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Bitcoin, the largest cryptocurrency by market value, plummeted to a low of $55,555 in the early trading session Wednesday, extending Tuesday's losses.

The price of Shiba Inu (SHIB) has reached a crucial reset point, leaving traders uncertain about the assets next direction. As volatility drops, the market stands at a crossroads.

Shytoshi Kusamas latest initiative, a vote among Shiba Inu members, saw the SHIB burn option unexpectedly rejected, shifting community focus to other strategies. Shytoshi Kusama Calls for Community Vote According to U.Today, on August 31st, the enigmatic SHIB army leader Shytoshi Kusama tweeted an appeal to the Shiba Inu community to decide how to allocate the Ethereum tokens supplied by Shiba Inu partner Wellys fast food restaurant.

Shiba Inu (SHIB), a leading meme coin, has been trading within a horizontal range since August 8. While it briefly surged past the upper boundary of this channel, it failed to sustain the breakout and dropped back below resistance on August 28.

The meme coin market is undergoing a dramatic downturn, with prominent cryptocurrencies like Dogecoin (DOGE), and Shiba Inu (SHIB) facing substantial decline. Due to the market volatility and broader decline, the total market capitalization of meme coins dropped below $40 billion, signaling a notable decrease in investors demand for these coins.

With resilience evident after a significant bounce off the 200-day Exponential Moving Average, XRP looks ready for another attempt at recovery. The 26-day EMA is the next significant resistance level to keep an eye on as this technical rebound indicates that XRP might be prepared to rise higher.

Crypto analyst Zach Humphries has made a bullish case for Shiba Inu (SHIB), predicting that the crypto token could rise to as high as $0.00014 in this market cycle.

iPhone owners are invited to Agent Shiboshi's bullet-blazing showdown as devs work hard to deliver the P2E version.

"After an amazing response from Android players, we're excited to bring the action to iPhone users," the team behind PlayWithShib said.

Neither bulls nor bears are dominating today, according to CoinStats.

On Aug. 31, the mysterious leader of the SHIB army, Shytoshi Kusama, published a tweet, urging the Shiba Inu community to vote and choose what is to be done with the ETH donated by Shiba Inu partner Welly's fast food chain.

The Shiba Inu price has gained by 2% today, rising to $0.00001358 as the cryptocurrency market as a whole posts a 1% return in 24 hours.

Shiba Inu (SHIB) coin price has recently faced significant challenges, struggling to escape the consolidation phase throughout August.

Shiba Inu burns have become a staple in the industry after the community sponsored burning began around two years ago. Every month, community members have been sending millions to billions of SHIB tokens to the burn address in a bid to reduce the total supply.

The mysterious WazirX hacker behind one of the largest cryptocurrency thefts in recent history has resurfaced with a major new transfer. Spot On Chain reports that the hacker transferred 2,600 ETH, worth approximately $6.54 million, to Tornado Cash just 18 hours ago.

Despite a general downturn in the market, the introduction of Agent Shiboshi for iPhone users has captured investor attention, positively impacting the market.

Shiba Inu marketing lead known under the pseudonym Lucie has issued an important warning to those among the SHIB community who are spreading fear, uncertainty and doubt (“FUD”) about the Shiba Inu token. She stated that the SHIB team will not fall for that.

The value of Shiba Inu as an asset has reached a significant reset point and may continue all of its movement from here. This reset point designates a moment after notable upward or downward price movements, when the asset's price has stabilized.

Shiba Inu (SHIB) has maintained resilience, despite uncertainty on the broader market. At the time of writing, the meme coin has seen at least three of its most-watched metrics print positive jumps in hopes of a major rebound.

Shiba Inu has expanded its gaming portfolio with the launch of Agent Shiboshi on iOS, now available for download on the App Store, allowing iPhone users to experience the action-packed game. Shiba Inus Agent Shiboshi Goes Live on iOS There has been a marked shift in Shiba Inus focus toward supporting iOS ecosystem members.

Shiba Inus enigmatic leader, Shytoshi Kusama, has dropped a bombshell, announcing that more funds are incoming, fueling excitement for the SHIB communitys next big moves. SHIB Leader Promises More Funds Are Incoming This past weekend, the mysterious figure known as Shytoshi Kusamathe Shiba Inu team leadersent a crucial reminder to the SHIB army, as reported by U.Today.

Shiba Inu (SHIB) has started the month on a bearish note, as its price has dropped significantly since September 1. Based on historical data, SHIB could suffer more price declines this month, as the meme coin has often closed at a loss in September.

Memecoins staged a robust recovery on Monday as the broader cryptocurrency market rallied on the Labor Day holiday. What happened: The charge was led by Solana (CRYPTO: SOL)-based token, dogwifhat, which recorded a spike of over 12% in the last 24 hours.

The ever-vibrant Shiba Inu community, also regarded as SHIBArmy, has expressed strong opposition to a recent proposal that aims to allocate 35.7 Ethereum to burn SHIB tokens, thereby reducing the overall supply of the digital asset to trigger a price growth for the meme coin potentially.