Shiba Inu Price Prediction: Shytoshi Kusama Comments On Kraken’s SHIB Futures Collateral As Analysts Say This Is The Best Crypto To Buy Now

The
Shiba
Inu
price
dropped
by
a
fraction
of
a
percentage
in
the
last
24
hours

to
trade
at
$0.00001401

as
of
03:45
a.m.
EST
on
trading
volume
that
dropped
4%
to
$196
million.

This
comes
as
a
prominent
Shiba
Inu
lead
developer,
famous
under
the
pseudonym
Shytoshi
Kusama,
addressed
the
meme
coin
community
on
X
as
he
celebrates
the
SHIB
token’s
new
exposure
on
Kraken.

????

https://t.co/h2ujVqxAu7

—
Shytoshi
Kusama™
(@ShytoshiKusama)

August
29,
2024

Kusama
shared
a
tweet
published
by
Kraken,
which
says
that
SHIB
has
been
added
as
new
collateral
for
futures
traded
on
Kraken
Pro.

According
to
the
tweet,
SHIB
can
now
be
used
to
access
more
than
200
perpetual
futures
contracts
on
Kraken.

Shiba
Inu
Price
Ready
For
A
Bullish
Reversal

According
to
GeckoTerminal
data,
the
Shiba
Inu
price
has
been
on
a
downtrend
since
Aug.
25,
when
the
bears
took
control
of
the
price
at
$0.00001601.
SHIB
then
found
support
around
$0.00001350,
and
the
price
of
Shiba
Inu
soared
back
to
the
$0.00001449
resistance,
forming
a
rounding
bottom
pattern.

However,
the
Shiba
Inu
price
invalidated
the
pattern’s
bullish
prospects,
diving
back
to
the
$0.00001392
support.
SHIB
seems
to
be
rebounding
from
this
level,
which
could
complete
a
cup
and
handle
pattern
and
exert
some
bullish
pressure
on
the
meme
coin’s
price.

The
price
of
SHIB
now
trades
slightly
above
the
50
Simple
Moving
Average
(SMA)
on
the
1-hour
chart,
affirming
the
current
bullish
stance.
If
this
rally
continues,
SHIB
could
continue
soaring
and
breach
the
200
SMA
at
$0.00001450,
which
is
now
acting
as
the
immediate
resistance.

Additionally,
the
Relative
Strength
Index
(RSI)
seems
to
be
rebounding
from
the
neutral
zone
as
it
climbs
back
to
the
50-midline
level,
which
shows
that
buying
pressure
is
building
up
at
this
level.

According
to
the
Shiba
Inu
1-hour
chart
analysis,
SHIB
is
gearing
up
for
a
bullish
rally,
as
the
bulls
target
$0.0000150.

However,
if
the
bears
gain
control
of
the
price
at
this
level,
the
price
of
Shiba
Inu
could
plunge
back
to
$0.00001350.

Meanwhile,
many
Shiba
Inu
lovers
are
shifting
to
another
worthy
alternative
by
the
name
of

Shiba
Shootout
(SHIBASHOOT).

According
to
the
crypto
channel
99Bitcoins,
with
more
than
705K
subscribers,
investors
who
buy
SHIBASHOOT
stand
to
earn
“insane
rewards.“

Shiba
Shootout
Presale
Blasts
Past
$1.05
Million,
Best
Alternative
To
Buy
Now?

Shiba
Shootout
isn’t
cooling
its
peacemaker
barrel
anytime
soon,
as
its
presale
hits
the
bullseye
with
$1.05
million
raised
and
counting.

With
fundraising
efforts
running
for
just
over
a
month,
this
new
meme
coin
project
has
the
momentum
to
attract
a
few
million
dollars
more
as
the
presale
continues
to
sizzle.

The
project
goes
beyond
the
conventional
limits
of
meme
coins,
taking
the
holder
on
a
captivating
adventure
filled
with
creativity,
strategic
gameplay,
and
the
allure
of
a
cowboy’s
high-stakes
showdown.

Master

#Crypto
strategy
with

#Shiba
cowboys
in
thrilling
duels
for
big
rewards!
????
Join
the
adventure!

Sign
up
now
to
get
your
free
$SHIBASHOOT
tokens!

Jump
in
the
fun!
????

https://t.co/jCeu7XMBqR

pic.twitter.com/YjlGaaluBT

—
shibashootout
(@shibashootout)

June
28,
2024

The
game
is
built
around
the
town
of
Shiba
Gulch,
a
bustling
digital
settlement
that
is
a
favorite
with
Shiba
lovers
who
come
together
to
challenge
each
other.

Apart
from
P2E
crypto
gaming
in
Shiba
Gulch,
SHIBASHOOT
holders
can
also
earn
passively
through
the
platform’s
staking
mechanism,
which
offers
893%
in
annual
rewards.

If
you
don’t
want
to
miss
this
presale,
you
can
buy
the
token
for
$0.02.
However,
you
might
want
to
hurry,
because
the
meme
coin’s
price
will
increase
in
less
than
three
days.

You
can
buy
SHIBASHOOT
tokens
on
the
official
website
here
using
ETH,
BNB,
USDT,
or
a
bank
card.

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