CandleFocus Why Is Shiba Inu Price Going Down?
2024-12-10
Author: Content Editor
The price of Shiba Inu (SHIB) has experienced a steep decline, along with Bitcoin and other altcoins. The recent announcement of Google's Willow quantum chip, which poses a theoretical challenge to traditional cryptographic systems like Bitcoin, has caused uncertainty in the market and led to sell-offs. The fear of potential vulnerabilities in blockchain security has impacted SHIB's price. In the short term, SHIB's price is expected to remain under pressure as investors adopt a risk-averse strategy. However, opportunities for rebound may arise if projects like Shiba Inu can demonstrate adaptability and align themselves with emerging quantum-resilient technologies.
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