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A look at how the upcoming FOMC meeting will influence the Shiba Inu demand.
Bullish bias forming but investors still moving with caution in anticipation of final results.
The Shiba Inu community is undoubtedly pleased with SHIB’s performance in January. But now that the month is coming to its conclusion, a sense of uncertainty has returned to the market, especially in regard to its performance in February.
The upcoming FOMC meeting will likely have the biggest impact on Shiba Inu holders’ portfolios.
A good understanding of what the FOMC meeting is will allow Shiba Inu holders to better understand how it influences their portfolio.The link between the FOMC and Shiba Inu price action
The Federal Reserve uses the Federal fund rate as a tool for balancing the economy. A lower rate means it is cheaper to borrow, making it easier for people to access liquidity and thus an easier investment environment.
On the other hand, a higher rate makes borrowing less appealing and discourages investment.
The Federal fund rate has been rising for the most part in 2023 as part of the FED’s quantitative tightening measures to curb inflation.
Shiba Inu and the rest of the market experienced a bullish surge after the last FOMC meeting. This is because the FED only increased interest rates by 0.5% or 50 basis points compared to 0.75% or 75 basis points in the previous month’s announcement.
The market interpreted the lower FFR as a sign that the FED was easing off its aggressive rate hike. This was also accompanied by reports that the FED was seeing positive results in its battle against inflation. The next FOMC meeting is scheduled to take place on 31 January and 1 February.How will the FOMC’s next FFR affect Shiba Inu?
There is speculation that the FED will hike the FFR by 25 basis point. If this turns out to be true, then it may support a bullish sentiment, and thus SHIB may experience renewed buying pressure.
Such an outcome would allow it to overcome the resistance we observed in the last few days at the $0.0000123 price level.
If a rally is an outcome, then Shiba Inu investors can expect the price to surge by as much as 14% to the next Fibonacci resistance line.
If the rate hike is higher than that, it may spoof investors, triggering another selloff for Shiba Inu.
A 10% or more pullback may be on the cards and that outcome will push it back closer to or below its 200-day MA.
The week ahead
Wednesday: US FOMC [25bps hike priced with 98% probability, another 25bps in March is likely]
Thursday: UK + European central bank meetings
Friday: US NFP job market data [Unemployment rate to tick higher from 3.5% to 3.6%, 193k jobs exp. to have been added]
— tedtalksmacro (@tedtalksmacro) January 29, 2023How are the markets reacting so far?
Sometimes the market starts to react even before the actual FOMC minutes are released. Some speculate that this is because people in privileged positions know about the FED’s rate decision before it is officially released.
As such, some market participants may have privileged access, allowing them to react accordingly.
Interestingly, Shiba Inu’s weighted sentiment metric did register a slight uptick in the last two days. This may suggest that optimism is returning to the market.
Well, this is not necessarily a confirmation that investors anticipate another surge especially now that the expectations are leaning towards a 25 basis point hike.
Meanwhile, the price volatility has tanked slightly in the last few days but another surge might be on the way. This is because the FOMC data may trigger more trading activity this week.
Exchange flows also highlight a similar outcome. The supply on exchanges has dropped significantly in the last few days, while the opposite is true for supply outside exchanges.
The above metrics confirm that there is a higher demand for SHIB than selling pressure. Nevertheless, this is not confirmation that the bulls will prevail.
There is still ample time for a bearish pivot especially if the FOMC decides to go with a higher rate hike than anticipated.
But, for now, the best strategy would be to ‘wait and watch’ the market’s play.
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The price of Shiba Inu [SHIB] rose nearly 5% within a day of Ripple [XRP] securing a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) on 13 July.
SHIB has had a tough past month as its price continued to plummet. However, recent developments, in all likelihood, are going to lead to a price rally.
A giant whale with 101.47T $SHIB($756M, 10.15% of the total supply, probably the largest holder) transferred 4T $SHIB ($29.8M) to 8 fresh addresses today.
— Lookonchain (@lookonchain) July 13, 2023
Analytics tool Bubblemaps tweeted that the wallet was likely connected to the project’s developers.
— Bubblemaps (@bubblemaps) July 13, 2023
As demand for SHIB, the largest memecoin after Dogecoin [DOGE], gains upward momentum, the possibility of a hike in its price in the coming days can’t be ruled out.
