Global #Shiba Inu

The quantity of tokens being transferred to the burn address has significantly increased, according Shibburn data.

Around April 17th, Shiba Inu (SHIB) may experience a price uptick due to a significant technical indicator suggesting a nearing convergence between the 50-day Exponential Moving Average (EMA) and SHIB’s current price.

Though they haven't gained much traction lately, well-known memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) still have the potential to gain 200%–300% during the next bull run.

Shiba Inu ($SHIB), a meme-inspired cryptocurrency, has dropped roughly 23% of its value in the last month, having rising more than 270% during the previous six months amid a broader cryptocurrency market spike.

In addition to the soon-to-be MEXC listing, BitMart has verified that Bitcoin Cat will be listed on their platform.

With a community that keeps expanding even years after its initial release, Shiba Inu continues to surpass expectations. The dog-themed coin's trading volume has increased on exchanges due to user interest, and in certain circumstances, it has even surpassed other coins in terms of volume traded.

Meme tokens like Floki (FLOKI) and Shiba Inu SHIB/USD Pepe (PEPE) have drawn the interest of Indian investors and are presently king of the trading scene on WazirX, one of the country's top cryptocurrency exchanges.

Although Shiba Inu (SHIB) is the second-largest meme coin available, dogwifhat (WIF) poses a serious threat to it in one area. Does this suggest that SHIB will continue to decline on the daily chart, or is a recovery more likely?

With new initiatives popping up all the time and existing businesses fighting for supremacy, the cryptocurrency market is unpredictable but has the potential to be very profitable.