One sentence summary – Despite the low price of Shiba Inu (SHIB) following the launch of Shibarium, a decentralized exchange on the Ethereum blockchain, investor confidence in the meme cryptocurrency remains strong, with a significant outflow of SHIB tokens from exchanges indicating growing trust in its long-term potential.
At a glance
- Shiba Inu (SHIB) has seen a surge in investor confidence despite its low price after the launch of Shibarium, a decentralized exchange (DEX) on the Ethereum blockchain.
- Investor confidence in SHIB remains strong despite its low price.
- A significant outflow of SHIB tokens from exchanges suggests growing trust in its long-term potential.
- SHIB’s market capitalization is over $4.7 billion, indicating its substantial presence in the crypto market.
- SHIB’s social volume and weighted sentiment have experienced a significant spike, reflecting increased discussion and positive sentiment surrounding the token.
Shiba Inu (SHIB), a meme cryptocurrency, has seen a surge in investor confidence despite its price remaining low following the recent launch of Shibarium, a decentralized exchange (DEX) on the Ethereum blockchain.
The price of SHIB remains low after the Shibarium launch, currently valued at $0.000008121.
Despite the low price, investor confidence in SHIB has been notably strong.
A significant outflow of SHIB tokens from exchanges has been observed, indicating that investors are holding onto their assets.
This outflow suggests a growing trust in the long-term potential of SHIB.
The market capitalization of SHIB in Bitcoin terms is currently a topic of discussion in the cryptocurrency community.
Over the last 24 hours, the price of SHIB has seen a positive movement, rising by more than 2.5%.
This increase may be due to the growing confidence among investors.
SHIB has a market capitalization of over $4.7 billion, indicating its substantial presence in the crypto market despite its low individual price.
In the past week, two trillion SHIB tokens have been removed from exchanges.
This removal indicates a shift towards long-term holding strategies by SHIB token holders.
Following the recent price increase, SHIB’s social volume and weighted sentiment have experienced a significant spike.
This spike reflects increased discussion and positive sentiment surrounding the token.
Bearish sentiment around SHIB has decreased by more than 60% in the last 24 hours.
This decrease further highlights the growing optimism among investors.
Whale activity around SHIB surged on August 28, indicating significant interest from high-volume traders.
This surge could potentially contribute to the positive price movement.
SHIB’s MVRV Ratio (Market Value to Realized Value) and one-day price volatility have both shown an increase in the last 24 hours.
This increase suggests heightened market activity and potential trading opportunities.
Shiba Inu’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) indicators have registered upticks, indicating an influx of buying pressure.
However, the Relative Strength Index (RSI) has remained relatively stable during this period.
Shibarium, the recently launched DEX, has gained momentum in daily transactions after a temporary decline.
As of now, Shibarium has executed over 440,000 transactions.
It boasts over 101,000 wallet addresses.
Shibarium also maintains an impressive average block time of five seconds.
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|– SHIB’s price remained low after the Shibarium launch
– SHIB saw a massive outflow from exchanges, indicating investor confidence
– SHIB’s market cap in BTC terms is being discussed
– SHIB was up by more than 2.5% in the last 24 hours
– SHIB’s price was $0.000008121 with a market capitalization of over $4.7 billion
– Two trillion SHIB tokens were removed from exchanges in the last week
– SHIB’s social volume and weighted sentiment spiked after the price hike
– Bearish sentiment around SHIB decreased by more than 60% in the last 24 hours
– Whale activity around SHIB surged on August 28
– SHIB’s MVRV Ratio and one-day price volatility increased in the last 24 hours
– Shiba Inu’s MFI and CMF registered upticks, while the RSI moved sideways
– Shibarium’s daily transactions gained upward momentum after a decline
– Shibarium had executed over 440,000 transactions, had over 101,000 wallet addresses, and an average block time of five seconds.