{"id":550038,"date":"2023-09-05T08:58:32","date_gmt":"2023-09-05T08:58:32","guid":{"rendered":"https:\/\/wncen.com\/?p=550038"},"modified":"2024-06-11T09:20:49","modified_gmt":"2024-06-11T09:20:49","slug":"shiba-inu-shib-presents-compelling-reversal-indicators-could-this-be-it","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-shib-presents-compelling-reversal-indicators-could-this-be-it\/","title":{"rendered":"Shiba Inu (SHIB) Presents Compelling Reversal Indicators – Could This Be It?"},"content":{"rendered":"

Shiba Inu (SHIB) has recently been on the radar of cryptocurrency enthusiasts as data suggests a potential comeback for this meme-inspired digital asset. <\/span><\/p>\n

The SHIB community had reason to celebrate with the successful relaunch of the Shibarium Layer 2 solution, akin to a tech company unveiling a highly anticipated software update.\u00a0<\/span><\/p>\n

This event not only breathed new life into the ecosystem but also injected a sense of optimism among SHIB holders. The Shibarium relaunch has elevated SHIB beyond its meme coin status, adding a layer of credibility and utility.<\/span><\/p>\n

Related Reading: Stellar Tough Spot: Will XLM Prices See A Dip Amid Mid-Range Struggles?<\/a><\/div>\n

SHIB Price Analysis Indicates Hope<\/strong><\/h2>\n

Over the past weeks, SHIB has seen a decline in its price, accompanied by a decrease in trading volume. However, recent <\/span>price analysis<\/span><\/a> hints at a potential change in the trend. The descending trading volume, coupled with the declining price, often serves as a signal that the downward momentum might be losing its steam.\u00a0<\/span><\/p>\n

It appears that the market may be running out of compelling reasons to continue pushing the asset lower, providing a glimmer of hope for SHIB enthusiasts.<\/span><\/p>\n

Surprising Popularity Among American Investors<\/strong><\/h2>\n

In a surprising turn of events, Shiba Inu emerged as the sixth most popular cryptocurrency asset among American investors, according to a recent survey conducted by <\/span>ConsenSys<\/span><\/a>. Interestingly, 17% of respondents had allocated their funds to this $4.5 billion market-capped asset, placing SHIB ahead of larger and more established cryptocurrencies like Tether and Cardano.<\/span><\/p>\n

