Are you ready to erase a zero?

Important points:

  • Shiba Inu has accumulated losses of more than 7% last week, but its fundamentals will push the price of memecoin higher.
  • Shibarium’s trading volume has recovered again after a sharp decline in December 2023.
  • In just one day, the average transaction volume increased from 4.3 million to 6.2 million.

CoinMarketCap data shows Shiba Inu Despite the positive catalysts, it fell more than 7% last week.

First, the trading activity in the past 24 hours Cheese House surged more than 140%, from 4.3 million per day 6.2 million.

Good news for investors worried about recession reduce In December, transaction volume increased from 7.5 million to 4.5 million. Significant crash.

As a result, analysts now expect SHIB’s price to resume its upward trend in the near term. The question is, are you ready to erase zero?

The evolution of Shiba Inu prices

If we compare performance SHIB With major cryptocurrencies e.g. Bitcoin and Ethereum We’ll notice that meme coins haven’t increased that much.

Over the past 12 months, SHIB recorded Only an increase of 15.3%while BTC and ETH rose by 159% and nearly 77% respectively.

However, gains in the last three months have been even: Shiba Inu is up 34.5%, Bitcoin is up 56.6%, and Ethereum is up 36%.

It’s worth noting that SHIB didn’t have the best start to the year as the overall market, with a drop of more than 6%.

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