Avorak AI is making strides in the world of cryptocurrency by building core data sets for Dogecoin (DOGE) and Shiba Inu (SHIB). DOGE is a cryptocurrency that was created as a joke but quickly gained attention and now ranks among the top 10 cryptocurrencies by market cap. SHIB was launched in August 2020 and is named after the Shiba Inu dog breed, which is also the same breed on the Doge meme. Avorak AI's trading bot is collecting and organizing large amounts of data related to these cryptocurrencies to predict future price movements and inform acquisition and trading decisions. Other Avorak solutions include chatbots, virtual assistants, and video editors, and the AVRK token is used for accessing the AI services and serves other network functions.

Whale Alert has reported on a large transaction involving Shiba Inu (SHIB) and Dogecoin (DOGE) meme coins. The transaction involved a whale moving 20 trillion SHIB tokens worth $175 million and 3.4 billion DOGE tokens worth almost $250 million.

May has been a successful month for memecoins, with $PEPE reaching a market cap of over $1 billion. However, Dogecoin and Shiba Inu have not experienced the same level of success, with both seeing price drops. As a result, traders are looking for other investment options, such as Uwerx, which is expected to perform well during the memecoin season.

The price of Shiba Inu has been in a downward trend and has lost 2% of its value in the last 24 hours. The market for SHIB appears oversold, but there is still a possibility of a price recovery if buyers step in. There are bullish signals suggesting a potential breakout, but for SHIB to see positive momentum, a shift towards a more optimistic buying sentiment is necessary. At the time of writing, SHIB was priced at $0.000008, trading near its resistance level of $0.000009.

Shiba Inu (SHIB) is expected to experience another surge in value as new updates and use cases are anticipated on the mainnet. Despite the delayed launch of Shibarium, developers remain confident that the layer 2 network will eventually be introduced, opening up new possibilities for users.

Italian fashion designer John Richmond has caused a stir in the Shiba Inu community with a mysterious tweet featuring the word "WOOF," which is often used by Shiba Inu enthusiasts to express excitement about developments around the SHIB token. Many are speculating that Richmond may be hinting at a new collaboration with the community. Richmond has previously collaborated with Shiba Inu to introduce a collection of digital wearables for SHIB, and has a considerable presence in the crypto community, often including the hashtag #SHIB in his tweets. He also invited members of the SHIB army community to attend the launch of his new sporty-chic line, Richmond X, earlier this year.

Uwerx has become a strong competitor to coins like Shiba Inu and ArbDoge AI during its presale, with over 70 million tokens sold in just four weeks and 3,500 sign-ups recorded. The project offers investors the Uwerx Vault, a robust storage solution that functions like a staking mechanism, and is set to unveil the Alpha Version of its platform next week. Uwerx is a unique platform that empowers freelancers and clients alike, with affordable transaction fees and a commitment to transparency and user security. The project has also made adjustments to its allocation framework to ensure fairness and transparency for its community, making it a promising long-term investment opportunity. Meanwhile, Shiba Inu has shown significant growth and increased trade volume, and ArbDoge AI is pioneering the future of Arbitrum with innovative advancements, making both enticing investment opportunities.

Crypto markets are abuzz with the popularity of various tokens on Twitter, including the upcoming Tradecurve (TCRV) token, which is gaining attention among crypto enthusiasts.

Twitter's new CEO, Linda Yaccarino, has shown interest in cryptocurrency by following the official Shiba Inu and Dogecoin accounts on Twitter. This has led to speculation that she may have a specific interest in these meme coins. While awaiting formal statements from Yaccarino, it is important to note that Twitter has registered as a payment business and is working on features to allow users to make payments in fiat to receive virtual coins. However, Twitter's decision to adopt a particular cryptocurrency as a native token will involve various factors, including technical considerations, regulatory compliance, and strategic planning.

Shiba Inu has surpassed Pepe and Bitcoin to claim the top spot in LunarCrush's "Top 10 Trending Searches" list. LunarCrush, a social intelligence platform, released the list to showcase the hottest topics that have captured the online community's attention in the past 24 hours.

LunarCrush, a financial social media analytics platform, has named Shiba Inu as the "Coin of the Day" for its impressive market performance and social engagement. Shiba Inu achieved a Galaxy Score of 45% and a position of 434 on LunarCrush's AltRank out of 4,389 mainstream assets evaluated in the past 24 hours.

