By early September 2024, most major meme coins had already left their 2024 highs far behind, and there is significant doubt if they will regain them before the year is out as, in recent months, these cryptocurrencies have done little other than decline.
One of the most popular such cryptocurrencies, the Ethereum-based Shiba Inu (SHIB), has not escaped such a faith.
Despite still being 28.87% in the green in the year-to-date (YTD) chart, the ERC-20 token operating on the Ethereum blockchain is down 62.09% in the last six months and 6.35% in the last seven days of trading. Meanwhile, SHIB price today, at press time, stands at $0.0000131 after a 0.27% 24-hour rise.
SHIB YTD price chart. Source: Finbold
Additionally, meme coins are not the only actors in the crypto market to have been declining in recent weeks. Many other digital assets – Bitcoin (BTC) and Solana (SOL) perhaps being the most notable – are also in the red, leading many traders to wonder if the current dow
We współpracy z: https://finbold.com/machine-learning-algorithm-sets-shib-price-for-september-30-2024/
