Here are three main factors that could help Shiba Inu (SHIB) achieve the $0.01 target.

Read more on: https://thecryptobasic.com/2024/02/19/here-are-3-factors-that-can-push-shiba-inu-to-0-01/
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Following a partnership with LSD K9 Finance, the Shiba Inu community revealed the upcoming KNINE launch amid Shiba Inu's price drop.STORY HIGHLIGHTSShiba Inu's LUCIE spotlighted the imminent KNINE launch.KNINE aims to facilitate BONE staking on Shibarium.Shiba Inu price noted a drop today, contrasting the community's advancements.In a significant gust of developments witnessed across the Shiba Inu ecosystem recently, LUCIE, the meme coin’s marketing lead, revealed the community’s plans to launch KNINE, a liquid staking derivatives token, on Shibarium shortly ahead. This comes as a result of Shiba Inu’s recent partnership with K9 Finance, a DeFi platform leveraging the Shiba Inu L2, Shibarium.As reported by Coingape media earlier this month, Shiba Inu’s partnership with K9 zeroes in on facilitating seamless BONE staking on Shibarium. Now, with the community’s plans to launch KNINE on March 7, 2024, Shibarium readies itself as a plethora of new features await amalgamation onto the L2.Meanwhile, SHIB’s price noted a drop as of press time after showcasing remarkable jumps yesterday. The price movement appears to be contrasting the staggering advancements showcased by Shiba Inu’s community, fueling speculations over its run to $0.00001 ahead.KNINE Launch Rides The Predominant Wave Of DevelopmentsIntriguingly, SHIB’s community unveiled a storm of breakthroughs for the meme coin’s ecosystem in recent days, nabbing substantial attention across the global crypto realm. Among these developments, the partnership with K9 Finance comes as a revolutionary measure to facilitate seamless BONE staking on Shiba Inu’s L2 Shibarium. However, even with the KNINE launch surfacing across the crypto horizon today, February 17, the BONE token traded in the red, dropping considerably.In the interim, developments like the upcoming ERC-404 SHEboshi, Shiboshis utility, and Marswap integration also emerged in the market, showcasing the community’s efforts to jack up the SHIB tokenomics.Nonetheless, even Shiba Inu’s price took a bearish turn today, contrasting the ecosystem’s advancements.Shiba Inu Price DropsAs of writing, the Shiba Inu price portrayed a noteworthy drop of 2.21% over the past 24 hours and is currently trading at $0.00000976. Notably, the token showcased a remarkable upward movement yesterday, nearing the $0.00001 mark, propelling optimism in the market. However, with the charts taking a bearish turn today, crypto market enthusiasts appear to be eyeing the token extensively. The derivatives data for the token further illustrated a bearish climate in the market as SHIB’s open interest recorded a drop.Nevertheless, with the community showcasing significant efforts, including SHIB burn, SHEboshi integration, and many others in the works- as per The Shib magazine, an upward movement for the meme coin is much expected within the market, with the imminent surpassing of $0.00001 mark ahead.#Write2Earn #Osmy_CryptoT #ShibaPriceAnalysis #dyor

The price of Shiba Inu could get a significant boost amid activity on Shibarium, the project’s layer-2 network.

Read more on: https://thecryptobasic.com/2024/02/20/shiba-inu-could-surge-above-0-00001-amid-boost-from-shibarium-and-defi-activity/
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Shiba Inu is projected to soar to lofty price targets, including 50 cents, as community enthusiasm remains unfazed.

Read more on: https://thecryptobasic.com/2024/02/21/shiba-inu-shib-price-to-50-cents-heres-a-potential-timeline/
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Shiba Inu Coin price analysis: SHIB sees a promising uptrend, breaking the $0.0000095 resistance, with an increase in burn rate and bullish technical indicators.STORY HIGHLIGHTSThe current Shiba Inu Coin price is $0.000009559, showing a 2% daily increase.The token burn rate has spiked, with 86,115,940 SHIB burned recently.Technical indicators suggest bullish momentum, showing positive trends.Shiba Inu Coin price analysis: SHIB has recently seen a significant uptick in its market performance, showcasing an impressive rally in the last month. The meme-based cryptocurrency breached the resistance level of $0.0000095, signifying a strong bullish momentum. At the time of writing, the price of Shiba Inu Coin is at $0.000009559, reflecting a growth of 2% in the past 24 hours.Shiba Inu Coin Price Analysis: What’s Behind Recent Market Surge?Over the past Two weeks, SHIB witnessed a notable appreciation, with its value increasing by more than 5%, moving from $0.0000088 to its current stance above $0.0000095. This upward trend highlights a robust confidence from the investment community.Notably, on February 15, Shiba Inu Coin surged to retake the $0.00001 mark, a milestone it had yet to reach in the preceding month, before experiencing a slight pullback to $0.00000930 after attempting to sustain its position above this key levelThe current market capitalization of Shiba Inu Coin sits at $5.62 billion, placing it as the 17th largest cryptocurrency per CoinMarketCap data. Despite a 27% drop in its 24-hour trading volume, now at $167 million, the enthusiasm among traders and investors for Shiba Inu remains visible, signaling a sustained interest in its market performance.Shiba Inu Coin Price Analysis: SHIB Burn Fuels OptimismThe Ethereum-based meme coin has experienced a notable increase in its token destruction rate over the last day, as reported by Shibburn. The burn rate of Shiba Inu (SHIB) tokens has dramatically risen, increasing 8,511.59%, with a staggering 86,115,940 SHIB tokens being permanently removed from circulation. This upsurge in tokens sent to dead wallets has injected a renewed sense of optimism into the market’s view of the meme coin.The rate at which Shiba Inu tokens are burned is critical for assessing the token’s capacity for significant growth or recovery. As SHIB hovers near the $0.00001 resistance level, the recent boost in the burn rate plays a pivotal role. It aims to consolidate market bullish efforts to achieve set growth objectives, suggesting a strategic move to enhance the coin’s value and scarcity.Technical Indicators Signal Strong Momentum for SHIBShiba Inu Coin is currently at a crucial juncture, facing the $0.00001 resistance level. Surpassing this barrier could pave the way for further gains, reaching up to $0.000015 or even the optimistic $0.0001 mark. However, a dip below $0.000009 could reverse the bullish forecast, pushing the coin toward the $0.0000080 support level.Technical indicators support the optimistic outlook for Shiba Inu Coin. The Relative Strength Index (RSI) is at a moderately neutral 52, tilting towards an overbought condition, which suggests bullish momentum. The Chaikin Money Flow index stands at 0.19, indicating a positive inflow of money into the asset. The 20 Exponential Moving Average (EMA) and the 50-EMA add to the bullish sentiment surrounding the coin.#Write2Earn #TrendingTopic #ShibaPriceAnalysis #Osmy_CryptoT #dyor