Why Shiba Inu (SHIB) Is Exploding Higher
Portfolio Pulse from Henry Khederian
Shiba Inu (SHIB) has surged 15% this week, driven by Bitcoin's rise past $72,000 and significant institutional inflows into Bitcoin ETFs. This has sparked renewed interest in speculative assets like Shiba Inu, which is benefiting from the broader crypto market enthusiasm.
October 29, 2024 | 6:05 pm
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Shiba Inu (SHIB) has seen a 15% price increase, driven by Bitcoin's surge and institutional inflows into Bitcoin ETFs. This has created a favorable environment for speculative trading in SHIB.
The surge in Bitcoin's price and institutional inflows into Bitcoin ETFs have created a bullish sentiment in the crypto market. Shiba Inu, known for its speculative nature, is benefiting from this environment as retail investors seek lower-cost alternatives to major coins like Bitcoin.
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