The greatest war is the war of perception. And, Shiba Inu seems to have won it, at least for the moment. Notably, SHIB has appreciated 1000x over the last year. However, the meme token hasn’t seen a lot of smooth sailing, especially of late.
After the Ukraine-Russia conflict broke out, SHIB tumbled down the charts. Even so, it’s intriguing to note that SHIB’s move south looked less affected when compared to the general market.
Now, Shiberse could be one of the reasons. On 25 February, Shiba Inu announced the launch of 99,000 digital plots of land in its metaverse. This excited many in the Shiba Inu community, bringing a ray of hope amid the market downturn.
What’s in it for ambitious traders?
For some traders, it’s nothing less than a gamble to ‘buy the dip.’ Alas, a huge chunk of retail traders has been sharing the same sentiment. Well, the near-term price trajectory of SHIB has to be the reason behind it. At the time of writing, the meme coin was changing hands at $0.00002405, down by 1.07% over the last day. Currently, traders who bought the dip in late January and decided to HODL might find themselves at war with their intuition. Read full click here
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