Vitalik Buterin shares his view on Shiba Inu situation
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Looking at the SHIB/USDT daily price chart, a strong uptrend can be spotted. After a phase where the price remained relatively stable,has exhibited a significant increase in buyer interest. The chart indicates an upward trajectory, with the price moving past the moving averages — a sign often used by traders to gauge market momentum.Currently, SHIB is trading close to a resistance level, a price ceiling where past attempts to push higher have been met with selling pressure.
Combining Buterin's unexpected remarks with SHIB's positive price movements on the chart, the situation points to potentially underestimated strength in SHIB. While Buterin did not share any advice or give any bullish forecast for the meme coin, it might still benefit heavily from a single shout-out from one of the biggest influencers in the cryptocurrency industry.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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