Can Shiba Inu Deliver 1,000% In 2023? Experts Say No, Here’s What to Do Instead
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The current situation in Shiba Inu’s (SHIB) camp doesn’t hold too much promise for the remainder of 2023.
Crypto analysts have detected strong selling pressure while new investors are cautious of the token’s instability.
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Shiba Inu (SHIB) is currently priced at $0.000007185, a significant 15.11% drop from Shiba Inu’s (SHIB) price at the beginning of the month.
Crypto analysts expect Shiba Inu’s (SHIB) downtrend to continue throughout 2023, with current data suggesting high selling pressure.
This outlook is supported by the recent massive redistribution of 3.8 trillion Shiba Inu (SHIB) tokens.
Additionally, most of Shiba Inu’s (SHIB) holders are recording significant losses, while new investors are suspicious about Shiba Inu’s (SHIB) future.
Therefore, crypto experts consider it highly unlikely for Shiba Inu (SHIB) to deliver 1,000% by the end of 2023.
Shiba Inu’s (SHIB) data suggests an increased market indecision, leading bears to predict price dips well below the $0.000007 threshold, with an average 2023 price point of $0.000010349.
Conversely, Shiba Inu (SHIB) bulls predict sudden and significant surges in the following term based on increased whale activity and technological innovations in Shiba Inu’s (SHIB) ecosystem.
The recently introduced Shibarium mainnet has reached 20 million transactions, while new partnerships have expanded the token’s market reach and improved its real-life utility.
The addition of the Shibacals
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