Shibarium Token ST Forecast: Does 67% Elevation Await?

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SHIBARIUM token ST has recorded massive gains at 5:45 am EST, trading at $0.02249, a 259% price gain in the past 24 hours.

This increase will increase hope for a rally among its holders. However, some uncertainties still surround the token, given that it is not affiliated with the Shiba Inu ecosystem.

SHIBARIUM Gets Listed On CoinMarketCap

SHIBARIUM’s launch on CoinMarketCap occurred two days ago, on August 15, creating excitement among its holders. This launch exposes the token to more crypto users and might drive the price surge.

https://twitter.com/shibariumtoken/status/1691463125143592960

Although the token is not affiliated with the Shiba Inu ecosystem, it still reacts to events surrounding the Shiba community.

Shiba Inu lead developer Shytoshi Kusama teased a release date for Shibarium with a video trailer and a caption “soon becoming tomorrow,” referring to the pending Shibarium launch.

#shibarium #keynote https://t.co/K6Yj9FBsSi

— Shytoshi Kusama™ (@ShytoshiKusama) August 15, 2023

The anticipation for Shibarium’s launch might be indirectly driving the rally for the SHIBARIUM token due to the striking similarities.

Token Burns Contributing to Price Spike

https://twitter.com/shibariumtoken/status/1691950699679297618

Data from Etherscan.io reveals that 10 million SHIBARIUM tokens were burnt today, August 17. Also, after the first one, 6 million tokens were burnt in two separate transactions. Token burns often create scarcity, increasing prices since the circulating supply is reduced.

Moreover, SHIBARIUM is live trading on Uniswap and Dextools.io, leading to a spike in its trading volume and price. Also, the developers hinted at a possible listing on Binance and other reputable exchanges, another factor likely behind the price surge.

https://twitter.com/shibariumtoken/status/1692092049649234382

Furthermore, the developers announced a 5,000 SHIBARIUM giveaway for followers who complete simple tasks to qualify for the event.

https://twitter.com/shibariumtoken/status/1691845322698559670

The event will likely draw more users to interact with the ecosystem creating a more favorable price outlook.

SHIBARIUM Price Analysis

The 15-mins chart for SHIB/USD shows that the asset is in the neutral zone after bullish dominance.

SHIBARIUM found critical support at the $0.021 price level sending it close to the $0.027 resistance level. A break above this level will lead to further price gains for the asset.

SHIBARIUM has formed three consecutive green candles with higher highs on the daily timeframe. It shows aggressive buy pressure in the market still evident in the shorter 15-minute time frame with a significant number of green candles.

Also, SHIBARIUM attempted to break into the Donchian Channel’s upper region (DC) in the 15-minute timeframe. However, a drop below the $0.027 resistance level shows that the bears are still active in the market.

The Relative Strength Index (RSI) is in the neutral zone displaying a value of 46.12. However, the indicator is rising, hinting at a possible break to the upside for the asset.

The Moving Average Convergence/Divergence (MACD) is below its signal line showing a re-entry of the sellers in the market. However, the MACD is rising to break above its signal line, a sentiment echoed by its Histogram bars fading from red, confirming the return of the bulls.

Although the shorter time frame shows some bearish sentiments, the overall SHIBARIUM price outlook is largely positive, driven by several market forces. A retracement for consolidation remains possible once it enters the overbought region.

SHIBARIUM Alternative

While SHIBARIUM records massive gains, investors can take advantage of Pikamoon, the gaming token on presale. It is a play-to-earn (P2E) project committed to rewarding users with $PIKA tokens for participating in activities within its ecosystem.

Pikamoon’s Exciting Ecosystem

Users can unleash their creative potential in this ecosystem and build a team of monsters. The Pikaverse houses unique species, gems, and rewards in different regions.

Pikaverse generates much excitement in the crypto sphere, with some users seeing it as the next Axie Infinity.

It is an adventure game where users compete with water, fire, electricity, or earth in four regions. Also, the Pikaverse relies on two blockchains, Ethereum and MultiversX, with the gaming regions and NFTs equally divided between these two blockchains.

Additionally, the in-game marketplace enables users to acquire assets with PIKA. These assets include weapons, extra health, and spells. Also, virtual lands for buildings are available on the marketplace.

The Pikaverse features several kinds of NFTs, with PIKA holders having a chance to claim one. The NFTs are limited edition, and only 18,012 first-generation minted NFTs will be gifted to token holders for free.

Presale Moves and Tokenomics

PIKA is in the last presale stage, with each token worth $0.0006 and the eventual launch price set at $0.0007.

Investors have committed over $3.88 million to the project out of the set target of $6 million, with over 11.4 billion tokens sold out of the 15 billion set aside for presale. Investors must act fast to accumulate $PIKA tokens before their listing and potential price surge.

Users can purchase these tokens with ETH from a secure and Web3-compatible wallet. Also, token claims will open after the presales conclude on the official website claim page.

CoinSniper verified Pikamoon’s team to ensure anti-rug and boost investor confidence in the project. Regarding tokenomics, PIKA has its total supply capped at 50 billion tokens, with 15 billion (30%) assigned for the presale stages.

Also, 7.5% (3.7 Billion) of the total supply will go to the liquidity pool to preserve liquidity in the ecosystem. Interestingly, 32% of the total supply (16 Billion) is for ecosystem development. It shows the commitment of the developers to progress in the ecosystem.

Pikamoon will likely replicate the success of Pokemon and other interesting projects with its captivating gameplay and exciting features.