Shiba Inu Price Prediction: SHIB Flat at $0.000008173 - Market Speculation or Fundamental Shift?

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Shiba Inu is valued at $0.000008173, and SHIB has traded for around $178.98 million in the last 24 hours. The trading pace slowed by about 0.50%, and SHIB’s Price increased by above 3%.

Last week, the Price of SHIB went down by about 19%, but in the past month, it went up by around 5%.

The Shiba Inu coin (SHIB) stayed steady at $0.00007991 from June 7 to August 22. Traders and investors wonder if this is because of market guessing or something bigger is happening in the background. Keep watching the SHIB market. This article will explore how SHIB might do in the next few weeks.

Shiba Inu (SHIB) Statistics:

Today’s price – $0.000008173
Market cap – $4.82 Billion
Circulating supply – 589.35T SHIB
Total supply – 589.35T SHIB
Coinmarketcap ranking – 14

Shiba Inu’s Journey: Observing Resistance and Support Zones

Check out the daily chart for essential details. The price of SHIB might reach a level where it faces resistance at $0.000009440. If it gets there, the price could go up. But if it doesn’t go past that level, it might go down to around $0.000007780, a support zone.

Source: TradingView Daily Chart SHIB/USDT

Keep these essential points in mind when looking at the chart: there might be resistance around $0.000009440 and $0.00001085, and the price could find support at $0.000007780 and $0.000007360.

If the price stays above the moving averages for 100 and 200 days, it might rise and reach $0.00001150 or more in the next few days.

SHIB’s RSI is above 50, suggesting the price might increase in the next trading session. Moving averages and RSI signals show that SHIB’s price could increase. Keep an eye on support level S1 at $0.000007780 and the RSI-14. The price might decrease if the first support level breaks and the RSI-14 drops below 50. Stop-loss orders are a clever way to protect your investment from significant losses.

Promising Alternative to Shiba Inu (SHIB)

Sonik Coin is a unique kind of cryptocurrency, like a meme coin. It’s aiming to reach a value of $100 million swiftly. Drawing inspiration from Sonic the Hedgehog, Sonik Coin lets you earn rewards by keeping your coins.

The Sonik project has a neat way to make money called annual percentage yield (APY). It’s the first cryptocurrency that gives you staking rewards!

You can start staking your coins to earn rewards right from the beginning. They’ve set aside 40% of all the tokens for rewards that people in the community can get over four years.

By August 23, more than 120 million $SONIK tokens had been staked, earning a massive APY of 26,648%. This number will go down as more people stake their tokens.

Sonik Coin’s goal is to reach just $2 million, so it might get snapped up quickly. Get ready for some enjoyment and a chance to earn rewards!

Sonik’s Special Strategy and Possibilities for Expansion

Staking can help Sonik do well and attract more interest. It also prevents too many people from selling Sonik when it’s on Uniswap, which makes buyers feel better.

Consider investing soon because the presale might end in about two weeks or even more shortly. Sonik has already collected around $342,000 in the presale.

To stay updated on Sonik news and be the first to know about listings, follow them on Twitter and join their Telegram group.

speedy lil’ ba**ard pic.twitter.com/Lb9yj2lGoe

— SONIK COIN (@Sonikcoin) August 22, 2023

Sonik is interesting because a famous game character inspires it and includes funny memes. The website showcases amusing characters demonstrating how creative artists can be with Sonik and his friends.

We can’t be sure how much Sonik’s value will increase, so it’s wise to take action quickly to benefit from its growth possibly. They’re aiming to make it enjoyable and profitable.

If Sonik’s value goes up by 50 or even 100 times, a $1,000 investment could turn into $50,000 or even $100,000.

One token is like a quick light – about 300 billion of them. Analyst Crypto Bury predicts on his YouTube channel that Sonik’s price could increase ten times.

Rising Interest in Sonik Across Asia: Safe Opportunity to Invest in Presale

Sonik might gain popularity in Asia because it’s linked to the creators of Sonic the Hedgehog, even though it’s not an official Sega Sonic character. It aims to interest crypto fans in Japan and other Asian countries.

To catch the attention of this audience, the Sonik website will soon have translations in Japanese, Simplified Chinese, and Korean. Asia has many crypto enthusiasts, making it a promising place for Sonik to expand.

When considering investing in a presale, security is crucial. Sonik takes security seriously and carefully checks its smart contract, setting it apart from many other meme coins.

The safety report will soon be available on the website for everyone to read. Sonik’s presale is fair. They’re selling 50% of the tokens to the public, reserving 40% for rewards, and allocating 10% to assist with trading.

After the presale ends, you can purchase Sonik on the Uniswap DEX. You’ll need ETH or USDT to buy the tokens. Link your wallet to the Sonik website to make the purchase, but do it promptly to avoid missing out.