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Tag: SHIB

  • Shiba Inu (SHIB) Price Approaches Oversold Levels per This Indicator

    Shiba Inu (SHIB) Price Approaches Oversold Levels per This Indicator

    Shiba Inu (SHIB) lost the key $0.000010 level on Oct. 19, thus adding an extra zero to its price as the $0.000009 range was reached. At the time of publication, SHIB was changing hands at $0.00000978, down 2.26% in the last 24 hours.

    The year 2022 saw a widespread meltdown in the markets, cryptocurrencies included. Shiba Inu has not been excluded from the bearish action as it is now down 88.91% from the all-time high of $0.000088 reached in October 2021.

    However, zooming in on the short-term price action, SHIB might be a potential candidate for a surprise bounce or a relief rally. This is as its daily RSI approaches the 30 oversold levels following a steady price decline since August.

    An instance was recorded in June when the RSI reached deeply oversold levels as the price fell to lows of $0.00000714 on June 18. A subsequent recovery culminated in a 157% rise to a high of $0.000018 on Aug. 14.


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    However, in the event of a further drop, SHIB might eye the $0.0000092 level in the meantime. Further declines may force SHIB to retest the $0.000007 level. On the contrary, SHIB might erase a zero from its price if a relief rally to $0.000010 ensues. The next barrier might be the $0.0000113 level, just ahead of the $0.0000135 level.

    SHIB lists on yet another crypto exchange

    Shiba Inu has now been listed on the Swiss cryptocurrency platform Swissborg, according to a recent announcement.

    The platform, which operates a hybrid cryptocurrency service for its large user base, revealed that the decision to list SHIB was spurred by the demand of its growing community.

    As reported by U.Today, SHIB was recently listed by Seychelles-based cryptocurrency exchange BitMEX.



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  • Is SHIB the best crypto to short?

    Is SHIB the best crypto to short?

    • Shiba Inu price has lost 6% of market value during this week’s decline.
    • SHIB has breached extremely oversold levels on the Relative Strength Index and shows a newly established bearish divergence.
    • Invalidation of the bearish outlook is a breach above $0.00001040.

    Shiba Inu price hints that a strong downtrend move is underway. Key levels have been identified to gauge the strength of the bears.

    Shiba Inu price continues to decline

    Shiba Inu price has become a problematic digital asset to hold as the notorious meme continues to lose market value throughout October. The bulls have lost support from the $0.00001000 level, and there is no evidence to believe the downtrend is ready to end.

    During the third trading week of October, the bears caused a 6% loss in market value. The decrease in price was catalyzed by the bears’ rejection from the 8-day exponential moving average on Sunday, October 9.

    Shiiba Inu price currently auctions at $0.00000989. The Relative Strength Index is back in oversold territory and has produced a bearish divergence between the last two countertrend retaliations. If the technicals are correct, SHIB investors could face serious pain. The bearish targets lie at $0.00000900 and $0.00000750. If these levels do not hold, a breach into $0.00000700 is very likely. Such a move would result in a 30% decline.

    tm/shib.10/20/22

    SHIB USDT 4-Hour Chart

    Invalidation of the bearish thesis could occur if the bulls re-hurdle the $0.00001040 liquidity zone. A spike through the prior resistance area could trigger a countertrend rally toward the 21-day simple moving average at $0.0001074. The price of Shiba Inu will rise by 10% if the invalidation scenario occurs.

     

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  • Crypto Whale Abruptly Moves 3,388,119,787,804 Shiba Inu (SHIB) in Massive Transaction

    Crypto Whale Abruptly Moves 3,388,119,787,804 Shiba Inu (SHIB) in Massive Transaction

    A high-net-worth crypto investor is suddenly moving a massive amount of meme asset Shiba Inu (SHIB) in a single transaction.

    According to new data from whale-surveying platform Whale Alert, the deep-pocketed investor abruptly shifted 3,388,119,787,804 SHIB worth about $34 million at time of writing from one unknown wallet to another.

