Crypto Voice News | Shiba Inu (SHIB) May End February with a Gain

Shiba Inu (SHIB) May End February with a Gain – If History Repeats
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The price of Shiba Inu (SHIB) is currently struggling to maintain a positive outlook, but history shows that the token has a good chance of finishing February on a high.

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Shiba Inu is trading at $0.00000907, down 1.87% in the last 24 hours. While the coins market value fell by an equal margin to $5,344,838,331, trading volume increased by 22% to $86,319,274.
Over the past week and month, Shiba Inu declines have led to a decline of 0.65% and 13.13% respectively. Despite this negative outlook for January, market data indicate that February will be better.
Shiba Inu in February: Historical Trends,
Data from Cryptorank suggests that brighter days may be ahead for the Shiba Inu in February, as it has not recorded any negative growth since the beginning of the month.
The digital currency emerged in the second half of 2020 and became well established with noticeable price increases a few months later.
In February 2021, Cryptorank data pegged SHIBs growth at 20.3%, and in February 2022, the token finished the month with 1.59% growth.
This price outlook puts February in line with October, with no negative consequences since the Shiba Inus introduction.
With an average growth rate of 10.9% for February, expectations remain that the Shiba Inu may eventually reverse its current 17% price decline next month.
SHIB Catalysts to Watch,
Although history technically has the possibility of repeating itself, it is currently very unclear whether the same will be true for the Shiba Inu. This requires extreme caution and a deeper understanding of the catalysts that can help trigger a positive outlook.
The community predicts that token burns powered by Shibarium will increase. This metric will complement broader sentiment in the market, marked by the presence of spot Bitcoin Exchange Traded Fund (ETF) products.
Overall, the Shiba Inu takes pride in being among a lively community. The next month could turn out positive for the token, although its volatility varies wildly.
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Disclaimer, The information provided in this video is not investment advice.
financial advice is not trading advice, it is for informational purposes only,
You should not consider any of the video content as investment advice.
Please seek advice from your financial advisor before making any investment decisions.

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