Analyze the feeling of the market: Ideas of Shiba Inu (Shib)
In the cryptocurrency world, the feeling of the market is a crucial aspect that determines the direction and the potential of individual assets. Shiba Inu (Shib), a popular piece of memes, was at the forefront of this trend. As we immerse ourselves in the analysis of the feeling of the Shib market, we will explore the ideas drawn from various sources to understand its popularity and its future perspectives.
Understand the feeling of the market
The feeling of the market refers to the overall emotional state of investors and traders with regard to a class of assets or a particular cryptocurrency. It encompasses factors such as euphoria, anxiety, fear and optimism. The positive feeling of the market is generally characterized by an increased purchase activity, while negative feeling is marked by a decrease in trading volumes.
Shiba Inu’s Market feel
From a historical point of view, Shiba Inu has gained ground in recent years. Cryptocurrency has experienced significant price fluctuations, its native shib token being one of the most negotiated assets exchanged on the main scholarships. To analyze the feeling of the market, we will examine key indicators such as:
- Volatility of prices : A measure of the quantity of price of SHIB has fluctuated over time. Greater volatility indicates greater uncertainty and potentially more traders entering or leaving the market.
- Trading volume : The number of trades executed on a specific exchange during a given period. The increase in the volume of negotiation often reflects an increasing interest in an asset, while low volumes may indicate a decrease in enthusiasm.
- Social media activity : Social media platforms like Twitter, Telegram and Discord have become essential tools to pass the word on Shib. Analysis of conversations on social networks can provide an overview of the feeling of the market, with notable mentions of “Shiba Inu” often indicating a strong positive feeling.
Insistence of the feeling of the Shiba Inu market
Analysis of the feeling of the market around Shib reveals a complex image:
* Initial Surge (April 2021) : After the launch of the Shiba Inu ecosystem and the introduction of the NFT platform, Shib has experienced an initial price increase. This has been largely motivated by speculation and overhauling surrounding the unique characteristics of the token.
* Market correction (June 2021 – September 2021) : While market conditions became more volatile, Shib was faced with a significant price drop. This correction was partly due to the increase in the sale pressure of institutional investors and to a reduction in the purchase activity among individual traders.
* Current feeling of the market : lately, Shib has experienced a resurgence of popularity, motivated by factors such as:
+ Increased adoption of NFT
+ Growing recognition of the unique characteristics of Shiba Inu and community commitment
+ Improved partnerships with the main game platforms and other industry players
Trends and patterns
The feeling of the Shiba Inu market can be divided into several key trends:
* Coherence
: SHIB has demonstrated a coherent trend in the past year, price fluctuations often reflect wider market movements.
* Sensitivity to news : cryptocurrency is very sensitive to news and events surrounding its ecosystem, such as partnerships, updates or regulatory announcements.
* Community commitment
: The strong community commitment of Shiba Inu, including the activity of social media and NFT sales, has contributed considerably to the momentum of the token market.
Conclusion
The feeling of the Shiba Inu market provides valuable information on the popularity and future prospects of cryptocurrency. By examining historical data and analyzing key indicators such as price volatility, exchange volume and social media activity, we can better understand the feeling of the market around this asset.
