{"id":517045,"date":"2023-01-22T03:12:36","date_gmt":"2023-01-22T08:12:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=517045"},"modified":"2023-03-08T07:26:28","modified_gmt":"2023-03-08T07:26:28","slug":"shiba-inu-tallies-20-jump","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-tallies-20-jump\/","title":{"rendered":"Shiba Inu Shows Aggressiveness With 20% Jump In The Weekly\u00a0Charts"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The altcoin market has been following the major cryptocurrencies in their recent rally. Shiba Inu (SHIB) is one of those tokens that maintained a solid performance in the last week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, SHIB is up 19.5% in the weekly timeframe and over 47% in the monthly at the time of writing. This strong growth is fueled by external factors along with the nearing launch of Shibarium, the ecosystem\u2019s upgrade that would bring a list of features for the <\/span><a href=\"https:\/\/twitter.com\/search?q=%23SHIBARMY&amp;src=typeahead_click&amp;f=top\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">ShibArmy<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/what-is-singularitynet\/\" target=\"_blank\" rel=\"noopener \">What Is SingularityNET And Why Is Its AGIX Token Exploding By 116%?<\/a><\/div>\n<h2><strong>Who Let The Dogs Out?\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Shytoshi Kusama, the pseudonymous chief developer of the Shiba Inu meme coin, has been constantly teasing the release of Shibarium since the start of the year. The nearing launch of the upgrade led the price to climb.\u00a0<\/span><\/p>\n<p>As the Shiba Inu community excitedly anticipates the beta release of Shibarium, Kusama is promoting the notion that the release of the Layer 2 scaling solution may be closer than previously believed.<\/p>\n<p>The primary developer for SHIB tweeted a link to the official Shibarium Telegram handle and instructed fellow SHIB developer Trophias to &#8220;open the chat.&#8221;<\/p>\n<p><a href=\"https:\/\/phemex.com\/academy\/what-is-shibarium\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">The Shibarium<\/span><\/a><span style=\"font-weight: 400\"> upgrade would leverage the Ethereum network\u2019s security while scaling Shiba Inu\u2019s ability to handle transactions. This would lower fees significantly while making the network faster and more efficient.\u00a0<\/span><\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-517047 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-64.png?resize=860%2C320\" alt=\"Shiba\" width=\"860\" height=\"320\">Image: TrackShiba.com<\/pre>\n<p><span style=\"font-weight: 400\">It would also offer utility as the upgrade would mean more SHIB tokens burnt. As of January 21st, the total burned SHIB is over 410 trillion, according to SHIB burn tracker, <\/span><a href=\"https:\/\/trackshiba.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">TrackShiba<\/span><\/a><span style=\"font-weight: 400\">. <\/span><\/p>\n<p><span style=\"font-weight: 400\">With the <\/span><a href=\"https:\/\/blog.shibaswap.com\/introduction-to-shibarium\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">beta launch<\/span><\/a><span style=\"font-weight: 400\"> of the network upgrade being used as an introduction to the features Shibarium will have, SHIB is expected to continue to soar in price in the next few days.\u00a0<\/span><\/p>\n<h2><strong>SHIB\u2019s Next Target Should Be This Level<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The token\u2019s current price movement is a result of hitting the $0.00001293 resistance. As of writing, SHIB may be in some short term pain as the resistance proves itself difficult for SHIB bulls. In the coming days, bears might be able to test the token\u2019s current support at $0.00001184.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the bears ever broke through this support, pain in the medium term would be inevitable as bears would have access to the $0.00000968 support which, if broken, would make the token revert to pre-2023 price levels.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors and trades should target the $0.00001293 resistance after consolidating above $0.00001184. This would alleviate any downward pressure on the token, giving SHIB bulls legroom for an explosive upward movement.