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Shiba Inu Price: After failing to reach the $3 trillion market cap, the cryptocurrency industry took a hit this week. With the price of Bitcoin suddenly falling below $68,000, the meme industry is going through a selling phase. Amid the correction, SHIB price shows rising selling pressure and a falling wedge. Will the meme bounce back or is more correction underway?

An important development has emerged in the#ShibaInu(#SHIB) ecosystem, sparking speculation and excitement among cryptocurrency enthusiasts. Whale Alert, a well-known blockchain tracker, recently revealed a staggering accumulation of 10.85 billion SHIB tokens worth $332.42 billion. This significant acquisition, facilitated through a transaction on the Cumberland cryptocurrency trading platform, sparked interest and optimism about cryptocurrencies Sunday.

Market enthusiasm
In a surprising turn of events, Shiba Inu (SHIB) remained resilient above the $0.00003 resistance level, benefiting from a combination of its fundamentals and broader market noise.
The Shiba Inu is aiming to obliterate another zero, marking the next pivotal target for bullish traders, a task that appears achievable given its notable surge of over 60% over the current week (WTD).

SHIB Leader Chitoshi Kusama Doesn't Care If Bitcoin Hits $70,000, Here's Why. The mysterious leader of the Shiba Inu known to the SHIB community under the alias Shytoshi Kusama has been unusually active on Twitter/X today. He posted several upbeat and upbeat tweets about the Shiba Inu, saying the team needed a new strategy and promising a big announcement coming next week. An ebullient Kusama even tweeted that he and the SHIB Army don't care whether the world's leading cryptocurrency, Bitcoin, goes to $70,000. Bitcoin to $70,000? We Actually Don't Care: Chitoshi Kusama. As Bitcoin crossed the $65,000 level, Andre Tate, a social media personality with 2.2 million followers, indicated to the SHIB leader on X (Twitter) that it could reach $70,000. He jokingly added that he would then call everyone on Crypto Twitter “losers.” "We actually don't care," Kusama quoted his tweet as saying. Over the past 24 hours, Bitcoin printed an impressive figure that rose by 6.24% to reach a new high. At the time of this writing, BTC is exchanging hands in the $65,300 area. Crypto YouTuber Lark Davis asked the Bitcoin community if they think BTC could reach a new all-time high today. The previous historical peak was observed near the $69,000 mark in November 2021. However, despite his tweet, Kusama later retweeted a chart posted by the Bitgrow Lab founder about the approaching Bitcoin halving in April and the expected jump in Bitcoin prices. Chitoshi Kusama has made several major announcements. Meanwhile, Kusama posted several tweets making important announcements for the SHIB community. In one of them, Kusama mentioned that SHIB has come very close to Dogecoin in terms of market cap value – SHIB is now 11th, while DOGE is 9th on CoinMarketCap. “We must pause to put together a strategy to surpass the large market cap even though we have a stronger military,” he said in a tweet. Earlier today, Kusama stated on X that the Shiba Inu remains a "dogecoin killer."

The Shiba Inu continues to cling to the dream of eventually reaching $0.001, but what return will a $100 investor achieve if SHIB achieves this goal? The Shiba Inu Community (SHIB) hopes that the dog-themed asset will see a price of $0.001. While this price target sounds very ambitious, investors are wondering how much of an impact it could have on their investments if SHIB eventually reaches the price point. Recall that the Shiba Inu fell to a shocking level of $0.00000543 on June 10, raising concerns. However, a $100 investment would have given investors a whopping 18.42 million SHIB tokens at that price. Given the recovery, $100 in Shiba Inu would give 446 million tokens at its current price of $0.0000224. The value of 4.46 million SHIB would be worth $12,547 if the value of the Shiba Inu reached $0.001. This type of appreciation translates into a return on investment of 12,447%. If this is achieved, the investor will have made profits of over $12,400 with an initial investment of $100. Shiba Inu to $0.001: Is it possible? As most market observers and analytical resources have confirmed, it is possible for the Shiba Inu price to reach the $0.001 price level. However, they advise caution as the target price is not guaranteed. The Shiba Inu would require a 12,400% upside to reach $0.001. Additionally, potential partnerships within the SHIB ecosystem will increase exposure and drive demand for dog-themed assets. These initiatives can support the Shiba Inu's goal of earning $0.001, especially during a bull market. Notably, the most realistic target price for the Shiba Inu is its all-time high of $0.00008845 which was achieved in October 2021. Having reached the target price in the past, market watchers believe that SHIB has a better chance of regaining $0.00008845 than reaching $0.001. dollar. However, if SHIB regains ATH, a $100 investment would yield $1,059. Thank you for reading, remember to follow, like and advise

Shiba Inu's Growing Success: 125% Increase - What's Driving Prices to Rise?🤯💥📈 With an increase in overall confidence in the cryptocurrency market, Shiba Inu (SHIB) has seen significant growth recently, coinciding with Bitcoin's rise above 63,000 dollar. The value of the meme has skyrocketed, with a remarkable 50% increase in the past 30 days, a staggering 124% rise in the past week, and a remarkable 61% rise in the past 24 hours alone. SHIB has managed to enter positive territory for 2023 with an increase of 10% since February, and its market value exceeded $8.5 billion for the first time in a year. Technical indicators reinforce this upward trend, with a significant 75% rise in trading volume indicating renewed investor interest following the recent price surge above $0.000014. This could indicate a potential breakout from previous consolidation, and if buying pressure persists, it could mean further upward movement. With the total market value of cryptocurrencies approaching $2.5 trillion, speculation is growing about a potential rise. While an increase in market capitalization indicates a return in investor optimism, past performance does not guarantee future results. Significant price increases seen in these volatile assets may indicate increased retail investor participation, which could lead to enhanced values ​​but also increased volatility. SHIB Investors' Attitude The shift in investor sentiment towards the Shiba Inu (SHIB) is an interesting technical signal. While only 10% of SHIB investors were profitable in September 2022, more than 50% of them are now profitable. This shift underscores the positive impact of the recent rise in prices and, if it continues, could lead to increased buying pressure. $SHIB