\"\"<\/p>\n

Source: ConsenSys<\/a><\/pre>\n
The survey also unveiled a prevailing sentiment among respondents regarding the cryptocurrency landscape. Many felt that this asset class needed “heavy regulation” to protect investors due to the prevailing uncertainty. <\/span><\/p>\n
While Bitcoin and Ethereum still held the top positions in terms of popularity among American investors, <\/span>SHIB’s unexpected rise<\/span><\/a> in popularity signifies a growing interest in alternative cryptocurrencies.<\/span><\/p>\n
<\/p>\n
SHIB market cap currently at $4.4 billion. Chart: TradingView.com<\/a><\/pre>\n
Current State Of SHIB<\/strong><\/h3>\n
As of now, SHIB is trading at $0.00000745, according to <\/span>CoinGecko<\/span><\/a>. Over the past 24 hours, the asset has experienced a 3.3% decline, while the seven-day performance shows a 9.3% slump. These figures reflect the ongoing volatility in the cryptocurrency market but also underline the potential for a turnaround as SHIB aims to regain its footing.<\/span><\/p>\n
Related Reading: Pepe Coin September Challenge: Can It Reach $0.000001 Again?<\/a><\/div>\n
Shiba Inu’s recent Shibarium relaunch and its surprising popularity among American investors suggest that this meme-inspired cryptocurrency might be poised for a resurgence.\u00a0<\/span><\/p>\n
Despite recent price declines, the signs of optimism, coupled with a shifting sentiment in the cryptocurrency landscape, could pave the way for a potential comeback for SHIB. However, as with all cryptocurrencies, investors should exercise caution and conduct thorough research before making any investment decisions.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>CarSwitch<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) has recently been on the radar of cryptocurrency enthusiasts as data suggests a potential comeback for this meme-inspired digital asset. The SHIB community had reason to celebrate with the successful relaunch of the Shibarium Layer 2 solution, akin to a tech company unveiling a highly anticipated software update.\u00a0 This event not only breathed new life into the ecosystem but also injected a sense of optimism among SHIB holders. The Shibarium relaunch has elevated SHIB beyond its meme coin status, adding a layer of credibility and utility. Related Reading: Stellar Tough Spot: Will XLM Prices See A Dip Amid Mid-Range Struggles? SHIB Price Analysis Indicates Hope Over the past weeks, SHIB has seen a decline in its price, accompanied by a decrease in trading volume. However, recent price analysis hints at a potential change in the trend. The descending trading volume, coupled with the declining price, often serves as a signal that the downward momentum might be losing its steam.\u00a0 It appears that the market may be running out of compelling reasons to continue pushing the asset lower, providing a glimmer of hope for SHIB enthusiasts. Surprising Popularity Among American Investors In a surprising turn of events, Shiba Inu emerged as the sixth most popular cryptocurrency asset among American investors, according to a recent survey conducted by ConsenSys. Interestingly, 17% of respondents had allocated their funds to this $4.5 billion market-capped asset, placing SHIB ahead of larger and more established cryptocurrencies like Tether and Cardano. Source: ConsenSys The survey also unveiled a prevailing sentiment among respondents regarding the cryptocurrency landscape. Many felt that this asset class needed “heavy regulation” to protect investors due to the prevailing uncertainty. While Bitcoin and Ethereum still held the top positions in terms of popularity among American investors, SHIB’s unexpected rise in popularity signifies a growing interest in alternative cryptocurrencies. SHIB market cap currently at $4.4 billion. Chart: TradingView.com Current State Of SHIB As of now, SHIB is trading at $0.00000745, according to CoinGecko. Over the past 24 hours, the asset has experienced a 3.3% decline, while the seven-day performance shows a 9.3% slump. These figures reflect the ongoing volatility in the cryptocurrency market but also underline the potential for a turnaround as SHIB aims to regain its footing. Related Reading: Pepe Coin September Challenge: Can It Reach $0.000001 Again? Shiba Inu’s recent Shibarium relaunch and its surprising popularity among American investors suggest that this meme-inspired cryptocurrency might be poised for a resurgence.\u00a0 Despite recent price declines, the signs of optimism, coupled with a shifting sentiment in the cryptocurrency landscape, could pave the way for a potential comeback for SHIB. However, as with all cryptocurrencies, investors should exercise caution and conduct thorough research before making any investment decisions. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from CarSwitch<\/p>\n","protected":false},"author":557,"featured_media":550042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[1144,8686,83767,4735,84473,83667,87680],"class_list":["post-550038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu","tag-shibarium"],"acf":[],"yoast_head":"\nShiba Inu Presents Compelling Reversal Indicators<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) has recently been on the radar of cryptocurrency enthusiasts as data suggests a potential comeback for this meme-inspired digital asset.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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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) Presents Compelling Reversal Indicators – Could This Be It?","url":"http:\/\/wncen.com\/news\/shiba-inu-shib-presents-compelling-reversal-indicators-could-this-be-it\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-shib-presents-compelling-reversal-indicators-could-this-be-it\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-15.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-15.png?fit=946%2C441"},"articleSection":"All","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","shiba inu","shibarium"],"dateCreated":"2023-09-05T08:58:32Z","datePublished":"2023-09-05T08:58:32Z","dateModified":"2024-06-11T09:20:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu (SHIB) Presents Compelling Reversal Indicators – Could This Be It?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-shib-presents-compelling-reversal-indicators-could-this-be-it\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-shib-presents-compelling-reversal-indicators-could-this-be-it\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-15.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-15.png?fit=946%2C441\"},\"articleSection\":\"All\",\"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\",\"shiba inu\",\"shibarium\"],\"dateCreated\":\"2023-09-05T08:58:32Z\",\"datePublished\":\"2023-09-05T08:58:32Z\",\"dateModified\":\"2024-06-11T09:20:49Z\"}<\/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\/09\/a-15.png?fit=946%2C441","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550038","targetHints":{"allow":["GET"]}}],"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=550038"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/550042"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=550038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=550038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=550038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}