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Recent data shows a 730 million XRP outflow from the network's payment volume, which has greatly hampered XRP's price recovery. The asset's capacity to sustain upward momentum is called into question by this drop in transactional activity, which indicates waning investor confidence.
Crypto is at a crossroads. Bitcoin (BTC) has dominated price action in recent days thanks to institutional investment and enormous Spot Bitcoin ETF inflows. As Bitcoin hogs the limelight, smart investors are looking in the opposite direction towards high-growth altcoins for the next big market move.
Dog-themed cryptocurrency Shiba Inu (SHIB) is currently grappling to maintain its position among the top 20 cryptocurrencies. A combination of factors, including broader market sentiment, has placed SHIB at a critical juncture, where a further drop in value could cause it to exit the top 20 cryptocurrencies by market capitalization.
Leading meme coin Shiba Inu has shed almost 10% of its value over the past week. As of this writing, SHIB trades at $0.0000125.
Once again, Shiba Inu is gaining momentum as the asset tries to break through the crucial resistance level of $0.000013. With a significant rise in trading volume and a string of higher lows developing on the chart, SHIB has demonstrated signs of recovery after a protracted period of consolidation and downward pressure.
"Shiba Inu has huge potential, but Shibarium could be the key to its future," the analyst claimed.
Shiba Inu (SHIB) price has been struggling near key support after recent market corrections. The token has been trading below a critical level, reflecting ongoing volatility.
SHIB signals a breakout as key indicators align, with surging burn rates and strong support levels fueling bullish momentum.
Dogecoin and Shiba Inu prices have been recovering since their significant declines at the end of February. This recovery trend has been sparked by macro factors, which provide a bullish outlook for the foremost meme coins in the long term.
The Shiba Inu (SHIB) community is ramping up efforts to advocate for a SHIB-focused exchange-traded fund (ETF), calling on major asset management firms like BlackRock and Grayscale Investments to take action.
Shiba Inu price has been in a strong downward momentum after peaking at $0.0000329 in December last year. Shiba Inu (SHIB) has dropped by 61% and crashed to its lowest level since September 5, 2024.
An early Bitcoin advocate who urged traders to buy BTC at only $1 has now predicted that the Shiba Inu price will go to the moon. According to the analyst, the Shibarium layer 2 network would be the main catalyst behind these massive gains.
XRP price has pulled back in the past few days, and is at risk of further downside after forming a head and shoulders pattern on the daily chart. Ripple was trading at $2.3515 on Saturday, down by over 30% from its highest level this year.
A massive 15,566,450 SHIB transaction has recently caught the attention of the Shiba Inu community. The uniqueness of the transaction is the destination wallet, which points to burning.
Data shared by the popular Shibburn wallet tracker has revealed that the Shiba Inu community has made substantial progress in disposing of meme coins during the past day.
Shiba Inu burn rate again witnessed a 3200% upsurge on Saturday, sparking market optimism despite the broader market volatility. Recent burn metrics indicated that roughly 30 million coins were removed from the crypto's circulating supply.
The highly anticipated $100,000 price target appears to be getting farther away as Bitcoin has been finding it difficult to sustain its bullish momentum. With a discernible drop in trading volume indicating that the market's activity is dropping, the asset is currently having difficulty recovering the $90,000 mark.
Ali Martinez explained why "a rally toward $0.000020 could be in play."
The developers of Agent Shiboshi, a blockchain-based game built on the Shiba Inu network, have introduced a new 1v1 duel format, which could drive increased demand for SHIB.
ZacroTribe is the first decentralized news portal dedicated to crypto and financial markets. It provides exclusive, verified news from trusted journalists, offering AI-driven analytics, airdrop aggregators, and governance features through the ZACRO token.
Shiba Inu price has crashed by 60% from its November highs. This plunge has coincided with the price action of other meme coins.
Ranked #22, Shiba Inu's $2 billion market cap crunch takes a toll on rebound efforts - are whales coming to the rescue?
A seven-day high of 4.68 trillion SHIB was recorded, reflecting an unexpected spike in transaction volume on the Shiba Inu market. This notable increase begs the questions of who is responsible for the enormous movement and what it means for the future of SHIB's price.
Shiba Inu (SHIB) has seen increased attention due to its potential for a significant price breakout. After its breakout in late 2022 and early 2023, the token has maintained a positive outlook.
