Shiba Inu (SHIB) is second largest meme coin by market cap and definitely the most important in terms of community attention; here are some catalysts that can affect SHIB price moves
Shiba Inu is second largest meme coin by market cap and definitely the most important in terms of community attention; here are some catalysts that can affect SHIB price moves
Shiba Inu champions the nonprofit ethos of cryptocurrency and is among the most common coins for cryptocurrency enthusiasts; Thanks to the volatile dynamics of its price, Shiba Inu was listed on the majority of futures trading platforms soon after launch.Meme coins should be considered a subclass of cryptocurrencies with no"real" utility and intrinsic value. Most frequently, they are developed by anonymous enthusiasts in a"just for fun" manner. As a backbone element of their narratives, such coins use memes, viral humorous images or characters.
Right now, Shiba Inu is the second largest altcoin by market capitalization, only surpassed by"undisputed" Dogecoin .After a turbulent 2022, the Shiba Inu price can be affected by numerous short-, mid- and long-term catalysts. Let's review a few of them.Just like any other large-cap altcoin, the Shiba Inu price can be affected by the general sentiment of the cryptocurrency market.
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