Shiba Inu

<p><em><strong>Shiba Inu (SHIB) ranks as the second largest meme coin, yet it’s encountering notable competition from dogwifhat (WIF) in a particular area.</strong></em></p><h2 id="header-0">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Shiba Inu (SHIB) Drops 13.5% in 2 Days, Approaching $0.00003000. Despite a Much Larger Market Cap, Trading Volume Similar to dogwifhat (WIF), Hinting at Investor Shift. Nearly $2.52 Billion at Risk if SHIB Falls Another 6%.</p><h2 id="header-1"><strong>Shiba Inu Faces Tough Competition from dogwifhat (WIF)</strong></h2><p>Shiba Inu (SHIB) has experienced a disappointing performance since the start of March, compounded by the emergence of dogwifhat (WIF). Despite its initial surge to fame, <a href="https://cryptosheadlines.com/meme-coins-shib-wif-pepe-surge-as-bitcoin-pauses/" rel="noopener noreferrer nofollow">SHIB is now the third largest meme coin</a> globally.</p><p>Despite WIF having a market cap of just $4 billion, it’s posing significant competition to SHIB, which boasts a market capitalization nearly four times larger at $15.7 billion. Notably, WIF’s trading volume in the last 24 hours reached about $903 million, only slightly behind SHIB’s $972 million.</p><h2 id="header-2"><strong>Potential Loss-Bearing Situation Looms for SHIB</strong></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/04/cryptosheadlines002-1.webp?resize&#61;640%2C164&amp;ssl&#61;1" /></p><p>Shiba Inu GIOM. Source: <a href="https://app.intotheblock.com/" rel="noopener noreferrer nofollow">Into</a><a href="https://app.intotheblock.com/" rel="noopener noreferrer nofollow">TheBlock</a></p><p>This trend <a href="https://cryptosheadlines.com/shibs-past-performance-indicates-potential-double-digit-growth/" rel="noopener noreferrer nofollow">indicates a decline in SHIB’s potential</a>, with the rise of WIF challenging its dominance. Compounding the issue, a substantial portion of SHIB is at risk of becoming loss-bearing. Over $2.52 <a href="https://cryptosheadlines.com/shiba-inu-burn-rate-soars-535-quarter-billion-shib-burned/" rel="noopener noreferrer nofollow">billion worth of SHIB</a>, totaling more than 77.44 trillion coins, was purchased at prices ranging from $0.00003100 to $0.00002500. As SHIB’s price nears the lower end of this range, the likelihood of further decline looms, <a href="https://cryptosheadlines.com/altcoin-potential-20x-to-200x-rally-ahead/" rel="noopener noreferrer nofollow">potentially extending the altcoin’s</a> downturn.</p><h2 id="header-3">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><h2 id="header-4"><strong>Shiba Inu Faces Critical Support Levels Amidst Downtrend</strong></h2><p>Shiba Inu (SHIB) has experienced a significant correction, dropping over 15% in just two days, approaching the critical support level of $0.00002584. This <a href="https://cryptosheadlines.com/shiba-inus-support-test-potential-12-surge/" rel="noopener noreferrer nofollow">support line has proven its significance through multiple tests</a> in the past, indicating its importance in preventing further decline.</p><p><a href="https://cryptosheadlines.com/march-29-crypto-price-analysis-eth-xrp-ada-shib-doge/" rel="noopener noreferrer nofollow">Also Read:   March 29 Crypto Price Analysis: ETH- XRP- ADA- SHIB- DOGE</a></p><p>Should SHIB break below $0.00002584, it may continue its downward trajectory towards the next support level at $0.00002268. Given the current conditions, this decline could potentially extend beyond this crucial support level.</p><p>However, considering the significance of the $0.00002584 support line, there remains a possibility for <a href="https://cryptosheadlines.com/shib-reclaims-top-spot-from-icp-whats-the-ceiling/" rel="noopener noreferrer nofollow">SHIB to recover and reclaim</a> $0.00002853. If this level successfully converts into support, it would invalidate the bearish outlook, potentially leading SHIB to once again surpass $0.00003000.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Could Shiba Inu (SHIB) Lose to dogwifhat (WIF)?

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