Bitcoin investor Oscar Ramos has announced his plans to take advantage of the recent dip in Shiba Inu’s value in order to acquire more tokens at discounted prices. Over the weekend, Shiba Inu’s price dropped to the $0.000018 range, a significant decrease from its higher levels in the past month. On Saturday, the price hit a low of $0.00001853, down by over 25% from its intraday high of $0.00002492.
The decline in Shiba Inu’s price was largely influenced by Bitcoin’s retest of the $60,000 range, which had a negative impact on the overall cryptocurrency market due to global conflicts. Despite the drop, Shiba Inu is still trading at levels last seen two years ago, indicating its resilience.
Oscar Ramos, a prominent figure in the crypto community, sees this market dip as an opportunity to buy cryptocurrencies at low prices. He has revealed his intention to take advantage of the current situation, with Shiba Inu being his top choice. In addition to Shiba Inu, Ramos has also disclosed his plans to buy Bitcoin, XRP, Solana, CRO, BRETT, and JASMY.
Ramos’ confidence in Shiba Inu’s potential for a comeback is evident in his decision to invest in the cryptocurrency. Shiba Inu has already shown signs of recovery, with its price currently at $0.00002312, representing a 24.77% increase from its recent low.
Market analysts, including Maximilian on TradingView, believe that Shiba Inu could soon reclaim the $0.000031 price threshold following the recent bearish trend. The stability in Shiba Inu’s whale and shark holdings is one of the factors supporting this prediction. However, the recent decline in trading volume has raised some concerns.
Despite these challenges, supporters of Shiba Inu remain optimistic, believing that the cryptocurrency has the potential to surprise the market with a 300% rally in a single day, pushing its price beyond the $0.00003 mark.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.