The post Shiba Inu On The Verge of Shedding Another Zero From its Price, Positive Sign for SHIB Army appeared first on Coinpedia Fintech News Excitement runs high within the Shiba Inu (SHIB) community as the possibility of SHIB shedding another zero looms on the horizon. Priced a...
Excitement runs high within the Shiba Inu (SHIB) community as the possibility of SHIB shedding another zero looms on the horizon. Priced at $0.00000794 currently, SHIB needs to stage a roughly 25.5% surge to reach the $0.00001 mark.
Reducing Another Zero From it’s Price
The Shiba Inu (SHIB) cryptocurrency is on the verge of a significant milestone, closely watched by the community as it aims to trim one more zero from its current price of $0.00000794.
The last time SHIB was above $0.000001 was back in August. Back then, SHIB saw a significant increase in its price, and it was a time when many regular investors and the wider crypto community noticed it.
However, it’s important to note that SHIB’s current price is down over 90% from its all-time high.
SHIB’s Volume Drop: Bullish Hint?
If the majority of orders are for buying, even with lower overall volume, it points to a net positive buying sentiment. This can lead to higher prices because there’s more demand than supply.
Another interesting thing is that even though fewer people are trading SHIB, the price hasn’t dropped. Instead, it’s been going up, showing that more people want to buy than sell.
Factors Powering SHIB’s Rise
Several factors have propelled SHIB’s rise, including mounting interest from retail investors, increased media coverage, and speculative trading.
Nevertheless, much of the excitement surrounding SHIB stems from the imminent announcements by its development team. Shytoshi Kusama, a prominent figure in the SHIB community, has teased “significant changes” on the horizon.
The official Shiba Inu X Twitter account has echoed this sentiment, with full details set to be unveiled on October 31.