SHIB Price at Risk of Extra Zero Amid Worsening Market Sell-off

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Will SHIB Add a Zero?

SHIB Price at Risk of Extra Zero Amid Worsening Market Sell-off

Ah, Shiba Inu (SHIB), the canine crypto darling 🐶. Seems our furry friend is facing a bit of a predicament. The entire crypto market is having a bit of a meltdown 😱, with prices plummeting faster than a chihuahua down a flight of stairs. It seems even the most ardent believers are starting to panic sell.

Some folks were already feeling a bit salty about the U.S. government’s recent Bitcoin shenanigans 🏛️. But the real kicker is the general gloom and doom hanging over the global economy. It’s enough to make even the most optimistic investor contemplate a life of simple pleasures like belly rubs and chasing squirrels.

The carnage continued into Tuesday, with the stock market taking a nosedive 📉. The S&P 500 took a tumble of 2.7%, and the Nasdaq 100 wasn’t far behind, losing a whopping 3.8%. Word on the street is that a staggering $957 million in crypto has been liquidated in the last 24 hours. Ouch!

SHIB to add extra zero?

Naturally, our Shiba pal wasn’t immune to this crypto carnage. It’s been a downward spiral for SHIB since March 7th, plummeting from highs of $0.000013 to a low of $0.00001142 on March 10th. Talk about a ruff time!

As of this writing, SHIB is down a painful 8.15% in the last 24 hours, hitting a low of $0.00001082. Some folks are whispering that SHIB might be on the verge of adding an extra zero to its price tag. But hold on a second! Last time SHIB traded with five zeros was back in February 2024. Remember, bulls have a habit of swooping in to save the day. Don’t count your doggos before they hatch!

Technical analysts are saying that the support level near $0.0000108 was crucial in preventing SHIB from adding an extra zero back in August 2024. This support level is like a safety net for SHIB. If it breaks, well, things could get messy. But who knows, maybe SHIB will defy the odds and stage a comeback! After all, it wouldn’t be the first time a crypto underdog has taken the world by storm 🚀

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2025-03-11 17:04