Tag: finance

New Delhi: The Shiba Inu self hailed as Dogecoin killer’s downfall continues as all the major altcoins are also tumbling in the crypto market. Shiba gathered huge attention and emerged as one of the favored choices of investors but this may not be enough to save it from the bear’s territory.

According to analysts, At one point in time, Shiba Inu registered a growth of over 120 percent in 24 hours and logged a staggering 1,970% gain in just 7 days.

The price of the ethereum-based meme token could double imminently as the cryptocurrency market recovers from the recent crash, says FXStreet

Shiba Inu is currently trading between very crucial levels and trying to break the resistance level. If this continues it may hit much lower levels. Bulls may be gained the upper hand earlier as the prices surged more than 13% but bears took the control back and pulled down the price by 15%.

Its price is currently on a very crucial edge and another plunge from here may lead the price towards the lower support levels below $0.000006 or even $0.00000450. Test of this level will open the way to the test of the support at $0.0000055.

What is Shiba Inu coin price prediction?

According to The Sun, the currency has not shown as much growth compared to the Dogecoin and appears to have been made as a way to “give Dogecoin a run for its money”. On the other hand, Dogecoin is highly likely to reach $1. But as how the currency is moving recently, it seems the currency is expected to become a ‘Stablecoin’.

According to Wallet Investor, the price of Shiba could rise up to $0.000048, by the end of the year.

As per Gov.Capital, the price of Shiba could reach $0.000025 by June 2021.

According to other reports,  It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we can say that the cost will be 0.0003 dollars in January 2022.

Based on our SHIB price prediction, a long-term increase is expected; the price prognosis for 2026 is $0.0000670. With a 5-year investment, the revenue is expected to be around +737.5%.Wallet Investor

The analysts believe the price of Shiba Inu will increase in the coming years. It is predicted that by the end of 2021, the price may rise and reach $0.0000202, which is twice the current price.Changelly

Our data indicates that the asset price has reflected a massive bull run for the past year, and it has tremendous long-term earning potential. The future price of the asset is predicted at $0.000018 by the end of this year.GOV Capital

The Shiba Inu price is forecasted to reach $0.0000121 by the beginning of December 2021. The expected maximum price is $0.0000155, minimum price $0.0000105. The Shiba Inu price prediction for the end of the month is $0.0000124.Trading Beasts

As per the latest news, research, and Shiba token price prediction, the coin might cross $0.00001258 by the end of 2021, and by 2025, it may record a new ATH around $0.000040.Digital Coin Price

Based on our analysis, the results are not very encouraging as the bears may be back for SHIB, and the SHIB price may drop to $0.0000009 in 2022 and pose a risk for investors.Reddit Community

By the calculations, there is a very low probability that it will reach $1 by 2025.

How to Buy Shiba Inu

If you are looking to buy Dogecoin or Shiba Inu coin, you can use these apps:

WazirX

Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.

Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.

2. CoinSwitch

CoinSwitch is another notable and safe cryptocurrency exchange in India that lets you purchase and trade Dogecoin in India. You need to install the app, signup using your phone number, and add your bank account. As the app deals with crypto trading, you also need to do KYC. Once you have added your bank account, you can purchase the Dogecoin using Indian currency.

New Delhi: Started as a joke token Shiba Inu (SHIB) is on the rise and is surging while major altcoins are tumbling in the crypto market. SHIB has gathered huge attention and has emerged as one of the favored choices of investors.

As per FXSTREET, Shiba Inu’s price has surged over 60% since its local bottom recorded on June 22. It has been locked in a descending triangle formation since May 19 on the 12-hour chart, as SHIB bulls were unable to lift prices higher against the overpowering distribution of the seller

In the past few days, the crypto market has seen some mixed signals. Shiba recently attempted to break through resistance around $0.000010 but was unable to build enough upside momentum and retreated back.

The price crashed by more than 80% as the momentum faded and some of the traders recently shifted some of their funds from SHIB to the relatively new meme coin known as Baby Dogecoin.

What is Shiba Inu coin price prediction?

The Sbiba Inu price has stagnated recently and right now trading at $0.00000084, which is actually 80% below its all-time high.

