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Dogecoin (DOGE) Skyrockets 71% in Volume -What's Happening?
In a startling turn of events, Dogecoin (DOGE), the cryptocurrency initially created as a joke, has witnessed an astounding surge in trading volume, leaving both investors and analysts scratching their heads. According to data from CoinGlass, the trading volume of Dogecoin has soared by a staggering 71.04% within the last 24 hours, reaching an eye-popping $2.06 billion.
This surge in trading activity comes against a backdrop of uncertainty and volatility within the cryptocurrency market as a whole. Dogecoin, known for its whimsical Shiba Inu mascot and playful origins, has defied expectations once again by capturing the attention of traders and enthusiasts alike.
Despite its origins as a meme-inspired digital currency, DOGE has steadily gained traction over the years, propelled by an enthusiastic community and high-profile endorsements from figures like Elon Musk and Mark Cuban. However, the magnitude of this recent surge in trading volume has left many observers astonished.
Investor sentiment shifts for Dogecoin.
As of the latest data, the current price of Dogecoin stands at $0.1471, marking a modest increase of 3.21% during the same 24-hour period. This rise in price, coupled with the surge in trading volume, suggests renewed interest and activity surrounding the cryptocurrency.
Furthermore, Open Interest in Dogecoin has also experienced a notable uptick, climbing by 6.83% to reach $774.73 million. Open Interest refers to the total number of outstanding derivative contracts, providing insights into market sentiment and potential future price movements.
The sudden spike in trading volume and Open Interest raises questions about the underlying factors driving this surge. While cryptocurrencies are known for their volatility, the extent of Dogecoin's movement has caught many off guard. However, this recent surge could be attributed to the renewed interest from retail investors.
In a startling turn of events, Dogecoin (DOGE), the cryptocurrency initially created as a joke, has witnessed an astounding surge in trading volume, leaving both investors and analysts scratching their heads. According to data from CoinGlass, the trading volume of Dogecoin has soared by a staggering 71.04% within the last 24 hours, reaching an eye-popping $2.06 billion.
This surge in trading activity comes against a backdrop of uncertainty and volatility within the cryptocurrency market as a whole. Dogecoin, known for its whimsical Shiba Inu mascot and playful origins, has defied expectations once again by capturing the attention of traders and enthusiasts alike.
Despite its origins as a meme-inspired digital currency, DOGE has steadily gained traction over the years, propelled by an enthusiastic community and high-profile endorsements from figures like Elon Musk and Mark Cuban. However, the magnitude of this recent surge in trading volume has left many observers astonished.
Investor sentiment shifts for Dogecoin.
As of the latest data, the current price of Dogecoin stands at $0.1471, marking a modest increase of 3.21% during the same 24-hour period. This rise in price, coupled with the surge in trading volume, suggests renewed interest and activity surrounding the cryptocurrency.
Furthermore, Open Interest in Dogecoin has also experienced a notable uptick, climbing by 6.83% to reach $774.73 million. Open Interest refers to the total number of outstanding derivative contracts, providing insights into market sentiment and potential future price movements.
The sudden spike in trading volume and Open Interest raises questions about the underlying factors driving this surge. While cryptocurrencies are known for their volatility, the extent of Dogecoin's movement has caught many off guard. However, this recent surge could be attributed to the renewed interest from retail investors.
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😱🚀🚀Dogecoin and Shiba Inu Expect Explosion to Rise by More than 100%
The recorded volatility in the broader crypto ecosystem has affected memecoins remarkably, with the spotlight on Dogecoin (#DOGE ) and Shiba Inu (#SHIB ). With the bearish outlook, Shiba Inu declined by 10.65% in the following 7-day period and fell to $ 0.000022 at that time.
The signals exist because Dogecoin is trading above the 200 Moving Average (MA), but below the 50-day ma. It immediately becomes difficult to predict a solo bullish rally for DOGE, which is known as a highly volatile asset class. Broader market sentiment remains an important factor that could help sustain the slight uptick in the Open Interest Rate (OI). Currently, Coinalyze is fixing the OI at $645.6 million, an increase of 0.87% at the time of writing.
