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Shiba Inu Price Turns Bearish, Risks 26% Drop to Address Market Imbalance Coingape 1ヶ月前

Shiba Inu Price Turns Bearish, Risks 26% Drop to Address Market Imbalance 📉

Shiba Inu Binance
Shiba Inu price continues its downward trend despite growing global adoption by leading brands and startups. The Shib community initiated a petition on Change.org asking Binance to burn SHIB tokens using part of the token trading fees. This move is intended to support the long-term success of the Shiba Inu token. Despite these efforts, the price of SHIB has fallen, raising concerns about a potential further 26% drop to address market imbalance. The decline in SHIB’s price suggests a bearish market sentiment, highlighting the challenges the token faces even as it gains broader recognition. Community-driven initiatives like the petition to Binance reflect efforts to stabilize and enhance the value of the token through strategic measures.

Source: coingape.com ↗

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