In addition to major cryptocurrencies like Bitcoin and Ethereum, the cryptocurrency market is also witnessing the rise of alternative coins that show significant potential for growth.
One such coin is WSM (Wall Street Memes), which has been gaining attention for its unique approach to blending finance and humor.
Another notable altcoin is yPredict, a platform that leverages blockchain technology to provide accurate predictions and insights.
Additionally, Ecoterra aims to revolutionize the green energy sector through its eco-friendly blockchain solutions.
Today, we turn our focus to Shiba Inu (SHIB), a meme-inspired cryptocurrency that has captured the attention of many investors.
With its recent surge in trading volume, reaching $100 million, the question arises: Can SHIB achieve the milestone of reaching $1?
Let's delve into the factors that may impact Shiba Inu's price and its potential for future growth.
The current trading price of Shiba Inu (SHIB) stands at $0.000009, accompanied by a notable 24-hour trading volume of $81,607,284.
Over the past day, SHIB has experienced a modest increase of nearly 3%.
As of now, Shiba Inu holds the #15 ranking on CoinMarketCap, boasting a live market capitalization of $5,195,877,648.
The circulating supply of SHIB coins amounts to 589,353,544,428,282.
On the technical front, Shiba Inu (SHIB) is trading around 0.00000879, following a notable resistance encountered at 0.0000089067.
Upon observing the four-hour timeframe, there is a formation of three bullish engulfing candles, also referred to as three white soldiers, indicating a strong bullish sentiment in the market.
Additionally, the 50-day exponential moving average and the RSI indicator are both in the buying zone, suggesting theRead more on cryptonews.com