{"id":538324,"date":"2023-06-17T11:30:35","date_gmt":"2023-06-17T11:30:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=538324"},"modified":"2023-06-17T11:09:35","modified_gmt":"2023-06-17T11:09:35","slug":"shiba-inu-shib-positive-social-sentiment-sparks-bullish-speculation","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-shib-positive-social-sentiment-sparks-bullish-speculation\/","title":{"rendered":"Shiba Inu (SHIB) Positive Social Sentiment Sparks Bullish Speculation"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu (SHIB), a cryptocurrency that has gained immense popularity and attention in recent months, is making waves once again as its price exhibits signs of recovery.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This week, the SHIB price has displayed a promising uptick, maintaining a level above the $0.0000065 range. Moreover, on-chain data analysis reveals a notable surge in positive social sentiment within the vibrant Shiba Inu community.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/polygon-sees-surge-in-whale-buying\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Polygon (MATIC) Sees Surge In Whale Buying Despite US Regulatory Pressure<\/a><\/div>\n<p><span style=\"font-weight: 400\">With these encouraging developments, investors and enthusiasts eagerly ponder whether this could signal a forthcoming bullish reversal for SHIB. Is it time for the Shiba Inu token to regain its momentum and embark on a new upward trajectory?<\/span><\/p>\n<h2><strong>Growing Optimism Among Shiba Inu Investors<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">After a volatile start to the month, investors in SHIB are beginning to feel more optimistic about the project&#8217;s prospects. This renewed optimism can be attributed, in part, to <\/span><a href=\"https:\/\/embed.santiment.net\/chart?ps=shiba-inu&amp;pt=SHIB&amp;df=2023-06-09T23%3A00%3A00.000Z&amp;dt=2023-06-15T23%3A00%3A00.000Z&amp;emcg=1&amp;wm=price_usd%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%2326C953%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221h%22%7D\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Santiment&#8217;s Weighted Sentiment<\/span><\/a><span style=\"font-weight: 400\">, which assesses the overall mood of a blockchain community by comparing the number of positive comments to the negative ones.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-538327 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-102.png?resize=860%2C406\" alt=\"\" width=\"860\" height=\"406\"><\/p>\n<pre style=\"text-align: center\">SHIB weighted sentiment. Source: Santiment<\/pre>\n<p><span style=\"font-weight: 400\">Adding to the positive sentiment, the Shiba Inu community received intriguing updates from notable figures within the project.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Something physical is coming. <a href=\"https:\/\/twitter.com\/hashtag\/shib?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#shib<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/shibarmy?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#shibarmy<\/a> <a href=\"https:\/\/t.co\/XuAe2AkpJw\" rel=\"nofollow\">pic.twitter.com\/XuAe2AkpJw<\/a><\/p>\n<p>\u2014 Shytoshi Kusama\u2122 (@ShytoshiKusama) <a href=\"https:\/\/twitter.com\/ShytoshiKusama\/status\/51995393?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 14, 2023<\/a><\/p><\/blockquote>\n<p>Shytoshi Kusama, a prominent Shiba Inu developer, generated excitement with a <a href=\"https:\/\/twitter.com\/ShytoshiKusama\/status\/51995393\" target=\"_blank\" rel=\"noopener nofollow\">mysterious tweet<\/a> teasing an upcoming product launch.<\/p>\n<p><span style=\"font-weight: 400\">Soon after, Lucie Shib, another key contributor, affirmed the project&#8217;s vitality and commitment to development in a <\/span><a href=\"https:\/\/twitter.com\/LucieSHIB\/status\/17570051\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">separate tweet<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We are building.<br \/>\nWe are not going anywhere.<a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SHIB<\/a> x <a href=\"https:\/\/twitter.com\/hashtag\/Shiboshis?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Shiboshis<\/a><\/p>\n<p>\u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 (@LucieSHIB) <a href=\"https:\/\/twitter.com\/LucieSHIB\/status\/17570051?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 15, 2023<\/a><\/p><\/blockquote>\n<h2><strong>Recent Price Movements And Social Sentiment<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">As per the latest data from <\/span><span style=\"font-weight: 400\">CoinMarketCap<\/span><span style=\"font-weight: 400\">, the current price of SHIB stands at $0.00000669, showcasing a<a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener nofollow\"> 2.65% uptick within the past 24 hours.<\/a> The past seven days also showed some price improvement for SHIB, as the meme coin gained 7.29%.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-538325\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-101.png?resize=1157%2C91\" alt=\"\" width=\"1157\" height=\"91\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-101.png?w=1157 1157w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-101.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-101.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-101.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-101.png?w=1140 1140w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-101.