{"id":627004,"date":"2023-04-08T16:49:09","date_gmt":"2023-04-08T21:49:09","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/08\/shiba-inu-price-prediction-as-shib-reaches-6-5-billion-market-capitalization-heres-where-shib-is-heading-now\/"},"modified":"2023-04-08T16:49:09","modified_gmt":"2023-04-08T21:49:09","slug":"shiba-inu-price-prediction-as-shib-reaches-6-5-billion-market-capitalization-heres-where-shib-is-heading-now","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/08\/shiba-inu-price-prediction-as-shib-reaches-6-5-billion-market-capitalization-heres-where-shib-is-heading-now\/","title":{"rendered":"Shiba Inu Price Prediction as SHIB Reaches $6.5 Billion Market Capitalization \u2013 Here’s Where SHIB is Heading Now"},"content":{"rendered":"
\n
Shiba Inu logo. Source: Adobe<\/figcaption><\/figure>\n

Shiba Inu<\/a> (SHIB), the world\u2019s second-largest dog-inspired meme coin with a market capitalization of close to $6.5 billion, was last changing hands close to $0.000011 per token, broadly flat on the day.<\/p>\n

Trade in cryptocurrency markets on Friday has been subdued with most traditional financial markets in Europe and the Americas closed for Good Friday.<\/p>\n

The just released US labor market report for March was mostly in line with expectations, thus failing to trigger any meaningful breakouts in the crypto market.<\/p>\n

For now, Shiba Inu <\/a>is holding up despite sell pressure in rival memecoin Dogecoin<\/a>, which was triggered by Twitter removing the Dogecoin logo as it main logo on the platform.<\/p>\n

That\u2019s probably because Shiba Inu<\/a>, which has a different logo from Dogecoin (a cartoon version of a Shiba Inu), never pumped when Twitter implemented the Dogecoin logo in the first place.<\/p>\n

SHIB<\/a>\/USD is around 6.5% lower versus its earlier weekly highs in the $0.00001170 area, but is still up around 13% versus last month\u2019s sub-$0.000010 lows.<\/p>\n

<\/figure>\n

Here\u2019s Where SHIB is Heading Now<\/strong><\/h2>\n

Shiba Inu\u2019s price action has been subdued by historic standards in recent weeks, with the 200-Day Moving Average (currently at $0.00001060) seemingly acting as a magnet, a sign of an indecisive market.<\/p>\n

However, as the broader cryptocurrency market trends to the upside (many think Bitcoin will soon return to $30,000 and Ether to $2,000), Shiba Inu\u2019s uptrend for the year could well extend in the coming months.<\/p>\n

Shiba Inu is currently up around 35% since the start of the year.<\/p>\n

The cryptocurrency\u2019s near-term technical outlook supports this thesis.<\/p>\n

Shiba Inu appears to be forming an ascending triangle structure, which often form ahead of bullish breakouts.<\/p>\n

<\/figure>\n

SHIB has been following a trendline higher from the March lows, but continues to find resistance in the $0.00001170 area.<\/p>\n

A breakout to the north of $0.0000170 resistance could be the trigger for a push higher back towards the earlier annual highs in the $0.000016 area, which would mark 45% upside from current levels.<\/p>\n

Buy Shiba Inu Now<\/strong><\/a><\/p>\n

Love Hate Inu (LHINU) \u2013 A Shiba Inu Alternative to Consider<\/strong><\/h2>\n

Shiba Inu\u2019s near-term outlook is good.<\/p>\n

However, the fact that Shiba Inu is already so famous and well-known and already has such a massive market capitalization makes 10xing from current levels more difficult.\u00a0<\/p>\n

Investors might therefore want to consider investing in some lesser-known coins that potentially hold a better likelihood of seeing exponential gains.<\/p>\n

A great new meme coin to consider is\u00a0Love Hate Inu<\/a>, a new dog-meme-inspired social media polling platform that has been taking the internet by storm in the last few weeks.\u00a0<\/p>\n

To fund the development of its revolutionary vote-to-earn platform, Love Hate Inu is currently conducting a presale of its LHINU token.<\/p>\n

The presale has been a huge success, with Love Hate Inu having already raised a massive $3 million and the presale already having entered stage 4.<\/p>\n

<\/oembed><\/figure>\n<\/p><\/div>\n

Read More<\/a>
\n Tami Mote<\/p>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu logo. Source: AdobeShiba Inu (SHIB), the world\u2019s second-largest dog-inspired meme coin with a market capitalization of close to $6.5 billion, was last changing hands close to $0.000011 per token, broadly flat on the day.Trade in cryptocurrency markets on Friday has been subdued with most traditional financial markets in Europe and the Americas closed<\/p>\n","protected":false},"author":1,"featured_media":627005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4759,92260],"tags":[],"class_list":{"0":"post-627004","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-price","8":"category-shiba"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/627004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=627004"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/627004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/627005"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=627004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=627004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=627004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}