Shiba

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<p>The SHIB community is abuzz with excitement following recent activity involving the Shiba Inu token (SHIB). This activity, while not guaranteeing a dramatic price increase, is believed to have a positive <a href="https://insidebitcoins.com/investing/long-term-investments">long-term</a> impact on the value of the meme coin by reducing the total number of tokens in circulation.</p> 
<p>Shiba Inu even joined the market rally, jumping 5% in just one day. This begs the question: Could this be the start of a bullish trend?</p> 
<h2 id="shiba-inu-shib-price-analysis">Shiba Inu (SHIB) price analysis</h2> 
<p>Fueled by both community efforts and recent comments from Vitalik Buterin, the co-founder of Ethereum, Shiba Inu is experiencing a renewed wave of interest. Buterin’s remarks, made on March 27th, 2024, sparked discussions about the token’s potential beyond its meme coin origins.</p> 
<p><iframe title="SHIBA INU PRICE | SHIBA INU NEWS - Is It MEME COIN Season?!" width="640" height="360" src="https://www.youtube.com/embed/ZuGSXd7mZ1k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<p>One key aspect of this potential lies in the ongoing token-burning efforts. The recent burning of 51 million SHIB tokens and the community’s efforts to burn over 410.7 billion SHIB in total contribute to a reduced overall supply.</p> 
<p>This deflationary mechanism, similar to what some argue gives Bitcoin value, could theoretically increase the value of SHIB over time. As&nbsp;of today, SHIB trades at $0.00003234 with a market capitalization of $17 billion and a daily trading volume of $1.5 billion.</p> 
<p>SHIB has encountered resistance at key price points like $0.00003118, $0.00003217, and $0.00003290. These levels have seen repeated attempts to break higher, but selling pressure has pushed the price back down. Bitcoin’s recent breakout could potentially influence SHIB’s trajectory.</p> 
<p><img decoding="async" class="alignnone size-full wp-image-496739" src="https://insidebitcoins.com/wp-content/uploads/2024/03/shiba-inu-price-analysis-graph.jpg" alt="Shiba Inu Price Analysis Graph" width="1920" height="1080" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/shiba-inu-price-analysis-graph.jpg 1920w, https://insidebitcoins.com/wp-content/uploads/2024/03/shiba-inu-price-analysis-graph-300x169.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/shiba-inu-price-analysis-graph-1024x576.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/shiba-inu-price-analysis-graph-768x432.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/03/shiba-inu-price-analysis-graph-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px"></p> 
<p>However, a retracement by Bitcoin to retest support levels around $76,000 to $77,000 might also impact SHIB’s movements.</p> 
<h2 id="shiba-inu-shib-price-prediction">Shiba Inu (SHIB) price prediction</h2> 
<p>SHIB is exhibiting a bullish trend on the daily timeframe, with analysts eyeing a potential breakout towards $0.000040. While there’s resistance to overcome, the overall trend is positive. However, external factors like Bitcoin’s movement can still introduce uncertainty to SHIB’s future price path.</p> 
<p>Closely observing SHIB’s price action and Bitcoin’s movements will be crucial to identifying potential breakouts or significant price changes. The ongoing token burn efforts, combined with the recent uptrend, suggest a potentially optimistic outlook for SHIB. However, remaining mindful of the resistance levels and the influence of Bitcoin is essential.</p> 
<p>As Shiba Inu gears up for a potential massive rally amid recent token activity, a new meme coin, inspired by Shiba Inu, has surged in popularity during its presale phase, reaching a remarkable $10 million and now entering its final phase.</p> 
<p class="query-text ng-star-inserted" dir="ltr">This presents a last-minute opportunity for investors to jump on board before the official launch. For those interested in exploring alternative options, we invite you to check out our comprehensive guide featuring the&nbsp;<a href="https://insidebitcoins.com/buy-cryptocurrency/best-altcoins">top altcoins</a>&nbsp;worth considering for investment in 2024.</p> 
