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SHIB Gains 5%. Will Shiba Inu See Sustained Gains This Month?

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By Stanislav Shishkin
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SHIB Gains 5%. Will Shiba Inu See Sustained Gains This Month?

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Stanislav Shishkin
Stanislav Shishkinhttps://cryptoapa.com/
Stanislav is one of the lead copywriters on cryptoapa.com and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Stanislav at cryptoapa.com

SHIB gained 5% in 24 hours. This continues gains from yesterday.

The gains follow an announcement by Binance. The exchange now allows SHIB as collateral for loans.

Since its 2021 high, SHIB has trended down overall. Prices have formed lower highs over time. The 78% surge in early 2023 was a new lower high.

It’s unclear if SHIB will sustain gains. Prices may stabilize with broader markets. Recent volatility highlights cryptocurrency risk.

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