![]() This range is critical because it represents the level at which 98,240 addresses purchased a staggering 469.97 trillion SHIB tokens.Īs of writing, Shiba Inu trades at $0.00001105, with a decline of over 1.5% in the last 24 hours. ![]() Moreover, the massive revenue rise for the Shibaswap platform may soon spark fresh surges for the SHIB token.Īccording to IntoTheBlock, a crypto intelligence tracker, Shiba Inu’s next significant resistance lies within the range of $0.000014 to $0.000020. As Shiba Inu aims to accelerate transaction speed with the launch of Shibarium, it seeks to place it at the top of DeFi applications. Shiba Inu has become one of the most talked-about meme coins in 2023, as it has gained over 70% since January. However, despite facing challenges in the past, Shiba Inu and XRP prices are poised for a turnaround as the current market conditions and recent developments signify a potential bullish rally. ![]() Moreover, the possible interest rate hikes hinted at by Jerome Powell have become a price barrier for the altcoin market. In the last few weeks, the crypto market’s high fluctuation rate has left investors anxious and frustrated. Shiba Inu And XRP Aim For A Bullish Future This is because of the excitement surrounding the launch of Shibarium and Ripple’s confidence in winning their legal battle against the SEC, forcing investors to make long-term bets on Shiba Inu and XRP, respectively. Nonetheless, in the midst of this bearish market sentiment, investors have added Shiba Inu and XRP tokens to their portfolios. Unfortunately, the altcoin market has suffered a significant blow due to Silvergate bank’s operational pause, which has left it range-bound. Investors are scrambling to withdraw their funds from the crypto market to avoid potential risks, leading to intense selling pressure.
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