Shiba Inu Gains 2.5% – Where to Buy SHIB?

Shiba Inu is among the canine-themed tokens circulating in the cryptocurrency market at the moment. The best thing with this coin is that it is cheaper, allowing investors to get more for less. SHIB joined the crypto waves to improve the imitations that Dogecoin had. With that, the meme asset gained popularity within no time.

Price Analysis

SHIB has increased its value by 2.5% over the last 24 hours to trade at $0.00000704 at the moment.

Shiba Inu managed to recovers slightly from its losses since yesterday. However, the crypto token still trades beneath the $0.00000750 resistance zone. That means that SHIB has to register more gains to confirm bullishness.

For now, the broader market support is essential for SHIB to break over the resistance at $0.00000750. Moreover, the coin has to maintain an upward move since any declines might strengthen bearishness.

Meanwhile, if SHIB faces rejection at the pivotal resistance level, it has chances to retreat to the $0.0000070 and further.  With such moves, Shiba Inu investors should prepare for massive losses.

SHIB had had immense volatility over the last few days as the broader market saw pullbacks. With that, investors can expect the price to move either lower or higher in the coming sessions.

However, most analysts trust that July is SHIB’s month with the multiple developments within its network. First and foremost, the long-waited July 20 virtual party might send SHIB higher past most of its resistances.

Also, ShibaSwap performed beyond what market players expected. The network launches multiple trading pairs to boost liquidity. Some of the recent crypto pairs added on ShibaSwap are ETH-USDT, LEASH-BONE, and SHIB-Bone. These pairs will increase use cases and promotes SHIB’s adoption.

Where to Purchase SHIB?

If you think that SHIB is worth your money, you can try your luck with these exchanges:

  • eToro

With this crypto exchange, you will access popular trading pairs and virtual tradeable coins. Some of the features that draw investors to this platform are low fees and copy trading.

  • KuCoin

KuCoin is another platform that you can use by SHIB. The exchange supports multiple altcoins and boasts many lucrative features. Also, KuCoin has lower trading fees.

Leave a Reply

Your email address will not be published.


Investors Excited As XRP Market Capitalization Hits $20 Billion

It’s been wide jubilation today after XRP investors heard the announcement that the market capitalization has surged to $20 billion. XRP: a cryptocurrency developed and managed by Ripple, a San Francisco, United States, distributed data company. It was gathered that the coin itself responded to this development through a climb in price – it was […]

GlobalTrades Review, – Is Global Trades Scam or a Good Broker?

GlobalTrades Trading Platform Rating 4.6 Summary Read our Global Trades review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is scam or legit” and much more! GlobalTrades Review As people look at cryptocurrencies and their immense success, they are eager to start their own trading businesses. While […]

Belgium Regulator Sets To Impose New Crypto Ads Rules

The Belgium government has mandated that every firm offering crypto advertisements should register with it before launching any campaign. Henceforth, any crypto advertisement without the government’s backing would be treated as an offense with heavy consequences. According to the report, the Financial Services and Markets Authority (FSMA) of Belgium recently announced that every potential crypto […]

Profit-taking on BTC Surge, As Price Breaks The $27,000 Threshold

It has just been confirmed that BTC has experienced the most extensive profit-taking activity since the last quarter of 2020. This information was obtained from data released by Santiment, an on-chain data analytics company. The released data also states that the profit-to-loss volume of the day-to-day ratio on on-chain transactions was one of the major […]

Governments Who ban Drugs Should Ban Crypto Too, Said Belgium’s Ex-Finance Minister

The former finance minister of Belgium, Johan Van Overtveldt, reportedly suggested that any country that bans drugs should also ban crypto assets. According to reports, he made the statement during the recently concluded European Parliament meeting. During the meeting, the parliament was reportedly deliberating on the effect the recent collapse of three crypto-friendly banks, Silvergate […]