Shiba Inu: How falling Bitcoin volumes could fuel a 400% SHIB rally

Quick Summary:

When market exhaustion sets in, SHIB sees higher daily gains as BTC traders reallocate profits into high-cap tokens.

However, if traders start viewing SHIB’s current price as a “dip” worth buying, they might absorb the selling pressure, similar to previous instances.

Despite the uptick in trading volume, traders appear unconvinced about SHIB’s long-term gains.

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Article Details

Author / Journalist: Ripley G

Category: Crypto

Markets: United States

Topics: News 1 Social Trading View Ambcrypto Memecoins Shiba Inu News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 12:00:32 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23102189

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 23 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #103

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