$SHIB not giving up as on-chain and market data suggests high recovery potential
is back in action, showing signs of revival, as reported by leading blockchain analytics platform Santiment. Notably, SHIB experienced a moderate 8% price increase over the weekend, reinvigorating interest among traders.
In October 2021, Shiba Inu reached its all-time high, achieving incredible popularity and investor interest. However, following its apex, the meme coin's market capitalization plummeted by a significant 90%, pushingThe new wave of meme tokens that started flooding the crypto market in May has played a role in this decline. These tokens offered higher volatility, attracting traders and investors seeking larger short-term gains.
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