Jump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn

CoinDesk reported:

“We do not believe that it is indicative of a long-term bull run. Quite the opposite,” Guilhem Chaumont, CEO of crypto trading firm Flowdesk, said in a Telegram message. “There is a regular pattern of crypto market uptrends with first, bitcoin going through a bull run, then major altcoins pumping, and finally, tokens with small market caps.

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