$SHIB gets closer to the top as the price rebounds
According to data from TradingView, Shiba Inu's price has increased by 22% and reached $0.00002839 for the first time since Jan. 13. The sudden price increase was most likely the result of the global cryptocurrency and financial market recovery taking place after a strong correction.
SHIB has not been showing any positive market movements recently due to the absence of buying power from retail traders and a large concentration of the supply in the hands of mid-term holders who are constantly taking profits even after the slightest recovery.While SHIB's performance left the majority of traders in losses, the team behind the token was focused on building the fundamental value of the token by launching numerous use cases in January.
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