fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, March 21, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

Buying Pressure For Shiba Inu Reaches Yearly Highs Amidst Crypto Crash

June 13, 2022
in Altcoin
Reading Time: 4 mins read
A A
Buying Pressure For Shiba Inu Reaches Yearly Highs Amidst Crypto Crash
ShareShareShareShareShare

Related articles

Institutions Dump $126 Million Bitcoin & Ethereum But Buy Solana, XRP

Institutions Dump $126 Million Bitcoin & Ethereum But Buy Solana, XRP

March 21, 2023
Euler hacker offers to negotiate return of funds

Euler hacker offers to negotiate return of funds

March 20, 2023

The crypto market is experiencing a bloodbath today as Bitcoin slipped below the $25,000 mark. BTC slipped below $25K for the first time since December 2020. BTC is down nearly 15% and the second biggest crypto Ethereum plunged below the $1,200 mark and is down nearly 18%. In a surprising turn of events, the ‘buying pressure’ for Shiba Inu has reached its yearly highs today despite it tanking 15%. Currently, 81% of users have kept Shiba Inu on ‘buy’ while only 19% of users are hitting the sell button on the popular trading app Coinbase.

Source: Coinbase

This is the highest number of ‘buy’ orders placed for SHIB this year and only second to ‘buy orders’ placed in September 2021 which was at 91%. During that period, SHIB had gone parabolic in the indices and had jumped 1,000% during October last year.

Read More: Will Shiba Inu Reach ‘1 Cent’ In 10 Years From Now?

The dramatic buy orders placed for SHIB indicate that investors are buying in on the dips. Shiba Inu has added an extra ‘zero’ today amidst the crypto crash and is now trading with five ‘zeroes’. Instead of deleting ‘zeroes’, SHIB is now adding ‘zeroes’ as the bear market has taken over the financial sector. A quick recovery seems to be nowhere on the cards and the market is expected to head south further.

Read here to know how many ‘zeroes’ SHIB had deleted to reach this point in the last 365-trading days. Also, read here to know more about how SHIB fared when its ‘buying pressure’ increased rapidly.

Read More: Paris Hilton to Buy Land in Shiba Inu Metaverse?

Shiba Inu: The Path Ahead

Shiba Inu World
Source: Twitter

SHIB has many developments up its sleeve this year which include Shibarium, SHIB: The Metaverse, and play-2-earn games. The most awaited release is Shibarium which is expected to be launched at the end of 2022.

However, the SHIB team has not given out a tentative release date as the private testnet is still under work. In addition, Shibarium could have an in-built ‘burn mechanism’ that could remove SHIB tokens out of circulation.

Read More: Real Leader of Shiba Inu Emerges After Ryoshi’s Disappearance

At press time, Shiba Inu was trading at $0.00000781 (five zeroes) and is down 11.75% in the 24-hours day trade. The dog-themed token is down 91.2% from its all-time high of $0.00008616, which it reached in October last year.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Metaplex And Strata Protocol Partner To Work Towards Fairness

Next Post

Terra investors file a class action lawsuit against Binance.US

Related Posts

Institutions Dump $126 Million Bitcoin & Ethereum But Buy Solana, XRP

Institutions Dump $126 Million Bitcoin & Ethereum But Buy Solana, XRP

March 21, 2023

Cryptocurrencies continue to thrive, despite the wobbly macro-environment. However, institutions have not yet joined the celebrations. Last week, Watcher Guru...

Euler hacker offers to negotiate return of funds

Euler hacker offers to negotiate return of funds

March 20, 2023

Ad A hacker who recently exploited Euler Finance is attempting to arrange the return of stolen funds, as seen in...

DAI supply has fallen by 13% this week

DAI supply has fallen by 13% this week

March 20, 2023

Ad In the past week, MakerDAO has experienced a drop in total value locked (TVL), the supply of DAI, and...

Polygon and Immutable partner on Web3 gaming

Polygon and Immutable partner on Web3 gaming

March 20, 2023

Ad Ethereum ecosystem projects Polygon and Immutable have partnered on Web3 gaming, according to a press release published on March...

Over 50% of the Bitcoin UTXOs that have been created now sit in profit

Over 50% of the Bitcoin UTXOs that have been created now sit in profit

March 20, 2023

Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or...

