Shiba Inu Price Falls 1% While This New Meme Coin Is Up 100% in 24 Hours
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Shiba Inu (SHIB) has witnessed a downtrend of 1% in the last week. However, while SHIB maintains a bearish streak, a new meme coin is pulling impressive numbers.
SHIB, the second-best meme coin by market capitalization, is currently trading at $0.00001107. The crypto asset has witnessed a downtrend of 0.18% in the past 24 hours. Its price is also down by 0.5% in the past week, in correlation with the broader market.
SHIB’s technicals also indicate a strong bearish streak. SHIB trades below all of its moving average (MA) indicators. Its 10-day MA stands at $0.00001112. Meanwhile, its moving average convergence divergence (MACD) is negative, exhibiting a sell signal.
However, with a relative strength index (RSI) of 44.57, SHIB looks underbought at the moment.
Buy SHIB on eToro Now
While SHIB investors expect the asset to flip bullish, one meme coin is already on a massive bull run.
TAMA has been one of the best-performing coins of the past week.
TAMA was launched on the OKX exchange last Monday, and the asset has jumped by over 200% since then. TAMA’s price, which was listed at $0.03, currently trades at $0.0738. The crypto asset’s data page on OKX also indicates a trading volume of $9.79 million in the past 24 hours.
TAMA has also continued to draw interest from investors, as seen by its inclusion in a list of the top trending cryptos in the market.
And there are still several factors that could encourage a bull run for TAMA. Currently, the asset’s developers are working on expanding its investor base, with listings on two exchanges expected to come on October 5.
According to
Read more on cryptonews.com
