Shibarium
!! Mysterious Shiba !! It is true that after the launch of Shibarium, we saw a downward correction in the Shiba trend.
Something that not only Shiba, but the whole market was involved in.
But the data shows that before the halving of Bitcoin, which will happen on May 1, 2024, we will witness a significant growth of digital currencies, especially Shiba.
Based on Shiba's development plans, including the launch of Shibarium and the news of stablecoins and the high amount of token burning and the increase in investor demand, it indicates an upward trend.
If this analysis is of interest to you, please support me with a boost and comment.Thank you
SHIB, ARE WE IN FOR A PUMP?📈 Analysis: After nearly a month of consolidation, SHIB seems ready to rejoin the cryptocurrency market action.
Accumulation and Support: During this period, SHIB held strong support levels within the range of 0.00000710 to 0.00000705, clearly marked in the highlighted box.
🚀 Bullish Signals: On the daily chart, SHIB shows signs of breaking out of this accumulation zone, backed by a 12-hour bullish price action. Our primary focus remains on the daily chart.
Key Indicators: To validate a bullish scenario, we require a shift in market sentiment, a flip of the blue zone on the daily chart, strong bullish volume, and possibly some bullish news.
💹 The Potential Upside: If these conditions align, we may witness a significant pump, targeting the next zone of interest at 0.00000100, offering a potential 30% upside. This level correlates with a longer-term trend line, easily visible on the 3D chart.
Confirmation: For confirmation of this educational idea, watch for a break above this level followed by a retest.
Disclaimer: This analysis serves as guidance and not definitive instructions. Conduct thorough research and consult with a financial advisor before making any investment decisions.
BONEUSD: Bearish Shark with Bearish PPO ConfirmationWe have Double Confirmation on the PPO that this Bearish Shark Harmonic is active and along with that we have some Bearish Divergence on the MACD and PPO as the RSI Moves down below the 50 Line in an impulsive manner. This could lead to BONE going down 50-90% especially as Shibarium Disappoints.
Analysis of Shiba Inu (SHIB) Price Movement and Layer 2 Release Long story-short, Anticipating a move toward the target in the yellow bubble.
Introduction:
Cryptocurrency markets have been marked by significant volatility and innovation, with Shiba Inu (SHIB) emerging as a prominent meme token within the broader crypto landscape. In recent trading sessions, SHIB has exhibited an upward trend, approaching a critical resistance level. Furthermore, the impending release of Shibarium introduces a potential catalyst that could influence SHIB's price dynamics. This analysis delves into the recent price movement of SHIB, its technical outlook, and the potential implications of the forthcoming Shibarium release.
Recent Price Movement and Technical Analysis:
Over the past trading sessions, Shiba Inu has demonstrated a bullish trend, as evidenced by its movement towards testing the next level of resistance. Technical analysis reveals that SHIB has breached key moving averages, indicating increased buying pressure and potential upward momentum. The Relative Strength Index (RSI) suggests that SHIB has entered overbought territory, implying the possibility of a short-term correction. However, the Moving Average Convergence Divergence (MACD) histogram shows positive momentum, signaling further potential for an upward move.
Key Resistance Level and Potential Breakout:
The next critical resistance level for SHIB lies ahead, and its ability to breach and sustain above this level could signify a breakout. Traders and investors are closely watching this level, as a successful breach could open the door to further price appreciation. Conversely, a rejection at this resistance may lead to a short-term retracement, finding support at lower levels.
Shibarium Release Impact:
One of the most anticipated events in the SHIB community is the upcoming release of Shibarium. This decentralized exchange and NFT ecosystem holds the potential to introduce new utility and demand for SHIB tokens. The introduction of Shibarium could enhance SHIB's fundamental value proposition, potentially attracting more users and investors to the ecosystem. This event has likely contributed to the recent bullish sentiment, with investors positioning themselves ahead of the release.
Risks and Considerations:
While the current outlook for SHIB appears positive, it's essential to acknowledge the inherent risks associated with cryptocurrency investments. SHIB's price is subject to rapid and volatile fluctuations, driven by market sentiment, regulatory developments, and macroeconomic factors. The overbought RSI and the potential for profit-taking after the Shibarium release could lead to short-term price volatility and corrective phases.
Conclusion:
In conclusion, Shiba Inu's recent price movement reflects a bullish sentiment as it approaches a critical resistance level. The impending Shibarium release adds an extra layer of excitement and potential catalyst for further price appreciation. Traders and investors should closely monitor SHIB's technical indicators and the progress of Shibarium to make informed decisions. However, it's important to exercise caution and manage risk, given the inherent volatility of the cryptocurrency market.
