SHIB persists to make whole lot of strides through the Q1 of 2022. During January, Shib sustained a positive tendency, growing 39 percent in its total value. In the past 7 days, Shib has likewise shown an upward resistance tendency. Could SHIB outdo its all-time high? Let’s find out more in this SHIB price prediction.
SHIB Fundamental Analysis
Shiba Inu (SHIB) is a trending digital currency that people are talking about because it has evolved a trending Meme Coin. The meme cryptocurrency has gained traction since October 28th, 2021. Its price hit an record-breaking peak of $0.000084, a substantial increase of 150,000,000 percent from when it 1st launched in August 2020.
The SHIB TOKEN has grown fast and even overtaken the pioneering trending Meme Coin coin, Dogecoin (DOGE), in terms of value. Nonetheless, there is the worry that the rapid growth of Shiba Inu (SHIB) value could mean that it will soon go down in value.
Shib doesn’t have any actual use other than for speculation and making transactions, which establish fear between investors about whether to invest in the coin.
Are Ledger and Atomic Wallets Boosting SHIB Price?
Ledger and Atomic recently announced they would support the following $SHIB blockchain tech (Shibarium) upon its launch. The ledger will offer hardware storage for numerous digital currencies, including $ Shiba Inu (SHIB), while Atomic Wallet, a multi- investment software wallet, will allow users to store, manage, and exchange numerous cryptocurrencies.
JUST IN: Ledger & Atomic Wallet will support the $SHIB blockchain tech “Shibarium” when it launches!
— Shiba Archives (@ShibaArchives) January 29, 2023
In addition, Ledger and Atomic Wallets boost the accessibility and adoption of the $SHIB blockchain tech by supplying convenient and secure options for users to manage their $SHIB crypto tokens. This is excellent news for the $SHIB community.
SHIBA Eternity Revenue Report
The SHIB game “SHIBA Eternity” has proven to be a hit between players since its launch in November. It has attracted numerous players and is generating substantial revenue, with millions of dollars earned by players.
The official & exclusive #ShibaEternity Players Guide will be released November Second, on Día de los Muertos. This substantial 1000+ page booklet details Shib’s CCG game, original lore and incredible art! Stay tuned #ShibArmy!
Game download links pinned to our @Shibtoken profile. pic.twitter.com/DejZTplJuu
— Shib (@Shibtoken) November 1, 2022
The game is available for download on two trending platforms, the Google Play Store for Android users and the Apple App Store for iOS users, making it easily accessible to numerous players.
Can SHIB Hit It’s All-Time- High?
In the previous analysis, Shib was trading over the 200-day moving average and heading toward the $0.00001505 resistance level.
The price of Shiba Inu is $0.000014233263 at the time of publication, with a 24-hour volume of trading of $1,317,443,767. This represents a 14.67 percent price boost in the last 24 hours
In the previous 7 days, Shiba Inu has seen a surge of 21.04 percent in its value, outpacing the overall digital currency market’s growth of 4.50%. In addition, it has outperformed other digital currencies in the Ethereum (ETH) ecological system, which have only grown by 4.90%.
SHIB/USD Daily Chart
Reports by the chart over, the price of Shiba Inu (SHIB) has maintained a positive uptrend and could accomplish its record-breaking peak. Shib is trading past the resistance level. Nonetheless, to confirm the actual breakout, the price must retest the resistance level again.
The RSI indicator is likewise company, currently worth 83 over the 50-level mark. This signifies a strong positive tendency move in the long run.
The whole market is over the 200-day moving average, meaning that bulls are unbeatable. Q1 of 2023 will be very profitable for Shib investors.
SHIB Price Forecast
Investing in SHIB is a favorable decision in the year, as all fundamental and technical analysis signifies a positive upward tendency in its value. According to our prediction, the SHIB crypto token is expected to reach a price of $0.00001850 by mid the Second quarter of 2023.
This represents a whole lot of growth opportunity and makes investing in SHIB a worthwhile consideration. Before making any financing decisions, it is always advisable to conduct research and seek professional advice.