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Almost 70% of Shiba Inu (SHIB) holders are in a loss Although Shiba Inu (SHIB) is among the largest losers of the recent slump in the crypto market, the token has had a rather good recovery over the last week. In the last week, Shiba Inu has climbed 4.05%, one of the better performers in the top 20 cryptocurrencies over the previous week, adding over $250 million to its market worth over, according to data acquired by Finbold from the CoinMarketCap. In addition, when analyzing the token summary, the on-chain metrics that provide a general understanding of the money made around Shiba Inu reveal that the number of holders in profit at the current price is slightly over a quarter at 26%, with 69% of SHIB holders at a loss and just 5% breaking even. Furthermore, the composition of Shib holders indicated that 30% had held the asset for more than a year, 66% held it for up to 1-12 months, and just 4% held it for less than one month. While this is going on, momentum and value signals. Source @Doge_ShibaInu

Dogecoin Pumps as Elon Musk Agrees (Again) to Buy Twitter Dogecoin jumped over 8% on Tuesday after news broke that Elon Musk may finally be acquiescing to purchasing Twitter on the deal’s original terms. Musk’s attorneys sent a letter late last night to Twitter, according to Bloomberg, proposing to buy the social media company for his original offer price of $54.20 per share. Dogecoin and Musk have shared a long and deeply intertwined history. For years, the world’s richest man has touted the memecoin in numerous playful tweets that he first claimed were ironic, but later appeared indicative of a real working relationship with the cryptocurrency’s developers. Musk’s tweets about DOGE, joking or not, regularly sent the token’s price skyrocketing; when Musk hosted “Saturday Night Live” in May 2021, anticipation of the event sent DOGE hurtling towards an all-time high of $0.72. Source @Doge_ShibaInu

Shiba Eternity in $15.71bn market going live, huge SHIB token burn The Shiba Inu (SHIB) community has enormous expectations for the download day for Shiba Inu’s game (Shiba Eternity). Recently, the game’s token experienced a temporary rally before suffering a price correction. Eternity’s rally came at a time when other cryptocurrencies experienced losses. Shiba Inu’s card game allows users to switch between waging epic card wars and perfecting their deck-building skills. Currently, the game’s developers organize an ongoing trailer contest. Contestants are to shoot a 30-second video preview of the app. According to the organizers, the contest’s winner will receive $5,000 worth of SHIB tokens. Meanwhile, recent data from crypto analytics firm, Whalestats, states that Ethereum Whales are still accumulating more SHIB. Source @Doge_ShibaInu

Dogecoin Founder Says Crypto Spam Bots Have Called A Quit Billy Markus, the software developer who co-founded the meme Dogecoin, has once again used Twitter to bring attention to the issue of crypto bots. He claims to have noticed fewer spam bots this time and wonders if Twitter has taken any action to address this problem. Markus noted that the number of cryptocurrency spam bots he currently encounters on Twitter has significantly dropped. Markus believes there are currently about 20 obvious scam bots, which used to be 200 every tweet. The founder and chairman of Boardroom Capital commented sarcastically, saying, “Crypto down so bad even the bots called it quits.” Although, a crypto enthusiast alleged that Twitter is deliberately turning a blind eye to the problem, wondering why it takes them too long to resolve the issue. The post Dogecoin Founder Says Crypto Spam Bots Have Called A Quit appeared first on Coin Edition. Source @Doge_ShibaInu

Shiba Inu Drops Major Announcement Over Its Eternity Game SHIB, the Shiba Inu ecosystem is back with another major announcement with a plan to widen its scope. However, the second largest meme crypto prices are trading under big selling pressure due to volatile market conditions. As per SHIB, the much awaited Shiba Eternity game download date has been decided. The Worldwide SHIB community can download and enjoy the game on October 6, 2022. It added that with this schedule Shiba Inu will be able to achieve many missions. First, it will announce the 30 second spot winner on October 1, 2022. While SHIB will release the entire lore of Shiba Eternity 1, 2022. However, it added that Shytoshi Kusama will be releasing the crucial updates over Shiba Eternity. This will include the details of how it will play a supporting role in the global SHIB community. Source @Doge_ShibaInu

