Penny Cryptos That Are Retrieving the Bear Market: Logarithmic Finance (LOG) and Shiba Inu (SHIB)

The past week saw a tremendous crash in the crypto market. The downward trend has almost been a constant since the beginning of the financial year and has growingly become a concern for investors and analysts alike.   The bear crypto market might build an air of scepticism but could also be seen as the …

Timeline of Woodcoin, Shiba-inu

Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of SHIB significantly. After that, however, the cost of SHIB experienced a crash and decreased to $0.00000808, from $0.00000829; on June 17, 2022, SHIB/USD lost further momentum and obtained a massive decreasing movement.

The idea of cryptocurrencies is to build decentralised finance, a world where financial power returns to the people as individuals, as opposed to governments or third parties or centralised systems. But the central theme is wealth generation potential embedded in every cryptocurrency. Solana (SOL), Uniswap (UNI), and Logarithmic Finance (LOG) are some of such cryptocurrencies …

A key technical indicator for the meme-inspired cryptocurrency Shiba Inu ($SHIB), the Relative Strength Index (RSI), is suggesting that the cryptocurrency is currently oversold after a major sell-off occurred in cryptocurrency markets. According to data from crypto analytics firm CryptoQuant, Shiba Inu's RSI is currently at 17, which suggests the cryptocurrency is strongly oversold. The

Shiba Inu price analysis displays partial bearish movement in the market, and the market moves towards a somewhat upward direction, raising the price of SHIB. After that, however, the cost of SHIB experienced an increment and reached $0.00000830, from $0.00000803; on June 16, 2022, SHIB/USD gained further momentum and obtained a further increasing movement the following.

Shiba Inu price analysis suggests an upwards movement to $0.00000900 The closest support level lies at $0.00000800 SHIB faces resistance at the $0.00000866 mark. The Shiba Inu price analysis shows that SHIB was unable to climb past the $0.00000900 mark, and the rejection has caused the price to fall back to the $0.00000800.

Dog-themed coin Shiba Inu never fails to make noise. With the gripping crypto market crash happening, majority of American investors have hit the panic button and consider selling their digital assets – at which SHIB happens to top the list.

Despite the current market downturn, many big-hitters in the crypto world are increasing their holdings. Some believe this could be the time to “buy the dip”. While nobody knows how long this bear market will continue for, that whales are increasing their holdings of certain coins could be good news for the industry. These whales …

Shiba Inu price analysis shows price finally moving upwards after an extended bearish period, where price touched a 3-month low point of $0.00007846. The descending pattern emerged on June 7, 2022 after a brief horizontal run where price remained above the $0.00001100 mark.

The Shiba Inu ($SHIB) community has been rallying to burn more tokens amid the recent cryptocurrency market downturn, as it's seen as a “huge opportunity” to reduce the meme-inspired cryptocurrency's circulating supply. Shiba Inu's price has dropped 90% from its all-time high seen late last year, with the cryptocurrency currently trading at around $0.00000803 after

Shiba Inu (SHIB) plummeted during the crypto market crash of May and this led to a significant decline in the market value of one of the most popular meme-inspired currencies. The post Shiba Inu (SHIB) Market Cap Slashed by More Than $5B in May appeared first on BeInCrypto.