{"id":7101,"date":"2023-10-30T13:08:17","date_gmt":"2023-10-30T13:08:17","guid":{"rendered":"https:\/\/zoominfinancial.com\/markets\/crypto\/shiba-inu-price-prediction-as-whales-hold-0-000008-level-where-is-shib-heading-next\/"},"modified":"2023-10-30T13:08:20","modified_gmt":"2023-10-30T13:08:20","slug":"shiba-inu-price-prediction-as-whales-hold-0-000008-level-where-is-shib-heading-next","status":"publish","type":"post","link":"https:\/\/zoominfinancial.com\/?p=7101","title":{"rendered":"Shiba Inu Price Prediction as Whales Hold $0.000008 Level \u2013\u00a0Where is SHIB Heading Next?"},"content":{"rendered":"<div>\n<figure id=\"attachment_123000\" aria-describedby=\"caption-attachment-123000\" style=\"width: 1792px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-123000\" class=\"wp-caption-text\">Source: Dall\u2022E 3<\/figcaption><\/figure>\n<p>The Shiba Inu price has remained flat in the past 24 hours, keeping to the $0.00000803 level as the wider market rises by 1.5% today.<\/p>\n<p>This puts SHIB at a 10% gain in the past week and a 13% rise in the last 14 days, although the meme token is actually down by 1% since the beginning of the year.<\/p>\n<p>This decline since January stands in contrast to the performance of many other major tokens, with the likes of BTC, ETH, XRP and SOL all rising substantially since 2023 began.<\/p>\n<p>However, a positive interpretation of SHIB\u2019s underperformance is that it sets the altcoin up nicely for some above-average gains in the near future.\n<\/p>\n<h2>Shiba Inu Price Prediction as Whales Hold $0.000008 Level \u2013\u00a0Where is SHIB Heading Next?<\/h2>\n<p>\nGiven that the Shiba Inu price has had a good week or so, its technicals continue to look promising.<\/p>\n<p>Most notably its RSI (purple) remains close to 70, signalling some very good buying pressure that doesn\u2019t look like it will be ending soon.<\/p>\n<figure id=\"attachment_122942\" aria-describedby=\"caption-attachment-122942\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-122942\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>The coin\u2019s 30-day average (yellow) is also rising steadily towards its 200-day (blue), another sign of increasing momentum.<\/p>\n<p>Yet the shorter term average is still below its longer term counterpart, meaning that SHIB can continue rising before it becomes overbought.<\/p>\n<p>Perhaps the over most positive sign is SHIB\u2019s 24-hour trading volume.<\/p>\n<p>This has risen from around $50 million a few weeks ago to $400 million last week, with the current volume still at a healthy $150 million.<\/p>\n<p>Such high levels indicate strong interest in SHIB, with the token still the most widely held ERC-20 coin among whales.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 \ud83d\udea8  4,560,030,677,374 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/SHIB?src=hash&amp;ref_src=twsrc%5Etfw\">#SHIB<\/a> (31,756,053 USD) transferred from unknown wallet to unknown wallethttps:\/\/t.co\/bYhXtSlX0s<\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/whale_alert\/status\/1715293638047965478?ref_src=twsrc%5Etfw\">October 20, 2023<\/a><\/p>\n<\/blockquote>\n<p>SHIB has also witnessed a few large transfers in the past few weeks, which again also suggest growing interest in accumulating the token.<\/p>\n<p>However, critics may suggest it\u2019s concerning that, even among a Bitcoin ETF-fueled market-wide rally, SHIB is still down over the year to date.<\/p>\n<p>Some may argue that this signals a coin suffering from a long-term decline, yet SHIB has stronger fundamentals than most other meme tokens.<\/p>\n<p>It has seen the launch of Shibarium in the past few months, with the layer-two network enjoying rising transactions in recent weeks.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">There has certainly been an uptick of Daily Transactions on <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/shibarium?src=hash&amp;ref_src=twsrc%5Etfw\">#shibarium<\/a> \ud83d\ude80\ud83d\udd25\ud83d\udcb0 <a rel=\"nofollow\" href=\"https:\/\/t.co\/fh8dX3gTRC\">pic.twitter.com\/fh8dX3gTRC<\/a><\/p>\n<p>\u2014 Crypto Invest \ud83d\ude80\ud83d\udd25\ud83d\udcb0 (@Crypto040622) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Crypto040622\/status\/1717501808304587007?ref_src=twsrc%5Etfw\">October 26, 2023<\/a><\/p>\n<\/blockquote>\n<p>It also continues to look forward to the launch of SHIB: The Metaverse, an event which would likely send SHIB soaring.