Shiba Inu community members continue to express concerns because the project has maintained silence during recent periods of market decline. The marketing lead Lucie explained that unfavorable market conditions prevented the release of major announcements.
SHIB Team Avoids Announcements Due to Market Decline
Lucie from Shiba Inu’s marketing team explained on March 4 that the project would not introduce major updates at this time. She declared through an X post that the financial downturn is not suitable for pursuing announcements since market conditions will negatively affect them.
Since February the lead developer Shytoshi Kusama has chosen not to make any essential declarations about X. The team made its last substantial announcement through a partnership with the UAE Ministry of Energy and Infrastructure in early February. No new team updates have created uncertainty for investors regarding the future strategies of the team.
Focus on Building Connections During Market Slump
Identifying the present market reduction as a chance to make stronger industrial ties Lucie expressed. Speculation persists about new projects involving the team because of market changes although no formal statements were issued.
The Shiba Inu team continues to connect with their community base by addressing upcoming plans even though no major project developments have emerged. The market participants anticipate definitive breakthroughs that will drive long-term development for the project.
Crypto Market Decline and Its Effect on SHIB
The cryptocurrency market demonstrates extreme price instability which resulted in losses exceeding $1 billion in liquidations. Cryptocurrency news outlet found that new American tariffs imposed on Canadians and Mexicans caused the market decline because they raised international trade tensions. The market sent Bitcoin along with other altcoins into sharp retreat after Donald Trump proposed the crypto reserve plan.
The price of Shiba Inu declined by almost 10% in a single 24-hour period due to the general market sell-off. After reaching its minimum point at $0.00001228 the token exchanged at $0.00001281 due to market trends. Market participants show restraint from engaging in new trades since they expect ongoing price movement patterns.
Decline in SHIB Futures and Market Interest
The open interest in SHIB futures decreased by 22% to reach $117.78 million according to Coinglass records. During the analyzed period the derivatives trading volume decreased by 6% down to $156.66 million and 22% down to $117.78 million.
Market actors observe SHIB for any upcoming increases or decreases in its value. The community continues to stay uncertain because they need to understand the project’s direction better.
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