Shiba Inu (SHIB) Has Undiscovered Price Potential: Crypto Market Review, August 23

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Despite correction on $SHIB token, it still has some growth potential while $BTC is struggling on the market

Shiba Inu enters standby mode

The trading volume of Shiba Inu has dropped extremely low once again as the interest in the token dropped back to the pre-pump level. Considering the lack of movement and a swift reversal, investors are no longer interested in risk exposure.With the trading volume on SHIB dropping down, the liquidity of the asset should also be at an extremely low level. With the decreasing liquidity and volatility of the token, the possibility of a price spike becomes more possible.

The only positive factor that speaks in favor of the token is the lack of selling pressure, which means that Shiba Inu will be able to move up despite the most recent correction, considering the asset remains in the ascending range., BTC remains under pressure, considering the variety of negative factors around it: decreasing liquidity, dominance of Ethereum derivative products and risk signals entering high-risk zone, pushing even more investors away from digital gold.

Analysts expect this kind of market conditions to float around until the end of this year and potentially the beginning of 2023.Despite the correction on the market, there are few assets that over perform most digital assets, including Bitcoin and Ethereum. Today's leader is

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Shiba Is for the people bitcoin is for the 1%

Umm hello? Why isn't everyone talking about the uniswap exploit?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines