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Since the first week of December 2024, the Shibarmy has experienced a choppy market for Shiba Inu ( $SHIB ) akin to Ethereum (ETH). The mid-cap dog-themed memecoin, with a fully diluted valuation of about $7.2 billion and a 24-hour average trading volume of about $169 million, has dropped more than 22 percent in the past four weeks to trade about $0.00001239 on Friday, March 14, during the mid-London trading session. As the largest memecoin on the Ethereum network, Shiba Inu price has moved in tandem with Ethereum. Consequently, a potential V-shaped reversal for Ether in the near future could directly impact Shiba Inu price action and the wider altcoin market. Shiba Inu Chart Insights From a technical analysis standpoint, Shiba Inu price is currently retesting a crucial support range between $0.0000128 and $0.00001, which was established in the last year. Additionally, SHIB price has been retesting a crucial support weekly trendline, which must hold to invalidate further market correction. In case of a sudden market reversal, SHIB price will be aiming for the next supply zone between $0.000021 and $0.000025. Favoring Fundamentals Shiba Inu has, over the years of existence, evolved to a utility-based memecoin through the Shibarium layer two (L2) ecosystem. The Shibarium ecosystem has grown to more than a dozen DeFi protocols, with a total value locked of about $1.71M at the time of this writing.As a result, the SHIB token has attracted more than 1.4 million on-chain holders, who have helped increase the network’s overall burn rate. In the past 24 hours, the burn rate of SHIB surged by 27,787 percent, according to on-chain aggregate data .

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Bitcoin’s Token Titans Tumble: BRC20 and Runes Tokens Languish in 2025 In the second half of 2023, the Bitcoin protocol witnessed the emergence of tokens introduced through the BRC20 standard, which was later succeeded by the Runes protocol following the network’s fourth halving. BRC20 and Runes Tokens Stagnate Once hailed as innovative additions, these digital assets now seemingly appear as fleeting anomalies, with valuations tumbling precipitously from their historic peaks. Two distinct token categories rooted in Bitcoin have surfaced since 2023: BRC20 and Runes tokens. Today, SATS (Ordinals), the leading BRC20 token, commands a $257 million valuation, while DOG leads the Runes cohort at $190 million. Together, they constitute 54.77% of the combined $817 million market for both of these token classes. SATS has eroded 86.7% of its peak value, and DOG languishes 80.7% below its all-time price record.

If you're right brained, you'll see a dog. If you're left brained, you'll see a giraffe