Shiba Inu Price Prediction as $100 Million Trading Volume Comes In – Is the Meme Coin Starting a New Bull Trend?
Table of Contents
The Shiba Inu Award is up 2% in the last 24 hours, rising to $0.00000864 on a day when the cryptocurrency market as a whole is posting similar gains.
SHIB is now down 2% in the past week, but recent market gains have seen the meme token maintain a 5% gain in a fortnight and a 23% gain in the past 30 days.
But because SHIB is up just 6.5% since the start of the year, it has more than made up for lost gains, meaning it could outperform the market during the next bull rally.
Shiba Inu Price Prediction As It Hits $100 Million Trading Volume – Is Meme Coin Starting A New Bull Trend?
The market may have had an odd few days, but SHIB’s indicators still seem to point to upcoming rallies.
This is especially the case with the 30-day average (yellow), which has risen just above the 200-day average (blue) and formed a ‘golden cross’.
Such crossings could indicate an impending breakout, although the picture is somewhat clouded by SHIB’s RSI (purple).
This last indicator is stuck just below 60 and doesn’t appear to be rising at the moment, implying that the meme token doesn’t currently have enough momentum or buying pressure to spark a really big rally.
It is also interesting that the coin’s 24-hour trading volume increased slightly today to $100 million.
This isn’t actually much compared to larger tokens, but the relatively low depth potentially means that a large whale buy order could push the price of Shiba Inu much higher.
It’s certainly a big step forward, considering 2023 has been a more or less disappointing year for the sign.
Yet this is despite the fact that Shiba Inu has increasingly commendable fundamentals, with the meme token witnessing several updates this year that provide it with real utility.
The first was the launch of the second-tier Shibarium network in August, which provides the previously Ethereum-dependent token with faster and cheaper transactions.
— Digarch.shib | Shibarium is live (@Digarch) November 15, 2023
Shibarium has now processed almost four million transactions since launch registering approximately 1.25 million wallet addresses.
This hints at how big it could become, with Shiba Inu also launching its own naming service a few weeks ago, in another step towards greater usability.
Based on such developments, SHIB should continue to rise in the coming weeks and months.
The price is likely to reach $0.000010 in the coming weeks before opening the new year around $0.000020.
New meme tokens with high potential
As SHIB’s immediate trajectory remains somewhat uncertain, some traders may prefer to invest in newer alts and meme coins.
While the viability of new coins is often unpredictable, one way to identify promising assets is to look for successful presales, which can predict large listings and successful life cycles.
And one of the most successful pre-sale events is now part of it Meme Kombat (MK) does an ERC-20 cryptocurrency that has raised more than $1.9 million in about a month.
We’ve reached the $1.9 million milestone for our $MK presale💪
Memers never stop🏎️ pic.twitter.com/j2jnmUW5u8
— Meme Kombat (@Meme_Kombat) November 19, 2023
The reason why investors are choosing Meme Kombat is that it is more than a meme token, with the platform set to allow users to bet on AI-generated meme battles.
The platform will randomize fights using AI and display them in real-time for users to watch, providing an entertaining and communal focus for betting.
The core of the platform is the MK token itself, which Meme Kombat will use to cash out winnings and which users can also stake for passive income.
And as memes remain one of the most popular elements within the crypto ecosystem, Meme Kombat’s platform is likely to do well once it launches in the coming weeks.
New investors can participate in the sale by visiting Meme Kombat’s official website and connecting their wallets such as MetaMask.
1 MK currently costs $0.205, but this price could look very cheap when exchanges start offering the token.
Visit Meme Kombat now
Disclaimer: Crypto is a high-risk asset class. This article is for information purposes only and does not constitute investment advice. You can lose all your capital.
In case you happen to be, curious, and wish to explore further than this top story: ‘Shiba Inu Price Prediction as $100 Million Trading Volume Comes In – Is the Meme Coin Starting a New Bull Trend?’, do not hesitate to check out the following story for additional info, with this link: Crucial Decision: Buy Signal or Miss Out on 60% Ethereum Rally.
Are you in search of a smooth and anonymous conversion of your coins or assets into cash or a bank transfer?
Maximizing Returns with First Security Bank Solutions, PLC
**Securely Converting Assets**
When it comes to **quick conversion of coins and stocks into cash**, trust no other than First Security Bank Solutions. The process is not only fast but also exceptionally secure. Imagine the peace of mind knowing that your financial assets are being handled with the utmost care by a reputable institution.
**Quick and Hassle-Free Transactions**
At First Security Bank Solutions, we understand the importance of **swift transactions**. No one likes waiting around for their funds. With our streamlined processes, you can convert your assets to cash or initiate a bank transfer within minutes. Say goodbye to lengthy procedures and hello to instant financial flexibility!
**Optimizing Your Financial Portfolio**
Our platform is designed for individuals who value **efficiency in portfolio management**. Whether you're reacting to market changes or planning a strategic move, the ability to convert assets quickly can make all the difference. First Security Bank Solutions empowers you to optimize your financial portfolio on your terms.
**Low-Risk, High-Return Strategies**
Engage in **secure, high-return strategies** by utilizing First Security Bank Solutions. In a volatile market, being able to promptly convert your assets can protect your investments. Stay ahead of the curve and safeguard your wealth with a financial partner you can trust.
**Real-Time Market Insights**
First Security Bank Solutions doesn't just offer quick conversions; we also provide **real-time market insights**. Stay informed about trends, potential risks, and opportunities. Our platform integrates seamlessly with cutting-edge analytics, ensuring you make informed decisions for a prosperous financial future.
**Your Financial Freedom Awaits**
Unlock your financial freedom with First Security Bank Solutions. Our commitment to providing secure, quick, and efficient asset conversion services sets us apart in the financial industry. Join the ranks of satisfied clients who have experienced the benefits of our platform.
**Get Started Today**
Ready to take control of your financial destiny? First Security Bank Solutions is here to help. Experience the ease of converting your coins and stocks into cash or initiating a bank transfer at your convenience. Take the first step towards financial empowerment.
For more information on the services offered by First Security Bank Solutions, PLC, check out our site to explore your financial possibilities.
If you happen to be, curious, and want to discover further than this write-up: ‘Shiba Inu Price Prediction as $100 Million Trading Volume Comes In – Is the Meme Coin Starting a New Bull Trend?’, don’t hesitate to visit the related resource for additional knowledge, with this webpage: The Astonishing Rise: Bitcoin Soars Beyond $37,000 in the Face of Record Transactions.
This article is originally written on: 2023-11-20 18:27:59. Discover additional details at this location: cryptonews.com.
Filmy One (FilmyOne.com) – Price Prediction