Shiba Inu (SHIB) Token: A Potential Plunge or Steady Growth? Could yPredict Offer More Stability?

Join Our Telegram channel to stay up to date on breaking news coverage

Shiba Inu (SHIB) surged in attention recently due to its highly anticipated layer-2 solution, Shibarium. Excitement grew as Shytoshi Kusama, the mastermind behind the project, announced that the launch of Shibarium is swiftly approaching.

BREAKING‼️ Shytoshi Kusama said the launch of #shibarium is near! pic.twitter.com/6AKTRb1QNX

— Whale.Guru (@Whale_Guru) July 31, 2023

As chatter around Shibarium continues, traders and investors anticipate the impact the L2 solution will have on Shiba Inu price. The SHIB token must sustain steady growth for a significant outcome unless the Shibarium influence has already been priced in.

Shiba Inu Token Celebrates Birthday and Expands Multilingual Support

Meanwhile, the Shiba Inu ecosystem celebrates the SHIB token as the meme coin marks its third birthday on August 1, 2023.

Woof, woof, hooray! 🎈🎂 Our tails are wagging in excitement as we celebrate our 3rd birthday with the incredible #SHIBARMY Thank you for making this journey truly unforgettable. Together, we’ll keep barking our way to even greater heights 🌑 #ShibaInuBirthday 🎁 pic.twitter.com/oW63Ru3PuY

— Shib (@Shibtoken) August 1, 2023

To embrace its diverse international community, the project launched a multilingual blog. It now offers English, Japanese, Hindi, Chinese, Spanish, and Turkish content. Further languages are in the pipeline, showcasing Shiba Inu’s commitment to inclusivity and global accessibility. Exciting times lie ahead for SHIB enthusiasts as the project continues to expand its reach. The network is committed to engaging with cryptocurrency enthusiasts from around the world.

Shiba Inu Ranks Second in Popularity in US

Recently, the dog-themed altcoin Shiba Inu achieved a significant milestone by securing the second spot in popularity among US investors.

📈 Breaking records 🚀 $SHIB has now claimed the second spot for the most popular cryptocurrency in the USA, trailing only behind Bitcoin! Thanks to the support of our amazing #SHIBARMY https://t.co/mdW9PbI7nL pic.twitter.com/AE6pTG4q9p

— Shib (@Shibtoken) July 31, 2023

Outpacing Ethereum (ETH) and Dogecoin (DOGE), SHIB demonstrated its growing appeal within the American cryptocurrency market. A study conducted by crypto bookmakers Cryptobetting.com and shared with International Business Times revealed this. Based on the findings, SHIB’s monthly search volume reached 484,000, positioning it as the second most searched cryptocurrency. This is after Bitcoin, with the study focusing on the US demography.

The unique branding and dedicated community of the Shib Army have played a pivotal role in driving the altcoin’s increasing popularity.

SHIB Price Analysis

The daily chart analysis for SHIB/USD trading pair indicates the potential for upward movement in the upcoming days. Presently, the support level at $0.00000865 is effectively preventing the pair from declining further. It is worth noting that SHIB has been continuously declining since February. However, on July 8, the price broke above the descending trendline. This shift signifies a change in the trend from bearish to bullish.

Shiba Inu price — TradingView: SHIB/USD 1-Day Chart

Various indicators further confirm the bullish trend. Firstly, prices are moving above the Ichimoku Cloud, which is a well-known signal for a bullish market. Additionally, the AO (Awesome Oscillator) histogram shows green bars above the zero line, indicating a buying trend in the market.

Nevertheless, some signals from the RSI (Relative Strength Index) are mixed. It is moving above the middle line and pointing south, suggesting bulls are losing momentum.

Despite the mixed signals from the RSI, the overall outlook suggests that prices are likely to continue rising toward the first resistance level at $0.00000964. If this resistance is successfully broken, the next target would be $0.00001171. Such a move would represent a significant increase of approximately 41% from the current price level.

While SHIB struggles to sustain the bullish outlook, consider YPRED, a token with a more optimistic outlook.

Promising Alternative to SHIB

YPRED is the ticker for the yPredict ecosystem. It is an AI-backed crypto signal firm. It is making waves with its cutting-edge technology and impressive presale success in crypto trading. With over $3.28 million raised in its ongoing presale, yPredict is setting new standards for the industry. The platform empowers retail traders with invaluable insights to navigate the complex crypto landscape.

🚀📈 Exciting times in the world of crypto trading! Introducing yPredict ($YPRED), the revolutionary AI-powered crypto signal firm that's changing the game. With over $3.28M raised in its presale and a groundbreaking trading platform, yPredict is empowering retail traders with… pic.twitter.com/NY0pRBq5vn

— yPredict.ai (@yPredict_ai) August 2, 2023

The platform’s revolutionary AI-powered signals have captured the attention of investors and traders alike. By analyzing vast amounts of data, yPredict’s AI algorithms extract potential market trends. This is a luxury that was previously accessible only to elite market participants.

yPredict – Revolutionizing Crypto Price Predictions with AI

One of the standout features of yPredict is its marketplace, where industry experts provide predictions and data research as trading signals. This enables traders to make well-informed decisions and maximize their profits while minimizing risks.

Holding $YPRED tokens is not only a key to accessing the next-gen platform. It also opens doors to opportunities for passive income. Token holders can participate in staking and earn a portion of subscription fees paid by users. This creates an environment that encourages long-term investment and contributes to market stability.

With yPredict’s real-time forecasts and AI-based algorithms, members gain a significant advantage in the fast-moving crypto markets. The platform has revolutionized how traders approach crypto price predictions. It allows them to stay ahead of market trends and make more informed trading choices.

🔮 Unleashed the power of LSTM! #yPredict Developed a mind-bending Price Prediction Model for Cardano's ADA using the futuristic LSTM algorithm. Witnessed its mastery in capturing long-term dependencies in time series data. 📈

🚀 Our model, fueled by historical price data, made… pic.twitter.com/8BygXEaL1Y

— yPredict.ai (@yPredict_ai) July 6, 2023

In addition to its predictive capabilities, yPredict offers a comprehensive ecosystem that bridges the gap between AI/ML developers and traders. The platform’s data-driven analytics create a seamless experience. This makes it easier for data scientists to monetize their predictive models and signals through a subscription service.

If you are looking to embrace the future of crypto trading, now is the time to join the yPredict presale. Don’t miss the chance to leverage AI-powered insights and predictions and be at the forefront of the ever-evolving crypto market.

Visit yPredict here