Can it go on? The Wall Street Memes Token is also booming

Can it go on? The Wall Street Memes Token is also booming
Shiba Inu (Shib) rose by 11 % last week, with the token recorded five interest bullies in a row.
Shib no such heat stroke since the beginning of March - and Meme Coin enthusiasts are now discussing what is behind the climb and whether it can be sustainable.
Otherwise news, my Meme colleague Coin The Wall Street Memes (WSM) project continues to inspire the investment community during its advance booking and collects over $ 8.7 million in early financing.
Shiba Inu shows outstanding performance and ensures an upward trend
At the time of the writing of this article, Shib $ 0.00000718, after a surprising upward trend was recorded, the long-term owner pleased.
Before this increase, Shib was in a continuing downward trend and was traded on deep stalls that had not existed since September 2021.
A clear rejection of the main support zone by $ 0.0000060 has led to an increase in upward dynamics-and investors now hope that this dynamic can stop.
According to CoinmarketCap, Shib was traded in the last 24 hours worth over $ 100 million, which makes it the 24th most active cryptocurrency on the market.
In addition, the number of shop stocks of private investors has gradually increased again, which indicates a new interest of those who had previously been marginalized.
Shib anents driven by positive market forces
There seems to be no direct news about Shiba Inus recent climbing Coin instead it benefits from another optimism on the broader cryptom market.
A possible reason for this renewed optimism is the decision of the Fed to suspend interest rate increases for the first time since March 2022 - which indicates that interest may not have to rise even higher.
This is positive news for crypto dealers because it offers scope for interest rate cuts before the end of the year. When interest rates are falling, “risky” assets (such as Shib) become more attractive for investors.
Another possible reason for the increase in Shiba Inu is the significant increase in the Shib burning rate.