Shiba Inu (SHIB) Stumbled Upon 262 Trillion Resistance
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Shiba Inu (SHIB), a popular meme cryptocurrency, recently hit a significant resistance level that is preventing the token's price from rising further. Approximately 260 trillion tokens are distributed in the price range of $0.00001 to $0.000014, making it difficult for the asset to break through this barrier without substantial inflows.
Interestingly, a key group of investors that could potentially drive the token's price upward — small retail investors with high risk tolerance — are currently not considering Shiba Inu as a meme token and are instead focusing on smaller cap altcoins.
This lack of interest from retail investors may be a consequence of Shiba Inu's increased popularity and market capitalization. As the token has grown in value and gained mainstream attention, it may no longer be considered a niche or high-risk investment by these risk-seeking investors. Instead, they may be searching for lesser-known altcoins with the potential for explosive growth, in the hopes of discovering the next big thing in the cryptocurrency market.
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