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🌻🚀Shiba Inu Price Prediction: SHIB Burn Rate Goes Center Stage As Traders Rush To Buy Dogecoin20 Before It’s Too Late💥🎉
The Shiba Inu price rose by a fraction of a percentage in the last 24 hours to trade at $0.00002716 as of 11:37 p.m. EST on trading volume that dropped 22% to $522 million.
This comes as reports show that over 15 billion SHIB tokens were burned in March alone, which led to a 2,330% surge in the burn rate. The extensive burning of tokens to reduce supply continues to propel SHIB, which has soared 182% in the past three months.
The Shiba Inu price has remained at a consolidation level since December of last year, trading within the $0.000010 range. However, in March, it appears that the SHIB bulls may have gained the upper hand in the struggle for dominance, propelling the price up to $0.00004581.
Despite bullish momentum, the bulls couldn’t sustain their upward stance. The bears took control of the price, pushing it down to around the $0.000023 support level. These price fluctuations within this range led SHIB to trade within the boundaries of a symmetrical triangle, with the aim of breaking out above.
SHIB is now sitting below $0.000028, which was an important support level for the coin. However, bears have been able to turn this price point into resistance, which makes it the level to beat for the meme coin in the future.
SHIB trades below both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bearish action below the $0.000030 level.
Additionally, the Relative Strength Index (RSI) is rebounding towards the 50-midline level at 47, which indicates that traders are buying. If the bulls sustain the momentum, SHIB’s RSI could cross over to the 70-overbought region, signaling intense buying pressure.
#Shibarmy #Anilsingta #Crypto
The Shiba Inu price rose by a fraction of a percentage in the last 24 hours to trade at $0.00002716 as of 11:37 p.m. EST on trading volume that dropped 22% to $522 million.
This comes as reports show that over 15 billion SHIB tokens were burned in March alone, which led to a 2,330% surge in the burn rate. The extensive burning of tokens to reduce supply continues to propel SHIB, which has soared 182% in the past three months.
The Shiba Inu price has remained at a consolidation level since December of last year, trading within the $0.000010 range. However, in March, it appears that the SHIB bulls may have gained the upper hand in the struggle for dominance, propelling the price up to $0.00004581.
Despite bullish momentum, the bulls couldn’t sustain their upward stance. The bears took control of the price, pushing it down to around the $0.000023 support level. These price fluctuations within this range led SHIB to trade within the boundaries of a symmetrical triangle, with the aim of breaking out above.
SHIB is now sitting below $0.000028, which was an important support level for the coin. However, bears have been able to turn this price point into resistance, which makes it the level to beat for the meme coin in the future.
SHIB trades below both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bearish action below the $0.000030 level.
Additionally, the Relative Strength Index (RSI) is rebounding towards the 50-midline level at 47, which indicates that traders are buying. If the bulls sustain the momentum, SHIB’s RSI could cross over to the 70-overbought region, signaling intense buying pressure.
#Shibarmy #Anilsingta #Crypto
🌻🚀Shiba Inu Price Prediction: SHIB Burn Rate Goes Center Stage As Traders Rush To Buy Dogecoin20 Before It’s Too Late💥🎉
The Shiba Inu price rose by a fraction of a percentage in the last 24 hours to trade at $0.00002716 as of 11:37 p.m. EST on trading volume that dropped 22% to $522 million.
This comes as reports show that over 15 billion SHIB tokens were burned in March alone, which led to a 2,330% surge in the burn rate. The extensive burning of tokens to reduce supply continues to propel SHIB, which has soared 182% in the past three months.
The Shiba Inu price has remained at a consolidation level since December of last year, trading within the $0.000010 range. However, in March, it appears that the SHIB bulls may have gained the upper hand in the struggle for dominance, propelling the price up to $0.00004581.
Despite bullish momentum, the bulls couldn’t sustain their upward stance. The bears took control of the price, pushing it down to around the $0.000023 support level. These price fluctuations within this range led SHIB to trade within the boundaries of a symmetrical triangle, with the aim of breaking out above.
SHIB is now sitting below $0.000028, which was an important support level for the coin. However, bears have been able to turn this price point into resistance, which makes it the level to beat for the meme coin in the future.
SHIB trades below both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bearish action below the $0.000030 level.
