Shiba Inu (SHIB/USD) made an intraday 8% gain on Wednesday to trade at $0.000009. The rise reflected a slightly improved crypto sentiment. Most cryptocurrencies were trading in the green territory, with Bitcoin and Ethereum up 5% and 7%, respectively. However, there are some notable developments for the Shiba Inu network.
On November 22, Shiba Inu lead developer Shytoshi Kusama reported positive cryptocurrency news. In a Twitter post, Kusama said that Shiba Inu had been invited to work with the World Economic Forum on global policy. That potentially means a metaverse-related one, with Shiba Inu already entering the space. The post solicited views from the Shiba community on whether cryptocurrency should work with the global body. An overwhelming 65% of respondents supported the idea.
Onboarding the WEF is positive for Shiba Inu as it works to build a real utility for its meme-labelled cryptocurrency. The development is, of course, long-term, and it needs waiting to see how it unfolds. Meanwhile, the amount of SHIB held by Ethereum’s largest whales has fallen below $70 million. However, the number of SHIB token holders recently increased by 6,000. But how bullish is the meme token?
The general trend for SHIB is bearish on the daily chart. The MACD indicator shows bear momentum, although the weakness has slightly cooled off.
SHIB is also recovering from a near-oversold RSI reading of 35. Each time SHIB has approached this level, the token has recovered or consolidated since June. Still, the current RSI reading of 41 is below the midpoint, signalling that sellers are still many.
How sustainable is SHIB recovery?
A recovery near the oversold region is positive for SHIB price. However, the trend is still bearish, and SHIB is vulnerable. For sustainable gains, SHIB must overcome a minor resistance at the $0.000009 trading level. A recovery above this level will keep $0.00001 and $0.000012 levels in sight.
If SHIB fails the potential recovery, the level around $0.000007 will be the likely support to the downside.
Where to buy SHIB
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
As cryptocurrencies continue to whipsaw, Shiba Inu (SHIB/USD) has been in the trenches. With a drop of more than 6% in a week, the cryptocurrency now trades at $0.0000092. A dip-buyer could be interested in the price level. That considers that SHIB has been holding it since touching a low of $0.000008 for a week.
The main concern for SHIB and other cryptocurrencies has been a confidence crisis brought about by the collapse of FTX. The sentiment is so far bearish as most tokens are currently trading lower. Other than that, SHIB has been building on the meme token strengths and looked to have overcome resistance at $0.000012.
Aside from the negative sentiment, Shiba Inu continues to suffer from the lack of significant developments. Notable among these is the SHIB metaverse, which has stalled for a while. On November 16, however, the Shiba Inu team issued some positive updates. The team gave a first concept art reveal of what to expect once the metaverse becomes a reality. Although the update reawakens expectations of the key project, SHIB investors are yet to show optimism. The price of the meme token has remained muted.
Technically, SHIB is under pressure despite buyers having defended $0.000008. The level does not coincide with a support zone, and the cryptocurrency will likely fall further.
The RSI reveals that SHIB is not yet oversold, although there are more sellers. The indicator shows a downside on SHIB. The meme token also trades below the moving averages.
SHIB prediction
Shiba Inu’s price could fall to the yearly lows of around $0.000007 if the current weak sentiment continues. The level coincides with support, meaning we will likely see a lower price. The cryptocurrency doesn’t present an attractive buy.
Where to buy SHIB
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
Cryptocurrencies continue to slide in a new week despite enthusiasm settling in previously. Shiba Inu (SHIB/USD) is one such cryptocurrency that posted massive gains. That allowed SHIB to overcome $0.000012 resistance, a key level that has always been watched as a price pivot. Consequently, SHIB went higher to a nearly 3-month high of $0.000015 on October 29.
At $0.000010, SHIB has suddenly become bearish. That comes after a key technical level at $0.000012 failed to hold. The losses come amid concerns about huge amounts of SHIB being moved from the embattled FTX exchange. Etherscan data showed that whales transferred almost 1.5 trillion SHIB from the FTX exchange. The movement coincided with a nearly 10% price decline in SHIB on the same day.
