Shiba Inu on Sale: Investors Aim for Big Gains Despite Market Dip
The recent slump in cryptocurrency prices has presented an opportunity for Shiba Inu enthusiasts to buy the token at a discount. This comes as the broader crypto market experiences a correction, with Bitcoin falling below $65,000.
Market Downturn Triggers Buying Spree
A key factor behind the market-wide slump is hotter-than-expected U.S. inflation data, leading investors to flee riskier assets like cryptocurrency. This triggered a drop in Shiba Inu's price, reaching a one-month low of $0.00002140 yesterday before recovering slightly. While it remains above $0.000024, SHIB is still down 11% over the past day.
This decline, however, is seen as a buying opportunity by some investors participating in a "buy-the-dip" strategy. They are accumulating SHIB tokens in anticipation of a price re...