With less than 15 days left in Uptober, the uncertainty over the XRP price trajectory has led Ripple investors to look for alternative opportunities
As we enter the final stretch of "Uptober," the anticipation for massive crypto gains builds. While some XRP investors eagerly await the conclusion of the SEC lawsuit, others are seeking alternative opportunities within the crypto market. Among the emerging contenders are Shiba Inu (SHIB) and ETFSwap (ETFS), both capable of delivering incredible returns of up to 50,000%.
Shiba Inu (SHIB) Price Analysis
SHIB has experienced a moderate price increase of 5.15% over the past week and 2.14% in the last 24 hours, according to data from CoinMarketCap. This recent price surge comes amidst growing speculation and rumors within the crypto community regarding a potential Shiba Inu ETF. If launched, this ETF would significantly enhance SHIB's liquidity and boost its presence in the mainstream financial markets.
Furthermore, the SHIB burn rate has also seen a substantial increase, with over 6.54 million SHIB tokens being permanently removed from circulation. This token burn initiative, spearheaded by the SHIB community and supporters, aims to reduce the overall supply of SHIB and potentially contribute to driving up its price.
A glance at the SHIB 1-day chart reveals that the meme coin has managed to breach its 100-day Moving Average, indicating that the bulls are regaining control in the short term. If this bullish momentum continues, we can expect SHIB to attempt a breakout above its descending channel and aim for a key target of $0.000029.
Shiba Inu (SHIB) Price Chart - SHIB/USD 1 day
Shiba Inu Price Analysis: Key Levels to Watch, March 2023
Shiba Inu Price Analysis: SHIB Price Surges towards a Crucial Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Fizzles Out at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Attempts to Recover from a Steep Decline
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Continues to Face Resistance at a Crucial Zone
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Pivotal Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows Down at a Pivotal Resistance Area
Shiba Inu Price Analysis: SHIB Price Rally Pauses at a Critical Resistance Zone
Shiba Inu Price Analysis: SHIB Price Rally Weakens at a Critical Resistance Level
Shiba Inu Price Analysis: SHIB Price Rally Slows
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