Shiba Inu Struggles Amid Regulatory Turmoil but Shows Signs of Recovery

As the crypto market continues to weather the storm caused by the SEC‘s recent actions against Binance and Coinbase, Shiba Inu’s price has fallen by 4% in the last 24 hours to $0.00000656. SHIB Price Movement! This current price signifies a 17% drop in the past week and a 25% decline over the last 30 days, indicating that the meme token is down 19% since the beginning of the year. However, today’s drop has seen SHIB’s 24-hour trading volume rise back to $100 million, creating a type of activity that could aid its recovery in the coming days. Signs indicate that the whales may have started purchasing SHIB at a lower price. It might not be long before it returns to growth, especially as the Layer-2 network, Shibarium, continues to make progress towards its launch. SHIB’s indicators continue to show weakness, which isn’t too surprising for an altcoin that has […] The post Shiba Inu Struggles Amid Regulatory Turmoil but Shows Signs of Recovery appeared first on COINTURK NEWS.