The $0.16 resistance level for Dogecoin remains a very important level to watch. With at least 3 attempts to exceed this level in the last 4 weeks, exceeding this point may increase the DOGE price to $ 0.2 in the near term. Aside from the impact of the Dogecoin whales, the coin has limited fundamentals to trigger a run, but the market trend and its historical priority could help trigger at least a 100% rally in the near term.
Shiba Inu Will Be An Example
Shiba Inu bulls have a lot to prove both to themselves and to the memecoin ecosystem. In recent weeks, Shiba Inu has surpassed itself with Annual growth of more than 116% (OHR). The recent downturn triggered a decline in his rsi, which is currently fixed at 42.
An unprecedented trend change is also expected for Shiba Inu, as confirmed by the Moving Average Convergence Divergence (MACD). Unlike Dogecoin, many fundamentals, including an increased burn rate, drive Shiba Inu. Oct Paying token continues to be widely adopted by mainstream payment tools such as Bitpay.
In total, Shiba Inu's deep correlation with Bitcoin could serve as its biggest blip in its quest for a 100% revival.
#Memecoins #binance
The recorded volatility in the broader crypto ecosystem has affected memecoins remarkably, with the spotlight on Dogecoin (#DOGE ) and Shiba Inu (#SHIB ). With the bearish outlook, Shiba Inu declined by 10.65% in the following 7-day period and fell to $ 0.000022 at that time.
The signals exist because Dogecoin is trading above the 200 Moving Average (MA), but below the 50-day ma. It immediately becomes difficult to predict a solo bullish rally for DOGE, which is known as a highly volatile asset class. Broader market sentiment remains an important factor that could help sustain the slight uptick in the Open Interest Rate (OI). Currently, Coinalyze is fixing the OI at $645.6 million, an increase of 0.87% at the time of writing.
The $0.16 resistance level for Dogecoin remains a very important level to watch. With at least 3 attempts to exceed this level in the last 4 weeks, exceeding this point may increase the DOGE price to $ 0.2 in the near term. Aside from the impact of the Dogecoin whales, the coin has limited fundamentals to trigger a run, but the market trend and its historical priority could help trigger at least a 100% rally in the near term.
Shiba Inu Will Be An Example
Shiba Inu bulls have a lot to prove both to themselves and to the memecoin ecosystem. In recent weeks, Shiba Inu has surpassed itself with Annual growth of more than 116% (OHR). The recent downturn triggered a decline in his rsi, which is currently fixed at 42.
An unprecedented trend change is also expected for Shiba Inu, as confirmed by the Moving Average Convergence Divergence (MACD). Unlike Dogecoin, many fundamentals, including an increased burn rate, drive Shiba Inu. Oct Paying token continues to be widely adopted by mainstream payment tools such as Bitpay.
In total, Shiba Inu's deep correlation with Bitcoin could serve as its biggest blip in its quest for a 100% revival.
#Memecoins #binance
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Shiba Inu (SHIB) Jumps 7% in an Hour: Here’s Why
In a surprising twist, Shiba Inu (SHIB) saw a remarkable 7% surge in value within just one hour, making a standout move amid a broader recovery in the cryptocurrency market.
What makes this rise even more noteworthy is that it happened without any significant news or announcements over the weekend, suggesting that technical factors played a key role as the main driving force behind the sudden increaTechnical Analysis Driving SHIB’s 7% Surge
The Role of Technical Factors: Technical analysis holds significant sway in the cryptocurrency market, often shaping price movements based on patterns, trends, and indicators rather than fundamental news. In the case of SHIB, the recent 7% rise appears to be driven primarily by such technical factors.
Bounce off Key Support Level: Traders and analysts have noted that SHIB’s price sharply rebounded from a crucial support level, indicating that the token was oversold in the short term. Following a period of relative stagnation last week, traders awaited a decisive move from SHIB. As of the latest update, SHIB has surged by 5.52% in the past 24 hours to reach $0.00002357.
