SHIBA INU COIN Update, According to Cathie wood, the Shiba Inu coin will be worth one dollar, are you wondering if the crypto market’s bearish outlook presents the ideal

opportunity to buy Shiba Inu coin or are you one of the thousands of people who are unsure if Sheba Inu coin is a safe investment or

Holding a long-time Shiba Inu coin is dangerous?

today we’ll discuss what CATHIE Woods said about crypto and Shiba Inu coin and why it will reach one dollar so stay

tuned until the end because today’s article is going to be amazing

Hi there it’s Anuj  before we get started on our topic

Shiba Inu coin latest Price?


let’s take a look at the chart to see how the price of Shiba was on august 3rd, the Shiba Inu is looking to build on the 31st of July’s upswing from near the 590 millionths of a

dollar support area on the 1st of august the recent rally in the so-called dogecoin killer was fueled by iTero the world’s leading investment platform

listing Shiba Inu in response to rising demand from traders while encouraging developments around cryptocurrency adoption and

institutional demand bode well for Shiba price on the daily chart, the Shiba price has taken out the falling trend line resistance at 635 millionths of a dollar

though a daily closing above that level is required to confirm a three-week-old falling wedge breakout even if the wedge is validated on the

upside the ship bulls will need to find a strong foothold above the descending twenty-one die despite the ongoing uptrend the next bullish target for Shiba Inu price

is aligned at the 50 DMA at 736 millionth of a dollar Shiba bulls remain cautious as the 14-day relative strength index

RSI remains below the 50.0 thresholds if the falling wedge breakout fails to materialize Shiba sellers may reclaim control pushing the rate back to the

590 millionth of a dollar range lows should the downside pressure gain traction the falling trend line support at 459 millionths of a dollar could be

activated now let’s return to our main topic of the day

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miss woods arc next-generation exchange-traded fund snapped up more than

one million shares of a publicly-traded bitcoin fund as bitcoin’s price briefly fell below thirty thousand dollars for the first time since the start of the

year meanwhile her flagship arc innovation ETF purchased approximately 214.000 shares of cryptocurrency exchange

coinbase global inc, miss wood one of the cryptocurrencies most bullish fund managers publicly shares her trades at the end of

each session she’s predicted that bitcoin will eventually reach a value of half a million dollars and the cryptocurrency is the seventh-largest holding in her next generation

exchange-traded fund while most traditional wall street fund managers have largely avoided volatile cryptocurrencies such as Sheba

miss wood’s bold approach to investing is exemplified by this bet miss wood has become one of the organization’s most visible supporters

her bitcoin price prediction is based on institutions and businesses allocating up to five percent of their cash to the

cryptocurrency but companies are still a long way from widespread adoption of bitcoin and other cryptocurrencies square incorporated in MicroStrategy

incorporated are two companies that have crypto allocations,

SHIBA INU COIN Update, Holding a long-time Shiba Inu coin is dangerous?


so if all of that happens the Shiba Inu will reach one dollar before you invest in any digital currency it’s critical that you understand how to buy and secure its

tokens because exchanges are vulnerable to hackers most investors invest in cold or hot storage wallets to keep their tokens

away from the cold storage where your coins are not connected to the internet is the best place to keep them especially if you’re in it for the long haul

the Shiba token is unique in that it has its own decentralized exchange because it is a non-custodial platform where tokens do not come into contact

with other coins, it is less of a target for hackers than other centralized exchanges that house multiple digital currencies

in this case, these types of exchanges are more secure than the latter and in addition to security you can trade your Shiba tokens directly

with other ERC 20 tokens from this exchange the Sheba e new wolf paper also known as the white paper and there

Shiba promotional campaigns aren’t as focused on going above one dollar as they are on outperforming dogecoin in fact

the official Shiba Inu website describes Shiba as an erc20 only token that can stay well under a penny and still outperform dogecoin in a short

amount of time hence the nick many online projects and developments are growing as a result of their supporter’s hype

even others schemes platforms that do not offer much in terms of changing people’s lives for the better are growing as a result of their

supporters hype with people now able to communicate freely and easily through the same social media platforms there will inevitably be a lot of not so

useful things whose value will rise the Shiba token is one of the most popular cryptocurrencies its mean theme has gained popularity and

social media users are currently experiencing a meme revolution in the last few years, memes have been a source of information

and entertainment with almost every major occurrence in the world is related which means dogecoin has already launched several online campaigns

albeit unsuspectingly this implies that if Shiba Inu is to beat doge especially in terms of per token price it must set its target higher than one dollar

however, given that there are currently only 135 billion doge coins and one quadrillion Shiba Inu tokens is a one dollar valuation of Shiba tokens actually feasible

the crypto community is divided on whether Shiba Inu’s ability to reach one dollar is realistic to reach one dollar the Shiba Inu’s value would have to increase

by 11.5 million percent this translates to a monthly growth rate of more than 1.6 million percent for the next seven months if it hopes to reach

parity with the dollar by the end of the year or a monthly growth rate of more than two hundred ten thousand percent for the next four

and a half years if it hopes to reach one dollar by December 2025. after going over these numbers crypto market experts

and investors are confident that the Shiba Inu will not reach one dollar this year or anytime soon while Sheba investors

and crypto market analysts are bullish on the coin’s short-term price action they are bearish on its long-term price action and especially not convinced that

the Shiba token will reach one dollar this year or anytime soon that’s it for now


Disclaimer: Please keep in mind that this isn’t financial advice we take no responsibility for any loss or damage caused by your actions or inactions

as a result of reading any of our articles you acknowledge that you use the information we provide at your own risk,

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