Rising gold prices are bad news for Shiba Inu: Here’s why
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According to CoinWorld, gold and silver have soared to historic highs, indicating a possible rise in risk aversion. Against the backdrop of geopolitical tensions and economic uncertainty, investors are selling off risk assets such as Shiba Inu (SHIB). This meme coin has dropped 0.2% in the past 24 hours and has fallen nearly 58% since January 2025, with its market capitalization ranking dropping to 37th. Analysts believe that SHIB's recovery may take longer, until the overall economic situation improves.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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