Shiba

Ethereum

Shiba Inu

Trillion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
As <a href="https://u.today/shiba-inu-skyrockets-1590-in-key-metric-as-whales-dive-in-to-save-shib-price" rel="noopener noreferrer nofollow">Shiba Inu</a> progresses in its journey, the dog-themed cryptocurrency faces a financial frontier: reaching a break-even price of $0.00005.
This target is not just a number — it represents the collective hope and determination of the Shiba Inu community to see their beloved token rise to new highs. To achieve this break-even point, a staggering 106 trillion SHIB tokens need to align with the price goal of $0.00005.
The Break Even Price indicator from <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> provides an aggregate of holders' realized gains and losses for a particular crypto asset. For addresses that have realized losses, the price would have to increase to the specified price range for these holders to break even on their positions. <img alt="IntoTheBlock" data-entity-type="file" data-entity-uuid="8dc9ad1d-ebac-40e7-b875-dc8e70fcee0b" src="https://u.today/sites/default/files/inline-images/18052024%200000.PNG"><a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Break Even Price, Courtesy: IntoTheBlock</a>
According to this indicator, 308,180 addresses hold 106.54 trillion SHIB at a loss between $0.000026 and $0.000051, with an average price of $0.000034.
This suggests that over 308,000 Shiba Inu addresses would require SHIB to rise to $0.000051 to break even. Given the current market dynamics, this is no easy task, requiring a confluence of market forces and investor sentiment.
<h2 id="shib-to-0-00005">SHIB to $0.00005?</h2>
As of now, SHIB’s price hovers around $0.000025, with a market capitalization of $14.59 billion, ranking it 11th among top cryptocurrencies by market value. The move to $0.00005 would represent a substantial increase of over 100%, which raises questions about what might drive such a surge.
In the very short term, Shiba Inu faces a stiff barrier at the daily SMA 50 near $0.000025. A break above this crucial level may be required for SHIB to exit its current trading range and revisit highs at $0.000030 and $0.000032.
If a breakout above this key barrier fails, Shiba Inu might persist in its current range with support near $0.000018 and $0.00002 for some time.
As eyes are peeled on where Shiba Inu price trends next, the Shiba Inu <a href="https://u.today/crucial-airdrop-warning-issued-to-shiba-inu-shib-community" rel="noopener noreferrer nofollow">development</a> team continues to build. ShibaSwap launched on Shibarium this week, allowing users to create new liquidity pools and perform cross-swaps between Ethereum and Shibarium.

Shiba Inu Targets $0.00005: Can 106 Trillion SHIB Break Even?

Table of Contents

U_Today

Other articles published on May 18, 2024

Crypto Whales Abandon Retik Finance! BlockDAG Presale Update Ignites $1M Daily Sales Surge - What...

Here are Bitcoin’s new levels to watch as bulls prepare to break resistance

Altcoins Poised to Explode in May

Bitcoin pool mines seven blocks in a row, raises security concerns

Web3, Blockchain, and Crypto Weekly Update: Major News, Market Trends, and Key Insights

Analyst Predicts Significant Rally for AI Altcoin in Coming Months

Join our free newsletter for daily crypto updates!