Shiba Inu (SHIB) Price Is Starting to Return With Strength, Promises a Massive 351% Move to $0.000081 Target-web3.0-php.cn

Home

web3.0

Shiba Inu (SHIB) Price Is Starting to Return With Strength, Promises a Massive 351% Move to $0.000081 Target

Susan Sarandon

Oct 05, 2024 am 07:20 AM

Cryptocurrency RallyShiba Inu Dogecoin Killer

Shiba Inu is up 10% to $0.0000175 on Friday, outperforming its rival DOGE, which is up 5%. The meme coin has gained over 30% over the past 30 days

Shiba Inu (SHIB) Price Is Starting to Return With Strength, Promises a Massive 351% Move to <img src= .000081 Target" >

Shiba Inu (CRYPTO: SHIB) price rose double digits throughout the week on positive macro data, with some analysts expecting further gains in the fourth quarter.

What Happened: Shiba Inu traded at $0.0000175 on Friday, rising 10 percent against its rival DOGE's 5 percent increase. Meme coin has gained more than 30 percent in value in the last 30 days, surpassing Dogecoin's 11 percent return.

Shiba Inu is also undergoing reburning processes, and according to Shibburn data, 4.5 million SHIBs have been cremated in the last 24 hours.

Crypto trader Javon Marks predicts that Shiba Inu's next move will be a massive 351 percent increase towards the larger target of $0.000081 considering the token's strength.

$SHIB (Shiba Inu) price is rallying as it continues to break out of a broken falling wedge pattern here!

The next level could come, which could lead to a move above 51 towards our larger $0.000081 target… https://t.co/IHj6syyorW pic.twitter.com/ohxvKH5h4G

Also Read: 'Dogecoin Killer' Shiba Inu's Burn Rate Increased by 227 Percent - So Why Are Technical Indicators So Weak?

IntoTheBlock data shows that large transaction volume decreased by 53.4 percent and daily active addresses increased by 3.3 percent. Transactions worth more than $100,000 dropped from 220 to 129 in a single day. With the increase in prices, the profit of Shiba Inu owners increased by 45 percent compared to the previous week and reached 53 percent.

Shiba Inu's official page shared an interesting post encouraging community participation, saying, "When SHIB reaches a new peak, I will _______."

Next: The impact of meme coins is expected to be discussed in detail at Benzinga's upcoming Future of Digital Assets event on November 19.

Read Next:

The above is the detailed content of Shiba Inu (SHIB) Price Is Starting to Return With Strength, Promises a Massive 351% Move to $0.000081 Target. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

The Challenges That Lie Ahead For Shiba Inu (SHIB) and How the Ecosystem Has EvolvedAug 06, 2024 am 09:53 AM

The Shiba Inu (SHIB) marketing lead, Lucie, has provided insights into the challenges that lie ahead for the meme coin.

Discover the SHIB Revolution: Tokens to Watch!Jul 28, 2024 am 03:40 AM

The SHIB ecosystem features standout tokens like SHIB, LEASH, BONE, SHEB and the upcoming TREAT and SHI. These assets are not just for show

SHIB Price Could Reach $0.0007 by 2050 if It Follows Bitcoin to Hit $2.9MJul 27, 2024 pm 06:25 PM

Shiba Inu price could potentially reach unprecedented heights if SHIB follows Bitcoin should the premier crypto asset hit $2.9 million as predicted by VanEck.

Shiba Eternity Web3 Launches Closed Beta Version, Accessible through LEASH TokensJul 30, 2024 am 09:20 AM

Senior SHIB Official Lucie has dropped hints that the highly anticipated Shibarium game, Shiba Eternity, may be out soon.

Shytoshi Kusama Hints at Forthcoming Collaboration with AI Project NFA LabsAug 09, 2024 am 06:27 AM

Shytoshi Kusama, the enigmatic figure leading the Shiba Inu ecosystem, has sparked speculation about a forthcoming collaboration with an AI project.

Shiba Inu Price Crash Is Following Bitcoin, But The Real Reason Is Even DeeperAug 06, 2024 am 03:25 AM

The Shiba Inu price crash being experienced today is not a result of a single event occurring for the meme coin. Rather, it is linked to a further market-wide crash that began with the Bitcoin price first falling below $60,000 and eventually breaking

Shiba Inu Marketing Lead Lucie Confirms Closed Beta Launch of the Shiba Eternity Web3 VersionJul 31, 2024 am 03:11 AM

The game, which is built on the Shibarium network, aims to bring the collectible card game into the web3 with its migration to the Shibarium Layer-2 blockchain.

Mpeppe (MPEPE): A New Contender in the Meme Coin Landscape as Shiba Inu (SHIB) FaltersJul 31, 2024 am 04:12 AM

In the volatile landscape of cryptocurrency, fortunes can change rapidly. Shiba Inu (SHIB), once a beacon of hope for meme coin enthusiasts, is currently navigating through turbulent waters.