Shiba Inu (SHIB) Payments Now Accepted by 3rd Largest US Furniture Retailer Shiba Inu (SHIB) can now be used to pay for furniture pieces at the third largest U.S. furniture retailer, Rooms To Go. The top American furniture retailer now accepts cryptocurrencies, as payment processor BitPay shared a screenshot of the store's payment options. Additionally, users can take advantage of a limited 7% cashback when shopping with cryptocurrencies. Rooms To Go, an American furniture store chain, was founded in September 1990 by Jeffrey and Morty Seaman when they sold Seaman Furniture Company. According to Furniture Today, Rooms To Go is the third largest furniture retailer in the U.S. with over 132 locations. Aside from Shiba Inu, BitPay supports Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC) and five USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP). Source @Doge_ShibaInu

Still Got Bags of DOGE, Waiting for Price to Go Parabolic: David Gokhshtein Founder of Gokhshtein Media, crypto enthusiast David Gokhshtein, stated that he still holds a lot of Dogecoin. He is waiting for the top meme coin to go parabolic.He has been supportive of DOGE since last year, saying that it allowed a lot of people to get into Bitcoin. Overall, Gokhshtein has been saying the same thing about other top canine coins Shiba Inu and Floki Inu. Recently, Gokhshtein has brought back up his love of XRP, the Ripple-affiliated token; from time to time he has been publishing tweets, praising XRP and saying that should Ripple beat the SEC regulator in the lawsuit that has been going on since 2020, not only would the fintech giant from San Francisco and XRP explode, but the entire crypto industry will go to a new level. On Sept. 28, Gokhshtein even confessed that he considers pressing the buy button for XRP to grab more of these tokens and increase the amount he was already holding. Source @Doge_ShibaInu

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Shiba Inu burn: Removal of millions of SHIB coins drives meme hype Shiba Inu (SHIB) lead developer Skytoshi Kusama has revealed “there will be burns” for the meme crypto coin. The SHIB lead developer also revealed that the burns are coming “from the game period” referring to SHIB Eternity, the SHIB strategy card game. Kusama sees the game as a potential enabler of SHIB burning. On 20 September, more than eight million SHIB tokens were burnt. The idea behind crypto burns is to increase the value of the token as its circulation supply declines. The tokens are then sent to a wallet address that cannot be used for transactions other than receiving the coins. According to CoinMarketCap, SHIB was trading up 3.46% at $0.0000109 earlier on 22 September 2022, though the coin has spent the past month on a downwards trend. Source @Doge_ShibaInu

Ethereum’s Buterin Seeks Dogecoin’s Switch to PoS as DOGE Becomes 2nd Largest PoW Coin Vitalik Buterin revealed the inclination while speaking at the Messari Mainnet Summit 2022 on September 23. Ryan Selkis, founder and CEO of Messari, sought more insight on how the CEO of the Electric Coin Company – the firm behind Zcash – Zooko Wilcox-O’Hearn, and Vitalik Buterin feel about the PoS system. Selkis asked Buterin if he thinks all crypto-assets should switch to a PoS consensus mechanism. In response, while Buterin highlighted that the transition would be ideal, he pointed out two assets in particular: Dogecoin and Zcash. Vitalik Buterin’s comments came when Dogecoin positioned itself as the second largest PoW asset by market capitalization following Ethereum’s transition to PoS. With a market cap of $8.43B as of press time, Dogecoin towers over some notable PoW. Source @Doge_ShibaInu

