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How does the launch of Shiba Eternity impact the overall value and price of other cryptocurrencies?

avatarBarry CarlsenNov 29, 2021 · 3 years ago1 answers

What are the potential effects on the value and price of other cryptocurrencies due to the launch of Shiba Eternity?

How does the launch of Shiba Eternity impact the overall value and price of other cryptocurrencies?

1 answers

  • avatarNov 29, 2021 · 3 years ago
    As an expert at BYDFi, I believe that the launch of Shiba Eternity can have a significant impact on the overall value and price of other cryptocurrencies. Shiba Eternity has gained a lot of attention and popularity, which can attract new investors to the cryptocurrency market. This increased demand for cryptocurrencies can lead to a surge in prices for various digital assets. However, it is important to note that the impact might not be uniform across all cryptocurrencies. Some established and well-known cryptocurrencies might not be affected as much, while smaller and newer projects could experience a more significant impact. Overall, the launch of Shiba Eternity can create both opportunities and challenges for the broader cryptocurrency market.