Shiba Inu Price Prediction - Is $SHIB Set to Pump Again or Will This New ICO Outshine Its Success?

Shiba Inu Price Prediction – Is $SHIB Set to Pump Again or Will This New ICO Outshine Its Success?

Updated: 21 March 2024

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Shiba Inu’s weekly price has experienced a significant decrease, currently standing at $0.0000269, marking a decline of over 16%.

Despite this, Shiba Inu has demonstrated remarkable performance in the last month, achieving an impressive growth of 171%, securing its place as the 11th largest crypto.

Yet, there is a noticeable shift as investors withdraw their interest from meme crypto, and the bullish fervor observed earlier in the month appears to be fading.

Analysis of on-chain data reveals that a substantial amount of over 23 trillion $SHIB has transitioned from the possession of long-term holders to short-term traders’ wallets in the last five days.

This reduction in the balance held by long-term investors suggests that they may be capitalizing on their gains after holding for an extended period. Simultaneously, a substantial segment of the supply is now in the hands of short-term traders seeking swift profits, increasing $SHIB’s vulnerability to further selling pressure.

$SHIB Price Prediction

Currently, the price of Shiba Inu stands at $0.0000269, with a 24-hour trading volume of $1.70 billion and a market cap of $15.90 billion. Over the last 24 hours, $SHIB has seen a 5.67% increase, indicating potential for rapid gains and short-term price surges.

Looking ahead, the closest resistance level lies at $0.0000287, potentially guiding future movements, with a breakthrough possibly propelling the price to the second resistance level at $0.0000303. While short-term prospects seem promising, long-term analysis warrants careful consideration.

The 10-day Simple Moving Average sits at $0.0000268, and the 100-day SMA at $0.0000136, indicating a bullish trend. Nonetheless, amidst such fluctuations, there’s a possibility of the price retreating towards the nearest support level of $0.0000252 or even the second support level at $0.0000227.

For detailed $SHIB crypto price prediction, watch the video and subscribe to Jacob Crypto Bury’s YouTube channel for more insights. Additionally, join his Discord community with 21,000 members for valuable trading tips and insights into upcoming crypto presales.

$SHIB Crypto Alternative With 100x Potential

Dogecoin20 emerges as a prominent new meme coin, introducing an upgrade to Dogecoin in March 2024. Distinguished by its utilization of Proof-of-Stake (PoS) consensus, $DOGE20 offers enhanced versatility compared to Doge, notably allowing storage in self-custody wallets as an ERC-20 token.

Unlike the resource-intensive mining process required for Dogecoin, Dogecoin20 simply necessitates staking for holders to augment their holdings.

Over the initial two years, 15% of the total $DOGE20 token supply is slated for distribution to stakers, with a significant emphasis placed on the first year, during which 12.5% will be distributed, followed by the remaining 2.5% in the subsequent year.

Consequently, the staking Annual Percentage Yield (APY) currently surpasses 194%, with over 14.4 billion $DOGE20 tokens already staked. Nonetheless, as more tokens are acquired and staked, the APY is anticipated to decline. Potential investors can visit our guide on how to buy Dogecoin20 token here.

LFG!!! 🚀

Another insane milestone for #DOGE20! 💥🐕

Raising over $4.5 Million! 💰

Can this day get any better? 🤔

Hmm… Only if we hit $5M! 😊 pic.twitter.com/kGIpWkHYqj

— Dogecoin20 (@DOGE_COIN20) March 21, 2024

The project is presently in its presale phase, having garnered over $4.8 million, with each token priced at $0.000204. To partake in the presale, connect your Ethereum wallet and utilize $ETH, $USDT, or a card for the purchase. It is advisable to promptly stake your tokens to capitalize on the high APY.

Throughout the presale, investors will have the opportunity to acquire 35 billion $DOGE20 tokens, equivalent to 25% of the total token supply. With a fixed supply of 140 billion tokens, $DOGE20 earmarks 15% for staking rewards.

For the latest updates on this crypto presale, follow Dogecoin20 on X and join their Telegram channel to remain informed. To take part in the $DOGE20 token presale visit dogecoin20.io.