LIVESHIB price prediction: SHIB, a popular meme-coin, has experienced a notable decline in its value over the past day. Currently, the SHIB price trades at $0.00002364, marking a decrease of 4.84%. This recent dip reflects a broader trend in the day’s trading chart, which shows a significant drop from earlier highs.
The market capitalization of Shiba Inu has also fallen by 4.88%, settling at approximately $13.93 billion. Meanwhile, trading activity has surged, with a 68.21% increase in 24-hour trading volume, reaching $607.87 million. This fluctuation in trading volume against the market cap, which is about 4.36%, highlights the volatile nature of the meme-coin market.
SHIB Price Prediction: Can Shiba Inu Recover From The Dip?
Shiba Inu Coin has recently experienced varied market movements, with both upward and downward trends. Over the past seven days, the cryptocurrency’s price dipped by 1% amid today’s market downturn, indicating a phase of market equilibrium.
Over the past month, SHIB has been trading between $0.00002 and $0.000029. This range reveals a horizontal pattern with shrinking volatility, marking a decline of more than 15%.
SHIB Price Prediction: Will the Current Dip Signal a Future Rebound?
Shiba Inu Coin Price Prediction
Over the past 24 hours, most cryptocurrencies have seen a slight correction, with many tokens dipping slightly below their weekly highs. Bitcoin and Ethereum have similarly experienced modest declines, retreating from their recent peak levels.
Shibarium Network Update Fails to Boost SHIB Transactions
SHIB Layer 2 network, Shibarium, recently underwent a hard fork designed to enhance transaction speed and reduce fees. Despite these changes, the number of new transactions and active accounts has decreased. Even though this decline is persistent, the network upgrade was completed successfully, suggesting challenges in attracting sustained user engagement.
Shibarium successfully executed a hard fork at block height 4504576. Recent data from Shibarium shows a total of approximately 416 million transactions.
