Posted inCrypto News

Shiba Inu: The Growing Ecosystem! SHIB Price Poised To Flip The Bottom Line!

SHIB Price

The post Shiba Inu: The Growing Ecosystem! SHIB Price Poised To Flip The Bottom Line! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Dogecoin is no more a great challenge for Shiba Inu as it has been flowing with the tide of rising adoption and groundbreaking upgrades. Along with its new ventures, SHIB’s adoption continues at a brisk rate. Eclipsing its milestones in the recent past, the network has managed to carry out year-long limelight right through the year 2021. 

Shiba Inu To Take the World By Storm in 2022!

However, the ephemeral bull cycles have not dissuaded Shib Inu from amassing the interests of the retail and institutional investors. The Shib token has been noble among several prominent altcoin projects and fellow meme-based tokens. With respect to rising in its community, upgrades, and its listing on various other crypto exchanges. 

The report from Shiba Inu news has further lauded the same with its recent post. Notably, the post had a mention of its growing community and accelerated adoption among retailer traders. 

However, the SHIB token is now accessible over 64 crypto exchanges which have further driven the number of token holders well above 1.068 million. 

Progressively, including over 40k retail sites, the shib payment is accepted by over 600 merchants. whilst, the ecosystem is on the verge of launching its custom blockchain SHIBARIUM, it would take the world by storm in 2022.

Bullish Divergence Underway for SHIB Price Action!

The SHIB price has been under the bearish realm over the past two months. However, as the price is back to its initial levels below $0.000028, bullish divergence looks imminent. If the asset breaks out above 20 days MA at $0.00003076, then it would easily surpass 200 days MA to reclaim price levels above $0.00004.

On the other hand, RSI is hovering at the extremely oversold territory that is at its lowest since September. As a whole, the short supercycle might be in the making prior to commencing with 2022. On the contrary, continued sell-orders would drastically pull down the price action to $0.000025

Collectively, the present dip would be a great buy call if we look at its historical price action. Besides, the meme-based project has created milestones in terms of partnerships, payment acceptance, community growth, and more. As the ecosystem intends to bestow further advancements in the coming year, it would take the world by storm. 

Read More | Source

Leave a Reply