Shiba

April

Notable

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-coin-price-breaks-consolidation-with-a-notable-surge/" data-wpel-link="internal">Shiba Inu Coin Price Breaks Consolidation with a Notable Surge</a><br></p>
<p class="p1" style="text-align: justify">The price of <a href="https://en.coin-turk.com/shiba-inu-meme-coin-reignites-interest-with-surge-in-token-burns/" data-wpel-link="internal">Shiba</a> Inu <strong>(<a href="https://en.coin-turk.com/expectations-and-movements-in-altcoins-as-year-end-approaches/" data-wpel-link="internal">SHIB</a>)</strong> has finally managed to break free from the consolidation levels it has been observing for the past few weeks. SHIB has risen by nearly 7% in the last 24 hours, with its market value exceeding the $6 billion mark for the first time since mid-January. The continuation of this rise could provide significant momentum to the meme coin sector.</p> 
<h2 class="p1" style="text-align: justify" id="shib-s-rise-coincides-with-market-recovery">SHIB’s Rise Coincides with Market Recovery</h2> 
<p class="p1" style="text-align: justify">The rise of SHIB coincides with a general market recovery, as <strong><a href="https://coin-turk.com/dunyaca-unlu-isimden-boga-tahmini-bitcoinde-btc-devami-gelebilir" data-wpel-link="internal">Bitcoin</a></strong> prices surpass $56,700 and Ethereum reaches around $3,200, hitting the highest levels of the year. The global cryptocurrency market’s value is currently over $2.2 trillion, which is about $800 billion away from the ATH levels recorded in November 2021.</p> 
<p class="p1" style="text-align: justify">Many industry participants believe this is not just a short-term surge but could be the beginning of a major bull run that may take <a href="https://en.coin-turk.com/bitcoin-rises-despite-strengthening-us-dollar-and-treasury-yields/" data-wpel-link="internal">Bitcoin</a> and other crypto assets to unprecedented peaks. The Bitcoin halving event expected in April supports this thesis.</p> 
<p class="p1" style="text-align: justify">By reducing the rate at which new Bitcoins are produced and following the economic fundamentals of supply and demand, Bitcoin could potentially become more valuable. Historically, a Bitcoin price rally, positively affecting altcoin projects like Shiba Inu, has followed this event.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-320180 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/shib-5.png" alt="" width="2343" height="1097"></p> 
<h2 class="p1" style="text-align: justify" id="shib-and-the-meme-coin-culture">SHIB and the Meme Coin Culture</h2> 
<p class="p1" style="text-align: justify">Another factor that could ignite SHIB’s recent price increase is the resurgence of the meme coin sector. While projects like Pepe Coin, dogwifhat, Bonk Inu are making double-digit daily gains, <a href="https://coin-turk.com/doge-artik-ciddiye-aliniyor-dogecoinde-onemli-destek-ve-direnc-seviyeleri" data-wpel-link="internal">Dogecoin</a>, the largest in this space with a market value exceeding $13 billion, saw a 7% increase.</p> 
<p class="p1" style="text-align: justify">Shiba Inu’s rise coincides with an increase in SHIB’s total daily volume. According to notable data in the SHIB space, this figure is currently at $31.6 million, a 164% growth compared to February 27.</p> 
<p class="p1" style="text-align: justify">Currently, about 39% of SHIB investors are sitting on unrealized profits. In contrast, nearly 90% of holders were underwater in September last year. Recently, Shiba Inu’s daily active addresses have also been on the rise, increasing by more than 15% yesterday.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-coin-price-breaks-consolidation-with-a-notable-surge/" data-wpel-link="internal">Shiba Inu Coin Price Breaks Consolidation with a Notable Surge</a></h5>

Shiba Inu Coin Price Breaks Consolidation with a Notable Surge

Table of Contents

COINTURK NEWS

Other articles published on Feb 27, 2024

Unveiling the Best No KYC Exchanges of 2024

AI-Powered Meme Coin Scotty the AI Offers High APY in Presale – Michael Wruble Video Reviews

Arbitrum (ARB) and Sei (SEI) Face Uphill Battle in Crypto Markets as Meme Moguls (MGLS) Presale S...

Scammers Stole Nearly $500,000 Thanks to MicroStrategy

Theta Fuel (TFUEL) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Crypto Exchange HTX Retreats From Hong Kong: What’s Behind The Sudden License Withdrawal?

Join our free newsletter for daily crypto updates!