Predicting the Future of Shibarium🥳BINANCE:SHIBUSDT - CRYPTOCAP:SHIB - COINBASE:SHIBUSD
Month to month year to year chart.
Hola shib fans - I had a question asked by one of my followers about Shibarium.
From: ShibaArmy77
"@Grandmaster_Oz I know this is a silly question that no-one can be 100% certain of... Do you think when the Shibarium gets launched, can Shiba potentially eat 2-ZEROES? I know there's not a definite answer, just wanted to hear your thought on it and see if there is a potential?"
Good question!
Short answer : Anything is possible, such as - if dead companies like blockbusters that's been Bankrupted and liquidated can comeback from the dead and have a market price higher than Elon Musk's favorite crypto the dodge coin.
😏See what I did there.
Then it's possible for Shibainu to see heights such as removing a few zeros, in fact I'm begging it to - please do so, I want to retire at 40 years of age.
But sadly you come asking for a real prediction and yes it is possible for it to even see $0.01, but we would require a rally for that to happen.
So the long answer is : not really possible not at this very moment.
Shibarium is launching at the right time yes - as the market for shib from this month currently - till July of 2024 is in an up trend / wave - which can aid the potential rise of shib to newer heights - but there are a lot of unwanted factors in the way, for example:
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Public/ market interest
The fact we are supported by Ethereum - but that's not much of a issue if we can rally up-word and give shib a backbone of it's own.
Government regulations breathing down our necks.
An Lastly
The flow of the economy
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What can fix or remedy these issues are:
large rallies in wave succession
Whales looking for greater gains at such low prices.
High public interest
More reward than risk
less panic sellers
less impatient investors ready to sell
less impatient whales that like to sell
And lastly
Removal of day traders - like myself.
😩(Yeah I'm contributing to the problem, but who wants to watch it crash when you can have greater returns.) (Sorry in advance)
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But this is just the tip of the iceberg we call Shib with the support of Shibarium.
Your other issue is the path it takes. With the right path it will rise over time, the wrong path with no support will result in Shib crashing to it's original state it was suppose to be in the market.
It's mostly people selling to make it rich and forcing the wave to start collapsing, and once it starts it's not stopping. So that is the cause but really it's a lot of factors, mostly timing and the willingness to buy.
Get a single rally to make a powerful wave up to 0.00008000 or more, it'll fall within a week because of lack of support - new buyers panic selling and everyone wondering why the hell is it crashing and rushing to blame the value of the shib market for it's weakness.
But in reality we are riding in waves, and some waves are high others are low and when there low even with a rally it will fall back regardless of how you feel about the coin. Trick is you need more than one rally to force it to move up and keep it in place or else it continues to fall back down, it's always wanting to go down, that's the stock market in general.
And lets not forget about the crypto depression that can take you from 0.00008000 to 0.00000700 in a matter of 2 weeks. That's what happen in 2021.
So the best path to take is the slow and steady path, that's creating new peak points and gaining support to stop the lows from getting any lower.
Even with cryptos like Bitcoin for example and their limited supply - the price is still going down because they are in a down wave and the holders don't even know it or care to hear about it.
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So in conclusion do I think Shibarium will help Shib lose a few zero?
Yes, it will but highly unlikely to happen at this very moment maybe in a year or so - but you never know till you Hold and watch the ride.
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Just be happy we have something that doesn't go bankrupt like the stock market does with companies that enjoy doing negative splits and charging you 50 bucks for your 1 share/ half a share, blasted thieves.
Yeah sorry past events on E-trade popped in my mind, more like nightmares really.
Any-who hope this helps.
Bone Order Blocks Daily Chart Money flow has been going down.
We may see a bounce soon but I think it will drive down further after.
My opinion is that we will accumulate along side BTC and the TOTAL market until Jan 2024.
With that said. You really never know with the Shib army. Wild things have happened before. If they release new hype you could see volatility with low marketcap ecosystem tokens such as Leash, Fund, Xfund, and Bone.
SERP Shibarium Dex With Leverage LOLWell I do believe super degen season will come eventually if we are not in the begining already. SERP is a decentralized trading dex that offers leverage that is set to launch the soon to be realeased shibarium platform.
What do I know about shiba? Shiba is nothing more than blockchain based trading card but it is one with a massive community.
