Shiba Inu price analysis: SHIB crashes further to the $0.00001169 mark

Today's 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 spike and increased to $0.00001420, from $0.00001060; on May 13, 2022, SHIB/USD lost momentum and obtained a massive decreasing movement.

Timeline of Shiba-inu

BTC/USD Long positions on Bitfinex skyrocketed in the past couple of days and encouraged traders to believe that the local bottom was in for Bitcoin. BTC did indeed bounce from $28.8k to $30.8k but fell once more to trade at $29.3k at press time.

Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today's session. Polkadot (DOT) DOT was one of today's biggest gainers, as

Shiba Inu price analysis for today is bearish as the market has failed to break out of the descending triangle pattern. The $0.00002764 resistance is still in play and if the market fails to break out of it, we could see a further decline towards the $0.00000917 support.

Shiba Inu price has dropped down to levels that were last seen in late September 2021 before the altcoin began its well-known exponential run-up to new highs. This massive crash comes at a time when the entire market is plagued with fear and where investors are panic selling their holdings in a frenzy.

The Shiba Inu ecosystem has been consistent with its updates as developers have been working hard at it. According to the official Shiba Inu blog post, the primary financial components, Shibarium, SHI and SHIBFE, are underway and shall be soon completed.

The Shiba Inu ($SHIB) community could soon have a token donation portal to complement its token burn portal in a bid to help burn tokens and decrease the cryptocurrency's circulating supply. During an interview with Gfinity Esports Trophias, a Shiba Defence Breed member who has called for a donations portal on Shiba Inu's Discord server

Today's 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 $0.00001122, from $0.00001667; on May 11, 2022, SHIB/USD lost further momentum and obtained a massive decreasing.

A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi's Vision.' Riyoshi is the project's anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his judgment and decision-making.

The top 1,000 Ethereum ($ETH) whales are currently holding nearly $900 million worth of the meme-inspired cryptocurrency Shiba Inu ($SHIB), making it their largest holding beyond Ethereum's native currency. According to data shared by whale monitoring service Whale Stats, the top 1,000 ETH whales are holding onto $989 million worth of SHIB, with FTX's $FTT

The Shiba Inu ecosystem has been experiencing regular network updates, courtesy of its developers. Just a few weeks after the conclusion of the first and second phase of land sale on the Shiba Metaverse, lead developer Shytoshi Kusama outlined developments that are expected on the network in the near future via a blogpost.