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Trading between a weekly price range of 0.0000317 and 0.0000259 at present, the $SHIB token has experienced a decline of more than 13% in its value over the past week.
Shiba Inu quickly rose to fame on the back of its vibrant community and the promise of rapid wealth, emerging as a symbol of how internet culture can influence financial markets.
Its widespread popularity and the growth of its ecosystem have demonstrated that meme coins have the capacity to transcend mere novelty.
However, the recent decline in Shiba Inu’s value can be attributed to various factors, with some directly linked to fluctuations in Bitcoin’s price.
Nonetheless, the future prospects for the meme coin might not be entirely grim, especially considering that a new meme crypto presale has reached its $10 million hard cap in just over a week and is now gearing up for its decentralized exchange (DEX) listing.
$SHIB Price Prediction
Shiba Inu’s price failed to establish a higher high, prompting bears to capitalize on this weakness. The token lost its momentum starting from February and has struggled to sustain upward movements since March, indicating a prolonged correction phase.
As of the current writing, Shiba Inu is trading at $0.0000271, reflecting a decline of over 20% in the past 30 days, showcasing significant price volatility. The Relative Strength Index (RSI) sits at 47.20, signifying a neutral market stance for $SHIB.
A breakthrough above the resistance level of $0.0000272 could propel bullish momentum, potentially testing the upper resistance level of $0.0000289 in the near future. Conversely, a failure to regain momentum may lead $SHIB’s price to retreat to the support level of $0.0000256 this month.
Despite market uncertainties, Shiba Inu remains bolstered by its strong community support and the promising outlook of its Shibarium protocol, prompting investors to seize buying opportunities amidst price dips.
To view more crypto price prediction videos, please subscribe to the YouTube channel provided above, and for valuable trading tips and insights into upcoming crypto presales, join Jacob Crypto Bury’s Discord server.
Shiba Inu Holders Now Eyeing Dogecoin20 Presale
While Shiba Inu continues to capture attention, a new and innovative presale project is now stealing the spotlight. Dogecoin20 has already made a significant impact in the crypto sphere during its presale phase, reaching its $10 million hard cap in just over a week, a clear indicator of investors’ enthusiasm.
Although Dogecoin20 draws inspiration from the original Dogecoin, it’s aiming to carve its own path by offering blockchain-based utility. One of its standout features is its staking protocol, enabling holders to earn passive rewards simply by holding the token.
Using Ethereum smart contracts streamlines the investment process for buyers, bypassing the complexities associated with wallet setups and token custody, thereby providing a more user-friendly experience. Potential investors can visit our guide on how to buy Dogecoin20 here.
Meanwhile, cryptocurrency YouTuber TodayTrader has dubbed it as the best meme coin to buy now.
🔥 DOGECOIN20 – Best Meme Coin to Buy Now – Launches April 20th on DOGE DAY!!! (1000X POTENTIAL) https://t.co/1Y0ypF5M1I
— Mark Kelly (@TodayTraderMark) April 4, 2024
With its attractive Stake-to-Earn mechanism, Dogecoin20 stakers can achieve a 59% APY, although this will decrease as more tokens are staked. Currently, a staggering 47.2 billion $DOGE20 has been deployed to the staking pool, reflecting a strong market appetite to earn more tokens.
The successful presale of $DOGE20 marks just the beginning, as the coin sets new fundraising milestones aimed at unlocking additional value and benefits for its holders. These milestones not only showcase the coin’s increasing popularity but also reassure investors of its potential for sustained growth.
For latecomers, developers are offering one final opportunity to get involved at a price of $0.00022 per token before the Uniswap listing on April 20th. Stay updated on the latest developments by following Dogecoin20 on X or joining its Telegram channel. To take part in the $DOGE20 token presale visit dogecoin20.io.
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