shiba inu token price predictions | shiba Inu coin Price Prediction Update 2021

Today we are going to talk about Shiba Inu token price predictions, Shiba Inu coin is primed for a 70 rally Shiba token has seen one of the biggest rises in crypto history the immense hype and positivity around

the token towards the beginning of 2021 saw it climb over 2 million percent in just a matter of weeks and those investors that took a chance

on what it was known back then to be a dogecoin killer saw their lives change from just your run-of-the-mill everyday person

to millionaires, this type of exposure is what made Shiba Inu coins so talked about and wanted people from all around

the world started hearing about the gains it could achieve and straight away wanted to be a part of it however of course nothing lasts forever

and it was bound to come down at some point which it did but as of recent, we are seeing a very bullish outlook and that is exactly what

we will be talking about it today so make sure to stick around because we have got some fire information to go over

and of course, get to the real reason why you all clicked on this article, shiba Inu token price predictions?

Shiba Inu token price predictions 2021

Shiba Inu token price predictions
Shiba Inu token price predictions

Shiba Inu price has witnessed a massive expansion after consolidating for roughly two weeks although this rally was exponential it

has more room to move higher investors can expect a short-term consolidation or a minor pullback before she tags its intended target Shiba Inu price

shot up after consolidating around the 0.00000625$ and 0.00000654$ support levels for over two weeks the thirty-three percent climb

tagged the fifty percent Fibonacci retracement level at 0.00000870 but failed to close above it going forward investors can expect two things

  1. A decisive twelve-hour candlestick closes above 0.00000870$ that leads to more gains in the short term future or
  2. A minor pullback to 0.00000759$ followed by a restart of the second run-up either way

market participants need to understand that Shiba Inu price is nowhere near its intended target the sixty-two percent Fibonacci retracement level at 0.00000954$ in the seventy

percent Fibonacci retracement level at 0.0000101$ or two crucial barriers that the bulls have to overcome the most likely candidate that exhausts

the upswing is 0.4010 roughly 18% away from the current position on the other hand a breakdown of the 0.00000759 support level will

indicate a weakness among buyers and open the path for a further downswing.

the next demand barrier at 0.00000727$ is crucial and its breakdown will invalidate the bullish thesis such a move might even trigger a

potential selling pressure that might knock down Shiba Inu price to 0.000005$ with that being said we always need

to look at both scenarios potential up and potential down as the market can be very unpredictable but it is important to note that Shiba token

Read Also: Shiba Inu Coin Price Prediction For DECEMBER 2021

Shiba Inu vs Dogecoin comparison

price is looking very healthy which is definitely great to see after such a dragged out consolidation period a lot of people are wondering what has

sparked this rally in price and the simple answer to that is the general market this increase in price isn’t because of any catalyst or news

yes we received the announcement of Shiba phase 2 however the release of that does not correspond with the price rally as such

we can attribute the amazing growth we are seeing in our portfolios to the general market position as we know bitcoin was the first

cryptocurrency and it leads the market a lot of how its price moves reflect upon the entire market generally as bitcoin goes down the

overall market goes down and when BTC goes up the market also goes up this can be extremely beneficial but also disadvantageous

when bitcoin goes up it’s great we love it however when circumstances happen like recently when prominent figure Elon musk

discontinued bitcoin as a payment method for his electric car company tesla of course this was a negative implication

for the coin and unfortunately led to a broader market crash for a number of months now let’s just pause for a moment and

the seller and the buyer with an aim to challenge the most intelligent minds inspire young ones and breed the opportunity for anyone to succeed

help them flourish and prosper now in terms of their tokenomics

once the cbn token is on pancake swap general sale anyone who purchased tokens during the private and pre-sale rounds will

experience at minimum a double in the original investments this approach will also benefit the long-term holders through

three percent token redistribution basically whenever someone transfers the tokens there will be a six percent fee

three percent will go directly to the holders and three percent to charities worldwide and since CVN has got two platforms from which many transactions

will take place our portfolios will grow significantly over time just by holding plus, they are going to be doing periodic burns over a five-year

period to further incentivize and stabilize the price more than their liquidity will be locked for 100 years once they go on

pancake swap giving the token a lot more credibility and trust for investors now the great thing is we are still in the private round of sale

why the Shiba Inu token originally started rallying the other day?

Reasons Why SHIBA INU PRICE IS GOING UP
Shiba Inu token price predictions

the Shiba community got some great news that added to the crypto

market positive sentiment Shiba developers announced a two-pronged strategy that appears to have set the rally in motion

including the addition of new pairs on decentralized exchange Sheba swap and a coin burn the developers appear to have expanded

their new listings plans to include a coin burn of two major coins in the ecosystem shiba inu and leash includes the addition of two new e-fuel trading pools

on Shiba swap purlin pearl eath and ryoshi Rio eth the addition of these two pools also coincides with a 25 000 coin burn for sheep and a 25 000 coin

burn for leash tokens in response to this news of a coin burn shiba inu investors expressed their excitement about the price rally on

social media channels including Twitter and telegram, however, some were quick to point out that it is just as important to grow the shiba army

which I have to say I very much agree with as the growth of the community is what will strengthen the long-term potential of the project

at the same time, others were calling for larger and more frequent coin burns in order to sustain the rally burning removes the coins from

circulation and keeps a handle on the inflation model in my opinion burning twenty-five thousand dollars of leash is a pretty decent amount since

the supply is pretty low however burning twenty-five thousand dollars of sheep token I don’t think is very much at all and personally believe

it won’t do much as it has such a large supply with that said hopefully these burns aren’t just a one-off and we start to

see more and more of them periodically because that’s what’s going to ultimately push the price up significantly

so I hope you all enjoyed today’s article and found it informative if you did then make sure to smash that

like button.

Thank You

Read Also: Shiba Inu Coin Price Prediction For DECEMBER 2021

Shiba Inu vs Dogecoin comparison

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