Shiba Inu (SHIB) Inches Closer to Erasing Zero; What's Driving Rally?

According to on-chain data from IntoTheBlock, over 239,300 addresses own 151.49 trillion SHIB at an average price of $0.000011, between $0.000010 and $0.000013.

This means that these investors are currently underwater and may be tempted to sell their SHIB to break even or reduce their losses. As a result, SHIB bulls will need to resist selling pressure and absorb supply to break above this level.

As SHIB approaches the crucial 151 trillion token level, bulls are gearing up for what could be a monumental showdown. A breakthrough would mark a substantial achievement for SHIB holders and could potentially aid further price appreciation.

Shiba Inu has climbed in tandem with the crypto market recently, a factor that might boost the SHIB price in the days ahead. With Bitcoin and Ethereum recently reaching fresh highs, investors might shift their attention to lesser caps in search of substantial returns.

As SHIB prepares for a potential showdown at the 151 trillion Shiba Inu barrier, the cryptocurrency community watches with bated breath. Whether SHIB can overcome this hurdle and embark on a new bullish cycle remains to be seen.

#Write2Earn #ShibaPriceAnalysis

However,

investors and enthusiasts are optimistic that 2024 could bring a different narrative for this popular dog-themed cryptocurrency.
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#Write2Earn #TrendingTopic #ShibaPriceAnalysis #SHIB2024 #LUNC. $LUNC $SHIB $BONK

As per CoinCodex, Shiba Inu's (SHIB) price is projected to potentially reach $0.00001158 by the conclusion of January 2024, indicating a roughly 7.2% increase from its current value.

Can a Shiba inu go for 1$?

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Hi I am Aizaz. #ShibaInuAirdrop #SHIBA_INU #ShibaInuAI #ShibaPriceAnalysis $BTC

$SHIB

Never underestimate the power of shib.
It will sky rocket after this month.

If u can by 50000000 shib, u never regret.

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# 🚨HIGH ALERT UPDATE🚏
🌈 Why Are Dogecoin, Shiba Inu, and Mem
Tokens does Not Rising? Technical analysis☔
After Elon Musk denied owning SHIB coin,
these meme coins are facing further decline.
Let's shed some light on the situation.
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♈While Bitcoin and Ethereum have captured
investors' attention with their performances,
meme coins like Dogecoin (DOGE) and Shiba
Inu (SHIB) have failed to meet expectations.
♓Analyzing this, Nansen analysts suggest that
meme coins have underperformed because
investors are focusing on market leaders
Bitcoin and Ethereum.
💹Speaking to The Block, Nansen analysts noted that meme coins have lagged behind BTC, ETH, and other rising altcoins during the same period.💲
📌Currently, meme coins are highly illiquid and volatile, with investor interest primarily centered on BTC and ETH.
📌Apart from meme coins, much of the cryptocurrency market still grapples with poor liquidity."
🗃Hit the follow button, lovely readers! If you're feeling generous enough to tip for this article, it would be greatly appreciated. 🙏🏻 Big gratitude in advance! #Dogecoins #ShibaPriceAnalysis
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$SHIB
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Google Bard Forecasts Shiba Inu Price Scenarios After Bitcoin Halving

Google's AI chatbot Gemini, formerly known as Google Bard, has forecasted potential Shiba Inu values if Bitcoin hits $100k, $150k, or $250k post its April 2024 halving.

✔ Gemini's projections are based on historical altcoin trends linked to Bitcoin's performance, acknowledging Bitcoin's dominance in the crypto market.

For instance, if Bitcoin reaches $100k, Gemini suggests Shiba Inu could surge to $0.00003185, a 226.13% increase from its current value of $0.000009766.

In the most optimistic scenario, with Bitcoin at $100k, Shiba Inu could hit

◉ If Bitcoin hits $150k, Gemini envisions Shiba Inu trading at $0.00013856 in the optimistic scenario, reflecting a potential surge of 1318.95%.

Conversely, in a conservative estimate, Shiba Inu could grow by 226% to $0.00003185, and in a moderate outlook, between $0.00004256 and $0.00005564.

If Bitcoin reaches $250k, Gemini projects Shiba Inu to potentially reach $0.00007963 in a less optimistic scenario, and in an optimistic scenario, surge to $0.00014, surpassing 1334% growth from its current price.

$SHIB $BTC

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SHIB Price Prediction: SHIB Reveals Pullback, Time To Buy? 💹

SHIB has seen bullish accumulation and a rounding recovery shape, surging over 20% this month. 🚀

Trading at $0.00001039, SHIB shows a 9.90% intraday gain with increased trading volume. 📈

Bouncing above key moving averages, SHIB may aim for $0.00001500 if it sustains gains above $0.00001000. 💪

RSI indicates bullish momentum, while MACD suggests dominance by bulls. 🐃

SHIB needs to breach $0.00001500 for a trend reversal; until then, the outlook remains neutral. 🔍

#SHIBA_INU #ShibaPriceAnalysis

If you hold $SHIB then this article is a MUST
read for you. I will logically assess Shiba Inu's
future price and Potential✅
Despite its impressive performance in the
past couple of years, Shiba Inu is very
unlikely to reach $1 or 50 cents because its
circulating token supply is simply too large.
However, that doesn't mean that Shiba Inu
doesn't have a lot of upside potential.✅✅#shiba #Write2Earn #SHIBA_INU #ShibaPriceAnalysis #Write2Earn

'Sentiment' waiting for $SHIB to reach minimum of 0.005 is like waiting for Elephant to run fast, it will take like 5 years to see more valuable profit. it only takes more patients. #Write2Earn #Portal #SHIBA_INU #ShibaPriceAnalysis #TrendingTopic

Stop spreading the claim that the Shiba Inu Coin will reach $1! It's practically impossible. With 589 trillion Shiba Inu Coins, the coin would need a market capitalization of $589 trillion, which is utterly insane. For comparison, Bitcoin has a market capitalization of only $1.01 trillion. $589 trillion would be nearly 600 times the market capitalization of Bitcoin – it's simply absurd and naive to believe that the Shiba Inu Coin will reach $1.

