Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu bulls are making a fierce attempt to guard the much-watched $0.000010 level, which, if lost, might put SHIB at risk of adding an extra zero to its price.
Shiba Inu has stably held the $0.00001 level since Dec. 20, after temporarily dropping to lows of $0.0000095. Even so, bears failed in an attempt to pull prices below this level, even during the Dec. 26 market flash crash.
Given that Shiba Inu has sustained above $0.00001 for 10 straight days, it appears that bulls are intent on flipping this level into support, which, if achieved, could present further upside gains for Shiba Inu.
While bulls are currently seeking to conquer this level, the next gargantuan hurdle awaits: a 553 trillion SHIB barrier that, if overcome, could cause the SHIB price to more than double.
According to on-chain data from IntoTheBlock, Shiba Inu is currently closing in on a gigantic barrier, not far from where it currently trades.
Tomiwabold OlajideThis is where 553.72 trillion SHIBs were bought by 317,800 addresses at a minimum price of $0.000011. These addresses bought the said quantity of SHIB at an average price of $0.000017 and a maximum price of $0.000027. This implies that the SHIB price would have to increase to the specified price range of $0.000011 to $0.000027 for these holders to break even on their positions.
At the time of writing, SHIB was down 1.98% in the last 24 hours to $0.0000104.
SHIB most traded on WazirX; LEASH new listing
Indian crypto exchange WazirX recently released its 2023 year-end report. The top-performing coin by volume is BTC, followed by SHIB.
Shiba Inu ranks among the most traded coins on the platform, alongside BTC, XRP, ETH, TRX and MATIC.
Crypto platform PointPay has announced the successful completion of the LEASH listing, allowing users to trade and hold the Shiba Inu ecosystem token LEASH.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin