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The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside […]Powered by WPeMatico
Shiba Inu’s massive gains all across October may pare on potential bearish divergence signals and an overvalued relative strength index.
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The price of the Dogecoin-inspired meme cryptocurrency has been consolidating inside a structure that appears like a Bull Pennant.
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The sharp upside retracement surfaces as retail frenzy around Shiba Inu hints at testing May peak levels.
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The Dogecoin spinoff sprinted past popular blockchain protocols like Stellar and Polygon to become an $11 billion crypto project.
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SHIB is notably mirroring its mentor Dogecoin’s price moves from the Feb-April 2021 session, raising possibilities of dump ahead.
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