Shiba Inu is also exploring opportunities in the Metaverse. The term “Metaverse” refers to a virtual world or a collective virtual shared place created by computer technology and populated by avatars or virtual creatures. It is a concept that has become more well-known in recent years as more immersive virtual environments have emerged.
The concept behind Metaverse is that it is a setting where people can interact with virtual items and other people in a way comparable to the actual world. The Shiba Inu Metaverse will be attempting to capture all this.
Is your portfolio green? Check out the Shiba Inu Profit CalculatorShiba Inu enters the Metaverse
On 15 March, Shiba Inu announced the opening of the chúng tôi website, which is the portal for its Metaverse. The launch came after months of planning and selling Metaverse territories.
— Shib (@Shibtoken) March 15, 2023
Following the launch of the new site, the SHIB community welcomed another platform that may provide utility to the SHIB token. The Shiba Metaverse’s functionality could be added to the Shibarium testnet, which was recently released.
We chose to ask our AI friend, Chat GPT, its opinion about the Metaverse in light of its increasing popularity and Shiba’s introduction of its version. It produced some intriguing results.ChatGPT’s idea of an ideal metaverse
What would the ideal Metaverse look like? This was the first query we posed to the AI. The main characteristics of the ideal Metaverse were outlined by ChatGPT, but it was also quick to acknowledge that several things may affect it.
Regardless of its design or purpose, ChatGPT specified seven characteristics that an ideal Metaverse should contain, which were helpful. Accessibility, interoperability, immersiveness, creativity, and innovation are just a few characteristics ChatGPT listed as desirable in a Metaverse.
One would potentially be inclined to concur that these are truly fundamental based on the list the AI produced.So, is the Shiba Inu Metaverse an ideal Metaverse?
ChatGPT quickly pointed out its limitations in learning enough about the Shiba metaverse when responding to this query. And yet, it was able to respond that it has a welcoming environment and scored high on creativity and innovation.
Even so, it remains unclear about its accessibility and interoperability.Exploring the possible roles of AI in the Metaverse
AI can make user experiences more realistic and compelling because the Metaverse is essentially a digital ecosystem replicating the actual world. Creating more perceptive and intelligent virtual assistants is one potential use of AI in the Metaverse.
These assistants could make it simpler and more effective for users to move about the Metaverse. Additionally, it can aid them in discovering information and communicating with others.
Additionally, AI can also be utilized to develop more complex and convincing virtual characters, heightening the Metaverse’s immersion and realism. By integrating machine learning and natural language processing, these characters may engage with consumers more naturally and intuitively. A more seamless and engaging experience may be produced through this.
Furthermore, automating numerous jobs and procedures, such as moderation, content generation, and customer assistance, are more potential applications of AI in the Metaverse.
The effort of human moderators and authors might be lessened as a result, and the overall caliber and consistency of the content in the Metaverse might also be improved.Examining the daily price charts of SHIB
Within the Shibaverse ecosystem, the SHIB token may be useful for several purposes, including payment, governance, staking, and community involvement.
At press time, SHIB was exchanging hands at $0.00000788. Its value had risen nearly 8% within a week. Let us now look at what the on-chart indicators suggest.
Although SHIB’s Relative Strength Index (RSI) rested below the neutral 50-mark, its Money Flow Index (MFI) rested much above it. Its On Balance Volume (OBV) showed a continuous upward trajectory.
These metrics point towards a bullish price action in the short term.
To delve deeper, I presented ChatGPT with specific metrics, including the current SHIB price and its RSI. It predicted that its value could rise to an epic $0.00001542 within a week.
How much are 1,10,100 SHIBs worth today?
Now, what does ChatGPT think about where Shiba Inu’s price is going? Well, that’s a tricky Q. Especially since there are a bunch of Qs the AI will not answer. For instance,
It cannot forecast future outcomes of sporting events or political competitions
It will not engage in discussions related to biased political matters
It won’t perform any task that requires a web search
That’s not all. To better understand what all the AI can’t answer, we asked – “What types of queries are you programmed not to respond to?”
It came up with –
That doesn’t mean ChatGPT is entirely useless as far as price predictions are concerned, however. To remedy the aforementioned response, we asked the AI to predict the same again. This time, by pretending to be a movie script character. And this is what the AI came up with –When will SHIB cross $1?