#Write2Earn #TrendingTopic #ETH #SHIBA_INU #ShibaPriceAnalysis $SHIB

$SHIB
MakerDAO Founder Rune Christensen Purchases 74 Billion SHIB Tokens
According to Foresight News, MakerDAO founder Rune Christensen has recently purchased 74 billion SHIB tokens at an average price of $0.00001334, amounting to approximately $98,000. This marks the first time that this address has bought SHIB.

@Shiba Inu @Binance News #TrendingTopic #SHIB/𝗨𝗦𝗗𝗧 #SHIBA_INU #ShibaPriceAnalysis

#ShibaPriceAnalysis
shiba is the only garbage we had saved in our wallets and there is no future of shib.
All of the coins got some good move but shiba is the only one who had stucked since 3 years .
investment in this coin is all in vain now and in future in my opinion .
Follow me @#SA_Cryptostar
Disclaimer: This content is not a paid advertisement and is not intended to persuade or encourage investment. Please conduct thorough research and make informed decisions based on your own analysis before considering any investment opportunities.
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#Write2Earn

Shiba is the Future.
#TrendingTopic #Write2Eam #writing-is-my-earning #SHIBA_INU #ShibaPriceAnalysis

Few Words For Shiba Coins make You millionare in 2030
price prediction may reach to 1 Pkr
#shib #ShibaPriceAnalysis $SHIB

.$SHIB #SHIB/𝗨𝗦𝗗𝗧 #ShibaPriceAnalysis #Write2Earn‬ #TrendingTopic.

This is a wonderful phenomenon. I have never seen this before. The upward trend of $SHIB is predicted to continue, with further potential for growth. 📈📈📈

🔔 And still no one is talking about $SHIB , except me!

📌 Yesterday crushed 1️⃣ Target 🔥 with 💰Profit + 12%.

And today it just doubled, up for 24% 🚀🚀 within a few hours.

📌 #SHIBA_INU killing Target 2️⃣ 🔥🔥

📈 Waiting for more.

Shiba Inu Coin Ignites Market with Massive Token Burn Strategy #Write2Earn #Shib #ShibaPriceAnalysis

In a move that electrified the cryptocurrency community, the Shiba Inu coin showed impressive market activity by burning a significant quantity of its tokens this past Saturday. The coin, often compared to DOGE, saw a transfer of over 42 million SHIB to a dedicated burn wallet, an action aimed at improving the coin’s economic appeal. This initiative reflects the vigorous commitment of the Shiba Inu community to bolster the coin’s market value and demand.

Intensified Token Burns Signal Strong Market Optimism

The sustained effort to burn Shiba Inu tokens is generating a bullish sentiment among investors, as evidenced by the uptick in the burn rate. This strategy has been accompanied by a noticeable yet modest rise in the coin’s price, signaling solid community backing.

Cryptocurrency analysts remain optimistic about SHIB’s short-term price trajectory, with current market analysis indicating a steady uptrend for the coin’s value. Data from Shibburn, a platform that monitors Shiba Inu token burns, confirmed that the 42.05 million SHIB transfer on February 24th marked a significant leap in the burn rate, with a 55.17% daily increase and a 113.62% rise on a weekly scale.

The Shiba Inu community has already incinerated 410.70 trillion of the original SHIB supply, with a remaining circulation of 581.44 trillion. This aggressive burning strategy is reinforcing the bullish stance of SHIB enthusiasts.

The SHIB ecosystem ushered in another new development with the introduction and prompt sell-out of the SHEboshi DN404 test token, further stirring excitement among followers.

Currently, the price of Shiba Inu has witnessed a 0.28% increase within the last day, trading at $0.00000953. This upswing in value mirrors the community’s recent efforts, particularly the heightened burn rate and the fast-selling SHEboshi tokens.

Shiba Inu’s price trajectory over the past month might be setting the stage for a more substantial upsurge.

Shiba Inu hitting $1? Analysts aren't so sure. 🤯🐕😰

Despite the hype, indicators point to a potential downturn for Shiba Inu. Recent data from Santiment indicates a drop in new addresses, signaling waning interest. Analysts highlight an inflow surpassing outflow, indicating a prevalent selling trend.

Market sentiment leans towards selling over accumulation, casting doubt on Shiba Inu reaching $1. With a significant 91.30% drop from its All-Time High, recovery poses a considerable challenge. Glassnode's NVT Signal, showing an increasing trend, challenges a favorable trading discount.

Considering these factors, Shiba Inu's short-term outlook is challenging. The NVT Signal and other metrics suggest a possible dip, raising questions about reaching $1 in the long run. Caution is advised in the current market conditions. While price jumps may occur, obstacles caution against overly optimistic predictions. Stay informed for wise decisions. #SHIB #SHIBAnalysis #ShibaPriceAnalysis #Write2Earn #TrendingTopic 📉💡

let see:🙋🙋🙋
Once a cryptocurrency like $SHIB experiences a 10% increase, people often start envisioning optimistic scenarios. However, it's important to be cautious as the Shib price is likely to drop below the lowest point in the past 24 hours. Let go of fanciful dreams and the notion of collective unity; the price trend might not be as upward as some believe.
#Binance2Learn #Writer2Earn #BullRun🐂 #ShibaPriceAnalysis $SHIB