SHIB Coin Price Declines, Offering a Buying Opportunity

If SHIB is the alpha you think it is, then the meme coin may have offered a buying opportunity . At press time, SHIB ’s price changed hands at $0.000031—a 9.10% decrease in the last 24 hours. For those uninitiated, pumpamentals is a combination of the words “pump” and “fundamentals”. It refers to a situation when a cryptocurrency’s features lead to a price jump. Despite the recent drawdown, AMBCrypto’s analysis revealed that SHIB might recover.

But what could be responsible for this decline? A closer look at the metric and price action revealed that there seems to be a correlation between them. As the user activity jumped, so did SHIB’s value. Also, when the addresses decreased, SHIB fell. Therefore, one can conclude that for the price to aim for the moon, significant activity has to return to the network. Irrespective of the current circumstances, crypto analyst Rekt Capital noted that the token might revisit its all-time high. Rekt mentioned this on the 8th of March. Should this be the case, then SHIB at $0.000031 seems like a cheap price to purchase the token

SHIB Meme Coin Buying Opportunity Price Decline User Activity Correlation All-Time High

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