Million

Shiba Inu

<html>
 <head></head>
 <body>
 <figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
 </figure> 
 The Shiba Inu token, SHIB, has witnessed an astounding rise in market capitalization, soaring by half a billion dollars in less than 30 days, according to data from <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>. This meteoric surge can be largely attributed to the impressive growth in the token's price, defying expectations following a significant 31% plunge in a single day. 
 <img alt="" data-entity-type="file" data-entity-uuid="a3034bc7-1fae-4360-bbbb-2d80bc2e70b9" src="https://u.today/sites/default/files/inline-images/SHIB_1M_graph_coinmarketcap_1.jpeg">Source: <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
 The remarkable resilience displayed by <a href="https://u.today/whales-move-542-million-shib-ahead-of-upcoming-shibarium-launch" rel="noopener noreferrer nofollow">SHIB</a> holders has paid off handsomely, as the token's price experienced a truly bullish reversal, recovering nearly 100% of its previous crash. 
 <a href="https://u.today/shiba-inu-vs-24-trillion-shib-resistance-who-will-prevail" rel="noopener noreferrer nofollow">card</a> 
 Now boasting a market capitalization exceeding $4.4 billion, the <a href="https://u.today/shiba-inu-shib-fails-to-break-free-bears-reign-supreme-price-retracing" rel="noopener noreferrer nofollow">Shiba Inu token</a> has secured a coveted position among the top 20 largest digital assets on the market. 
 <h2 id="what-lies-ahead-for-shiba-inu-shib">What lies ahead for Shiba Inu (SHIB)?</h2> 
 Currently, SHIB finds itself in an intriguing phase of consolidation, depicted on the chart as a hovering accumulation. Buyers diligently protect the token's price from dipping below the $0.000007 mark, while sellers staunchly resist its ascent beyond $0.0000078. 
 <img alt="" data-entity-type="file" data-entity-uuid="704e54b4-0aa9-473a-b56b-bf4e4c6b9982" src="https://u.today/sites/default/files/inline-images/SHIBUSDT_2023-07-12_17-31-23.png">Source: <a href="https://www.tradingview.com/x/Tbfin6Lg/" rel="noopener noreferrer nofollow">TradingView</a> 
 The outcome of this tug-of-war will determine the future trajectory of SHIB. Key factors that will influence this battle are the fundamental developments surrounding Shiba Inu, particularly the advent of <a href="https://u.today/this-shibarium-project-unleashes-ambitious-vision-for-shiba-inu-token" rel="noopener noreferrer nofollow">Shibarium</a>, and broader market dynamics. Analyzing these factors will provide valuable insights into the future path of the SHIB price. 
 <a href="https://u.today/this-shibarium-project-unleashes-ambitious-vision-for-shiba-inu-token" rel="noopener noreferrer nofollow">card</a> 
 Nonetheless, time appears to be favoring sellers, as the absence of positive developments in these two critical areas may yield an inevitable outcome.
 </body>
</html>

Shiba Inu Eyes Explosive Surge by $500 Million in Market Cap: What's Next for SHIB?

Table of Contents

U.Today

Other articles published on Jul 12, 2023

Starknet Deployed Quantum Leap Upgrade

Ver. 0.2.22 Patch Notes — UI Updates to Keep it Neat & Tidy

Bank of England Closing Down Accounts of People, Analysts Call for Rejection of CBDCs -Monero, ZC...

Crypto Developments in Asia: Analyzing Expert Opinions

Announcing the launch of the Random Track NFT exchange page

BREAKOUT Confirmed: COMP/USDT Signals Strong Bullish Trend! Potential Retracement Expected

Join our free newsletter for daily crypto updates!