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Shiba Inu is now more than an underdog. With Shiba Inu’s $3.8B market cap, many traders now look for higher growth potential in newer, high-upside tokens. The project matured into one of crypto’s biggest meme ecosystems, built its own Layer-2 network, and secured a loyal community that still keeps SHIB
Read full articleA huge shake-up is expected in the meme coin market as investors shift funds from older meme coins, such as Doge and Shiba Inu, to newer meme coins with high-growth ecosystems, significant upside, and momentum that can outperform these older assets. Despite having peaked, DOGE and SHIB still have major
As the XRP current price continues to trade within a narrow range, with price action compressed around key resistance levels, the market waits for stronger direction. Shiba Inu price prediction has also softened, with reduced trading activity and fading momentum compared to earlier retail-driven spikes. Both assets still attract attention, but movement has clearly slowed. […] The post BlockDAG Sparks Rare 400x Potential Window as Buyback Phase Nears Launch, While XRP & Shiba Inu Struggle at Key Levels appeared first on Live Bitcoin News.
Open interest in Shiba Inu climbed 2.1% over the past 24 hours even as spot trading volume fell 18%, sending conflicting signals about where the token is headed next. Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment What The Chart Is Showing SHIB is currently trading around $0.0000056, near its historic lows, after dropping 10% in the past seven days. That decline brought the token back down to a key support zone around $0.0000055 — a level that has cushioned price drops since the coin’s early days in 2021. Despite repeated tests, sellers have not managed to push the price into a sustained breakdown below that area. The broader chart structure is a contracting descending triangle that has kept a lid on SHIB since its 2021 peak. Each time the token tried to recover, it ran into the triangle’s falling upper resistance line and got turned back. That pattern has been in place for years, and it remains the dominant force on the weekly chart. A Wave Patt
SHIB futures netflow plunged 306% as outflows exceeded inflows, according to CoinGlass derivatives data. CoinGlass tracked SHIB futures netflow dropping 306%, with the total value of SHIB leaving derivatives exchange wallets outpacing inflows. The metric tracks movement of tokens in…
The post Adam Back Says Altcoins and Meme Coins May Head to Zero appeared on BitcoinEthereumNews.com. Back argued that many alternative cryptocurrencies still lack sustainable long-term value and suggested that speculative assets driven mainly by hype could struggle as market conditions tighten. His comments also touched on his concerns surrounding meme coins like Dogecoin, Shiba Inu, and Pepe, which still maintain strong trading activity despite questions about their long-term value and durability. Bitcoin Dominance Is Crushing Altcoins Blockstream CEO Adam Back once again criticized altcoins and meme coins, and argued that the crypto market may finally be moving toward what he believes is a more realistic valuation of these assets. In a recent post on X, Back stated that he expected the efficient market hypothesis to eventually drive many altcoins toward “$0,” and added that he first made this prediction about a decade ago. According to him, it has simply taken longer than expected
The post Shiba Inu Tokens Shift to Private Wallets as Confidence Drops appeared on BitcoinEthereumNews.com. Recent blockchain data reveals a significant migration of Shiba Inu (SHIB) tokens off major exchanges, marking a notable change in investor behavior. According to numbers shared by CryptoQuant, around 490 billion SHIB have been transferred to personal wallets, suggesting a shift towards long-term holding strategies and away from immediate sale potential. Continue Reading:Shiba Inu Tokens Shift to Private Wallets as Confidence Drops Source: https://en.bitcoinhaber.net/shiba-inu-tokens-shift-to-private-wallets-as-confidence-drops
The post Shiba Inu (SHIB) Outflows Spike Violently as Traders Rush to Self-Custody appeared on BitcoinEthereumNews.com. On-chain metrics show a sharp increase in exchange outflows, suggesting that large holders may be aggressively removing tokens from trading platforms, even as SHIB price action continues to drift lower inside a larger downtrend. Shiba Inu exchange flows flip According to data from CryptoQuant’s trending metrics, SHIB exchange outflows have increased significantly, with a total outflow volume of almost 490 billion SHIB. Concurrently, exchange reserves keep dropping, indicating that tokens are gradually moving away from centralized platforms rather than getting ready for an instant sale. SHIB/USDT Chart by TradingView This is significant because self-custody behavior is typically indicated by exchange outflows. Short-term selling pressure is usually lessened when traders transfer assets from exchanges to private wallets. The reasoning is straightforward: coins transferr
An objective overview of Shiba Inu (SHIB): what it is, how the token works, ecosystem components, and key risks to consider. The post Shiba Inu Token Explained: Purpose, Mechanics, Risks appeared first on BiteMyCoin.
