Shiba Inu price has lately been witnessing a volatile range of price action. The SHIB price is currently exploring the depths of some of the lowest price ranges, making it harder for SHIB to bounce back strategically. The Shiba Inu price is a mix of many things at the moment. There are good elements that are helping SHIB stay afloat at the current time, whereas certain bad elements are also at play, keeping the scales of market pace balanced and steady. What is the latest good and bad news that Shib holders should know of? Let’s find out.
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Bad News for SHIB Holders
Starting with the bad news first, Shiba Inu’s weak price performance and hype-based optimism could be lethal for SHIB holders. The token has not yet witnessed any strategic surge as of late, with the SHIB army building up hype scenarios to keep the momentum strong. Per the latest video update posted by Zach Humphries, a notable crypto expert, commented on how prolonged optimism without acknowledging the reality could take a toll on investors’ minds and financial decisions.
Humphries’ comment is related to a recent post made by Lucie, SHIB’s marketing lead, who shared on X how Shiba Inu will certainly make a strong comeback soon.
“I love the bout of confidence and the positivity and the optimism. I’m an eternal optimist when it comes to life, but I also don’t like when somebody just feeds you a bunch of stuff and doesn’t identify the issues. Like, you could still be an optimist but identify the major concerns and issues. Now, obviously, when people have a vested interest in something, they’re not allowed to say certain things. I can say whatever I want. I have an opinion and I can share it.” Humphries later shared.
Good News About SHIB
However, in a turn of events, SHIB on-chain metrics have earlier shown SHIB leaving exchanges, signaling an ongoing accumulation. This is mildly bullish for the asset, as whales and investors are continuing to show their interests in the token despite its current steep price fall dynamics.
In addition to this, Humphries, in his latest video, shared how he believes SHIB will make a comeback, but investors should be wary of the current market dynamics as well.
“And you know, when I look at articles like this, you know, SHIB will come back, and strong communities will carry on pushing back to the gains. Again, love the positivity, but I think sometimes we can get blinded by this positivity, too. And again, this is coming from somebody who’s very optimistic about the future.”
Also Read: $150 In Shiba Inu Is Still Worth $1.3 Million Today, Despite Crash
