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shiba inu price

Shiba Inu price keeps the coin hype even live with its massive rally this week, reporting 20% ​​gains. The second most popular meme coin slowed its aggressive push from support at $0.000008 to new 2023 highs of $0.00001291.

Following the minor retracement, SHIB is currently trading at $0.00001140. If investors continue to cash in for profit, Shiba Inu may be forced to take shelter at $0.00001050 ahead of another potentially massive rally to $0.000014 and $0.000018, respectively, in the coming week.

Ethereum Whales Focuses on SHIB, as Shiba Inu Price Builds Momentum for Next Breakout

Despite the price drop, SHIB was earlier in the day the most traded token among the top 100 Ethereum whales. According to WhaleStats, a crypto whale tracking platform, Shiba Inu has knocked Curve DAO (CRV) from the top position, implying that interest in the meme coin is growing.

Data from WhaleStats revealed that Shiba Inu was one of the most used smart contracts among the top 100 Ethereum 24-hour whales. Hashflow (HFT) topped this category, ahead of Numeraire (NMR), SHIB, Chiliz (CHZ), and Boba Network (BOBA).

Shiba Inu Price Uptrend Is On Hold, But Indicators Are Calling Buy

The 15th-largest crypto, with a market cap of $6.7 billion, tested but failed to break above the 200-day exponential moving average (EMA) resistance (purple) at 0.00001182 $. The bulls did their best to push their way through the sellers’ congestion zone, reinforced by the red band, but only managed a long candle wick.

Despite the spike in activity among whales, as seen with WhaleStats, the speed of funds entering Shiba Inu markets is slowing. Notice that the Money Flow Index (MFI) indicator begins to drop towards the neutral zone.

shiba inu price
SHIB/USD daily chart

With the hurdle at $0.00001182 intact, bulls may want to ditch Shiba Inu so they can buy again eventually at $0.00001050. Such a retracement should not worry investors, as it may be a blessing in disguise – allowing Shiba Inu to gather more liquidity for a stronger pullback from seller congestion at $0.00001182.

The positive outlook depicted by the Moving Average Convergence Divergence (MACD) may be one of the factors keeping Shiba Inu price above $0.000011. A buy signal sent by the momentum indicator is still in place in addition to the MACD holding above the middle line.

Key Fundamentals Supporting Shiba Inu Price Uptrend Resumption

Shiba Inu price is hovering above robust support areas while facing relatively low hurdles on the upside. Based on information from IntoTheBlock (ITB), nearly 19,000 addresses that have previously bought around 65 trillion SHIB between $0.000011 and are ready to throw their weight behind the meme token to secure a bullish outcome .

shiba inu price
IOMAP model

The same IOMAP model reveals the absence of areas of high seller congestion on the upside. For now, the only significant bump SHIB bulls need to break through is at $0.000012, an area where 18,500 addresses have previously bought around 11 trillion SHIB.

Shiba Inu burn rate up 64%

The token consumption rate for SHIB increased by 64% in 24 hours, with nearly 25 million tokens removed from the network supply. According to Shibburn.com, the program’s tracking platform, more than 410 trillion SHIBs have been destroyed.

shiba inu price
Shiba Inu Burn Rate

There are 571 trillion tokens left in storage, and 17 trillion of them are currently staked. The Shiba Inu community believes that the meme coin’s reduced supply will propel it to highs above $1 in the next bull market.

Alternatives to the Shiba Inu promising a better risk/reward ratio

Investors may want to diversify their crypto portfolios with new altcoins in their presales. In addition to allowing investors to become early adopters at a great price, the selection of promising crypto projects have the potential to shape the future of this dynamic space. Previous tokens like TAMA rallied strongly in their first stock market listings, bringing over 1,800% in short-term returns.

Meta Masters Guild (MEMGA)

Investors flocked to Guild of meta-masters (MMG) to buy one of the revolutionary blockchain web3 gaming platforms. The team is currently working with Gamearound to create a mobile blockchain guild for users who spend time playing games they love.

Users of this ecosystem will not need to pay or buy expensive NFTs to get started. MMG uses the play-and-earn approach to reward players in a currency called Gems. This in-game currency can be converted into MEMAG, the platform’s native token for staking, or converted into other crypto assets like ETH.

The guild should launch with three games namely: Meta Kart Racers, Raid NFT and Meta Masters World. Users will also be rewarded for other contributions to the ecosystem, including game development, content creation, provision of in-game items, and giveaways.

MMG is already in the second round of the presale after raising $700,300 in a short time. With $0.01, investors buy 1 MEMAG but the price will rise again in about a week.

Visit Meta Masters Guild now.

Fight (FGHT)

Investors turn to Fight Out for the best Move-to-Earn presale. So far, it has raised over $3 million, targeting fitness enthusiasts and people who believe a healthy lifestyle should be affordable for everyone.

Fight Out is a Web3 platform, which allows community members to earn for the effort they put towards their well-being. Users are rewarded with REPS, an in-app currency for completing workouts and challenges.

Users who join the app are assigned a unique avatar, considered an NFT that gives you an identity within the metaverse. This avatar, while not tradable, grows with your fitness progress.

Fight Out will also run physical gyms where members can interact and grow together. The gym chain will offer many services including a fitness bar.

Visit Fight Out Now.

Calvary (RIA)

Calvaria’s pre-sale is nearly $3 million, with investors scooping up tokens worth $2.87 million. Only 7% of the tokens remain for the team about to close the last stage before the first public listing.

While investors who bought in the first leg at $0.01 are sitting at a paper profit of 225%, those buying now are likely to see even better returns amid increased adoption of tokens. game to win market scale.

Calvaria offers two versions of the game – one free and the other a game to win, running on the blockchain. The first version of the game is available on mobile game stores like Google Play and Apple Store.

It will be used to inspire more people to embrace crypto to start earning with the P2E version. Calvaria also offers an online player versus player mode, staking, and its own NFT market.

Visit Calvaria now.

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