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Cryptocurrencies are falling today with major tokens recording double-digits price fall. Shiba Inu price fall is 15% at the writing of this article trading at $0.000035. Shiba is not alone in this with other currencies such as Bitcoin is down 16%, Ethereum 14% while Solana is has lost 17%.
Cryptocurrencies tend to have homogeneity in market direction and hence the reason why almost all the top coins are falling.
After a long bullish run in 2021, such a fall was inevitable. Most analysts have been predicting this impending fall as signs were all over. However, this doesn’t mean the bear run will last.
Crypto Market Volatility
If you have been in this market long enough, you should by now have gotten used to this type of volatility. It has become normal for the market to fall and rise by these margins. In other markets such as Forex, such kind of volatility would be alarming.
The volatility comes from the fact that cryptocurrencies remain largely unregulated and are still new in the market. However, volatility works in both ways. It is highly rewarding when the market moves in your direction and could be punishing if it goes against you.
Shiba Inu Price Fall Is Temporary
This fall Is leaving investors wondering whether the coin will recover. To answer this question, you need to understand the value of a financial asset value comes from its underlying fundamental elements.
In the long term, the asset offering more value always wins. In the last year, Shiba has been year striving to create more value by adding useful and competitive solutions to the market.
Some of these include the launching of Shiboshis Non-fungible tokens. They have also announced venturing into the gaming metaverse world.
These solutions have real-life usage and will be the supporting blocks for the coin going forward. This mutation is allowing the coin to drop the fun coin tag. Hence, the reason it is now among the largest currencies in the market.
Shiba Inu coins have always had high price fluctuations. A key example is the recent 500% price rise in a week. Hence, the reason why analysts believe the recent fall is temporary.
Buying the Shiba Inu Coin Dip
Lower prices provide an opportunity to buy more coins cheaply. They also act as a second chance for those investors who missed the initial rally.
In the market, you only lose if you sell. Hence, as long as you are holding your coins and have faith in your strategy, you will in the long term get profitable.
There have been reports of increased buying of coins by whales. This shows they are taking advantage of the low market prices to increase their holdings.
Hence, seize this moment to stock up your wallet. Shiba is down over 60% from its peak price. Supposedly you buy now and it gets back to those levels, you will have made over 100% in profits.
It is key to remember investment in cryptocurrencies requires adequate market knowledge and good risk management skills.
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