Shiba Inu’s Price Predicament: Will It Ever Catch up to Dogecoin? 🤔

by

So here we are, witnessing the Shiba Inu price doing its best impression of a lazy dog on a sunny day—dreaming about that glorious all-time high (which sounds like a number a toddler scribbled: $0.00008845). Yes, it hit that magical number in the last cycle, but now? Well, let’s just say a snail on a leisurely stroll is looking more ambitious. 🐌

Wait, Will Shiba Inu Get a New Toy Before Even Touching Dogecoin’s Market Cap?

According to our friends at Marketcapof, if SHIB even considers aiming for the stars and hits the Dogecoin market cap, it’ll be a bit of a letdown: $0.00004256! Just a friendly reminder that’s still a stone’s throw away from its ATH. It’s like aiming for a corner piece of a chocolate cake and ending up with a dry muffin instead. 🍰

Now, a rally up to that $0.00004256 price level would feel like winning a three-legged race against a sloth. Sure, it’s a 3x price increase, but let’s remember that this meme coin has been trailing behind like a kid who forgot his lunch on field day. Considering it’s been lounging below that impressive psychological level of $0.00002, we’re all just waiting for it to sweat a little at the gym—read: the market. 🏋️‍♂️

But fear not! Despite Shiba’s current predicament, crypto analysts, particularly the ever-optimistic Javon Marks, believe SHIB can make a comeback. He’s got his crystal ball polishing signs of strength at its current levels—though let’s be real, what’s broken for too long makes for a weak comeback. ⚡

Marks confidently states that $0.000081 is the magical number to watch, which means we may soon find ourselves entertained by a potential 400% rally. But until we can gift Shiba its cake and eat it too, it’s just another commercial break in the brilliant world of crypto—grab your popcorn! 🍿

The Bearish Symphony: On-Chain Metrics Are Not Cheering for SHIB

As for the on-chain metrics? Well, they’re playing the sad violin while Shiba tries to strut its stuff. The SHIB burn rate has taken a nosedive, down 94% over the last 24 hours—nearly as disappointing as that one friend who always cancels plans. With just a mere 946,228 SHIB burnt in the last 24 hours, you’d think it was on a diet. And let’s not even start on its weekly burn rate—barely breaking a billion tokens. 🎈

IntoTheBlock is shaking its head as large transaction metrics cascade down by nearly 2%. It seems the whales are too busy catching up on Netflix instead of tossing a few bones Shiba’s way. Also, with 61% of holders sitting around twiddling their thumbs, we’re bracing ourselves for a “sell-off frenzy,” as thrilling as a flat tire on a road trip. 🚗

As of now, Shiba Inu is trading at around $0.00001269—up over 3% in the last 24 hours—because, hey, a tiny glimmer of hope is better than no glimmer at all, right? Stick around, folks; the show is just getting started! 🎭

Read More

2025-04-01 21:43