The cryptocurrency market had a volatile week last week, with Shiba Inu drawing attention with significant community developments, while Bitcoin maintained its long-term optimism.
Bitcoin is trading at $95,035.2, while leading altcoins have also seen price fluctuations. Meme cryptocurrencies like Shiba Inu have attracted attention with community-focused steps. Market players’ expectations for the last quarter of the year continue to rise.
Bitcoin closed the weekend around $94,000. While this suggests that the asset is experiencing a short-term correction, market participants are still optimistic that Bitcoin will perform strongly in the long term. American tech firm KULR’s purchase of $21 million worth of Bitcoin further reinforced this optimism.
On the other hand, small outflows were observed in cryptocurrency investment funds and Bitcoin ETFs. This situation shows that there is uncertainty in investor sentiment. Famous finance writer Robert Kiyosaki predicted that Bitcoin could reach $350,000 in 2025, and pointed out that Bitcoin could be a strong investment tool in the long term.
Shiba Inu Community Mobility Comes to the Fore
Shiba Inu (SHIB) has completed the week with strong community developments as a dog-themed meme cryptocurrency. Shiba Inu’s lead developer Shytoshi Kusama announced the TREAT token launch and launched “SHIB: The Metaverse.” In addition, the number of Shibarium network users exceeded 2 million, creating excitement within the community. The burn process initiated to reduce the circulating supply of the SHIB token could positively affect future price expectations. Experts state that SHIB can gain momentum with community support during this process.
These developments in the cryptocurrency market may increase market activity in the coming period. It is important for investors to be careful about market fluctuations and follow trends closely.