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 .
Read moreWhy 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.
Read moreWhy has crypto been down?
Bitcoin fell to a two-week low Tuesday after Russia ordered troops into two separatist regions in eastern Ukraine. Geopolitical tensions and climbing inflation are among the key factors weighing down on bitcoin’s price.
Read moreCan a Shiba Inu hit 1 cent?
If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen .9 Mar 2022
Read moreCan Shiba Inu reach 1 cent in 2025?
Unfortunately, that’s impossible . With a $1 price tag, Shiba Inu’s market value would reach $550 trillion. For context, global gross domestic product — the value of all goods and services produced across every economy — is expected to reach $94 trillion in 2021 and $116 trillion by 2025.
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