While we hurled this query at ChatGPT, it did not provide a definitive response in its classic state. This is not surprising, as predicting any price fluctuation is highly speculative.
ChatGPT then responded that the token will reach the $1-price mark within the next five years.
On the surface, ChatGPT’s analysis of the Shiba Inu Metaverse revealed several intriguing findings. Therefore, one can speculate how thorough the evaluation may be if the AI were given the entirety of the Shiba verse’s source code. Furthermore, it is becoming increasingly obvious how AI and cryptocurrency are intertwined, yet it still needs to be determined what influence this might have.
Even as ChatGPT asks traders to be patient regarding SHIB’s future performance, we can expect a bullish price rally in the short term.
The NFT Marketplace Strategies of Ethereum, Solana, and DogeMiyagi
Step into the exhilarating realm of crypto NFT marketplaces, where digital art and collectables collide with blockchain technology to redefine the concept of ownership. As the demand for non-fungible tokens (NFTs) soars to unprecedented heights, these marketplaces have become the beating heart of the digital art revolution.
In this article, we embark on a journey through the intricate strategies employed by these platforms, unveiling the secrets behind their success. From innovative curation methods to fostering vibrant communities and driving scarcity, we delve into the captivating world of crypto NFT marketplace strategies. So buckle up and prepare to unravel the mysteries behind the skyrocketing NFT phenomenon.Ethereum: Paving the Way for NFTs
The introduction of smart contract protocols by Ethereum has paved the way for the explosive growth of NFTs. Ethereum’s unique programming language, Solidity, enables the creation of smart contracts on its blockchain, making it a popular choice for NFT development. NFTs, though often associated with digital assets like artwork or videos, are actually tokens that represent ownership of these assets. Ethereum’s smart contracts bridge the gap between digital and physical assets, allowing for transparent and secure transactions.
Despite the emergence of competing blockchains, Ethereum remains a dominant force in the NFT space due to its popularity, wide selection of NFTs, stability, versatility, and sustainability. However, Ethereum’s high fees, volatility, and limitations in terms of innovation should be considered when exploring alternative blockchain options. Nevertheless, Ethereum continues to host the top NFT projects, offering automated creation processes and seamless integration with in-game currencies.Shiba Inu: Cute-ifying NFTs
Introducing SHIBOSHIS, a collection of 10,000 unique Shiba Inu-inspired Non Fungible Tokens (NFTs) permanently recorded on the Ethereum Blockchain. These NFTs hold immense value within our community and can be acquired, traded, and assembled through ShibaSwap.
Each SHIBOSHI possesses distinctive traits, such as Laser Eyes and Party Hats, making them highly collectable. These traits will play a significant role in our upcoming game release, where SHIBOSHI holders can strategically utilise their NFTs. Every trait corresponds to an enhancement or special ability, showcasing the formidable ShibaStrength within the game.DogeMiyagi: NFTs that Pack a Punch
DogeMiyagi (MIYAGI), the brand-new martial arts doggo coin, is expanding into NFTs! Embark on an exhilarating journey as DogeMiyagi NFTs enter a dynamic phase of intensive research and development. Crafted as an elite club, this project offers an immersive experience for members who crave the vibrant DogeMiyagi ecosystem. Immerse yourself in the world of martial arts, relish enticing freebies, indulge in nostalgic childhood memories, and soak up the lively atmosphere.
Acquiring a DogeMiyagi NFT is more than owning an avatar—it unlocks privileged access to an exclusive domain, where the offerings and benefits continue to expand and flourish. Soon, users will have the seamless opportunity to mint DogeMiyagi NFTs directly from the official website, providing a gateway into this extraordinary and exclusive realm.Final Thoughts
As the market continues evolving, we expect to see more diverse and specialised NFT marketplaces catering to specific industries and interests. Whether it’s art, music, gaming, or virtual real estate, NFT marketplaces have unlocked a world of possibilities, empowering individuals to participate in the digital economy like never before.Find out more about DogeMiyagi:
“The Top 10 Shiba Inu Wallets in 2023: Secure Your SHIB Investments with the Best Crypto Wallets”
Shiba Inu (SHIB) is a cryptocurrency with meme influences that have developed a sizable popularity among cryptocurrency users. It’s not surprising that many investors are looking for strategies to secure their SHIB investments given the recent boom in popularity. Any cryptocurrency investor requires a wallet, but there are many to pick from and it can be difficult to find the right one for your needs. In order to assist you to make an informed choice, we’ll examine the top 10 Shiba Inu wallets in 2023 in this post. We’ll focus on their essential features and security characteristics.
