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SHIBA is having a 2017 XRP moment!Shiba Inu (SHIBUSD) is on a remarkable 2-week rally that has already hit the November 2021 levels. Such a strong move is the start of year long parabolic rallies and the one coin that Shiba seems to be replicating is XRPUSD. In fact it appears (on the 1W time-frame) that SHIB is copying XRP's 2014 - 2016 Bear and subsequent accumulation phases, which eventually led to the parabolic rally of 2017. As you can see XRP's start on this rally is very similar to Shiba Inu's today. Is SHIB having a 2017 XRP moment? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SHIBUSDLong
by TradingShot
7
ShibaInu 2-day chart📈 - New All Time High THIS MONTH⁉️🚨⁉️ShibaInu 2-day chart📈 New All Time High THIS MONTH⁉️🚨⁉️ Look at the similarities of the bull run2021 and bull run2024 If SHIB can keep that speed the ATH will be catched very soon dear shiba Army and Crypto Nation🚀 Increased volume looks healthy - record RSI has to be considered👀 Stay tuned for updates dear Crypto Nation😎 Comments💭, Likes♥️ & Follow🔗appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:SHIBUSDLong
by Crypto4Everybody
Shiba Inu Price Surged By 60% In Single DayThe recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) has caught the attention of many investors and cryptocurrency enthusiasts alike. In a single day, the value of CRYPTOCAP:SHIB surged by an impressive 60%, bringing it halfway to its all-time high value. This is a remarkable achievement for the meme coin which has been performing exceptionally well in recent times. Several other meme coins have also been performing well in the past few days, with some even crossing their all-time high values. Weekly trading volumes for some of these coins have also surged by up to 3000%. However, Shiba Inu ( CRYPTOCAP:SHIB ) stands out as one of the top-performing meme coins due to its recent surge in value. At present, CRYPTOCAP:SHIB is trading at $0.00004083, which represents a 70% increase in its value from the previous day. Over the past week, the price of CRYPTOCAP:SHIB has risen by an impressive 283%, with a trading volume of $13,338,944,678. This represents a massive surge in trading volume, compared to the $617.67 million trading volume recorded on February 28th. Following the recent surge, CRYPTOCAP:SHIB has climbed up the rankings on CoinMarketCap to become the 10th most popular cryptocurrency, with a market cap of $22,869,329,619. This surge has pushed Shiba Inu's valuation to $25 billion, putting it in close proximity to Dogecoin's valuation of $27 billion. The recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) can be attributed to several factors. For starters, Shiba Inu ( CRYPTOCAP:SHIB ) is the second-largest meme coin after Dogecoin, also known as the "Dog-Killer." Other meme coins such as Bonk and Floki Inu have also gained significant attention, contributing to the bullish market for meme coins, including $SHIB. Another significant factor contributing to the surge in CRYPTOCAP:SHIB 's value is increased buying activity in the market. According to Spot-On-Chain, the founder of MakerDAO, Rune Christensen, recently purchased 7.41 billion CRYPTOCAP:SHIB worth 100K USDC on March 1st, which was responsible for an initial 60% increase in the coin's value. Later on, he purchased an additional 17.629 billion CRYPTOCAP:SHIB with 400K USDC, contributing to a further 20% increase. The launch of CRYPTOCAP:SHIB Identity, which is designed to incorporate Self Sovereign Identity (SSI) into Shiba's projects, is another significant development that is expected to cause a surge in the value of $SHIB. This is scheduled to launch on November 1st, 2024. In conclusion, the recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) is a remarkable feat that has caught the attention of many investors and cryptocurrency enthusiasts. While the value of CRYPTOCAP:SHIB seems to be slipping a little from its peak of $0.00004438 earlier, it remains to be seen what the future holds for this meme coin and whether it will continue to rise or fall.
COINBASE:SHIBUSDLong
by DEXWireNews
shiba/eur the rise or the set?Hi Traders! A quick update on shiba !!!! If the price close up to 1259 then we will see very good returns!! personally it is the number one asset in my portfolio (of course there are others). let's see during the weekend if he can surprise us.. Be careful and always do portfolio management and if you are not in a good mood then go for a walk or read some book!! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. don't forget to follow me for more news and updates. Thanks for reading!
