Why did Shiba Inu go down?

Shiba Inu’s fluctuating price has been swayed by Elon Musk’s tweets, with the Tesla founder’s controversial comments about cryptocurrency often contributing to the rise and fall of the coin’s value. Here’s what Shiba Inu coin is, its price today (Thursday 28 October) and why it’s down today.21 Oca 2022

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Does Shiba have a future?

Shiba Inu Price Prediction for 2022 After the Shiba Inu coin showed an increase in price in 2021, the meme coin fell by more than 60% compared to its all-time high in October last year. Despite this fact, Wallet Investor’s experts believe that the coin gives bullish signals for 2022 and may even reach its past ATH .

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Why are Shiba Inu down?

There’s some substance behind Shiba Inu, just not very much. When the market slumps, it’s cryptos with less utility and less established reputations that are hardest hit. Part of the reason for the recent crypto crash is that economic uncertainty has driven people out of riskier assets like cryptocurrency .

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Why is almost all crypto going down?

As many have pointed out over recent weeks, the big reason why cryptos like Bitcoin are falling alongside tech stocks, experts argue, is the Federal Reserve’s more hawkish turn in its November meeting , indicating an accelerated pace of tapering and rate hikes—a shift away from policies that buoyed crypto since 2020.

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