Shiba Inu Drops 3% in the Last 24 Hours
The price of Shiba Inu has experienced a minor 3.36% drop in the last 24 hours. At 1:52 am EST, the token was trading around the $0.0000086 mark. Its market capitalization is now $4.9 billion, with a trading volume of $170 million.
Shibarium Beta Bridge Live
Shibarium, the Ethereum bridge for Shiba Inu, has gone live. This bridge allows users to transfer tokens between Shibarium and Ethereum. The bridge is currently in public testing, with a transfer speed of 30 minutes. It is expected to fully operate next month.
Shiba Inu Price Analysis
Shiba Inu has been showing a jagged pattern of upward movement since June 12th. Although there are occasional retraces, like the current 3% drop, the overall sentiment remains positive. The token has a slightly overbought RSI of 60 and a positive MACD, indicating positive sentiment.
Shiba Inu’s Alternative – Wall Street Memes
Wall Street Memes is a presale crypto project that aims to turn memecoins into wealth-generating investments for the community. Inspired by Wall Street Bets, the project focuses on memes and leverages social media traction and humor. It has already raised over $18.7 million and is closing in on its $20 million target.
Hot Take
Despite the recent minor decline, Shiba Inu continues to have a positive outlook. The launch of the Shibarium bridge and the overall bullish sentiment in the crypto market are contributing to its growth. However, Wall Street Memes presents an interesting alternative for those looking for a community-centric and meme-focused investment opportunity.
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