{"id":497866,"date":"2022-08-06T04:09:12","date_gmt":"2022-08-06T04:09:12","guid":{"rendered":"https:\/\/wncen.com\/?p=497866"},"modified":"2024-06-11T08:13:20","modified_gmt":"2024-06-11T08:13:20","slug":"shiba-inu-displays-surprising-price-movement","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-displays-surprising-price-movement\/","title":{"rendered":"Shiba Inu Displays Surprising Price Movement \u2013 Can SHIB Ditch The Flatline?"},"content":{"rendered":"

Shiba Inu (SHIB) is full of surprises up its sleeve. The top dog meme coin\u2019s latest price rally was impressive as the coin was able to showcase the lowest level of daily volatility as seen in the entire crypto trading history.<\/span><\/p>\n

As of this writing, SHIB is up by 2.66% or at $0.00001217.<\/span><\/p>\n

According to the daily chart, SHIB has been consistently darting on a straight line seen in the past few days. In fact, the dog meme coin\u2019s price hasn\u2019t moved a bit for a straight week, which is bizarre especially for a volatile asset such as SHIB.<\/span><\/p>\n

\"\"<\/p>\n

Chart: TradingView.com<\/a><\/pre>\n
Related Reading:  SOL Loses $40 After The Exploit \u2013 What\u2019s The Next Support?<\/a><\/div>\n
Shiba Inu On A Flatline?<\/b><\/h2>\n
It\u2019s uncertain why Shiba Inu has been showing a flatline or sluggishness in performance – but there are some talks coming from investors and traders that the volatility issues of SHIB seems to have cropped up from the decline in the burn rates of the token, which is said to have been fueled by previous Shiba Inu projects lke Shibarium Multiverse.<\/span><\/p>\n
On June 21, SHIB penetrated the descending channel as it rolls down which could have signaled a coin reversal. However, the discrepancy in trading inflows and volume prompted SHIB to roll back to $0.00001.<\/span><\/p>\n
Shibaswap Outperforming BAYC And OpenSea<\/b><\/h2>\n
Shiba Inu isn\u2019t just another meme coin you\u2019ve heard of because it\u2019s committed to growing and scaling the network. Shibaswap\u2019s launch and its continuous thrust as the top Ethereum dApps in terms of social signals cements Shiba Inu\u2019s status in the crypto space. Shibaswap was able to rake in an average of $10.8 million in terms of daily volumes.<\/span><\/p>\n
This is an exceptional performance coming from a DEX that was able to outperform both Bored Ape Yacht Club and OpenSea. Notably, there was also an in exchange withdrawals which is quite normal especially at discounted levels. Currently, SHIB trades at a huge discount from its ATH.<\/span><\/p>\n
Related Reading:  THORChain (RUNE) Ready For 20% Climb Before Next Correction<\/a><\/div>\n
More so, Shibaswap has had a huge influence on the performance of SHIB. But, its impact isn\u2019t as powerful compared other economic or market forces that may have caused its uncanny price movement or behavior. The Shibaswap ecosystem is expected to grow and expand which may influence more people to stake SHIB, but people just have to wait and see.<\/span><\/p>\n
In other news, while SHIB is no longer a part of the top cryptocurrencies according to market cap, the meme coin is still favored by the crypto space. Shiba Inu is planning to develop a reward token, stablecoin built for its ecosystem, and a collectible card for the metaverse.<\/span><\/p>\n
<\/p>\n
SHIB total market cap at $384 billion on the weekend chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Slate.com, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) is full of surprises up its sleeve. The top dog meme coin\u2019s latest price rally was impressive as the coin was able to showcase the lowest level of daily volatility as seen in the entire crypto trading history. As of this writing, SHIB is up by 2.66% or at $0.00001217. According to the daily chart, SHIB has been consistently darting on a straight line seen in the past few days. In fact, the dog meme coin\u2019s price hasn\u2019t moved a bit for a straight week, which is bizarre especially for a volatile asset such as SHIB. Chart: TradingView.com Related Reading: SOL Loses $40 After The Exploit \u2013 What\u2019s The Next Support? Shiba Inu On A Flatline? It\u2019s uncertain why Shiba Inu has been showing a flatline or sluggishness in performance – but there are some talks coming from investors and traders that the volatility issues of SHIB seems to have cropped up from the decline in the burn rates of the token, which is said to have been fueled by previous Shiba Inu projects lke Shibarium Multiverse. On June 21, SHIB penetrated the descending channel as it rolls down which could have signaled a coin reversal. However, the discrepancy in trading inflows and volume prompted SHIB to roll back to $0.00001. Shibaswap Outperforming BAYC And OpenSea Shiba Inu isn\u2019t just another meme coin you\u2019ve heard of because it\u2019s committed to growing and scaling the network. Shibaswap\u2019s launch and its continuous thrust as the top Ethereum dApps in terms of social signals cements Shiba Inu\u2019s status in the crypto space. Shibaswap was able to rake in an average of $10.8 million in terms of daily volumes. This is an exceptional performance coming from a DEX that was able to outperform both Bored Ape Yacht Club and OpenSea. Notably, there was also an in exchange withdrawals which is quite normal especially at discounted levels. Currently, SHIB trades at a huge discount from its ATH. Related Reading: THORChain (RUNE) Ready For 20% Climb Before Next Correction More so, Shibaswap has had a huge influence on the performance of SHIB. But, its impact isn\u2019t as powerful compared other economic or market forces that may have caused its uncanny price movement or behavior. The Shibaswap ecosystem is expected to grow and expand which may influence more people to stake SHIB, but people just have to wait and see. In other news, while SHIB is no longer a part of the top cryptocurrencies according to market cap, the meme coin is still favored by the crypto space. Shiba Inu is planning to develop a reward token, stablecoin built for its ecosystem, and a collectible card for the metaverse. SHIB total market cap at $384 billion on the weekend chart | Source: TradingView.com Featured image from Slate.com, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83740,92559],"tags":[1144,65296,8686,83668,84473,83667],"class_list":["post-497866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-shiba-inu","category-shiba-inu-coin","tag-btcusd","tag-ethbtc","tag-ethusd","tag-shib","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Displays Surprising Price Movement \u2013 Can SHIB Ditch The Flatline?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) is full of surprises up its sleeve. 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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 Displays Surprising Price Movement \u2013 Can SHIB Ditch The Flatline?","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-displays-surprising-price-movement\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-displays-surprising-price-movement\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Shiba-Inu.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Shiba-Inu.png?fit=592%2C422"},"articleSection":"Shiba Inu","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","ethbtc","ethusd","shib","shib price","shiba inu"],"dateCreated":"2022-08-06T04:09:12Z","datePublished":"2022-08-06T04:09:12Z","dateModified":"2024-06-11T08:13:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Displays Surprising Price Movement \\u2013 Can SHIB Ditch The Flatline?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-displays-surprising-price-movement\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-displays-surprising-price-movement\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Shiba-Inu.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Shiba-Inu.png?fit=592%2C422\"},\"articleSection\":\"Shiba Inu\",\"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\",\"ethbtc\",\"ethusd\",\"shib\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2022-08-06T04:09:12Z\",\"datePublished\":\"2022-08-06T04:09:12Z\",\"dateModified\":\"2024-06-11T08:13:20Z\"}<\/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\/2022\/08\/Shiba-Inu.png?fit=592%2C422","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497866","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=497866"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/497867"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=497866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=497866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=497866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}