<\/p>\n<p>As such, the Shiba Inu price is likely to return to $0.0000090 in the next couple of weeks and end the year at around $0.0000150.\n<\/p>\n<h2><strong>New Meme Tokens For Big Rallies<\/strong><\/h2>\n<p>\nBecause SHIB remains in an uncertain position, many traders may opt to invest in other alts right now, with the market enjoying a healthy supply of promising new coins.<\/p>\n<p>This includes promising new presale tokens, which can often rally big when listing on exchanges.<\/p>\n<p>It\u2019s possible that something like this will happen with Meme Kombat (MK), an ERC-20 cryptocurrency that has raised more than $870,000 in its presale.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">New week. New possibilities. <\/p>\n<p>Gonna be a big one for Meme Kombat as we approach $900k in presale\ud83d\udcaa <a rel=\"nofollow\" href=\"https:\/\/t.co\/IrItVNW1Fu\">pic.twitter.com\/IrItVNW1Fu<\/a><\/p>\n<p>\u2014 Meme Kombat (@Meme_Kombat) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Meme_Kombat\/status\/1718932027335188667?ref_src=twsrc%5Etfw\">October 30, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<p>While its name would suggest that it\u2019s little more than just another meme coin, Meme Kombat is actually an interesting and highly novel betting platform.<\/p>\n<p>In particular, it will enable users to bet on AI-generated battles between popular meme characters, with users able to bet against each other or against the platform itself.<\/p>\n<p>Winners will receive rewards in the native MK token, which can also be staked in order to earn a passive income.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We have reached 3000 fighters in the Meme Kombat Telegram Community\ud83c\udf89<\/p>\n<p>Let&#8217;s keep the community strong. Answer with the one thing that excites you most about <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/MemeKombat?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeKombat<\/a>\u23ec <a rel=\"nofollow\" href=\"https:\/\/t.co\/HU3S002kni\">pic.twitter.com\/HU3S002kni<\/a><\/p>\n<p>\u2014 Meme Kombat (@Meme_Kombat) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Meme_Kombat\/status\/1717077784403550451?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<p>This unique setup has enabled Meme Kombat to attract a large amount of funding in a short space of time, while it has also grown its Telegram channel to more than 3,000 members.\n<\/p>\n<h2>How to Enter the MK Presale<\/h2>\n<p>\nThis all suggests that the MK token could rally big once it lists on exchanges, with investors able to buy some early by visiting the\u00a0Meme Kombat\u2019s official website.<\/p>\n<p>1 MK token currently costs $0.1667, with the cryptocurrency having a hard cap of 120 million.<\/p>\n<p><noscript><\/p>\n<div class=\"embed-container\"><iframe loading=\"lazy\" title=\"Meme Kombat Token Raises $650,000 - Next Pepe Coin or Wall Street Memes?!\" width=\"1140\" height=\"641\" src=\"https:\/\/www.youtube.com\/embed\/e-dQyuqwOGg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<p><\/noscript><\/p>\n<p>The presale has an allocation of 50% of this overall supply, with another 30% going to staking and battle rewards.<\/p>\n<p>This makes MK a highly decentralized token, and when joined with Meme Kombat\u2019s innovative betting platform, it could rally big once it lists in the next few weeks.<\/p>\n<p><strong>Visit Meme Kombat Now<\/strong><\/p>\n<p><i><sup>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<p>\u00a0<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/shiba-inu-price-prediction-as-whales-hold-0-000008-level-where-is-shib-heading-next.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Dall\u2022E 3 The Shiba Inu price has remained flat in the past 24 hours, keeping to the $0.00000803 level as the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-7101","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu Price Prediction as Whales Hold $0.000008 Level \u2013\u00a0Where is SHIB Heading Next? 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