{"id":51503,"date":"2025-03-12T12:03:43","date_gmt":"2025-03-12T12:03:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51503"},"modified":"2025-03-12T12:03:43","modified_gmt":"2025-03-12T12:03:43","slug":"shiba-inu-shib-price-recovery-3-factors-driving-the-bullish-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51503","title":{"rendered":"Shiba Inu (SHIB) Price Recovery: 3 Factors Driving the Bullish Move"},"content":{"rendered":"

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

A broader crypto rebound has pushed BTC, ETH, and major altcoins higher, with SHIB following the trend, gaining 5% in 24 hours.<\/p>\n

Upcoming US CPI data and potential Ukraine peace talks may influence market sentiment in the short term, determining whether SHIB\u2019s bullish momentum continues or reverses.<\/p>\n

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

The Potential Catalysts<\/h2>\n

After underperforming over the past few weeks, Shiba Inu (SHIB) has finally charted a solid price rally in the last 24 hours. It currently trades at around $0.00001232 (per CoinGecko\u2019s data), representing a 5% increase for the timeframe.<\/span><\/p>\n

<\/a><\/p>\n

An <\/span>important<\/span> element that <\/span>may have<\/span> positively impacted the valuation is Shibarium\u2019s resurgence.<\/span> Shiba Inu\u2019s layer-2 blockchain solution has <\/span>processed<\/span><\/a> almost 250,000 transactions in the past 24 hours, <\/span>which is<\/span> a substantial rise compared to the number of daily transactions witnessed earlier this month.<\/span><\/p>\n

Shibarium <\/span>is specifically designed<\/span> to foster the development of the meme coin\u2019s ecosystem. Earlier this month, the popular analyst Davinci Jeremie <\/span>suggested<\/span><\/a> that SHIB could go \u201cto the moon,\u201d but this would depend on the protocol\u2019s progress.<\/span><\/p>\n

\u201cI like Shiba Inu, as you know, and <\/span>I think<\/span> it will do relatively well in this cycle, but it may not go as high as you expect.<\/span> I think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it\u2019s a chain that you can\u00a0<\/span>actually<\/span> run all kinds of applications.<\/span><\/p>\n

However, nobody is using it, and there are no applications for using your tokens on Shibarium yet. If they get that solved, Shiba Inu will go to the moon,\u201d Davinci stated.<\/span><\/p>\n

Another factor that <\/span>should be mentioned<\/span> is SHIB\u2019s exchange <\/span>netflow<\/span>. According to CryptoQuant, the figure has been <\/span>on a downtrend<\/span><\/a> in the past week, signaling a possible shift from centralized platforms toward self-custody methods. This development reduces the immediate selling pressure.<\/span><\/p>\n

CryptoQuant\u2019s data also <\/span>shows<\/span><\/a> that SHIB\u2019s reserves stored at exchanges have dropped to an almost four-year low of approximately 94.2 trillion tokens.\u00a0<\/span><\/p>\n

The Market\u2019s Rebound<\/span><\/h2>\n

Lastly, Shiba Inu\u2019s revival could <\/span>be attributed<\/span> to the recovery of the cryptocurrency sector. Bitcoin (BTC), Ethereum (ETH), and most leading digital assets have charted solid gains in the past 24 hours, erasing some <\/span>of the<\/span> losses incurred in the last few weeks.<\/span><\/p>\n

Meme coins, including SHIB, often follow the overall trend. It is worth mentioning that the next few days may offer additional volatility due to the release of the US CPI data and the potential negotiation talks about peace in Ukraine.<\/span><\/p>\n

This<\/span> could solidify the current bullish move, or the bears might retake control if the news is <\/span>not so positive<\/span>.\u00a0<\/span><\/p>\n

The post Shiba Inu (SHIB) Price Recovery: 3 Factors Driving the Bullish Move<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR A broader crypto rebound has pushed BTC, ETH, and major altcoins higher, with SHIB following the trend, gaining 5% in 24 hours. Upcoming US CPI data and potential Ukraine peace talks may influence market sentiment in the short term, determining whether SHIB\u2019s bullish momentum continues or reverses. The Potential Catalysts After underperforming over the […]<\/p>\n","protected":false},"author":0,"featured_media":51504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51503","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\/51503"}],"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=51503"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/51504"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}