SHIB slides below the $0.000012 support as weakness mounts
Source – TradingView
A technical outlook shows SHIB trending down after bulls failed to hold firm the $0.000012 level. The price has also lost the 20-day and 50-day moving averages, underlining increasing bear pressure.
The relative strength index shows a sharp selloff. The token is yet to hit the oversold levels, with the reading below the midpoint.
What next for SHIB?
Shiba Inu is currently under the control of bears. A weak momentum and bearish indicators reinforce a further drop in the price.
The area around $0.000008 is the next to watch should bulls fail to arrest the current weakness in SHIB. If bulls enter positions, SHIB price could rise to find resistance at $0.000012 again. A potential bullish momentum will be confirmed by a price recovery above the $0.000012 resistance.
Buyers should keep off SHIB for now until a proper bull confirmation. However, surprise recoveries on new developments should be monitored as SHIB is already known for that.
Where to buy SHIB
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
Shiba Inu (SHIB) and Stacks (STX) are among investors’ top choices today due to their enormous yields and cutting-edge mechanisms that eliminate interference from third-party institutions like banks and brokerage firms. New cryptocurrency Dogeliens (DOGET) is set to join this list.
As blockchain technology and the cryptocurrency market develop, developers release more products with increasingly practical use cases, allowing cryptocurrency traders to diversify their portfolios.
If you’re unsure how to pick dependable and lucrative crypto assets, start by looking up Shiba Inu (SHIB) and Stacks (STX).
However, the new cryptocurrency, Dogeliens (DOGET), has already been tipped by analysts to yield higher returns than Shiba Inu (SHIB) and Stacks (STX) within the next five (5) years.
Here are some things you need to know about the three cryptocurrencies to get started.
Shiba Inu’s Rise to Success
Shiba Inu (SHIB) was launched in August 2020, seven years after Dogecoin (DOGE). However, it rapidly achieved success and is currently the second-largest meme coin by market cap.
Inspired by Dogecoin (DOGE), Shiba Inu (SHIB) was created to outperform Dogecoin (DOGE) in the cryptocurrency market, and some users believe that Shiba Inu (SHIB) may eventually surpass Dogecoin (DOGE).
Shiba Inu (SHIB) demonstrated its strength as a top cryptocurrency by maintaining its market position even amid the 2022 crypto collapse.
Its developers are also increasing its use cases, as seen with its recent foray into the metaverse.
Stacks — Bridging Blockchain Technologies
Stacks (STX) is one of the high-potential cryptos in the market. It operates a layer-1 blockchain built to attract smart contracts and decentralized applications (dApps) to the Bitcoin blockchain. This crypto platform is also a giant in the Metaverse, using its security to create a Metaverse and a decentralized finance (DeFi) ecosystem.
Stacks (STX) is trying to create a better user-owned and decentralized internet through the Bitcoin network. Bitcoin (BTC) does not support smart contracts, which are essential for launching dApps like blockchain games. Therefore, Stack (STX) has become the linking platform between Bitcoin and the creation of dApps.
Stacks’ native token is STX, which is used to run dApps and feed smart contracts on the Stacks (STX) network. The network employs a Proof-of-Transfer (PoT) consensus mechanism, which validates the Stacks (STX) blockchain with the Bitcoin blockchain network.
Dogeliens: Dog-Themed Meme Coin with Explosive Growth Potential
Dogeliens (DOGET) is a new meme coin inspired by the tale of a loyal and honorable army of dog aliens inhabiting the planet of Puptopia.
Dogeliens (DOGET) is generating a lot of buzz in the cryptocurrency market due to its multiple passive income-earning opportunities. Additionally, it has launched a native token called DOGET, which can be used for staking, supplying liquidity pools, earning rewards, and minting NFTs.
