Shiba

Shift

Shiba Inu

Avalanche

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/meme-coin-shiba-inu-drops-out-of-top-10-cryptos-as-avax-climbs" rel="noopener noreferrer nofollow">Meme Coin Shiba Inu Drops Out of Top 10 Cryptos as AVAX Climbs</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/singapore-introduces-regulations-for-crypto-trading" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape has witnessed a notable shift with the meme coin phenomenon cooling down, leading to a significant repositioning within the market rankings. In particular, Shiba Inu has been dethroned from its top 10 status, with Avalanche (AVAX) taking over. The transfer of substantial assets to exchanges by prominent investors, or ‘whales’, marked the end of the soaring popularity of meme coins, with Shiba Inu bearing the brunt of this change.</p>
<h2 id="market-shift-sees-avax-overtake-shib">Market Shift Sees AVAX Overtake SHIB</h2>
<p style="text-align: justify">The shift in market dynamics saw AVAX’s value surge by 15%, surpassing many alternative cryptocurrencies (altcoins) that are currently experiencing a pullback. This increase has led to a market value gap of around $2 billion between AVAX and Shiba Inu, cementing AVAX’s position as the tenth-largest cryptocurrency by market cap.</p>
<p style="text-align: justify">On the technical front, Shiba Inu’s price charts form a triangular pattern, typically indicating a potential downtrend. Traders are closely monitoring key price thresholds, with a decisive move above $0.00003695 or below $0.00003000 set to confirm the coin’s next direction.</p>
<h2 id="technical-indicators-suggesting-a-potential-dip-for-shib">Technical Indicators Suggesting a Potential Dip for SHIB</h2>
<p style="text-align: justify">Technically, the Relative Strength Index (RSI) for Shiba Inu signals waning momentum, hinting at a possible decline if it crosses below the 70-level threshold. Additionally, the Awesome Oscillator (AO) corroborates the bearish sentiment by displaying dominant red bars, further suggesting an impending sell-off.</p>
<p style="text-align: justify">Conversely, the price level around $0.00003000 might present a buying opportunity for investors, potentially marking a pivotal point for Shiba Inu’s next upward trajectory.</p>
<h2 id="crypto-com-enhances-support-for-shiba-inu">Crypto.com Enhances Support for Shiba Inu</h2>
<p style="text-align: justify">In the meanwhile, a notable development for Shiba Inu comes from the cryptocurrency exchange Crypto.com. The platform has elevated the meme coin’s profile by featuring it in the title of its mobile app alongside <a href="https://en.bitcoinhaber.net/bitcoin-achieves-monumental-price-peak-and-market-command" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://en.bitcoinhaber.net/ethereums-technical-analysis-amidst-holiday-market-conditions" rel="noopener noreferrer nofollow">Ethereum</a>. This change is reflected in major app stores, signifying the growing prominence of Shiba Inu in the crypto exchange domain.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/meme-coin-shiba-inu-drops-out-of-top-10-cryptos-as-avax-climbs" rel="noopener noreferrer nofollow">Meme Coin Shiba Inu Drops Out of Top 10 Cryptos as AVAX Climbs</a></h5>

Meme Coin Shiba Inu Drops Out of Top 10 Cryptos as AVAX Climbs

目錄

BH NEWS

在 2024年3月14日發表的其他文章

Biden calls for a 30% tax on crypto mining – Should you be concerned?

Dencun is about fee stabilization, not reduction — Fuel founder

'Dogecoin To The Moon' — Elon Musk Just Broke His Long Silence On DOGE And If Tesla Will Accept T...

Recent Volatility in Cryptocurrency Prices Raises Uncertainty

Altcoins That Can Outshine Solana: A Sneak Peek into the Upcoming Market Leaders

Crypto Analyst Says Avalanche-Based Altcoin Primed for a Massive Move, Updates Outlook on Solana

訂閱免費電子報，每天收取加密貨幣最新動態！