The Shiba Inu Prize remains because the volume and the traction of Pepe, Keke, Ben rise
The Shiba Inu Prize remains because the volume and the traction of Pepe, Keke, Ben rise
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The price development of Shiba Inu remained behind that of new meme tokens like Keke, Ben and Pepe.
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The volume of Shiba Inu In the last 24 hours, $ 120 million is $ 500 million compared to Pepes.
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many inexperienced crypto retailers buy meme tokens that are clearly fraud.
shiba inu The price has recently decreased, since the focus is still on the upcoming alternatives such as biscuit, Ben, Pepe and Bambi. Shib was traded at $ 0.0000090, which has been the lowest level since January 13th. It fell by more than 42 % from the highest level in March.
The meme coin season continues
A majority of news issues in cryptocurrency In the industry, the meme coin season is. In the past few days we have seen how many new meme coins have developed out of nowhere into the largest coins in the industry.
Shiba Inu, the world's second largest meme coin in the world after Dogecoin, was abandoned because investors focus on these new tokens. For example, data from CoinmarketCAP show that Shiba Inu trading volume is only $ 120 million in the last 24 hours.
On the other hand, Pepe's trade volume amounts to around $ 508 million in the same period. It is the fourth coin to Bitcoin, Ethereum and Sui. At Ben, another meme coin, the volume rose to $ 79 million, which is a considerable number in view of the fact that it is a relatively new token.
other smaller meme coins such as biscuit, Fourcoin and Bambi recorded a leap in volume.
However, the risk is that many crypto dealers buy tokens that are repeatedly unloaded. As we wrote here Some whales have started moving their pepe tokens. In fact, the prices of most of these new meme coins from their all-time high have fallen strongly. Since you lack a clear benefit, I assume that most of these tokens will fall strong in the near future.
Shiba Inu price forecast
On the daily chart we see that the Shib Prize has been in a strong downward trend in the past few weeks, as attention was shifted to the new meme coins. The token managed to fall under the important support brand of $ 0.0000096, the lowest level on March 10th.
Shiba Inu remains below the sliding 25 and 50-day average, while the relative strength index (RSI) has moved to the oversized level. Therefore, the prospects of the token are still pessimistic, whereby the next value that should be kept in mind is $ 0.0000080. A movement about the resistance brand of $ 0.000010 would invalidate the bear-of-bearing assessment.
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Source: Coinlist.me
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