The tokens are currently available to interested buyers in the Dogeliens (DOGET) pre-sale. Moreover, buyers will receive extra benefits for each token they purchase. These benefits will vary depending on various factors, including the cryptocurrency the buyer uses, the pre-sale stage, and the amount purchased.
Furthermore, users will have a secure marketplace where they can mint NFTs. Dogeliens (DOGET) users can also participate in the ecosystem’s play-to-earn mode, where they create a battalion of NFT dogs to battle the enemy’s army of dog aliens.
They have the chance to win enticing prizes in addition to participation bonuses. Additionally, 3% of each transaction will be designated for charitable purposes, and after each month, the charity that will receive the funds will be chosen by community members.
Shiba Inu (SHIB) and Stacks (STX) are unarguably top cryptocurrencies with massive potential. However, experts believe Dogeliens (DOGET) will dominate them in the future because of its enormous earning and reward potential.
Don’t miss out on the next big cryptocurrency today!
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With the world of crypto constantly evolving and gaining and losing popularity and hype by the day, it can be tricky to know where to direct your attention. Who is the next best cryptocurrency? What platforms can I trust? What coins should I invest in to maximise monetary growth and success in the crypto world?
We’ve got you covered.
With various coins escalating in the market and their successes being determined by the hour in some instances, many of us need direction to point us towards the best coins for us. Big Eyes Coin and Shiba Inu are game changers and it might be the right time to invest more than your time into these coins.
Big Eyes Coin And Its Cat-ulous Crypto Qualities
For many of us, the thought of involving cats in any aspect of our daily lives sounds like an absolute dream. So how about incorporating your love for the feline friends into the world of decentralised finance? How do you ask? Let’s learn.
This crypto cathouse is not yet on the market, however, its presale setup is exceeding expectations and has already raised an impressive nearly $9 million. The community-owned coin gives the users the power to have their say on the way the platform works and how the functionalities work in their favour.
Big Eyes Coin gives anyone involved in crypto at whatever level the perfect opportunity to invest in a new and exciting platform.
The crypto community also allows people with shared interests to connect and develop their understanding of cryptocurrency. It creates the perfect space for cat lovers everywhere to interact with each other and deepen their knowledge and investment into Big Eyes. With fantastic features for animal lovers and environmental impacts with the platform’s NFTs and charitable causes, Big Eyes are the coin to keep your eyes peeled for.
With the Big Eyes Coin raising nearly $9 million in just the presale alone, it is clear that this up-and-coming coin is one to buckle up for. They are also offering super cute bonuses when you sign up! When you use the code BEYES948, you can unlock even more exciting features with Big Eyes.
But when it comes to more established and well-known coins like Shiba Inu, how does it compare to the hype and excitement around the Big Eyes Coin?
Shiba Inu Looking Better Than Ever On The Market
Kickstarting in 2020, the dog meme token has inspired millions of people across the globe to invest in them. The community-led coin has evolved into a vibrant ecosystem and has won the hearts of many with its extremely cute charm. It has landed many successes in the world of crypto including being listed in Coinbase last year, which is the largest US-based crypto exchange.
How cool is that?
This spike in popularity last year caused the prices to increase by 40% in the days coming. Bitstamp, the biggest crypto exchange in Europe have also stated that it would list Shiba Inu for trading at the beginning of 2022.
The meme token is taking the crypto world to whole new levels. Not only does it make cryptocurrencies more inviting, but it attracts bigger groups of people and allows them to connect in the world of crypto. Shiba Inu brings those not too into cats to an online community to explore and invest online.
Big Eyes Coin is for cat lovers. Shiba Inu is for dog lovers. There is a crypto coin for everyone.
On That Note…
Both Big Eyes Coin and Shiba Inu both allow lovers of memes to invest in crypto. If you are a fanatic of these memes, or just looking to invest in crypto then what are you waiting for? Check the links out now and get involved.
