Shiba

Greed

Bad Idea AI

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Shiba Inu (SHIB) has managed to maintain a sense of Greed on the market despite experiencing a decline in its price all week long. As of the latest market data, SHIB is priced at $0.000008903,&nbsp;<a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">reflecting</a> a market cap of $5.25 billion. While the price has seen a decrease of 0.83% in the last 24 hours, the trading volume has surged to $113 million, indicating a 13% increase in the past day and 12.76% in the past month.</p>
<h2 id="shib-s-recent-price-movement">SHIB's recent price movement</h2>
<p dir="ltr">According to&nbsp;<a href="https://coincodex.com/crypto/shiba-inu/" rel="noopener noreferrer nofollow">data</a> from CoinCodex, the current cycle low for SHIB is $0.000005603, while the highest price since the last cycle low reached $0.00001179. These figures showcase the volatility in Shiba Inu's price movements and the potential for both short-term fluctuations and long-term growth.</p>
<p dir="ltr">One possible catalyst for the recent greed sentiment in the Shiba Inu community could be attributed to developments related to Shibarium. A recent announcement by LucieSHIB, a Shiba Inu team member, outlined Shibarium's ambitious plans for the future.&nbsp;</p>
<p dir="ltr">Lucie&nbsp;<a href="https://u.today/shibarium-thousands-of-projects-to-join-l2-network-with-numerous-partnerships-shib-rep" rel="noopener noreferrer nofollow">expressed</a> the goal of onboarding 1,000 projects through numerous partnerships, emphasizing that supporting new projects does not mean canceling existing ones. This commitment to expansion and development may have contributed to the current positive sentiment among SHIB holders.</p>
<p dir="ltr">Another factor fueling the greed is the intriguing revelation by Shiba Inu's lead developer, Shytoshi Kusama. In a recent post, Kusama&nbsp;<a href="https://u.today/shiba-inu-lead-shytoshi-kusama-teases-secret-ai-initiatives" rel="noopener noreferrer nofollow">hinted at upcoming</a> artificial intelligence (AI) projects in collaboration with the Bad Idea AI team.&nbsp;</p>
<p dir="ltr">While the exact nature of these projects remains undisclosed, Kusama's acknowledgment of "secret and not-so-secret AI initiatives for Shib" has generated speculation and curiosity within the SHIB community. The prospect of technological advancements may be contributing to the overall positive outlook.</p>
<h2 id="whale-activity-and-shiba-inu-network-dynamics">Whale activity and Shiba Inu network dynamics</h2>
<p dir="ltr">The current greed sentiment coincides with a notable spike in whale activity on the Shiba Inu network. On Jan. 31, an astonishing 600 billion SHIB tokens were&nbsp;<a href="https://u.today/600-billion-shiba-inu-shib-tokens-in-24-hours-where-does-it-all-go" rel="noopener noreferrer nofollow">transferred</a> in three separate transactions.&nbsp;&nbsp;</p>
<p dir="ltr">This increased whale activity complicates Shiba Inu market dynamics, potentially influencing both short-term price swings and long-term market trends. Overall, Shiba Inu remains an attractive meme coin to watch out for, a sentiment that is not clear from its community irrespective of price outlook.</p>

Shiba Inu (SHIB) Retains Greed Sentiment as Price Hits Weekly Lows

목차

U_Today

2024년 2월 1일에 게재된 다른 기사

Big Whales Started Withdrawing Large Amounts of Bitcoin from BitMEX: What Does It Mean? Analysts ...

10 Best Cryptocurrencies To Stake For Highest APY In 2024

U.S. Regulatory Approach Pushing Crypto Overseas, New 21Shares Report Says

Celsius Emerges from Bankruptcy and will Distribute $3B to Creditors

FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts

Solana is on the Verge of a Bullish Rally, Predicts Arthur Hayes

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!