Shiba Inu Price drops another 6% today - But Here's a New Meme Coin Set to Explode

Shiba Inu has dropped by 6.4% in the past 24 hours. SHIB's 24-hour dip adds to the intense bearish pressure that has seen it lose 19% of its value over the past month. At the time of writing, SHIB was trading at $0.00001124.

Timeline of Shiba-inu

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After breaking out of its falling wedge in early September, Shiba Inu's [SHIB] bull run saw an expected reversal from the $0.0134-$0.0138 resistance range.

The price trend of Shiba Inu has been following the rest of the cryptocurrency market and remains negative. Notably, SHIB is still seeking to reclaim the high points it reached last year, when the value and popularity of the popular meme coin surged.

SPONSORED POST* The meme sector is an interesting part of the coin market. Formerly coins with no utility, meme coins are some of the largest and most successful projects in the crypto space. Many meme coins have found a way to integrate utility into what they offer traders.

Shiba Inu prices experienced a significant increase in the midst of August, peaking at about 0.00001800 and then falling to an average price of $0.0000805. Midway through August, the prices arrived at the lower support level of the parallel channel after a prolonged decline.

Shiba Inu, one of the most popular meme coins in the world, did not make any promising price movements lately as it registered negative 6% growth in the last seven days. However, with several developments happening in the ecosystem, SHIB can help turn the table around in its favor.

Flasko has been making waves recently because of its unique marketplace and goals. Many investors from top projects like Shiba Inu (SHIB) and Solana (SOL) have been looking into it, and in this article, we find out what makes it so special.

Shiba Inu launched their Blockchain-based card game in Australia on September 17, and the SHIB community is patiently waiting for updates about the game's expansion plans. This week, Shiba Inu announced a critical update that will see the game's development team focus on building out the game's community and ecosystem.

After the Shiba Inu (SHIB) announced plans to reduce the total circulating supply, the developers will give yet another update. On Thursday, SHIB developers are scheduled to give further update on Shiba Eternity, the game recently launched by the team.

The crypto market has changed drastically in the last six months. Since projects have suffered heavily during the market crash, investors are forced to revamp their investment strategy.

Shiba Inu recently implemented a rigorous token burn campaign, leaving the SHIB army ecstatic, but will the price manage to recover? The post Shiba Inu Price Readies for Rally After 410 Trillion SHIB Burned to Date appeared first on BeInCrypto.