$SHIB has been showing anemic performance for the last 23 days as meme coin rally avoids it
, once a shining beacon in the world of meme-inspired cryptocurrencies, seems to be stumbling. The digital asset, famous for its dog mascot and astronomical growth, has been in the midst of an anemic run for 23 consecutive days, marking a troubling period for its holders.
Simultaneously, it appears that old-gen meme coins like SHIB are falling out of favor. Investors are seemingly turning their attention toward the next generation of meme coins, such as those built on the Cardano network. This shift in focus is further diminishing the demand for SHIB, suppressing its price.
Despite making a commendable effort to overcome the $0.5 threshold, XRP's failure to sustain the momentum has become a source of concern for its investors. The $0.5 price point represents a significant level of psychological resistance, and the currency's inability to break through it suggests that a robust bullish trend may not be on the horizon.Interestingly, the price reversal at $0.5 coincided with a noticeable spike in trading volume.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Shiba Inu's Shibarium Adds Two Million Transactions in Days: DetailsShibarium sees rapid growth, with two million transactions in a matter of days SHIB ShibArmy SHIBCommunity $SHIB
Lire la suite »
Shiba Inu Lead Shytoshi Kusama Says That There's 'Many' Great Things in the WorksShiba Inu's project lead Shytoshi Kusama sparked excitement in the cryptocurrency community on Tuesday after hinting at substantial developments for the meme coin
Lire la suite »
Here's What Keeps Shiba Inu (SHIB) From Entering UptrendCurrent state of liquidity on $SHIB is sad, and we cannot yet see recovery for the meme asset around the corner
Lire la suite »
Shiba Inu (SHIB) Growth Markers Plunge to Zero, Should Community Be Worried?Shiba Inu burn rate slipped by 100% as price also plunges, here's how community concerns can be allayed
Lire la suite »
Zero SHIB Burned Since Destruction of 3 Billion Shiba Inu Yesterday - What's Going On?After burn of astounding three billion SHIB in one go, burn rate down 100% today; SHIB-coffee company closes down
Lire la suite »
Shiba Inu (SHIB) Perpetual Futures Listed on Kraken: DetailsShiba Inu (SHIB) perpetual futures now available on Kraken ShibArmy SHIBCommunity $SHIB SHIB
Lire la suite »