    The sending wallet has been completely emptied as it no longer holds any funds or digital assets while the receiving wallet, which was empty before, now holds the millions of dollars worth of SHIB it was sent, according to the blockchain search engine Etherscan.

    Recently, SHIB has seen rising use cases. In a recent company blog post, Coinbase chief product officer Surojit Chatterjee announced a partnership with tech giant Google that would see Shiba Inu along with a suite of other altcoins be accepted by Google Cloud.

    “Google Cloud will be positioned to enable select customers, starting with those in the Web3 ecosystem, to pay for its cloud services via select cryptocurrencies through Coinbase Commerce.

    Coinbase Commerce is a platform that helps merchants anywhere in the world accept cryptocurrency payments. Merchants can get paid in crypto, and access powerful tools for crypto integration and business analysis.”

    SHIB is changing hands for $0.00001 at time of writing, a 1% dip during the last 24 hours.
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    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Featured Image: Shutterstock/Javier Cruz Acosta



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  • Shiba Inu Price Prediction – Can SHIB Overtake Dogecoin?

    Shiba Inu Price Prediction – Can SHIB Overtake Dogecoin?

    Shiba Inu has dropped by 0.6% over the past 24 hours. At the time of writing, the meme coin was trading at $0.00001004. SHIB has dropped by 12% over the past two weeks, according to data from CoinGecko.

    Shiba Inu price analysis

    SHIB has been on a sharp bearish streak, as seen in the meme coin’s notable decline of 64% on a year-to-date (YTD) basis. SHIB has lost 88% of its value since reaching an all-time high in October 2021.

    During the past 24 hours, SHIB has reported slight volatility, with the price trading between $0.00000979 and $0.00001017. The lack of significant price movements stems from the performance of the broader cryptocurrency market. The global cryptocurrency market cap currently stands at $957 billion.

    Over the past 24 hours, SHIB has reported trading volumes of over $184 million, showing that the buying and selling momentum is not as high as it usually is when strong price movements are recorded.

    Nevertheless, SHIB’s lack of performance mimics most of what is happening in the broader cryptocurrency space. This is why SHIB still ranks as the 13th largest cryptocurrency despite the notable plunge.

    The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) hint that a bearish sentiment could be in play in the short term. The RSI is at 47, showing an apparent fight between the bulls and the bears for control. Therefore, the price could continue consolidating at the current prices.

    On the other hand, the MACD gives a rather bearish outlook as the MACD line is below the signal line. Therefore, the price will likely drop again below $0.00001. A drop below $0.0000092 could trigger panic selling and cause a significant downtrend.

    SHIB is the second-largest meme coin after Dogecoin. Due to a lack of buyers, meme coins have been dealt a major blow in this bear market. Nevertheless, DOGE has remained in the headlines because of Tesla’s CEO, Elon Musk, who has not missed any chance to mention the meme coin.

    Musk’s decision to resume Twitter buyout talks saw the meme coin community rush to buy Dogecoin, but the gains were not sustained, as seen in the 7.6% dip over the past two weeks. Nevertheless, DOGE still has the potential to gain if Musk manages to add DOGE payments on Twitter.

    Musk’s continuous support of DOGE could be why the token could continue to outperform SHIB and sustain the huge market cap that keeps it in the top ten largest cryptocurrencies.

    This crypto could explode 10X

    For those traders that maybe can’t wait another few months for big gains, there are a number of smaller altcoins that have been beating the market in recent weeks, with presale tokens proving particularly lucrative. One promising new coin in this area is Impact Project (IMPT), a decentralized carbon credits marketplace that began its sale just over a week ago.

    Based on the Ethereum blockchain, it provides users with the ability to trade NFT-based carbon offsets, while it will also enable consumers to shop online with retailers that support green initiatives. At a time when ESG investing is becoming a big thing, it has the fundamentals to perform well.

    Visit IMPT Now

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  • Can SHIB Burn its Way to $0.01?

    Can SHIB Burn its Way to $0.01?

