Shiba Inu has become one of the most popular cryptocurrencies owned by Ethereum whales
The Shiba Inu price has been struggling quite aggressively for the past several months. Shiba Inu like the rest of the cryptocurrencies have been heavily plummeting due to the various macroeconomic factors, increased regulatory breakdown, and the aggressive moves by the US Federal Reserve to reduce the impact of inflation. Shiba Inu is a meme coin and is highly volatile. These meme coins tend to make remarkable gains during bull runs while also generating bad losses during bear markets. Today, experts are speculating that the Shiba Inu price is about to reach a strong support area soon as more and more ETH whales are joining the SHIB cult. Lately, a large number of Ethereum holders are actively buying, holding, and trading the popular meme coin Shiba Inu. Now, Shiba Inu has emerged as one of the largest non-Ethereum holdings among crypto whales.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...