Legendary chartist Peter Brandt recently responded to a question regarding Shiba Inus by asserting that he wouldn’t be concerned about missing a price breakout.
A Twitter user asked Peter Brandt to focus more on the well-known joke coin because they thought the token was about to have a significant price increase. But the chartist pointed out that those who chase breakouts typically give up because of fear of mission failure (FOMO).
A trader might suffer from such a behavior, according to Brandt. On the Binance platform, the SHIB coin is currently being traded for 0.000011 USD. The token has lost value after falling by about 0.27%.
Midway through August, the meme token saw a significant upswing, rising more than 42% in a single day on August 14. However, the uptick turned out to be a brief phenomenon, and by the end of the month, the cryptocurrency had completely reversed all of its gains.
SHIB also had a decline in September, falling by 6.53%.
On the other hand, Oct. 6’s worldwide release of the Shiba Eternity game is anticipated to be a significant bullish stimulus for the coin.
Additionally, Brandt recently polled his Twitter followers on their opinions about Bitcoin’s price movement. Over 41% of those surveyed think that Bitcoin will drop to $12,000 before a new bull market starts.
Nearly 20% of them think Bitcoin might fall as low as $8,000, which is Scott Minerd of the Guggenheim’s target price.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
This website uses cookies.