Shiba Inu Price Prediction: SHIB Plummets 6% After WazirX Hack As Experts Say This P2E Alternative Might Be The Best Meme Coin To Buy Now

The
Shiba
Inu
price
plunged
6%
in
the
last
24
hours
to
trade
for
$0.00001752
as
of
01:15
a.m.
EST
on
trading
volume
that
skyrocketed
254%.

The
dump
came
amid
much
FUD
(fear,
uncertainty,
and
doubt)
after
the
WazirX
hack
on
July
18.

The
hack,
which
blockchain
security
firm
Elliptic
attributed
to
the
infamous
North
Korean
Lazarus
Group,
saw
hackers
steal
200
different
crypto
assets
worth
$235
million.

About
$100
million
of
the
losses
were
Shiba
Inu
(SHIB),
with
Ethereum
(ETH),
Polygon
(MATIC),
and
PEPE
(PEPE)
also
stolen.

????
Update:
We’re
aware
that
one
of
our
multisig
wallets
has
experienced
a
security
breach.
Our
team
is
actively
investigating
the
incident.
To
ensure
the
safety
of
your
assets,
INR
and
crypto
withdrawals
will
be
temporarily
paused.
Thank
you
for
your
patience
and
understanding.…

—
WazirX:
India
Ka
Bitcoin
Exchange
(@WazirXIndia)

July
18,
2024

The
development
spooked
investors
given
the
loot
constituted
over
45%
of
the
exchange’s
reserve
holdings.
In
a
June
report,
WazirX
exchange
revealed
that
it

holds
$500M
worth
of
crypto as
part
of
its
proof
of
reserves.

Shiba
Inu
Price
Prediction

The
Shiba
Inu
price
is
trading
with
a
bearish
bias
from
a
big-picture
perspective,
consolidating
within
a
falling
parallel
channel.
Having
slipped
below
the
support
at
$0.00001823,
the
downtrend
could
extend
as
bullish
momentum
continues
to
fall.

Looking
at
the
Relative
Strength
Index
(RSI),
which
is
below
the
mean
level
of
50
and
southbound,
momentum
is
falling.
Similarly,
the
Moving
Average
Convergence
Divergence
(MACD)
is
also
in
negative
territory.

With
this,
the
downside
potential
remains
alive
for
the
Shiba
Inu
price,
and
it
could
test
the
$0.00001440
support
level.
In
a
dire
case,
the
downtrend
could
extrapolate
to
the
$0.00001286
support.

Traders
looking
to
take
short
positions
on
the
Shiba
Inu
price
should
wait
for
a
lower
low
relative
to
the
bottom
of
the
Thursday
session
of
$0.00001564.
The
MACD
histogram
bars
are
also
paling,
showing
bullish
sentiment
is
fading,
accentuating
the
odds
for
further
downside.

GeckoTerminal:
SHIB/USD
1-day
chart

Conversely,
if
bulls
recover,
the
Shiba
Inu
price
could
climb,
with
a
candlestick
close
above
$0.00002002,
making
SHIB
attractive
to
buy.
In
a
highly
bullish
case,
the
gains
could
extrapolate
for
the
Shiba
Inu
price
to
test
the
$0.00002377
threshold
or
higher,
reaching
the
$0.00002970
level.

Traders
looking
to
take
new
long
positions
on
the
Shiba
Inu
price
should
consider
waiting
for
the
RSI
to
make
a
stable
restoration
above
the
mean
level
of
50.

With
SHIB
trading
with
a
bearish
bias,
traders
might
consider
rotating
into
the
Shiba
Shootout
(SHIBASHOOT)
presale,
which
has
raised
$696k
in
short
order.

The
99Bitcoins
YouTube
channel,
with
more
than
705k
subscribers,
says
Shiba
Shootout
”is
offering
insane
rewards.”

Promising
Alternative
To
Shiba
Inu

SHIBASHOOT
is
the
powering
token
for
the

Shiba
Shootout
project,
which
offers
a
play-to-earn
game
involving
shootouts
in
the
crypto
Wild
West
town
of
Shiba
Gulch.

The
P2E
game
offers
dueling
players
the
opportunity
to
clash
in
high-stakes
battles.
Creativity,
wit,
and
a
touch
of
cowboy
charm
will
be
your
armor
as
you
journey
the
legend
of
the
”Shiba
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
Shiba
Shootout
game
has
a
basic
mobile
version
already
available
on

Google
Play and
the Apple
App
Store.
But
Shiba
Sharpshooter
will
soon
receive
a
huge
Web3
update
that
allows
users
to
earn
its
utility-packed
native
token,
$SHIBASHOOT.

Buyers
can
also
participate
in
the
refer-a-friend
scheme
to
earn
bonus
tokens,
while
those
who
sign
up
on
the
website
will
receive
some
free
$SHIBASHOOT
tokens.

Buyers
can
stake
their
tokens
for
an
annual
return
of
1,451%.

YouTube
crypto
expert
Michael
Wrubel
recently
told
his
312,000
subscribers
that
he’d
found
”the
next
100x
Shiba
Inu.”
He
believes
that
Shiba
Inu’s
brand
power
in
crypto
could
help
SHIBASHOOT
reach
stratospheric
valuations.

The
SHIBASHOOT
project
is
available
for
purchase
for
just
$0.0196.
With
that
price
only
available
for
a
little
less
than
five
days,
buy
soon
to
secure
the
best
deal.

Visit
and
buy
Shiba
Shootout
here.

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