{"id":536003,"date":"2023-06-01T09:30:19","date_gmt":"2023-06-01T09:30:19","guid":{"rendered":"https:\/\/wncen.com\/?p=536003"},"modified":"2023-06-01T08:44:17","modified_gmt":"2023-06-01T08:44:17","slug":"can-shiba-inu-rebound","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/can-shiba-inu-rebound\/","title":{"rendered":"Can Shiba Inu Rebound As It Wraps Up May With A Discouraging 16% Decline?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu (SHIB) is facing a turbulent period as its price chart paints a rather bleak picture. With its latest monthly candle, Shiba Inu has recorded its most dismal performance since November, igniting a wave of speculation and raising important questions about the future of this meme coin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the cryptocurrency market closely watches this unprecedented downturn, the fate of Shiba Inu hangs in the balance, leaving investors and meme enthusiasts pondering what lies ahead for this intriguing coin.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/shiba-inu-entering-a-bullish-market-phase\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Shiba Inu: What\u2019s Stifling The Meme Coin From Entering A Bullish Market Phase?<\/a><\/div>\n<h2><strong>SHIB&#8217;s Value Plummets, Casting Doubt On Its Future<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The value of SHIB has witnessed a <\/span><a href=\"https:\/\/u.today\/shiba-inu-shib-ends-may-with-enormous-minus-whats-next\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">substantial decline<\/span><\/a><span style=\"font-weight: 400\">, exceeding 16% since the beginning of May, thereby enveloping its future in a bleak haze. Should the ongoing trend persist, May has the potential to emerge as the most disastrous month for SHIB since November 2022. During that period, SHIB experienced a staggering 25% drop following the collapse of crypto exchange FTX.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-536022\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-2.png?resize=1139%2C63\" alt=\"\" width=\"1139\" height=\"63\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-2.png?w=1139 1139w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-2.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-2.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-2.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-2.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Source: Coingecko<\/pre>\n<p><span style=\"font-weight: 400\">According to data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the current price of SHIB is resting at $0.00000849. Although it faced a marginal 0.9% dip over the past 24 hours, it still managed to achieve a very minimal gain of 0.1% over the course of seven days.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/h1770hDo\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">SHIB market cap still pegged at $5.06 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">Amidst the uncertainty surrounding SHIB&#8217;s trajectory, two significant factors come into play. First, the weakness exhibited by altcoins during the spring season adds to the apprehension. Second, the price action bears an uncanny resemblance to a technical rebound from the fall experienced in 2022.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">These factors combined amplify the likelihood of an ongoing downward spiral for SHIB, albeit the extent of the decline remains uncertain.<\/span><\/p>\n<h2><strong>SHIB Perpetual Futures Listed On Kraken Pro, Boosting Exposure<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In a much-needed glimmer of positivity, SHIB enthusiasts can heave a sigh of relief as SHIB perpetual futures have been officially <\/span><a href=\"https:\/\/twitter.com\/ShibBPP\/status\/45710083\" rel=\"nofollow\"><span style=\"font-weight: 400\">listed on Kraken Pro<\/span><\/a><span style=\"font-weight: 400\">, the advanced cryptocurrency trading platform offered by Kraken.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Just in: Kraken has added a new perpetual for <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SHIB<\/a> \ud83d\udd25\ud83d\udd25<\/p>\n<p>\u2014 $SHIB BPP (@ShibBPP) <a href=\"https:\/\/twitter.com\/ShibBPP\/status\/45710083?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 30, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Perpetual futures contracts serve as derivative financial instruments that grant traders the opportunity to speculate on the price fluctuations of various assets, all without actually owning them. Similar to traditional futures contracts, perpetual contracts derive their value from the underlying cryptocurrency asset.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/xrp-1-threshold-on-the-horizon\/\" target=\"_blank\" rel=\"noopener \">XRP $1 Threshold On The Horizon? Noted Trader Fuels Speculation<\/a><\/div>\n<p><span style=\"font-weight: 400\">This recent listing holds the potential to significantly enhance the exposure of Shiba Inu. Kraken, renowned as one of the largest cryptocurrency exchanges boasting millions of users, provides an ideal platform for SHIB to gain increased visibility among traders and investors alike.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the SHIB community grapples with concerns surrounding its price decline, the listing of SHIB perpetual futures on Kraken Pro opens doors to new trading opportunities and expands the reach of this meme-inspired digital asset. It will also offer optimism amidst the current uncertainty surrounding SHIB&#8217;s future.