High hype projects with a community like shib all waiting for these kinds of things to lauch means BUILT IN USERS.
Starting at near zero in a new eco system with built in users ready to spend money and drive the hype for new users is a good place to be.
This is where we are now not later. When they run it is fast and hard often leaving many looking for a retrace to get in that never comes until they dump or FOMO the top.
This project seems to be attempting to set them selves up very well to be ahead of the shibarium game. They have launched early and are offering a product of high appeal to the average user of the shib community.
Seasoned users want decentralized dex's but also want the ability to use leverage and SERP offers both.
If fees are low, there are tokens to trade, and bulit in users to drive the hype the herd will come.
Target is 3000-3500% ..... .000065 When no idea
These projects are HIGH RISK but that should only be a deterent if irresponsibly investing large amounts of capital.
Small amounts of capital with a risk profile of 100%
Starting from near zero very small amounts of capital can grow quite quickly making them low risk with extremely high reward.
At the end of the day I know very little about the fundamental of shiba, shibarium, or SERP. I do know they have a massive amount users, users buy and sell, and for some strange reason they have hype for the volume.
#Shiba perps trading platform project With the announcement of the testnet of #Shibarium
and the release of the main net once we see #Ethereum in bull market valuations (above $2500)
It is wise to allocate some small capital degen money to #Shib 's ecosystem
#TAIL seems a high reward play at this early stage
The number of holders is growing rapidly which is something I attain to look for
SHIBUSDT heading again for 0.00001276, the 4h resistance levelPrice shot a bit up from the expected resistance level mentioned in the last post and also depicted in the chart as L2., however, it is pushed back to the level shown on the chart as S3. Now price has a likelihood of following the step L4 which will bring the price to the level 0.00001276 again. I will assess it again when the price is there.
$SHIB volume on selling is not bad 2 of few2
Sitting on some cash as we took SOME #crypto longs off as we clearly posted that $BTC was looking weak
Will look for new positions, sticking with what works
$SHIB broke out on daily with GOOD volume
Unless a change not much selling
Things cool off, put money back in this
#Shibarium #Shiba
$Bone ties with $SHIB is GOODJan 5th we spoke on $BONE
"Like $BONE, have some
Has outperformed its daddy $SHIB lately
Much smaller mkt cap, great fully diluted & significantly smaller supply
Still way off from highs
IMO if not in, buy on pullbacks
Weekly looks healthy
TODAY
$BONE still pumping
$SHIB #BONE #crypto
Layer 2 Shiba Inu: WHAT to expect and HOW to make profitThe Shiba Inu team announced the release of a Layer 2 network called Shibarium. Shibarium will run on top of the main Ethereum network, ensuring full interoperability and facilitating user and capital migration. The primary function of this network will be to launch and support decentralized applications. Shibarium will initially support $SHIB, $LEASH and $BONE as ecosystem tokens $BONE will become a native token of the network and will be used to pay for gas and reward validators. As a result, the team mentioned that Shibarium will implement a $SHIB token burning mechanism
What are the pros?
The main piece of good news is that the project, which began as a funny meme-token for amusement and community unity, is now getting a comprehensible product and application.
The Shiba team decided against developing a separate non-EVM network in Rust or another language. They made the decision to join an EVM-like ecosystem. It will enable them to fight for the users as well as TVL.
What are the cons?
The native token is $BONE, not the main token of the ecosystem – $SHIB. The team may have concluded that it would protect them from the project failure, if something irreparable happened. In this case $SHIB would not get a hard hit. In our opinion, $SHIB will take the hit anyway. As we see in the main graphics, $SHIB and $BONE have a similar reaction. The only difference is in the percent of the price change as $BONE is a more volatile token. Thus, what is the purpose to create another token inside the ecosystem, if the main token can be recapitalized?
The use of 3 tokens inside one blockchain is a weak point of the project. As we can see over time, there is no need to complicate the concept because a single native token suffices. This concept has stood the test of time and is more sustainable due to fewer risks. Another intriguing aspect is that the project team announced that Shibarium would have three main tokens, but that another token, $TREAT, would be created to stimulate users. In fact, four utility tokens will coexist on a single blockchain. It appears that the project does not require all of these tokens. If the project team recognizes the need for a mechanism to reduce the emission of $SHIB and develops one, why not use only one token within the network?
