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

为什么柴犬 (SHIB) 价格今天上涨？

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.

随着本周的重大进展，柴犬已恢复至 0.00002501 美元的水平。在过去 24 小时内，柴犬的市值达到 0.00002501 美元，较前一天的低点 0.00002266 美元上涨 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.

这一牛市让柴犬收复了本周的全部损失，本周业绩表现向好。 Shiba Inu 的交易价格为 0.00002501 美元，较周三低点 0.00002071 美元上涨了 20.76%，令人印象深刻。

BTC Whale Accumulation Effect

BTC鲸鱼积累效应

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日市场下跌后，投资者信心低迷。然而，5 月 3 日，比特币鲸鱼以平均价格 5.9 万美元的价格逢低买入 BTC，向市场投资了 2,802,500,000 美元，一天之内就积累了 47,500 个代币。这导致比特币价格飙升至 63,566 美元，重振了市场情绪。随着比特币价值仅回升 5%，像柴犬这样的模因币却获得了两位数的百分比涨幅。

Shiba Inu's Blockchain and Other Developments

柴犬的区块链和其他发展

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.

柴犬的区块链 Shibarium 已完成硬分叉升级，为社区带来更快速的交易和可预测的 Gas 费。此外，在 Binance Japan 上市 SHIB/JPY 货币对后，Shiba Inu 的全球价格上涨，允许日本加密货币爱好者用当地货币交易 SHIB。柴犬上市后不久，在交易所飙升超过 300% 至 0.00011 美元。 Kraken 等交易所也在其平台上为 SHIB 推出了新的保证金交易对。

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 交易所见证了鲸鱼大量购买 Shiba Inu 代币，单个鲸鱼堆积了 1.75 万亿美元的 SHIB 代币，价值超过 4000 万美元。由于加密支付处理器 MoonPay 和 PayPal 之间的合作，数百万美国居民也可以使用 PayPal 购买柴犬。

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.

根据链上分析，尽管价值较低，但拥有 733 万亿个 SHIB 代币的 65,000 多个 Shiba Inu 钱包地址仍在盈利。该代币上涨趋势的另一个原因是过去 24 小时内 Shiba Inu 的销毁率惊人地飙升了 1009%，有 2911 万个 SHIB 被销毁。这种增加的燃烧率旨在通过减少代币的供应来增强 SHIB 的经济方面。

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

这些重大进展促成了柴犬本周的大幅上涨趋势。