As demand for risk remains at an extremely low level, traders and investors tend to choose more stable options, usually outside of the cryptocurrency market altogether. Those who left their funds in digital form are moving them away from exchanges, or"tethering out" completely until the situation on the market changes in a positive way.
In addition to the problem with risk demand, Shiba Inu is in a tough spot in terms of fundamental value as it still has almost no use cases, and the metaverse developed in the background does not seem to be attracting enough institutional funds. As for Dogecoin, Vitalik Buterin's attempt to make smart contracts on the network possible seems to be in the embryonic stage and has not found the needed developer support.
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And this should be a good news 😂. The worst meme coin ever