Does The Shib Beat It’s Rivals?
Does the Shib beat it’s rivals? The views expressed here are not investment advice; provided for informational purposes only. Investing in any business involves risk, so you should always do your own research before making any decisions.
We advise you not to invest money that you cannot afford to lose. Shiba Inu (SHIB) trading volume increased by more than 128%, according to data from CoinMarketCap. At the time of writing, 20.1 trillion (20,156,983,487,493) SHIB, or $164,114,453, were traded in the last 24 hours as the crypto market increased. Increased volatility often results in higher trading prices as traders have time to buy and sell large amounts to maximize their profits.
Similarly, the increase in SHIB volume may be due to buyers buying the stock as its price fell to a six-month low. It is likely that sellers are struggling to take advantage of their recent opportunities to buy at a discount.
Some commentators, however, believe that the total number of trading units between buyers and sellers, or trading volume, may be unreliable. it of the plans of the investors.
SHIB Reaches Buy Support Shiba Inu touched the key support of $0.0000080 on December 16 as its price fell for the third day in a row. Buyers appeared at these prices as SHIB rose slightly to a high of $0.000082 on December 17th. Although it is currently running around here, buyers see it as an opportunity to collect the fall.
SHIB currently holds around $0.0000081 from where its price rose almost 25% to hit a high of $0.00001016 on December 1. 5. The price of SHIB rose in June this year when it first affected this basic support. At press time, SHIB was trading at $0.0000082, down 4.52% in the last 24 hours. Although there seems to be a lot of negative things in the crypto market following the recent events inside and outside the space, from the Binance FUD and the FTX saga to the financial crisis from At the Fed, the on-chain research firm Santiment believes that capitulation could end quickly.
In fact, based on historical trends, the current uncertainty may represent a signal in the background.