{"id":135281,"date":"2024-08-10T19:00:09","date_gmt":"2024-08-10T16:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135281"},"modified":"2024-08-10T16:43:03","modified_gmt":"2024-08-10T13:43:03","slug":"is-shiba-inu-shib-a-good-buy-right-now","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-shiba-inu-shib-a-good-buy-right-now\/","title":{"rendered":"Is Shiba Inu (SHIB) a Good Buy Right Now?"},"content":{"rendered":"<p>This bounce raised hopes of a price surge, but <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/shiba-inu\/\">SHIB<\/a> <\/strong>has not yet met these expectations, though its current price might be an attractive buy.<\/p>\n<p>Santiment\u2019s analysis reveals insights through SHIB\u2019s price and Daily Active Addresses (DAA). A rise in DAA typically hints at price growth, while a drop suggests the opposite. Currently, SHIB\u2019s DAA indicates a buying opportunity with a 12.17% positive divergence.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/?attachment_id=135282\" rel=\"attachment wp-att-135282\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-135282\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/Screenshot-2024-08-10-164212.png\" alt=\"\" width=\"988\" height=\"369\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/Screenshot-2024-08-10-164212.png 1830w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/Screenshot-2024-08-10-164212-300x112.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/Screenshot-2024-08-10-164212-1024x382.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/Screenshot-2024-08-10-164212-768x287.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/Screenshot-2024-08-10-164212-1536x573.png 1536w\" sizes=\"auto, (max-width: 988px) 100vw, 988px\" \/><\/a><\/p>\n<p>Supporting this, the Market Value to Realized Value (MVRV) ratio, which assesses market profitability, shows SHIB is undervalued with a ratio of 0.69. This implies more unrealized losses than gains, suggesting potential for accumulation before a price increase.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ripple-warns-of-escalating-xrp-scams-following-sec-ruling\/\" title=\"Ripple Warns of Escalating XRP Scams Following SEC Ruling\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_xrp-continues-drop-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ripple Warns of Escalating XRP Scams Following SEC Ruling<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite positive on-chain signals, technical analysis shows SHIB in a bearish descending channel since mid-July. At $0.000014, it hasn\u2019t broken out of this pattern, indicating limited near-term upside. The Bull-Bear Power (BBP) indicator also favors bears, pointing to potential price consolidation between $0.000012 and $0.000014, or a possible drop to $0.000010. However, increased buying pressure could push the price up to $0.000017.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB), the second largest meme coin, experienced a significant dip on August 5, hitting a five-month low before rebounding a few days later.<\/p>\n","protected":false},"author":3,"featured_media":102238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-135281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Shiba Inu (SHIB) a Good Buy Right Now?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB), the second largest meme coin, experienced a significant dip on 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