Shiba Inu Sinks 16% In 7 Days: What Is Going On?

Shiba Inu (CRYPTO: SHIB) has dropped 16% over the past seven days, but rising burn rates and large transaction activity hint at brewing potential under the surface.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB)  $0.00001407 $8.3 billion -4%  -16.2% 
Dogecoin (CRYPTO: DOGE)  $0.2163 $32.3 billion  -2.5% -10.7% 
Pepe (CRYPTO: PEPE)  $0.00001267   $5.3 billion -3.9%   -11.9%

Trader Notes: Market commentator Joey Keasberry described Shiba Inu’s technical setup as “extremely unusual or impressive.”

While the token hasn’t broken out yet, he believes a breakout could be explosive, suggesting that now might be the time to gain exposure before it attracts …

Full story available on Benzinga.com