Shiba Inu losing traction in rapid fashion
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Crypto Industry Could Experience 'Ripple Effect,' Shiba Inu Launches On-ramp Feature with Visa and Mastercard, Goldman Sachs Reveals Massive Bitcoin ETF Holdings: Crypto News Digest by U.TodayThe 50 EMA crossing below the 200 EMA — often referred to as a death cross — is a bearish signal that may portend more downside for SHIB as it continues to trade below important moving averages.
SHIB's recent performance indicates that it might find it difficult to hold onto its position as the meme coin market gets more competitive. The ongoing loss of tokens and the reduction in transaction volumes highlight the mounting doubts about SHIB's future. SHIB might encounter considerable obstacles in regaining its previous momentum if these trends do not shift.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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