Why has Shiba Inu dropped?

The cryptocurrency Shiba Inu ( SHIB -4.62% ) climbed on Wednesday, following reports of a massive purchase by a wealthy investor . As of 5:10 p.m. ET, Shiba Inu’s token price was up more than 10% over the previous 24 hours.22 Ara 2021

Shiba Inu is no longer the unknown player that it was before its meteoric rise in 2021 . It will likely take years for the cryptocurrency’s price to reach $0.01, if it ever hits that level. Time isn’t automatically on Shiba Inu’s side, though.21 Oca 2022

Despite the recent fall in the last one month, the investor community of Shiba Inu has kept the trading volume at a very healthy level. Shiba Inu is dropping because the whole cryptocurrency market is in the bear run , said Nitish Sharma, Global CEO, TP Global FX.