cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Key Shiba Inu Metric Plunges to a 5-Year Low: SHIB Price Rally on the Way?

-

by

cryptd.in
in

The meme coin sector, which was among crypto’s sensations during the last bull run, no longer shows the same strength or investor enthusiasm.

Shiba Inu (SHIB) – one of the most recognizable tokens of that type – has crashed by roughly 65% over the past year, but one important factor signals that a recovery could be incoming.

Finally, a Bullish Sign

The self-proclaimed Dogecoin killer currently trades at roughly $0.000005031, while its market capitalization remains below $3 billion. This means that SHIB is the 35th-largest cryptocurrency and third-biggest in the meme coin niche, trailing behind Dogecoin (DOGE) and MemeCore (M).

Its condition seems unsatisfactory (to say the least); Shiba Inu’s team has been rather inactive in expanding the ecosystem, yet the ongoing sell-off may be nearing exhaustion.

CryptoQuant’s data shows that the amount ot tokens stored on crypto exchanges has fallen to a five-year low of around 79.8 trillion. This trend points to investors moving away from centralized platforms in favor of self-custody methods, which, in turn, reduces immediate selling pressure.

SHIB Exchange Reserve
SHIB Exchange Reserve, Source: CryptoQuant

Some analysts believe a price revival might indeed be in the cards. X user Nehal thinks that SHIB looks “dangerously ignored” at ongoing levels, adding that a 40-50% jump would not come as a surprise.

So Many Bearish Elements

The shrinking SHIB supply on exchanges is among the few positive signals for the meme coin, while many others suggest the price could collapse further in the near future.

The burn rate, for instance, has fallen by 62% over the past 24 hours, resulting in a negligible amount of tokens removed from circulation. The program’s ultimate goal is to increase SHIB’s value through scarcity, and over the past few years, the team and community have burned trillions of coins. Nonetheless, there are still around 590 trillion SHIB in circulation, which remains quite substantial.

SHIB Burn Rate
SHIB Burn Rate, Source: shibburn.com

Another issue is Shibarium’s slowdown. The layer-2 scaling solution, launched in the summer of 2023 to boost speed, enhance scalability, and lower fees, initially handled millions of transactions. However, an exploit last year disrupted operations, and since then the figure has dropped significantly to mere hundreds and thousands.

Shibarium Daily Transactions
Shibarium Daily Transactions, Source: shibariumscan.io

게시물 Key Shiba Inu Metric Plunges to a 5-Year Low: SHIB Price Rally on the Way? 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (451) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.