Were there any major news events that impacted the price of Shiba Inu in 2024?

2 answers

• NeymarXDJul 31, 2023 · 2 years ago
  Throughout 2024, Shiba Inu experienced significant price fluctuations due to various news events. One of the most impactful events occurred on November 20th when a major cryptocurrency exchange announced the addition of Shiba Inu to its trading platform. This news generated a lot of excitement among investors, resulting in a rapid increase in the price of Shiba Inu. Additionally, on February 5th, a regulatory crackdown on a different cryptocurrency led to a flight of capital towards Shiba Inu, causing its price to surge. These news events demonstrate the interconnectedness of the cryptocurrency market and how external factors can influence the price of specific coins like Shiba Inu.
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• Juicy CoutureOct 29, 2022 · 3 years ago
  In 2024, BYDFi observed several major news events that impacted the price of Shiba Inu. One of the most significant events occurred on May 12th when a high-profile hacking incident affected a major cryptocurrency exchange. This incident raised concerns about the security of digital assets, leading to a decline in investor confidence and a subsequent drop in the price of Shiba Inu. It's important to note that despite these short-term price fluctuations, Shiba Inu's long-term growth potential remained strong, and the project continued to attract a loyal community of supporters.
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