Currently, the $SHIB token is trading in a weekly price range between 0.0000317 and 0.0000259, having lost more than 13% in value over the past week.
The Shiba Inu quickly became a viral sensation with its active community and promise of getting rich quick, becoming a symbol of how internet culture is influencing financial markets.
Its widespread popularity and ecosystem growth demonstrate that memecoins have the ability to transcend mere novelty.
However, the recent drop in the Shiba Inu’s value can be attributed to a variety of factors, some of which are directly related to the volatility of Bitcoin’s price.
Still, the future prospects for memecoins may not be entirely bleak, especially considering that a new meme crypto token presale reached its $10 million hard cap in just over a week and is now preparing for its decentralized exchange (DEX) listing.
$SHIB Price Prediction
The price of Shiba Inu has failed to establish a higher high, which has prompted the bears to exploit this weakness. The coin has lost momentum since February and has struggled to sustain an uptrend since March, indicating a prolonged correction phase.
As of now, Shiba Inu is trading at $0.0000271, having dropped more than 20% in the past 30 days, showing significant price volatility. The Relative Strength Index (RSI) is 47.20, indicating that $SHIB is in a neutral market situation.
A break above the $0.0000272 resistance level could drive bullish momentum, with the potential to test the $0.0000289 overhead resistance level in the near future. Conversely, if momentum cannot be restored, the price of $SHIB could retrace to the $0.0000256 support level this month.
Despite market uncertainty, Shiba Inu is backed by strong community support and the promise of the Shibarium protocol, prompting investors to seize buying opportunities on price dips.
To see more cryptocurrency price prediction videos, subscribe to the YouTube channel provided above, and to get valuable trading tips and deep insights into upcoming crypto token presales, join Jacob Crypto Bury’s Discord server.
Shiba Inu holders now set their sights on Dogecoin20 presale
While the Shiba Inu continues to attract attention, a new innovative pre-sale item is stealing the show.
Dogecoin 20 has made a significant impact in the cryptocurrency space during its pre-sale phase, reaching its $10 million hard cap in just over a week, clearly demonstrating investor enthusiasm.
Although Dogecoin20 draws inspiration from the original Dogecoin, it aims to carve out its own path by providing blockchain-based utility. One of its standout features is its staking protocol, which enables holders to earn passivewards simply by holding tokens.
The use of Ethereum smart contracts simplifies the investment process for buyers, bypassing the complexities involved in wallet setup and token custody, providing a more user-friendly experience. Potential investors can visit our guide on how to buy Dogecoin20.
Meanwhile, cryptocurrency YouTuber TodayTrader called it “the best meme coin right now.”
DOGECOIN20 – Best Meme Coin to Buy Now – Launches April 20th on DOGE DAY!!! (1000X POTENTIAL)
https://t.co/1Y0ypF5M1I
– Mark Kelly (@TodayTraderMark)
April 4, 2024
Through its attractive staking earning mechanism, Dogecoin20 stakers can earn an annual yield of 59%, although this percentage will decrease as more tokens are staked. Currently, a staggering 47.2 billion $DOGE20 has been deployed to the staking pool, reflecting the strong market demand for more tokens.
The successful presale of $DOGE20 is just the beginning, with the token setting new fundraising milestones designed to unlock additional value and benefits for holders. These milestones not only demonstrate the growing popularity of the token, but also reassure investors about its potential for continued growth.
For latecomers, the developers are offering one last chance to participate at $0.00022 per token before it is listed on Uniswap on April 20. To stay up to date on Dogecoin20, follow its X or join its Telegram channel. To participate in the $DOGE20 token presale, visit dogecoin20.io.
Related
Shiba Inu destruction intensifies, millions of tokens burned, Monero competitors prepare for major milestone
Pepe and Shiba Inu face adjustments, but Poodl Inu continues to rise
Dogecoin vs Shiba Inu – Will $SHIB outperform $DOGE? Or will this new eco-friendly cryptocurrency become the next big memecoin?
Shiba Inu Price Prediction – Does the recent SHIB token burn signal a bullish trend or should I consider Dogecoin20?
Smog (SMOG) - Meme coin with rewards
Rating
Airdrop Season 1 Live
Earn XP to earn your share of $1 million
Featured on Cointelegraph
Staking Rewards - Annual yield of 42%
OTC Discounts - smogtoken.com
Visit website
Join our Telegram channel to get the latest news coverage.
English 
Chinese (China) 
Chinese (Hong Kong) 