Shiba Inu moving toward its yearly low, which creates dangerous tendency for meme asset
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.
Moreover, current market conditions are characterized by a scarcity of free liquidity. Investors are increasingly cautious, focusing on de-risking their portfolios amid global economic uncertainties. This conservative approach has significantly reduced the capital flowing into speculative assets likeFurthermore, the broader crypto market is experiencing a shift in dynamics. Investors are seeking assets with robust utility and intrinsic value, criteria that meme tokens struggle to meet.
As SHIB flirts with its lowest levels this year, investors are left wondering if a rebound is on the horizon. However, without significant developments in its ecosystem, SHIB's recovery remains an uphill battle.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Read more »
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
Read more »
SHIB Burn Rate Explodes to 100% a Day After Shiba Inu Reached a Major MilestoneCrypto Blog
Read more »
Shiba Inu (SHIB) Sets Two Key Targets Amid Price DrawdownShiba Inu eyes beating total transaction and wallet address count milestones despite ongoing market slowdown
Read more »
AI Shibarium Project Launches Own Wallet With Shiba Inu's Key PartnerShibarium-based AI project Bad Idea and Shiba Inu's key partner, Tangem, team up for wallet launch
Read more »
Shiba Inu's Shibarium and BONE Listed on Prominent Turkish Crypto PlatformShibarium and BONE achieve integration and listing within big Turkish crypto platform
Read more »