{"id":528424,"date":"2023-04-24T04:54:47","date_gmt":"2023-04-24T04:54:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=528424"},"modified":"2023-04-25T05:27:34","modified_gmt":"2023-04-25T05:27:34","slug":"shiba-inu-might-surge-by-300","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-might-surge-by-300\/","title":{"rendered":"Shiba Inu Might Surge By 300% If It Maintains This Support Level"},"content":{"rendered":"

Shiba Inu is among altcoins that followed the general market freefall of late. According to <\/span>CoinGecko<\/span><\/a>, the token is down nearly 11% since last week. This made the token become one of the biggest losers in the current market structure.\u00a0<\/span><\/p>\n

Cryptocurrencies fell significantly after a few weeks of continuous bullish action. <\/span>Ethereum<\/span><\/a> has shed nearly 13% since last week which led the altcoin market to slip by a large margin.\u00a0<\/span><\/p>\n

However, analysts are still bullish for Shiba Inu. With developments continuing in addition to a <\/span>strong user base, SHIB might have the upper hand even with the bearish sentiment in the market.\u00a0<\/span><\/p>\n

Economic Woes Drive Crypto Market Pain\u00a0<\/strong><\/h2>\n

The global economy has been teetering between recession and economic growth. With citizens around the world experiencing <\/span>higher prices<\/span> on almost all commodities, governments worldwide began to <\/span>introduce<\/span><\/a> measures to ensure their economies stay afloat.\u00a0<\/span><\/p>\n

The United States Federal Reserve, however, continues to stay on its hawkish path. The regulatory body <\/span>raised<\/span><\/a> rates last month from 4.75% to 5% with more on the way as the inflation stays at 6%. With more <\/span>interest rate hikes<\/span><\/a> by the Fed in the future, we might see more pain this quarter.\u00a0<\/span><\/p>\n

<\/p>\n

SHIB total market cap currently at $6.13 billion on the weekend chart at TradingView.com<\/a><\/pre>\n
Developments On And Off-Chain Keeps The Boat Floating<\/strong><\/h2>\n
Recently, investors have been creating an online buzz as <\/span>NOWPayments<\/span><\/a>, a crypto company based in the Netherlands, partnered with Shiba Inu. This development would certainly boost the demand for the meme coin in the long run as more establishments accept cryptocurrencies as a form of payment.\u00a0<\/span><\/p>\n
Binance also <\/span>moved<\/span><\/a> the token from the innovation zone to its regular trading area. This movement comes after Binance\u2019s detailed review of several factors about SHIB like trading volume and liquidity etc. This is a huge boost in confidence as this shows the industry that the Shiba Inu ecosystem is trustworthy for investors.\u00a0<\/span><\/p>\n
Possibility Of A 300% Mark-Up\u00a0<\/strong><\/h3>\n
The token is currently standing above $0.00001, SHIB\u2019s crucial support which offers a chance for the token to reach a 300% markup in the medium to long term. However, this may only happen if the token holds its $0.00001 crucial support.\u00a0<\/span><\/p>\n
Related Reading: These Top 5 Cryptos Open The Week With Big Losses \u2013 Will They Drop Lower?<\/a><\/div>\n
\"\"<\/p>\n
Related Reading: Shiba Inu Gets Stuck In Price Range \u2013 Will SHIB Break Free?<\/a><\/div>\n
At the time of writing, SHIB seems to be continuing its downward trajectory. Thus, bulls should continue holding the token\u2019s price action as this would benefit investors heavily. If the bulls can blunt the bearish sentiment, SHIB might be on the path towards a significantly movement upward.\u00a0<\/span><\/p>\n
-Featured image from Analytics Insight<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu is among altcoins that followed the general market freefall of late. According to CoinGecko, the token is down nearly 11% since last week. This made the token become one of the biggest losers in the current market structure.\u00a0 Cryptocurrencies fell significantly after a few weeks of continuous bullish action. Ethereum has shed nearly 13% since last week which led the altcoin market to slip by a large margin.\u00a0 However, analysts are still bullish for Shiba Inu. With developments continuing in addition to a strong user base, SHIB might have the upper hand even with the bearish sentiment in the market.\u00a0 Economic Woes Drive Crypto Market Pain\u00a0 The global economy has been teetering between recession and economic growth. With citizens around the world experiencing higher prices on almost all commodities, governments worldwide began to introduce measures to ensure their economies stay afloat.\u00a0 The United States Federal Reserve, however, continues to stay on its hawkish path. The regulatory body raised rates last month from 4.75% to 5% with more on the way as the inflation stays at 6%. With more interest rate hikes by the Fed in the future, we might see more pain this quarter.\u00a0 SHIB total market cap currently at $6.13 billion on the weekend chart at TradingView.com Developments On And Off-Chain Keeps The Boat Floating Recently, investors have been creating an online buzz as NOWPayments, a crypto company based in the Netherlands, partnered with Shiba Inu. This development would certainly boost the demand for the meme coin in the long run as more establishments accept cryptocurrencies as a form of payment.\u00a0 Binance also moved the token from the innovation zone to its regular trading area. This movement comes after Binance\u2019s detailed review of several factors about SHIB like trading volume and liquidity etc. This is a huge boost in confidence as this shows the industry that the Shiba Inu ecosystem is trustworthy for investors.\u00a0 Possibility Of A 300% Mark-Up\u00a0 The token is currently standing above $0.00001, SHIB\u2019s crucial support which offers a chance for the token to reach a 300% markup in the medium to long term. However, this may only happen if the token holds its $0.00001 crucial support.\u00a0 Related Reading: These Top 5 Cryptos Open The Week With Big Losses \u2013 Will They Drop Lower? Related Reading: Shiba Inu Gets Stuck In Price Range \u2013 Will SHIB Break Free? At the time of writing, SHIB seems to be continuing its downward trajectory. Thus, bulls should continue holding the token\u2019s price action as this would benefit investors heavily. If the bulls can blunt the bearish sentiment, SHIB might be on the path towards a significantly movement upward.\u00a0 -Featured image from Analytics Insight<\/p>\n","protected":false},"author":557,"featured_media":528426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88162,1558,85699,3505,83668],"class_list":["post-528424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcon","tag-cryptocurrency","tag-memecoin","tag-price-analysis","tag-shib"],"acf":[],"yoast_head":"\nShiba Inu Might Surge By 300% If It Maintains This Support Level<\/title>\n<meta name=\"description\" content=\"Shiba Inu is among altcoins that followed the general market freefall of late. According to CoinGecko, the token is down nearly 11% since last week. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Might Surge By 300% If It Maintains This Support Level","url":"http:\/\/ktsl888.com\/news\/shiba-inu-might-surge-by-300\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-might-surge-by-300\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/a-65.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/a-65.png?fit=724%2C440"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcon","cryptocurrency","memecoin","price analysis","shib"],"dateCreated":"2023-04-24T04:54:47Z","datePublished":"2023-04-24T04:54:47Z","dateModified":"2023-04-25T05:27:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Might Surge By 300% If It Maintains This Support Level\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-might-surge-by-300\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-might-surge-by-300\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-65.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-65.png?fit=724%2C440\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcon\",\"cryptocurrency\",\"memecoin\",\"price analysis\",\"shib\"],\"dateCreated\":\"2023-04-24T04:54:47Z\",\"datePublished\":\"2023-04-24T04:54:47Z\",\"dateModified\":\"2023-04-25T05:27:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/a-65.png?fit=724%2C440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/528424"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=528424"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/528424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/528426"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=528424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=528424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=528424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}