Crypto Market Rebounds, Fueling SHIB’s Surge
The broader cryptocurrency market is displaying signs of recovery, with several instillToptimism pervading the market, coupled with SHIB’s favorable technical indicators, has created an ideal environment for the token’s value to soar. As SHIB continues its trajectory, traders are closely monitoring price movements to identify the next resistance levels, amid speculation about how high SHIB can climb in the coming days.
Looking ahead, this week will see the release of significant CPI data for April in the United States, a macroeconomic event that could introduce volatility to the cryptocurrency markets. This development adds another layer of anticipation and uncertainty for traders and investors alike.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
What makes this rise even more noteworthy is that it happened without any significant news or announcements over the weekend, suggesting that technical factors played a key role as the main driving force behind the sudden increaTechnical Analysis Driving SHIB’s 7% Surge
The Role of Technical Factors: Technical analysis holds significant sway in the cryptocurrency market, often shaping price movements based on patterns, trends, and indicators rather than fundamental news. In the case of SHIB, the recent 7% rise appears to be driven primarily by such technical factors.
Bounce off Key Support Level: Traders and analysts have noted that SHIB’s price sharply rebounded from a crucial support level, indicating that the token was oversold in the short term. Following a period of relative stagnation last week, traders awaited a decisive move from SHIB. As of the latest update, SHIB has surged by 5.52% in the past 24 hours to reach $0.00002357.
Crypto Market Rebounds, Fueling SHIB’s Surge
The broader cryptocurrency market is displaying signs of recovery, with several instillToptimism pervading the market, coupled with SHIB’s favorable technical indicators, has created an ideal environment for the token’s value to soar. As SHIB continues its trajectory, traders are closely monitoring price movements to identify the next resistance levels, amid speculation about how high SHIB can climb in the coming days.
Looking ahead, this week will see the release of significant CPI data for April in the United States, a macroeconomic event that could introduce volatility to the cryptocurrency markets. This development adds another layer of anticipation and uncertainty for traders and investors alike.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
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$SHIB Still Consolidating With In Descending Channel Incase Of Successful Breakout Expecting Massive Bullish #Shib Is In Uptrend Expecting Higher In High In Coming Days
#Crypto #Shib
#Crypto #Shib
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Analyst Sets Timeline For 3,000% Shiba Inu (SHIB) Price Rally
Recently, prominent analyst Davie Satoshi included Shiba Inu (SHIB) on a list of crypto assets with the potential for significant growth during the current bull market.
Davie suggests SHIB could experience a surge of 1,000% to 3,000% within the next year. This translates to a potential price range of $0.0002250 to $0.0006750, exceeding SHIB’s all-time high of $0.00008845 attained in 2021. Notably, Davie is not the only analyst expressing optimism for SHIB. Others share similar price targets in the current market cycle.
SHIB’s past performance likely influences Davie’s prediction. Following Bitcoin’s last halving event, SHIB witnessed a remarkable surge, exceeding 800,000% in gains. This impressive growth, coupled with SHIB’s survival throughout the bear market of 2022 and 2023, suggests a certain level of resilience within the project.
Unlike many meme coins that emerged during previous bull runs, SHIB maintained a position among the top 20 most valuable cryptocurrencies throughout the downturn. Notably, some meme coins launched during the current bull market have already been compromised through rug pulls, further highlighting SHIB’s relative stability.
This resilience can be attributed, in part, to the active development team behind Shiba Inu. The team has consistently rolled out updates and formed strategic partnerships that benefit SHIB and potentially impact the broader technology sector. This ongoing development activity fosters investor confidence in the project’s long-term viability.
Meme Coin Landscape: Beyond Shiba Inu
While SHIB garnered significant attention from Davie, his analysis wasn’t limited to just that one token. Extending his gaze across the meme coin landscape, Davie identified several other contenders with growth potential. Dogecoin (DOGE), the undisputed king of meme coins by market capitalization, was listed alongside established players like PEPE and the fast-rising Dogwifhat (WIF).
