Shiba Inu Price Prediction: SHIB Plunges 4% As This Dogecoin Derivative Offers Last Chance To Buy Ahead Of DOGE Day Launch

The
Shiba
Inu
price
dropped
by
2%
in
the
last
24
hours
to
trade
at

$0.00002745
as
of
6:15
a.m.
EST
on
trading
volume
that
plunged15%
to
$526.3
million.

Despite
its
24-hour
price
trading
in
the
red,
SHIB
is
up
by
over
2%
weekly.
The
popular
dog-based
meme
coin
has
seen
its
price
go
up
between
April
5
and
10,
which
was
a
period
when
the
wider
market
saw
a
surge.

Right
now,
however,
the
market
is
correcting,
and
the
SHIB
price
is
following.
However,
that
doesn’t
mean
that
SHIB
did
not
see
important
developments
of
its
own.
For
example,
it
was
recently
reported
that
the
project
was
listed
on
Nexo,
which
comes
as
a
significant
boon
for
Shiba
Inu
holders.

.@Shibtoken‘s

$SHIB
is
live
on
Nexo.

????
Buy
with
card
in
seconds
????
Free
Ethereum
top-ups
↔️
Swap
with
rewards
✨
Borrow
against

$SHIB
????
Send
to
a
friend
via
phone
number
or
email

Get
started:

https://t.co/ERBaYKYR2S

Not
available
in
the
U.K.
All
investments
carry
a
degree
of…

pic.twitter.com/s6EqyPdH6p

—
Nexo
(@Nexo)

April
5,
2024

Nexo
is
a
premier
international
crypto
exchange,
so
the
listing
will
make
SHIB
more
accessible
while
exposing
it
to
Nexo
users,
who
will
also
get
a
wide
array
of
new
features
for
managing
their
SHIB
assets.

Nexo
recently
introduced
a
new
option
for
leveraging
SHIB
as
collateral
to
borrow
different
assets,
granting
it
greater
financial
flexibility.

Shiba
Inu
Price
Prediction

Following
Shiba
Inu’s
recent
price
drop,
meme
coin
traders
expect
to
see
the
SHIB
price
rise
again,
as
sharp
drops
often
see
recoveries
follow,
as
the
prices
bounce
back
up.
While
it
is
not
easy
to
say
anything
for
certain,
technical
indicators
can
often
give
hints
regarding
what
is
going
to
happen
to
the
price
next.

For
example,
right
now,
Shiba
Inu’s
Relative
Strength
Index
(RSI)
value
appears
to
be
climbing
after
sinking
to
the
oversold
zone
yesterday.
In
fact,
the
buy
pressure
has
allowed
the
RSI
score
to
return
to
a
neutral
zone
at
around
50
as
of
the
time
of
writing.

This
suggests
that
traders
have
started
accumulating
SHIB
once
again,
likely
using
the
price
drop
as
an
opportunity
to
buy
the
meme
coin
while
its
value
is
down.

At
the
same
time,
Shiba
Inu
has
seen
a
significant
widening
of
its
Bollinger
bands,
which
suddenly
narrowed
yesterday.
With
the
wider
bands
acting
as
a
bullish
signal,
this
could
be
an
indicator
of
an
upcoming
recovery,
especially
when
paired
with
the
recovering
RSI
value.

Of
course,
this
is
not
a
guarantee
that
SHIB
will
see
a
full
recovery,
as
right
now,
the
token
has
to
breach
a
resistance
level
at
$0.000028,
which
is
preventing
it
from
going
back
up.
But,
if
the
wider
market
sees
another
bullish
wave,
SHIB
could
easily
rise
to
breach
this
level.

For
the
moment,
the
meme
coin’s
price
seems
to
follow
the
dominant
coins
in
the
crypto
industry,
which
dictate
the
behavior
of
a
wider
market.

Promising
Alternatives
to
Shiba
Inu

While
SHIB
is
one
of
the
most
popular
dog-themed
meme
coins
around,
and
has
been
for
years
now,
a
new
token
emerging
on
Ethereum’s
network
might
soon
take
the
spotlight
from
both
Shiba
Inu
and
the
original
Dogecoin.

Known
as

Dogecoin20
(DOGE20),
the
new
meme
coin
is
one
of
the
most
popular
dog-based
cryptos
around
right
now,
with
its
presale
managing
to
raise
over
$10
million
in
less
than
two
weeks.

The
huge
demand
has
prompted
its
developer
to
extend
the
sale
for
a
limited
time.

Right
now,
the
token
is
awaiting
its
first
listing,
which
is
scheduled
to
take
place
on
April
20,
also
known
as
International
DOGE
Day.
Being
listed
on
this
day
is
expected
to
be
beneficial
for
DOGE20
trading,
as
the
hype
around
it
is
likely
to
boost
demand.

Discover
the
simplicity
of
managing
your

#DOGE20
wallet!
????

Bid
farewell
to
complex
wallet
setups
and
token
management
woes.
????

Thanks
to
its

#Ethereum
foundation,
$DOGE20
brings
added
flexibility,
seamlessly
integrating
with
your
ERC-20
tokens.
????#Memecoins

#Altcoins

pic.twitter.com/yrGkktderm

—
Dogecoin20
(@DOGE_COIN20)

March
24,
2024

DOGE20
is
available
in
exchange
for
ETH,
USDT,
or
BNB,
but
it
can
also
be
purchased
with
fiat
currencies
through
a
credit
or
debit
card.

With
less
than
10
days
until
listing,
now
is
the
best
time
to
buy
DOGE20,
not
least
because
the
extension
of
its
presale
could
end
at
any
moment.

Visit
DOGE20
presale
here.

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