New Delhi: Major crypto tokens slipped on Friday on some profit booking after a strong rally in the last few days. Bitcoin was above the $20,000 level, whereas Ethereum managed to hold $1,500. The US economy rose 2.6% in the third quarter, higher than expected growth of 2%.
Barring the Uniswap and the US dollar-pegged Tether, all othe r top crypto tokens were trading lower. Cardano and Shiba Inu plunged 5% each, followed by Ethereum and Polygon, which shed 3% each.
The global cryptocurrency market cap breached below the $1 trillion mark to $980.18 billion, after dropping more than 2% in the last 24 hours. However, the total trading volume tanked as much as 13% to $89.23 billion.
What’s cooking in India
Crypto staking platform UniFarm has entered into a strategic alliance with Bengaluru-based ONMETA. The partnership is aimed at empowering Indian users with Indian currency-based purchase of tokens for staking to earn passive income.
Expert take
Edul Patel, CEO and co-founder of Mudrex, said Shiba Inu coin has reached a significant milestone in terms of the percentage of long-term holders. Currently, it jumped to the highest value of 38%.
“Long-term SHIB holders have grown far more since the beginning of 2022, from barely 1% to over 38% of holders,” he said. “The percentage of short-term holders remains relatively steady and midterm speculators continue to decline,” he added.
Global Updates
Hong Kong plans to legalize retail trading of cryptos as it looks to become a crypto hub, according to a Bloomberg report. Crypto platforms will be required to apply for a license to offer retail trading.
Tech giant Google will be launching a cloud-based node engine for Ethereum projects. The company said its Google Cloud Blockchain Node Engine means that it will be responsible for monitoring node activity and restarting them during outages.
Nearly 12% of all BEP-20 tokens, the standard token on the BNB chain, are tied to scams, according to recently released research from crypto risk monitoring firm Solidus Labs.
Tech view by BuyUcoin cryptocurrency exchange
DOGE surged 35% on Twitter deal. The most popular meme coin, DOGE, has witnessed a mega rally since Monday as Elon Musk’s Twitter deal neared finalization. Elon Musk has been a staunch supporter of DOGE and his tweets often move the prices of meme coins in a significant way.
The jump in DOGE prices is mainly linked to the positive news circulation but lacks fundamental backing so investors should buy the coin as per their risk appetite with a long-term perspective. DOGE was originally designed as a payment mechanism and its growth will depend on real-world use cases, the experts suggested.
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)
It is an all-known fact now that meme coins are getting hotter day by day. While people looked at meme coins with a certain skepticism in the past due to them being a highly speculative asset (that mostly reacted to certain news and communities alone), things have now changed. DOGE, for example, is now one of the biggest cryptocurrencies out there.
Crypto and market experts are calling Toon Finance the next DOGE or SHIB coin as they blow through presale. You can find TFT coin on major crypto platforms such as Crypto.com and CoinMarketCap.com
Since DOGE came out almost a decade ago and kind of proved how a meme coin can move past the joke and provide actual utility, there has been a meme coin uprising of sorts.
SHIB TFT Bandwagon
The Shiba Inu coin is also a story to reckon with, especially, since it has been able to achieve so much in such a short span of time. The team behind SHIB also focused on creating a robust ecosystem around the coin which has helped propel it to success. It is also supported by a huge number of supporters that have rallied like crazy behind the coin and boosted its growth.
And, now, Toon Finance Coin is taking the crypto world by storm. It is one of the most recent success stories in the crypto world. Toon Finance Coin, however, is a lot more than just a meme coin. It is building a decentralized exchange, player vs player battles, and, even, introducing its very own collection of NFTs.
Toon Finance Coin – the next DOGE or SHIB?
So, while Toon Finance Coin builds its DEX and trades NFTs, coins, and lots more; the bigger question remains – will it emerge as the next DOGE or SHIB? What kind of value can the Toon Finance Coin unlock in the times to come for investors, traders, and enthusiasts?
