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Shiba Inu price has surged 5% in the last 24 hours as the meme coin traded at $0.000008 as of 8:30 a.m. EST.
Shiba Inu’s trading volume has also surged by 31% during the same period. This is due to the community’s unveiling of a Shib Name Service on Shibarium, which has seen the community gain more enthusiasm for the token.
🔐 The moment you’ve been waiting for is here! Shib Name Service (SNS) on Shibarium is now live, Don’t wait! Secure your exclusive name at https://t.co/wIWsTbik3Z With SNS, say farewell to those complex addresses like 0xCD4(…) and say hello to friendly names like John.shib.… pic.twitter.com/zwFXcE9Uju
— Shib (@Shibtoken) October 31, 2023
Shiba Inu Price Analysis
Looking at 4-hour charts, the 7-day moving average has exceeded the 15-day moving average to form a golden cross. This indicates bullishness on Shiba Inu price with the meme coin setting sail for a bull run.
The Relative Strength Indicator is currently above the average line as bulls hold onto the $0.0000076 support level. Bulls are now looking to bridge past the $0.0000081 resistance level, as shown by the MACD, which has shifted to the green zone, asserting bull dominance on Shiba Inu price.
Volatility levels on Shiba Inu price are high, as seen from the Bollinger Bands, which are currently wide apart. These levels will remain high for a while amid the growing interest in the meme coin with the new developments now in place.
But as Shiba Inu make waves, Bitcoin Minetrix may be set to explode. Its BTCMTX tokens pre-sale has garnered remarkable investor confidence and it’s now in stage 5.
#BitcoinMinetrix Stage 5 is Live! 🔥 pic.twitter.com/OIZcFFIUeX
— Bitcoinminetrix (@bitcoinminetrix) November 2, 2023
Bitcoin Minetrix’s Pre-Sale Surpasses $3.1M Mark
Bitcoin Minetrix has now raised over $3.1 million in its ongoing pre-sale. This achievement marks a noteworthy accomplishment for the innovative Stake-to-Mine project, showcasing its growing appeal and potential in the digital asset landscape.
Why Bitcoin Minetrix?
Recognized for its trailblazing approach, Bitcoin Minetrix has been gaining traction for its ground breaking method that enables anyone to participate in BTC mining without traditional barriers.
Anyone with an internet connection and a wallet that is compatible with the Ethereum blockchain may mine BTC using the BTCMTX tokens on their Ethereum-based platform.
To earn Bitcoin mining credits, users stake BTCMTX on the Bitcoin Minetrix platform. These credits may then be used to purchase hashing power in the cloud. By fostering widespread participation in BTC mining, Bitcoin Minetrix not only bolsters the network’s hash rate but also promotes increased profitability for all participants.
One of the defining characteristics of Bitcoin Minetrix resides in its decentralized and transparent token, minimizing the risks connected with possible cloud mining scams.
Some market experts have even predicted a tenfold rise in revenues once the coin is traded on exchanges, which is why its inclusion in the project has garnered so much interest. Experts in the field are starting to see it as a viable alternative to BTC and other tokens because of its lower market value and promising potential.
Future Projections
At the current stage of its pre-sale, Bitcoin Minetrix is priced at $0.0114. Investors and enthusiasts interested in securing a position in this innovative project are advised to act promptly to take advantage of the current pricing. As you watch out for a possible Shiba Inu price surge, remember not to miss out on the pre-sale.
Visit Bitcoin Minetrix here to take part.
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