'Dogecoin Killer' Shiba Inu Drops 12% In 7 Days, But 'It's Not Done Yet,' Says Trader
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has dropped 12% in the past week, but traders remain optimistic due to positive community developments. A whale recently withdrew 353.8 billion SHIB from Binance, increasing their holdings to 838.9 billion SHIB. SHIB can be used for payments at AMC Theatres and Regal Cinemas, and Shiboshis NFTs will soon be usable in a Shiba Inu game. SHIB is trading at $0.00001862, up 1.8% in the past 24 hours.
June 20, 2024 | 2:19 pm
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POSITIVE IMPACT
Shiba Inu (SHIB) has seen a 12% drop over the past week but remains supported by positive community developments and whale activity. SHIB is currently trading at $0.00001862, up 1.8% in the past 24 hours.
Despite the recent price drop, the whale's significant investment and the coin's expanding use cases in payments and gaming suggest a positive outlook. The 1.8% price increase in the past 24 hours indicates short-term recovery potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100