• Shiba Inu (SHIB) was launched on the Ethereum blockchain and Binance Smart Chain (BSC).
• SHIB is working on launching its new Defi project, Shibarium Financial Ecosystem (SHIBFE), with its own stablecoin project, SHI.
• SHIB price prediction 2023 is bullish, with a potential to reach $0.00001597 to $0.00002560, or bearish at $0.00000731.
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) was launched on the Ethereum blockchain and also resides on the Binance Smart Chain (BSC). This popular memecoin was developed and launched in 2020 by a pseudonymous founder Ryoshi.Shiba Inu exists as a potential contender to the largest memecoin, Dogecoin (DOGE) and thus, it is called the DOGE killer. The network is working on launching its new Defi project, Shibarium Financial Ecosystem (SHIBFE). SHIBFE is followed by the launch of its native stablecoin project, SHI which is an “algo-stablecoin” pegged to a dollar.
Shiba Inu Current Market Status
Current Price: $0.00001249
24 – Hour Trading Volume: $362,485,480
24 – Hour Price Change: 2% down
Circulating Supply: 589,366,681,447,736
All – Time High: $0.00008616 (on Oct 28th 2021)
Shiba Inu Price Prediction 2023
The chart of Shiba Inu laid out a Descending Triangle pattern which indicates that if the price action breaches the lower support level then it would be sustained in a bearish trend with resistance levels at 0.00001322 – 0.00001536 and support level at 0.00001200 .
Support & Resistance Levels
There are Support & Resistance levels for Shiba Inu ranging from 0 – 0.00014649 . They are as follows : Support Levels : 0 – 0.00007695 | Resistance Levels : 0 – 0.00014649
In conclusion , Shiba Inu’s price prediction for 2023 suggests that it will have both bullish and bearish trends , depending upon various factors such as market sentiment , supply & demand dynamics etc . To get more accurate predictions , investors should monitor current market conditions regularly and make informed decisions based on their research .