{"id":14317,"date":"2024-03-05T09:56:03","date_gmt":"2024-03-05T09:56:03","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=14317"},"modified":"2024-03-05T09:56:03","modified_gmt":"2024-03-05T09:56:03","slug":"shiba-inu-price-drops-50-on-coinbase","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/shiba-inu-price-drops-50-on-coinbase\/","title":{"rendered":"Shiba Inu Price Drops 50% on Coinbase"},"content":{"rendered":"

After doubling its price Shiba<\/a> Inu<\/strong> experienced 50% price drop. Last couple of weeks was profitable for memecoins. Shiba price went up nearly 340%. But this morning Shiba Inu’s price dropped dramatically 50% on Coinbase.<\/p>\n

Shiba Inu’s Price Dropped on Coinbase<\/h2>\n

Shiba<\/a> Inu experienced a significant drop in prices, plummeting by 50% on the U.S. exchange Coinbase during the early hours of Tuesday in Asia. However, this decline was transient, with prices swiftly returning to normal, marking an unusual occurrence in the market.<\/p>\n

The drop occurred amidst a volatile trading session for cryptocurrencies, with Shiba Inu falling victim to a sell-off primarily led by Bitcoin. On Coinbase, SHIB dipped from $0.000044 to $0.000022, while other exchanges like Bybit and Kraken reported an average price of $0.000036, indicating the Coinbase drop as an outlier.<\/p>\n

You might be interested: PEPE Coin Price Prediction: Time to Buy?<\/a><\/em><\/p>\n

Such sharp declines typically happen when a substantial sell order surpasses the available liquidity on an exchange. As of the European morning hours, SHIB had a market depth of $1.2 million on Coinbase.<\/p>\n

Despite this setback, SHIB saw robust trading activity on Coinbase, with volumes exceeding $1.7 billion in the past 24 hours, surpassing its counterparts. Coinbase remains a crucial platform for U.S.-based retail investors seeking access to the crypto markets due to its regulatory compliance.<\/p>\n

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After doubling its price Shiba Inu experienced 50% price drop. Last couple of weeks was profitable for memecoins. Shiba price went up nearly 340%. But this morning Shiba Inu’s price dropped dramatically 50% on Coinbase. Shiba Inu’s Price Dropped on Coinbase Shiba Inu experienced a significant drop in prices, plummeting by 50% on the U.S.<\/p>\n","protected":false},"author":6,"featured_media":11410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[69,66,4697],"class_list":["post-14317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-shiba","tag-shiba-inu","tag-shiba-price"],"yoast_head":"\nShiba Inu Price Drops 50% on Coinbase - Coin Engineer<\/title>\n<meta name=\"description\" content=\"After doubling its price Shiba Inu experienced 50% price drop. Which levels to follow? 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