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Shiba Inu Price Prediction – Will SHIB Price Hit $0.0002 Soon?

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  • Bullish Shiba Inu price prediction ranges from $0.00006 to $0.00013.
  • The Shiba Inu price might also reach $0.0002 soon.
  • Shiba Inu’s bearish market price prediction for 2021 is $0.000028.

This Shiba Inu (SHIB) price prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our SHIB price analysis and prediction.

Shiba Inu is one of the most talked-about digital assets in the crypto world lately. SHIB has attracted the attention of investors around the world. Regarding crypto technology, SHIB is an experimental meme token based on the Ethereum blockchain technology. As a result, SHIB must comply with ETH’s rules and restrictions set on its network. On the other hand, SHIB can take advantage of the technology that ETH possesses along with its other crypto partners.

In this SHIB price analysis and price prediction, we take a look at the performance of SHIB if it will reach $0.0002. But before that, let us learn more about what Shiba Inu (SHIB) is and its current position in the crypto market.

What is Shiba Inu Token?

Shiba Inu is a cryptocurrency meme token mostly known as the Dogecoin Killer. This nickname that SHIB earned is due to its ability to outpace Dogecoin’s value exponentially. Truly, this is an aggressive achievement that SHIB should be proud of.

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As of today, SHIB is still a new project compared to the other digital assets in the crypto market. However, SHIB continues to develop its technology with its team of developers. In fact, the network is currently working with its other flagship tokens such as $LEASH and $BONES.

Furthermore, SHIB is on its way to developing its own decentralized exchange: ShibaSwap. Once launched, ShibaSwap seeks to provide a safe place for crypto traders to trade valuable cryptocurrencies.

For now, traders and investors that are interested in SHIB can check the availability of the crypto at different decentralized exchanges. For example, Binance, Huobi Global, and OKEx to name a few.

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Shiba Inu (SHIB) Market Position

So far, SHIB is one of the most aggressive digital assets in the crypto market this year. For this reason, the crypto was able to place itself among the top 20 cryptos in CoinMarketCap. Indeed, this is a good market standing favored by global investors.

In terms of market position, SHIB market capitalization amounts to almost $25,303,599,563  as of the time of writing. Today, SHIB has a 24-hour trading volume amounting to over $3,642,444,649 with a circulating supply of almost 549,095.51B SHIB

Now that you already have an idea about what SHIB cryptocurrency is, do you think SHIB is a good investment this year? If you are already excited to know, come, and together let us check this SHIB price analysis and price prediction article.

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Shiba Inu (SHIB) Price Analysis 2021

Currently, SHIB holds 11th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the SHIB blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this SHIB price prediction article.

SHIB/USDT Chart Showing Symmetrical Triangle Pattern (Source: TradingView)

In the hourly time frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that SHIB has a higher chance of going bullish than bearish.

SHIB Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is at 48.30, which means that SHIB is in a neither overbought nor oversold state. This may lead to a price reversal at any given time. Therefore, traders must trade crypto wisely and should not be affected by the market hype. Keeping all this in mind, traders can move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of SHIB.

SHIB 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, SHIB’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, SHIB has a competitive market this 2021.

Shiba Inu (SHIB) Price Prediction 2021

The chart below shows that SHIB has performed great over the past few days. However, the SHIB price shows a bullish signal. If this trend continues, SHIB might run along with the bulls, breaking its $0.00013 resistance level and going higher.

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SHIB/USDT Price Chart (Source: TradingView)

Conversely, if the investors do not favor crypto, the bears might take over and pull SHIB from its uptrend position. In simpler terms, the price of SHIB might decrease to almost $0.000028, a bearish signal.

Meanwhile, our long-term SHIB price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.000088 this year. Moreover, SHIB can hit ATH only if it breaks many previous psychological resistances.

Shiba Inu (SHIB) Price Prediction 2022

If this bullish trend continues, SHIB will reach $0.0002 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $0.00025. Then the rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $0.0001 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Shiba Inu (SHIB) Price Prediction 2023

If SHIB holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.0005, making it not plummet but play consistently.

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Shiba Inu (SHIB) Price Prediction 2024

As per the latest upgrades, developments, SHIB price prediction, and new project forecasts of the platform, SHIB investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of SHIB in the crypto market, and it will be the best investment as the price can spike and reach around $0.0075.

Shiba Inu (SHIB) Price Prediction 2025

In the next four years, SHIB prices could race up to $0.0095. However, reaching this level could not be so difficult for SHIB as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SHIB has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

SHIB has a bright future ahead of it in 2021. With the ongoing developments happening within the SHIB ecosystem, as well as in the overall crypto market, we may see SHIB reach new heights.

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Bullish SHIB price prediction 2021 is $0.00006. As said above, it may even reach $0.00009 if investors have decided that SHIB is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is SHIB?

Shiba Inu is a cryptocurrency meme token mostly known as the Dogecoin Killer. This nickname that SHIB earned is due to its ability to outpace Dogecoin’s value exponentially.Is the Shiba Inu token a good investment?

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Based on the previous record that SHIB created in the crypto market, we say that SHIB is a good investment. However, as a trader and investor, users should still practice due diligence and research to know more about the token.Is the Shiba Inu token real?

Yes, the SHIB token is real and has a smart contract that can be found in Etherscan and other crypto platforms.Where can I buy a Shiba Inu coin?

