Shiba Inu price prediction Can SHIB reach $1 with $100m trading volume?

Shiba Inu Price Chart – Source: Tradingview

The cryptocurrency market is not only limited to major cryptocurrencies like Bitcoin and Ethereum but is also witnessing the rise of alternative coins that have the potential for significant growth.

One such coin is WSM (Wall Street Memes), which has been gaining attention for its unique approach of blending finance and humor.

Another notable altcoin is yPredict, a platform that uses blockchain technology to provide accurate predictions and insights.

Furthermore, Ecoterra aims to revolutionize the green energy sector through its eco-friendly blockchain solutions.

Today, we are focusing on Shiba Inu (SHIB), a meme-inspired cryptocurrency that has caught the attention of many investors.

With its trading volume recently surging to $100 million, the question arises: Can SHIB reach the milestone of $1?

Let’s explore the factors that may affect Shiba Inu’s price and its potential for future growth.

Shiba Price

The current trading price of Shiba Inu (SHIB) is 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.

Shiba Price Prediction: Can SHIB Reach $1 After $100m Trading Volume?

On the technical front, Shiba Inu (SHIB) is trading around 0.00000879, following significant resistance encountered at 0.0000089067.

Upon observing the four-hour time frame, 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 the likelihood of further bullish movement.

Shiba Inu Price Chart – Source: Tradingview

Moreover, the 50-day exponential moving average on the hourly timeframe provides support around the level of 0.00008500, and the closing of candles above this level indicates significant upside potential for Shiba Inu.

Therefore, the recommended approach for today is to wait for the market to stabilize and confirm the bullish sentiment by closing candles above the resistance level at 0.000008697. Keeping a close eye on this level is advised.

On the flip side, if SHIB successfully breaches the level of 0.000008906, the next target can be anticipated around the level of 0.000009098.

Exploring Alternatives to Shiba Inu

Discover new opportunities beyond Shiba Inu with alternative cryptocurrencies like WSM, yPredict, and Ecoterra. Explore their unique features and potential for growth in the ever-evolving world of digital assets.

Wall Street Memes (WSM)

The GameStop fiasco of 2021 witnessed the little guy challenging Wall Street, and the legacy of those brave Wall Street Bets heroes continues to resonate.

Emerging from that movement is Wall Street Memes – a symbol of the internet’s triumph over unchecked capitalism.

In the ’80s, Gordon Gekko famously declared, “Greed is good,” as he profited from worthless stocks.

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Jump in before the price increases! Get in on the next stage of Wall Street Memes (WSM) at a price of $0.0256. USDT raised so far: $647,035.07 out of $1,006,000.

Do not miss the chance to become a part of the WSM community and ride the meme trend to financial success!

Buy $WSM Here

yPredict

Introducing yPredict, an AI-driven platform that will change the game for cryptocurrency trading.

With its advanced technology, yPredict provides traders with valuable insights, analysis, and pattern detection to navigate the volatile market successfully.

The presale of the platform’s $YPRED token is currently available at a discounted rate, and the potential for gains is high when it lists on major exchanges.

By using yPredict’s AI technology, traders can gain a significant advantage in making informed decisions.

yPredict plans to launch a comprehensive analytics platform and marketplace, which has the potential to reshape the crypto industry.

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The presale has already accumulated over $1.8 million. Do not miss the opportunity to join the yPredict community and secure $YPRED tokens.

Visit yPredict Now

Ecoterra

Join the sustainable revolution with Ecoterra’s Recycle2Earn app, which provides a practical solution for companies to increase recycling efforts while benefiting from eco-friendly activities.

Connect with businesses seeking recycled materials through the marketplace, making payments with $ECOTERRA tokens or other cryptocurrencies.

Earn rewards for recycling global brand products like Vittel, Heineken, and Pepsi.

Ecoterra encourages positive contributions to the environment by embracing non-fungible tokens (NFTs) and commoditizing ecological actions.

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Invest in this revenue-generating project that harmonizes economic success with ecological sustainability. Together, let’s create a sustainable ecosystem for a better future.

Do not miss the opportunity to support the planet and your bottom line.

Visit Ecoterra Now

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