Shiba Inu (SHIB) is currently experiencing a price decline due to low buyer demand, falling 4.5% to $0.00002060. The decrease follows a 27% drop over the last 30 days, potentially offering a discounted entry point. However, further price drops are possible, prompting consideration of alternative meme coins. Reduced new user adoption on the Shibarium blockchain is contributing to SHIB's struggles. The coin's high market cap of $12 billion limits its potential for explosive growth. SHIB's price is approaching its 200-day moving average, indicating weakening momentum. The Relative Strength Index (RSI) is below 40, suggesting bearish sentiment. Investing in SHIB carries significant risk, although a potential recovery could make it a worthwhile purchase. Three alternative meme coins—Wall Street Pepe ($WEPE), Flockerz ($FLOCK), and Meme Index ($MEMEX)—are presented as potentially higher-growth options, currently available in presales with attractive staking rewards. These presales offer early investors fixed low prices and additional benefits.
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