Shiba

Rally

2024

Shiba Inu

<img width="1200" height="600" src="https://coingape.com/wp-content/uploads/2024/01/shibshibnetwork-e1707500963690.png" class="attachment-full size-full wp-post-image" alt="Shiba Inu Price Prediction" decoding="async" style="float:right; margin:0 0 10px 10px;">
Shiba Inu Price Prediction: SHIB, a prominent meme coin, has recently shown signs of recovery. Its value increased by 2% over the last 24 hours. This rise pushed <a href="https://coingape.com/price/shiba-inu/">Shiba price</a> to $0.000009365. The increase occurs amid a general 3% upturn in the cryptocurrency market. Over the last week, Shiba Inu’s value has risen by 3%. Over the past two weeks, it has seen a 6% increase, indicating a bullish trend. 
<h2 id="strong-shiba-inu-price-prediction-analyzing-recent-fluctuations-strong">Shiba Inu Price Prediction: Analyzing Recent Fluctuations</h2> 
Despite these gains, the coin has faced a 30% decline over the past year. This decline contrasts with the significant gains seen by many major cryptocurrencies. Over the last week, SHIB’s price fluctuated between $0.000008 and $0.000009. This range indicates a lateral movement within narrowing trend lines. 
Shiba Inu’s market capitalization now stands at approximately $5.5 billion. This valuation ranks it as the 17th largest cryptocurrency, according to <a rel="nofollow" href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>. Its 24-hour trading volume has experienced a 21% decrease, reaching $128 million. This increase in market value reflects a growing interest from traders in the coin. 
<figure id="attachment_179520" aria-describedby="caption-attachment-179520" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/Shiba-Inu-Price-Prediction.png"><img decoding="async" class="wp-image-179520 size-large" src="https://coingape.com/wp-content/uploads/2024/02/Shiba-Inu-Price-Prediction-1224x643.png" alt="" width="1224" height="643"></a>
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 Shiba Inu Price Prediction
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In December 2023, <a href="https://coingape.com/markets/shiba-inu-coin-price-prediction-is-shib-a-good-investment-in-2024/">Shiba Inu’s</a> price surpassed the $0.000010 mark, reaching a yearly high. Since then, its price has mostly remained below $0.000008. However, in the last 24 hours, SHIB has rallied, breaking through the $0.0000093 resistance level. 
<h2 id="strong-shiba-inu-price-prediction-shibarium-s-impact-and-technical-indicators-strong">Shiba Inu Price Prediction: Shibarium’s Impact&nbsp; and Technical Indicators</h2> 
Shiba Inu’s Shibarium, a layer 2 scaling solution, has processed over 334 million transactions. It has also facilitated the creation of 1.35 million unique wallets. Shibarium’s infrastructure, featuring a rapid 5-second block time, ensures minimal transaction fees. These advancements have sparked optimism in the <a href="https://coingape.com/shiba-inu-team-voices-optimism-over-shibariums-new-partner-bone-price-soars-9/">SHIB</a> market. Investors are now more confident about the coin’s prospects. Shibarium’s ability to improve transaction efficiency and reduce costs has been a major factor in this optimism. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 BREAKING NEWS<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/203c.png" alt="‼" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a>, Shiba Inu's layer 2 scaling solution <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw">#Shibarium</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">hits 3 million blocks <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">334 million transactions <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">1.35 million wallets <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">5-second block time and near-zero fees 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">Like&amp;RT<a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw">#ShibaInu</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#blockchain</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>&nbsp;&nbsp; <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a>&nbsp;&nbsp; <a href="https://twitter.com/hashtag/NFT?src=hash&amp;ref_src=twsrc%5Etfw">#NFT</a> <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocurrency</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw">#Web3</a> <a href="https://t.co/MbaJwe9UCO">pic.twitter.com/MbaJwe9UCO</a> 
 — ShibariumGem (@Shibariumgem) <a href="https://twitter.com/Shibariumgem/status/1755857059768406099?ref_src=twsrc%5Etfw">February 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The current bullish trend in the Shiba Inu market could soon see the cryptocurrency test the $0.000009 resistance level again. If this positive trend continues, SHIB could reach the $0.00001 mark. This would indicate a significant recovery and strength. A continued bullish trend could even push SHIB to the $0.0001 level. However, failing to overcome this critical resistance could lead to a decline. In such a scenario, the $0.000008 level would become a key support zone for SHIB. 
<figure id="attachment_179521" aria-describedby="caption-attachment-179521" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-09_20-45-59.png"><img decoding="async" class="size-full wp-image-179521" src="https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-09_20-45-59.png" alt="Shiba Inu Price Prediction" width="1154" height="652" srcset="https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-09_20-45-59.png 1154w, https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-09_20-45-59-300x169.png 300w, https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-09_20-45-59-768x434.png 768w, https://coingape.com/wp-content/uploads/2024/02/SHIBUSD_2024-02-09_20-45-59-150x85.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-179521" class="wp-caption-text">
 Shiba Inu price chart: <a rel="nofollow" href="https://www.tradingview.com/x/gHskZD1E/">Tradingview</a>
 </figcaption>
</figure> 
The daily technical indicators suggest a bullish trend for SHIB in the near future. Most moving averages and oscillators are signaling a buy. This indicates a bullish market. The Relative Strength Index is neutral at 53. However, expected bullish momentum could soon push it into overbought territory. The Average Directional Index also indicates a positive outlook at 21. This suggests a bullish outcome for SHIB. 
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The post <a href="https://coingape.com/markets/shiba-inu-price-prediction-can-shib-rally-to-0-0001-with-shibariums-growing-popularity/">Shiba Inu Price Prediction: Can SHIB Rally To $0.0001 with Shibarium’s Growing Popularity?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Shiba Inu Price Prediction: Can SHIB Rally To $0.0001 with Shibarium’s Growing Popularity?

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