    Shiba Inu (SHIB) has had quite an eventful year in 2022. In April, the project launched its very own burn portal. The aim is to remove as many SHIB tokens from the circulating supply. Ever since fans and investors have actively participated in the burn process.

    At press time, SHIB’s burn rate surged to a whopping 649.92%. In the past 24 hours, 25,991,998 Shiba Inu tokens have been burned. Additionally, one single transaction was responsible for removing 10 million SHIB tokens from circulation.

    Source: Shibburn

    SHIB is undoubtedly one of the most popular crypto projects in existence. Having a low price, the project is passionately loved by fans, in hopes of it reaching “the moon.” Today in particular SHIB is witnessing massive buy orders on the popular crypto exchange Coinbase. As per the data, Coinbase has 91% buy orders for Shiba Inu, and only 9% sell orders. Additionally, the holding time has jumped from 5 months to 6.5 months, indicating growing confidence among holders.

    Can Shiba Inu Burn Itself Towards $0.01?

    Although SHIB’s burn portal is moving full steam ahead with burning SHIB tokens, the amount of tokens burnt is extremely small compared to SHIB’s massive 549 trillion supply. Moreover, apart from some third-party apps, there is no other initiative to burn big amounts of SHIB.

    However, there is only one development that could have the potential for the big SHIB burns required: the Shibarium launch. Shiba Inu’s layer-2, Shibarium, was supposed to have launched by Q3 of this year. However, the developers missed the scheduled time frame. Shibarium would most likely have a built-in burn mechanism to send SHIB tokens to the four dead wallets, based on how much SHIB can be burned via Shibarium. It will give a better idea if Shiba Inu can burn its way to $0.01.

    At press time, SHIB was trading at $0.00001008, down by 0.1% in the last 24 hours.

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  • Software heavyweight SAP pays employees in SHIB

    Software heavyweight SAP pays employees in SHIB

    • SAP SE has included SHIB as a cryptocurrency option to pay employees. 
    • The software company will host five startup companies in its upcoming Foundry program.

    German multinational software company SAP SE (NYSE: SAP) has recently partnered with BitPay as it prepares to pay staff in SHIB. Bitpay is a renowned blockchain payment technology that allows transactions in Bitcoin and other cryptocurrencies. It uses enterprise-grade tools to send and receive cryptocurrencies, providing an avenue where employees can receive a fraction of their salaries in crypto.

    The payment platform disclosed its new partnership with SAP via Twitter. Bitpay will serve as a work partner to enable crypto payroll payments. Earlier this year, SAP mentioned BitPay as one of the startup participants in its Foundry New York Fall 2022 Program. Startup companies like Beem, Veremark, Gmetri, and Talespin will also participate in the program. A panel comprising financial experts, business partners, and esteemed customers chose these startup companies.

    SAP SE adds SHIB as a cryptocurrency payment option

    BitPay performs transactional activities involving Bitcoin and Ethereum on a larger scale than Dogecoin and Shiba Inu. However, the recent addition of SHIB to the SAP SE cryptocurrency list might spike the amount of SHIB transactions on the payment platform. Henceforth, several cryptocurrencies, including Shiba Inu, will serve as a payment method for SAP SE staff. 

    Furthermore, the software company will educate these selected startup companies on various blockchain topics. These topics cover emerging technologies like blockchain, token economy, digital assets, artificial intelligence, and the metaverse. Also, participants will have access to mentorship from SAP executives, SAP technology, and their application programming interface (APIs). In addition to that, they can collaborate with SAP customers across the globe. 

    The Foundry program will take place in New York in the Fall of 2022 for 12 weeks. It will feature Gmetri, a Web3 infrastructure company, talent development firm Talespin, and other participating startups. Since its inception, SAP SE has assisted over 450 external startups and internal ventures to ace their goals. 

    According to Whale Alert, a crypto movement tracker, a whale has transferred over 3.38 trillion SHIB to an unknown account. Notably, the crypto asset is worth about $34.88 million. The transaction left the originating wallet with no token as the whale transferred all the tokens to the anonymous wallet. 