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Source: CoinMarketCap<\/pre>\n<p><span style=\"font-weight: 400\">Examining on-chain data, it becomes evident that these critical announcements have had a positive impact on the social sentiment within the SHIB community. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The Weighted Sentiment metric for SHIB began to show an upward trend around June 9, and as of June 16, it sits at approximately -1.43. This indicates a notable 13% improvement in positive sentiment over the past week.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/VxjZq3nf\/\" width=\"2315\" height=\"1109\"><\/p>\n<pre style=\"text-align: center\">SHIB market cap currently at $4.07 billion on the weekend chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/pepe-jumps-nearly-10-in-24-hours-sparking-speculation-of-a-new-rally\/\" target=\"_blank\" rel=\"noopener \">PEPE Jumps Nearly 10% In 24 Hours, Sparking Speculation Of A New Rally<\/a><\/div>\n<h3><strong>Possibility For A Bullish Reversal<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">When the Weighted Sentiment metric starts to rise during a period of price correction, it often signals the potential for a bullish reversal. Therefore, if the recent team announcement materializes into a well-received product launch, there is a possibility that the SHIB price could enter a phase of recovery in the near future.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This development has captured the attention of investors and could pave the way for an upward trajectory for the meme coin.<\/span><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from <\/span>The Daily Hodl<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB), a cryptocurrency that has gained immense popularity and attention in recent months, is making waves once again as its price exhibits signs of recovery.\u00a0 This week, the SHIB price has displayed a promising uptick, maintaining a level above the $0.0000065 range. Moreover, on-chain data analysis reveals a notable surge in positive social sentiment within the vibrant Shiba Inu community.\u00a0 Related Reading: Polygon (MATIC) Sees Surge In Whale Buying Despite US Regulatory Pressure With these encouraging developments, investors and enthusiasts eagerly ponder whether this could signal a forthcoming bullish reversal for SHIB. Is it time for the Shiba Inu token to regain its momentum and embark on a new upward trajectory? Growing Optimism Among Shiba Inu Investors After a volatile start to the month, investors in SHIB are beginning to feel more optimistic about the project&#8217;s prospects. This renewed optimism can be attributed, in part, to Santiment&#8217;s Weighted Sentiment, which assesses the overall mood of a blockchain community by comparing the number of positive comments to the negative ones. SHIB weighted sentiment. Source: Santiment Adding to the positive sentiment, the Shiba Inu community received intriguing updates from notable figures within the project. Something physical is coming. #shib #shibarmy pic.twitter.com\/XuAe2AkpJw \u2014 Shytoshi Kusama\u2122 (@ShytoshiKusama) June 14, 2023 Shytoshi Kusama, a prominent Shiba Inu developer, generated excitement with a mysterious tweet teasing an upcoming product launch. Soon after, Lucie Shib, another key contributor, affirmed the project&#8217;s vitality and commitment to development in a separate tweet. We are building. We are not going anywhere.$SHIB x #Shiboshis \u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 (@LucieSHIB) June 15, 2023 Recent Price Movements And Social Sentiment As per the latest data from CoinMarketCap, the current price of SHIB stands at $0.00000669, showcasing a 2.65% uptick within the past 24 hours. The past seven days also showed some price improvement for SHIB, as the meme coin gained 7.29%. Source: CoinMarketCap Examining on-chain data, it becomes evident that these critical announcements have had a positive impact on the social sentiment within the SHIB community. The Weighted Sentiment metric for SHIB began to show an upward trend around June 9, and as of June 16, it sits at approximately -1.43. This indicates a notable 13% improvement in positive sentiment over the past week. SHIB market cap currently at $4.07 billion on the weekend chart: TradingView.com Related Reading: PEPE Jumps Nearly 10% In 24 Hours, Sparking Speculation Of A New Rally Possibility For A Bullish Reversal When the Weighted Sentiment metric starts to rise during a period of price correction, it often signals the potential for a bullish reversal. Therefore, if the recent team announcement materializes into a well-received product launch, there is a possibility that the SHIB price could enter a phase of recovery in the near future.\u00a0 This development has captured the attention of investors and could pave the way for an upward trajectory for the meme coin. Featured image from The Daily Hodl<\/p>\n","protected":false},"author":557,"featured_media":538329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,4735,84473,88435],"class_list":["post-538324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shina-inu"],"acf":[],"yoast_head":"\n<title>Shiba Inu Positive Social Sentiment Sparks Bullish Speculation<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB), a cryptocurrency that has gained immense popularity and attention in recent months, is making waves once again as its price exhibits\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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