Analysis

Will the Shiba Inu (SHIB) Rise? Is It A Good Time To Get SHIB?

The price is at a critical point and a new record may come. Investors should pay attention to these levels!

Will the Shiba Inu (SHIB) Rise? Is It A Good Time To Get SHIB?

Born as Dogecoin (DOGE) killers and rapidly forming its own community, the Shiba Inu (SHIB) has experienced serious growth. The joke coin, whose market value is approaching 11 billion dollars, is among the top 20 cryptocurrencies. Moreover, it continues its rise with a circulating supply amount approaching 400 billion. Those who meet the Shiba Inu (SHIB) in April are lucky, but what will the others do?

Shiba Inu (SHIB) Early Investors

Those who discovered Shiba Inu ( SHIB ) in April are still 1000% profitable, but with Binance listing, investors who are aware of the project still have not fully reached the cost point. Those who remember know that Binance listing suddenly increased the price to 4 zeros. Afterwards, prices with 5 zeros were returned due to the heavy sales of early-stage investors. The price, which remained at 5 zeros between May and October, approached the ATH point today with the support of the mysterious whales .

Shiba Coin
Shiba Coin

Going back to today, the number of addresses holding Shiba Inu ( SHIB ) has increased by 9% in the last two weeks . The surge in price enabled 60,000 new crypto investors to meet the second biggest joke coin. It has been mentioned for a long time that above $0.0000097 can bring up to 400-500% gains. As a matter of fact, the news of whales buying at 0.0000075 levels caused the price to suddenly increase by zero.

Will the Shiba Inu (SHIB) Rise?

First of all, the whales that entered the project in the last few weeks increased the confidence in the project. However, Shiba Inu ( SHIB ) produces projects in many fields. There is no one who has not heard of ShibaSwap , however, their work on NFT and staking brings benefit generation as well as a strong community. Of course, these developments increase the expectations for the future of the project. Dogecoin ( DOGE ) , which has existed for years , has not achieved even 10% of what has been done by Shiba Inu (SHIB) so far in terms of utility generation.

A price break of 0.00003523 for SHIB is expected to send the price beyond the 0.000050 resistance, equating the Binance ATH point. The price still maintains its uptrend. So if 0.000050 is broken, the price can drop another zero and make 100x the gains compared to a few months ago.

0.00002335 and 0.00002058 as support points should be followed closely. 0.00002952, 0.000035 and 0.000050 are critical for ascension.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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