Shiba Inu Price Prediction - Can This Meme Coin Deliver for Crypto Bulls in 2023 as Price Edges Higher?
Shiba Inu price continues to outshine its peers in the market, with its value increasing 9.9% in seven days and 9.4% in two weeks. However, the second-largest meme coin has lost 2.4% of its value to exchange hands at $0.00000895 at the time of writing.
Investors are beaming with hope for a bullish SHIB in 2023, especially with the development team working toward the launch of Shibarium. Since the year started, the team has announced several strategic partnerships likely to speed up Shiba Inu's adoption while increasing the token burn rate.
Shiba Inu announced a special edition event in which the Bugatti Group will host a mint party dedicated to the ecosystem's NFTs, referred to as Shiboshis. The partnership will "bring physical items and collectible NFTs to the hands of our most devoted and supporting Shibtoken's NFT genesis holders," the team said.
The special edition will cater to only 299 releases, and another very special first edition release, with a mint price of 0.14 ETH. A Cross-Body limited edition Luggage Bag from the Bugatti Group will accompany 95% of all the mints.
A Carry-On item from the same Bugatti Group will go to 5% of all the mints, rounded up to 15 lucky community members. The Minting Portal will go live during the Twitter Spaces Event. However, the Redemption Portal will open a week after the mint process has closed. The Shiboshis and Bugatti Group Twitter Spaces Event will take place on January 15.
Shiba Inu price is trading at the apex of a falling wedge. This follows an unsuccessful attempt to break above the pattern's resistance for a 66.62% move to $0.00001508. The stubborn resistance at $0.00000956 coincides with the 100-day Exponential Moving Average (EMA) (in blue) at $0.00000956 and is
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