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.<\/p>\n
As of this writing, SHIB is up by 2.66% or at $0.00001217.<\/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.<\/p>\n\n
Chart: TradingView.com<\/p>\n
Shiba Inu On A Flatline?<\/p>\n
It\u2019s uncertain why Shiba Inu has been showing a flatline or sluggishness in performance \u2013 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.<\/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.<\/p>\n
Shibaswap Outperforming BAYC And OpenSea<\/p>\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.<\/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.<\/p>\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.<\/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.<\/p>\n\n
SHIB total market cap at $384 billion on the weekend chart | Source: TradingView.com<\/p>\n
Featured image from Slate.com, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
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.<\/p>\n
As of this writing, SHIB is up by 2.66% or at $0.00001217.<\/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.<\/p>\n
Chart: TradingView.com<\/p>\n
Shiba Inu On A Flatline?<\/p>\n
It\u2019s uncertain why Shiba Inu has been showing a flatline or sluggishness in performance \u2013 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.<\/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.<\/p>\n
Shibaswap Outperforming BAYC And OpenSea<\/p>\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.<\/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.<\/p>\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.<\/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.<\/p>\n
SHIB total market cap at $384 billion on the weekend chart | Source: TradingView.com<\/p>\n
Featured image from Slate.com, chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-5086","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=5086"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5086\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5086"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}