Shiba Inu, TRON, Zcash, and NEAR Price Action and Network Metrics
Key Summary
Shiba Inu extended its downtrend toward $0.00000447 alongside thinning DeFi liquidity, while TRON maintained $93.88B in stablecoin supply. Zcash activated the NU7 upgrade to cut block times in half, and NEAR Protocol processed $33.00B in cumulative volume via NEAR Intents.
Key Bullets
- Shiba Inu trades near $0.00000447 with thin liquidity and only 375 million tokens burned over the last 30 days.
- TRON holds a stablecoin supply of $93.88B while processing $2.2 trillion in total cumulative settlement volume.
- Zcash activated the NU7 update on November 6 to reduce block confirmation times down to 25 seconds.
- NEAR Protocol maintains $175M in DeFi TVL alongside $33.00B in cumulative volume through NEAR Intents.
Shiba Inu Faces Severe Downward Pressure
Shiba Inu slipped to $0.00000447 Sunday morning as spot exchange order books failed to defend the critical $0.00000500 floor. Technical data monitored on daily charts placed the 200 moving average at $0.00000545, marking a persistent bearish trend. RSI readings drifted toward oversold territory.
On-chain metrics reported by ShibBurn confirmed that only 375,000,000 tokens were burned over the preceding 30 days. TVL on Shibarium dropped to $41,000 late in October, highlighting minimal demand relative to a circulating supply nearing 600 trillion tokens.
TRON Sustains Billions in Stablecoin Volume
TRON traded at $0.3207, hovering below the daily 200 moving average of $0.328. TRON DAO research publications confirmed that network settlement volume crossed $2.2T. Stablecoin supply figures for USDT and USDD on the network reached $93.88B.
Network transaction activity maintained strong utilization above 1,925,000 daily transfers. Canary launched a Staked TRX exchange-traded product to grant institutional funds direct balance sheet exposure.
Zcash Activates Network Upgrade Seven
Zcash traded sideways at $1,272 while maintaining a broader bullish structure on higher timeframes. The Zcash core development team activated the NU7 protocol update, cutting block generation times from 50 seconds down to 25 seconds.
Daily technical charts identified the 50 moving average at $1,220 and the 100 moving average at $1,080. Resistance stood at $1,350, with RSI hovering near the neutral 50 centerline.
NEAR Protocol Drives Multichain Volume
NEAR Protocol changed hands at $3.71, sitting below the 50 moving average of $4.25 and the 100 moving average of $4.65. DefiLlama data showed $175M in DeFi TVL, accompanied by more than 77,000 daily active users.
NEAR Intents processed $33.00B in cumulative volume across multiple chains, adding nearly $1B over the final seven days. Integration with PEARL brought matrix multiplication tools for AI inference directly on-chain.
Impact score:3 out of 5 | Narrative Tracker:Decentralized Finance (DeFi) & Derivatives
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