Shiba Inu $SHIB Eyes Monthly Gain Despite 8% Price Loss
The token's failure to rally despite aggressive burn programs underscores investor preference for utility-driven projects over pure speculation plays.
What to know:
- Shiba Inu (SHIB) has experienced a rough week, dropping nearly 9% in value, but is still on track for a double-digit monthly gain.
- The memecoin sector, including SHIB, is facing volatility due to broader crypto market shifts and policy uncertainties.
- The token's failure to rally despite aggressive burn programs underscores investor preference for utility-driven projects over pure speculation plays.