To understand that we will need to look at the history of meme coins and how Toon Finance Coin is placed, in an advantageous position, to unlock true value sooner than later. And, it may well become the next DOGE or SHIB. Or, even bigger.
The DOGE Uprising
DOGE started as a joke. Inspired by a Doge meme, it is widely credited as the very first meme coin in the crypto world. It was launched in December 2013 with the face of a Shiba Inu dog on the coin. It was simply an attempt to show that crypto could be used to represent virtually anything including a meme featuring a Shiba Inu dog.
When it was launched, you could practically buy thousands for less than a dollar. Naturally, people did not take it seriously. However, with time, things gradually began to change. With supporters such as Elon Musk and Snoop Dogg, DOGE has only climbed higher up the ladder and does not seem to be stopping anytime soon.
And, DOGE has proved that a meme coin can also create wealth for its investors, traders, users, and enthusiasts. A classic case in point is the fact that its price hit its lowest ever of $0.0000869 in May 2015. And, just last year, it hit its all-time high of $0.688.
The amount of wealth it has created for investors is unfathomable and it has also created ripples in terms of utility.
From being taken as a joke to now being accepted as a valid mode of payment in several big corporations, DOGE has certainly come a long way. And, what is most exciting about its story is how, unintentionally, it is paving way for other meme coins as well to become more than just a ‘meme.’
Elon Musk, the most vocal supporter (and, admirer) of DOGE, recently announced that Tesla would be accepting the meme coin as a form of payment for its products.
Musk has, time and again, influenced the price of DOGE with just his tweets and has become the single biggest influencer in the crypto world. In fact, he has gone out and confessed that DOGE happens to be his all-time favorite coin.
Snoop Dogg, another big-time crypto influencer, has also been quite vocal about his support for the DOGE coin. By simply tweeting a meme of a Shiba Inu dog, that inspired the DOGE coin, Snoop Dogg made the coin rally a staggering 55% in a single day back in February last year.
Today, DOGE has a market cap of over 8 billion dollars. The success of DOGE opened the floodgates for hundreds of meme coins (or, altcoins, if you will). Floki Inu, Mona, Gaming Doge, Safe Moon, Kishu Inu, and quite a few meme coins gained immense popularity following the success of DOGE.
Then came SHIB or Shiba Inu.
The Meme Coin Wave Continued with SHIB TFT
SHIB or Shiba Inu is quite a story. Created in 2020, to take on DOGE, SHIB is an Ethereum-based cryptocurrency. It features its namesake – a Shiba Inu dog, the famous Japanese hunting dog, as its mascot. Will Toon Finance surpass the Big Kitten?
Popularized as the ‘Dogecoin killer’, SHIB has come a long way indeed from being worth nothing to actually creating enormous wealth for its supporters.
In October 2021, just a year after being introduced, SHIB gained its all-time high market capitalization of over 40 billion dollars.
The price of the meme coin has since then plummeted, as have all the other cryptocurrencies, but it still commands a market cap of around 6 billion dollars and is placed right behind DOGE.
It might as well surpass DOGE in the times to come. Even if not, it has proved how a new coin, with a little history, can challenge older, far more established coins as well.
What has worked for SHIB is the massive support it has found online.
The SHIB Army (the group of enthusiasts rallying behind the coin) has left no stone unturned in promoting the coin all over the internet.
Also, the plethora of products, including ShibaSwap, has brought more credibility and utility to the meme coin.
ShibaSwap is a DeFi platform that aims to provide the safest way to trade cryptocurrencies in a decentralized environment.
The SHIBA INU ecosystem also consists of several other components such as alternate coins LEASH and BONE. This overall ecosystem is also to be credited for the success of SHIBA INU.
SHIB took the meme coin race further ahead and now we have Toon Finance Coin which aims to take the meme coin game into a new generation altogether.
