shiba Inu Price Prediction: If SHIB bulls continue to incentivize Shiba Inu price to move higher, the next target for the token is at the 127.2% Fibonacci extension level at $0.00010617, then at the 161.8% Fibonacci extension level at $0.00012873 before the token reaches its bullish target at $0.00014369.
Starting today 10/28 at 4pm PT we will be updating our precision for SHIB-USD & SHIB-USDT order books. Precision will be reduced from .00000001 to .0000001. We will maintain this level unless the price of SHIB-USD drops below .00003. Updates will be posted here & via Status Page.
— Coinbase Exchange 🛡️ (@CoinbaseExch) October 28, 2021