With lack of whale support on $SHIB and the current situation on the market, even a fundamental support level brings nothing to the table
has not demonstrated the expected upward bounce. Instead, the token continues to hover around this value, generating anxiety among its investors and stirring debates within the cryptocurrency community. The question now is whether SHIB can uphold this support level or if it will break downward, indicating a more substantial bearish phase. has led a market-wide correction with a 3.9% price drop. The drop follows the recent labeling of Cardano by the U.S.
Being listed as a security means that Cardano could become a regulated asset in the United States, a change that could drastically affect its operations, market presence and investor base. For Cardano, this could mean coming under stricter scrutiny by federal regulation, potentially hindering its progress and performance. Such a classification could also cause significant market volatility, leading to a decline in Cardano's price, as witnessed in the recent 3.9% drop.
Moreover, this exclusion appears to have sparked renewed optimism among XRP investors, who may interpret it as a sign that the SEC does not consider XRP a security, contrary to its allegations in the ongoing lawsuit. While the exact implications of this development are unclear, it is evident that the market has responded positively, as reflected in the recent XRP price surge.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu Bulls Buy Back 2.5 Trillion SHIB as Price Loses 10%Trillions of SHIB bought at dip caused by Shiba Inu's dramatic price drop shib shibarmy shibarium shibaeternity shibburn $shib Shibtoken ShibalnuNews
Read more »
Shiba Inu (SHIB) Unleashes Shibarium Beta 'Puppynet' With Ongoing ImprovementsShiba Inu (SHIB): Work on Shibarium beta 'Puppynet' ongoing in wake of this development ShibArmy SHIBCommunity SHIB $SHIB Shibariumtech
Read more »
Shiba Inu 'Execs' React to Big New Release for SHIB MetaverseSHIB army and Shiba Inu executives buzzing with anticipation as glimpse of SHIB: The Metaverse is about to be unveiled shibainunews lucieshib
Read more »
Major Trader Snaps up Shiba Inu (SHIB) and Ethereum (ETH) Dips With Millions of DollarsTens of millions of dollars spent on $SHIB and $ETH dips by this major player, reports lookonchain shib shibarmy shibarium shibaeternity shibburn ethereum eth $eth $shib
Read more »
SHIB, BTC, ETH Accepted as Payment by 440 Merchants in France via This PartnershipShiba Inu (SHIB), Bitcoin (BTC), Ethereum (ETH) to find greater utility in Europe via this integration SHIB BTC ETH
Read more »
SHIB Price Analysis for June 6Can traders expect a bounce back of SHIB soon?
Read more »