Despite impressive social performance, SHIB’s price cannot get out of sideways drift
Shiba Inu has remained a very popular project for at least the past week, as evidenced by social performance metrics, provided by analytics agency LunarCrush. Digging deeper into Shiba Inu stats, the eye immediately notices double-digit numbers in the growth of social metrics such as endorsements (+45.1%) and dominance (+35%).
Despite excellent values of the aforementioned indicators, a closer look reveals 63.6% growth in the amount of spam concerning SHIB. And that perfectly describes Shiba Inu and its hyperactive community, the Shib army. Pure chaos and contradictions have been accompanying the project from the start and could somehow be considered SHIB’s formula.
This can also be seen in other LunarCrush metrics regarding Shiba Inu. For example, with nearly equal values around the draft, bullish (+45.5%) and bearish (+53.4%) sentiments prevail, but the bears still hold the lead.
Who is going to get SHIB out of sideways drift?
The bears versus bulls battle emerges not only on the subject of market sentiment, but also in regard to the question that has intrigued the ShibArmy and casual traders for almost a month: who, or maybe what, is going to get SHIB out of the sideways drift?
For almost a month, since May 11, SHIB price has been unable to exit the 0.00001-0.000013 corridor, and it is exhausting. Neither the announcement of the adoption of SHIB as a method of payment nor the burning of discs has helped Shiba Inu quotes break from this disgusting trend. The current situation leaves the door open for speculation, and it looks like the bears are in more control of it.
