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Shiba ($SHIBA), self-proclaimed as ‘The Doge Killer Rebirthed,’ is a new meme coin aiming to restore Shiba Inu’s reputation as the Doge killer.
Are you aware that @RebirthOfShiba is getting ready to launch its highly-anticipated blockchain, #Shibarium, this week, while @Shytoshikusama hasn’t succeeded in doing so up to now? Exciting times ahead! #SHIBA 🐕🚀 pic.twitter.com/nyCNCQXaYd
— Max (@MaxMM33) October 1, 2023
$SHIBA has experienced a price surge of more than 3034% in the last month and over 127% in the last 24 hours, as of 1:38 p.m. EST. Additionally, its trading volume has hiked by 913% in the last 24 hours, reaching $3,600,974, according to data from CoinMarketCap.com.
Fibonacci Retracement Indicates Correction May be Over
The key support levels for the SHIBA price are $0.000000001972 and $0.000000002850, while the primary resistance levels lie at $0.000000006679 and $0.000000008443.
On the 1-hour chart, the Fibonacci retracement indicator reveals that the price of SHIBA has corrected to the 78.6% level. A descent below this point would signify a complete reversal in the trend. Since the price has pierced through the 23.6%, 38.2%, and 61.8% support levels, it is anticipated to rebound off this final level and ascend again.
The Relative Strength Index (RSI) (14) currently resides at the 43-level, gradually moving toward oversold territory. When the RSI dips below the 30 level, the market considers an asset oversold, which typically serves as a buy indicator. Consequently, new buying pressure may soon return to SHIBA.
Over the past 12 hours, SHIBA’s price has been declining while its volume has been increasing. A surge in volume concurrent with a fall in an asset’s price often indicates an imminent bounce when the price reaches a nadir or robust support.
Can SHIBA Achieve What SHIB Did?
Further, research by @comparemcap on Twitter (now X) suggests that if SHIBA manages to rally and attain the current market cap of Shiba Inu, its price will reach $0.0₅58, representing a 28,720x increase.
🚀 If $SHIBA (@RebirthOfShiba) reaches $SHIB's current market cap, its price would be $0.0₅58. That makes 28,720x!
You can now compare Shiba with over 3500 coins at https://t.co/kiMeAukuPP. pic.twitter.com/ApKBINdqFU
— CompareMarketCap (@comparemcap) October 9, 2023
Investors might also consider investing in this coin, which promises returns similar to SHIBA’s. MK allows investors to participate in its presale coin and utilize its play-to-earn features for high yields.”
Buy Meme Kombat (MK), Participate in Stake-to-Earn Program
Meme Kombat (MK) powers the Meme Kombat ecosystem, a stake-to-earn project that rewards players for participating. It’s an innovative gaming platform designed specifically for gaming enthusiasts. Players can select their favorite meme or choose based on playing odds.
We are looking forward to this week ahead. It will be a big one for $MK 👀#MemeKombat pic.twitter.com/1hxWJXYJYQ
— Meme Kombat (@Meme_Kombat) October 8, 2023
The project is currently in its presale stage and experiencing rapid growth, indicating a milestone of $414,342, which has already been raised, and the presale is rapidly approaching the $1,000,000 milestone.
Crypto analysts are optimistic about Meme Kombat’s potential for significant growth, suggesting it could become the next big meme coin in the industry, potentially even outperforming its peers like Dogecoin (DOGE) and Pepe (PEPE).
Crypto influencer Joeparys, with 382k subscribers on YouTube, recently provided an honest review of this rising meme token in a video, stating that it has the potential to grow 100 times in value.
No Bs Crypto also shared information about the new meme coin with his subscribers, suggesting it could overshadow PEPE.
Buy Fast, Enjoy 112% APY
Meme Kombat combines gaming, meme coins, and gambling within its platform, creating a unique ecosystem where popular meme characters engage in battles and users can place wagers on the outcomes.
Who else is getting excited for Season 1 of #MemeKombat. pic.twitter.com/Nott2HclvK
— Meme Kombat (@Meme_Kombat) October 9, 2023
Meme Kombat employs a completely decentralized Web3 system focusing on trust and transparency. Users can purchase Meme Kombat tokens ($MK) for $1.667, and the platform provides updates on X (formerly Twitter) and Telegram.
Unlike meme coins like Dogecoin, which lack utility features, Meme Kombat offers staking opportunities for users to earn a passive income with an enticing annual yield (APY) of 112%. This yield is supported by tokens allocated to community rewards, ensuring a low level of risk.
To join the action, you can purchase MK using Ethereum (ETH) or Tether (USDT) today by connecting your Web3 wallet to the Meme Kombat website.
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