Intriguingly, Davie wasn’t just focused on proven performers, he also took notice of a newcomer to the meme coin scene, Coq Inu (COQ), and expressed a similar belief in its potential, predicting a possible 30X growth trajectory for this fresh-faced token.
Investor Takeaway
Davie’s prediction offers a bullish perspective on SHIB’s future. However, investors must conduct thorough research and understand the inherent volatility associated with cryptocurrency investments. While SHIB’s historical performance and ongoing development efforts are positive indicators, the market remains unpredictable.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
Davie suggests SHIB could experience a surge of 1,000% to 3,000% within the next year. This translates to a potential price range of $0.0002250 to $0.0006750, exceeding SHIB’s all-time high of $0.00008845 attained in 2021. Notably, Davie is not the only analyst expressing optimism for SHIB. Others share similar price targets in the current market cycle.
SHIB’s past performance likely influences Davie’s prediction. Following Bitcoin’s last halving event, SHIB witnessed a remarkable surge, exceeding 800,000% in gains. This impressive growth, coupled with SHIB’s survival throughout the bear market of 2022 and 2023, suggests a certain level of resilience within the project.
Unlike many meme coins that emerged during previous bull runs, SHIB maintained a position among the top 20 most valuable cryptocurrencies throughout the downturn. Notably, some meme coins launched during the current bull market have already been compromised through rug pulls, further highlighting SHIB’s relative stability.
This resilience can be attributed, in part, to the active development team behind Shiba Inu. The team has consistently rolled out updates and formed strategic partnerships that benefit SHIB and potentially impact the broader technology sector. This ongoing development activity fosters investor confidence in the project’s long-term viability.
Meme Coin Landscape: Beyond Shiba Inu
While SHIB garnered significant attention from Davie, his analysis wasn’t limited to just that one token. Extending his gaze across the meme coin landscape, Davie identified several other contenders with growth potential. Dogecoin (DOGE), the undisputed king of meme coins by market capitalization, was listed alongside established players like PEPE and the fast-rising Dogwifhat (WIF).
Intriguingly, Davie wasn’t just focused on proven performers, he also took notice of a newcomer to the meme coin scene, Coq Inu (COQ), and expressed a similar belief in its potential, predicting a possible 30X growth trajectory for this fresh-faced token.
Investor Takeaway
Davie’s prediction offers a bullish perspective on SHIB’s future. However, investors must conduct thorough research and understand the inherent volatility associated with cryptocurrency investments. While SHIB’s historical performance and ongoing development efforts are positive indicators, the market remains unpredictable.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
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🚀🐕 Shiba Inu's on a roll! CoinGate, a top blockchain payment processor, has now added #SHIB as a payment option. They've integrated it with Polygon and Binance Smart Chain, making it easier for you to use your $SHIB.
💸 Fancy booking an Airbnb or grabbing the latest PS5 games with your SHIB? Now you can! CoinGate's move comes as SHIB's price sees a healthy uptick, with its market cap nearing a whopping $14 billion.
🔁 Remember, Nexo and other big crypto names like Binance, Kraken, and Coinbase have already embraced the meme coin.
💬 What's your take on this? Are you ready to spend your SHIB? Let us know in the comments! #DeFi #Web3
💸 Fancy booking an Airbnb or grabbing the latest PS5 games with your SHIB? Now you can! CoinGate's move comes as SHIB's price sees a healthy uptick, with its market cap nearing a whopping $14 billion.
🔁 Remember, Nexo and other big crypto names like Binance, Kraken, and Coinbase have already embraced the meme coin.
💬 What's your take on this? Are you ready to spend your SHIB? Let us know in the comments! #DeFi #Web3
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📣 Shiba Inu Can Now Be Used to Buy Nike, PS5, and Book Airbnb
CoinGate, a fintech company based in Lithuania, has boosted the utility of Shiba Inu (SHIB) by integrating it with Polygon and Binance Smart Chain (BSC).
