Shiba Inu (SHIB) continues to capture market interest, scoring high in MetaMask rankings despite its current consolidation phase.
Shiba Inu's Continued Interest
MetaMask reports strong interest in Shiba Inu among market participants, even as its recent rally shows signs of slowing. Last week, SHIB was the fifth most swapped token on the platform.
Current Analysis of SHIB
Following a 98% surge in November, Shiba Inu has entered a slower phase. A decline of more than 15% was observed last week, yet the token continues to attract trader interest. Other popular tokens in MetaMask's ranks included Pepe Unchained, Pepe, Baby Doge, and HEX.
Future Prospects for Shiba Inu
Despite price fluctuations, SHIB remains an intriguing option for some investors due to its potential for high returns. Currently, SHIB is testing upper thresholds of a long-term downtrend, and the key question is whether it can overcome existing resistance levels.
The elevated interest in Shiba Inu on MetaMask indicates sustained engagement despite recent market fluctuations. The token’s ongoing appeal may support its further advancement, provided market conditions become favorable.
