Ethereum's Surge May Propel Shiba Inu Coin! Latest Analysis Here
Recently, Ethereum has been rising sharply, which may lead to a significant increase in Shiba Inu Coin as well.
The reason is quite simple: Shiba Inu Coin is based on Ethereum tokens, so when Ethereum rises, related coins often move as well. Additionally, Ethereum has just completed the Pectra upgrade, and ETF funds are continuously flowing in, causing the entire ecosystem to rise, and Shiba Inu Coin will naturally benefit from this.
Moreover, the relationship between Shiba Inu Coin and Ethereum has always been quite close. When Shiba Inu Coin was first launched, the team gave half of the tokens to Ethereum founder Vitalik Buterin, who then destroyed 90% of them and donated the remainder to charity. This action caused the price of Shiba Inu Coin to surge at that time. Now that Ethereum is soaring again, Shiba Inu Coin might experience a similar trend.
Another key factor is that the Federal Reserve may start to inject a lot of liquidity. Recently, the US CPI data came in lower than expected, and the market generally believes that interest rates will be lowered soon. Once the cost of capital decreases, investors will be more willing to speculate on high-risk assets. As a typical meme coin, Shiba Inu Coin is definitely a representative of high risk and high volatility. If market sentiment improves and funds pour in, Shiba Inu Coin is likely to see a significant rebound.
Of course, in the cryptocurrency world, no one can predict anything with certainty; price fluctuations are the norm. However, given the current situation, Ethereum's strength may indeed present opportunities for Shiba Inu Coin. Whether it can truly take off will depend on how the market moves in the future.
There is a certain delay in posting on the platform, so reach out to me immediately when you see the post for entry points! My knife is faster than the dog’s! Follow me, and I will teach you how to cut back against the market!