This strategic move allows SHIB holders to purchase products from major brands like Nike and book services like Airbnb.
🔸 Shiba Inu Price Consolidates Despite Growing Adoption
The payment gateway CoinGate acts as a link between crypto and traditional finance, facilitating digital asset transactions for goods and services. The inclusion of SHIB tokens on these platforms enhances accessibility and presents numerous opportunities for SHIB holders to participate in real-world transactions.
💬 “Shibarmy, use your SHIB to book Airbnb, grab the latest games from Steam & PS5, refresh your wardrobe with Nike & Zalando and more,” CoinGate wrote.
Moreover, Shiba Inu is not just expanding its transactional use. It is trying to evolve beyond its meme coin origins. The launch of Shibarium, an Ethereum layer-2 scaling solution, represents a significant step forward in improving blockchain efficiency.
This update includes a major hard fork completed earlier this month, which is expected to result in faster transactions and more stable gas fees, enhancing the overall user experience.
In April, the Shiba Inu team also made headlines by raising $12 million to develop a new layer-3 blockchain. This fundraising attracted significant contributions from notable investors, including Polygon Ventures, Mechanism Capital, and Animoca Brands, highlighting the growing confidence in SHIB’s potential.
Despite these advancements, the price of SHIB has been consolidating. Since May 7, it has fluctuated between $0.00002379 and $0.00002227. A breakout could propel the price to $0.00002558, marking an increase of over 13% from current market price.
$SHIB #SHIB
CoinGate, a fintech company based in Lithuania, has boosted the utility of Shiba Inu (SHIB) by integrating it with Polygon and Binance Smart Chain (BSC).
This strategic move allows SHIB holders to purchase products from major brands like Nike and book services like Airbnb.
🔸 Shiba Inu Price Consolidates Despite Growing Adoption
The payment gateway CoinGate acts as a link between crypto and traditional finance, facilitating digital asset transactions for goods and services. The inclusion of SHIB tokens on these platforms enhances accessibility and presents numerous opportunities for SHIB holders to participate in real-world transactions.
💬 “Shibarmy, use your SHIB to book Airbnb, grab the latest games from Steam & PS5, refresh your wardrobe with Nike & Zalando and more,” CoinGate wrote.
Moreover, Shiba Inu is not just expanding its transactional use. It is trying to evolve beyond its meme coin origins. The launch of Shibarium, an Ethereum layer-2 scaling solution, represents a significant step forward in improving blockchain efficiency.
This update includes a major hard fork completed earlier this month, which is expected to result in faster transactions and more stable gas fees, enhancing the overall user experience.
In April, the Shiba Inu team also made headlines by raising $12 million to develop a new layer-3 blockchain. This fundraising attracted significant contributions from notable investors, including Polygon Ventures, Mechanism Capital, and Animoca Brands, highlighting the growing confidence in SHIB’s potential.
Despite these advancements, the price of SHIB has been consolidating. Since May 7, it has fluctuated between $0.00002379 and $0.00002227. A breakout could propel the price to $0.00002558, marking an increase of over 13% from current market price.
$SHIB #SHIB
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🔥🚀Shiba Inu 125% Price Increase Predicted: Here's When
#ShibaInu is currently trading around the 0.00002213 price range on Monday and is down 2% in the day’s trade. #SHIB rallied in Q1 of 2024 and surged by nearly 280% between January to March this year. The spike in price came on the heels of the Bitcoin halving event where BTC touched a new all-time high of $73,737 mid-March.
May April Shiba Inu, however, has lost most of its gains from April to May and is trading on the back burner. This development allows investors to accumulate SHIB at lower prices before the next rise. A leading price forecasting firm has predicted that the SHIB could increase by another 125% in the coming months.
Shiba Inu: It is Estimated that the SHIB Will Increase by 125%
Finder's panel of cryptocurrency experts remains bullish on Shiba Inu and its future price prospects. Finder has revised its forecast that SHIB may increase by another 125% in the coming months. According to the price estimate, the SHIB could reach a level as high as $ 0.00004930, and the tentative timeline given is 2025.
