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Shiba Inu Soars 150%, But Suddenly Hits the Brakes! Price Plummets, Trading Volume Drops by $2.8 Billion, Can SHIB Make a Comeback?
So far this year, the price of Shiba Inu (SHIB) has risen by 150%, and as new funds entered the market, trading volume once soared to billions of dollars. However, from December 10 until now, the trading volume of Shiba Inu has decreased by $2.8 billion.
This decline is consistent with the 10% drop in SHIB's price over the past week. So, will SHIB enter a long-term downtrend because of this?
In fact, Shiba Inu's popularity has plummeted from last week's peak.
On December 10, the trading volume of Shiba Inu reached $3.58 billion. This metric tracks the total amount of Shiba Inu transactions over a period of time.
This decline is consistent with the 10% drop in SHIB's price over the past week. So, will SHIB enter a long-term downtrend because of this?
In fact, Shiba Inu's popularity has plummeted from last week's peak.
On December 10, the trading volume of Shiba Inu reached $3.58 billion. This metric tracks the total amount of Shiba Inu transactions over a period of time.
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