Crypto
Shiba Inu Sees Strong Q3 but Faces Downward Pressure
Shiba Inu has recorded its most bullish third quarter in history, according to U.Today. However, despite this strong quarterly record, SHIB is currently down 8.1% today.
The sharp one-day pullback contrasts with the recent bullish trend, and traders are weighing their options as they consider a potential breakout or a trend reversal.
Shiba Inu launched in August 2020 as a dog-themed token on Ethereum, inspired by Dogecoin. It has since added its own layer-2 network, Shibarium, and a burn program to reduce supply.