Load More
Next Post
Terra investors file a class action lawsuit against Binance.US

Terra investors file a class action lawsuit against Binance.US

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty – Cointelegraph

Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty – Cointelegraph

March 15, 2023
Coinbase Considers Overseas Crypto-Trading Platform Amid Regulatory Challenges – Bitcoinist

Coinbase Considers Overseas Crypto-Trading Platform Amid Regulatory Challenges – Bitcoinist

March 17, 2023
Why Floki, Shiba Inu, and Avorak AI Could Be Solid Portfolio Picks For 2023

Why Floki, Shiba Inu, and Avorak AI Could Be Solid Portfolio Picks For 2023

March 18, 2023
Bitcoin briefly breaches $26.4k only to tumble as prices fall again

Bitcoin briefly breaches $26.4k only to tumble as prices fall again

March 14, 2023
Outperforms stocks and gold with impressive 50% rally

Outperforms stocks and gold with impressive 50% rally

March 16, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Institutions Dump $126 Million Bitcoin & Ethereum But Buy Solana, XRP
  • Arbitrum (ARB) to be listed on the Binance exchange
  • Building Resilience: The Realities of Blockchain Regulation, Zero … – Cryptonews
  • Dubai regulator grants Crypto.com MVP preliminary license
  • Things You Can Do To Minimize Risks When Investing In Cryptocurrencies
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,226.00-0.68%
  • ethereumEthereum(ETH)$1,763.82-1.71%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.010.16%
  • binancecoinBNB(BNB)$336.47-1.14%
  • usd-coinUSD Coin(USDC)$1.010.13%
  • rippleXRP(XRP)$0.3913011.50%
  • cardanoCardano(ADA)$0.341312-1.70%
  • staked-etherLido Staked Ether(STETH)$1,761.72-1.53%
  • matic-networkPolygon(MATIC)$1.12-3.65%
  • dogecoinDogecoin(DOGE)$0.072484-3.16%
  • solanaSolana(SOL)$22.36-4.63%
  • binance-usdBinance USD(BUSD)$1.010.01%
  • polkadotPolkadot(DOT)$6.17-4.80%
  • shiba-inuShiba Inu(SHIB)$0.000011-2.03%
  • tronTRON(TRX)$0.066437-0.64%
  • litecoinLitecoin(LTC)$80.95-2.41%
  • avalanche-2Avalanche(AVAX)$17.00-3.48%
  • daiDai(DAI)$1.000.08%
  • uniswapUniswap(UNI)$6.24-4.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,165.00-0.71%
  • ToncoinToncoin(TON)$2.39-0.31%
  • chainlinkChainlink(LINK)$7.04-3.94%
  • cosmosCosmos Hub(ATOM)$11.62-4.54%
  • leo-tokenLEO Token(LEO)$3.400.33%
  • moneroMonero(XMR)$154.63-0.96%
  • ethereum-classicEthereum Classic(ETC)$19.99-4.58%
  • okbOKB(OKB)$45.84-3.04%
  • bitcoin-cashBitcoin Cash(BCH)$129.39-6.25%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • filecoinFilecoin(FIL)$5.84-5.92%
  • stellarStellar(XLM)$0.087242-2.11%
  • AptosAptos(APT)$12.15-5.75%
  • true-usdTrueUSD(TUSD)$1.010.28%
  • lido-daoLido DAO(LDO)$2.31-5.18%
  • hedera-hashgraphHedera(HBAR)$0.061684-3.94%
  • quant-networkQuant(QNT)$126.92-4.88%
  • crypto-com-chainCronos(CRO)$0.070452-6.60%
  • nearNEAR Protocol(NEAR)$1.99-5.82%
  • blockstackStacks(STX)$1.21-5.86%
  • vechainVeChain(VET)$0.022890-6.73%
  • internet-computerInternet Computer(ICP)$5.15-3.98%
  • algorandAlgorand(ALGO)$0.211307-3.83%
  • apecoinApeCoin(APE)$4.07-4.15%
  • the-graphThe Graph(GRT)$0.149823-4.27%
  • fantomFantom(FTM)$0.467223-6.80%
  • eosEOS(EOS)$1.16-6.12%
  • the-sandboxThe Sandbox(SAND)$0.65-6.46%
  • immutable-xImmutableX(IMX)$1.27-12.29%
  • decentralandDecentraland(MANA)$0.60-5.47%