Shiba Inu prices continue to fall?#slerf #slerf #SHIB
At the time of writing, Shiba Inu price is trading at $0.00002542, after the meme coin failed to reclaim support at $0.00002800. The heightened bearish sentiment comes as falling Bitcoin prices trigger bearish signals in the broader market.
SHIB investors are likely to extend this decline not by taking action but by actually doing nothing. Minimal activity from Shiba Inu holders is a key reason for the lack of support for the price action.
New investors are turning away from the world’s second-largest meme token altogether, as evidenced by network growth. This metric is used to measure the attractiveness of an asset and is essentially the rate at which new addresses are created. The decline in this number indicates that the Shiba Inu is increasingly losing its appeal.
The current bull market is turbulent, and we communicate every day and share passwords every day.
Again, the bull market doesn’t know what to do.
