Shiba Inu (SHIB) Plummeted by 8%, Could It Spark New Rally?

$SHIB not enjoying the meme coin rally and having serious trouble on the market as more investors distance themselves from what used to be the king of meme assets

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.Shiba Inu recently experienced a sharp 8% drop in its price, inching closer to the critical $0.000009 level.

This decline could potentially be the last stop before the once-popular meme coin hits a new local low. Several factors may be contributing to this price drop, such as the rally of riskier meme assets like PEPE, the maturing of Shiba Inu as an asset and the lack of attention paid to fundamentally sound assets likeThe ongoing rally of more speculative meme assets like PEPE has diverted attention away from Shiba Inu.

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