$SHIB price plunges, is it the abyss or rebound after a 7% drop?
SHIB has been very popular recently, with a soaring burn rate and Shibarium's trading volume, which makes people feel that the price of SHIB may rise.
If SHIB can break through the $0.00001884 mark, it may soar by 90%! Doesn't it sound exciting?
However, the cryptocurrency industry has been turbulent recently, with overall declines, including Bitcoin and Ethereum. Shiba Inu has not escaped, with a 7% drop in price and a market value of $10 billion. Dogecoin and some other meme coins have also fallen badly.
However, SHIB still has some tricks up its sleeve. First, its burn rate is super high, and many tokens are sent to empty addresses and burned. As a result, there are fewer tokens in circulation, and the price naturally goes up (of course, the premise is that everyone still wants to buy). Second, Shibarium, the second-layer expansion solution, has also become popular, and the transaction volume has soared, indicating that everyone is very interested in this network, which is also good for the price of SHIB.
So, although the price of SHIB is not high now, only about $0.0000175, if it can break through that key price, it may really soar by 90%! Let's wait and see!
The market has experienced a sharp drop. Next, I will prepare some currencies suitable for bottom-fishing as a return plan. If you get lost, come and find likes + comments! Choice is greater than hard work!