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)<\/em><\/p>\n<p><em>-Featured image from Peakpx<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) is facing a turbulent period as its price chart paints a rather bleak picture. With its latest monthly candle, Shiba Inu has recorded its most dismal performance since November, igniting a wave of speculation and raising important questions about the future of this meme coin. As the cryptocurrency market closely watches this unprecedented downturn, the fate of Shiba Inu hangs in the balance, leaving investors and meme enthusiasts pondering what lies ahead for this intriguing coin. Related Reading: Shiba Inu: What\u2019s Stifling The Meme Coin From Entering A Bullish Market Phase? SHIB&#8217;s Value Plummets, Casting Doubt On Its Future The value of SHIB has witnessed a substantial decline, exceeding 16% since the beginning of May, thereby enveloping its future in a bleak haze. Should the ongoing trend persist, May has the potential to emerge as the most disastrous month for SHIB since November 2022. During that period, SHIB experienced a staggering 25% drop following the collapse of crypto exchange FTX. Source: Coingecko According to data from CoinGecko, the current price of SHIB is resting at $0.00000849. Although it faced a marginal 0.9% dip over the past 24 hours, it still managed to achieve a very minimal gain of 0.1% over the course of seven days. SHIB market cap still pegged at $5.06 billion. Chart: TradingView.com Amidst the uncertainty surrounding SHIB&#8217;s trajectory, two significant factors come into play. First, the weakness exhibited by altcoins during the spring season adds to the apprehension. Second, the price action bears an uncanny resemblance to a technical rebound from the fall experienced in 2022.\u00a0 These factors combined amplify the likelihood of an ongoing downward spiral for SHIB, albeit the extent of the decline remains uncertain. SHIB Perpetual Futures Listed On Kraken Pro, Boosting Exposure In a much-needed glimmer of positivity, SHIB enthusiasts can heave a sigh of relief as SHIB perpetual futures have been officially listed on Kraken Pro, the advanced cryptocurrency trading platform offered by Kraken. Just in: Kraken has added a new perpetual for $SHIB \ud83d\udd25\ud83d\udd25 \u2014 $SHIB BPP (@ShibBPP) May 30, 2023 Perpetual futures contracts serve as derivative financial instruments that grant traders the opportunity to speculate on the price fluctuations of various assets, all without actually owning them. Similar to traditional futures contracts, perpetual contracts derive their value from the underlying cryptocurrency asset. Related Reading: XRP $1 Threshold On The Horizon? Noted Trader Fuels Speculation This recent listing holds the potential to significantly enhance the exposure of Shiba Inu. Kraken, renowned as one of the largest cryptocurrency exchanges boasting millions of users, provides an ideal platform for SHIB to gain increased visibility among traders and investors alike. As the SHIB community grapples with concerns surrounding its price decline, the listing of SHIB perpetual futures on Kraken Pro opens doors to new trading opportunities and expands the reach of this meme-inspired digital asset. It will also offer optimism amidst the current uncertainty surrounding SHIB&#8217;s future. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from Peakpx<\/p>\n","protected":false},"author":557,"featured_media":536023,"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":[1144,8686,83767,84473,83667],"class_list":["post-536003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Can Shiba Inu Rebound As It Wraps Up May With A 16% Decline?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) is facing a turbulent period as its price chart paints a rather bleak picture. 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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. 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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":"Can Shiba Inu Rebound As It Wraps Up May With A Discouraging 16% Decline?","url":"http:\/\/wncen.com\/news\/can-shiba-inu-rebound\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/can-shiba-inu-rebound\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-3.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-3.png?fit=796%2C598"},"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","shib price","shiba inu"],"dateCreated":"2023-06-01T09:30:19Z","datePublished":"2023-06-01T09:30:19Z","dateModified":"2023-06-01T09:30:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Can Shiba Inu Rebound As It Wraps Up May With A Discouraging 16% Decline?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/can-shiba-inu-rebound\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/can-shiba-inu-rebound\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-3.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-3.png?fit=796%2C598\"},\"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\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-06-01T09:30:19Z\",\"datePublished\":\"2023-06-01T09:30:19Z\",\"dateModified\":\"2023-06-01T09:30:19Z\"}<\/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-3.png?fit=796%2C598","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/536003"}],"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=536003"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/536003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/536023"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=536003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=536003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=536003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}