![]() ![]() Original meme cryptocurrency Dogecoin is higher by 10.78 at 0.0977 over the past week. Currency in GBP Add to watchlist 0.00000829 -0.00000018 (-2.16) As of 07:27AM UTC. Ethereum-blockchain-based Shiba Inu is higher by 27.00 at 0.00001503 over the trailing week. That could just be what catapults the coin to the elusive USD 1 milestone. 33,808.96 +22.36(+0.07) Bitcoin GBP 21,985.03 -479.81(-2.14) Shiba Inu GBP (SHIB-GBP) CCC - CoinMarketCap. If it sees even a sliver of the same success that other trading platforms for the decentralized finance ( DeFi) market are experiencing, the SHIB coin as the native cryptocurrency for the DEX stands to benefit. Shiba Inu is building a new decentralized exchange (DEX) to compete with the likes of Uniswap and Sushiswap. The good news is that despite the recent pullback in sympathy with the broader crypto market sell-off, the Shiba Inu price appears to have rebounded from its recent bottom. Analysts are reportedly predicting that the Shiba Inu price could grow twofold now that crypto investors have licked their wounds from the latest broader market sell-off.įor the patient investor, analysts are also eyeing the USD 1 level for the Shiba Inu price but when it will reach that threshold exactly is anybody’s guess. It’s not just investors that are optimistic, however. The Shiba Inu community is not surprisingly bullish on the cryptocurrency, targeting the USD 1 threshold as the latest target. In addition Binance, the largest cryptocurrency exchange, recently added support for SHIB, which hasn’t hurt. ![]() ![]() Bullishness coming from investors resulted in the transaction volume rising by almost four times. Elon Musk has become enamored with Dogecoin and thrust the Doge-themed coins into the spotlight after a recent appearance on Saturday Night Live. Key Insights: The broader market recovery also triggered Shiba Inu’s staggering 21.19 rally. SHIB fancies itself as a Dogecoin killer, but it doesn’t seem to have a problem capitalizing on the popularity of its larger rival Dogecoin. Shiba Inu launched last August and is named after the Japanese dog breed that was popularized in the cryptocurrency community for being the mascot of Dogecoin. ![]()
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