Shiba Inu Coin Exposed Plan To Hit $0.1 Soon!!
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The cryptocurrency was trading higher on Monday, with tokens linked with gaming, such as Shiba Inu, experiencing a significant increase in value. In the previous 24 hours, the Shiba Inu has gained 26 per cent in value.
Meanwhile, according to CoinGecko, the worldwide cryptocurrency market capitalization has risen beyond $2 trillion for the first time since December, boosted by a spike in cryptocurrency prices.
For the first time since January 21, ethereum, the cryptocurrency linked to the Ethereum blockchain network, climbed above the $3,000 mark for the first time. The digital coin traded at $3,025, a little decrease from its previous close. In the same vein, Binance Coin fell by approximately 0.6 per cent to $419.
The price of Dogecoin increased by more than 5 per cent to $0.15, while the price of Shiba Inu increased by more than 2 per cent to $0.000029.
The Shiba Inu [SHIB] is one of the active stocks in the market during the last day. The token’s market capitalization has increased by more than 23 per cent throughout the specified period, reaching a total of $15.35 billion.
During the late hours of Friday, the larger cryptocurrency market, led by Bitcoin and Ethereum, began making strong gains in the north direction. Although Saturday was a holiday, most coins maintained their positive trend. While the price of Shiba Inu fluctuated in the preceding days, the breed’s overall performance was stagnant.
As the broader market has come to a grinding halt for yet another time, this meme token has begun to see significant gains. It took over a fortnight for Shiba Inu’s price to rise above the $0.00002032 to the $0.0000237 mark, and it was only on Sunday that the price managed to breakthrough.
Despite the historic climb, it has not been possible for Shiba Inu to keep its record-breaking streak going on the charts. SHIB’s price, currently trading at $0.00002788, has reached a critical juncture. The token price who is that been unable to break above the 50 Day Moving Average [DMA] since the beginning of November. It was rejected twice, once in the middle of December and once in January, within the specified range.
According to a WhaleStats analysis, the average value of the top 100 Shiba Inu holders’ holdings has increased by 27 per cent as the SHIB price has surged by a significant amount over the weekend. As
a result, SHIB recaptured the most actively traded token, ranking among the top ten most often purchased tokens by whales in the last 24 hours.
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