What factors contribute to the fluctuation of Shiba Inu's price?

1 answers

• Dec 20, 2021 · 3 years ago
  As an expert from BYDFi, I can say that the trading volume and liquidity of Shiba Inu on different exchanges can also contribute to its price fluctuation. Higher trading volume and liquidity generally indicate a more active market and can lead to increased price volatility. It's important to choose a reliable and reputable exchange with sufficient liquidity when trading Shiba Inu to minimize the impact of price fluctuations caused by low liquidity or market manipulation. BYDFi provides a secure and transparent trading environment for Shiba Inu and other cryptocurrencies, ensuring fair market conditions for traders.
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