     

     



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  • New Presale Star Plona (PLON) is likely to compete with the likes of DogeCoin (DOGE) and Shiba Inu (SHIB)

    New Presale Star Plona (PLON) is likely to compete with the likes of DogeCoin (DOGE) and Shiba Inu (SHIB)

    DogeCoin (DOGE), a meme coin made famous by Elon Musk in 2021, is an open-source peer-to-peer (P2P) cryptocurrency that utilises blockchain technology. In the same vein, Shiba Inu (SHIB) was created in 2020, and it shares a similar characteristic of anonymity of the creator with Bitcoin (BIT).

    However, unlike Bitcoin (BIT), which Satoshi Nakamoto created, Shiba Inu (SHIB) was created by an unknown person/group under the name “Ryoshi.” Interestingly, Shiba Inu (SHIB) has outlived its claim as a “pump and dump” coin. Therefore, despite the current bearish run in the crypto market, both Shiba Inu (SHIB) and DogeCoin (DOGE) are set for a potential bullish run.

    What can a new token like Plona (PLON) do?

    New cryptos like Plona (PLON) are set to address real-time investment problems posed to investors in Web2. A fundamental factor that drives prices in the crypto market is “Adoptions.” Plona (PLON) assists ownership of luxurious and exotic cars such as Lamborghini, Ferrari, Bentley, Bugatti, and many other fleets of cars, through fractional premium car investment on the blockchain in the form of NFT trading. The need for partnership and collaboration is of top necessity to achieve this. Plona (PLON) is already bridging this gap through Networking Clubs and Celebrity collaborations.

    As the Cryptocurrency community at large awaits the Layer-1 Scaling Protocol and the Shiba Inu Metaverse, both can change the current market trend of Shiba Inu (SHIB) to the moon in a matter of days to weeks. Also, with the recent news about Google Cloud accepting users of the service to pay with Bitcoin (BIT), Ethereum (ETH), and Dogecoin (DOGE) through Coinbase, the price of Dogecoin (DOGE) could shoot to the moon.

    Plona (PLON) has a clearly defined pathway to promoting ownership of luxury and exotic cars through what is known as a fractional investment in the form of NFT trading.

    What next for DogeCoin (DOGE) and Shiba Inu (SHIB)?

    In recent times, DogeCoin (DOGE) and Shiba Inu (SHIB) have raked in massive profits for investors, although both are still very far from their All-Time High (ATH). DogeCoin (DOGE) is currently trading at $0.06/DOGE (ATH ≌ $0.74) while Shiba Inu (SHIB) is trading at $0.00001/SHIB  (ATH ≌ $0.00009),

    Crypto analysts have identified the Plona (PLON) token as among the top 12 crypto assets to consider in 2022 and 2023, as it has great potential for massive growth and brings enormous returns to those who invest in the project. Also, since Plona (PLON) is fractionalising the values of exotic cars like Lamborghini to NFT, each fraction of the NFT is backed by the real-world value of the car. In other words, Plona is tokenising luxury car ownership through blockchain technology. Fractioning of this sort makes investing in Plona (PLON) a low-risk investment. Also, Plona (PLON) presently has a low market capitalisation, favoring the possible heights the new token can reach.

    Plona (Plon) is still cheap, and at a current selling price of $0.012 for 1 PLON, the project is worth investing in and a step into the future of exotic cars. Come on the ride! Join the Plona Project!

    Find out more:

    Plona Token

    Presale: https://buy.plona.io
    Website: https://www.Plona (PLON) a.io/
    Twitter: https://twitter.com/Plona (PLON) atoken
    Telegram: https://t.me/Plona (PLON) atoken

     

     

    Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.



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  • The Hideaways (HDWY) Overthrows Ripple (XRP) and Shiba Inu (SHIB)

    The Hideaways (HDWY) Overthrows Ripple (XRP) and Shiba Inu (SHIB)

    Why Ripple (XRP) and Shiba Inu (SHIB) Holders Turn to The Hideaways (HDWY)? Read more in this article.

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