Shiba

Burn

Bitcoin

Shiba Inu

<div class="watcher-guru">
 <p>The Shiba Inu network is setting its sights on a significant milestone in the world of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies: the eradication of a decimal point. In <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> lingo, “eliminating a zero” is the term used when a coin’s price increases tenfold, effectively shifting its decimal point to the right. While this journey may be lengthy, it is by no means unattainable, and the SHIB community is abuzz with anticipation.</p>
 <p>With Shiba Inu’s (SHIB) current price standing at $0.00000793, the community is optimistic about SHIB’s prospects for destroying another zero from its price point. To accomplish this feat and breach the $0.00001 level, SHIB would need to achieve a gain of roughly 25.5%. Notably, the last time SHIB traded above the $0.000001 mark was back in August, as per Binance’s data.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp" alt class="wp-image-117365" srcset="https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 1024w, https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 300w, https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 768w, https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 1536w, https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 380w, https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 550w, https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 800w, https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 1160w, https://cdn.thebittimes.com/images/2023/10/31/a9f0ad8a15eadab2560551319bf9e113.webp 1696w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>Amidst this development, the SHIB market saw a recent decrease in trading volume. While some may find this worrisome, others interpret it as a positive signal. Reduced trading volume often signifies a decrease in selling pressure. With fewer sellers participating in the market, SHIB finds itself supported at a robust level.</p>
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 <p>This decrease in selling pressure, combined with the fact that fewer people are trading SHIB, suggests a prevailing sentiment of positive buying. When demand outpaces supply, prices tend to rise, even with lower overall trading volume.</p>
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 <p><strong>Also Read: Shiba Inu Burn Rate Goes Parabolic, Surges 5600%</strong></p>
 <h4 class="wp-block-heading" id="h-will-shiba-inu-continue-its-uptrend">Will Shiba Inu continue its uptrend?</h4>
 <p>SHIB’s recent upswing can be attributed to various factors. This includes a surge in interest from retail investors, heightened media coverage, and speculative trading. Furthermore, the broader <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> market has shown signs of recovery, partially influenced by the approval of a Bitcoin Exchange-Traded Fund (ETF), as Bitcoin itself edges closer to the $35,000 threshold.</p>
 <p>However, much of the optimism surrounding SHIB hinges on imminent announcements from its development team. Shytoshi Kusama, a prominent figure within the SHIB community, has hinted at “significant changes” on the horizon. The developer further fueled the excitement surrounding this meme-inspired <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a>.</p>
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    <p lang="en" dir="ltr">Shib Army, brace for a seismic shift in the blockchain world! 🚀<br><br>🚨 Attention, Shib Army! We all love a good surprise, and yours is on the horizon – the very first step to unlock your unique Shib identity is just 72 hours away!⏳<br><br>🎁 Plus, here’s your ticket to the $5,000 SHIB… pic.twitter.com/P9XzJOBGcy</p>— Shib (@Shibtoken) October 28, 2023
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 <p><strong>Also Read: Shiba Inu [SHIB]: Price Prediction for Halloween 2023</strong></p>
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 <p>As SHIB enthusiasts eagerly await these developments, the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> world closely monitors the potential for SHIB. In particular, they aim to discard another zero from Shiba Inu and make a remarkable leap in price. While the journey may be arduous and fraught with uncertainty, the SHIB community remains steadfast in its mission to witness this <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> coin ascend to new heights.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>crypto</li>
  <li>cryptocurrency</li>
  <li>shib</li>
  <li>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-poised-to-destroy-a-zero-here-s-when-tbt68399.html">https://thebittimes.com/shiba-inu-poised-to-destroy-a-zero-here-s-when-tbt68399.html</a></p>

Shiba Inu Poised To Destroy A Zero: Here's When

TheBitTimes

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