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Shiba Inu: Negative Sentiments Rise; Trend Reversal Seems Likely

As the wait for the much-hyped Shiba Inu’s [SHIB] Shibarium launch continues, the market’s overall sentiment around SHIB seems to have taken a toll.

Santiment’s chart revealed that SHIB’s weighted sentiments shifted towards the negative side during the last two days, reflecting that the investors were hesitant to bet on SHIB. 

SHIB’s performance on the price front was in the sellers’ favor, as its daily and weekly charts were red. According to CoinMarketCap, SHIB was down by over 2% in the last 24 hours.

At the time of writing, it was trading at $0.00001098 with a market capitalization of more than $6 billion. While the price dropped, SHIB’s trading volume also registered a decline of 18% on 5 March. Thus, reflecting the dwindling interest of the community in the asset.

Shiba Inu Shiba Inu $0.00
+22.25%
Shiba Inu SHIB
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