🔥 Destruction of zeros for Shiba Inu! 😱
In the previous bull run, Shiba Inu (SHIB) wiped out six zeros from its price. Some say that removing even two zeros in the next bull run could be profitable for current investors. However, others argue that a target of $1 is practically impossible in the near term.
Here are a few more things to consider regarding SHIB:
The cryptocurrency market is volatile, and past performance is not indicative of future results.
In 2022, the Shiba Inu team adopted a burning mechanism that allows the community to send tokens to a dead wallet. In 2024, over 44.6 billion SHIB were destroyed.
Some analysts highlight an ascending triangle, suggesting a possible breakout if SHIB surpasses its resistance at $0.000033.
Technical support from the 50-day exponential moving average (EMA) at $0.00002357 provides stability for Shiba Inu.