Therefore, if Finder's prediction turns out to be correct, a $10,000 investment made today could increase to $22,500. This means another 12 to 18 months from today for the return on investment (ROI) to reach more than double the price.
Read here to find out a realistic price forecast for when SHIB may reach the 3 Cents milestone. Investors are eagerly waiting for the token's price to increase and provide them with the profit they have always desired. The majority of Shiba Inu investors believe that SHIB is a tool that can bring them millions in profits.
The owners are waiting for the long term and believe that SHIB will be able to repeat Dogecoin's rally in 2021. When this happens, today's Shiba Inu investors can turn into millionaires and live a life of financial comfort.
#memecoins #binance
May April Shiba Inu, however, has lost most of its gains from April to May and is trading on the back burner. This development allows investors to accumulate SHIB at lower prices before the next rise. A leading price forecasting firm has predicted that the SHIB could increase by another 125% in the coming months.
Shiba Inu: It is Estimated that the SHIB Will Increase by 125%
Finder's panel of cryptocurrency experts remains bullish on Shiba Inu and its future price prospects. Finder has revised its forecast that SHIB may increase by another 125% in the coming months. According to the price estimate, the SHIB could reach a level as high as $ 0.00004930, and the tentative timeline given is 2025.
Therefore, if Finder's prediction turns out to be correct, a $10,000 investment made today could increase to $22,500. This means another 12 to 18 months from today for the return on investment (ROI) to reach more than double the price.
Read here to find out a realistic price forecast for when SHIB may reach the 3 Cents milestone. Investors are eagerly waiting for the token's price to increase and provide them with the profit they have always desired. The majority of Shiba Inu investors believe that SHIB is a tool that can bring them millions in profits.
The owners are waiting for the long term and believe that SHIB will be able to repeat Dogecoin's rally in 2021. When this happens, today's Shiba Inu investors can turn into millionaires and live a life of financial comfort.
#memecoins #binance
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Decilizer
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Bullish
$SHIB is standing tall, riding the wave of $BTC's bullish momentum. Who knows, it might remove a zero soon! And hey, keep an eye on $PEPE and $BONK , they're strapping in for the rally too!
In the past, it has generated 470% profit.
#altcoins #BTC
In the past, it has generated 470% profit.
#altcoins #BTC
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$SHIB
How much will you get for $100 if your Shiba Inu hits $0.001?
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 4,000% upside to reach $0.001.
While such a rally is entirely possible for the asset, it remains likely given the current bull market market conditions. The Shiba Inu community has welcomed the emergence of several projects, including Shibakal and Shibarium, which aim to provide benefit.
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 reclaiming $0.00008845 than reaching $0.00008845. to 0.001 USD. However, if SHIB regains ATH, a $100 investment would yield $400
At the current price of $0.00002344, $100 would give you $4,134,444. If SHIBA INU reaches $0.0001, $100 will be $4,134
Remember to follow, like and support
How much will you get for $100 if your Shiba Inu hits $0.001?
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 4,000% upside to reach $0.001.
While such a rally is entirely possible for the asset, it remains likely given the current bull market market conditions. The Shiba Inu community has welcomed the emergence of several projects, including Shibakal and Shibarium, which aim to provide benefit.
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 reclaiming $0.00008845 than reaching $0.00008845. to 0.001 USD. However, if SHIB regains ATH, a $100 investment would yield $400
At the current price of $0.00002344, $100 would give you $4,134,444. If SHIBA INU reaches $0.0001, $100 will be $4,134
Remember to follow, like and support
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🚨 Breaking: $VANA Launching Soon on Binance!
Binance has announced its 62nd Launchpool project – VANA! Starting December 14, 2024, users can lock their BNB and FDUSD to farm VANA tokens via airdrops for two days.
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Get ready to farm and trade $VANA on Binance – this could be the next big opportunity!
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