Shiba Inu News: Shiba Inu's Price Plunged by 20%

Explore the ups and downs of Shiba Inu Coin amidst global market uncertainties and discover if it's the right time to invest in this meme cryptocurrency.

In today's article, we take a closer look at Shiba Inu Coin, a popular meme cryptocurrency, and how it's handling the recent upheavals in the crypto world.

Recent Struggles for Shiba Inu

It's been a tough week for cryptocurrencies, and Shiba Inu has felt the brunt of it. As fears grow globally due to increased tensions in the Middle East, investors are pulling back from riskier investments, including meme coins like Shiba Inu. This has led to a notable drop in its price, with Shiba Inu falling over 10% in just a few hours.

What's Causing the Dip?

The whole crypto market is seeing red, but meme coins are particularly hard hit. News that Iranian drones were headed towards Israel caused panic across the markets. As a result, Shiba Inu and its peers saw some of the largest declines.

A Closer Look at Shiba Inu's Performance

Shiba Inu has struggled this month. In the last 24 hours alone, it's down by about 20%, reflecting a broader trend that's affecting all digital currencies. But it's not just external events that are causing prices to fall. The excitement and chatter that usually drive up prices for coins like Shiba Inu have quieted down, adding to the downward pressure.

The Big Burn

In an interesting turn of events, the Shiba Inu community has taken a bold step to try and stabilize the coin's price. They've burned a staggering 657 million SHIB tokens. "Burning" in the crypto world means these tokens are permanently removed from circulation, which can help increase scarcity and potentially drive up the price. This massive burn is one of the largest Shiba Inu has seen and signals a proactive move by its community during these unstable times

#BinanceLaunchpool #shibatrend #shib $SHIB

Shiba Inu's Layer-2 blockchain, Shibarium, sees a dive in transactions by 97% over a month. Despite the plunge, SHIB price remains steady, up 10% in a month and analysts are still bullish. However, trading volume is down and short-term interest might be waning. SHIB might experience short-term fluctuations with a slight downward bias due to the inconsistency. Watch for price movements to confirm the trend.
#Shibainu #shibatrend #SHİB $SHIB #ShibariumRevolution

I don’t see the hype in #Shibalnu #shibatrend #ShibaAwakening $SHIB

📌𝗕𝗜𝗚 𝗚𝗜𝗙𝗧 𝗙𝗢𝗥 𝗬𝗢𝗨 𝗖𝗹𝗶𝗰𝗸 𝗧𝘄𝗼 𝗠𝘆 𝗣𝗶𝗻𝗻𝗲𝗱 𝗣𝗼𝘀𝘁𝘀 𝗔𝗻𝗱 𝗚𝗲𝘁 𝗥𝗲𝘄𝗮𝗿𝗱 𝗨𝗽𝗧𝗼 10$ USD💰🎁

SHIB Coin Analysis: 2021 - 2030 (Facts & Numbers)

Launch (August 2020): SHIB launched with a near-zero price point.

Meme Mania (Early 2021):
Fueled by social media hype and celebrity endorsements (Elon Musk), SHIB reached its all-time high of $0.00008616 in October 2021, a staggering increase of over 100,000,000%.

Market Correction (Late 2021 - Present):
The broader crypto market correction dragged SHIB down significantly. As of April 2024, SHIB sits around $0.000012, a decrease of over 86% from its all-time high.

Tokenomics:
SHIB has a massive initial supply of 1 quadrillion tokens. However, burning initiatives by the community have reduced the circulating supply by a few percentage points.

Community:
SHIB boasts a large and passionate online community known as the "SHIB Army." Their dedication is evident in burning initiatives and online support.

Shibarium (Future):
The upcoming launch of Shibarium, SHIB's layer-2 blockchain, is a significant development. It promises faster transactions, lower fees, and potentially opens doors for wider adoption.

2030 Prediction (Uncertain):
Predicting the future of any cryptocurrency is inherently difficult. However, factors like Shibarium's success, community growth, potential metaverse integration, and overall crypto market trends could influence SHIB's price.

Key Considerations:

• SHIB's massive initial supply creates a significant hurdle for reaching $1 (or even $0.01) in the near future.
• The success of Shibarium and broader crypto market adoption are crucial for long-term price increases.

Remember:
This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before investing in any cryptocurrency.

$SHIB  #ShibetoshiWisdom  #shibatrend  #ShibaAwakening

$SHIB will soon do straight to $1.00$SHIB #shibatrend

This is official shib inu new, what you say about this ?? 🥴👁️#Shibalnu $SOL #shibatrend #SHIBDreams $BTC $ETH

Opportunity knocks with every dip. $SHIB showing resilience in the face of market fluctuations.

#SHİB #shibatrend

Don't panic sell! Keep your cool and stay focused on the long-term potential of $SHIB .

#HODL #SHIB #shibatrend

Whale Alert! Big Money Swims Back into Shiba Inu

Shiba Inu, the dogecoin pup that took the crypto world by storm, is wagging its tail again. After a lull in big money moves, whale activity has surged by a whopping 61%! This means big investors, known as whales, are splashing back into SHIB.

Here's the twist: this jump comes even as the overall crypto market is feeling a bit ruff. Major coins are down, but that hasn't scared away these whale investors. Some folks think these big players might be using this dip as a buying opportunity, snapping up SHIB at a discount.

This whale frenzy coincides with some other good news for SHIB. The pup recently secured $12 million in funding, hinting at bigger things to come. Investors are now waiting to see if the whales' return will lead Shiba Inu to new heights, or if it's just a playful dip in the pool.

follow for more...

#SHİB #Shibalnu #Memecoins #shibatrend

Shiba Inu has hit a turning point. After climbing toward the 50 EMA, SHIB has faced a dramatic reversal at the 50-day EMA. This pivot away from the 50 EMA suggests that SHIB's momentum is cooling off, coinciding with a broader trend of diminishing power on the cryptocurrency market.

The reversal comes amid neutral trading volume, implying a lack of commitment from traders to push SHIB's price in either direction. The market's hesitation is also reflected in the RSI, sitting at a middle-ground value of 50, which typically indicates neither an overbought nor an oversold condition. RSI somewhat mirrors the market's current indecision.

SHIBUSDT
Chart by TradingView

SHIB's inability to secure a breakthrough above the 50 EMA reflects the current state of the market, which lacks buying power across different assets. The support level at $0.000021 stands as SHIB's immediate floor. A breach below this line could signal a further decline, with potential support at the lower boundary of the trading channel near the $0.000012 mark.

If SHIB manages to rally back and conquer the 50 EMA, it would open the possibility of targeting higher resistance levels. The first zone of contention would be the recent high around the $0.00003 range. However, SHIB's journey upward may not be smooth, as it will require significant market participation and a change in sentiment to fuel such a rise.

SHIB's next moves hinge on whether it can find the strength to bounce back from its current levels or if the market's pause is a prelude to a deeper retracement. We should keep on tracking the support at $0.000021 and the reversal from it.

There is a high chance of a strong and fast bullish retracement, and signing SHIB off has proven to be imprudent decision

#SHİB #shibatrend