Shiba Inu (SHIB) has once again attracted attention following a price increase, but the drop in trading volume suggests potential challenges for long-term investors.
SHIB Price Dynamics
SHIB's price rose by 3.12%, reaching $0.00001407. While this offers short-term gains, long-term investors express concern over sustainability.
Declining Trading Volume
Despite the price increase, SHIB's trading volume dropped by 33.84%, totaling $216.78 million. Its market cap remains at $8.29 billion, but a trend of cautious optimism prevails.
Opportunities for New Projects
Many crypto investors are turning their attention to new projects like Remittix (RTX), which aims to provide borderless crypto payments across more than 30 countries, having raised over $17.3 million during its presale.
While SHIB continues to be a popular cryptocurrency, its prospects seem to lack long-term value. New projects like Remittix may offer more sustainable solutions for crypto investors.
