Cryptocurrency prices are stalling on their recovery path and so is Shiba Inu. The crypto prices have been slaughtered due to various changes in the economic and financial markets.
And since the crypto market is uncannily following the global stock market, any financial and economic upheaval in the global markets is drastically affecting the price movements of the cryptos.
To make matters worse, investors are gradually drawing out from the market and moving towards more traditional and centralized forms of assets.
Shiba Inu became a popular option for investment among Ethereum whales when the crypto market crashed massively at the beginning of 2022.
But even after SHIB’s popularity in 2021, the crypto did not acquire the support of analysts and experts, who generally prefer investing in other major cryptos which are not created out of memes.
The development of SHIB remained stagnant for quite some time until the market denied the fact that there would be any developments for the network.
But finally, SHIB developers have come through to fulfill investor expectations and now we might witness some growth and development in its market stature.
The Shiba Inu price continued to trend lower as trading activity on the network, and in the crypto market as a whole, had significantly declined.
The decline in Shiba Inu’s price momentum has considerably wiped out investors’ trust in the investment and experts claimed that things are not looking good for the meme coin.
But it seems like not all hopes are lost! Recently, SHIB’s lead developer Shytoshi Kusama tweeted that the long-awaited Shibarium may be soon coming!
The SHIB community has been eagerly awaiting the launch of Shibarium because of the number of benefits that it will provide, especially for the number of profits that investors can make.