With an increase of ~14% in the past 24 hours with a trading volume of $6.543 billion. The price of SHIB continues to maintain bullish sentiment. Shiba Inu memecoin has surged by 58.39% over the past week, leading to a multi-level breakout.
In the context of increasing optimism in the cryptocurrency space, will the price of Shiba Inu (SHIB) challenge the market capitalization of Cardano (ADA), which currently holds the 09 position with a valuation of $20.703 billion? You have just a few minutes to explore these possibilities!
The price of SHIB has reached a 5-month high.
With the recent price increase, the Shiba Inu meme coin has successfully reclaimed the $0.0000260 mark. Furthermore, the second largest memecoin by market capitalization has solidified its position in the top 10 cryptocurrencies, indicating increased market dominance.
According to reports, this memecoin project has recorded a 24-hour High/Low of $0.00002786 and $0.00002315. Furthermore, with a trading price of $0.00002583, its market capitalization stands at $15.282 billion.
The 50/200 day EMA has had a Golden Cross in the daily timeframe, indicating increasing buying pressure in the cryptocurrency space.
The Moving Average Convergence Divergence (MACD) indicates a continuous rise in the green chart with the averages suggesting an ongoing increase. This suggests that this altcoin may continue to increase in value in the near future.
Will SHIB ever increase in price?
Maintaining bullish action could push the price of SHIB to the resistance level of $0.00003080. Furthermore, if buyers hold their dominant position, the price of Shiba Inu is likely to be exchanged at around $0.0000380 by the end of the month.
On the contrary, if the event dynamics change or profits increase, the cryptocurrency SHIB could retest the low of $0.0000200 in the coming weeks.
Frequently Asked Questions:
Is it worth investing in SHIB right now?
The price of Shiba Inu coin has increased by 13.38%, making it one of the attractive options currently.
How high can Shiba Inu fly?
With potential price increase, this meme coin could reach a high of $0.00003965 this year.
Will the price of SHIB reach $0.000050?
The price of Shiba Inu dog is predicted to potentially reach this level by 2025.
