📊📎 Shiba Inu Burns 17M Tokens – Could a Parabolic Rally Be Next? 📎📊
Shiba Inu ($SHIB ) experienced a burn of 17 million tokens over the last two days, valued at only about $500, according to shibburn.com. This burn is insignificant when compared to Shiba Inu's market cap of $16.58 billion.
Shiba Inu is described as a speculative investment, heavily dependent on hype and its dedicated community. Despite the minor impact of the recent burn, there are other factors that might excite investors about Shiba Inu.
📊 Shiba Inu – Could a Parabolic Rally Be Next?
Speculation about Shiba Inu's potential for parabolic price increases is discussed. If Shiba Inu exceeds its previous peak just under $0.000090, entering a phase of price discovery, its future price could be unpredictable.
Technical analysis using Fibonacci extensions suggests Shiba Inu could potentially see a 10x increase from its current levels.
📊 That would see $SHIB attain a market cap of over $150 billion.
If Bitcoin ($BTC ) reaches $200,000, making its market cap over $4 trillion, Shiba Inu's market cap at 4% of Bitcoin's would not be outlandish given its status among meme coins. The future of meme coins like Shiba Inu looks promising, though the market remains highly volatile. Investors looking for significant gains with Shiba Inu must be prepared to endure sharp market downturns.
📍Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
Thank you for reading.
#BitcoinKeyZone
Shiba Inu ($SHIB ) experienced a burn of 17 million tokens over the last two days, valued at only about $500, according to shibburn.com. This burn is insignificant when compared to Shiba Inu's market cap of $16.58 billion.
Shiba Inu is described as a speculative investment, heavily dependent on hype and its dedicated community. Despite the minor impact of the recent burn, there are other factors that might excite investors about Shiba Inu.
📊 Shiba Inu – Could a Parabolic Rally Be Next?
Speculation about Shiba Inu's potential for parabolic price increases is discussed. If Shiba Inu exceeds its previous peak just under $0.000090, entering a phase of price discovery, its future price could be unpredictable.
Technical analysis using Fibonacci extensions suggests Shiba Inu could potentially see a 10x increase from its current levels.
📊 That would see $SHIB attain a market cap of over $150 billion.
If Bitcoin ($BTC ) reaches $200,000, making its market cap over $4 trillion, Shiba Inu's market cap at 4% of Bitcoin's would not be outlandish given its status among meme coins. The future of meme coins like Shiba Inu looks promising, though the market remains highly volatile. Investors looking for significant gains with Shiba Inu must be prepared to endure sharp market downturns.
📍Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
Thank you for reading.
#BitcoinKeyZone
Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
SHIB
0,00001248
-1.50%