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Your email address will not be published.


FINCI Helps Open New Market for Ripple

A New Partnership Ripple looks to expand its reach by teaming up with Lithuanian company FINCI. Ripple will make available RippleNet’s ODL services that use XRP to link two currencies, which reduces the cost of operations and speeds up transactions compared to traditional ways. The collaboration rests upon the use of RippleNet’s international payment network […]

ECB’s President, Christine Lagarde, Says Crypto Assets Have No Worth

In an interview, Christine Lagarde, the head of the European Central Bank, made it quite plain where she stands concerning the value of digital assets. Head Of ECB Label Cryptos As Worthless According to a survey by Politico, the head of the ECB noted her position on crypto. The ECB head stated that digital assets […]

UK Regulators are Investigating Terra’s Fiasco and Considering Crypto Rules

UK cryptocurrency market regulators are currently investigating Terra’s plunge. It began amid the recent cryptocurrency market massacre. The leading cryptocurrency in the market, BTC, fell as low as $26,000 during the market downturn. At the same time, Terra fell by about 100%. Terra’s Meltdown Under Investigation as UK regulators Consider New Crypto Rules While regulators […]

FTX Launches Stock And ETF Trading Option In The United States 

A prominent cryptocurrency exchange, FTX, is getting into the stock trading business. Soon, its users will be able to trade equities and exchange-traded funds on the platform.  Only A Few Users In The United States To Enjoy The Service  The Wall Street Journal reports that the firm Sam Bankman-Fried helped establish and serve as its […]

Major Australian Bank Shelves Crypto Launch Plan

CBA’s Crypto App Plan As previously mentioned last year, Australia’s biggest bank disclosed plans to let its users carry out crypto-related transactions on its app.  It has been taking its plan to develop the project but as not stated a particular time it will finally launch the project to the public. It also has plans […]