Shiba

Shiba Inu

Coin

<ul class="news-points">
 <li>Shiba Inu (SHIB) has experienced significant activity in the past few days.</li>
 <li>SHIB climbed above significant resistance after weeks of trading in a narrow range.</li>
 <li>Whales, ETF prospects, and market surge behind SHIB’s recent rally.</li>
</ul>
Shiba Inu (SHIB), the leading memecoin, has exhibited significant activity in recent days. The canine-themed cryptocurrency, known for its speculative nature, surged above key resistance levels after several weeks of stagnating within a narrow trading range. The volatility has fueled speculation among investors seeking to understand the drivers behind the price movement.
SHIB rallied an impressive 21.47% gain over the past three days, closing each day on positive territory. This recent upswing marks only the second time in May that the memecoin has achieved three consecutive days of gains, following developments specific to the SHIB ecosystem.
On-chain data reveals ongoing capital movement between leading memecoins, particularly PEPE and SHIB. After a period of exceptional growth in recent weeks, PEPE has entered a <a href="https://twitter.com/wolfoftrading7/status/1795558334302482467" target="_blank" rel="noopener noreferrer nofollow">correction phase</a> as some investors engage in profit-taking.
Market analysts observed most whales exiting PEPE are …
The post <a href="https://coinedition.com/why-shiba-inu-top-3-reasons-users-are-flocking-to-shib-over-other-memecoins/" rel="noopener noreferrer nofollow">Why Shiba Inu? Top 3 Reasons Users Are Flocking to SHIB Over Other Memecoins</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Why Shiba Inu? Top 3 Reasons Users Are Flocking to SHIB Over Other Memecoins

Coin Edition

Other articles published on May 30, 2024

Bitcoin Faces Investor Uncertainty

Stride and Namada Partners To Enhance Data Privacy for Liquid Staked Assets

Crypto Becomes U.S. Election Issue: Cathie Wood Explains Sudden SEC Approval of Ethereum ETFs

Arbitrum TVL Surges To New High, But ARB Price Continues To Lose The Battle

Turkey Enacts Cryptocurrency Regulations

Crypto Summer Ramps Up- Presales With x100 Growth Potential

Join our free newsletter for daily crypto updates!