![]() ![]() The project recently released its highly-anticipated non-fungible token (NFT) game duly named Shiboshis. This led to a 21% increase in the price of SHIB as meme coin investors began piling more SHIB tokens.Īside from the social media input, the Shiba Inu project has been building a strong ecosystem. Musk tweeted a text art image of the Japanese Shiba Inu dog and an emoji of a space rocket. He has since channelled some of those energies to the Shiba Inu project in recent months. Musk is a well-known meme coin supporter and is a staunch backer of Dogecoin. However, the one with the most impact has been Tesla and SpaceX CEO Elon Musk’s recent tweet. ![]() SHIB’s strong 24-hour performance can be attributed to several factors, following the decentralised spontaneous experiment’s strategic partnerships in the past few weeks. This indicates a strong buying signal and posits a good opportunity to buy SHIB and rise with the market. The moving average convergence and divergence (MACD) show a strong bullish push back into the fray, with the green trendline soaring about its orange counterpart. The relative strength index (RSI) figure of 67.74 shows that more investors are keen to buy SHIB as investors’ interests rekindle for meme coins. It is soaring above the 20-day moving average (MA) support price of $0.00002122, indicating that the bulls have a large market share of the market.Īlthough it is trading on par with the 9-day MA indicator, the longer-term 200-day MA reasserts the bullish push back into contention as the digital asset is above the indicator price peg of $0.00001510. The Dogecoin killer is on a bullish run despite facing resistance at the $0.00002800 price peg. The crypto market catching some tailwinds makes this an ideal opportunity to buy SHIB as meme coins become a common feature in the new norm of finance.īuy Shiba Inu from just $50 Now > SHIB Technical and Fundamental AnalysisĬonsidering SHIB’s technical and fundamentals gives us a clearer view of how the digital token is performing. ![]() SHIB has since made significant rallies after hitting rock bottom and has largely been on an uptrend in the past weeks this month. The ERC-20 token could not retain this price action and subsequently shed off a large chunk of its gains and finding support at $0.00000604 following a four-month prolonged bearish control. SHIB became a blockchain surge after increasing 21,000% in one week and hitting an all-time high (ATH) of $0.00003791 on May 10. The meme coin has a market dominance of 0.45% with over $27.7 billion fully diluted market cap, which has seen a 9.58% increase in the last day. However, it has since retraced its gains and currently trades at $0.00002756, up 8.57% in the last 24 hours. Shiba Inu has posted remarkable gains in the past 24 hours and momentarily increased 21% following a tweet by Tesla CEO Elon Musk. SHIB: Keeping the Spotlight As Rally Intensifies Given the asset’s continued rally, we explore the fundamental and technical performance of the Dogecoin killer. The digital token’s strong price gains have seen several investors want to buy SHIB. Meme protocol Shiba Inu has made remarkable gains in the last 24 hours as the crypto market pushes on a rally. ![]() The content on this page is for information purposes only. Shiba Inu are under circulation, with total supply of 589.59T and the Maximum supply of 0.Please note that we are not authorised to provide any investment advice. Shiba Inu's market cap currently sits at ₹531,478,627,677.37 INR, holding up for a market cap rank at #11. SHIB to INR price today is ₹0.000901, which is Up by 9.42% over the last 24 hours. You can convert and check any crypto pairs like SHIB to PEPE, SHIB to XRP, SHIB to WLD, SHIB to BTC, SHIB to APT, SHIB to LPT, SHIB to XLM. Would you like to know how many cryptocurrencies 1 SHIB is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. The given all are fiat currency and the most widespread pairs in the market. Today, almost every fiat currency has been paired with the SHIB, including SHIB to PHP, SHIB to INR, SHIB to NGN, SHIB to THB, SHIB to CAD, SHIB to PKR, SHIB to IDR, SHIB to EUR, SHIB to AUD, SHIB to BDT and many more in the queue. SHIB considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. dollar or Japanese yen) or using them as payment for goods and services, Shiba Inu can be earned or received in various ways. By exchanging SHIB against fiat currencies (such as the U.S. ![]()
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