Long
by GP101
SHIBA! Continuation; Bulls vs BearsThe gloves are coming off. SHIBA is now attempting to hold off sellers, as the bulls have been showing that their buying power is to much while soaking up demand. IF SHIBA can successfully hold and confirm support above these levels, SHIBA is a MUST buy with crazy potential. PLEASE, I ask. Do not put in a trade while we are in this spot. Be patient and WAIT for this to play out, as we know EXACTLY what SHIBA does above these levels once it CONFIRMS itself above these levels. Its all up to the market makers and how strong buyers are here. Be patient!
by BShellhammer
Shiba Inu's Meteoric Rise: SHIB Price Hits 2-Year HighIn the ever-evolving landscape of cryptocurrencies, few phenomena capture the imagination quite like the meteoric rise of meme coins. Among these, Shiba Inu ( CRYPTOCAP:SHIB ) stands out, not only for its adorable canine-inspired branding but also for its recent surge in value and burn rate. As the crypto community grapples with the implications of this unprecedented growth, it's crucial to delve deeper into the factors driving Shiba Inu's ascent and what it means for the future of the ecosystem. The Surge in Burn Rate: One of the most striking developments in the Shiba Inu ( CRYPTOCAP:SHIB ) saga is the exponential increase in its burn rate, soaring by an astounding 840% in a single day. This surge, as reported by Shibburn, underscores a fervent commitment among investors to reduce the circulating supply of CRYPTOCAP:SHIB tokens. By destroying 35.30 million CRYPTOCAP:SHIB tokens within 24 hours, prominent wallet addresses signal a concerted effort to instill scarcity and bolster investor confidence. However, this surge also prompts critical questions about the sustainability and long-term implications of such a drastic burn rate. Implications for Price Dynamics: The immediate consequence of Shiba Inu's burn rate surge is its catapulting price to a two-year high, accompanied by a remarkable 71.32% increase during the reporting period. Such exponential growth not only propels CRYPTOCAP:SHIB to the 11th position by market capitalization but also ignites optimism among meme coin enthusiasts. Yet, while the surge in price may elicit euphoria, it's essential to temper expectations and assess the underlying factors driving this rally. Community Enthusiasm and Market Sentiment: At the heart of Shiba Inu's meteoric rise lies the unwavering support of its community, exemplified by the surge in burn rate and trading volume. Wallet addresses actively participating in token burning underscore a shared vision of creating value through scarcity. Moreover, derivatives data analysis indicates a robust sentiment in the market, with open interest soaring by 83.33% to $77.97 million. However, amid the fervor surrounding SHIB's ascent, it's imperative to acknowledge the inherent risks associated with meme coins and exercise caution in navigating the volatile crypto landscape. Challenges and Considerations: While Shiba Inu's ( CRYPTOCAP:SHIB ) recent surge may paint a picture of unbridled success, it's essential to confront the challenges and considerations lying ahead. The Relative Strength Index (RSI) of the meme coin signals an overbought condition, raising concerns about a potential market correction. Moreover, sustaining momentum amidst regulatory scrutiny and evolving market dynamics poses a formidable challenge for Shiba Inu and its community. Conclusion: In the saga of Shiba Inu, the surge in burn rate and accompanying price rally epitomize the dynamism and unpredictability of the cryptocurrency market. While optimism abounds, tempered by caution, it's imperative for investors to maintain a balanced approach and stay attuned to evolving developments. As Shiba Inu ( CRYPTOCAP:SHIB ) continues to captivate headlines and reshape the crypto landscape, only time will reveal the true extent of its impact and sustainability.
COINBASE:SHIBUSDLong
by DEXWireNews
3
Shiba Inu: Potential +95% from Wedge Breakout!Hello dear traders! Your support means the world, so smash that like button to keep the motivation flowing! 💙💛 BINANCE:SHIBUSDT is breaking out of a Falling Wedge pattern! This breakout suggests a potential uptrend, and the token could hit key resistance levels on its way up, specifically at 1214, 1480, and 1773. Now, about the Falling Wedge: it's a pattern on a price chart that typically indicates a reversal or bullish continuation. Imagine a wedge sloping downward, and BINANCE:SHIBUSDT breaking out of it is like a springboard for potential gains. For safety measures, consider setting a stop loss below 800 . This step is all about protecting your investment. Also, think about using a lower-risk position size – it adds a layer of security to your overall strategy. Here's to successful trading! If you have any questions or need more insights, feel free to ask.
Long
by ArShevelev