Shiba Inu Price Still Down November 11, 2021

Lovata Andrean

Shiba Inu Price November 11, 2021 Still Down and the Right Time to Buy
Shiba Inu Price November 11, 2021 Still Down and the Right Time to Buy – Shiba Inu prices are still falling as of today, November 11, 2021, making this a good time to buy and Shiba Inu live price today at the time this article was written it was IDR 0,717179 with a 24 hour trading volume of IDR 61.410.094.000.592.

Shiba Inu prices in rupiah are updated in real time on Coinmarketcap. Shiba Inu prices still fell 7,97 percent in the previous 24 hours. Rating CoinMarketCap currently it is 11, with an instant market capitalization of IDR 393.799.579.271.783.

With 549.095.509.738.353 SHIB coins in circulation, Shiba Inu is far above its intended use, and is not yet fully accessible. The Shiba Inu cryptocurrency meme continued to experience high volatility during the week and lost $7,26 billion of its market value over time.

The correction in the value of the Shiba Inu coin has been triggered by various causes, but significant investor activity is likely the main driver of the decline. Volatility occurred early last week when significant investors executed four 10 trillion Shiba Inu transactions in four different wallets. At the time, a single deal was worth about $586 million. Shiba Inu Price November 11, 2021 Still Down

In particular, Shiba Inu has the potential to experience further correction considering that most of the cryptocurrency market rally is led by Bitcoin. Over the past few weeks, the token has seen a surge in capital inflows adding to its all-time high.

Furthermore, if inflows into the token come from other cryptocurrencies, then Shiba Inu may experience further outflows as investors seek to cash in on other rising assets. In summary, the current price movement of the Shiba Inu coin contrasts with last month's position which rose 300 percent.

At some point, Shiba Inu even beat Dogecoin and became one of the top 10 cryptocurrencies by market valuation, before eventually being pushed to 11th place behind Dogecoin.

However, Shiba Inu is still generating news despite the short-term correction, with more investors likely buying at new lows. Between October 10 and November 8 2021, the number of Shiba Inu carriers increased 31,1%, from 706.808 to 926.684.

Shiba Inu's rapid rise also stems from the social media conversion around the coin being quite active. It's no surprise Shiba Inu became one of the most quoted cryptocurrency memes internationally on Twitter in October and trended in the market crypto.

A token listing on a properly registered retail investment platform could potentially continue Shiba Inu gaining more exposure.

For example, currently, Shiba Inu lovers are pushing for the token to be listed on Robinhood. A petition to list Shiba Inu on Robinhood has received at least half a million signatures.

Reported by Purwokerto Portal from the latest edition of TechnicalRoundup, crypto trader DonAlt said that Shiba Inu's prolonged decline will inspire regular investors to look for crypto assets with good basic features.

As if to scare the average investor, Shiba Inu's violent collapse would prove that investments really need to shift from memes to genuine, real initiatives. Moreover, currently the Shiba Inu price is relatively simple and affordable, but has abundant supply, not at all a tempting option for the investment world.

Looking at Bitcoin (BTC), DonAlt discusses what he believes are the most likely possibilities for BTC in the next few months.

“I believe that counterfeiting, such as a breakout of more than $67.000, is possible. Bitcoin is currently trading at $67.098,” he said.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks