Shiba Inu (SHIB) Should Hit New Lows in 2023, Trader Predicts

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Shiba Inu (SHIB) Should Hit New Lows in 2023, Trader Predicts
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Things could get even worse for $SHIB in 2023, CryptoCapo_ says

, pseudonymous trader il Capo Of Crypto predicted that SHIB should hit a new low in 2023. The chartist believes that the SHIB token will decline all the way to the $0.00008616 level.has seen a disastrous year of 2022, with its prices plunging more than 70% amid high interest rates and internal market crises.

The SHIB price reached a new all-time peak in October 2021. But it was all downhill for SHIB holders from there due to the unfavorable macro environment and internal market crises., one of the top blockchain projects, sent shockwaves through the digital currency world and brought down several important players, such as hedge fund Three Arrows Capital .

The launch of Shibarium, a Layer 2 solution for Shiba Inu, might prove to be a major catalyst for the meme coin. As

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