Shiba Inu

<p><strong>Shiba Inu (SHIB), a prominent Ethereum (ETH)-based meme coin, is gearing up for a potential rise towards its all-time high (ATH). With a market cap of approximately $25 billion, SHIB remains highly popular, boasting a daily trading volume of around $653 million.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>However, its price against the US dollar has encountered resistance around $0.000029 over the past two months. Consequently, some swing <a href="https://cryptosheadlines.com/meme-coin-traders-earned-2-million-in-pepecoin-pepe-price-surge/" rel="noopener noreferrer nofollow">traders have turned their attention to more volatile meme coins</a>, including politically themed projects like MAGA.</p><h3 id="shiba-inu-shib-on-chain-analysis-and-price-outlook">Shiba Inu (SHIB) On-Chain Analysis and Price Outlook</h3><p>According to on-chain data from Glassnode, over the past two weeks, more than 4 trillion SHIB tokens, valued at over $103 million, have been deposited across various cryptocurrency exchanges in anticipation of profit-taking.</p><p>Last week, the <a href="https://cryptosheadlines.com/significant-1000-surge-in-shiba-inu-shib-burn-rate-suggests-potential-price-rebound/" rel="noopener noreferrer nofollow">price of Shiba Inu against the US dollar suggested</a> that buyers were struggling to drive up the meme coin’s value, a trend that has continued into this week.</p><p>As a result, analysts anticipate that <a href="https://cryptosheadlines.com/shiba-inu-shib-price-correction-leads-to-whale-exodus/" rel="noopener noreferrer nofollow">Shiba Inu’s price may retest its recent correction</a> bottom around $0.000018 before potentially rallying towards $0.000080. This target aligns with the weekly 1.618 Fibonacci Extension level.</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/06/Screenshot_5.png?resize&#61;640%2C525&amp;ssl&#61;1" /></p><p>Source: <a href="https://x.com/ali_charts/status/1796477469022728661" rel="noopener noreferrer nofollow">X</a></p><h3 id="shibarium-boosts-shiba-inu-ecosystem">Shibarium Boosts Shiba Inu Ecosystem</h3><p>The <a href="https://cryptosheadlines.com/upcoming-releases-in-shiba-inu-ecosystem/" rel="noopener noreferrer nofollow">Shiba Inu ecosystem</a> has seen significant advancements thanks to Shibarium, its layer two scaling solution. Currently, Shibarium boasts a total value of approximately $2.4 million and hosts major DeFi platforms like WoofSwap, ChewySwap, DogSwap, and MARSWAP.</p><p>In recent updates to Shibarium, the <a href="https://cryptosheadlines.com/shiba-inu-developers-tease-upcoming-changes/" rel="noopener noreferrer nofollow">Shiba Inu development</a> team has reduced the time required to bridge BONE tokens via the Ethereum bridge from seven days to just 45 minutes. These improvements aim to enhance efficiency and user experience within the ecosystem.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

Shiba Inu (SHIB) Readies for Bullish Breakout: Details Inside

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