Shiba Inu (SHIB) Price Prediction: SHIB to Doge-Dance to a New High or Low?

Updated: 11 September 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 (SHIB) has been a hot topic in the crypto world since its price fluctuates significantly. SHIB could follow in the footsteps of Dogecoin (DOGE) and reach remarkable highs, while other analysts remain cautious, suggesting it may fall.

Several factors will determine SHIB’s trajectory, such as market sentiment, trading volume, and overall crypto market conditions.

Shiba Inu is currently trading for around $0.000007122. The 24-hour trading volume for Shiba Inu is about 85.6 million. Trading activity increased by 32%, but SHIB’s price dropped by around 4%.

Over the past week, SHIB’s price dropped by about 8% and fell by 29% in the last month. Many traders and investors see this decline as an opportunity to buy at a lower price and profit later.

Watch the SHIB market. SHIB’s performance in the next few weeks will be discussed in this article.

Shiba Inu (SHIB) Statistics:

Today’s Price – $0.000007122
Market cap – $4.2 Billion
Circulating supply – 589.35T SHIB
Total supply – 589.35T SHIB
CoinMarketCap ranking – 16

Shiba Inu’s Price Analysis: Keeping an Eye on Key Resistance and Support Zones

Here’s what you need to know about the daily chart: The price could hit the $0.000008670 resistance level. If it reaches that point, the price might go up. If it stays below that level, it will drop to $0.000006940, a support level.

Source: TradingView Daily Chart SHIB/USDT

The price might find support near $0.000006940 and $0.000006420 and resistance at $0.000008670 and $0.000009460.

It could keep increasing, possibly reaching $0.000008750 or even more, if the price stays above the 50 and 100-day moving averages.

The SHIB’s RSI is around 40, which suggests the price will decrease shortly. RSI signals and moving averages suggest a decline in SHIB. Don’t forget to watch out for the S1 support level at $0.000006940 and the RSI-14. The price might drop if the first support level breaks and the RSI-14 drops below 40. Put stop-loss orders in your trades. It helps you protect your investment.

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Bitcoin BSC: Quick and Smart Earnings Through Staking

Stake BTCBSC on the Binance Smart Chain and get passive income. This is similar to Bitcoin (BTC), but it’s got some cool features. In contrast to Bitcoin, which uses a complicated and expensive transaction method, Bitcoin BSC uses a faster and more efficient proof-of-stake system. The BEP-20 token doesn’t have the high fees associated with Ethereum tokens.

You can stake your Bitcoin BSC tokens and get rewards with proof-of-stake. According to bitcoinbsc.io, the stake pool currently offers 0.25 BTCBSC per block. This might yield big rewards, but the rewards could decrease as more people join.

Despite that, it’s probably more attractive than most other stake pools, which typically offer between 5% and 10%. Staking will take up a big chunk of the 21 million BTCBSC tokens.

Bitcoin (BTC) and BTCBSC tokens are long-term sustainable, possibly for 120 years. The long-term vision indicates the project’s potential and encourages people to hold on to their tokens, helping them keep their value.

BTCBSC Presale Takes Off with Great Momentum

As of September 5th, the Bitcoin BSC presale had already attracted much attention on the Web3 platform. The campaign raised over $1 million in just six days. The total number of tokens in Bitcoin BSC is 6.15 million, with the remaining tokens to be released later.

https://twitter.com/Bitcoinbsctoken/status/1699000085290369232

As part of the presale, BTCBSC started with 4 million tokens, each priced at $0.99. An additional 2.125 million tokens are available if the presale is successful and sells out quickly.

A total of 29% of all tokens are available during the presale. It is expected that 69% of the tokens will be released over 120 years. Also, BTCBSC has given out 420,000 tokens (2%) on decentralized exchanges.

For more information, check out the whitepaper or join their Telegram group. The Bitcoin BSC website lets you buy BTCBSC tokens with BNB, USDT, or ETH.

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