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Major news just broke out regarding the U.S. wing of the world's largest cryptocurrency exchange, Binance. In the last couple of years, the activity of Binance US, and the black-and-yellow exchange broadly, has been significantly shredded due to regulation and law enforcement implemented by the previous SEC administration.
A new study sheds light on the common phenomenon of cryptocurrency tokens experiencing sharp price declines after achieving all-time highs. The research identifies key factors contributing to both the rise and subsequent fall of popular digital assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE).
Shiba Inu Price faces mounting pressure as market corrections continue to impact its performance. The popular meme-based coin has experienced volatility over the past month.
Despite the lack of action on the cryptocurrency market lately, there is still a lot going on behind the scenes of the price charts, especially in the on-chain realm.
The pseudonymous marketing lead of the Shiba Inu team, famous on social media as Lucie, has taken to the X network (formerly popular as Twitter), to issue a crucial message to the SHIB army and assure them that SHIB and all other Shibarium tokens are likely to have a bright future.
Open interest in meme coin futures has significantly decreased as prices have dropped, sparking a debate about the sector's future. What Happened: In a post on X on Feb 19, Glassnode data shows the decrease, with Dogecoin (CRYPTO: DOGE) open interest down by 58.45%, falling from $3.58 billion on Dec. 9, 2024 to $1.49 billion recently.
The meme coins have noted massive volatile trading lately amid a broader crypto market downturn. Notably, top players in the segment like DOGE, PEPE, SHIB, FLOKI, and others have also gone through a topsy-turvy lately, sparking market concerns.
Shiba Inu, once a leading meme coin, is currently facing a prolonged downtrend. The price has continued to struggle with recovery, and the lack of upward momentum is causing concern among both current holders and potential investors.
Prominent blockchain tracker Shibburn has revealed an impressive rise shown by the SHIB burn rate over the last day. A large amount of meme coins were burned to reached it.
Shiba Inu has finally reached a level that might become a foundation for a proper price reversal. Following the death cross, the price action suggests that SHIB could be around the bottom.
Shiba Inu (CRYPTO: SHIB) has exhibited a lackluster price action over the last month, but a few crucial technical indicators tied to the dog-themed cryptocurrency signaled a rebound. What happened: The world's second-largest meme coin by market capitalization was in the middle of a corrective phase, falling over 3% over the week and around 25% in a month.
Shiba Inu started 2021 at just $0.0000000001; SHIB surged to an all-time high of $0.00008845 by October 2021. This marked an astonishing 52,500,000% increase. Those who spent $1,000 in SHIB at the beginning of 2021 would have been able to buy around 5.9 billion tokens.
Shiba Inu (SHIB) hasn't returned to normal after weeks of losses. Despite intermittent rallies, the asset is under selling pressure, and technical signs suggest a likely further decline. Does SHIB plan to correct or reverse? Analysts say three major caution signs indicate that it is not currently a good buy.
The U.S. SEC has officially acknowledged Grayscales application to convert its XRP Trust into an ETF, marking a significant milestone despite not guaranteeing approval. ETF analyst Nate Geraci called the move an enormous message, as the SEC continues its legal battle with Ripple, recently filing an appeal in the ongoing case.
Solana has just seen its biggest price drop in three years, falling 45% from its most recent high. Due to intense selling pressure, the asset — which was among the best performers during the previous bull cycle — is currently causing investors to worry about its short-term future.
Despite a 30.4% decline in Shiba Inu's (CRYPTO: SHIB) price over the past month, the community continues its burn mechanism to reduce supply. However, the latest burn rate remains weak, signaling a limited impact on price momentum.
SHIB's price has declined by more than 25% on a 30-day scale.
Shiba Inu price remains under bearish pressure amid lackluster performance across the broader cryptocurrency market. Following this downtrend, nearly 77% of SHIB holders are in losses, with the lack of profitability dampening the market sentiment.
Shiba Inu (SHIB) struggled to break above the 26-day exponential moving average (EMA), facing resistance and signaling bearish sentiment. Despite signs of stabilization after a prolonged decline, SHIBs failure to generate enough buying pressure suggests potential downward movement.
The Shiba Inu (SHIB) bears remain very much in control on Monday, as bearish technical signals flash, warning that more near-term downside is likely. The post Shiba Inu in Trouble as Technical Signals Flash Bearish – Where Next for SHIB Price? appeared first on Cryptonews.
While Solana (SOL) became a powerful participant with an amazing price rise of over 25,000,000%, Shiba Inu (SHIB) shocked the cryptocurrency market with an insane price surge of over 52,000,000%. Many crypto aficionados are keen to identify the next major players with comparable potential since both coins saw an exponential rise.
In the past week, the Shiba Inu (CRYPTO: SHIB) community has successfully burned, or permanently removed, 58,303,050 SHIB coins from circulation. What Happened: According to the Shibburn blockchain tracker, which keeps track of daily and weekly changes in the SHIB burn rate, a significant number of SHIB coins were removed from the market.
SHIB experiences significant market downturn amid declining whale activity, while its layer-2 solution Shibarium shows promising growth in TVL.
Shiba Inu's burn rate surged 580.76%, reducing supply and fueling speculation of a breakout.