Additionally, the Relative Strength Index (RSI) is rebounding towards the 50-midline level at 47, which indicates that traders are buying. If the bulls sustain the momentum, SHIB’s RSI could cross over to the 70-overbought region, signaling intense buying pressure.
#Shibarmy #Anilsingta #Crypto
The Shiba Inu price rose by a fraction of a percentage in the last 24 hours to trade at $0.00002716 as of 11:37 p.m. EST on trading volume that dropped 22% to $522 million.
This comes as reports show that over 15 billion SHIB tokens were burned in March alone, which led to a 2,330% surge in the burn rate. The extensive burning of tokens to reduce supply continues to propel SHIB, which has soared 182% in the past three months.
The Shiba Inu price has remained at a consolidation level since December of last year, trading within the $0.000010 range. However, in March, it appears that the SHIB bulls may have gained the upper hand in the struggle for dominance, propelling the price up to $0.00004581.
Despite bullish momentum, the bulls couldn’t sustain their upward stance. The bears took control of the price, pushing it down to around the $0.000023 support level. These price fluctuations within this range led SHIB to trade within the boundaries of a symmetrical triangle, with the aim of breaking out above.
SHIB is now sitting below $0.000028, which was an important support level for the coin. However, bears have been able to turn this price point into resistance, which makes it the level to beat for the meme coin in the future.
SHIB trades below both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bearish action below the $0.000030 level.
Additionally, the Relative Strength Index (RSI) is rebounding towards the 50-midline level at 47, which indicates that traders are buying. If the bulls sustain the momentum, SHIB’s RSI could cross over to the 70-overbought region, signaling intense buying pressure.
#Shibarmy #Anilsingta #Crypto
The team behind Shiba Inu (SHIB) has applied for a Domain Name System-based ".shib" domain. If approved, SHIB holders would be able to create email addresses with the ".shib" suffix attached.
#ShibaInu #SHIB #Shibarmy
#ShibaInu #SHIB #Shibarmy
Shiba Inu: The destruction rate surges by 4200%, will SHIB delete a zero now?
Shiba Inu (SHIB) has seen a significant increase in its destruction rate. According to data from Shibburn, 86,015,940 (86 million) SHIB tokens were burned in the past 24 hours, increasing the burning rate by 4200.80%. One transaction in particular destroyed most of the tokens, sending more than 85 million SHIB to a “death wallet.”
However, despite the surge in burn rate, the price of Shiba Inu (SHIB) continues to struggle. The popular meme coin faced a 2.5% correction on the daily chart and fell 3.6% on the weekly chart. Furthermore, the price of SHIB has fallen by more than 27% since February 2023.
Nonetheless, the asset is up 4.2% on the 14-day chart and 4.8% over the last month.
SHIB has been working to remove a zero it obtained last December. The price resistance level at $0.00001 proved to be a difficult price point to overcome.
Will Shiba Inu (SHIB) drop a zero in the near future?
According to CoinCodex, SHIB is likely to drop a zero by February 28, 2024, reaching a price of $0.00001025, an increase of approximately 8.4% from current levels. However, the platform does not expect the price of SHIB to hold and is expected to fall below $0.000009 by March 1, 2024.
On the other hand, Changelly expects Shiba Inu (SHIB) to delete a zero this week, reaching a price of $0.00001006 by February 24, 2024, which would represent a rise of approximately 6.3% from current levels. However, Changelly also predicts that SHIB’s price will fall below $0.000009 by March 1, 2024. The platform expects the popular dog-themed cryptocurrency to reach a peak price of $0.0000159984 this year.
However, we may see a rise in Shiba Inu (SHIB) in the second quarter of this year, driven by the Bitcoin (BTC) halving and the possible emergence of a spot Ethereum (ETH) ETF (exchange-traded fund).
#SHIB #Write2Earn #Shibarmy #PriceProjections #ShibaInuEcosystem
Shiba Inu (SHIB) has seen a significant increase in its destruction rate. According to data from Shibburn, 86,015,940 (86 million) SHIB tokens were burned in the past 24 hours, increasing the burning rate by 4200.80%. One transaction in particular destroyed most of the tokens, sending more than 85 million SHIB to a “death wallet.”
