In the world of cryptocurrencies, Shiba Inu (SHIB) has been making noteworthy strides lately. It’s presently trading at $0.000008278, marking a 2.08% increase over the past day and a modest 0.2% rise over the week. Despite its meme origins, SHIB’s market capitalization has grown to an impressive $4.8 billion.
Looking at its recent performance, SHIB appears to have found support around $0.00000762 while facing resistance around $0.000009. These levels provide insights into where the price might be headed.
SHIB 1-day price analysis. Source: Finbold
The recent legal victory of Grayscale Investments against the U.S. Securities and Exchange Commission (SEC) has had a positive impact on the wider cryptocurrency market.
The number of wallet addresses on Shibarium re-opening. Source: Shibarium Scan
With positive developments like the resurgence of Shibarium and the overall market optimism, the SHIB community and investors are eagerly looking ahead to what the future has in store.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