Toon Finance Coin is Now Taking the Crypto World by Storm
Toon Finance Coin, inspired by cute, cuddly toon characters, is the hottest meme coin right now. It is a decentralized exchange application platform designed by a team of market leaders and blockchain developers aiming to fix the externality that surrounds the P2E gaming demand by ensuring a P2E metaverse backed by SHA256 encryption.
There are over 1 billion Toon Finance Coins in total, out of which, 50% are being sold in a presale that went live on 10th October 2022, and, is being subscribed like crazy by investors, traders, gamers, and enthusiasts.
It has slowly, but steadily, gained a lot of interest in the cryptocurrency world. Being mentioned across the media for its rising popularity and demand is not the only marker of success for Toon Finance Coin. It has also found support from people who have been rallying behind the Big Eyes coin and other meme coins in the same space.
Listed on Crypto.com and CoinMarketCap.com, the coin has taken the crypto world by storm. However, what makes the project more interesting than you can imagine is the way in which it is creating an ecosystem by offering a lot more than just the coin.
TFT DOGE and SHIB Best Meme coin 2022
Well, that brings us to the big question.
So, can Toon Finance Coin be the next DOGE or SHIB?
Well, we believe, it is actually going to surpass the two sooner than later because of the innovative way in which it is creating its very own ecosystem. The Toon Finance Platform includes a DEX, Cross Chain Bridge, an NFT trading platform, and a lot more.
Recently, the team behind Toon Finance Coin shared that they have been successfully listed on Crypto.com and CoinMarketCap.com which are some of the biggest, most influential crypto spaces out there. It brings a certain credibility to the project and has also helped bring the coin out to the masses in general.
The Toon Finance Coin is creating a one of its kind robust, decentralized exchange that will seamlessly allow people to buy, sell and trade the coin in a safe, decentralized environment without any hassle. It will prove to be a game changer for the coin just as the ShibaSwap has helped SHIB grow by leaps and bounds.
Similarly, a cross-chain bridge will add a lot of credibility and utility to the TFT coin. A bridge enables communication and interoperability between two separate blockchain networks. In other words, it allows for the exchange of value or data between the two connected blockchains.
The Space Bridge (being created by Toon Finance) will allow its users to connect different apps, protocols, and assets with ease. So, you could actually transact on the app using both BTC and ETH by connecting them through the space bridge.
For gamers, the metaverse being created holds immense value. Toon Finance is also introducing multiple series of NFTs that can be used in this metaverse as well or one can collect them for the purpose of investment.
These NFTs will be functional gameplay items that will be essential for players participating in the Space Grounds game that is being developed by Toon Finance.
A coin, especially a meme coin can only become valuable when it offers genuine utility to its users. Otherwise, it is nothing more than a highly speculative asset that simply moves in reaction to the news, tweets, and more.
We see Toon Finance coins taking over the crypto space sooner than later because they are poised to unlock a lot of value as they can be utilized in more ways than one.
Toon Finance World – NFTs and More in the Pipeline
The Toon Finance presale is already a success. They have sold out close to $3 million in the first week itself and their presale is close to selling out soon. It is also racing up the charts as people from all over the world are rushing to get a cute, mushy little Toon Coin. Media and industry experts are raving about the Toon Finance Coin and how it can be the next big story to come out of the cryptocurrency world in the months to come.
We have also been quite excited about this coin and more so for the various other things that are to come including their NFTs. The cute, little Toonie characters have won us (and thousands across the world) over and we cannot wait to get our hands on one of them.
The team behind Toon Finance Coin has also announced a wide variety of tech and products that are in the pipeline and being developed quite rapidly including the space bridge, metaverse, and more. While in itself, these things will certainly offer some value, they also have the potential to grow multiple times in themselves. They could change the crypto world in the times to come.
So, we are quite bullish on Toon Finance Coin becoming the next big meme coin in the crypto world. In fact, we think it will redefine a meme coin.
Toon Finance / TFT Twitter / Toon Finance Telegram / Toon Finance Presale
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
SHIB/USD Chart by TradingView
Source – TradingView
