Shiba Inu price prediction appears bearish as it remains below the 50-day SMA (simple moving average) at $0.000010, and the closing of daily candles below this level suggests the possibility of a bearish trend.
SHIB/USD opened at $0.00000936 on December 06, reaching a high of $0.00000995 and a low of $0.00000933. SHIB/USD is currently trading at $0.00000982. The price has risen by 5.60% in the last 24 hours.
Furthermore, SHIB/USD has risen by about 6% in the previous week.
Atheist Shoes Takes Shiba Inu
Shiba Inu is a meme currency that, despite being new to the market, has quickly become one of the most popular crypto assets. The SHIB network’s ongoing expansion and development are built on strategic collaborations and partnerships. Shiba Inu was a significant transaction at a time when most virtual currencies were struggling to survive the crypto market turmoil.
According to a recent announcement, BitPay, a cryptocurrency payment solution provider, has partnered with shoe manufacturer Atheist Shoes to accept Shiba Inu as payment. Additionally, customers who pay with the canine token may be eligible for a limited 10% discount.
Following the announcement of this partnership, the value of SHIB/USD increased.
SHIB Burn Rate is Up
Shiba Inu launched its burn portal in April to reduce the number of SHIB tokens in circulation. Since then, the platform has burned billions of SHIB tokens by sending them to one of the dead wallets. However, it is unclear whether the burn mechanism has affected the price of SHIB. On December 1, Shibburn tweeted that 666.9 million SHIB tokens were burned in November.
There were 149 transactions with burns. The 666.9 million SHIB tokens are now worth approximately $6162.18.
Shiba Inu’s burn rate has also increased by 353.19% in the last 24 hours, with 37,957,807 SHIB consumed. According to the SHIB Army, the current burn rate is insufficient to affect the coin’s market price. The price of SHIB/USD, on the other hand, is rising as the rate of token burning on the Shiba Inu protocol increases.
Possible Listing of SHIB
In response to a tweet from a SHIB influencer requesting the listing of the meme cryptocurrency coin, Fidelity Investments hinted at a future incorporation of the token SHIB. On November 29, Fidelity responded to a prominent SHIB army influencer’s tweet suggesting that the financial services provider considers including SHIB in its trading app.
According to the company, it now only supports Bitcoin and Ethereum. It did, however, add that it intends to expand its crypto trading business. Many Fidelity clients have expressed interest in cryptocurrencies, and the company wants to provide them with the information and assistance they need to make an informed decision.
As a result, Fidelity will continue to ensure that its clients benefit from its technology, service, and education. The company is also one of several American corporate behemoths with active cryptocurrency holdings. A Fidelity listing would increase SHIB token acceptance globally. Furthermore, it may have a positive impact on the price of SHIB/USD.
Shiba Inu Price Prediction – Up 3% In Seven Days, Can SHIB Reach $1?
Shiba Inu is consolidating in a narrow trading range of $0.0000082 to $0.000010 at the moment. On the plus side, a bullish breakout of $0.000010 could push the SHIB price up to $0.0000117 or $0.0000136.
On the downside, Shiba Inu’s immediate support remains at $0.0000082, and a bearish breakout of this level can extend the selling trend all the way to $0.0000070.
The RSI and MACD indicators are ignored because the Solana lacks price action and can break out on either side of the trading range.
Alternative Coins in the News
Because Shiba Inu isn’t particularly volatile, you might want to look into alternative coins with high upside potential. Let’s look at a few of them.
Dash 2 Trade (D2T)
D2T is a cryptocurrency analytics platform that also serves as a decentralized trading platform, allowing users to backtest strategies and see how they performed in the past. It helps traders by allowing them to carry out transactions automatically without requiring human intervention.
Following the presale, the project will be listed on the BitMart and LBank exchanges. Despite the fact that the presale has only recently begun, the platform is rapidly approaching stage 4’s conclusion.
The platform’s native token, D2T, will be used to pay for platform services and participate in community initiatives and competitions. The cryptocurrency is currently in presale and has raised more than $8.8 million. Its presale stage 4 is approaching to finish line, with a 67% completion rate.
Calvaria (RIA)
Calvaria, a free-to-play game, defies traditional pay-to-earn gaming by awarding NFTs to users immediately after they sign up. As a result, participants in the game do not require any financial or technological resources. Calvaria’s early-round crowdfunding piqued investors’ interest. The first four stages of its presale were quickly sold out, and stage five is nearly 73% sold out.
Investors who want to buy 30.77 RIA tokens for USDT 1 must act fast before the presale ends. Calvaria has raised approximately $2.2 million since the start of the presale. When stage 5 is completed, the total project funding will be $3,075,000. Traders can also use trading signals.
IMPT – Less than a week left to buy presale
IMPT’s team is making the world of carbon credits much more efficient than ever before by putting carbon credits on the chain. Previously, the carbon credit system was extremely opaque; it only applied to businesses, and trading with them was inefficient and out of date. Carbon credits can be traded as NFTs on the blockchain 24 hours a day, seven days a week.
LBank and Changelly Pro, two centralized exchanges, will list IMPT shortly after its DEX launch. The IMPT presale has now raised $14.5 million and is nearly full. The price of the IMPT token has risen with each stage of the presale to $0.023.
Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Comments