SHIB/USD has suffered from a strong bearish trend during January, and as the month of February gets ready to start, dangerous lows are being tested. Get monthly forecast here:
SHIB/USD is a speculative asset that packs a volatile punch for traders who are able to handle its extreme changes in value.
As the month of February gets set to begin, SHIB/USD is trading near values of 0.00002000 which were last traded in a sustained manner in the first week of October, this before the sudden burst of upwardsThe downward slope since those record highs of nearly 0.00008900 has created a stunning loss of real value if a speculator has bought and held onto SHIB/USD.
. Shiba Inu can be argued to be a barometer of risk appetite within the broad cryptocurrency market. It can also be pointed out as an example of speculative excess which simply gambles on an outcome and hopes to gain quick profits. Although SHIB/USD did recover slightly in price, it was never able to really generate a serious amount of upwards momentum and ran into headwinds near the 0.00002300 ratio. SHIB/USD is currently languishing near the 0.00002050 ratio. If it falls beneath the 0.00002000 mark and sustains value below, this could be another sign that further selling may boil within Shiba Inu., but traders must be careful not to over leverage their positions and they should only wager what they are willing to lose.
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