If Shiba Inu moves downwards again, we'll see a complete nullification of this year's growth
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Conversely, reaching this critical point could also spark interest among new investors and traders looking for a bargain entry point. This scenario hinges on the"buy the dip" mentality, a common strategy where market participants purchase assets they deem undervalued during a downturn. If SHIB's vibrant community rallies and the project can present new developments or partnerships, it might create enough momentum for a price rebound.
The concept of 'ultrasound money,' which hinges on Ethereum becoming deflationary through burning transaction fees, seems a distant dream in the current landscape. With both the DeFi and NFT sectors in a lull, the transaction fees on the Ethereum network, which are used for burning ETH, have decreased. This reduction undermines the deflationary aspect, further dampening investor enthusiasm.) is eyeing a significant threshold, drawing ever closer to the $0.5 mark.
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