2 Reasons Why Shiba Inu Is Crashing
Shiba Inu (CRYPTO: SHIB) investors are reeling as the high-flying token reverses many of its October gains. The crypto market is notoriously volatile and hard to predict. But Shiba Inu has weak fundamentals, and this may be the beginning of a bear market for the asset.
Let's explore two reasons why Shiba Inu's crash could be just getting started.
Shiba Inu prices are now down around 30% from an all-time high of $0.000088 reached late October. The correction comes amid fears that those with large holdings (dubbed whales) will take profits. This is a major threat because Shiba Inu depends on the greater fool theory, which suggests most people buy it to sell it to others for more in the future. If the whales start offloading, a sharp dip could break the greater fool assumption for new investors, leading to a chain reaction of selling.
Source Fool.com