The web browser plugin Metamask also has a mobile app available for iOS and Android users. Due to its integration with a variety of decentralized applications, it is a well-liked option for investors who want to engage with the DeFi ecosystem (dApps). Metamask is a fantastic option for novices because of its user-friendly UI.
For iOS and Android users, there is a mobile wallet called Trust Wallet. It has a simple user interface and strong security measures, like biometric identification and a PIN code. SHIB and other cryptocurrencies are supported by Trust Wallet, which also enables users to engage with dApps straight from the app.
Exodus is an iOS and Android-compatible desktop and mobile wallet. It has a beautiful user interface and accepts a variety of cryptocurrencies, including SHIB. Your SHIB investments are protected from hackers by Exodus’ strong security features, which include a password and PIN number.
Users of iOS and Android devices can access Atomic Wallet on both their desktop and mobile devices. It features a simple, user-friendly interface and supports SHIB in addition to other cryptocurrencies. To protect your SHIB investments, Atomic Wallet also provides strong security mechanisms like a password and seed phrase.
A web-based wallet with a straightforward and user-friendly UI is MyEtherWallet. SHIB is one of the many cryptocurrencies it supports, and it offers strong security features including two-factor authentication and recovery seed. MyEtherWallet is a flexible option for investors because to its integration with a variety of dApps.
Ledger Nano X:
One of the most well-liked hardware wallets available is the Ledger Nano X, and for good reason. To protect your SHIB investments from hackers, it provides top-notch security measures like a secure chip and a PIN code.
Trezor Model T:
Another hardware wallet with strong security features is the Trezor Model T, which includes a recovery seed in addition to a password and PIN code. This wallet likewise has a user-friendly layout and supports a number of coins, including SHIB.
SHIB and other tokens can be stored, purchased, traded, sent, and received using ZenGo Wallet, another excellent SHIB cryptocurrency wallet. It supports numerous cryptocurrencies and has an intuitive, user-friendly interface.
Enjin Wallet is a mobile wallet that offers a visually stunning interface and supports multiple cryptocurrencies, including SHIB. It offers robust security measures, such as biometric authentication and recovery seed, and allows users to interact with dApps directly from the app.
SHIB is one of the more than 1,500 cryptocurrencies supported by Coinomi, a mobile wallet. Users may exchange bitcoins right from the app, and it offers strong security features including a password and seed phrase.
Meme coins these trendy and fun tokens may have started off as a joke, but they are not to be taken lightly by serious investors. Dogecoin (DOGE), Shiba Inu (SHIB), and DogeMiyagi (MIYAGI) are among the meme coins that have gained significant popularity in recent times. If you are ready to make money with crypto, it is worth exploring meme coins and learning why they are a serious game for those seeking potential investment opportunities.Fun, Fame, And Finance: Dogecoin’s Journey From Ridicule To Recognition
Dogecoin started as a joke but has become a force to be reckoned with in the meme coin realm. Back in 2013, Adobe Product Marketing Manager Jackson Palmer and software engineer Billy Markus created Dogecoin as a playful parody. They intentionally made it as ridiculous as possible, based on the popular “doge” meme featuring a Shiba Inu and phrases like “such tired” and “much wow.”
However, the joke turned into a serious contender as Dogecoin gained widespread support from notable celebrities like Elon Musk, Snoop Dogg, and Mia Khalifa. Dogecoin’s journey proves that fun and memes can significantly impact the crypto market.Shiba Inu: How A Cute Face Became A Serious Investment Opportunity
Shiba Inu is a coin that knows how to capture hearts with its adorable mascot. Created by an anonymous individual named Ryoshi, SHIB has quickly gained popularity since its launch in August 2023.
