Can the correlation between Shiba Inu (SHIB) and Fantom (FTM) change the fate of Shiba Inu? This question is on the minds of many crypto investors as Shiba Inu's price fluctuates and the market experiences volatility. In the past, a unique correlation has been observed between SHIB and Fantom, currently the 40th ranked token. But what does this Shiba Inu Fantom correlation really mean for the meme coin's future?

Recently, Fantom has had a difficult month. This coincides with a period where Shiba Inu needs an urgent recovery, having traded around the $0 mark for some time. The Shiba Inu correlation is particularly relevant now. Technical indicators show the influence of broader meme coin market correlations impacting SHIB, alongside Dogecoin and PEPE. This raises a crucial question: Can the correlation with Shiba Inu provide the boost Fantom, and consequently Shiba Inu, needs?

Analyzing the 24-hour moves for Dogecoin (CRYPTO:DOGE), Shiba Inu (CRYPTO:SHIB), and Fantom (CRYPTO:FTM), we see outsize losses for many. This emphasizes the importance of understanding these correlations. With SHIB fading from the spotlight, the key question is whether any bounce is the beginning of a real recovery or just a relief rally before Shiba Inu resumes its bearish trend.

Shiba Inu's market value is potentially poised for growth, potentially boosted by increased token burning activity. Demand for the token will increase, significantly boosting prices. The future may be bright. So, can the relationship between Shiba Inu Fantom bring about a positive change? Investors are watching closely to see if this correlation will ultimately help reshape the fate of this popular meme coin, or if the Shiba Inu Dogecoin relationship is ultimately more impactful.