Why Shiba Inu (SHIB) Is Moving
Portfolio Pulse from Henry Khederian
Shiba Inu (CRYPTO: SHIB) has fallen 13.5% over the past week due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. However, it has regained some ground following an announcement by Shibarium, Shiba Inu’s Layer-2 network, about the upcoming relaunch of its improved network.
August 23, 2023 | 11:16 pm
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Shiba Inu has fallen due to market weakness and potential banking downgrades, but the upcoming relaunch of Shibarium's improved network could provide some support.
The weak economic data from China and potential banking downgrades have negatively impacted the price of Shiba Inu. However, the upcoming relaunch of Shibarium's improved network could provide some support to the price.
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