The cryptocurrency market has faced a significant correction. Bitcoin (BTC) has fallen to the $94,000 level. The global market cap has dipped 11.1% in the last 24 hours to $3.19 trillion. Shiba Inu (SHIB) follows the market trajectory, facing a massive price drop in the last few days.
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Crypto In The Red Zone
SHIB’s price is down 19.3% in the daily charts, 21.1% in the weekly charts, 33.7% in the 14-day charts, and 42.4% over the previous month. Despite the dip, the dog-themed crypto is up 56.4% since January 2024.
The correction is likely due to US President Donald Trump’s latest set of tariffs. Investors are likely weary of risky investments.
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Become A Shiba Inu Millionaire For Just $14
Due to the latest price dip, you can now purchase 1 million SHIB tokens for just $14. The dip could present an excellent opportunity for investors to increase their holdings and decrease their average buying cost. The low prices also present a good opportunity for new investors to buy SHIB.
SHIB has struggled to gain momentum over the last few years. The asset breached the $0.000036 mark in March 2024 but has failed to regain the price point again.
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Despite SHIB’s lackluster performance over the last few years, the project continues to boast a loyal fanbase. Shiba Inu lead developer Shytoshi Kusama announced a new partnership for the SHIB ecosystem. The move could potentially lead to a price rally for the cryptocurrency.
The crypto market may gain momentum over thenext few months as the Trump administration announces more bullish developments for the industry. President Trump is quite bullish on crypto and wants the industry to thrive in the US. SHIB could experience a rally due to crypto-positive developments in the US.
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