Why Shiba Inu Price Might Boom as Exchange Deposits Hit 3-Year Low

Quick Summary:

Shiba Inu price is trending inside a range after failing to sustain above the range in the recent market-wide rally.

Despite the consolidation, the market sentiment around Shiba Inu is bullish as traders anticipate it may surge higher.

This assessment is evident in the network realized profit/loss metric, which hit a 4-month low during Shiba Inu price consolidation.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Shiba Inu Price Price Analysis Shiba Inu price prediction SHIB Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 06:02:57 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 46 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22304876

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 17 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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