{"id":431523,"date":"2023-08-21T05:18:05","date_gmt":"2023-08-21T05:18:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=431523"},"modified":"2023-08-21T05:18:05","modified_gmt":"2023-08-21T05:18:05","slug":"shiba-inu-price-prediction-shib-dips-22-in-a-week-time-for-investors-to-hold-or-fold","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shib-dips-22-in-a-week-time-for-investors-to-hold-or-fold","title":{"rendered":"Shiba Inu Price Prediction: SHIB Dips 22% In a Week \u2013 Time for Investors to Hold or Fold?"},"content":{"rendered":"<p>Shiba Inu has dipped by 22% in a week, with another 1.79% drop added to the mix yesterday.<\/p>\n<p>Is the world&rsquo;s second-biggest memecoin losing its steam, and you should go elsewhere, or does the recent drop signal an upcoming price jump that will push SHIB closer to its all-time high level?<\/p>\n<h2>Shiba Inu has Gone Through a Weekly Dry Run<\/h2>\n<p>Shiba Inu has experienced a weekly loss of 18.7%. The memecoin has dropped by 1.79% in the last 24 hours alone<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-431524\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-has-Gone-Through-a-Weekly-Dry-Run-.png\" alt=\"Shiba Inu has Gone Through a Weekly Dry Run&nbsp;\" width=\"1412\" height=\"625\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-has-Gone-Through-a-Weekly-Dry-Run-.png 1412w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-has-Gone-Through-a-Weekly-Dry-Run--300x133.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-has-Gone-Through-a-Weekly-Dry-Run--1024x453.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-has-Gone-Through-a-Weekly-Dry-Run--768x340.png 768w\" sizes=\"(max-width: 1412px) 100vw, 1412px\"><\/p>\n<p>At press time, the SHIB price stands at $0.0000083, accompanied by a market capitalization of $4.8 billion and a 24-hour trading volume of $148 million, which is 11.40% lesser than the day before.<\/p>\n<h2>Will Shiba Inu Go up?<\/h2>\n<p>While Shibarium got released after much anticipation, it has next to no effect on the Shiba Inu price chart.<\/p>\n<p>The reason could be what Shibarium represents, a way by Shiba Inu to let go of its memecoin roots and become a serious asset.<\/p>\n<p>Shibarium went live on August 17th, giving users a blockchain that is more scalable, efficient and has fewer blockchain-related drawbacks than Ethereum.<\/p>\n<p>While the current reception to this blockchain is lukewarm, Twitter shows that the crowd is waiting, with many followers saying, &ldquo;only about a matter of time we see shib to the moon.&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Only about a matter of time we see shib to the moon<\/p>\n<p>&mdash; Henrycruz&#127472;&#127466; (@henrycruz949) <a href=\"https:\/\/twitter.com\/henrycruz949\/status\/1692805408203645096?ref_src=twsrc%5Etfw\">August 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>There are many other positive reactions, which are responses to the Shib team posting that they are tirelessly working to scale Shibarium.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/SHIBARMY?src=hash&amp;ref_src=twsrc%5Etfw\">#SHIBARMY<\/a> our team is working tirelessly to scale Shibarium. Dive into the latest blog post update about our efforts here: <a href=\"https:\/\/t.co\/CmIt9upxMC\">https:\/\/t.co\/CmIt9upxMC<\/a><\/p>\n<p>&mdash; Shib (@Shibtoken) <a href=\"https:\/\/twitter.com\/Shibtoken\/status\/1692802293706445112?ref_src=twsrc%5Etfw\">August 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The team said in a blog post that they have already scaled the operations for Shibarium by <a href=\"https:\/\/blog.shib.io\/shibarium-scaling-post-2\/\">1500%<\/a>, with more increases on the way.<\/p>\n<p>These scaling efforts could mobilize investors to pay heed to what Shibarium has to offer,&nbsp; which could pump the price of Shiba Inu. However, it still remains a speculation.<\/p>\n<h2>Shiba Inu Price Analysis<\/h2>\n<p>The memecoin has largely traded in the red since August 19th. However, hourly price charts also show that there is a red and green candle coupling (a red candle followed by a green candle), which means a tug of war is going on between the bears and the bulls, and bulls have some control &ndash; despite the weekly loss Shiba Inu has experienced.