If Shiba Inu moves downwards again, we'll see a complete nullification of this year's growth
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Conversely, reaching this critical point could also spark interest among new investors and traders looking for a bargain entry point. This scenario hinges on the"buy the dip" mentality, a common strategy where market participants purchase assets they deem undervalued during a downturn. If SHIB's vibrant community rallies and the project can present new developments or partnerships, it might create enough momentum for a price rebound.
The concept of 'ultrasound money,' which hinges on Ethereum becoming deflationary through burning transaction fees, seems a distant dream in the current landscape. With both the DeFi and NFT sectors in a lull, the transaction fees on the Ethereum network, which are used for burning ETH, have decreased. This reduction undermines the deflationary aspect, further dampening investor enthusiasm.) is eyeing a significant threshold, drawing ever closer to the $0.5 mark.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Shiba Inu (SHIB) Sets Massive Transaction Volume of 4.48 Trillion SHIBShiba Inu has seen 4.48 trillion SHIB in transaction volume over last 24 hours
Weiterlesen »
Shiba Inu (SHIB) Burn Rate Jumps 120% as Sell-off Deepens, What's Next?Shiba Inu (SHIB) incinerates over 97 million tokens in quiet fight for recovery
Weiterlesen »
Mysterious Shiba Inu Whale Buys Billions of SHIB as Token Price Takes DipBillions of SHIB acquired by unknown investor as Shiba Inu token price plunges
Weiterlesen »
Shiba Inu (SHIB) Comes Close to Yearly Lows, What's Next for Price?Shiba Inu moving toward its yearly low, which creates dangerous tendency for meme asset
Weiterlesen »
SHIB Burn Rate Explodes to 100% a Day After Shiba Inu Reached a Major MilestoneCrypto Blog
Weiterlesen »
Shiba Inu (SHIB) Sets Two Key Targets Amid Price DrawdownShiba Inu eyes beating total transaction and wallet address count milestones despite ongoing market slowdown
Weiterlesen »