In recent years, the cryptocurrency space has seen an increase in the development and distribution of so-called “meme coins”, which have often been met with skepticism and accusations. crypto scams, Despite critics, these coins have managed to defy expectations by outperforming many large-cap coins and creating obscene wealth for some of their holders (while losing as much money for others). The success of meme coins has been highlighted by the astronomical rise of Dogecoin (DOGE) and Shiba Inu (SHIB).
While it was a challenging year for the cryptocurrency market, the Shiba Inu held its ground and secured its place among the top digital currencies in 2022. Shiba Inu ranks 15th when Ranked by MarketCapat an impressive $4.39 billion.
Shiba Inu Price Prediction and Technical Analysis
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Shiba Inu price sits at $0.00000798 at the time of writing, testing the levels where it started its 108% Q3 run back on June 21st, which topped out on August 14th. Investors are looking for a potential bottom in SHIB as financials and risk-on asset markets fizzle out. To recover in 2023.
Exponential Moving Average (EMA)
daily Exponential Moving Average (EMA) The price is still bearish as it is trading below the EMA 20, EMA 50 and EMA 100. A trend reversal signal would be for these key resistance levels to be broken on the daily time frame and for the EMA to rearrange itself into an uptrend. alignment.
Relative Strength Index (RSI)
Relative Strength Index (RSI) The RSI for SHIB is currently at a low of 38.67 – below the key RSI level of 40. To suggest an exit from this bearish period, the price should break both the RSI 40 and 50 resistance levels to indicate a possible trend reversal.
Moving Average Convergence Divergence (MACD)
Shib Moving Average Convergence Divergence (MACD) There have been several failed bullish crossover attempts over the past few days. As seen from the histogram, both the MACD and the signal line are so close to each other that this could suggest that a move is about to happen in the near future.
Price Action, Support and Resistance
After a massive 108% run in the third quarter of this year, SHIB is back at the level where the run began – down 50%. The price is trading with a key support range between $0.00000799 to $0.00000816 as SHIB price continues to search for a potential bottom. If this area fails to hold, the price could decline further towards the next potential support area at $0.00000610 to $0.00000630.
Shiba Inu (SHIB) Fundamental Analysis
shiberium protocol
Shiba Inu lead developer Shiotoshi Kusama has confirmed that the launch of the Shiberium Protocol, a blockchain scaling solution that could significantly change SHIB’s position in the cryptocurrency industry, is “very soon”.
The news comes after a successful meeting between Kusama and UnificationUND, the lead creator of the Shiba Inu ecosystem. Investors are bullish ahead of this big launch, and it is expected that it could significantly increase the price of SHIB by early 2023. With such a hotly anticipated move on the horizon, investors should keep a close eye on developments in the days and weeks ahead. ,
As we have seen with the potential impact of Shiberium Protocol on Shiba Inu’s price, it is important to consider the fundamentals of a cryptocurrency project when making an investment decision. With that in mind, let’s turn our attention to a few other altcoins that have sound fundamentals and show promise for future returns.
Other Top Altcoins to Invest In
After thorough research, we have identified three more promising cryptocurrency projects with solid development teams, high interest from investors, and potential for returns. Diversify Your Investments,
Fightout (FGHT)
The FightOut Project, which is expected to be a highly sought-after crypto project in 2023, is currently offering its FGHT tokens for sale during its pre-sale. What sets FitOut apart from other projects is that it focuses on overall physical fitness, rather than focusing on just one or two aspects of fitness, such as the number of steps taken in a day. The project is based on a “move-to-earn” (M2E) model, wherein users can earn both physical and virtual rewards for increasing their fitness levels through a network of physical gyms. The app will also provide access to personalized workouts with videos from fitness coaches.
With these workouts, users will not only want to work on their physical physique—the app will also help build strength, cardio endurance, and technique through fitness programs and an online supportive community. It will also aid in preventing injuries related to boxing and MMA sports. Users will be able to monitor their progress with avatars to see how far they have come in real life.
FightOut’s rewards system will keep users coming back as they earn REPS tokens for completing workouts and winning competitions. These rewards allow users to purchase training gear, coaching sessions, FightOut merchandise and other items within the app. In addition to this feature, Avatar – an immutable NFT known as a “soul bound” token – will fit in with users as they progress in their fitness journey. Users can then compete with their avatars in metaverse FightOut with others through league tournaments.
FightOut’s FGHT cryptocurrency will be used to purchase subscriptions, enter tournaments, and earn REPS points. As an athlete accumulates more REPS points, they will increase their earning potential in future tournaments.
FightOut is offering its token pre-sale after raising $1 million in its private sale within a week and has raised over $2.5 million in pre-sales thus far. 60% of the 10 billion FGHT tokens will be available for purchase during the ongoing event, with an expected return of up to $100 million for FightOut. Early investors can take home a bonus of up to 50%, so if you’re looking to take a position, get in quick before the end of Round 1, which is coming soon.
Dash 2 Trade (D2T)
dash 2 business Will be released in early 2023 and is considered by many to be the future of crypto trading. Dash 2Trade stands out from other platforms with its extensive features and community, providing traders with unprecedented insight and a high degree of control over their investments. with the rise of scams like ftxDash 2 Trade provides investors with the tools to help them thoroughly vet projects, position them for success and secure profits.
While the platform will help novice traders make smart decisions, it will also give more experienced traders the ability to refine their strategies as well as benefit from automated trading via APIs. Dash 2 Trade’s pre-sale token scoring system also provides an extra layer of confidence for all investors to enter the most promising token pre-sales early.
In short, Dash 2 Trade could revolutionize crypto trading with its advanced analytics, real-time sentiment monitoring capabilities, and automated trading features. Another promising aspect of the platform is that the company has already built a strong community around their platform as they are the same people behind the Learn2Trade community of over 70,000 traders around the world. The company is always looking for inputs from the users, so the interface is expected to be world class when it launches.
The Dash 2 Trade pre-sale is coming to a close, with just over 6 days to go and 13% of the tokens still to be acquired. The team has passed its development milestones ahead of schedule and will soon release the public dashboard with the expected launch of the platform in early 2023. Especially considering how far the project has already come.
C+ charge (CCHg)
C+Charge is an innovative blockchain-based rewards app and peer-to-peer payment system for Electric Vehicle (EV) charging stations. C+Charge aims to make EV charging more accessible – while allowing users to earn carbon credits for their contribution to the environment and providing a single payment rail that eliminates the fees and waiting times associated with traditional payment systems Is.
Additionally, its platform will make it possible for users to see how much their charging session will cost, helping reduce the cost of charging and making it more transparent for EV owners.
C+Charge is also a tool that landlords and businesses can use to set up charging stations on their properties. The platform makes it easy to keep track of energy consumption for each electric vehicle, allowing drivers to be charged appropriately for their own electricity usage, thus incentivizing landlords and businesses to provide more charging solutions goes.
Overall, C+Charge presents a powerful use case for blockchain technology that shows how valuable crypto can be in the real world. By providing EV owners an easy way to earn rewards, save money, and learn something about their EV along the way, C+Charge is making a positive impact on both people and the planet. With its innovative platform and commitment to making EV charging easier, faster and cheaper, C+Charge is well positioned to become a significant player in the EV charging industry.
At this time, you can buy CCHG tokens during their pre-sale at an introductory rate of $0.013 USDT each. The pre-sale will take place in a four-stage pricing progression, with a final price of $0.02350 per token.
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