Trading Is Still Far From Real

However, despite the regulatory nod to the 19b-4 filings, the Ethereum ETFs cannot commence trading until the issuers receive approval for their S-1 registration statements. James Seyffart, a Bloomberg analyst, noted that while this process could be expedited in a few weeks, it has historically taken up to three months or more. Hence, a Shiba Inu ETF is also not going to be true sometime soon, however, the situation still remains unpredictable.

On the flip side, a significant factor behind this approval was political pressure from U.S. lawmakers. Earlier, a group of House representatives, including Majority Whip Tom Emmer and New Jersey Democrat Josh Gottheimer, sent a letter to the SEC Chair Gary Gensler urging the approval of these ETFs.

They argued that the approval of Ethereum ETFs would be consistent with the standards applied by the SEC after endorsing spot Bitcoin ETFs earlier this year. This advocacy is considered one of the key reasons for the SEC’s swift decision, which even caught some insiders by surprise.

Meanwhile, Shytoshi Kusama’s tweet also hinted at news of significant future endeavors for Shiba Inu, though he remained cryptic about the specifics. This has fueled excitement within the SHIB community. Furthermore, a SHIB ETF, as mentioned by Kusama, could legitimize Shiba Inu, marking a massive milestone.

Coin exchange rate

$BTC 68611.067 USD (\-1.0%) 🔴
$SHIB 0.00002464 USD (\-0.52%) 🔴

Coin exchange rate

$BTC 69300.956 USD (+0.82%) 🟢
$SHIB 0.00002476 USD (\-0.48%) 🔴

🐶 Shiba Inu Price Soars! Airbnb, Nike Now Accept SHIB Payments: Impact on Other Meme Coins Revealed

With meme coins as relevant as ever, it’s not surprising to see their broader integration with the world of finance. Just this week, it was revealed that crypto users can now pay for products and services from Airbnb and Nike using Shiba Inu.

How has this affected the Shiba Inu price, and has Dogwifhat benefitted? Let’s find out.

Shiba Inu looks bullish amid Airbnb payments integration
Shiba Inu is the second most valuable meme coin and certainly one of the most admirable. It’s demonstrated remarkable staying power since 2021 and, unlike many of its peers, has gone on to build a diverse ecosystem of decentralized products based on utility.

Recently, Shiba Inu has seen another boost. CoinGate has integrated Shiba Inu into its Polygon and Binance Smart Chain platform, enabling SHIB holders to make Airbnb payments and purchase from brands like Nike, Steam, and more.

The Shiba Inu price appears to have benefitted, jumping 14% on May 13th. While it remains in a relatively tight trading range, this move could provide the momentum necessary for the Shiba Inu price to break out within the coming weeks.

Investors Move Funds to New Token 99Bitcoins (99BTC) – Here’s Why

SHIB could see near-term upside, but a new token in the learn-to-earn (L2E) niche is attracting a lot of hype.

Well-established crypto education platform 99Bitcoins is launching a new token that will reward users for learning about crypto.

And investors are flooding in to get in on the presale before it sells out.

99Bitcoins’ has over 700,000 YouTube subscribers, over 100,000 enrolled students and a huge 2.5 million mailing list.

That positions it to immediately become a leader in the L2E space.

The new token will initially launch on Ethereum, but eventually, as BRC-20 to pioneer L2E on the Bitcoin blockchain.

Investors have already piled nearly $1.3 million into the presale. And potential investors better move quickly, as when $2 million is hit, the 99BTC price will rise.

99BTC will power 99Bitcoins’ L2E platform, whilst offering investors a healthy staking yield.

As per the official website, this yield was last around 1,333%, though will drop quickly as the presale progresses.

99Bitcoins is also running a whopping $99,999 BTC airdrop.

Should new token 99BTC become a market leader, presale investors could easily be looking at 10x or 987% gains. This one is not to be missed.

Early Shiba Inu Investors Move Funds to New Token, Seeking 987% Profits

As Shiba Inu (SHIB) eyes a potential push higher following a recent bullish pattern breakout and amid positive news for its DeFi ecosystem, early investors are moving funds to a new token called 99Bitcoins (99BTC) as they seek 987% profits.

SHIB was last trading down 3.3% on Thursday around $0.00002450, having earlier pushed towards $0.000026.

The meme coin, the second largest by market cap after Dogecoin, broke out of a multi-week pennant pattern on Wednesday.

Technical analysis suggests risks are tilted towards a retest of late-March highs.

And news that ShibaSwap has finally migrated to Shibarium could help ignite fresh bullish sentiment.

Shiba Inu developers launched Shibarium, a layer-2 blockchain designed to be the home of the Shiba Inu ecosystem, last year.

But so far, it’s largely been a dud, with barely over $2 million in TVL as per DeFi Llama.

ShibaSwap, Shiba Inu’s previously Ethereum-based DEX, has been more successful.

The DEX routinely logs daily trading volumes in the millions of dollars, CoinGecko data shows.

ShibaSwap’s expansion to Shibarium should bring some much-needed liquidity to the struggling blockchain.

Not only is that a boost to the Shiba Inu web3 ecosystem, but should also lift the SHIB burn rate.

Coin exchange rate

$BTC 60752.388 USD (\-0.38%) 🔴
$SHIB 0.00002238 USD (\-0.93%) 🔴

Coin exchange rate

$BTC 60986.027 USD (\-3.4%) 🔴
$SHIB 0.00002259 USD (\-4.1%) 🔴

Coin exchange rate

$BTC 63133.02 USD (+3.12%) 🟢
$SHIB 0.00002356 USD (+3.92%) 🟢

🐶 Shiba Inu Flashes Bull Flag, Why A 150% Price Jump Is Imminent

Shiba Inu (SHIB) could soon witness a significant price rally, with crypto analyst Ali Martinez highlighting a bullish pattern forming on the meme coin’s chart. Shiba Inu’s price could potentially see a 150% gain when this rally happens.

A Bull Flag Is Forming On SHIB’s Chart
Martinez mentioned in an X (formerly Twitter) post that Shiba Inu looks to be forming a bull flag on its daily chart. A bull flag is a bullish pattern that indicates that the crypto asset will soon see further moves to the upside. In anticipation of this move, the crypto analyst further revealed that he was placing a buy order around $0.000018343, aiming for a bullish breakout that would send Shiba Inu’s price to $0.000072323.

Seeing that a rise to that price level represents about a 150% price gain for the meme coin, some of Martinez’s followers seemed skeptical about the prediction, with some jokingly asking the crypto analyst if his account was hacked again. Interestingly, this prediction is far from ambitious, considering that Martinez previously predicted that the meme coin could eventually rise to $0.011.

Meanwhile, those looking to jump on Martinez’s trade idea could also adopt Crypto analyst Crypto Noan’s profit-taking strategy if Shiba Inu doesn’t get to $0.000072323 as Martinez predicts. Noan highlighted four price levels at which SHIB investors should consider taking profit as the meme coin moves to the upside.

These price levels are $0.000028181, $0.000032816, $0.000039035, and $0.000043609. That means that all Noan’s take profit-targets will be filled on Shiba Inu’s potential rise to $0.000072323. Therefore, investors might want to consider securing some profits along the way