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Shiba Inu Price Prediction: Will SHIB Price Crash to 0?
- Shiba Inu (SHIB) has experienced a sudden dip in price due to unfavorable market conditions and diminishing buying activity.
- One of the factors influencing this downward trend is the escalating geopolitical tensions in the Middle East.
- Market sentiment for Shiba Inu (SHIB) is neutral, with the Fear & Greed Index showing a score of 37.
- Despite the recent sell-off, SHIB has demonstrated growth over the past year, increasing by 129%, outpacing Bitcoin, Ethereum, and 67% of the top 100 crypto assets.
- The token's high liquidity relative to its market cap reduces the chances of it collapsing to zero.
- However, SHIB is currently trading below the 200-day simple moving average (SMA), suggesting it is in a bearish trend and may face further selling pressure.
- Shiba Inu's negative yearly inflation rate and controlled token supply imply some stabilization of its price over time.
- Unless there are catastrophic market events or a complete loss of investor confidence, it is unlikely that Shiba Inu will see its price plummet to zero.
- However, investors should remain cautious as SHIB is likely to continue facing volatility in response to broader market dynamics and its overbought status.
- In conclusion, SHIB's future is uncertain and is dependent on several market factors, but a crash to zero seems unlikely at the moment.
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