Price Analysis

This Is When Shiba Inu (SHIB) Price Will Hit $0.0001!

Written by: Sara K

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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Dec 1, 2021

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Highlights

    Shiba Inu continues to climb the cliff, as the meme coin soars higher with network analytics and institutional espousals

    Enthusiasts from the community anticipate the meme coin to warp ahead claiming the ten-thousandth price tag.

The meme coin community has been one of the most active communities in the crypto-verse. The firm belief of the community members over the digital assets is meritorious. On the trot, Shiba Inu has been holding the tenancy of the growing institutional adoptions. Wherefore, Shiba Inu is leading amongst fellow meme coins.

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The doge-killer is raging ahead at a hastening rate, with its growing utility. And its foray into newer ventures, which Coinpedia had earlier reported. Meanwhile, traders and hodlers are ardently tarrying for yet another bull run that could chase away the bearish hurdles. Which could launch the price to ten thousandths. 

Shiba Inu’s Odyssey To The Summit 

Shiba Inu has been trotting higher cliffs, in terms of the count of holders and the analytics of the protocol. Sources suggest that SHIB has surpassed BTC in volume on Binance, which is astonishing for folks from the crypto town. 

Trading of SHIB is live on Kraken, which influenced a surge in prices of over 20%. Meanwhile, Mercado Bitcoin will be listing SHIB on its platform. Mercado Bitcoin is the largest platform for cryptocurrencies and digital assets in Latin America. And one of the top-25 most reliable exchanges in the world, which could bring massive exposure to the meme coin. 

Moreover, Newegg promotes it accepting SHIB on America’s largest digital out-of-home billboard. Whales continue to bag the canine-based coin. As SHIB ranks among the top-10 purchased tokens by the top 1000 ETH wallets in the last 24-hours.

SHIB Price To The Moon?

SHIB at press time is trading at $0.00004583 with gains being negative by 3.1%. Whilst the trading volume for 24-hours is at $7,123,459,695. The market cap of the meme coin is currently hovering around $25,144,808,958. SHIB price has been trading in the bandwidth from $0.00004478 to $0.00005360. The Doge-killer is up by over 81166001.8% in the past 12-months. 

From the charts, a falling wedge formation is visible, which the digital asset has broken through. The analyst expects SHIB to rocket to its target at levels around $0.00007203. The next pitstop from thereon would be towards the ATH at $0.00008616

Collectively, Shiba Inu would need a major push from the bulls, which could launch the price of the digital asset to greater levels. A breakout above the ATH levels would kill another zero. The listing of SHIB on Robinhood would further boost the price, as it holds a sentimental value for enthusiasts in the space.

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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