Shiba Inu Investors Cross Fingers on Trading Platform Speculation

Shiba Inu investors are crossing their fingers and paws in hopes that they will get some good news today that could bolster the languishing price of the meme coin.

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Online brokerage eToro announced it is adding a wave of new crypto assets to its platform, which has set off a frenzy of speculation on social media. Chief among the speculation has been the idea that Shiba Inu coin will be on the list when it is revealed today.

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SHIB is trading in the red with the broader cryptocurrency market today and was down by a double-digit percentage, though it has since trimmed its losses to 7% in the last 24-hour period.

To be clear, eToro has not weighed in on the specific crypto assets in the pipeline, only to say that it is “adding a new batch of coins on Monday.” The company also asked its followers for guesses, in response to which they received more than 7,000 replies. The Shiba Inu crowd took that as an invitation, perhaps hoping that their expectation will become a self-fulfilling prophecy.

We’re adding a new batch of coins on Monday. Drop your guesses in the replies.

Social Media Speculation
Getting added to a trading platform like eToro would add to the liquidity of the SHIB coin and also raise its profile. In addition to crypto assets, eToro also supports stocks, which widens its reach.

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eToro already supports roughly two dozen crypto assets, including meme coin Dogecoin, whose mascot Doge served as the inspiration for the Shiba Inu cryptocurrency. The two meme coins have since become rivals, as Shiba Inu fancies itself as the “Doge Killer.” When eToro announced its support for DOGE, it said to investors, “You barked and we heard you.”

To the Moon
Shiba Inu’s larger rival Dogecoin is also under pressure today. Billionaire tech entrepreneur Mark Cuban is a fan of DOGE, which is accepted as a payment method for the NBA team he owns, the Dallas Mavericks. Cuban previously speculated that the Dogecoin price will “definitely hit USD 1” if the team could sell 6,556,000,000 DOGE in team merchandise.

DOGE is currently trading at about USD 0.22. He reportedly believes DOGE can be a good investment but urges investors to “know why” they’re investing rather than just “getting lost in the hype.”

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Not to be outdone, Shiba Inu investors similarly have an ambitious target of USD 1 on their favorite cryptocurrency, which is currently trading for less than a penny. They are further speculating that SHIB will eventually make its way onto popular cryptocurrency exchange Coinbase, though at this point that is all it is — pure speculation. And all the speculating in the world is doing nothing to lift the SHIB price out of the doldrums today.

SHIB Let Down
As fate would have it, the eToro team decided on three other crypto assets to add to their platform, leaving Shiba Inu investors kicking their heels — for now. The crypto assets they are adding include the following altcoins:

Algorand (ALGO)
Polygon (MATIC)
Basic Attention Token (BAT)

Asian Wrap 21 June

Ethereum Price Prediction: ETH presents buy signal, targeting $2,500
Ethereum price was held by the $2,000 support level after a steep correction. As long as this demand barrier holds, ETH could rebound to $2,500. The Tom DeMark Sequential indicator adds credence to the bullish outlook.

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Shiba Inu price stagnant unless it breaks this crucial resistance barrier
Shiba Inu price continues consolidating within a descending parallel channel. The mem-coin is currently stuck within two critical price points. A candlestick close outside of the $0.0000086-$0.000005 range will determine where SHIB is heading next.

MATIC price primed for prompt recovery, Polygon bulls target $2.40
MATIC price seems bound for a bullish impulse. After dropping by more than 25% in the past five days, Polygon presents a buy signal. A spike in buying pressure could see this cryptocurrency rise to $1.45 or $1.60.

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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.

สล็อตออนไลน์

Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

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Shiba Inu price stagnant unless it breaks this crucial resistance barrier
Shiba Inu price continues consolidating within a descending parallel channel. The mem-coin is currently stuck within two critical price points. A candlestick close outside of the $0.0000086-$0.000005 range will determine where SHIB is heading next.

MATIC price primed for prompt recovery, Polygon bulls target $2.40
MATIC price seems bound for a bullish impulse. After dropping by more than 25% in the past five days, Polygon presents a buy signal. A spike in buying pressure could see this cryptocurrency rise to $1.45 or $1.60

Wrap 20 June

While Bitcoin did not make much recovery post the Jun 18 dip, some other altcoins struggled to do the same. XRP lost about 5.2% of its price as well as 5.3% of its market capitalization in the last 24 hours. SHIB made some major gains on June 16 thanks to the news of its Coinbase listing, before it was delayed.

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XRP:-

Source: XRP/USD – TradingView

Recovery has been slow for some coins, worse for some others like XRP. June 16 dip had already flipped support level into resistance and the early morning trade only dropped the coin further below. Trading at $0.757, XRP could be seen inching closer towards bedrock $0.697. Awesome Oscillator displayed dominating bearish momentum at the time of writing.

The purple indicator of Relative Strength Index (RSI) fell into the oversold zone earlier in the day. A small uptick at press time displayed the indicator rising out of the bearish territory in the coming hours. Parabolic SAR also indicated an active downtrend since the white dotted line appeared above the candlesticks.

