Shiba Inu Price Prediction: Surpassing Expectations, But Can Shibie Coin Offer More Value?

Updated: 08 August 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Shiba Inu has attained good heights positioning the meme token among the top coins with a robust ecosystem. SHIB traded at $0.000008982 at 7:08 am EST on August 8 while gaining nearly a 2% price increase in the last 24 hours.

Moreover, heightened anticipations around upcoming events, new ecosystem developments, plus SHIB’s increasing utility all point in a favorable direction for the meme coin.

However, SHIB is a meme token, after all, rapidly moving with emergent trends. Therefore, it remains to be seen how far it can sustain the present strides. But, the following analysis might provide hints.

Shiba Inu Price Rallies Amidst Market Fluctuations: Bull Run Ahead?

In the last 30 days, Shiba Inu has shown promising growth of over 24% with a 10% seven-day price increase. However, the surrounding developments in the SHIB’s ecosystem suggest that more could still be expected from the project.

Also, the token’s price has surged more than 2% over the past 24 hours.

This performance could be hinged on the community’s excitement about the upcoming Shibarium main net launch. Also, Binance’s recent approval of SHIB as part of its collateral assets is set to act as a determining factor behind further “buy” sentiments for Shiba Inu.

🐶 Shib 🤝 Binance @binance 🏦 approves Shiba Inu (SHIB) as a collateral asset for flexible loans on its platform 🚀 HODLers can now unlock the power of their SHIB holdings with this new utility💪💰 #SHIBARMY https://t.co/EBfYrlBD4J pic.twitter.com/kTXqHMoUbA

— Shib (@Shibtoken) August 4, 2023

While market fluctuations are unavoidable, SHIB appears poised for more gains should the current sentiment sustain.

Technical Analysis Of Shiba Inu Price Action in Short and Long Term

From the chart above, Shiba Inu (SHIB) trades between the 50-Day and 200-Day Simple Moving Average (SMA), suggesting a short-term bullish sentiment.

The bulls have formed a green candle stick, indicating increasing buying pressure and the potential for a decisive bullish market trend in the short term.

The Moving Average Convergence/Divergence is above the signal line with faded green histogram bars, demonstrating a weak bullish momentum in the SHIB market.

On the other hand, SHIB’s Relative Strength Index (RSI) is at 59.23, moving in the neutral zone. This shows the slight balance between buying and selling activities in the coin market.

If SHIB’s buying activities significantly surpass the selling activities, the RSI could push upward, projecting price rallies toward the overbought region. However, if sellers surpass the buyers, SHIB could slump to the oversold area, facilitating more downtrends.

The market condition calls for close monitoring as these indicators signal tendencies for short-term price rallies before possible declines in the coming days.

The Queen of the Crypto World, Shibie, Dashes Off to $200,000

Shibie Coin (SHIBIE) has gradually grabbed investors’ attention in crypto. Unlike some conventional tokens, Shibie Coin wishes to spice up the cryptocurrency market with its intriguing storyline and lively themes.

https://www.youtube.com/watch?v=sqTOpbwx9hM&pp=ygUGc2hpYmll

The coin’s sassy and charming nature instantly grabs the community’s attention, making it stand out among others.

Shibie is a community-centered token that prioritizes community involvement while rewarding active users.

SHIBIE’s Features and Tokenomics

The Shibie Coin’s distribution and value mechanisms are an exciting aspect of the project. The project allocated 60% of the token supply to the presale, 10% for CEX listing, 20% for liquidity, and 5% each for the project team and marketing activities.

Also, the developers plan to introduce AI bots to pique the interest of investors in the community. With the carefully planned plan, SHIBIE is poised to leave a long-lasting impression in the crypto market, allowing early investors to smile at the bank with massive returns.

The presale is only the beginning for $SHIBIE, as the roadmap reveals further partnerships and steps to conquer the crypto market.

After the presales, SHIBIE will list on major cryptocurrency exchanges (CEXs), potentially attracting more users, a feat that could boost its price.

Six Days to Go as Shibie Presale Surpasses 20% of Its Hard Cap

With six days left for the presale to wrap up, SHIBIE has gathered more than $200,000 and approaching its benchmark of $999,999. This accomplishment highlights the considerable excitement and curiosity within the cryptocurrency community for the upcoming SHIBIE debut.

With its price set at $0.000167, SHIBIE offers a promising chance for potential investors, given its affordability and accessibility.

Potential investors can join the ongoing presale by logging on to the project website and swapping BNB or ETH for SHIBIE tokens. The minimum investment threshold is 100 tokens.