Shiba

Coin

<p style="text-align: justify">Cryptocurrencies have returned to the days of positive volatility, aiming for a cumulative value of $1.4 trillion. At the time of writing this article, the cumulative value, which was at $1.37 trillion, surpassed this threshold and is now targeting a milestone of $1.5 trillion. So what do the current data tell us about <a href="https://en.coin-turk.com/shiba-inu-shib-core-team-continues-to-release-updates-to-showcase-the-future-of-shibarium/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Coin?</p>
<h2 style="text-align: justify" id="shiba-coin-reviews">Shiba Coin Reviews</h2>
<p style="text-align: justify">As the second largest meme coin by <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> value, Shiba Coin is experiencing its first encounter with a challenging bear market and has managed to remain relatively strong. Although it did not deliver the expected performance in the recent rally, we cannot say it has failed in its first bear season. The team has managed to keep investor excitement alive (as much as possible) by regularly releasing products in hype areas, even if they are useless products.</p>
<p style="text-align: justify">The chart below provides a general overview of the on-chain view. Active addresses have been declining since November 5th. However, there is a slight recovery in new addresses, indicating that Shiba Coin is able to attract new investors while <a href="https://en.coin-turk.com/bitcoin-could-collapse-by-46-if-the-us-economy-enters-a-recession-warns-crypto-analyst/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s growth accelerates.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-275117 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/shiba-coin-adresleri.png" alt="" width="1200" height="800"></p>
<p style="text-align: justify">A noteworthy detail in terms of social volume is the number of Telegram participants, as it represents active investors to some extent. This number has been steadily declining over the past year, reaching the level of 94.3K. This is not a positive development for the price.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-275118 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/shiba-telegram.png" alt="" width="1200" height="800"></p>
<p style="text-align: justify">So, what about Shibarium? The tables below suggest that things are not going well here either. As I mentioned before, what matters for the Shiba team is to keep investors engaged during the hype period and they did this with Shibarium when the excitement for layer 2 solutions was high. Perhaps they are now considering something in the RWA field?</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-275119 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/Shibarium-Grafikleri.png" alt="" width="1562" height="792"></p>
<h2 style="text-align: justify" id="shiba-coin-price-predictions">Shiba Coin Price Predictions</h2>
<p style="text-align: justify">The price has been unable to break free from the parallel channel it has been in for a long time. It does not seem possible for the price to do so without closing above $0.0000087 on the daily chart. Today, after testing this zone exactly, the SHIB price pulled back due to the decline in BTC. If it can close above this level, it may target the $0.0000093 and $0.00001 regions.</p>
<p style="text-align: justify"><img decoding="async" loading="lazy" class="wp-image-275120 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/SHIBUSDT_2023-11-09_23-20-02.png" alt="" width="964" height="453"></p>
<p style="text-align: justify">The resistance line of the channel is at $0.00001146, and breaking through this level could trigger the long-awaited rally. MEME, PEPE, and other alternatives have divided the attention of investors in this area. The Shiba Coin team will now need to start attracting users with their existing products rather than new products.</p>
<div class="sorumluluk_reddi"><strong>Disclaimer:</strong> The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making any transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/shiba-coin-recent-data-analysis-and-price-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/shiba-coin-recent-data-analysis-and-price-predictions/</a>

Shiba Coin: Recent Data Analysis and Price Predictions

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