Shiba Inu

<h4 class="wp-block-heading">SHIB price remains rangebound around $0.000011 as bulls and bears battle for control.</h4> 
Shiba Inu (SHIB), the popular memecoin that gained worldwide attention in 2021, has seen its price consolidate over the past 24 hours despite being the #1 trending cryptocurrency on CoinMarketCap. SHIB is currently trading around $0.00001117, representing a minor 0.22% decrease over the past day. 
<figure class="wp-block-image size-large is-resized"> 
 <img decoding="async" loading="lazy" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-1024x457.png" alt="" class="wp-image-312829" style="width: 100%;height:254px" width="569" height="254" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-1024x457.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-300x134.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-767x342.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-1536x685.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-2048x913.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-336x150.png 336w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-785x350.png 785w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414-788x351.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-414.png 462w" sizes="(max-width: 569px) 100vw, 569px"> 
</figure> 
Despite the lack of clear price momentum, SHIB continues to generate significant buzz and attention throughout the crypto community. This highlights the memecoin’s strong brand awareness and loyal following even during periods of sideways trading. 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="451" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-1024x451.png" alt="" class="wp-image-312811" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-1024x451.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-300x132.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-768x338.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-1536x676.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-2048x901.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-341x150.png 341w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-795x350.png 795w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413-788x346.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-413.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
From a technical perspective, <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> appears to be trading in a range between support at $0.00001117 and resistance around $0.0000089. Whales and institutional investors are likely to accumulate the token around the key support level and target the upper boundary of the range to take profits. However, SHIB needs to hold above support for an eventual breakout above the 200-day moving average (200MA) located around $0.00009800. 
<h2 class="wp-block-heading" id="will-the-upcoming-shibarium-launch-lead-to-a-breakout-for-shib">Will the Upcoming Shibarium Launch Lead to a Breakout for SHIB?</h2> 
The launch of Shibarium, Shiba Inu’s layer-2 scaling solution, is slated for approximately two weeks from now. Shibarium aims to improve transaction speeds and reduce fees on the Shiba Inu network. 
The anticipation leading up to the event has already buoyed SHIB’s price, with the token rising over 30% in the last 30 days. However, the actual impact on SHIB’s price at the exact time of launch remains uncertain. 
On the positive side, Shibarium could increase utility and demand for SHIB by providing a faster and cheaper platform for trading and using the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoin</a>. This could attract more users and projects to the ecosystem, creating a virtuous cycle that leads to higher prices. 
Many experts point to the launch of Shibarium as a potential catalyst for SHIB to reach ambitious price targets such as $0.001 or even $0.01. Google’s new <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> chatbot, Google Bard, also highlighted Shibarium as a key driver for future SHIB price appreciation. 
However, it’s important to note that SHIB would need to see substantial adoption of Shibarium, along with favorable market conditions and growing mainstream acceptance, in order to reach these lofty goals. The impact of the Shibarium launch itself remains difficult to predict and will depend on its initial success in capturing user activity and transactions. 
In conclusion, while uncertainties remain, the launch of Shibarium appears positive for SHIB’s future outlook. It has the potential to increase utility and demand, but broader user adoption will be key to determining the ultimate price impact. Crypto investors and traders will be closely monitoring the event for signs of a sustained breakout or bull run. 
Join us on <a href="https://www.facebook.com/captainaltcoin" data-type="URL" data-id="https://www.facebook.com/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Facebook </a>and <a rel="noopener noreferrer nofollow" href="https://twitter.com/CaptainAltcoin" target="_blank">Twitter</a> for the latest insights and discussions in the world of crypto. 
Explore our <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/tag/news/" data-type="URL" data-id="https://captainaltcoin.com/tag/news/" target="_blank">new</a><a href="https://captainaltcoin.com/tag/news/" data-type="URL" data-id="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">s section</a> and stay ahead of the curve with our expert <a href="https://captainaltcoin.com/predictions/" data-type="URL" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>. 
The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/coinmarketcap-fave-shiba-inu-shib-looks-to-shibarium-for-next-leg-up/">CoinMarketCap Fave Shiba Inu (SHIB) Looks to Shibarium for Next Leg Up</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.

CoinMarketCap Fave Shiba Inu (SHIB) Looks to Shibarium for Next Leg Up

Spis treści

CaptainAltcoin

Inne artykuły opublikowane 14 sie 2023

3 Must-Buy Crypto Tokens for That Rare 10x Growth

Orbs Joins Forces With Axelar Network to Offer Cross-Chain Token Swaps

TXPR – All You Need Is One Year to Grow Your Crypto Holdings by 36%

Synesis One launches the world's first NLP AI data crowdsourcing application on Solana Mainnet

BALD Token Tanks 33%, Has It Finally Met Its Waterloo?

Will the SEC Approve a Spot Bitcoin ETF Amid Concerns of Market Manipulation?

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!