One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.
What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
Shiba inu has been a pump and dump from day 1. Still they are at much higher price than most days.
It is a joke coin. They in reality sent 50% of total supply to vitalik buterin, humble of him, he donated 90% of his holding to relief program at a much lower price.
Than it was Elon Musks tweets that let it go rocketing. The team too worked a bit to launch a lousy defi, though they have a good rating, they have not much functions to make it useable. Personally, I think Shiba is going to be the next hyped dead coin.