It is also between the support and resistance levels at $0.0000056 and $0.0000096, respectively while the Average True Range (ATR) has declined, says Investing Cube.

Shiba will likely remain in the current channel. A move above the resistance level will signal that bulls have prevailed and that the price will keep rising. However, a drop below this support will signify that there are still more bears around, reports Investing Cube.

According to CoinPedia, Shiba has broken beyond a key resistance level of $0.0000084, which was the highest point on June 19 and 25. The 25-day and 50-day exponential moving averages are also supporting the upward trend (EMA). Most importantly, the coin has formed a bullish pennant pattern that is shown in black.

There is a possibility that SHIB will break out higher in July and will be aiming for the next major resistance level of $0.0000098, which is around 9% higher than the present level. This was the highest level on June 15. On the flip side, a drop below the support at $0.0000084 will invalidate this prediction.

When will Shiba Inu reach $!?

It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we can say that the cost will be 0.0003 dollars in January 2022. By the calculations, there is a very low probability that it will reach $1 by 2025.

How to buy Shiba Inu coin in India?

While there is a looming threat of a ban from the government, Indians are actively trading cryptocurrencies.

In India, Shiba Inu cryto coin is traded at an Indian exchange named WazirX.

Shiba Inu tokens are also listed on other platforms like Uniswap and CoinDCX’s web version.

On Uniswap, users can buy and sell cryto currencies in exchange for ETH & Ethereum-based tokens.

Uniswap is an Ethereum-based decentralized exchange.

How to Buy Shiba Inu

If you are looking to buy Dogecoin or Shiba Inu coin, you can use these apps:

WazirX

Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.

Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.

2. CoinSwitch

CoinSwitch is another notable and safe cryptocurrency exchange in India that lets you purchase and trade Dogecoin in India. You need to install the app, signup using your phone number, and add your bank account. As the app deals with crypto trading, you also need to do KYC. Once you have added your bank account, you can purchase the Dogecoin using Indian currency.

New Delhi: Started as a joke token and who itself a Dogecoin Killer is surging while major altcoins are tumbling in the crypto market. SHIB has gathered huge attention and has emerged as one of the favored choices of investors.

Shiba hit its all-time high in May and since then has plummeted and remained on almost the same level. As per Santiment, the reason Shiba Inu performed so well in May was that investors believed it would be the next Doge.

As per FXSTREET, Shiba Inu’s price has surged over 60% since its local bottom recorded on June 22. It has been locked in a descending triangle formation since May 19 on the 12-hour chart, as SHIB bulls were unable to lift prices higher against the overpowering distribution of the sellers.

Shiba Inu saw sudden gain after a huge dump as it was being reported that Coinbase pro, a cryptocurrency exchange platform, is going to list the coin on its platform.

Price analysis

Shiba Inu is surging, on the other hand, Bitcoin is still trying to break through the crucial resistance level. It will be a good sign for other cryptocurrencies Bitcoin manages to settle above this level.

In the past few days, the crypto market has seen some mixed signals. Shiba recently attempted to break through resistance around $0.000010 but was unable to build enough upside momentum and retreated back.

If SHIB breaks the barrier of $0.000010, it can go on to the next resistance level of $0.000012.

Shiba’s peak already gone?

Shib reached new heights in May and since then it’s tumbling. A Crypto analytics expert said that the reason Shiba Inu did so well in May was that investors thought it would be the next Doge.

However, it is being said that the hype around SHIB has died down, which is the reason the coin hasn’t seen a steep rise in value recently.

How to buy Shiba Inu coin in India?

While there is a looming threat of a ban from the government, Indians are actively trading cryptocurrencies.

In India, Shiba Inu cryto coin is traded at an Indian exchange named WazirX.

Shiba Inu tokens are also listed on other platforms like Uniswap and CoinDCX’s web version.

On Uniswap, users can buy and sell cryto currencies in exchange for ETH & Ethereum-based tokens.

Uniswap is an Ethereum-based decentralized exchange.

How to Buy Shiba Inu

If you are looking to buy Dogecoin or Shiba Inu coin, you can use these apps:

WazirX

Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.

Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.