{"id":538324,"date":"2023-06-17T11:30:35","date_gmt":"2023-06-17T11:30:35","guid":{"rendered":"https:\/\/wncen.com\/?p=538324"},"modified":"2023-06-17T11:09:35","modified_gmt":"2023-06-17T11:09:35","slug":"shiba-inu-shib-positive-social-sentiment-sparks-bullish-speculation","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-shib-positive-social-sentiment-sparks-bullish-speculation\/","title":{"rendered":"Shiba Inu (SHIB) Positive Social Sentiment Sparks Bullish Speculation"},"content":{"rendered":"

Shiba Inu (SHIB), a cryptocurrency that has gained immense popularity and attention in recent months, is making waves once again as its price exhibits signs of recovery.\u00a0<\/span><\/p>\n

This week, the SHIB price has displayed a promising uptick, maintaining a level above the $0.0000065 range. Moreover, on-chain data analysis reveals a notable surge in positive social sentiment within the vibrant Shiba Inu community.\u00a0<\/span><\/p>\n

Related Reading: Polygon (MATIC) Sees Surge In Whale Buying Despite US Regulatory Pressure<\/a><\/div>\n

With these encouraging developments, investors and enthusiasts eagerly ponder whether this could signal a forthcoming bullish reversal for SHIB. Is it time for the Shiba Inu token to regain its momentum and embark on a new upward trajectory?<\/span><\/p>\n

Growing Optimism Among Shiba Inu Investors<\/strong><\/h2>\n

After a volatile start to the month, investors in SHIB are beginning to feel more optimistic about the project’s prospects. This renewed optimism can be attributed, in part, to <\/span>Santiment’s Weighted Sentiment<\/span><\/a>, which assesses the overall mood of a blockchain community by comparing the number of positive comments to the negative ones.<\/span><\/p>\n

