Why is The Shiba Inu (SHIB) Price Is Up Today?

為什麼柴犬 (SHIB) 價格今天會上漲？

With significant developments this week, Shiba Inu has reclaimed its $0.00002501 level. In the last 24 hours, Shiba Inu's market value reached $0.00002501, a 9.4% uptick from the previous day's low of $0.00002266.

隨著本週的重大進展，柴犬已恢復至 0.00002501 美元的水平。在過去 24 小時內，柴犬的市值達到 0.00002501 美元，較前一天的低點 0.00002266 美元上漲 9.4%。

This bullish market has allowed Shiba Inu to recover all the losses incurred this week, resulting in a positive week's performance. Trading at $0.00002501, Shiba Inu has recorded an impressive 20.76% gain from the Wednesday low of $0.00002071.

這一多頭市場讓柴犬收復了本週的全部損失，本週業績表現向好。 Shiba Inu 的交易價格為 0.00002501 美元，較週三低點 0.00002071 美元上漲了 20.76%，令人印象深刻。

BTC Whale Accumulation Effect

BTC鯨魚累積效應

After the market dip on May 1st, investors' confidence was low. However, on May 3rd, Bitcoin whales invested $2,802,500,000 into the market by buying the BTC dip at an average price of $59K, amassing 47,500 tokens in one day. This led to a spike in the Bitcoin price to $63,566, reviving market sentiments. As Bitcoin recovers by just 5% in value, meme coins like Shiba Inu are enjoying double-digit percentage gains.

5月1日市場下跌後，投資人信心低迷。然而，5 月 3 日，比特幣鯨魚以平均價格 5.9 萬美元的價格逢低買入 BTC，向市場投資了 2,802,500,000 美元，一天之內就累積了 47,500 個代幣。這導致比特幣價格飆升至 63,566 美元，重振了市場情緒。隨著比特幣價值僅回升 5%，像柴犬這樣的迷因幣卻獲得了兩位數的百分比漲幅。

Shiba Inu's Blockchain and Other Developments

柴犬的區塊鏈和其他發展

Shiba Inu's blockchain, Shibarium, has completed its hard fork upgrade, bringing more rapid transactions and predictable gas fees to the community. Additionally, Shiba Inu's global price lit up following Binance Japan's listing of the SHIB/JPY pair, allowing Japanese crypto enthusiasts to trade SHIB with their local currency. Shiba Inu soared by over 300% to $0.00011 on the exchange shortly after being listed. Exchanges like Kraken have also introduced new margin trading pairs for SHIB on their platform.

柴犬的區塊鏈 Shibarium 已完成硬分叉升級，為社區帶來更快速的交易和可預測的 Gas 費。此外，在 Binance Japan 上市 SHIB/JPY 貨幣對後，Shiba Inu 的全球價格上漲，讓日本加密貨幣愛好者以當地貨幣交易 SHIB。柴犬上市後不久，在交易所飆升超過 300% 至 0.00011 美元。 Kraken 等交易所也在其平台上為 SHIB 推出了新的保證金交易對。

The Robinhood exchange saw a large Shiba Inu token purchase by whales, with a single whale stacking 1.75 trillion $SHIB tokens worth more than $40 million. Shiba Inu purchases have also become available to millions of U.S. residents using PayPal, thanks to a partnership between crypto payment processor MoonPay and PayPal.

Robinhood 交易所見證了鯨魚大量購買 Shiba Inu 代幣，單一鯨魚堆積了 1.75 兆美元的 SHIB 代幣，價值超過 4000 萬美元。由於加密支付處理器 MoonPay 和 PayPal 之間的合作，數百萬美國居民也可以使用 PayPal 購買柴犬。

According to On-Chain analytics, more than 65,000 Shiba Inu wallet addresses with 733 trillion SHIB tokens are in profit despite the low value. Another reason for the token's upward trend is a staggering 1009% surge in Shiba Inu's burn rate over the past 24 hours, with 29.11 million SHIB being destroyed. This increased burn rate aims to enhance SHIB's economic aspects by reducing the token's supply.

根據鏈上分析，儘管價值較低，但擁有 733 兆個 SHIB 代幣的 65,000 多個 Shiba Inu 錢包地址仍在盈利。該代幣上漲趨勢的另一個原因是過去 24 小時內 Shiba Inu 的銷毀率驚人地飆升了 1009%，有 2,911 萬個 SHIB 被銷毀。這種增加的燃燒率旨在透過減少代幣的供應來增強 SHIB 的經濟方面。

These significant developments have contributed to Shiba Inu's massive uptrend over the week.

這些重大進展促成了柴犬本週的大幅上漲趨勢。