Shiba Inu (SHIB) continues to gain momentum in the cryptocurrency market, with its value rising by 32% in the last 30 days. This surge in price is not only attributed to the overall positive sentiment in the crypto market, but also to several other factors, including the upcoming Shibarium, an innovative Layer-2 scaling solution with unique features.
However, Shiba Inu faces tough competition from new meme coins like PEPE and Shiba Memu (SHMU), which are currently in the pre-sale phase. Let’s take a closer look at what the future holds for SHIB amidst this competition.
At the time of writing, SHIB is trading at $0.00000998 according to CoinGecko. Over the past seven days, SHIB has shown an upward trend of 19%, with a 1% increase at the time of writing. Yesterday, SHIB experienced a significant surge of 5.75%, reaching $0.00001005. This upward trend aligns with a recovery pattern that started two days ago, following a low of $0.0000947.
To fully tap into its upward potential, Shiba Inu needs to surpass the resistance at $0.00001, which is supported by the 200-day moving average (MA) and poses a strong counterforce to SHIB’s upward trend. While SHIB may face some difficulties breaking through the $0.00001 mark and could potentially fall deeper into the range around the 50-day MA, a significant surge above this price level could propel SHIB to new highs in the near future.
Amidst the growing hype around Shiba Inu, the community eagerly awaits the release of Shibarium, a new meme coin with artificial intelligence (AI) called Shiba Memu. Shiba Memu combines the concept of meme coins, which aims to build a strong and passionate community around a common idea, with AI technology. Shiba Memu not only positions itself as a crypto token for entertainment but also as an innovator that offers practical value in the digital space, attracting Shiba Inu whales.
The Shiba Memu community is rapidly growing, and the coin is quickly rising to the top of the meme token market. Its innovative approach to meme coins, combined with the utilization of advanced AI technology, has garnered interest from people worldwide, as seen in its successful token pre-sale, which has raised over $1.7 million in just one month.
Moreover, the price of SHMU has been rising throughout the pre-sale. At the time of writing, one SHMU token is priced at $0.019450 USDT, with the next price increase expected in 6 hours. Those who wish to participate in the Shiba Memu pre-sale can purchase SHMU tokens here.
In summary, Shiba Inu’s value has been on the rise, driven by positive market sentiment and the upcoming Shibarium. However, it faces strong competition from new meme coins like Shiba Memu. The success of SHIB hinges on its ability to overcome the resistance at $0.00001, while Shiba Memu’s innovative approach and utilization of AI technology continue to attract investors and propel its price upwards.
