{"id":54557,"date":"2025-03-26T10:54:46","date_gmt":"2025-03-26T10:54:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=54557"},"modified":"2025-03-26T10:54:46","modified_gmt":"2025-03-26T10:54:46","slug":"shiba-inu-shib-soars-by-16-daily-what-drives-the-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=54557","title":{"rendered":"Shiba Inu (SHIB) Soars by 16% Daily: What Drives the Surge?"},"content":{"rendered":"

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

Shiba Inu has outperformed BTC, ETH, DOGE, and many other well-known cryptocurrencies <\/span>in terms of daily gain<\/span>.<\/span>
\nCheck out some <\/span>of the<\/span> factors that have potentially played a role in the price jump.<\/span><\/p>\n

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

SHIB on the Run<\/h2>\n

The popular meme coin has witnessed a solid revival in the past 24 hours, with its price pumping by approximately 16%. <\/span>Currently,<\/span> it trades at around $0.00001545 (per CoinGecko\u2019s data), <\/span>which is<\/span> the highest level registered in more than a month.<\/span> SHIB\u2019s market capitalization jumped above $9 billion, making it the 16th-largest cryptocurrency.
\n<\/span><\/p>\n

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

It is important to note that the rally occurred <\/span>shortly<\/span> after Shiba Inu\u2019s team <\/span>teased<\/span><\/a> the upcoming launch of its DeFi platform \u2013 Shib Finance.\u00a0<\/span><\/p>\n

\u201cIn the future, Shib Finance will take the Shib ecosystem to a whole new level \u2013 moving beyond swapping tokens to offering full financial services like lending, borrowing, saving, and more,\u201d the announcement reads.<\/span><\/p>\n

The DeFi platform will utilize tools like the Karma Engine, Shib Attestation, and a Privacy-Powered Identity Layer to allow users to \u201cbuild trust through their activity and reputation in the ecosystem.\u201d<\/span><\/p>\n

Another element that could <\/span>be linked<\/span> to SHIB\u2019s latest resurgence is the amount of Shiba Inu stored at exchanges. <\/span>According<\/span><\/a> to CryptoQuant, the figure has recently dropped to a four-year low, signaling a potential shift from centralized platforms toward self-custody methods. <\/span>This<\/span>, in turn, reduces the immediate selling pressure.<\/span><\/p>\n

The overall market revival could have also <\/span>played a role in<\/span> SHIB\u2019s price pump. Bitcoin (BTC) has reclaimed $88,000, while Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Sui (SUI), and many more have charted significant gains on a 24-hour scale. The entire market capitalization of the crypto sector currently stands at the psychological level of $3 trillion.<\/span><\/p>\n

It\u2019s Not All Sunshine and Roses<\/span><\/h2>\n

Contrary to the aforementioned bullish factors, SHIB\u2019s Relative Strength Index (RSI) signals that a potential correction is not out of the cards. <\/span><\/p>\n

The technical analysis tool, which measures the speed and change of price movements, has recently <\/span>spiked<\/span><\/a> to almost 90. Typically, readings above 70 indicate the asset has entered overbought territory and might be gearing up for a pullback. On the other hand, anything below 30 is considered a buying opportunity.<\/span><\/p>\n

The post Shiba Inu (SHIB) Soars by 16% Daily: What Drives the Surge?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Shiba Inu has outperformed BTC, ETH, DOGE, and many other well-known cryptocurrencies in terms of daily gain. Check out some of the factors that have potentially played a role in the price jump. SHIB on the Run The popular meme coin has witnessed a solid revival in the past 24 hours, with its price […]<\/p>\n","protected":false},"author":0,"featured_media":54558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54557","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\/54557"}],"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=54557"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54558"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}