\"\"<\/p>\n

SHIB weighted sentiment. Source: Santiment<\/pre>\n
Adding to the positive sentiment, the Shiba Inu community received intriguing updates from notable figures within the project.<\/span><\/p>\n
\n
Something physical is coming. #shib<\/a> #shibarmy<\/a> pic.twitter.com\/XuAe2AkpJw<\/a><\/p>\n
\u2014 Shytoshi Kusama\u2122 (@ShytoshiKusama) June 14, 2023<\/a><\/p><\/blockquote>\n
Shytoshi Kusama, a prominent Shiba Inu developer, generated excitement with a mysterious tweet<\/a> teasing an upcoming product launch.<\/p>\n
Soon after, Lucie Shib, another key contributor, affirmed the project’s vitality and commitment to development in a <\/span>separate tweet<\/span><\/a>.<\/span><\/p>\n
\n
We are building.
\nWe are not going anywhere.$SHIB<\/a> x #Shiboshis<\/a><\/p>\n
\u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 (@LucieSHIB) June 15, 2023<\/a><\/p><\/blockquote>\n
Recent Price Movements And Social Sentiment<\/strong><\/h2>\n
As per the latest data from <\/span>CoinMarketCap<\/span>, the current price of SHIB stands at $0.00000669, showcasing a 2.65% uptick within the past 24 hours.<\/a> The past seven days also showed some price improvement for SHIB, as the meme coin gained 7.29%.<\/span><\/p>\n
\"\"<\/p>\n
Source: CoinMarketCap<\/pre>\n
Examining on-chain data, it becomes evident that these critical announcements have had a positive impact on the social sentiment within the SHIB community. <\/span><\/p>\n
The Weighted Sentiment metric for SHIB began to show an upward trend around June 9, and as of June 16, it sits at approximately -1.43. This indicates a notable 13% improvement in positive sentiment over the past week.<\/span><\/p>\n
<\/p>\n
SHIB market cap currently at $4.07 billion on the weekend chart: TradingView.com<\/a><\/pre>\n
Related Reading: PEPE Jumps Nearly 10% In 24 Hours, Sparking Speculation Of A New Rally<\/a><\/div>\n
Possibility For A Bullish Reversal<\/strong><\/h3>\n
When the Weighted Sentiment metric starts to rise during a period of price correction, it often signals the potential for a bullish reversal. Therefore, if the recent team announcement materializes into a well-received product launch, there is a possibility that the SHIB price could enter a phase of recovery in the near future.\u00a0<\/span><\/p>\n
This development has captured the attention of investors and could pave the way for an upward trajectory for the meme coin.<\/span><\/p>\n
Featured image from <\/span>The Daily Hodl<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB), a cryptocurrency that has gained immense popularity and attention in recent months, is making waves once again as its price exhibits signs of recovery.\u00a0 This week, the SHIB price has displayed a promising uptick, maintaining a level above the $0.0000065 range. Moreover, on-chain data analysis reveals a notable surge in positive social sentiment within the vibrant Shiba Inu community.\u00a0 Related Reading: Polygon (MATIC) Sees Surge In Whale Buying Despite US Regulatory Pressure With these encouraging developments, investors and enthusiasts eagerly ponder whether this could signal a forthcoming bullish reversal for SHIB. Is it time for the Shiba Inu token to regain its momentum and embark on a new upward trajectory? Growing Optimism Among Shiba Inu Investors After a volatile start to the month, investors in SHIB are beginning to feel more optimistic about the project’s prospects. This renewed optimism can be attributed, in part, to Santiment’s Weighted Sentiment, which assesses the overall mood of a blockchain community by comparing the number of positive comments to the negative ones. SHIB weighted sentiment. Source: Santiment Adding to the positive sentiment, the Shiba Inu community received intriguing updates from notable figures within the project. Something physical is coming. #shib #shibarmy pic.twitter.com\/XuAe2AkpJw \u2014 Shytoshi Kusama\u2122 (@ShytoshiKusama) June 14, 2023 Shytoshi Kusama, a prominent Shiba Inu developer, generated excitement with a mysterious tweet teasing an upcoming product launch. Soon after, Lucie Shib, another key contributor, affirmed the project’s vitality and commitment to development in a separate tweet. We are building. We are not going anywhere.$SHIB x #Shiboshis \u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 (@LucieSHIB) June 15, 2023 Recent Price Movements And Social Sentiment As per the latest data from CoinMarketCap, the current price of SHIB stands at $0.00000669, showcasing a 2.65% uptick within the past 24 hours. The past seven days also showed some price improvement for SHIB, as the meme coin gained 7.29%. Source: CoinMarketCap Examining on-chain data, it becomes evident that these critical announcements have had a positive impact on the social sentiment within the SHIB community. The Weighted Sentiment metric for SHIB began to show an upward trend around June 9, and as of June 16, it sits at approximately -1.43. This indicates a notable 13% improvement in positive sentiment over the past week. SHIB market cap currently at $4.07 billion on the weekend chart: TradingView.com Related Reading: PEPE Jumps Nearly 10% In 24 Hours, Sparking Speculation Of A New Rally Possibility For A Bullish Reversal When the Weighted Sentiment metric starts to rise during a period of price correction, it often signals the potential for a bullish reversal. Therefore, if the recent team announcement materializes into a well-received product launch, there is a possibility that the SHIB price could enter a phase of recovery in the near future.\u00a0 This development has captured the attention of investors and could pave the way for an upward trajectory for the meme coin. Featured image from The Daily Hodl<\/p>\n","protected":false},"author":557,"featured_media":538329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,4735,84473,88435],"class_list":["post-538324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shina-inu"],"acf":[],"yoast_head":"\nShiba Inu Positive Social Sentiment Sparks Bullish Speculation<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB), a cryptocurrency that has gained immense popularity and attention in recent months, is making waves once again as its price exhibits\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu (SHIB) Positive Social Sentiment Sparks Bullish Speculation","url":"http:\/\/wncen.com\/news\/shiba-inu-shib-positive-social-sentiment-sparks-bullish-speculation\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-shib-positive-social-sentiment-sparks-bullish-speculation\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-103.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-103.png?fit=612%2C304"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","price action","shib price","shina inu"],"dateCreated":"2023-06-17T11:30:35Z","datePublished":"2023-06-17T11:30:35Z","dateModified":"2023-06-17T11:30:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu (SHIB) Positive Social Sentiment Sparks Bullish Speculation\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-shib-positive-social-sentiment-sparks-bullish-speculation\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-shib-positive-social-sentiment-sparks-bullish-speculation\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-103.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-103.png?fit=612%2C304\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"price action\",\"shib price\",\"shina inu\"],\"dateCreated\":\"2023-06-17T11:30:35Z\",\"datePublished\":\"2023-06-17T11:30:35Z\",\"dateModified\":\"2023-06-17T11:30:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-103.png?fit=612%2C304","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/538324"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=538324"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/538324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/538329"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=538324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=538324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=538324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}