Shiba Inu’s rate has continued to fall and it has now dropped for 3 straight days, reaching a low of $0.00001271.This is the leastexpensive level because March 1st. It has crashed by practically 70% from its greatest point this year, carryingout evenworse than significant coins like Bitcoin and Ethereum.
Crypto Fear and Greed Index Hits Hard
The rate of Shib hasactually fallen due to increasing worry in the crypto market. The crypto worry and greed index has now dropped to 29, its leastexpensive level giventhat November last year. Several elements inside and outside the crypto world have contributed to this decrease. Bitcoin balances on exchanges haveactually increased as news about the German federalgovernment and Mt. Gox payments flowed.
Rise of Competition
One another factor for SHIB’s cost drop is weak principles. Recent information reveals that need for SHIB hasactually decreased. On lotsof days, its trading volume hasactually been exceeded by morerecent meme coins like Pepe and Dogwifhat. Today, Shiba Inu had a overall volume of $500 million, while Pepe and Dogwifhat had $1.3