Shiba Inu finally saw uptick, but drawdown fears linger
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The CoinMarketCap data shows trading volume is down by 15.59% to $313,581,884. This downturn shows that the mild uptick is not backed by active trading boom, a trend that must change for sustained price action. With more than 9.4 trillion committed in SHIB open interest, proponents are projecting a sustained rally for the token in the long term.The sentiment in the broader crypto industry hit a new low in the past week as most assets faced bearish consolidation. Amid this, members of the Shiba Inu ecosystem remain hyped about the network, considering product lineup in its road map.for the ecosystem from lead developer Shytoshi Kusama, the expectation of big utility adoption remains high for the token.
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