Traders and investors that are interested in SHIB can check the availability of the crypto at different decentralized exchanges. For example, Binance, Huobi Global, and OKEx to name a few.What will be the Shiba Inu price by 2022?

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Shiba Inu’s (SHIB) price is expected to reach $0.0002 by 2022.What will be the Shiba Inu price by 2023?

Shiba Inu’s (SHIB) price is expected to reach $0.0005 by 2023.What will be the Shiba Inu price by 2024?

Shiba Inu’s (SHIB) price is expected to reach $0.0075 by 2024.What will be the Shiba Inu price by 2025?

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Shiba Inu’s (SHIB) price is expected to reach $0.0095 by 2025.

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Premiere League Clubs Under Investigation Over Dubious Crypto Partnerships

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The English Premiere League is investigating questionable crypto deals.

The English Premier League will take a closer look at the increasing number of cryptocurrency deals signed by its clubs, The Times reports.

The top tier of the country’s football pyramid doesn’t regulate such partnerships.

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The news comes after Manchester City had to put a cryptocurrency deal on hold after it came to light that none of the executives mentioned in the press release had any sort of online presence. This gave ground to speculation about whether or not the company actually exists.

According to the Times, the EPL itself is mulling over forming a tie-up with a non-fungible token platform for issuing digital collectibles.

Strapped for cash, clubs view cryptocurrencies and NFTs as a viable source of revenue, but they are also concerned about their negative impact on fans.

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Shiba Inu Whales Gobble Up Billions Worth of SHIB Following Announcement of New Gaming Partnership

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Crypto whales are loading up on more Shiba Inu (SHIB) following news of the altcoin project’s potential expansion into the metaverse.

Whale-tracking platform WhaleStats reports that of the top 100 Ethereum wallets holding SHIB, the average balance increased by a whopping 42.7% to 2.523 billion in the past 24 hours alone.

The quick accumulation puts the average value of Shiba Inu sitting in each of these wallets at over $100 million at time of writing.

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Source: WhaleStats

The massive accumulation comes in the wake of the Shiba Inu team announcing that the company has hired gaming industry veteran William Volk to help guide its foray into the metaverse.

Volk brings decades of video game experience to his new role, including having previously served as vice president of technology for industry leader Activision.

In a blog post by SHIB developer Shytoshi Kusama, he explains that while the overall project remains decentralized, Shiba Inu Games will utilize skilled contractors to create a product compatible with the Apple and Android operating systems.

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“The only way to create a 7-figure game that is worthy of 1 million FriendShibs is to find a perfectly fitting AAA studio and build it with them. However, landing a great AAA game studio that has worked with the likes of Disney and Warner Bros. isn’t enough. To manage making a game, from concept to completion, requires dedication, experience, connections and wisdom that only a few people can provide.

I’m happy to announce that the consultant who will lead the charge for the Shiba Inu Games version of the Shiboshi game is none other than William David Volk. Will has seen the vision in full (and knows the AAA studio) so I’m actually excited to share his quote on working with on this unique project:

‘I am honored to be working with an amazing team on what will become one of the most significant games of all time.’”

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At time of writing, SHIB is up 4.78% on the day to $0.00004. It is one of the best-performing cryptos of the year, currently up over 73,000,000% since November of 2020.

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SHIB Price Analysis: Shiba Inu aims to break downtrend as meme coin steps into gaming

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  • SHIB price analysis turned bullish for today, rising by more than 5%
  • The volumes also rose by tremendous numbers
  • The daily high for the token reached $0.00004212

As per data from CoinMarketCap, the trading volume for the token rose by a whopping 6.47%, standing at $1.88 billion. The daily candle opened today at $0.00003911, reaching a daily high of $0.0004212 and a daily low of $0.00003830.

The coin claims the market position of 12 with a 6.74% rise in market capitalization, standing at $22.1 billion. In the past seven days, the token rose from $0.00003599 to $0.00004754 and is currently a 54.32% low from the all-time high of the token at $0.00008845.

SHIB prices rose by 830% in the month of October, starting at $0.00000721 and rising to the all-time high at $0.00008845. On the other hand, the token has dropped by more than $38% in the month of November.

The SHIB price analysis is currently experiencing a downtrend but, this seems to be a correction from the previous bullish phase. Recently, the lead developer of the SHIB team said that the team is looking to develop a Shiba Inu game. This seems to have affected the token’s price action.

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SHIB price analysis using indicators

The indicators are now turning bullish as the prices continue to move above the 100-day Moving Average. The 50-day Moving Average is currently above the price action, indicating that the bulls will try to reclaim the important zone in the near future.

The prices broke down from the lower end of the Bollinger Bands, but after the correction, they are trying to take over the 50-day Average and form an uptrend. Currently, they progress upwards from the bearish zone of the Bands.

SHIB Price Analysis: Shiba Inu aims to break downtrend as meme coin steps into gaming 1
SHIB price analysis on chart by TradingView

The RSI levels indicate a surge in buying pressure as the gradient is positive and the RSI line is trying to enter the bullish region, i.e., above the 50-level. The accumulation of the Shiba Inu token is also rising, and it seems that holders are buying the token and holding on to it, expecting higher prices.

SHIB price analysis
SHIB price analysis on chart by TradingView

Conclusion

The SHIB price analysis can be concluded on a bearish sentiment for today as the token rose by around 6%. This bullish sentiment of the market was due to Bitcoin gaining the important support of $57,000, and now, we can expect an upwards rally towards $60,000 which will be the next target.

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