Shiba Inu Coin Down 50% From November: Time To Buy The Dip And Ride Till $1?

Shiba Inu has been the talk of the cryptocurrency world. The ‘dogecoin killer’ coin has produced many millionaires in the past few months, all thanks to it’s massive price rally.

However, it seems like Shiba Inu has come in bear territory now as it is down 50% from it’s November highs. The Shib community on Twitter and Reddit, however, remains optimistic about the cryptocurrency and is still ‘hodling’ their way to $1. Be informed that the immediate goal of the Shib Army is to ‘hodl’ the coin until it hits the 1 dollar mark!

Why To Buy The Shiba Inu Dip?

At the time of writing this article, Shib is trading at $0.000038. On the 1st of November, Shiba Inu was exchanging hands at $0.000071. So what has caused the fall in price of Shiba Inu and is this the right time to buy the dip?

Just two days ago, Shiba saw a 27% rise in its price due to two positive news catalysts. Also, a Canadian healthcare company has announced that it would accept Shiba Inu as a payment now.

There are also rumors floating all over social media that the famous discount trading platform Robinhood is going to list Shiba Inu coin on their exchange that will allow a major segment of retail traders to buy and sell Shiba Inu. If this happens, the price of $SHIB is certainly bound to retest it’s November highs.

SHIB Vs Overall Crypto Market

Given the overall performance of the crypto market in December [which has been highly volatile], SHIB fares better than many other meme-coins.

It seems like the SHIB token is currently available at a massive discount and for those missed out on the rally for the first time, it is the ideal opportunity to load up some quantity on this dip.

P.S: This is not financial advise. Cryptocurrency market is highly volatile and one must conduct their own research before investing.

Shaheer is passionate about living a life seeking un-ending knowledge, philomath, as you may think of him. He's a student of Finance and a keen observer of Business and Indian-Political scenario who takes pleasure to pen down his views and opinions on the same. As his guiding mantra to life, ‘Come what may , life goes on’ helps.

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