Despite calm price performance, there's something to see in $SHIB on-chain metrics
are currently losing momentum. This phenomenon is rather unusual for Shiba Inu, known for its high volatility and frequent price fluctuations.
At press time, Shiba Inu is trading at $0.00001, witnessing a 2% price drop in the last 24 hours. This decline is in stark contrast to the recent uptrend that saw a surge in transactions and trading volume. One possible explanation for this mysterious pattern could be related to market sentiment and investor behavior. With the Ethereum unlock around the corner, investors and traders might take a calmer approach to avoid issues with the spike of volatility on the market.As the cryptocurrency market is highly influenced by emotions and perceptions, a change in sentiment toward Shiba Inu or the broader market could be contributing to this decline in on-chain metrics.
However, the meme asset might recover soon enough, making SHIB act as it did before and return to a path of a high volatility.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SHIB Army Burns 28 Million Shiba Inu, Here's How Much SHIB Still to GoTens of millions of SHIB tokens have been incinerated as community keeps pushing coins out of circulation
Read more »
Shiba Inu Burns 111 Million SHIB Tokens, Here's How Burn Rate Reacted111 million SHIB burned as Shiba Inu burn hopes to pick up pace ShibArmy Shibburn SHIBCommunity $SHIB
Read more »
Shiba Inu (SHIB) Team Provides Another Metaverse UpdateShiba Inu (SHIB) project unveiled its April update, providing insights into various advancements and adjustments related to their ongoing metaverse venture
Read more »
SHIB Price Depressed Under Bear Attack: Is All Hope Lost for Shiba Inu?SHIB price under siege by bears: Is there any hope left for Shiba Inu investors? shibainu shib shibarmy shibarium shibaeternity shibadoge shibburn bone $bone $shib
Read more »
Shiba Inu (SHIB) Announces Giveaway for Community: DetailsShiba Inu (SHIB) holders can win free land, as new channel reveal is made
Read more »
Shiba Inu (SHIB) Burn Rate up 1,100%, Here Are 3 Key Implications for PriceShiba Inu burn rate has topped 1,100% in what may stir turnaround for slipping price
Read more »