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Shiba Inu Price at $0.0000598 after 22.9%gains – How to buy SHIB

Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB)

Shiba Inu has been one of the best performing altcoins in the cryptocurrency market over the past month. Much of Shiba Inu’s gains were made in October, but it now seems like November is also coming with its own set of gains.

Shiba Inu is trading at $0.0000598 at the time of writing after a 22.9% gain in 24 hours.

Shiba Inu price analysis

Shiba Inu Price Analysis Oct 6

Shiba Inu has shown exemplary performance over the past few weeks. After reaching an all-time high of $0.00086 last week, the meme coin failed to maintain those highs and instead, it dropped to the current lows.

If Shiba Inu continues with its gains, we could see the meme coin holding the levels of $0.00006. This will allow it to set the next target at $0.000065 and $0.00007. Currently, the gains are because of increased buyer support, which could have been triggered by traders who bought during the recent price dip.

There is also a chance that SHIB will fail to hold these highs if selling pressure increases. During the recent dip, the meme coin had dropped to the lows of around $0.00004, and this could happen again if traders fail to buy or if traders decide to dispose of their holdings.

While activity on the SHIB network has dropped, buyer interest is still high. Brandon King, a reputable NFL star, recently stated that he would be buying more SHIB coins, an indication that despite making the recent dips, the meme coin is still turning heads, and investors are still hopeful of major price gains.

The buzz regarding SHIB’s listing on Robinhood is also high, given that the exchange recently teased the SHIB community with an Instagram poll. The poll asked people to vote on what gives Shiba Inu its strength. The poll gave three options: Elon Musk’s endorsements, the community and the number of Shiba Inu comments on social media.

Where to buy SHIB

If you want to buy Shiba Inu during the current bullish rally, you can open a cryptocurrency exchange account on eToro. eToro is one of the leading exchange platforms, and it comes with unique and user-friendly features such as low trading fees and commissions. The exchange also supports a wide range of cryptocurrencies and trading pairs.

Your capital is at risk.

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eToro - Best Cryptocurrency Platform

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eToro - Best Cryptocurrency Platform

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eToro - Best Cryptocurrency Platform
Buy Crypto

68% of retail investor CFD accounts lose money.

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