Shiba Ina Price Forms the Cross of Death as Shibarium Voe Move

Shiba Ina prices remains in the deep market of bears after the last year has decayed over 50% since its highest level.

Shiba Inu (Shib), the second biggest coin, crashed to 0.00001610 USD, and the trend of falling can continue after forming the cross of death.

Shibarium TVL has collapsed

Third party data It shows that the total value locked in the Shibarium ecosystem crashed this year. She fell to $ 2.3 million on Sunday, February 16, from all times of $ 6.27 million.

TVL makes it a small player in Defi Industry that has over $ 110 billion property. It is also smaller than several newer cops such as Linea, Berachain, SUI, Base and Sonic.

All Dapps in Shibarium ecosystem lost property this year. TVL Shibasvap has dropped by about 40% in the last 30 days to $ 1.26 million. Similarly, TVL protocols such as VOOFSAP, ChevisVAP and Dogswap in this period fell over 30%.

The performance of Shibarium is important because its transactions occur in the bone. Some of these bone tokens are then pretended to Shiba Ina, then burned.

Data from Shibariumscan It shows that the number of active accounts in Shibarium dropped to 1,260 from last month of high than about 4,500. Total transaction fees in the network fell to the lowest level for weeks. He made 450 bones worth $ 130 on Saturday.

Shiba Inu has launched the Shibarium, layer-2 block with the aim of moving with only meme coins in the token utilities.

Shiba Inu Weather

The daily shows that the price of Shib has retired in the last few weeks. Today it fell from $ 0.000033 in November to $ 0.0060.

This fall has occurred after forming a form of chart resembling the head and shoulders, a high bear sign. Below is below the level of key support to 0.00001856 USD, the lowest swing 20. December.

Worse, the token formed a death sample as 200-day and 50-day weighted average crossings crossed each other. The cross of death is one of the larger bear patterns of technical analysis.

Therefore, the token will probably continue to fall as bears the goal of this month low $ 0.00001170, up to 30% from the current level.

Shiba Inu, was launched in August 2020. Anonymous programmer known as Riooshi, positioned as the so-called “Dogeroin killer”.

Shib would get towing at the beginning of 2021. years for his decentralized nature and branding as an alternative to the dog. In the end, he attracted strongly next, called the Shib army.

In the same year, Etherum co-founder Vitalik Baterin burned 90% of his bosses (about $ 6.7 billion) and donated the rest in the Indian Assistance Fund in India, reinforcing the visibility of the Shib.