{"id":45625,"date":"2025-02-18T17:17:53","date_gmt":"2025-02-18T17:17:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=45625"},"modified":"2025-02-18T17:17:53","modified_gmt":"2025-02-18T17:17:53","slug":"another-shiba-inu-shib-price-crash-ahead-3-factors-driving-bearish-sentiment","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=45625","title":{"rendered":"Another Shiba Inu (SHIB) Price Crash Ahead? 3 Factors Driving Bearish Sentiment"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Shiba Inu\u2019s price faces further downside risks due to a sharp drop in Shibarium activity, a collapse in the burn rate, and other factors.
\nHowever, a predominantly negative exchange netflow suggests investors might be moving SHIB off exchanges into self-custody, potentially easing selling pressure and hinting at a short-term price rebound.<\/p>\n

<\/a><\/span><\/h2>\n

What Signals a Severe Pullback?<\/h2>\n

The second-biggest meme coin has not been in good shape lately. Its price has fallen over 25% in the past month, currently trading at roughly $0.00001543.<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

Some key elements indicate the meme coin might <\/span>be headed<\/span> for a deeper correction. One of those is the decreased Shibarium activity.\u00a0<\/span><\/p>\n

Daily transactions processed on the layer-2 scaling solution have <\/span>dropped<\/span><\/a> from over 4.5 million last week to under 100,000 on February 17. Shibarium <\/span>is specifically designed<\/span> to foster the development of the Shiba Inu ecosystem, and its further advancement could positively impact the price of the underlying token. Conversely, its stalled progress may have the opposite effect.<\/span><\/p>\n

Next on the list is Shiba Inu\u2019s burning program. The burn rate has <\/span>collapsed<\/span><\/a> 95% over the last 24 hours, resulting in just 1.7 million tokens sent to a null address. The mechanism\u2019s ultimate goal is to reduce the circulating supply of SHIB, potentially making it more valuable in time.\u00a0<\/span><\/p>\n

Lastly, we will touch upon the overall bearish environment of the entire meme coin niche. <\/span>The sector\u2019s <\/span>total<\/span> market capitalization has slipped by 5% in the past day, currently <\/span>set<\/span> at less than $75 billion.<\/span>\u00a0<\/span><\/p>\n

The vast majority of the memes, including Dogecoin (DOGE), Pepe (PEPE), Official Trump (TRUMP), Bonk Inu (BONK), Floki Inu (FLOKI), and many more have recorded substantial losses.\u00a0<\/span><\/p>\n

Meme coins <\/span>are often driven<\/span> by hype, community sentiment, and speculative trading. A downtrend of the entire sector can dampen enthusiasm, <\/span>leading to reduced<\/span> trading volume and selling pressure on numerous tokens, including SHIB.<\/span><\/p>\n

Something for the Bulls<\/span><\/h2>\n

Despite the aforementioned bearish factors, it is not all doom and gloom, with one on-chain metric suggesting a possible price reversal in the short term.<\/span><\/p>\n

This is Shiba Inu\u2019s exchange <\/span>netflow<\/span> which<\/span>, <\/span>according<\/span><\/a> to CryptoQuant, has been predominantly negative in the last month. The development signals <\/span>about<\/span> a potential shift from centralized platforms toward self-custody methods, which in turn<\/span>, <\/span>reduces the immediate selling pressure.<\/span><\/p>\n

The post Another Shiba Inu (SHIB) Price Crash Ahead? 3 Factors Driving Bearish Sentiment<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Shiba Inu\u2019s price faces further downside risks due to a sharp drop in Shibarium activity, a collapse in the burn rate, and other factors. However, a predominantly negative exchange netflow suggests investors might be moving SHIB off exchanges into self-custody, potentially easing selling pressure and hinting at a short-term price rebound. What Signals a […]<\/p>\n","protected":false},"author":0,"featured_media":45626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-45625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45625"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45625"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/45626"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}