The Shiba Inu (SHIB) price has broken out from a descending wedge pattern and is moving towards the top of its range high.
Tag: Shiba
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Shiba Inu Is Now Available To The US Customers Via BitStamp Listing
As per the cryptocurrency exchange Bitstamp’s announcement, trading Shiba Inu (SHIB) tokens is now possible in the United States. After the biggest European exchange began offering SHIB trading in other markets, this happened.American users of Bitstamp will be able to exchange the well-known meme cryptocurrency for dollars and euros. Early in June, Shiba Inu was finally made tradable on the major European cryptocurrency platform.
The listing was first disclosed by the well-known trading platform in December. Fans of SHIB, however, had to wait half a year before they could trade their preferred cryptocurrency on Bitstamp due to technical issues.
Trillions of Shiba Inu swapped in the last 24 hours
11 trillion SHIB or 11,182,405,061,512 SHIB have been swapped in the last day, according to data from CoinMarketCap. After momentarily dipping to the $0.0000099 level, Shiba Inu (SHIB) has recaptured the $0.000010 level.
Shiba Inu was showing a slight boost at the time of publication, rising 5% to $0.0000105. The SHIB price dropped down to trade below this crucial level once more after hitting highs of $0.00001058 on Oct. 26 after a four-day upward trend.
On October 24, sellers drove SHIB to a low of $0.0000985. Shiba Inu is trying to establish a base at the $0.00000985 price level after prices failed to fall below it for the second day in a row today.
Before the next move, there may be range trading, since the RSI has flattened below the midway. According to CoinMarketCap data, the prices of the Shiba Inu ecosystem tokens BONE and LEASH have also seen slight gains in the last day.
Despite being down 88% from its peak, SHIB still draws a sizable number of investors. Shiba Inu currently has 1,230,068 holders, according to cryptocurrency data tracker WhaleStats, indicating that the number of SHIB holders has increased recently.
Since the beginning of 2022, the percentage of Shiba Inu “hodlers,” or addresses that have owned SHIB for more than a year, has increased from less than 4% to over 37% of holders.
37% of SHIB holders have held their SHIB for more than a year, 60% have held for less than a year, and 3% have held onto their tokens for less than a month, per IntoTheBlock’s data on holder composition by time held.
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Shiba Inu and Dogecoin (DOGE) Price Surge May Not Last Long- Experts Say
Crypto experts are cautioning that the current Shiba Inu and Dogecoin (DOGE) price surge might not last long as many investors anticipated. -
Budblockz (Blunt), Shiba Inu (Shib), and Polygon (Matic). Three Must-Haves for Any Crypto Portfolio – CryptoMode
Holding cryptos while their values rise brings about outstanding returns on your initial purchase, boosting your portfolio for future trades.
Shiba Inu (SHIB), Polygon (MATIC), and Budblockz (BLUNT) are must-haves for your crypto portfolio, as they have the potential to do well.
Two cryptocurrencies that have provided outstanding returns in the past are Matic and Shiba Inu, with Shiba Inu recording a remarkable increase between its launch price to November 2021.
Budblockz (BLUNT) could follow the trend these crypto giants set as it is currently smashing through its presale stage, raising $1 million.
This guide will examine these three tokens that have the potential to boost your portfolio. Let’s begin!
Budblockz (BLUNT)
The increasing legalization of marijuana has led to the rapid growth of the cannabis industry, with an estimated global market value of more than USD 240 Billion by 2030. However, it is still an industry where businesses struggle with many banking problems. This is where BudBlockz comes in.
BudBlockz is a growing cannabis industry community and will offer asset-backed NFTs in the space. The platform will facilitate transactions related to cannabis assets in the real world and virtual landscapes while allowing NFT shares for farms, dispensaries, and more.
Also, trading BLUNT tokens and other cryptocurrencies will support consumers, investors, and business owners who need a private but secure decentralized platform to sidestep the issues associated with banking, which is still considered a controversial industry.
The BLUNT token is essential to the development of BudBlockz. With the private sale selling out before closing time and the ongoing presale phase raising over one million dollars, BudBlockz is the must-have crypto.
Shiba Inu
Shiba Inu holds the record as one of the most profitable value increases in the crypto market. For example, if you purchased $10 of Shiba Inu at the beginning of 2021, you would have become a millionaire in October 2021.
Meme tokens are known for their volatility, and Shiba Inu is not different from the rest. With the 2022 market crash, Shiba Inu followed the rest of its meme coin compatriots and toppled in price.
However, something interesting is happening with Ethereum (ETH) whales since Shiba Inu’s price has stabilized.
The most profitable cryptocurrency to purchase by Ethereum whales is Shiba Inu. One Ethereum whale purchased SHIB worth 536 billion ahead of the Ethereum merge. Most Ethereum whales still retained their SHIB even when Shiba Inu’s price dipped below the support level.
Polygon (MATIC)
Polygon is making blockchains more scalable and less congested. Its Layer-II solutions are sidechains working on a bigger blockchain to enable users to process transactions faster. With layer-II solutions, the major network will process transactions at a fast and affordable rate. Also, this will bring an influx of transactions to the ecosystem.
Polygon protocol works like its geometric name. It means a shape with a finite number of sides. Similarly, the Polygon network has numerous shapes and sizes. Polygon is an add-on to the Ethereum technology and works to improve the network.
Polygon was formerly known as Matic, but it rebranded and changed its name while retaining its ticker (MATIC). MATIC is the governance, utility, and native token of the Polygon network.
In Summary
Historically, Shiba Inu (SHIB) and Polygon (MATIC) have provided huge profits for their holders, allowing them to boost their portfolios effectively. Budblockz (BLUNT) looks to replicate this success when it launches.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments. -
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