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Shiba Inu is currently flirting with its 50-day exponential moving average (EMA) at $0.00002486, currently trading for $0.00002470 amid the ongoing market uncertainty. SHIB is currently down 19.68% this month, but optimism among market watchers remains high. As a result, price projections to audacious targets have prevailed despite SHIB’s current downward trajectory. One of the catalysts behind the sustained confidence is Shiba Inu’s ability to close last month with an impressive 144.75% increase, holding firm above $0.000030. Earlier this month, The Crypto Basic spotlighted a report from crypto exchange platform projecting timelines for Shiba Inu to reach $0.0002, $0.002 and $0.02. According to Changelly analysts, SHIB could reach $0.02 by December 2040, essentially 24 years later. If this materializes, investors eyeing various profit margins must strategize accordingly. For those aiming for a $50,000 gain, they would need to hold 2.5 million SHIB, entailing an initial investment of around $61 based on current prices. Achieving a $100,000 return would necessitate doubling that amount, totaling 5 million. SHIB. This equates to $123 at present rates. Meanwhile, to hit the $250,000 mark, investors would need a substantial investment of about 12.5 million SHIB, worth $308 at prevailing rates. It bears mentioning that Shiba Inu recorded a massive 884,400% rally from January to October 2021 shortly after the Bitcoin halving of that year. This rally saw it hit $0.00008845. If it replicates this trajectory following the latest halving, it could reach $0.19, according to a report from The Crypto Basic. In this scenario, the investment landscape shifts significantly. Investors targeting a $50,000 profit would require a meager 263,157 SHIB, commanding an initial investment of approximately $6.5. Doubling the investment for a $100,000 return would entail holding 526,315 SHIB, reflecting an initial investment of roughly $13 at current market rates. Finally, to reach the coveted $250,000 mark, investors would need a notable 1,282,051,282 SHIB$
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As the cryptocurrency market's value dropped from $2.34 trillion to $2.20 trillion, the crypto bulls began to lose control. Following massive million-dollar liquidations in the past few days, an additional $470 million was liquidated. The price of Bitcoin fell to $57,000 on Wednesday, down 9% in 24 hours and 13% in a week. The Crypto Fear and Greed Index also dropped from 67 (greed) to 54 (neutral) in a day. Investors predict that the BTC price will drop further to $47,000. How did this happen? If information is use full never forget to give a tip...... $BTC
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