Shiba Inu rises again, and its market value soars beyond ADA, indicating a brilliant future!
Shiba Inu once again attracted everyone's attention with its amazing performance. This time, the price of SHIB soared by 16%, successfully surpassing ADA. This feat not only shocked the market, but also made Lucie, the leader of Shiba Inu, very happy.
Lucie, as the marketing core of Shiba Inu, is full of expectations and enthusiasm for every growth of SHIB. When she saw that SHIB's market value exceeded ADA, she excitedly shared the good news on social media and expressed her heartfelt praise for this achievement. She knows that this is not only a milestone for SHIB, but also the result of the joint efforts of the entire Shiba Inu community.
Shiba Inu, this “meme coin” once known for its comedy and humor, has now demonstrated its market potential that cannot be ignored. With its unique community culture and strong fan base, it has overcome all obstacles and successfully climbed to the forefront of the digital currency market. And this time surpassing ADA proves its strong competitiveness and broad development prospects.
It is worth mentioning that Shytoshi Kusama, the leader of the Shiba Inu ecosystem, also showed high activity at this moment. He issued a brief "WOOF" on social media. This move not only reflected his optimism about the market, but also served as an encouragement and motivation to the SHIB community. The sound of "WOOF" seemed to resonate with the entire community, making every SHIB holder feel the firmness and confidence from the team.
In the currency circle, Shiba Inu continues to write his own legend with his unique charm and determined pace. We have reason to believe that in the days to come, SHIB will continue to shine on the stage of the digital currency market and create more brilliance and miracles.
With today’s market updates, Shiba Inu’s market capitalization has climbed to approximately $16.82 billion, a figure that slightly surpasses Cardano’s market capitalization, which is currently valued at approximately $16.5 billion. SHIB's surge in market value is due to a combination of factors, including surges in investor interest, strategic partnerships and recent technology upgrades.
During this exciting moment, Shiba Inu leader Lucie highlighted SHIB's perfect technical analysis score - a whopping 100 points.She posted a video predicting an “extremely bullish” trend in SHIB prices in the future. This score not only highlights the market's optimism for SHIB, but also heralds further growth driven by strong market sentiment and technical indicators.
Looking back at the rally in March this year, Shiba once surpassed Cardano. However, affected by the massive downward trend, SHIB price suffered significant losses, allowing ADA to regain its position within a month. This strong rebound is undoubtedly the perfect compensation for the previous defeat.
SHIB’s price surged nearly 16% today, breaking through the key point of $0.000028 and successfully breaking through the resistance level of $0.000025. This breakout suggests that SHIB is on track to hit its next price target of $0.00003, which would be an important milestone. At the time of publication, Wednesday, May 29, the price of Shiba Inu was up 15.93%, reaching $0.00002867.
In addition, SHIB’s trading volume surged 96.60% in the past 24 hours, reaching $1.95 billion. According to data from Coinglass, short position holders lost up to $10.4 million in assets due to liquidation. These traders may use proceeds from sales to re-buy their positions to mitigate losses from the latest price increase.
Therefore, buying pressure may push SHIB's price further, but the attendant risk of selling cannot be ignored. Open interest in SHIB futures surged 32.51% to $120.8 million, indicating renewed interest among derivatives traders in SHIB. We look forward to Shiba Inu continuing to show its unique charm and potential to rebuild its glory.
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