Shiba Inu: Why a Rate Cut is SHIB's Only Chance to Hit $0.00003
Shiba Inu (SHIB) last traded above the $0.00003 mark in December of last year. The popular cryptocurrency has faced a gradual price decline over the last 10 months. SHIB’s lackluster performance has caused much worry among investors and fans. There is a possibility that Shiba Inu (SHIB) will recover some of its losses if the Federal Reserve rolls out its interest rate cuts later this month. Let’s discuss why it could be the only way for SHIB to reclaim the $0.00003 price level in 2025. Why An Interest Rate Cut is Shiba Inu’s Only Chance of Hitting $0.00003 in 2025 Source: Watcher.Guru Inflation in the US has cooled for the month of August. The falling inflation figures have further boosted the chances of an interest rate cut in September. According to the CME FedWatch tool, there is a 92% of a 25 basis point interest rate cut in September and an 8% chance of a 50 basis point rate cut. Rate cuts often lead to investors taking on more risks as borrowing becomes easier. S...