Shiba Inu Coin (SHIB) Frenzy: Will the Next Moment Bring a Price Shock?
Recently, Shiba Inu Coin (SHIB) was included in the payment system of a real estate company in Dubai, which is an encouraging piece of news. It means that SHIB has made significant progress as a universal payment method, with the potential to break free from its status as merely a meme coin and move towards broader application scenarios.
However, its market performance remains weak and has not met the expected enthusiasm from investors. Despite achieving a record high in adoption, it has not yet sparked a positive trend in the market. The future direction remains to be observed, and market participants are closely watching whether it can break through the current predicament to achieve a dual breakthrough in price and application.
Despite the news of SHIB's adoption, in the past 24 hours, the price of this meme token has decreased by 5.84%, dropping to $0.00002061 at the time of writing. The market capitalization of the token reached $12.14 billion, while its 24-hour trading volume increased by 20.31% to $478.26 million. Due to a buyer bias in trading activity, this unexpectedly increased downward pressure on the token's price.
