SHIB Faces 7.4% Drop in a Week, Yet Market Sentiment Stays Hopeful
Despite a downward trend, institutional interest in SHIB appears to be growing, with numerous new millionaire wallets reported.
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Despite a downward trend, institutional interest in SHIB appears to be growing, with numerous new millionaire wallets reported.
Recent developments highlight a significant uptick in Bitcoin's price, creating a favorable environment for memecoins like Shiba Inu and Dogecoin.
A recent report revealed that Ripple (XRP) is now the leading cryptocurrency in India, overtaking Bitcoin and Shiba Inu in trading volume.
Amid market turbulence due to geopolitical tensions, Shiba Inu is showing signs of recovery while achieving a significant transaction milestone with Shibarium.
Despite a drop in Shiba Inu's price, traders are holding firm, buoyed by substantial supply control and rising transaction numbers on Shibarium.
Bitcoin maintains its position above $87,000 while Dogecoin and Shiba Inu experience significant surges as traders remain vigilant regarding U.S. tariffs.
This partnership aims to leverage blockchain applications within public sector services, potentially increasing the appeal of Shiba Inu.
The collaboration between Shiba Inu and the UAE Ministry of Energy and Infrastructure aims to integrate innovative Web3 technologies into public services.
The memecoin segment has rapidly expanded, now accounting for over 11% of the crypto market, driven by assets such as Dogecoin and Shiba Inu.
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