However, despite the surge in burn rate, the price of Shiba Inu (SHIB) continues to struggle. The popular meme coin faced a 2.5% correction on the daily chart and fell 3.6% on the weekly chart. Furthermore, the price of SHIB has fallen by more than 27% since February 2023.
Nonetheless, the asset is up 4.2% on the 14-day chart and 4.8% over the last month.
SHIB has been working to remove a zero it obtained last December. The price resistance level at $0.00001 proved to be a difficult price point to overcome.
Will Shiba Inu (SHIB) drop a zero in the near future?
According to CoinCodex, SHIB is likely to drop a zero by February 28, 2024, reaching a price of $0.00001025, an increase of approximately 8.4% from current levels. However, the platform does not expect the price of SHIB to hold and is expected to fall below $0.000009 by March 1, 2024.
On the other hand, Changelly expects Shiba Inu (SHIB) to delete a zero this week, reaching a price of $0.00001006 by February 24, 2024, which would represent a rise of approximately 6.3% from current levels. However, Changelly also predicts that SHIB’s price will fall below $0.000009 by March 1, 2024. The platform expects the popular dog-themed cryptocurrency to reach a peak price of $0.0000159984 this year.
However, we may see a rise in Shiba Inu (SHIB) in the second quarter of this year, driven by the Bitcoin (BTC) halving and the possible emergence of a spot Ethereum (ETH) ETF (exchange-traded fund).
#SHIB #Write2Earn #Shibarmy #PriceProjections #ShibaInuEcosystem
$$Shiba Inu expected to hit 50 cents: When is this?
The value of SHIB, the second-largest dog-themed cryptocurrency, showed little fluctuation and remained relatively unchanged, still retaining its sixth decimal place.
Currently at the time of writing, Shiba Inu is worth $0.00000946, which shows very little movement over the past few hours of trading. Despite this stability, the asset experienced modest gains of 2.5% last week.
Pursuing an ambitious goal of 50 cents
Many investors are wondering whether SHIB can reach a price of 50 cents. Reaching such an important milestone will require significant support from investors and a careful balance between current supply and market demand to drive its value upward.
According to different estimates, SHIB may break the $0.01 threshold and continue its upward trend between 2030 and 2040. As the 1-cent dream spreads through the ecosystem, the community keeps moving forward.
Estimates based on this milestone suggest that Shiba Inu may be on track to reach the 50-cent mark by 2050. But that ambitious target is still nearly three decades away, underscoring the long-term nature of such predictions.
Volatility and Risk Considerations
Despite these projections, there is no guarantee that SHIB will actually reach its 50-cent target by 2050. The cryptocurrency market is known for its volatility, which can lead to huge losses for investors. Therefore, people must conduct thorough research before considering whether to invest in SHIB at this time.
In order to reach a value of $0.50, Shiba Inu will need its market value to grow significantly.
While grandiose forecasts can give a possible direction for the future, investors must approach these forecasts with caution and be aware of the inherent risks associated with cryptocurrency investing.
#Shiba
For more analysis, pay attention to the universe, and share free daily spot passwords and bull market strategy layouts at the top of the list!
#Write2Earn #Shibarmy #Shibanews #CryptocurrencyPotential #cryptonews
The value of SHIB, the second-largest dog-themed cryptocurrency, showed little fluctuation and remained relatively unchanged, still retaining its sixth decimal place.
Currently at the time of writing, Shiba Inu is worth $0.00000946, which shows very little movement over the past few hours of trading. Despite this stability, the asset experienced modest gains of 2.5% last week.
Pursuing an ambitious goal of 50 cents
Many investors are wondering whether SHIB can reach a price of 50 cents. Reaching such an important milestone will require significant support from investors and a careful balance between current supply and market demand to drive its value upward.
According to different estimates, SHIB may break the $0.01 threshold and continue its upward trend between 2030 and 2040. As the 1-cent dream spreads through the ecosystem, the community keeps moving forward.
Estimates based on this milestone suggest that Shiba Inu may be on track to reach the 50-cent mark by 2050. But that ambitious target is still nearly three decades away, underscoring the long-term nature of such predictions.
Volatility and Risk Considerations
Despite these projections, there is no guarantee that SHIB will actually reach its 50-cent target by 2050. The cryptocurrency market is known for its volatility, which can lead to huge losses for investors. Therefore, people must conduct thorough research before considering whether to invest in SHIB at this time.
