The price of SHIB has been in a retracement and consolidation phase over the past six weeks. Transaction fees on the Shibarium network have been dropping, indicating reduced user activity and potential drop in demand.
The price chart and indicators suggest that SHIB is in a consolidation phase. The 30-day MVRV ratio shows the asset is undervalued, while the mean coin age is trending upwards. Open Interest has also decreased in the past ten days.
SHIB Price Consolidation Transaction Fees Shibarium User Activity Demand MVRV Ratio Mean Coin Age Open Interest
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin price consolidates below $68k, Standard Chartered predicts $250k peak this cycleThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin price consolidates below $70k after volatile week, analysts remain bullishThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Shiba Inu (SHIB) rival: SHIB holders double profits in new meme cryptocurrencyAs Shiba Inu (SHIB) holders look for new opportunities to grow their wealth, Shiba BudzShiba Budz (BUDZ) presents itself as a compelling...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Top 3 Reasons Shiba Inu (SHIB) Investors Shift From SHIB To BUDZThe movement of investors from one token to another can signal shifts in sentiment, opportunities for growth, and emerging trends...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Pepecoin (PEPE) vs Shiba Inu (SHIB): SHIB holders remove PEPE to focus on new meme rivalShiba Inu (SHIB) holders are beginning to divest from Pepecoin (PEPE), shifting their allegiance to Shiba Budz (BUDZ).
Source: CryptoAmb - 🏆 22. / 68 Read more »
Shiba Inu [SHIB], Dogecoin: What’s this week’s price prediction?Dogecoin retested a vital support level, like Shiba Inu, but it saw a more bullish reaction and greater demand than SHIB in recent days.
Source: CryptoAmb - 🏆 22. / 68 Read more »