Here is a brief explanation of how Shiba Inu (SHIB) works on Binance: #SHIBA🚀 💫🌟⭐$SHIB
Main Features
1. Token: SHIB.
2. Protocol: Ethereum (ERC-20).
3. Max Supply: 1 QUADRILLION
4. Trading: Binance because it is a very reliable platform
Long-term development
1. Increasing popularity due to its beauty and community.
2. Improving technology to enhance speed and security.
3. Integration with e-commerce.
4. Price stability.
Short-term development
1. Impact of news and analysis on prices.
2. Competition with other cryptocurrencies.
3. Volatility due to demand and supply.
4. Protocol updates.
Technical Analysis on Binance
1. Bullish pattern: Continuation of demand.
2. Bearish pattern: Decline in demand.
3. Supportive areas: $0.00001-0.00005.
4. Resistance areas: $0.0001-0.0005.
Future Outlook
1. Increase in popularity may reach $1.
2. Integration with e-commerce.
3. Stability.
4. Government regulation.
Risks
1. Volatility.
2. Competition.
3. Security.
4. Government regulation.
Resources
1. Binance Official Website.
2. CoinMarketCap.
3. CoinGecko.
4. Crypto Forum.
5. Market Analysis.