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The Shiba Inu (SHIB) team is optimistic about the possibility of SHIB being included in the proposed U.S. strategic crypto reserve, following former President Donald Trump's proposal to integrate BTC, ETH, SOL, ADA and XRP.

Dog-themed Shiba Inu (SHIB) has registered a significant 3% increase in price within the last 24 hours. This has seen the meme coin trade at $0.00001339 at the time of this writing, according to data from CoinMarketCap.

Shiba Inu's large transaction volume has spiked massively in four days, providing a bullish outlook for the second-largest meme coin by market cap. This development indicates that SHIB whales are back, which is a positive for the Shiba Inu price.

The crypto market experienced a slight recovery over the past 24 hours, with traders eyeing a potential rally. Anticipation is growing ahead of former U.S. President Donald Trump's crypto summit scheduled for March 7.

Shiba Inu (SHIB) price is trending lower as it approaches the bottom of the chart. The decline has now reached a low of $0.00001224.

Things are not looking good for the Shiba Inu token (SHIB) lately, judging by the price chart of the popular meme cryptocurrency. Losing nearly 55% since December, the Shiba Inu token is currently trading near its yearly lows, and it seems that even when the market goes fully positive, like last Sunday for example, there is some force that does not let SHIB off the hook.

Fartcoin (CRYPTO: FARTCOIN), one of Solana's (CRYPTO: SOL) leading meme coins, is making waves with a 16% single-day gain. As excitement builds for the upcoming crypto summit, traders speculate that the meme coin market could see another explosive run.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 764% surge in large holder netflows, sparking speculation that whales may be making a comeback.

Shiba Inu price saw a massive price increase in 2021 when Vitalik Buterin burned 410 trillion SHIB tokens sent to him by developers. This burn process led to SHIB erasing three zeros from its price within a short time.

Shiba Inu saw a minor price increase, which raises recovery expectations, but a closer look at the chart shows there is not much of a foundation for a full-blown bullish retrace. SHIB's longer-term future does not look as bright as one would like to see.

The Shiba Inu (SHIB 1.83%) cryptocurrency could have turned an investment of just $1 into over $1 million between Jan. 1, 2021, and Oct. 28, 2021. That's right -- after opening at a price of $0.00000000008 per token that year, it soared by more than 100,000,000% to a record high of $0.000086 in just 10 months.

Market reactions will determine if burns can stabilize SHIB's price or if further action is required.

Shiba Inu (SHIB) bulls are nervously prodding the price higher early on Thursday as traders await Friday's highly anticipated White House crypto summit that could reveal the launch of a US strategic Bitcoin reserve. The post Shiba Inu Stuck In a Downtrend – SHIB Price Collapse Coming? appeared first on Cryptonews.

Over the past year, Bitcoin has remained one of the few stable forces in the crypto market, marking significant growth. In contrast, many altcoins, including Shiba Inu (SHIB), have struggled to maintain momentum.

Trading volume for Shiba Inu is rising significantly, but the conditions surrounding this upswing are not encouraging. Although a spike in volume frequently indicates increasing momentum and interest, the fact that it appears during a downtrend should be interpreted differently.

Shiba Inu (SHIB) price a popular meme-based coin, holds above the $0.000013 support level. The price has seen slight gains in the past 24 hours as market sentiment improves.

The Shiba Inu futures' open interest has been in the spotlight in the past 24 hours as the broader market momentum shifted positively. Per data from CoinGlass, open interest has jumped by over 6% in 24 hours.

Few things have been stable on the cryptocurrency market over the past 12 months, except for the rise of Bitcoin. If you compare the prices then and now, only the main cryptocurrency has shown any significant growth over this period.

Pi Network's subscribers base on X may soon exceed Dogecoin's (DOGE).

Shiba Inu (CRYPTO: SHIB) is benefiting from renewed optimism in crypto markets, but technical analysis suggests caution despite rising burn rates. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001324 $7.8 billion +5.4% -6.7% Dogecoin (CRYPTO: DOGE) $0.2019 $29.9 billion +6.6% -2.3% Pepe (CRYPTO: PEPE) $0.057123 $2.9 billion +6.4% -12.4% Trader Notes: According to TradingView's technical analysis, SHIB's Relative Strength Index (RSI) sits at 38.5, indicating oversold conditions.

The Shiba Inu (SHIB) community has again shown its dedication to lowering the token's overall supply. According to Shibburn data, 39,185,585 SHIB tokens were burned in the last 24 hours, resulting in a staggering 5,440.85% surge in the daily burn rate.

The combined digital currency ecosystem has pared off its losses from the past week after a swift rebound pushed Bitcoin (BTC) and altcoins like Shiba Inu (SHIB) to a new monthly high. Shiba Inu, in particular, has recovered from its worst sell-off earlier in the week and is now changing hands for $0.00001309, up by 3.33% in the past 24 hours, per data from CoinMarketCap.

Shibburn, a leading on-chain data tracker for Shiba Inu (SHIB), reported a massive burn transaction that removed 20 million SHIB from circulation. This transaction, carried out by an anonymous whale, contributed to todays total burn of 20,794,281 SHIB, marking a 34.24% increase in the daily burn rate.

Shiba Inus marketing lead, Lucie, addressed the SHIB community amid the latest crypto market downturn, advising holders to focus on building strong connections rather than reacting to negative sentiment. She noted that despite numerous project announcements, the current bearish trend is dragging prices down across the board.