Shiba Inu (SHIB), the second largest memecoin on the planet, was moved out of the Binance innovation zone on April 18th. According to the platform, there is now enough confidence behind Shiba Inu (SHIB) to be considered a more stable investment than an innovative one.
This unexpectedly caused SHIB) to decline in price, surprising many Shib holders. On the other hand, new DeFi altcoin Collateral Network price increased 40% garnering rave reviews from experts in crypto.BUY COLT TOKENS NOWShiba Inu (SHIB) Price Crashes Over 6% Following Binance DecisionSince it was first founded in 2020, Shiba Inu (SHIB) has always been known as a Dogecoin (DOGE) competitor. While bullish investors believe it could one day match Dogecoin (DOGE), Shiba Inu (SHIB) growth has since slowed. At the time of writing, in one day, Shiba Inu (SHIB) decreased in price by 3.04%, with one SHIB token selling for $0.0000106.The 24-hour price chart for Shiba Inu (SHIB). Source: CoinMarketCapWhile Shiba Inu (SHIB) decreased by 7.5% in the last week, its competitor, Dogecoin (DOGE), is down 6.5%, which has caused $SHIB transactions to decline. However, over the last seven days, the entire memecoin market has declined, with projects like Apecoin (APE) crashing by 11.20%.As analysts predict further market declines, Shiba Inu (SHIB) investors need to decide whether or not to sell their tokens or wait out the decline for the next price rally. With Shiba Inu (SHIB) currently innovating with its new Shibarium project, many are choosing to hold in the hope of making returns later in the year.
Source : [Binance Moves Shiba Inu (SHIB) Out Of Innovation Zone And Price ...](news.google.com/rss/articles/CBMipQFodHRwczovL3RoZWNyeXB0b2Jhc2ljLmNvbS8yMDIzLzA1LzAxL2JpbmFuY2UtbW92ZXMtc2hpYmEtaW51LXNoaWItb3V0LW9mLWlubm92YXRpb24tem9uZS1hbmQtcHJpY2UtZHJvcHMtNi1jYW4tc2hpYi1tYXRjaC1jb2xsYXRlcmFsLW5ldHdvcmtzLWNvbHQtMzV4LXByaWNlLXRhcmdldC_SAQA?oc=5) undefined - The Crypto Basic / May 03, 2023