Shiba Inu (SHIB) Returns to Growth Path Amid Bearish On-Chain Markers, Here Are Likely Triggers

ShibaInu up by almost 4% as it pares off earlier losses

at $0.00001078. Despite being a highly volatile meme coin, Shiba Inu has not been well-favored lately as its growth has been relatively off track compared to other top-ranked digital assets.

When looked at closely, the ongoing upsurge or revival in the price of the meme coin has not been fueled by its on-chain markers. With the burn rateby 99% and the trading volume down by 39.51% over the past 24 hours, the SHIB growth trigger is an external and strong one. First, Shiba Inu is taking advantage of the broader rally in the industry, with Bitcoin gradually paring off its losses with 1.93% growth at the time of writing. Shiba Inu arguably has the greatest sentiment among its peers under the fundamentals associated with its ecosystem.

In reality, many traders are notably waiting for the best opportunities to stack up and go long on the digital token as it is believed that the

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