In order to reach a value of $0.50, Shiba Inu will need its market value to grow significantly.
While grandiose forecasts can give a possible direction for the future, investors must approach these forecasts with caution and be aware of the inherent risks associated with cryptocurrency investing.
#Shiba
For more analysis, pay attention to the universe, and share free daily spot passwords and bull market strategy layouts at the top of the list!
#Write2Earn #Shibarmy #Shibanews #CryptocurrencyPotential #cryptonews
#SHIB vs #ton : The Battle for the 15th Spot in Market Cap
The cryptocurrency market is a dynamic landscape & the race for the top spots is always on. Two contenders vying for the coveted 15th position in market cap are Shiba Inu (SHIB), the meme coin with a loyal army of supporters, & Toncoin (TON), the native token of the Telegram-backed blockchain platform.
SHIB:
- Meme coin darling: SHIB burst onto the scene in 2021, driven by hype & community enthusiasm. Its association with Dogecoin (#Doge🦊 ) & its playful Shiba Inu mascot fueled its meteoric rise.
- Massive community: SHIB boasts a dedicated & passionate community, often referred to as the "#Shibarmy ." This strong community support has been instrumental in driving its price & popularity.
- Limited utility: While SHIB has seen some development efforts, its primary use case remains speculative trading. Its integration into payment platforms & other real-world applications is still in its early stages.
TON:
- Telegram backing: TON is the native token of the Telegram Open Network, a blockchain platform developed by the messaging giant Telegram. This association with a well-established & influential player in the tech world gives TON a significant advantage.
- Scalable & secure: TON's blockchain technology boasts high transaction speeds & low fees, making it a potentially attractive platform for decentralized applications (dApps).
- Early stage: TON is still in its early stages of development, with its ecosystem & #dApps still under construction. However, its potential & Telegram's backing have attracted significant interest from developers & investors.
The Battle for 15th:
1. Market Cap (as of Dec 16, 2023):
- SHIB: 15th place, $5.5 billion
- TON: 16th place, $5.3 billion
2. Recent Performance:
- SHIB: Surge in price due to Coincheck listing & community initiatives.
- TON: Stable growth, but slower compared to SHIB.
3. Uncertain Future Factors:
- Both SHIB & TON have strengths & weaknesses.
- Success depends on market sentiment, community engagement, and ecosystem development.
$SHIB
The cryptocurrency market is a dynamic landscape & the race for the top spots is always on. Two contenders vying for the coveted 15th position in market cap are Shiba Inu (SHIB), the meme coin with a loyal army of supporters, & Toncoin (TON), the native token of the Telegram-backed blockchain platform.
SHIB:
- Meme coin darling: SHIB burst onto the scene in 2021, driven by hype & community enthusiasm. Its association with Dogecoin (#Doge🦊 ) & its playful Shiba Inu mascot fueled its meteoric rise.
- Massive community: SHIB boasts a dedicated & passionate community, often referred to as the "#Shibarmy ." This strong community support has been instrumental in driving its price & popularity.
- Limited utility: While SHIB has seen some development efforts, its primary use case remains speculative trading. Its integration into payment platforms & other real-world applications is still in its early stages.
TON:
- Telegram backing: TON is the native token of the Telegram Open Network, a blockchain platform developed by the messaging giant Telegram. This association with a well-established & influential player in the tech world gives TON a significant advantage.
- Scalable & secure: TON's blockchain technology boasts high transaction speeds & low fees, making it a potentially attractive platform for decentralized applications (dApps).
- Early stage: TON is still in its early stages of development, with its ecosystem & #dApps still under construction. However, its potential & Telegram's backing have attracted significant interest from developers & investors.
The Battle for 15th:
1. Market Cap (as of Dec 16, 2023):
- SHIB: 15th place, $5.5 billion
- TON: 16th place, $5.3 billion
2. Recent Performance:
- SHIB: Surge in price due to Coincheck listing & community initiatives.
- TON: Stable growth, but slower compared to SHIB.
3. Uncertain Future Factors:
- Both SHIB & TON have strengths & weaknesses.
- Success depends on market sentiment, community engagement, and ecosystem development.
$SHIB
