Tl; Dr.
- Shib is deep in red territory on a weekly scale, but certain elements suggest that not everything is doom and gloom.
- Earlier this week, the Meme -Munt achieved the top 10 cryptocurrencies and pulled the most bullish sentiment. However, Retail Enthusiasm does not always guarantee the price profits.
Time to pump again?
Shiba Inu (Shib) has followed the overall correction of the crypto space, with its price immersing by 9% in the past week. Market capitalization is currently floating at around $ 7.3 billion, which is far below the local peak in December when the figure reached nearly $ 20 billion.
Despite the negative performance, some important factors suggest that a rebound could be on the horizon. The Shib Exchange Netflow, which is mostly negative last week, is such an example. This indicates that investors have shifted from centralized platforms to self -herb methods, which in turn reduces immediate sales pressure.
Currently, around 85.2 trillion tokens have been stored at stock exchanges, which is a massive decrease in the 140.7 trillion witness at the start of the year.
The next on the list is the revival of Shibarium. Daily transactions processed on the Layer-2-scale solution of Shiba Inu declined under 4 million on August 18 and August 19 shot Up to 4.8 million on August 20, the highest figure observed since the beginning of February 2025.
Every transaction on Shibarium includes burning Shib -Tokens, which can be beneficial for the price if the question does not go to the south. Moreover, the increased activity can be a sign that the Shiba Inu ecosystem gets extra acceptance.
Some analysts and popular figures in the crypto space believe that the development of Shibarium is of the utmost importance for a potential Shib Bull Run. Not long ago, the Bitcoin lawyer Jeremie Davinci said:
“I love Shiba Inu, as you know, and I think it will do relatively well in this cycle, but it might not be as high as you expect. I think Shiba Inu is of great use now that they have shibarium, and actually it is a chain that you can actually perform all kinds of applications.
However, nobody uses it and there are no applications for the use of your tokens on Shibarium. If they are solved, Shiba Inu goes to the moon. ‘
The sentiment is bullish, but there is a catch
According to For Coinmarketcap, Shiba Inu was one of the top 10 cryptocurrencies that attract the most bullish sentiment on August 20.
Although this may seem encouraging for Shib enthusiasts, the cryptomarkt often behaves in unexpected ways. History shows that prices can be moved to the public, which means that retail optimism can actually indicate potential problems for Shib.
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