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Shiba Inu (SHIB) Drops by 15% in 2 Weeks: These Factors Suggest Extended Correction

TL;DR Shiba Inu’s price has fallen substantially lately, with declining burn rates and large transaction volumes signaling continued bearish momentum. On the other hand, reduced exchange reserves and SHIB’s RSI nearing oversold territory suggest that a potential rebound may be on the horizon. The Bad Days for the Bulls Might Not be Over The past two weeks have been quite successful for most leading cryptocurrencies. Bitcoin (BTC), for instance, saw its price surging by 10%, while Ethereum (ETH) pumped by 4%. However, some assets have not performed so well . The popular meme coin Shiba Inu is among the biggest losers, with its valuation plummeting by over 15% for that period. Currently, it trades at around $0.00002575 (per CoinGecko’s data), representing a 6% decline on a daily scale. SHIB Price, Source: CoinGecko Some factors and on-chain metrics signal that the bears might continue to prevail in the near future . One example is the red wave going through the entire meme coin sector. The market capitalization of the niche is down 4% in the last 24 hours, with well-known assets like Dogecoin (DOGE), Pepe (PEPE), dogwifhat (WIF), Bonk Inu (BONK), Floki Inu (FLOKI), Peanut the Squirrel (PNUT), and many more charting substantial losses. Another element worth mentioning is Shiba Inu’s burning mechanism. Data shows that the burn rate has decreased by almost 70% in the past week, resulting in just 128 million tokens sent to a null address. The program’s ultimate goal is to reduce the tremendous supply of SHIB, making it more scarce and potentially more valuable (assuming demand doesn’t head south). The Shiba Inu team and community have burned more than 410 trillion tokens since adopting the mechanism. However, the circulating supply remains quite significant, equaling approximately 589 trillion SHIB. Last but not least , we will focus on Shiba Inu’s large transaction volume (a momentum indicator showing the number of transactions greater than $100,000). According to IntoTheBlock, the metric is down 4.2%, entering bearish territory. It’s Not All Doom and Gloom On the other hand, there are some indicators that suggest SHIB could soon return to the green track. An example is the Shiba Inu exchange reserve, which, according to CryptoQuant, has recently plummeted to levels last seen in the spring of 2021. The development signals a shift from centralized platforms toward self-custody methods, which could be considered bullish since it reduces the immediate selling pressure. Last but not least , we will touch upon SHIB’s Relative Strength Index (RSI). The technical analysis tool measures the speed and change of price movements, varying from 0 to 100. It helps traders identify oversold or overbought conditions, with readings below 30 suggesting a potential buying opportunity. SHIB’s RSI has been on a downtrend in the last week, currently standing slightly above the bullish zone. The post Shiba Inu (SHIB) Drops by 15% in 2 Weeks: These Factors Suggest Extended Correction appeared first on CryptoPotato . CoinTurk News

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RealNOI and Chintai Nexus Partner to Launch $124M Tokenized Real Estate Platform

In a move that highlights the growing convergence of real estate and blockchain technology, RealNOI , a platform focused on real estate investment, has joined forces with Chintai , a compliance-oriented tokenization platform, to debut a solution that brings multifamily rental property cash flows into the digital asset ecosystem. This initiative introduces a long sought after concept of tokenizing monthly rental income streams, making them accessible to a broader range of investors, particularly those interested in DeFi. A New Era for Real Estate Investment The collaboration will launch with two, one New York and one New Jersey based, properties valued at $124 million, offering a digital pathway for investors to engage with real estate income streams. Chintai Nexus’s blockchain platform ensures that the process adheres to global standards, providing institutional investors with secure access to these tokenized assets. An example of this technology in action is the DNZ carbon exchange, launched by Chintai Nexus in early 2024. This platform successfully tokenizes and trades real-world assets like carbon credits, showcasing its capability to handle complex asset classes and paving the way for similar innovations in real estate. Solving Liquidity and Access Challenges Tokenized real estate cash flows aim to address persistent challenges in the market, such as limited liquidity and cross-border access. By leveraging blockchain, RealNOI and Chintai Nexus are creating a system that facilitates international participation while ensuring transparency. Chintai Nexus’s infrastructure incorporates elements of decentralized finance (DeFi), including automated market making and inter-blockchain connectivity to major networks such as Ethereum, Solana, and Avalanche. This setup enhances liquidity and accessibility for tokenized real estate assets, allowing investors from diverse backgrounds to participate in high-value markets. Rethinking Real Estate Investment Models This approach diverges from traditional real estate equity models, focusing instead on cash flow tokenization. Investors can expect monthly distributions of rental income through the platform, with future prospects for secondary market trading. A notable application of this model is seen in DNA Holdings Venture Inc., which has launched DNA Deal Desk—an exclusive investment platform built on Chintai’s blockchain. This platform tokenizes projects as special purpose vehicles (SPVs), allowing investments to be securely managed on-chain. Such innovations could similarly transform how real estate cash flows are structured and traded. Broader Implications The partnership between RealNOI and Chintai Nexus represents a significant shift in real estate investment, underscoring the growing importance of tokenization in the digital age. The global real estate tokenization market, valued at $2.81 billion in 2023, is projected to reach $11.80 billion by 2031 , with a compound annual growth rate (CAGR) of 19.9%. This rapid growth reflects increasing adoption of blockchain technology within the sector. Tokenization could democratize property investment by lowering barriers that have historically favored institutional and high-net-worth investors. By fragmenting high-value assets into tradable tokens, these platforms may unlock unprecedented liquidity in a traditionally illiquid market. A recent EY survey found that 80% of high-net-worth investors and 67% of institutional investors are either investing or planning to invest in tokenized assets. This approach may also redefine property ownership, allowing investors to acquire targeted income streams or fractional interests rather than entire properties. Projections indicate that by 2030, tokenized real estate offerings could account for 13.58% of the total commercial real estate industry . As blockchain technology matures and regulatory frameworks evolve, tokenized real estate has the potential to transition from an experimental concept to a mainstream investment strategy, reshaping both the real estate and digital asset markets for a broader range of participants. CoinTurk News