The year 2021 has seen the rise of memecoins like Dogecoin and Shiba Inu. The latter was launched to challenge the Dogecoin. The capitalization of SHIB is growing more and more and could exceed that of DOGE in the coming months.
If SHIB slices above $0.00003628, the coin could head towards an ascent of 44%, a target given by the current chart model.
Only if Shiba Inu price breaks above the aforementioned neckline of the prevailing chart pattern, SHIB might target the bullish forecast at $0.00005336.
Additional headwinds may emerge at the December 27 high at $0.00003949 and then at the 127.2% Fibonacci extension level at $0.00004560. If Shiba Inu price breaks above the November 20 high at $0.00005000, SHIB could mark the bullish target at $0.00005336, coinciding with the 161.8% Fibonacci extension level.
Shiba Inu (SHIBA) course: what is the current price?
Here is the live course of the Shiba Inu. See also: Crypto Decentraland (MANA): should you buy MANA? Opinion, analysis and prediction 2022.
Crypto SHIB: our opinion and prediction for 2022
The Shiba Inu can go far by integrating DeFi. This may interest you: Crypto IoTeX (IOTX): Should You Buy IOTX? Opinion, analysis and prediction 2022. The project would therefore combine business with pleasure; or rather the useful as a joke!
Price Volatility Notice
The price of SHIB is still very volatile compared to Dogecoin.
The Shiba Inu came down to attractive prices and has more rebound capacity than Dogecoin.
Long Term SHIB Price Prediction
The Shiba Inu lacks big business or celebrity adoption for the cryptocurrency to once again perform stellarly.
The Shiba Inu is not limited to the meme and it is a good thing. His prominent projects make cryptocurrency remain promising.
Buy Shiba Inu (SHIBA) for trading
To trade this cryptocurrency, the eToro broker is the most suitable. In addition to buying the tokens, this platform allows you to trade short-term crypto CFDs without having to hold the tokens.
Step 1 : use the search bar of the eToro platform to find the cryptocurrency.
2nd step : then click on “Invest” to give the amount of cryptocurrency to buy and validate the transaction.
Buy the Shiba Inu to invest
To invest in this cryptocurrency by holding them in a wallet, go to the Binance platform.
Step 1 : go to the “Buy cryptos” tab then choose the payment method of your choice.
2nd step : select the crypto to buy and proceed to secure payment. Then, the cryptocurrencies will be credited to the dedicated wallet.
Read This article to find out how to buy cryptocurrency on Binance.
Useful resources for investing in the Shiba Inu (SHIBA)
68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money.
The information provided on this website should not be taken as investment advice, financial advice, trading advice or any other kind of advice and nothing on the website should be considered as such. Mirror Mag does not recommend that you buy, sell or hold shares.
Be vigilant and consult your financial adviser before making any investment decision. The display of advertisements and hyperlinks from third parties on Miroir Mag does not in any way imply the approval, guarantee or recommendation of Miroir Mag. Before using any third-party service, you should do your own research. Mirror Mag is likely to receive compensation through affiliate links.