Summary:
The price of Shiba Inu (SHIB) has been relatively stagnant in recent weeks. Despite initial challenges with Shibarium, a layer-2 scaling solution, it has been successfully restored. PricePredictions.com forecasts that SHIB will trade at $0.0000073 on September 30, 2023, indicating a 7.5% decline compared to the current price. Technical analysis shows that SHIB has a support level at $0.00000744 and a resistance level at $0.00000857. SHIB currently holds the 15th rank in terms of market capitalization, with $4.6 billion. Mihailo Bjelic, co-founder of Polygon, has invited the Shiba Inu community to utilize Polygon’s technology to strengthen the blockchain ecosystem. However, it’s important to note that this information is not investment advice and investing always carries risks.
Key Points:
– Shiba Inu’s price has remained stable in the cryptocurrency market recently.
– Shibarium, a layer-2 scaling solution, faced initial challenges but has been fully restored.
– PricePredictions.com forecasts that SHIB will decline by 7.5% and trade at $0.0000073 on September 30, 2023.
– SHIB has a support level at $0.00000744 and a resistance level at $0.00000857.
– SHIB currently holds the 15th rank in terms of market capitalization, with $4.6 billion.
Hot Take:
While the price of Shiba Inu has not experienced significant growth recently, the relaunch of Shibarium and the support from Polygon indicate potential for future development. However, it’s crucial to remember that investing in cryptocurrencies always carries risks and should be approached with caution.
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