When will Shiba hit 1$?
Shiba Inu, known as SHIB, is a cryptocurrency that operates on the blockchain. It was introduced in August 2020 by an individual named Ryoshi. This token is built on the Ethereum blockchain and functions as an ERC-20 token. With a total supply of one quadrillion coins, Shiba Inu stands out as one of the largest cryptocurrencies available. Its rise in fame can be attributed to endorsements by notable figures, including Elon Musk, the CEO of Tesla.
Price Today
Today, the price of Shiba Inu (SHIB) stands at $0.00003016, with a trading volume of $2,653,154,598.94 over the past 24 hours. This indicates a decrease of -10.58% in price within the last 24 hours and a -10.97% decrease in price over the past 7 days. With a circulating supply of 590 Trillion SHIB, the market cap of Shiba Inu is valued at $17,725,031,967.
Price History of SHIB
Based on the most recent data, Shiba Inu is currently priced at $0.00003016, holding the 11th position in the crypto market. The circulating supply of SHIB is $17,725,031,967, with a market cap of 590 Trillion SHIB.
Over the past day, the value of the cryptocurrency has risen by $0.00000020. In the last week, SHIB has been on a positive trend, increasing by 0.18%.
The recent strong performance of Shiba Inu indicates a promising opportunity for investment. In the previous month, the price of SHIB surged by 240.08%, adding an impressive $0.00008 to its value. This significant growth suggests that SHIB could be a valuable asset moving forward.
Shiba Inu (SHIB) reached its peak price at $0.00008616 on October 28, 2021, over 2 years ago. Presently, the price is down by 65.13% from its highest point.
It reached its lowest price of $0.0105637 on November 28, 2020, which was more than 3 years ago. In comparison, the current price is a staggering 53,295,887.82% higher than the lowest price ever recorded.
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Technicals
Formed bull flag on 1 weekly time frame, currently have to keep an eye on breakout of it, which would be surely violent one.
It has a bearish flag-like consolidation pattern on the daily chart. After an uptrend, this formation often suggests a continuation of a downtrend. Consider a short Shiba Inu trade with moderate conviction. For confirmation, look for a confirmed break below the flag’s lower trend line. Ideally, a daily candle would close below this level. For exit, focus on a down move similar to the initial flagpole’s height. From the breakout point, project downward. Be cautious and ready to exit if price action shows signs of losing bearish momentum or breaks below significant historical support levels.
Price Prediction
Crypto experts predict that the average SHIB rate in March 2024 will be around $0.0000460, based on the price fluctuations of Shiba Inu at the start of 2023. The minimum price is expected to be around $0.0000319, while the maximum price could reach up to $0.0000602. This indicates a potential ROI of 82.4%.
