Highlights
- Makers of the Shiba Inu caution investors over fake giveaway scams.
- Project lead hints at incoming good news for the Shib army this week.
The meme coins are now an integral part of the crypto industry. Meme-inspired coins are growing in prominence in the industry, over the exponential returns, these tend to offer. Coins like Shiba Inu and Dogecoin are never far off from discussion concerning the meme coin space. SHIB enthusiasts have been eagerly waiting for another leg-up towards the moon.
SHIB is now back in talks amongst traders in the space. As the platform sees imperative talks which could help the network rise over hurdles. That includes a mention by the project lead over incoming good news for the week. In addition, to its growing adoption around the spectrum.
Is SHIB’s Woof Now Meek?
Enthusiasts from the SHIB community are eagerly waiting for a bullish move by the doge-killer. However, the price trajectories of the meme coin have been bland in recent times. Crypto proponent enlightens that SHIB has grown 55,200,000% over the past 1-year. From $0.000000000001 to $0.00004 as of press time.
The makers of the sensational meme coin have cautioned investors over fake giveaway scams on social media platforms. An exciting news for the SHIB community comes from the project lead of the protocol. The project lead hints at incoming good news for the SHIB army this week. Speculations are now running rife, amidst the quote.
Consecutively, enthusiasts have been speculating the possibility of a burn event. A major upgrade to the protocol amongst others. According to sources, a SHIB whale has bought the dip valuing $36 million worth of tokens. In addition, the SHIB community has one of the finest and active community, with the official Twitter handle having over 2-million followers.
Will SHIB Pounce Back On The Charts?
The digital coin at press time is trading at $0.0000422 with gains being negative by 5.9%. While the market cap is at $23,297,472,405. The trade volumes for the last 24-hours is at $1,624,754,344. The digital asset has been moving along the range of $0.00004194 and $0.00004493 for the past 24-hours.
The meme coin needs to make a move towards the north, as a plunge could take the price to support levels around $0.000039. As the price of the coin is currently hovering around its immediate support. Support from the bulls could help the price surge to its resistance levels around $0.000044 to $0.000045.
Collectively, SHIB has been witnessing steady institutional adoptions and acceptance amongst fellow digital currencies, which is praiseworthy for the network. The protocol is also witnessing big money flowing in despite the odds. Hopefully, the aforementioned factors along with the growing adoption will help the meme coin gulp yet another zero by the end of the year.
The post appeared first on Coinpedia