<h2 id="dogecoin20-doge20">Dogecoin20 (DOGE20)</h2> 
<p><a href="https://insidebitcoins.com/visit/dogecoin20" rel="nofollow">Dogecoin20</a> leverages Ethereum’s smart contracts to offer a stake-to-earn feature, capitalizing on the growing popularity of <a href="https://insidebitcoins.com/investing/passive-income-ideas">passive income</a> generation in a volatile market. Early investors joining the presale can secure an annual percentage yield (APY) exceeding 100%.</p> 
<p>A dedicated <a href="https://insidebitcoins.com/cryptocurrency/crypto-staking">staking</a> dashboard provides clear instructions, making participation effortless—simply stake your tokens, withdraw them, claim rewards, and monitor the APY. This generous yield incentivizes the long-term holding of DOGE20 tokens, mitigating the impact of market swings.</p> 
<p>Staking not only benefits you financially but also contributes to a more robust and secure ecosystem. To demonstrate commitment, a significant portion of 15% of the total DOGE20 supply is allocated for staking rewards over two years, with 12.5% distributed to the community in the first year alone.</p> 
<p>For comprehensive instructions on&nbsp;<a href="https://insidebitcoins.com/buy-cryptocurrency/how-to-buy-dogecoin20">how to buy $DOGE20</a>, please refer to our detailed guide.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">When did you first get $DOGE20? 🤔🚀🐶<a href="https://twitter.com/hashtag/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#Memecoins</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/Cryptomemes?src=hash&amp;ref_src=twsrc%5Etfw">#Cryptomemes</a> <a href="https://t.co/nPzNlsxIk3">pic.twitter.com/nPzNlsxIk3</a></p> 
 <p>— Dogecoin20 (@DOGE_COIN20) <a href="https://twitter.com/DOGE_COIN20/status/1770737162713014399?ref_src=twsrc%5Etfw">March 21, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Transparency is paramount, as evidenced by the whitepaper, which outlines a clear token distribution strategy. A quarter of the supply supports marketing efforts, while 15% incentivizes token utilization through staking rewards, and 10% facilitates smooth trading on decentralized exchanges.</p> 
<p>Another quarter is allocated for the project’s treasury for long-term operations and future stability. The remaining portion was assigned to the presale, which successfully raised over $10 million and is now sold out. Nonetheless, there is still an opportunity for investors to join before official listings conclude.</p> 
<p><span style="background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)">To take part in the $DOGE20 presale, visit&nbsp;</span><a style="background-color: var(--bs-body-bg);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)" href="https://insidebitcoins.com/visit/dogecoin20" rel="nofollow">dogecoin20.io.</a></p> 
<h3 id="related">Related</h3> 
<ul> 
 <li><a href="https://insidebitcoins.com/news/shiba-inu-price-prediction-shib-surges-7-but-investors-rush-to-this-dogecoin-2-0-for-last-chance-to-buy">Shiba Inu Price Prediction: SHIB Surges 7% As Investors Flock To This Dogecoin 2.0 For Last Chance To Buy</a></li> 
 <li><a href="https://insidebitcoins.com/news/crypto-gains-dogecoin20-presale-review-last-chance-to-buy-before-doge20-claim-and-launch">Crypto Gains Dogecoin20 Presale Review – Last Chance to Buy Before $DOGE20 Claim and Launch</a></li> 
 <li><a href="https://insidebitcoins.com/news/shiba-inu-price-prediction-shib-pumps-13-as-the-dogecoin20-presale-offers-last-chance-to-buy-after-crazy-fast-10m-ico-sellout">Shiba Inu Price Prediction: SHIB Pumps 13% As The Dogecoin20 Presale Offers Last Chance To Buy After Crazy Fast $10M ICO Sellout</a></li> 
 <li><a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-plunges-8-but-the-unstoppable-dogecoin20-presale-blasts-past-6-million">Pepe Price Prediction: PEPE Plunges 8% As The Unstoppable Dogecoin20 Presale Blasts Past $6 Million – Sellout Expected In Days</a></li> 
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Shiba Inu Price Prediction – Could the Recent SHIB Token Burn Signal a Bullish Trend, or Is It Time to Consider Dogecoin20?

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