{"id":19137,"date":"2025-03-26T11:01:50","date_gmt":"2025-03-26T11:01:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19137"},"modified":"2025-03-26T11:01:50","modified_gmt":"2025-03-26T11:01:50","slug":"shiba-inu-shib-soars-by-16-daily-what-drives-the-surge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19137","title":{"rendered":"Shiba Inu (SHIB) Soars by 16% Daily: What Drives the Surge?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Shiba Inu has outperformed BTC, ETH, DOGE, and many other well-known cryptocurrencies <\/span><span data-preserver-spaces=\"true\">in terms of daily gain<\/span><span data-preserver-spaces=\"true\">.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Check out some <\/span><span data-preserver-spaces=\"true\">of the<\/span><span data-preserver-spaces=\"true\"> factors that have potentially played a role in the price jump.<\/span><\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB_CB-5.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-389298\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB_CB-5.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB_CB-5.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB_CB-5-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB_CB-5-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB_CB-5-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB_CB-5-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>SHIB on the Run<\/h2>\n<p><span data-preserver-spaces=\"true\">The popular meme coin has witnessed a solid revival in the past 24 hours, with its price pumping by approximately 16%. <\/span><span data-preserver-spaces=\"true\">Currently,<\/span><span data-preserver-spaces=\"true\"> it trades at around $0.00001545 (per CoinGecko\u2019s data), <\/span><span data-preserver-spaces=\"true\">which is<\/span><span data-preserver-spaces=\"true\"> the highest level registered in more than a month.<\/span><span data-preserver-spaces=\"true\"> SHIB\u2019s market capitalization jumped above $9 billion, making it the 16th-largest cryptocurrency.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_389296\" aria-describedby=\"caption-attachment-389296\" style=\"width: 573px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB-Price-7.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-389296\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB-Price-7.png\" alt=\"SHIB Price\" width=\"573\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB-Price-7.png 832w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB-Price-7-300x209.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB-Price-7-768x536.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/SHIB-Price-7-50x35.png 50w\" sizes=\"auto, (max-width: 573px) 100vw, 573px\"><\/a><figcaption id=\"caption-attachment-389296\" class=\"wp-caption-text\">SHIB Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">It is important to note that the rally occurred <\/span><span data-preserver-spaces=\"true\">shortly<\/span><span data-preserver-spaces=\"true\"> after Shiba Inu\u2019s team <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/Shibizens\/status\/1904497762143498435\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">teased<\/span><\/a><span data-preserver-spaces=\"true\"> the upcoming launch of its DeFi platform \u2013 Shib Finance.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cIn the future, Shib Finance will take the Shib ecosystem to a whole new level \u2013 moving beyond swapping tokens to offering full financial services like lending, borrowing, saving, and more,\u201d the announcement reads.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">The DeFi platform will utilize tools like the Karma Engine, Shib Attestation, and a Privacy-Powered Identity Layer to allow users to \u201cbuild trust through their activity and reputation in the ecosystem.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another element that could <\/span><span data-preserver-spaces=\"true\">be linked<\/span><span data-preserver-spaces=\"true\"> to SHIB\u2019s latest resurgence is the amount of Shiba Inu stored at exchanges. <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/shib\/chart\/exchange-flows\/exchange-reserve?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">According<\/span><\/a><span data-preserver-spaces=\"true\"> to CryptoQuant, the figure has recently dropped to a four-year low, signaling a potential shift from centralized platforms toward self-custody methods. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\">, in turn, reduces the immediate selling pressure.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The overall market revival could have also <\/span><span data-preserver-spaces=\"true\">played a role in<\/span><span data-preserver-spaces=\"true\"> SHIB\u2019s price pump. Bitcoin (BTC) has reclaimed $88,000, while Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Sui (SUI), and many more have charted significant gains on a 24-hour scale. The entire market capitalization of the crypto sector currently stands at the psychological level of $3 trillion.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">It\u2019s Not All Sunshine and Roses<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Contrary to the aforementioned bullish factors, SHIB\u2019s Relative Strength Index (RSI) signals that a potential correction is not out of the cards. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The technical analysis tool, which measures the speed and change of price movements, has recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/SHIB\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">spiked<\/span><\/a><span data-preserver-spaces=\"true\"> to almost 90. Typically, readings above 70 indicate the asset has entered overbought territory and might be gearing up for a pullback. On the other hand, anything below 30 is considered a buying opportunity.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-soars-by-16-daily-what-drives-the-surge\/\" rel=\"nofollow\">Shiba Inu (SHIB) Soars by 16% Daily: What Drives the Surge?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Shiba Inu has outperformed BTC, ETH, DOGE, and many other well-known cryptocurrencies in terms of daily gain. Check out some of the factors that have potentially played a role in the price jump. SHIB on the Run The popular meme coin has witnessed a solid revival in the past 24 hours, with its price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19137","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19137"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19137\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}