![]() Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. All Rights Reserved About Us | Contact Us | Terms of Service | Privacy Policy Buy SHIB at eToro from just $50 Now!Ĭopyright ©. This will see SHIB being used across the thousands of merchants that support the payment processing company’s services. The payment rail processor NowPayments had announced that SHIB, BONE and LEASH tokens will now be used to pay for products and services across several e-commerce sites worldwide. This is in combination with other governance tokens BONE and LEASH. In addition, the SHIB token has been listed on Bitcoin exchange CoinFlex. This would increase the use case for the SHIB token, which is expected to play a principal role in the NFT offering. 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. Please note that we are not authorised to provide any investment advice. ![]()
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