Shiba Inu Price Prediction Stayed above $0.0000088 as it closed the Doji and the top candlestick is above this level. Most of the bullish trend has been driven by an increase in Shiba Inu trades which have topped $1 billion.
There have been many changes in the Shiba Inu ecosystem in recent months. The number of meme currency holders has increased, and community led burning In between this has taken the stage.
Despite these changes, the SHIB value has remained stable.
SHIB Metaverse Team Unveils Two New Hubs
Earlier this week, the SHIB team announced two new Metaverse Hubs on Twitter and shared concept images. The first, The Dunes, is an oasis, a “spacious, shapely, modern” environment with spectacular formations and cool water for adventurous visitors.
The second part of the concept art depicts the Tech Trench Hub. Prestigious educational institutions and universities influenced the later design. Yale and Princeton in the United States are among them, as are Ottoman Gakuen University, Mode Gakuen Cocoon Tower in Japan, and the Rolex Learning Center in Switzerland.
Furthermore, as the famous meme coin prepares to become a self-sustaining ecosystem, Tech Trench Hub will undoubtedly be the de facto place where community distribution of cultural learning experiences can be discovered.
Also, in July, the SHIB development team collaborated with The Third Floor (TTF), an important visualization company, on Metaverse. As a result, the Shiba Inu could benefit from the announcement of two new hubs.
shiberium update
On October 29, Shiotoshi Kusama, who is working on the Shiberium project, said that he is “working head down.”
I’m sure you’ll enjoy the upcoming updates.”
It was still being determined what this upgrade would include at that time. The first hint of the Shiberium update was released on October 9th.
Twitter user Lucy included a screenshot of Kusama’s post in a tweet. According to the post, the developer thought it would be great to test Shiberium using SHIB’s Metaverse game.
A few weeks after the initial tweet, SHIB price briefly fell before starting a multi-day uptrend. Despite the price drop, SHIB investors may have some good news to look forward to, which could cause the SHIB/USD pair to outperform other altcoins.
SHIB Burning Portal unveils strategy to boost SHIB value
Shiba Inu community led burning Center has come to the level, but it is still keeping the SHIB value stable. However, Shibburn, a well-known forum, pointed out that this was different from the way the burn process works, while the community has been requesting that burn portals destroy more SHIBs to drive up the price.
Shibburn said in a tweet on 15 November that burning alone would not increase the price of SHIB.
According to the Burn Portal, several additional strategies will reduce the supply of SHIB. This includes the long-awaited release of Shiberium.
The Layer-2 approach aims to turn MIME Mudra into a self-sustaining ecosystem. The soon to be issued SB Visa card will also be beneficial. SHIB also has a Web 3.0 initiative called SHIB, The Metaverse.
Given that more than half of the total supply of SHIBs has already been exhausted, a possible expansion of SHIB’s burning mechanisms could result in another uptick for SHIBs.
Shiba Inu Price Prediction
the current shiba inu price is $0.000009, and the 24-hour trading volume is $121 million. The Shiba Inu declined by less than 0.50% in the last 24 hours. Coinmarketcap is now ranked 13th with a live market cap of $5 billion.
The circulating supply is 549,063,278,876,302 SHIB coins.
SHIB/USD has formed a symmetrical triangle pattern on the 4-hour time frame, which is taking support near $0.0000088. If the Doji and Spinning Top candles close above this level, a bullish reversal is more likely.
The Shiba Inu could be exposed towards the $0.0000085 level if there is a break below $0.0000088.
Investors should buy $0.0000088 as both the RSI and the MACD are in the buy zone. The Shiba Inu may face immediate resistance on the upside near $0.0000095 or $0.0000099.
Top Coin Alternatives – Dash 2Trade
In less than a month, the Dash 2 Trade presale has already raised over $6.4 million. The amount reflects the high regard for the Ethereum-based trade intelligence platform.
The platform, which is set to launch in the first quarter of 2023, will provide investors with real-time analytics and social data.
Presale Phase 3 raised $6,453,940 out of a total of $8,757,000 at a rate of 1 D2T = 0.0513 USDT.
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