SHIB Falls by 0.78% as Network Security Enhancements and Market Fluctuations Continue
- SHIB dropped 0.78% on Nov 2, 2025, amid broader market corrections and a 52.22% annual decline despite short-term gains. - Shiba Inu announced Shibarium's RPC migration and security upgrades to enhance decentralization after a September validator key breach. - Technical analysis shows SHIB trading near RSI neutrality with the 200-day moving average as key support amid network upgrades. - A backtest evaluating price impacts failed due to "division by zero" errors in historical data, requiring filtered dat
As of November 2, 2025,
The
Following this incident, the Plasma Bridge for BONE was reinstated, and new security measures were introduced, including a seven-day withdrawal waiting period and a blacklist feature to deter malicious actions. These improvements are intended to foster greater trust and stability within the ecosystem.
Technical analysis for the backtest utilized moving averages and the relative strength index (RSI) to evaluate short-term price swings and the strength of trends. These indicators help pinpoint potential reversal zones and determine if SHIB is currently overbought or oversold. For example, the RSI has hovered near the midpoint, while the 200-day moving average remains a crucial support level. Such metrics are essential for analyzing SHIB’s price trends amid network upgrades and shifting market dynamics.
Backtest Hypothesis
A backtest was conducted to analyze how the recent Shibarium RPC migration and associated security improvements affected SHIB’s price. However, the process was halted due to a “division by zero” error, which usually happens when price data for a specific event date is missing or recorded as zero. The most likely explanation is that the first month in the event timeline (probably January 2022) does not have a valid closing price from the previous month, resulting in a division by zero during the return calculation.
It’s also possible that one or two following months have zero closing prices, further complicating the analysis. To address this, the event timeline can be revised to include only those months that meet certain requirements: the monthly close must show at least a 10% decrease from the previous month, and the previous month’s close must be above zero. This approach would automatically filter out problematic months like January 2022 and any others with invalid data. After cleaning the data, the backtest can be rerun to better understand how these upgrades have influenced SHIB’s price movements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin Latest Updates: Massive Whale Sell-Off Triggers DOGE Plunge as $0.18 Floor Collapses
- Dogecoin fell below $0.18 as whale selloffs and institutional offloading intensified, triggering bearish momentum. - On-chain data showed 440M DOGE liquidated by mid-tier holders, with technical indicators like death crosses confirming downward pressure. - Analysts warn $0.18 support failure could drive prices toward $0.07, while top-tier holders increased supply share to 19.46% amid selloff. - Upcoming $17.8M DOGE unlocks and Fed policy trajectory may influence volatility, with traders treating rallies
Litecoin Shows Bullish Signs Despite 5% Drop: Will a Break Above $105 Spark a Major Rally?
- Litecoin (LTC) shows bullish signals as Bollinger Band Width hits record lows, with Tony Severino highlighting a "Hammer" candle above the band for a positive bias. - Technical indicators suggest a potential 30% rally to $137 if LTC breaks $105, supported by $4.08M in exchange outflows and skewed derivatives activity favoring long positions. - Analysts project ambitious targets ($300–$2,000) citing consolidation and MWEB upgrades, though warnings of short-term $30 pullbacks and mixed price action ($94, -
Solana News Update: Institutions Rush to Solana’s Returns as Fintech Firms Struggle with Earning Profits
- SoFi Technologies, a fintech leader, reported $2.34B revenue in 2024 (up from 2021) but faces ongoing net losses (-$113.3M) amid expansion into AI ETFs and blockchain services. - Mono Protocol's $2.83M presale targets 1,011% returns, leveraging WalletConnect and Chainlink partnerships to compete in Web3 infrastructure. - Solana attracts 81% staked SOL (7% yield) and $417M ETF inflows, outpacing Ethereum in institutional adoption despite Ethereum's $12B real-world asset lead. - Regulatory uncertainty pers
Bitcoin News Update: DeFi Faces Confidence Challenge as $110M Balancer Breach Exposes Widespread Weaknesses
- Balancer's $110M DeFi pool exploit drained $128M across multiple chains, triggering market panic and BAL token crashes. - Forks like Beets Finance and Berachain halted operations, while PeckShield linked the breach to admin key flaws or shared contract vulnerabilities. - BTC/ETH/SOL prices fell as traders de-risked, with BAL facing bearish technical outlooks and potential $0.80 support levels. - 2025 DeFi losses now exceed $2.8B, exposing systemic security gaps as regulators and institutions scrutinize s
Trending news
MoreCrypto prices
More
