SHIB Price Analysis April 2022

SHIB is a token of the Shiba Inu platform. Based on the writing, its current price is around $0.00002573, with the lowest point being $0.00000026, and it has a total market cap of 14.1 billion dollars.

What is Shiba Inu?

The Shiba Inu has been a popular meme token for quite some time now. The Shiba Inu blockchain, called SHIB, is decentralized and runs on peer-to-peer networks. SHIB has been up thousands of times.

The Shiba Inu ecosystem also includes ShibaSwap, which is a decentralized cryptocurrency trading platform that allows you to trade SHIB, LEASH and other cryptocurrencies through the safe environment it provides.

What is SHIB?

SHIB is the token of the Shiba Inu platform, which has an approximate price of $0.00002573 but has been as low as $0.00000026. Its current ranking is #15 according to CoinMarketCap, with a market cap of 14.1 billion dollars.

SHIB reached a high of $0.00008845, with a low of $0.00000026. SHIB is very speculative, and it’s better to invest in projects focused on utility instead. It might also be too late to be investing in SHIB.

SHIB Coin Market Analysis 

SHIB has a supply of infinite coins worth around $0.00002573 with a market volume of 491 million dollars, whereas the market capitalization is 14.1 billion dollars at writing. 

SHIB Price Prediction

The listing on Robinhood may have contributed to the recent surge in price, but they also believe that it will correct at some point.

On the 1D timeframe, the price action of $SHIB/USDT was trading in a downtrend and formed out the Bullish Harmonic Bat pattern, where the price action is currently consolidating at the Potential Reversal zone level.

Shib Price Movements
SHIB Price Movements
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Pratyaksh
Pratyaksh

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