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5. März 2023 Aus Von admin

• BTCC Exchange recently announced the listing of Shiba Inu (SHIB) on its exchange, resulting in a continued downtrend in price.
• SHIB has been added to major trading platforms like Binance and Coinbase, however it has failed to make a major impact on its price.
• Volume and active address metrics indicate stagnation in the token’s activity.

BTCC Exchange Listing of Shiba Inu (SHIB)

BTCC exchange recently announced the listing of Shiba Inu (SHIB) on its exchange. SHIB has continued its downtrend as its price dropped further with investors asking “When Shibarium?” for an answer. The addition of SHIB to BTCC’s exchange is likely to increase the number of options for trade available to the public, along with other major cryptocurrency trading platforms such as Binance and Coinbase providing trading support for the token.

Shiba Inu Price Analysis

A daily timeframe analysis of Shiba Inu revealed that the current development had not impacted it in any way, instead persisting in a downward trend over the last three days dropping by nearly 8%. As of this writing, SHIB was trading at about $0.000011 with strong bear trends indicated by RSI lines below neutral, support line at $0.000010 and resistance around $0.000014-15.

Volume & Active Address Metrics

The seven-day active address indicator showed a fall over the previous week with more than 30,000 active addresses as of this writing while Santiment’s volume indicator also decreased to 145 million indicating fewer people interacting with the token compared to February 2021.

Is Your Portfolio Green?

Potentially providing a boost is Shibarium which could be used as a catalyst to start an upswing given muted response from SHIB’s recent progress – check out Shiba Inu Profit Calculator for portfolio updates!

Conclusion

Overall Shiba Inu may need a solid catalyst such as Shibarium to start an upswing given muted response from SHIB’s recent progress – volume and active address metrics indicate stagnation in tokens activity yet there is potential growth if proper measures are taken!