Shiva crypto

Ryoshi has promoted the coin’s “Dogecoin killer” nickname, arguing that SHIB’s technology is more “community-driven” than its counterpart, which uses the Shiba Inu as its mascot. And Ryoshi has heralded its minuscule worth. “We have the ability to outpace the value of Dogecoin, exponentially, without ever crossing the $0.01 mark,” the founder wrote in a SHIB “woofpaper,” better known as a white paper. Shiba inu crypto Welcome to btc2double.com, your expert in managing your cryptocurrency!

However, Shiba Inu price might run out of its bullishness soon since the Relative Strength Index (RSI) suggests that the meme coin is dangerously close to hitting the overbought zone above 70.0. A reach into this area indicates potential corrections as the market needs to cool down after being overheated. Analyst Highlights Bullish Shiba Inu Chart Pattern The current price of Shiba Inu (SHIB) stands at 0.0000089. The 24-hour trading volume for SHIB is 83576400 across various exchange markets. Over the last week, the price of Shiba Inu has decreased by 1.69044%. The price of the cryptocurrency has decreased by 2.12836% in the last 24 hours.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu price movements over the years Shiba Inu (SHIB) describes itself in its “Woofpaper” as an experiment in decentralized spontaneous community building. The project will incorporate a decentralized exchange (DEX) called ShibaSwap where users can DIG for BONES or BURY their tokens, as well as swapping. The Shiba Inu community also includes an artist incubator that will explore how to bring the artistic Shiba movement into the non-fungible token (NFT) market. As part of a community effort, the project is using the Amazon Smile feature to collect donations to rescue real Shiba Inu dogs.

Top 100 crypto exchanges in the world based on 24h trade volume on January 9, 2024 Which Crypto Will Boom In 2024? As the market for meme coins adjusts in response to Bitcoin’s recent downturn, currently hovering around $41,000, Shiba Inu is not immune to these market forces, having encountered a setback at its immediate resistance level. Despite this, several indicators, such as the development of Shibarium, Shibburn’s transactions hint at possible bullish outcomes. Nevertheless, there is increasing apprehension about a potential bearish regression, primarily due to a significant reduction in a crucial on-chain trend, which suggests that interest in SHIB price may be declining.