The Shiba Inu (SHIB) coin has been showing a significant downtrend, especially in the short term, causing concerns among investors. Along with Dogecoin (DOGE), SHIB has also lost over 7% on a weekly basis, during a period when meme coins are experiencing a general pullback. Over the past 30 days, SHIBâs price has fallen by about 22%, which poses significant risks for investors.
Over the past week, a large-scale decline has been observed in the meme coin sector, and SHIB has not been immune. Both DOGE and SHIB have experienced significant losses on a weekly basis, with SHIB losing over 22% in value over the past month. This significant decline is worrying investors and points to potential long-term problems with the coinâs valuation.$DOGE
Beyond the sharp price declines, SHIBâs trading volume has also decreased significantly. In addition, IntoTheBlockâs on-chain data provides several critical indicators that point to further price declines in the short term. While the overall market sentiment is largely negative towards SHIB, only one out of six indicators paints a positive picture.
One of the most striking negative signals from IntoTheBlock was the decline in SHIBâs network growth. The tokenâs Net Network Growth indicator, which measures its underlying network expansion, showed a decrease of 0.19%. This calls into question Shiba Inuâs future growth prospects. Additionally, the percentage of profitable SHIB investors has decreased to just 45%, reflecting the overall market struggle.
Key trading metrics indicating whale activity have also declined. An 11% decrease in large transactions was observed in the last 24 hours, indicating a decrease in interest among major investors. This decrease in whale activity is considered a negative signal for overall market sentiment.
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My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
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So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.
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WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.