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-431525\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Price-Analysis-August-21st.png\" alt=\"Shiba Inu Price Analysis August 21st\" width=\"1717\" height=\"1439\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Price-Analysis-August-21st.png 1717w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Price-Analysis-August-21st-300x251.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Price-Analysis-August-21st-1024x858.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Price-Analysis-August-21st-768x644.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Price-Analysis-August-21st-1536x1287.png 1536w\" sizes=\"(max-width: 1717px) 100vw, 1717px\"><\/p>\n<p>After reaching an intra-day bottom of $0.0000082, Shiba Inu has been trying to move up in the price charts. The memecoin&rsquo;s RSI is closer to the oversold zone but is getting near to the middle, and its MACD is negative &ndash; both indicating that the overall sentiment about SHIB is still indifferent.<\/p>\n<p>However, this speaks of the dissonance between what people say on Twitter and what&rsquo;s happening on the price charts. It could mean that crypto Twitter users and investors may not be on the same page. That mixed sentiment can create a volatile ecosystem for SHIB, which could act as the catalyst for its upcoming growth.<\/p>\n<h2>Shiba Inu Alternative &ndash; Chimpzee<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/chimpzee\" rel=\"nofollow\">Chimpzee<\/a> is a green cryptocurrency that has recently gained more momentum during its presale.<\/p>\n<p>This project leverages multiple attributes of the &ldquo;earn&rdquo; ecosystem to provide a way for users to earn money while protecting the environment.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-431526\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Chimpzee-new-Crypto.png\" alt=\"Chimpzee new Crypto\" width=\"1146\" height=\"721\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Chimpzee-new-Crypto.png 1146w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Chimpzee-new-Crypto-300x189.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Chimpzee-new-Crypto-1024x644.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Chimpzee-new-Crypto-768x483.png 768w\" sizes=\"(max-width: 1146px) 100vw, 1146px\"><\/p>\n<p>These three mechanics are Shop to Earn, Trade to Earn, and Play to Earn.<\/p>\n<p>Shop to Earn is how you can earn CHMPZ tokens by merely shopping on the Chimpzee shop<\/p>\n<p>With Trade to Earn, you can earn CHMPZ tokens by merely trading NFTs on the Chimpzee marketplace.<\/p>\n<p>With Play to Earn, you can play a Zero Tolerance Game and earn CHMPZ tokens for completing tasks.<\/p>\n<p>These factors have contributed to Chimpzee raising more than $1.2 million. Those interested in this unique presale project should go to <a href=\"https:\/\/insidebitcoins.com\/visit\/chimpzee\" rel=\"nofollow\">chimpzee.io<\/a>.<\/p>\n<h3>Related<\/h3>\n<ol>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/harrypotterobamapacman8inu-price-prediction-hpop8i-surges-31-meme-coin-renaissance-or-just-a-fluke\">HPOP8I Price Prediction<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/spacex-sold-373-million-worth-of-bitcoin-acquired-in-2021-2022\">SpaceX Sold $373 Million worth of Bitcoins<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/is-it-too-late-to-buy-shiba-inu\">Is it too late to Buy Shiba Inu?<\/a><\/li>\n<\/ol>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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Is the world&rsquo;s second-biggest memecoin losing its <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1854,"featured_media":431527,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-431523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu Price Prediction: SHIB Dips 22% In a Week \u2013 Time for Investors to Hold or Fold? - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Shiba Inu has dipped by 22% in a week, with another 1.79% drop added to the mix yesterday. 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