Shiba Inu (SHIB) rises by 16 % daily: What drives the increase?

TL; D

• Shayba Eno outperformed BTC, ETH and DOGE and many other well -known cryptocurrencies In terms of daily profit.
• Check some Subordinate Factors that have played a role in the price jump.

Grape in the range

The famous MEME coin has witnessed a strong revival during the past 24 hours, with the price pumped by about 16 %. currently, Trading at about 0.00001545 dollars (per Coingecko data), Which is The highest level registered in more than a month. The market value of Shayb jumped above 9 billion dollars, making it the 16 largest encrypted currencies.

It is important to note that the gathering happened almost After the Shiba Eno team Disturbed The next launch of the Defi – Shib Finance.

“In the future, SHIB Finance will move the ecosystem of Shayb to a completely new level – transcending symbols to provide full financial services such as lending, borrowing, savings and more,” says the advertisement.

Defi platform will use tools such as the Karma engine, Shib Instestation, and a privacy ID to allow users to “build confidence through their activity and reputation in the ecosystem.”

Another element can Be associated with To the latest Shib’s return is the amount of Shiba Inu stored in the stock exchanges. According to For Cryptoquant, the number recently decreased to the lowest level of four years, indicating a possible transformation from the central platforms towards self -friction methods. thisIn turn, reduces immediate sale pressure.

It can also be reviving the total market Play Shayb prices pump. Bitcoin (BTC) has regained $ 88,000, while Dogecoin (DOGE), Cardano (ADA), ChainLink (Link) and SUI (SUI), and many other many great gains are 24 hours. The entire market value of the encryption sector is currently standing at the psychological level of $ 3 trillion.

It is not all sunlight and roses

Unlike the upcoming upwards mentioned above, the RISI’s relative indicator (RSI) indicates that a possible correction is not outside the cards.

Technical analysis tool, which measures the speed and change of price movements, recently to it Rise To nearly 90. Readings that exceed 70 usually indicate that the assets have entered the area of ​​the height of purchase and may prepare for a decrease. On the other hand, anything is less than 30 opportunities to buy.