The speculative growth in crypto token Shuba Inu (SHIB) is on a decline, according to the weekly volume breakdown of Coinbase for November 19.<\/p>\n

SHIB’s market share on the Nasdaq-listed crypto exchange, which was at 6.72 percent, fell to third place behind bitcoin and ether, according to Coinbase Institutional’s weekly email dated Nov. 19.<\/p>\n

In the previous two weeks, the self-proclaimed dogecoin killer has topped Coinbase’s volume rankings, adding 16.6% to overall activity on November 11 as compared to 25% on November 5.<\/p>\n

According to Coinbase’s weekly newsletters<\/a> on Nov. 19, the volumes of BTC and ETC are increasing while SHIB is seeing a decline as it stands at third place.<\/p>\n

However, SHIB is still ahead of prominent cryptocurrencies like Solana and Polkadot’s SOL and DOT tokens, scaling solution Polygon’s MATIC cryptocurrency, and decentralized oracle network Chainlink’s native coin LINK.<\/p>\n

The retail crypto token has remained amongst the top three traded coins from the second week of October.<\/p>\n

After bitcoin set new all-time highs above $64,889 in the second half of April, $SHIB acquired a solid offer. On October 28, the meme token hit a new high of $0.00008894, increasing by 830 percent over the previous month.<\/p>\n

Many analysts saw SHIB’s rise as a sign of retail over-extension that has often been witnessed at market tops across the world.<\/p>\n

In early May, the dog-themed cryptocurrency enjoyed a parabolic run that was followed by a broad sell-off. Bitcoin plummeted from $58,000 to $30,000 in less than a week.<\/p>\n

Over the past few weeks, history has repeated itself. Bitcoin saw a decline of $55,666 to reach the five-week low on Nov. 19. Since speculative growth is declining, it is highly likely that the market sees its shift to bitcoin and other top cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

The speculative growth in crypto token Shuba Inu (SHIB) is on a decline, according to the weekly volume breakdown of Coinbase for November 19. SHIB’s market share on the Nasdaq-listed crypto exchange, which was at 6.72 percent, fell to third place behind bitcoin and ether, according to Coinbase Institutional’s weekly email dated Nov. 19. In […]<\/p>\n","protected":false},"author":5,"featured_media":1080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[37],"tags":[],"class_list":["post-1078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"acf":[],"yoast_head":"\n