Shiba

2024

Shiba Inu

Coin

Shiba Inu Coin price forecast: SHIB has made headlines with its remarkable market rally recently, demonstrating a significant increase in value. Over the last month, this meme cryptocurrency surged from a modest $0.00001 to an impressive $0.00004. This leap brought it tantalizingly close to its all-time peak. Despite this upward trajectory, the last 24 hours saw a modest decline in <a href="https://coingape.com/price/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu Coin price</a>, down by more than 6%, to $0.00003127.
<figure id="attachment_184604" aria-describedby="caption-attachment-184604" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/03/SHIBUSD_2024-03-06_09-57-13.png" rel="noopener noreferrer nofollow"><img decoding="async" class="wp-image-184604 size-full" src="https://coingape.com/wp-content/uploads/2024/03/SHIBUSD_2024-03-06_09-57-13-e1709821845931.png" alt="Shiba Inu Coin Price Forecast: SHIB’s Climb To $0.0001 Imminent Amidst Meme Coins Rally?" width="1200" height="532"></a>
 <figcaption id="caption-attachment-184604" class="wp-caption-text">
 Shiba Inu Coin Price Forecast
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The rise in Shiba Inu Coin’s value is part of a broader trend among <a href="https://coingape.com/bonk-pepe-floki-shib-price-reversal-soon-meme-coin-party-to-end/" rel="noopener noreferrer nofollow">meme coins</a>. In the past week, several others, including PEPE, DOGE, and <a href="https://coingape.com/markets/is-dogwifhat-price-to-2-5-accumulation-hints-wifs-peak-is-yet/" rel="noopener noreferrer nofollow">WIF</a>, have also experienced significant gains. This wave of enthusiasm wasn’t isolated to meme coins alone. Bitcoin, the pioneer cryptocurrency, played a crucial role in boosting the value of various altcoins, including SHIB.
The Shiba Inu Coin, according to the latest figures from <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>, has achieved a market valuation of $5.62 billion, positioning it as the 17th most valuable digital currency. Its trading activity over the last 24 hours saw a significant dip, with volumes falling to $4.34 billion, a 65% decrease.&nbsp;
Throughout the past seven days, SHIB’s price fluctuated between $0.00001 and $0.000035. This indicates a lateral trend within narrow boundaries. The past fortnight marked a significant upswing for SHIB, as its value soared by over 200%. This surge underscores the growing trust and optimism among investors.
<h2 id="strong-shibarium-s-milestone-achievement-fuels-positive-outlook-strong">Shibarium’s Milestone Achievement Fuels Positive Outlook</h2>
Shibarium, the layer-2 scaling solution designed for the Shiba Inu ecosystem, has achieved an impressive feat by facilitating over 400 million transactions. This surge in activity coincides with a period known as “meme season,” during which the value of Shiba Inu witnessed an increase, soaring nearly 300% within just a few days.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Congratulation to everyone on <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shibarium</a> ! 400 M transactions! <a href="https://t.co/zVYJmgX98A" rel="noopener noreferrer nofollow">pic.twitter.com/zVYJmgX98A</a>
 — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9dc-1f3fc-200d-2640-fe0f.png" alt="🧜🏼‍♀️" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1765584552687173973?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 7, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Since its debut in late August 2023, <a rel="noopener noreferrer nofollow" href="https://www.shibariumscan.io/">Shibarium</a> has seen rapid adoption and growth, which is evident from the substantial numbers it has posted: over 3.5 million blocks and more than 400 million transactions to date.&nbsp;
Data from Shibarium Scan Explorer highlights these achievements, showcasing a total transaction count of 400,605,668 alongside a block tally of 3,546,814. Moreover, the platform now boasts 1,368,583 wallet addresses, indicating a growing interest and participation in the network.
<h2 id="strong-shiba-inu-coin-price-forecast-technical-indicators-point-to-continued-growth-strong">Shiba Inu Coin Price Forecast: Technical Indicators Point to Continued Growth</h2>
Currently, the <a href="https://coingape.com/markets/shiba-inu-coin-price-analysis-as-rally-fuels-optimistic-market-sentiment/" rel="noopener noreferrer nofollow">Shiba Inu coin</a> is at a pivotal point, challenging a resistance level of $0.000035. Breaching this level could potentially lead to further increases, potentially hitting $0.00005 or even reaching an optimistic $0.0001. Conversely, a decline below $0.00003 might negate the current positive outlook, directing the coin toward the $0.00002 support level.
<figure id="attachment_184607" aria-describedby="caption-attachment-184607" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/03/SHIBUSD_2024-03-07_17-33-28.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-184607" src="https://coingape.com/wp-content/uploads/2024/03/SHIBUSD_2024-03-07_17-33-28.png" alt="Shiba Inu Coin Price Forecast: SHIB’s Climb To $0.0001 Imminent Amidst Meme Coins Rally?" width="1154" height="622" srcset="https://coingape.com/wp-content/uploads/2024/03/SHIBUSD_2024-03-07_17-33-28.png 1154w, https://coingape.com/wp-content/uploads/2024/03/SHIBUSD_2024-03-07_17-33-28-300x162.png 300w, https://coingape.com/wp-content/uploads/2024/03/SHIBUSD_2024-03-07_17-33-28-768x414.png 768w, https://coingape.com/wp-content/uploads/2024/03/SHIBUSD_2024-03-07_17-33-28-150x81.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-184607" class="wp-caption-text">
 Shiba Inu Coin Price Forecast: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/qXkrUQue/">Tradingview</a>
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The meme-coin technical indicators show a bullish trend despite a slight pullback. The Relative Strength Index (RSI) is hovering around 82,&nbsp; indicating an overbought region. This suggests that Shiba Inu (SHIB) has seen strong buying interest recently, although the market could be due for a consolidation or a retracement as traders look to realize profits. The Awesome Oscillator (AO) indicates strong upward momentum and buying pressure as it stands positive.
The post <a href="https://coingape.com/markets/shiba-inu-coin-price-forecast-shibs-climb-to-0-0001-imminent-amidst-meme-coins-rally/" rel="noopener noreferrer nofollow">Shiba Inu Coin Price Forecast: SHIB’s Climb To $0.0001 Imminent Amidst Meme Coins Rally?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Shiba Inu Coin Price Forecast: SHIB’s Climb To $0.0001 Imminent Amidst Meme Coins Rally?

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