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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.

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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.

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