CandleFocus Shiba Inu (SHIB) Biggest Beneficiary of Rate Cut, Here's Why
2024-09-19
Author: Content Editor
Shiba Inu (SHIB) has experienced a price surge and increased trading volume following the U.S. Federal Reserve's interest rate cut. The token's price has risen by over 6% in 24 hours, reaching $0.000014, which is uncommon for SHIB. Trading volume has also increased by over 60% in the same period, indicating positive trader sentiment. Other metrics, such as daily active addresses, have also shown improvement. SHIB's recent success is due to its strong support from investors and the potential impact of ecosystem growth. Experts predict that if the bullish trend continues, SHIB could reach the $0.000015 range in the next week.
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