Shiba Inu, Bone, Leash Grab Top-10 Spot: Report

The weekend was devoid of price action. Bitcoin continued consolidating around $28k, while most other altcoins remained rangebound. During the Asian trading hours on Monday, March 27, the global crypto market cap was up by a mere 0.8% and reflected a value of $1.16 trillion.

As far as the Shiba network triplets—SHIB, LEASH, and BONE—are considered, only the leader was trading in the green, while the others had borderline red numbers. At press time, Shiba Inu was up by 0.47% over the past 24 hours, while Doge-killer LEASH and Bone, ShibaSwap were down by 0.98% and 0.2% respectively.

Nevertheless, the Shiba Inu ecosystem coins’ continue to put forward their best foot in the social game. A recent tweet from LunarCrush revealed that SHIB, BONE, and LEASH were all listed on the top 10 coins based on social engagements.

This metric gauges the depth of conversations within posts and indicates actively participating communities. As illustrated below, SHIB stood below BTC and MANA, occupying the third spot. LEASH and BONE ranked 7th and 8th respectively.

Also Read – Shiba Inu: The Rise From Memes to Millions

Whales continue pouncing on Shiba Inu

Leaving aside social statistics, SHIB remains on the radar of large market participants. Data from WhaleStats revealed that, SHIB was back on the top 10 by trading volume list among the 500 biggest Ethereum whales. This means whales are actively indulging in SHIB-related transactions.

Also Read: Shiba Inu Flips Chainlink to Become “Most Traded” Crypto

Furthermore, on the price front, Shiba Inu continues to consolidate within a narrow range. As illustrated below, it has been chiefly revolving in the price band between $0.00001002 and $0.00001095. Right above the same lies a strong resistance cluster, and only with adequate buy-pressure would SHIB be able to break past it.

SHIB/USDT by TradingView

Also Read – Shiba Inu: Top Japanese Exchange To Start ‘Handling’ SHIB

  • Bone
  • leash
  • shib
  • shiba inu

Comments

Post a Comment

Popular posts from this blog

Fetch.ai Price Prediction: FET Pumps 14% On Nvidia Earnings As AI Cryptos Boom And Analysts Say This New Solana Meme Coin Might Outperform BONK, WIF And MYRO

Image
The Fetch.ai price has soared by 14.5% in the past 24 hours to trade at $1.12 as of 8:15 a.m. EST on trading volume that surged 10.5% to $612 million. This surge came after AI chip maker Nvidia reported that fourth-quarter earnings had surpassed market expectations, buoying most of the AI crypto sector. Other AI cryptos to surge included Render (RNDR), Akash Network (AKT), and Bittensor (TAO), all ascending by double digits. Fetch.ai Price Susatains Bullish Momentum Above the Bullish Pennant FETUSD Analysis by Tradingview The Fetch.ai price indicates a continued uptrend after breaking from the consolidation stage. However, the resistance level at $0.78 has led to the formation of a bullish pennant, which signals a bullish trend reversal. However, the bulls seem to have acted on the pennant, indicating resilience on the $0.4424 support zone and flying the price past the $0.78 resistance, confirming the bull rally to the $1.17 resistance level. The technical indicators are bul...
Read more

Bitcoin slicing through this resistance could send it over $47k

Image
Although the majority of assets in the cryptocurrency sector got off to a slow start this week, Bitcoin (BTC) could be looking at a massive advance toward and beyond the threshold of $47,000 soon, provided it manages to break the key resistance that currently stands in its way. As it happens, Bitcoin’s realized price distribution (URPD) or unspent transactions output (UTXO), or the amount remaining after every transaction, suggests that the maiden cryptocurrency is facing “stiff resistance at $38,500,” as noted by crypto market analyst Ali Martinez in an X post on November 26. Having said that, the crypto trading expert also observed that the flagship decentralized finance (DeFi) asset “slicing through this barrier could help BTC advance toward $47,360,” which is the next significant point in the chart Analysis that Martinez shared. Bitcoin UTCO realized price distribution. Source: Ali Martinez Specifically, UTXO UPRD shows at which prices the current Bitcoin UTXOs appeared, ea...
Read more

Binance faces calls for ban by Nigerian Bureau De Change association

Image
Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market. Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureau De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation. ABCON is a self-regulatory body and an umbrella for all the central bank-licensed Bureaux de Change (BDC). This action comes in response to the association reportedly recognizing Binance as a significant contributor to the pressure on the naira. As reported by Nairametrics, a local news agency, Alhaji Aminu Gwadabe, president of ABCON, provided this counsel in an interview held on Aug. 8 in Lagos. Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel mar...
Read more