News

Peter Brandt Is Unconcerned About Missing Opportunities Breakthrough Shiba Inu

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.

Peter Brandt Is Unconcerned About Missing Opportunities Breakthrough Shiba Inu

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.

Might Bitcoin fall to $8,000? – Peter Brandt

Peter Brandt Is Unconcerned About Missing Opportunities Breakthrough Shiba Inu

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

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

14 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

2 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

3 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.