TL:DR;
Shiba Inu surged on Sunday but retraced hard on Monday, alongside the rest of the market.
However, certain analysts believe this could be the calm before the storm, and they even envision a new all-time high for the popular meme coin.
SHIB’s Monday Downfall
CryptoPotato reported yesterday the positive price developments around the second-biggest meme coin. At the time, SHIB was the top performer from the larger-cap alts, having surged by over 15% on a 24-hour scale. As a result, SHIB skyrocketed to its highest levels since March this year of over $0.000033.
However, the entire crypto landscape changed on Monday, with many assets plunging hard. Bitcoin, for example, dumped from over $98,000 to under $95,000 amid some potential profit taking from whales.
Shiba Inu’s