Shiba Inu (SHIB) has seen a crucial reversal in the market, with Toncoin (TON) delivering a harsh rejection. A rivalry is heating up between SHIB and Mpeppe, potentially drawing away investors. SHIB's burn rate is seeing an impressive 8000% increase, suggesting a possible bullish breakout. Despite market sentiment for Dogecoin and Shiba Inu remaining somewhat unclear for 2024, there are analyses predicting SHIB will reach a new all-time peak around wave 3. A significant decline in wallets holding small SHIB quantities and a tremendous level of FUD surrounding the coin is noted, as well as an unfortunate breach at Indodax exchange seeing billions of SHIB tokens stolen. On a positive note, anticipation is strong for SHIB and GoodEgg (GEGG) to see an enormous surge if Bitcoin hits the $110,000 mark. However, the journey for meme coins like SHIB, DOGE and PEPE remains fraught with volatile tides.
Shiba Inu's plummeting indicators are a cause for concern, while other altcoins are preparing to outrival it. Despite these challenges, some industry experts are still staking high hopes on SHIB, predicting it could jump to $0.001 post-ETF approval. Nevertheless, the current bearish pressure on SHIB's trading seems to hint at an opposing reality.
SHIB Coin News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Thu, 12 Sep 2024 02:00:16 GMT -
Rating 2
- Innovation -8
- Information 3
- Rumor -4
