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The wind turns for lovers of Shiba Inu. Not only does their favorite crypto fall in the classification of digital assets, but other key indicators are also disturbing. After a drop in prices, it is now Shibarium, the project blockchain, which collapses in terms of activity. In a few days, the daily volume of transactions dropped by 96%. What’s going on in the Shiba Inu ecosystem?
Shibarium in distress: a shaken confidence
The Shibarium blockchain, intended to stimulate the use of shibs, crosses a storm. According to Shibariumscan, The number of daily transactions collapsedGoing from 4.77 million to 52,410 in just one week.
A few alarming figures::
- Transactions down 98%;
- A drop of 60% in 24 hours;
- The reduced activity of 79% for dark whales (Ali Martinez).
This slowdown occurs in the context of a Dark global perspectives For the cryptography market. Bitcoin himself has trouble maintaining his peaks, and his fall has an impact on all altcoins.
Is Shibarium the victim of a simple correction or a deeper disinterest?
Shib price: support levels to monitor
The figures speak for themselves: in a month, The price of shib melted 23.9%And in 24 hours, it lost 2.24%. Coinmarketcapp is currently placed around $ 0.000015.
Crypto analyst Ali Martinez warns:
“” Shiba Inu has lost a key level of support! The following thresholds to monitor are $ 0.000011 and $ 0.00,0008. “”
If these thresholds give in, the damage could be even heavier. Moreover, The drop in shibarium transactions also reduces shib burning mechanismsStill slowing down its rarity and, therefore, any potential increase in prices.
The question remains: Can Shiba Inu still repeat its past exploits, or this time, is the machine blocked?
The crypto market penalizes the same
If Shib suffeers, it is not an isolated case. Same Overall, face A difficult phase. The cryptography market, dominated by Bitcoin and Ethereum, tends to see these more speculative digital assets suffer more during corrections.
However, with a BTC remained below $ 100,000The entire sector is paralyzed.
On the other hand, the current market capitalization of Shiba Inu limits its growth margins. If, by miracle, Shib was to reproduce Its spectacular rise of 2021 (+ 884,400%), it would reach $ 0.134, which would increase its capitalization to… 80 billions of dollars. To say that it is a utopia!
In reality, without a strong catalyst, the future of Shiba Inu seems to be compromised in the short term. Will the community be able to revive the machine, or has the enthusiasm for Shiba discolorated slowly?
January was a disastrous month for Shib, and February does not promise to be brighter. Investors, who hoped for a rebound, can see their hopes fade even more. Was the end of the correction Just a mirage?
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The Blockchain and Crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy of this world, countertopury, I would say that I was there for YL
Non-liability clause
The points of view, the thoughts and opinions expressed in this article belong only to the author and must not be considered as investment advice. Do your own research before making investment decisions.