Shiba Inu (SHIB) price has gained 2% in the last 24 hours, reaching $0.00001129 with a 3.5% increase in the cryptocurrency market.
SHIB’s price action today means it is up 3% in one week and 6.5% over the past fortnight, with the meme token seeing 39% since the start of 2023.
Its growth today is as follows The news that Twitter is now offering trading cryptocurrency (and stocks) on its network in partnership with eToro, with the social investment platform already listing SHIB on its website.
And with Shiba Inu also awaiting the launch of Shiberium and SHIB: The Metaverse, its native token could be in line for several notable rallies in the coming months.
Shiba Inu Price Prediction As Elon Musk Plans To Add Crypto Trading To Twitter – Will SHIB Be Involved?
SHIB’s indicators suggest that it could be in line for further upside in price over the weekend, with its Relative Strength Index rising steadily from 50 and above.
Similarly, SHIB’s 30-day moving average (yellow) has started to rise above its 200-day average (blue), while its price moved above both last week.
The key resistance level here is $0.0000113: If SHIB can overcome this value (it has repeatedly failed to do so since March), it could see further consolidated gains in the coming days.
The growth may have been helped by the fact that Twitter has rolled out a stock- and crypto-trading feature on its network, doing so in partnership with eToro.
The social network will integrate with eToro so that its users can view real-time cryptocurrency prices on its site/app, while users will also be able to trade crypto on Twitter (but using the eToro backend).
Given that SHIB is one of several cryptocurrencies that eToro currently lists, it could therefore see an increase in trading and, by extension, an increase in value.
SHIB’s price will also be helped by the arrival of layer-two network Shiberium, which is due for a full public rollout in the next few weeks following the launch of its beta last month.
The latest available data shows that the layer-two network has processed more than three million transactions to date, attesting to the fact that it is being widely tested by developers and how much it will grow once it is publicly launched. may be popular.
promising, Shiberium’s official launchpad has also been revealed It’s receiving thousands of applications from projects looking to launch apps on its network, something it also suggests could help the layer-two Shiba Inu’s ecosystem explode in size.
It should also be noted that more SHIBs will be burned as a result of Shiberium, with its development team confirming that each transaction on layer-two will burn a portion of its overall value.
Even though the specific rate at which SHIB is being burned is not confirmed, it is very bullish for MIME token, and the market can expect a gradual increase in its price in the coming months.
From its current value of around $0.00001129, traders can expect it to reach $0.000015 following the launch of Shiberium, with the coin potentially rising to $0.00002 in late 2023.
And if Shiba Inu also witnesses the launch Shib: The Metaverse By the end of 2023, SHIB price may lose even one decimal place by the time 2024 arrives.
A new meme token with utility
Despite SHIB’s potential, it may still witness a big rally sometime back, especially with the launch date of SHIB: Metaverse remaining unconfirmed.
While traders have increasingly been looking for new altcoins in recent weeks, several promising pre-sale tokens are managing to attract some serious investment as they await their listing and launch.
one of the most exciting examples of love hate inuWhich has seen the pre-sale for its LHINU token raise over $4.1 million in less than a month.
Love Hate Inu, a decentralized voting platform running on the Ethereum blockchain, will offer its users the opportunity to earn crypto-based rewards for casting their votes in a topical range of surveys and polls.
It aims to capture a share of the growing global online survey market, which is Its value is expected to increase to $5.69 billion by 2027By $3.2 billion this year.
encouragingly, it Has already attracted over 35,000 followers on TwitterIt shows that its unique blend of Meme Token and social media-based voting platform is already proving popular with the cryptocurrency community.
This suggests that Love Hate Innu could attract a large user base once it launches later, while in turn indicating a lot of demand for its native LHINU token, which can be voted on by users. You have to bet on it to get it. ,
Accordingly, investors can grab themselves for LHINU by visiting Official Love Hate Innu WebsiteWhere they can use USDT, ETH or fiat currency to buy altcoins.
The sale is now in its fifth phase, with one LHINU token priced at $0.0000115, though it will rise again to $0.0000125 with the sixth phase (due in ten days).
These regular increases have added a sense of urgency to the pre-sale, and along with Love Hate Inu’s strong fundamentals, they explain why this sale has proven to be so successful so far.