Shiba Inu’s BONE Becomes Most Used Smart Contract Amongst Ethereum Whales One of Shiba Inu ecosystem tokens, BONE, is currently trending among Ethereum whales who are using it for smart contracts. According to data from Whale Stats, BONE is the most used smart contract among the top 1000 Ethereum whales. The new interest can be linked to the sudden rise of the token’s value over the past week. BONE is one of the three major tokens in the Shiba Inu ecosystem. The token has a total supply of 250 million and serves as the governance token for the Shiba Inu ecosystem. However, only 230 million of the tokens will be circulated because the Shiba Inu community voted to cap BONE farming at 230 million minted tokens. This decision was to keep the remaining 20 million for Shibarium validators. Shib holders has steadily grown despite the market downturn. Source @Doge_ShibaInu

Ethereum's Vitalik Buterin 'Very Hopeful' Dogecoin Moves to Proof of Stake Now that the Ethereum merge is complete, Vitalik Buterin thinks other blockchains like Dogecoin and Zcash should follow suit. “As proof of stake matures, I expect it to just increase in legitimacy more and more over time,” Vitalik said over video chat at the Messari Mainnet conference on Friday. Ethereum executed its long-awaited merge event, moving its main network from the energy-intensive proof-of-work (PoW) model to the more energy-efficient proof-of-stake (PoS) model. The high-stakes event went smoothly, said Buterin, despite every test network merge experiencing “some kind of bug.”. At Mainnet, Buterin spoke with Messari CEO Ryan Selkis and the CEO of Electric Coin Company Zooko Wilcox-O’Hearn. Source @Doge_ShibaInu

Dogecoin Whales Scoop Up 620M DOGE in Anticipation of Price Breakout Dogecoin (DOGE) price has finally taken a turn towards gains as the $0.06 support maintains its stance, but can a true reversal take place. The global cryptocurrency market cap moved back above the $945 billion mark after a 3.34% increase over the last day. During this time, altcoins took the lead in terms of market gains. DOGE’s 4.5% gains on the daily chart weren’t massive compared to some of its altcoin peers, however, changes in certain long-term technicals and on-chain signals gave way to higher social anticipation among DOGE HODLers. The DOGE price has made lower lows on the daily chart since Sept. 13. Prior to that, the meme token managed to make occasional gains owing to the larger market’s short-term bullishness or high social anticipation. In the early trading hours of Sept. 23, DOGE recorded its first higher low after a long downtrend, hinting at a reversal from the $0.057 support level. Source @Doge_ShibaInu

Shiba Inu Price Readies for Rally After 410 Trillion SHIB Burned to Date Shiba Inu recently implemented a rigorous token burn campaign, leaving the SHIB army ecstatic but can it aid a price recovery from the lower support levels as hoped. Despite their bearish undertones, meme tokens often carve their niche in the crypto market by pushing gains and charting rallies. SHIB HODLers have been dreaming of price gains since Aug. 15, when the meme token saw close to 45% gains in just four days. Last week, after Shiba Inu’s pseudonymous founder and lead developer, Shytoshi Kusama, made the announcement of an aggressive token burn campaign investor eyes once again gleamed with the hopes of an incoming rally. Up until Sept. 22, more than 410 trillion SHIB have been burnt in total from the initial supply which accounts for over 41% of the maximum total supply to date. Source @Doge_ShibaInu

30% of Shiba Inu Holders Are Now Holding for Long-Term Reasons According to IntoTheBlock data, 30% of Shiba Inu holders are now holding for long-term reasons. This comes as Shiba Inu is recording more "hodlers" among its holder class. Per IntoTheBlock's holders' composition by time held, 30% of SHIB holders have held onto their tokens for more than a year, 67% have held within a year and 3% have held onto their tokens for less than a month. Shiba Inu has also seen the addition of new owners in recent weeks. Per WhaleStats data, the Shiba Inu holder count stands at 1,224,213. An increase in the number of holders suggests interest in an asset over the long term. At the time of publication, SHIB was changing hands at $0.00001083, marginally up in the last 24 hours. The SHIB price is garnering momentum for its next move, but the picture remains that of consolidation for now. Source @Doge_ShibaInu

