Shiba Inu Price Dips 7.3% to $0.00000749 – Where to Buy SHIB

Shiba Inu Price Dips 7.3% to $0.00000749 – Where to Buy SHIB
Shiba Inu Price Dips 7.3% to $0.00000749 – Where to Buy SHIB

The cryptocurrency market has been doing its best to pick up from the May market crash, but this market now seems to be resisting an uptrend. Bitcoin retreated after pushing past $40K and it is back to trading at $37,000. Ethereum is also now below the $2400 support. Most altcoins have also retreated to the red zone.

Shiba Inu con has not been left behind in this redundancy. The meme coin has dropped 7.3% in the past 24 hours to reach $0.000000749. The fall comes a few days after an upsurge that happened after the token was listed on Coinbase Pro.

SHIB Price Analysis

SHIB Price Analysis 18 June
Source: TradingView

One of the main reasons that SHIB picked up in May is because of the hype stating that the token could be the ‘DOGE killer’. However, this sentiment seems to be dying down as SHIB fails to recover from the May market meltdown.

The main critical level that SHIB needs to push past is $0.000010. However, with the trend that altcoins have been taking recently, it may be hard for SHIB to push to that level. However, if buyers pump the price by buying in the dip, the price surge is likely to happen.

As it seems, the price of dog tokens seem to be dropping and they are no longer gaining a strong market push as they did in April and May. This may have been partially been caused by sentiments that SHIB and dogecoin are only good for speculation. This was affirmed after the Thailand SEC stated that exchanges in the country would no longer offer meme coins.

However, things are changing for SHIB and it may soon be picking pace as a medium of exchange. Recently, Grupo Cinco, which is a leading entertainment company in Paraguay, stated that it would start accepting cryptocurrency payments in its 24 outlets. Among the tokens, the firm will be approving include SHIB.

The popularity of SHIB was also boosted after listing on Coinbase, one of the largest exchanges in the world.

Where to Buy SHIB

Some of the exchanges where you can purchase Shiba Inu include:

  • eToro

One of the exchanges that support SHIB tokens is eToro. The exchange makes it easy for users to open an account. Besides, it offers a set of features that will allow beginner investors to learn about how they can increase their chances of making profits in this volatile space. These features include copy trading and demo trading.

  • Binance

Binance is the largest crypto exchange in the world. It offers a wide range of cryptocurrencies and especially altcoins. It is also a user-friendly site that makes it easy for new users.

Looking to buy or trade Crypto now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Remember, all trading carries risk. Past performance is no guarantee of future results.

A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.