Dogecoin (DOGE) has been a hot topic in the cryptocurrency world this year, thanks to the involvement of high-profile figures like Elon Musk and Mark Cuban. Despite a recent decline, there is a chance that Dogecoin's local bottom has occurred, as it was working to print a hammer candlestick on Friday.

Binance.US has launched a new feature called Crypto Box, which allows users to gift a variety of cryptocurrencies, including popular canine-themed digital assets like Shiba Inu, Floki Inu, and Dogecoin, to their loved ones without incurring transaction fees. This move is part of Binance.US's efforts to cater to Shiba Inu investors, which also includes the recent introduction of a dollar-cost averaging feature for SHIB. Additionally, LunarCrush has added support for Shiba Inu on its trading platform, while Nuxgame has partnered with CoinPayments to accept payments in SHIB. Bybit has also launched a giveaway campaign for Shiba Inu, offering users the chance to win a share of a $20K USDT prize pool by trading SHIB on the platform.

The Shiba Inu (SHIB) community is concerned about the significant drop in token burn rate by 70% in the past week. This decline has raised questions about its relation to the recent surge in Ethereum gas fees, which have reached a 12-month high of 87 gwei before dropping to an average of 80 gwei. As a result, SHIB token burns have decreased due to the rising costs associated with using the Ethereum network. This has impacted the cryptocurrency market, particularly ERC20 tokens like SHIB. If the fees decrease, there may be a resurgence in SHIB token burns.

Shannon Bray, a North Carolina gubernatorial candidate and technology entrepreneur, has expressed his bullishness on Shiba Inu (SHIB) and believes that buying it when it is under five zeros is a great purchase decision. Despite recent market-wide downturns, Bray sees SHIB's current position as an attractive buy opportunity and is confident that it will rise again when Ether (ETH) stages a run. Bray has previously expressed his advocacy for SHIB, regularly purchasing it on a daily basis and converting his paychecks to SHIB. Other public figures, including rapper Ice-T and BTC investor DaVinci Jeremie, have also expressed support for the asset.

Investing $900 in Shiba Inu today could potentially result in a $1 million return if the token reaches the $0.01 mark. While the current price of Shiba Inu has caused concern for some investors, others are accumulating the token in hopes of a future rally. At the current price of $0.00000887, a $900 investment would yield 101,465,614 units of SHIB tokens. While there is no guarantee that Shiba Inu will reach $0.01, the team behind the token is working on Shibarium, a layer-2 scaling solution that may increase the token's value. The upcoming burn portal on Shibarium is expected to further increase the token's price.

Despite being in a bear market, the Shiba Inu community is determined to achieve its goal of a $0.001 price point for the asset, which would represent an 11,173% increase from its current price. However, this goal is contingent on two catalysts: token burns and ecosystem utility. Token burns can help reduce the asset's supply and increase its value, while ecosystem utility can attract demand and adoption. Projects like Shibarium and SHIB: The Metaverse could potentially provide the necessary catalysts to achieve this goal, but it remains a difficult task. Nonetheless, the asset has already seen significant growth in the past, supported by a 410 trillion token burn, so an 11,275% increase is not impossible.

Bone ShibaSwap (BONE), the governance token of Shiba Inu, is set to be listed on Tarmex, a prominent US-based cryptocurrency exchange. Tarmex recently conducted a poll on Twitter to determine the next asset to be listed on the platform, with BONE, ELON, BabyDoge, and AIDOGE as the options.

The Shiba Inu development team has announced that Tangem, a Swiss-based cryptocurrency hardware wallet, is reportedly creating a unique cold wallet for Shiba Inu (SHIB). The wallet will reportedly support over 6,000 currencies, including cryptos and fiat, and give users quick access to DeFi, NFTs, DEXs, and more. However, Tangem has not officially confirmed the development yet. The official Tangem hardware wallet already supports SHIB alongside other crypto assets.

CoinMENA, a Sharia-compliant digital assets platform, has hinted at its next potential listing in a recent tweet. The platform dropped a cryptic clue, stating that it would add support for a canine-themed cryptocurrency that Elon Musk doesn't tweet about. This has sparked speculation that Shiba Inu might be the next digital asset featured on CoinMENA's platform.