Shibarium doesn't have any killer-features. According to Shibarium's announcement, the project will be similar to other L2 projects. The team selected a tried-and-true technology stack and built their own network. It's not bad, and it makes sense, but Shibarium will face competition from Arbitrum, Optimism, Sui, Aptos, Sei, Berachain, and Canto, all of which are based on ZK technologies. If you create such a mundane project, you should expect it to fail because you will be unable to attract talented developers and your network will lack projects like GMX.
Users and TVL
Let's be real. $SHIB is a mass-market token. Since 2021, its token customers and holders have all been users, the majority of whom simply desired a quick "to the moon" and an expensive sports car in their garage. These users have no idea what dapps are, and many of them are unable to use Metamask. Their user pattern is a "buy-hold-sell" strategy, and they do not require dapps or L2 because they do not understand what it is. The rest are advanced users who can profit from narratives and will profit from Shibarium via LP, NFT, and then leave. Shibarium will simply not have enough liquidity, TVL, or users to keep developers interested for an extended period of time. Without developers, there will be no strong products, no target users, no liquidity, and no TVL. Let’s consider Dogecoin as an example:
The Dogechain TVL chart
The $DOGE and $DC chart
The highest TVL is shown in the chart's frame. As we can see, the greatest growth of TVL occurs when the price of $DOGE and $DC rises. It is also worth noting that each new local price increase is followed by less TVL growth on Dogecoin. Why is this so? The user base of dapps and onchain apps is losing faith in the Dogechain's success, but they don't have a choice, and others aren't just interested. We can assume that Dogechain does not attract new users and that existing users are less interested in the project.
Consider the example of a good network TVL, where each token has a lower capitalization than $DOGE or $SHIB.
Canto
Hedera
Optimism
There is a chance that Shabarium will repeat the Dogechain story, with users returning only with token growth, and each return will be less impulsive.
What can we do and how can we make money?
Collect the $BONE and $SHIB stacks, and keep risk management in mind. The launch of Shibarium is unknown, as is what will happen to $BONE;
Find projects that will be launched on Shibarium and add them to your watchlist. Find all markets where these projects are traded;
Keep an eye on the announcements within the ecosystem and revise your watchlist and strategy as necessary;
When you realize you can enter the market, just do it. In practice, we know that the first week following the launch will be the most profitable for those who were prepared and entered the ecosystem first;
Remember the Dogechain lesson and avoid being greedy.
In turn, we will monitor the evolution of the $SHIBA ecosystem and strive to provide users with as many tools as possible to profit from this narrative. We monitor market trends and try to provide traders with information that can help them receive profit so check links in our signature and join our community. Also write a comment what do you think about Shibarium and its prospects
Thanks for reading!
✴️ Beyond Shibarium (75%, 144% & 213%)Here is how you can tell that Shiba Inu will do better than many other altcoins in this cycle.
Jan. 2023/Dec. 2022 vs June 2022... That's it, did you get it?
We have a higher low in Jan/Dec vs June '22 for SHIBUSDT.
If you look around other pairs, many hit a lower low in this same time window... Which means that the market had to look for liquidity before being able to push prices up.
This is not the case for Shiba Inu.
A higher low tells the contrary, the market couldn't push prices lower so it has to reverse because the support is too strong.
Liquidity can be found higher and so higher it goes.
Shiba Inu is now growing strong above MA200 with a super-bullish RSI...
We can aim up and up and up... It will be nice/fun to see how far up it can go.
My guess is shown on the chart.
Namaste.
✴️ ShibariumOn Friday we looked at Shiba Inu (SHIBUSDT) on the weekly timeframe and its long-term potential... 300% to 600% can be achieve... See below:
Looking at the daily timeframe, we are getting a different type of confirmation.
-> Shibarium is being launched which includes a new token burning mechanism for SHIB.
This is fully confirmed by the chart and can lead to a fast 100% jump.
We've been tracking SHIBUSDT for a while and the bullish bias became apparent early January as prices broke above EMA10 and EMA21.
The reversal signals started to show much sooner as is normally the case.
For example, the bullish divergence on the RSI between Oct. and Dec. is one of those that gave it away.
Here is one of our favorites so far, 22-Dec-2022... Patience is key!
It takes time for our pairs to take off... But once the action starts, it goes fast and strong.
Enjoy the profits.
Be prepared.
Write down your plan and make sure you know when you want to rebuy and when exactly you want to sell, and how much at each resistance level.
Never become complacent, things can suddenly change.
Safe is better.
Opportunities are endless.
Namaste.