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/a4lRxnfc\/\" width=\"2047\" height=\"979\"><\/p>\n<div>\n<pre style=\"text-align: center\">SHIB total market cap at $6.6 billion on the weekend chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<\/div>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin-hits-23000\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Hits $23,000 As Crypto Market Cap Revisits $1 Trillion Mark<\/a><\/div>\n<p><span style=\"font-weight: 400\">For now, investors and traders should be focused on consolidating for a continuation of the current rally. With the high correlation of Shiba Inu with Bitcoin, the king coin\u2019s price movement would also cause ripples with SHIB\u2019s price movement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Monitoring how Bitcoin will move should also be done as any movement by BTC would reflect in SHIB\u2019s price.\u00a0<\/span><\/p>\n<p><em>Featured image: Coinpedia<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The altcoin market has been following the major cryptocurrencies in their recent rally. Shiba Inu (SHIB) is one of those tokens that maintained a solid performance in the last week. According to CoinGecko, SHIB is up 19.5% in the weekly timeframe and over 47% in the monthly at the time of writing. This strong growth is fueled by external factors along with the nearing launch of Shibarium, the ecosystem\u2019s upgrade that would bring a list of features for the ShibArmy.\u00a0 Related Reading: What Is SingularityNET And Why Is Its AGIX Token Exploding By 116%? Who Let The Dogs Out?\u00a0 Shytoshi Kusama, the pseudonymous chief developer of the Shiba Inu meme coin, has been constantly teasing the release of Shibarium since the start of the year. The nearing launch of the upgrade led the price to climb.\u00a0 As the Shiba Inu community excitedly anticipates the beta release of Shibarium, Kusama is promoting the notion that the release of the Layer 2 scaling solution may be closer than previously believed. The primary developer for SHIB tweeted a link to the official Shibarium Telegram handle and instructed fellow SHIB developer Trophias to &#8220;open the chat.&#8221; The Shibarium upgrade would leverage the Ethereum network\u2019s security while scaling Shiba Inu\u2019s ability to handle transactions. This would lower fees significantly while making the network faster and more efficient.\u00a0 Image: TrackShiba.com It would also offer utility as the upgrade would mean more SHIB tokens burnt. As of January 21st, the total burned SHIB is over 410 trillion, according to SHIB burn tracker, TrackShiba. With the beta launch of the network upgrade being used as an introduction to the features Shibarium will have, SHIB is expected to continue to soar in price in the next few days.\u00a0 SHIB\u2019s Next Target Should Be This Level The token\u2019s current price movement is a result of hitting the $0.00001293 resistance. As of writing, SHIB may be in some short term pain as the resistance proves itself difficult for SHIB bulls. In the coming days, bears might be able to test the token\u2019s current support at $0.00001184.\u00a0 If the bears ever broke through this support, pain in the medium term would be inevitable as bears would have access to the $0.00000968 support which, if broken, would make the token revert to pre-2023 price levels.\u00a0 Investors and trades should target the $0.00001293 resistance after consolidating above $0.00001184. This would alleviate any downward pressure on the token, giving SHIB bulls legroom for an explosive upward movement.\u00a0 SHIB total market cap at $6.6 billion on the weekend chart | Chart: TradingView.com Related Reading: Bitcoin Hits $23,000 As Crypto Market Cap Revisits $1 Trillion Mark For now, investors and traders should be focused on consolidating for a continuation of the current rally. With the high correlation of Shiba Inu with Bitcoin, the king coin\u2019s price movement would also cause ripples with SHIB\u2019s price movement.\u00a0 Monitoring how Bitcoin will move should also be done as any movement by BTC would reflect in SHIB\u2019s price.\u00a0 Featured image: Coinpedia<\/p>\n","protected":false},"author":557,"featured_media":517049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,3505,83668,83667,87680],"class_list":["post-517045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-price-analysis","tag-shib","tag-shiba-inu","tag-shibarium"],"acf":[],"yoast_head":"\n<title>Shiba Inu Shows Aggressiveness With 20% Jump In The Weekly\u00a0Charts<\/title>\n<meta name=\"description\" content=\"The altcoin market has been following the major cryptocurrencies in their recent rally. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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