Dogecoin

Shiba Inu

<p>The crypto market seems to be stuck in a rut, moving sideways and seeking a direction. Shiba Inu’s prices are no exception as they have consolidated around the support price of $0.0000070. With everyone asking, what’s next for SHIB? Will its prices touch the much-anticipated $0.000010 mark? <strong>Let’s analyze in this Shiba Inu price prediction.</strong></p> 
<h2 id="h-what-is-shiba-inu-coin">What is Shiba Inu Coin?</h2> 
<p><a href="https://cryptoticker.io/en/can-shiba-inu-price-reach-10-cents-2/" target="_blank" rel="noreferrer noopener">Shiba Inu</a>, often referred to as SHIB, emerged as a decentralized meme token that grew into a vibrant ecosystem. Touted as a potential “Dogecoin killer,” this ERC-20 only token can remain well under a penny and still outpace Dogecoin in a small amount of time.</p> 
<h2 id="h-what-s-happening-to-cyptos-today">What’s happening to Cyptos today </h2> 
<p>The entire crypto landscape seems to be taking a breather, consolidating between a market cap of $1 trillion and $1.2 trillion. Currently, at $1.05 trillion, the indications are that prices should soon rebound to the higher end of this range.</p> 
<figure class="wp-block-image size-large">
 <a href="https://www.tradingview.com/x/KWKutt3m/" target="_blank" rel="https://www.tradingview.com/x/KWKutt3m/ noopener"><img loading="lazy" width="1814" height="770" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/TOTAL_2023-09-24_20-47-05.png" alt="" class="wp-image-119747"></a>
</figure>  
<h2 id="h-shiba-inu-price-analysis-why-is-shib-down">Shiba Inu Price Analysis: Why is SHIB Down?</h2> 
<p> SHIB prices touched $0.0000073 and have been demonstrating strong consolidation around this price. With a market cap of $4.3 billion, its 7-day performance shows a mild increase at +1.56%. However, the bearish sentiment is evident with a -2.28% performance in the past day. Notably, SHIB’s price movements have been significantly influenced by Bitcoin, which has also been consolidating since Q3 of 2023.</p> 
<h2 id="h-shiba-inu-price-prediction-how-high-can-shiba-inu-reach">Shiba Inu Price Prediction: How High can Shiba Inu reach?</h2> 
<p> Observing the broader crypto market, there are subtle signs of an impending bull run. Should this materialize, SHIB prices could also experience a northward journey, possibly reaching between the $0.0000080- $0.000010 range.</p> 
<figure class="wp-block-image size-large">
 <a href="https://www.tradingview.com/x/1cmDpwSG/" target="_blank" rel="https://www.tradingview.com/x/1cmDpwSG/ noopener"><img loading="lazy" width="1815" height="770" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/SHIBUSD_2023-09-24_20-54-04.png" alt="" class="wp-image-119748"></a>
</figure>  
<h2 id="h-should-you-buy-shiba-inu-today">Should you Buy Shiba Inu today? </h2> 
<p>Considering the potential uptick in prices, now might be an opportune moment to invest in SHIB, especially since it’s hovering around a strong support level. However, the unpredictable nature of the crypto market warrants caution. Hence, placing a stop loss trigger would be a prudent strategy.</p>

Shiba Inu Price Prediction: How High Can Shiba Inu reach Short-Term?

목차

CryptoTicker ENG

2023년 9월 24일에 게재된 다른 기사

Cathie Wood’s Ark Innovation ETF Adjusts Portfolio with Tesla Sale and Palantir Purchase

Terra LUNA Classic Community Votes in Favor to Halt USTC Minting

Bitmain Pumps $53.9 Million into Core Scientific, Signaling a Revival in North American Bitcoin M...

Bitrue CSO unveils the real reasons traditional finance is diving into digital assets

Cryptocurrency Regulation Faces Mounting Pressure as LBRY Joins Legal Fray

Coinbase identified as largest Bitcoin holder globally

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!