In 2023, it became the crypto star of the year, generating a whopping 43 million more views than Bitcoin itself! Social media hype and community support have played a significant role in Shiba Inu’s rise to fame, fluctuating prices based on celebrity tweets. It’s safe to say that Shiba Inu is not just a cute face but a serious investment opportunity.DogeMiyagi: Earn Passive Income And Shape The Future Of Decentralization
Let’s talk about DogeMiyagi, the latest addition to the meme coin family. With its sights set on becoming a fully-fledged Decentralized Autonomous Organization (DAO), DogeMiyagi combines hype, memes, and a vision for a decentralized future. The project plans to renounce ownership after the token launch, empowering every member to shape its future through democratic decision-making.
In addition to potential gains from the token’s value, DogeMiyagi offers a referral program that allows you to earn passive income. By inviting friends to buy MIYAGI tokens, you can receive a 10% commission. It’s not just about making money; it’s about growing a community of like-minded individuals who share the same enthusiasm.Make Money With Crypto Meme Coins
So, if you’re ready to embark on this exciting journey, start exploring the world of fun memes and make money with crypto meme coins. And who knows, maybe you’ll find yourself not just laughing at memes but laughing all the way to the bank!
There’s no harm in having a little fun along the way. However, remember that it’s always important to do thorough research and make informed decisions when investing in cryptocurrencies. So, why take a leap into the world of meme coins and see where it takes you?
To learn more about DogeMiyagi and join the meme coin revolution, visit their website and social media and let the fun and profits begin.DogeMiyagi:
EverGrow Coin has burnt tokens more than the Shiba Inu burn rate in 2023
Burning Shiba Inu tokens is seen as the best way to boost its price – but while supporters have burned about 0.03% of supply in a year,
has burned 52.85% of its supply in just 5 months.
EverGrow Coin is fast attracting attention for built-in mechanisms that perform far above the Shiba Inu burn rate. Even better, while Shiba Inu followers take it upon themselves to conduct regular coin burns (they’ve burned 41.03% Shiba Inu so far) EverGrow Coin does this automatically.
With both projects having a similar total supply (1,000,000,000,000,000 $EGC vs 999,991,669,384,079 $SHIB) it’s an impressive burn rate that will see EverGrow Coin reach $1 far before Shiba Inu.Why EverGrow Coin will continue to outperform the Shiba Inu burn rate
The power of EverGrow Coin is that coin burning is built into the project’s entire roadmap. Contrast this with
, whose followers only began burning coins after the Ethereum co-founder Vitalik Buterin burnt 41% of the total supply in May last year. (To date, Shiba Inu fans can only burn tokens by sending them to Vitalik Buterin’s wallet address, and they’ve burnt 0.03% of supply since then.)
EverGrow Coin however conducts coin burns automatically. To date, this is mainly achieved through the 14% transaction tax on all
buy/sell orders, of which 2-3% is set aside for strategic coin burns. Smart contracts execute the coin burn once a month.
But EverGrow Coin will roll out at least
10 different revenue streams
for strategic coin burns throughout 2023. This includes profits from the content subscription platform
on the Binance Smart Chain,
virtual reality metaverse, as well as upcoming drops of an EverGrow Exchange and EverGrow Wallet.
The Shiba Inu burn rate meanwhile is growing steadily but lacks centralised oversight. There are innovative mechanisms like the
Shiba Inu Coffee Company
(which burns $SHIB tokens with profits) but as these collectively have only achieved 0.03% of supply in a year Shiba Inu still has a long road to reach $1 in price.EverGrow Coin investors earn passive income while waiting for the burn rate to increase
The innovative EverGrow Coin burning mechanism – called buyback and burn, or BB+B – is not its only attractive feature. EverGrow Coin investors also benefit from BUSD stable coin rewards while they wait for the $EGC price to grow. To date, the project has paid over $36 million in BUSD since launching in September last year, according to the
EverGrow Coin dashboard
Of course, this is modest compared to Shiba Inu’s meteoric rise from a market cap of a few thousand dollars in May last year to $14 billion within weeks. But it’s worth remembering that Shiba Inu’s huge success was attributed to a Vitalik Buterin’s single coin burn of 41% of the Shiba Inu total supply.
It’s unlikely that Shiba Inu will see such a high burn rate again. It will take hugely altruistic Shiba Inu whales to sell off all their supply, or incredibly innovative burning mechanisms to see the Shiba Inu burn rate take off in 2023.
That’s why EverGrow Coin has become so popular in recent months, as a token that can beat Shiba Inu’s burn rate automatically, without investors so much as opening their digital wallet.
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