Shiba Inu Game Launches on Play Store in Australia Shiba Eternity, Shiba Inu’s much-anticipated game, is now available for users on the PlayStore in Australia, according to a Monday announcement. As reported by U.Today, the game was originally launched for Apple’s App Store users in the country last week. On Sunday, lead developer Shytoshi Kusama confirmed that Australia was likely to be the last test location for the cryptocurrency. Prior to that, the game was successfully tested in Vietnam. As reported by U.Today, the game became a hit in the country, which prompted the developers to boost the capacity of servers fifty-fold. In December, Shiba Inu Games partnered with PlaySide Studios, Australia’s leading video game developer. Last month, Shiba Eternity was showcased at Gamescom, one of the world's largest gaming events. Source @Doge_ShibaInu

Shiba Inu Lead Developer Provides Important Update on SHIB Burning Mechanism In a series of tweets today, Shytoshi Kusama, a leading developer and probably the main representative of Shiba Inu in the media space, announced the coming of important events in the life of all ecosystem projects. In particular, the developer once again mentioned the game Shiba Eternity and burning in the same context, which may imply SHIB burning through in-game mechanics. Among other things, in his address to the community, the representative of Shiba Inu promised to give updates on Shibarium soon as well. So updates on the long-awaited Layer 2 solution, which will give application to all the tokens of the ecosystem, should be expected when the blockchain version is released.In any case, updates should be announced soon. Give us time and you will see for yourself, summed up the Shiba Inu representative. Source @Doge_ShibaInu

Dogecoin has crashed 75% against Bitcoin since Elon Musk's SNL appearance Dogecoin (DOGE) may be back in the top-ten cryptocurrency by market capitalization, but its loses in both USD and Bitcoin (BTC) terms since Elon Musk's SNL appearance are considerable. The DOGE/BTC trading pair has fallen 75% after peaking out at 1,287 satoshis on May 9, 2021, a day after Musk was a guest host on Saturday Night Live. Investors reflected hopes that even an optimistic wink from Musk on SNL toward DOGE would prompt his 106 million followers to buy the meme-token. But Musk did an unforeseeable thing: he called Dogecoin a "hustle.". One day later, DOGE's price began its decline from its all-time high. It continues its downtrend to this day, changing hands for about 300 satoshis versus its peak value of 1,287 satoshis. Simultaneously, the price of Dogecoin has crashed by more than 90% against the U.S. dollar after peaking out at $0.76 in May 2021. Source @Doge_ShibaInu

Dogecoin Now Second-Largest Proof-of-Work Coin After Ethereum Merge With the Ethereum merge now completed and the top blockchain for NFTs and decentralized applications switched to a proof-of-stake system, Dogecoin is now the second largest proof-of-work coin after Bitcoin by market cap. Dogecoin is currently the tenth-largest cryptocurrency, with a market capitalization of $7.95 billion. Dogecoin, like Bitcoin, is mined using proof of work, which means miners use computers, and a considerable amount of energy, to solve complex mathematical equations, validating transactions and receiving DOGE as a reward. Every day, miners extract roughly 14.4 million DOGE, according to crypto tracking platform Currency.com, adding to the coin’s 132.6 billion supply. Unlike Bitcoin, which has a limited supply of 21 millions that will ever exist, Dogecoin has no cap. Source @Doge_ShibaInu

Billions of SHIB Could Be Burned with This New App Shibburn Twitter account, which stands behind the same-name burn tracking website, has announced that it has launched a mobile phone app, which will make it easier to burn Shiba Inu tokens. The app has been rolled out for both Android and iOS platforms. The main app is also on track to be released. Shibburn tweeted that the app called Alexa Skill was created for Shibburn Radio. On Sept. 2, it introduced this additional project that is also engaged in burning Shiba Inu coins by sending them to dead addresses. Back in early September, Shibburn also stated in a tweet that a separate website would be launched for this project, and live DJs would be working with it in a studio. Back then, Shibburn Radio was 95% done. Source @Doge_ShibaInu