For now, if XRP trades in green going forward, it could consolidate above $0.73 and prevent any further downfall.

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Cardano [ADA]:-

Source: ADA/USD – TradingView

Cardano continued to be volatile as it had been for the last 2 weeks grazing and bouncing off the resistance and support levels. ADA once again ricocheted off the $1.37 support level to trade at $1.43 at press time. MACD indicator displayed the blue indicator line and the red signal line moving closely in the bearish neutral zone.

A minor divergence could be observed on the Bollinger Bands with the price indicator weighing towards the lower band. The basis (middle red line) continued to act as resistance as it has been since June 17. Capital inflows pushed Chaikin Money Flow indicator closer to the 0 mark in the bearish neutral region.

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Based on the indicators, a correction phase could pull up ADA, however, critical support is placed at $1.31

Shiba Inu [ SHIB ]:-

Source: SHIB/USD – TradingView

Between June 16 & 18, SHIB fell by almost 22% and brought the coin back closer to its $0.00000659. AT the time of writing, the coin made some gains and reached up to trade at $0.00000770. SHIB will continue its movement consolidated under the $0.00001011 resistance level as it has since the end of May.

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While 50 SMA ( Simple Moving Averages) line [orange] acted bullish, being under the candlesticks, the 100 SMA (red) line was aligned to the price indicator. Squeeze Momentum Indicator displayed receding bullish pressure at press time. The Relative Strength Index (RSI) indicator was aligned exactly to the neutral line at 50.0

Since indicators do not present a clear direction, expect the coin to swing either way going forward.

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Aaryamann is a full-time journalist at AMBCrypto. He is a recent journalism graduate, currently investing his time in the crypto-space. He has a keen interest in DeFi, the ever-expanding possibilities of blockchain technology, as well as the political impact they would have.

Why Shiba Inu coin saw its value rise so much this week

The Shiba Inu cryptocurrency has risen recently because of a new announcement that will make it available to more potential investors.

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Shib coin rises after Coinbase lift
Coinbase announced Tuesday that it will add the Shiba Inu coin to Coinbase Pro beginning this week, which allows people to buy the meme-bases cryptocurrency which has been seen as a rival to Dogecoin, according to Bitcoin News.

“Coinbase added SHIB little more than a month after that coin’s creation, in marked contrast to its addition of Dogecoin, which seemed to take DOGE years,” according to CoinDesk.com.
RELATED

Why Shib coin might have reached its peak
Why Shib coin might have reached its peak
People were supposed to start trading their Shiba Inu tokens on Coinbase Pro beginning on Thursday. However, technical issues held people from trading immediately, according to Investor Place.

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“We are experiencing technical issues that will temporarily delay the launch of SHIB on Coinbase Pro,” the company said on Twitter. “At this time we are disabling deposits of SHIB; withdrawals are still available. We will provide an updated timeline for restoring deposits & enabling trading as soon as possible.”
What cryptos spiked because of Coinbase?
Shiba inu coin wasn’t the only cryptocurrency to spike. Other cryptos such as Chiliz and Keep Network spiked after being added to Coinbase, too, according to CoinDesk.com.

RELATED

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What will happen to Shiba Inu coin by 2025?
How Shib coin impacted the Shiba Inu dog breed
Just a reminder — Coinbase Pro is different than Coinbase. They’re two different apps. However, Coinbase users can sign into their accounts on Coinbase Pro, according to Yahoo News.

Did Shiba Inu already peak?
There has been some speculation that the Shiba Inu coin has already reached its peak. Santiment, a cryptocurrency analytics firm, said the hype for the coin had died down a bit, which is why it hasn’t seen a huge rise in value recently.

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“When a coin appears in emerging trends list, especially in top 3, it’s often a sign of a price top. Because it indicates a sort of a peak social hype. Price can hardly sustain its rally without increasing hype (or social volume),” according to Santiment.
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Recovery has been slow for some coins, worse for some others like XRP. June 16 dip had already flipped support level into resistance and the early morning trade only dropped the coin further below. Trading at $0.757, XRP could be seen inching closer towards bedrock $0.697. Awesome Oscillator displayed dominating bearish momentum at the time of writing.

The purple indicator of Relative Strength Index (RSI) fell into the oversold zone earlier in the day. A small uptick at press time displayed the indicator rising out of the bearish territory in the coming hours. Parabolic SAR also indicated an active downtrend since the white dotted line appeared above the candlesticks.

For now, if XRP trades in green going forward, it could consolidate above $0.73 and prevent any further downfall.

Shiba Inu price stagnant unless it breaks this crucial resistance barrier

Shiba Inu price continues consolidating within a descending parallel channel.
The mem-coin is currently stuck within two critical price points.
A candlestick close outside of the $0.0000086-$0.000005 range will determine where SHIB is heading next.
Shiba Inu price has not provided a clear signal for the direction of its trend. Still, SHIB may present an opportunity to profit very soon.

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Shiba Inu stuck between support and resistance
Shiba Inu posted massive gains in early May, rising by a whopping 2,093%. The meme-coin went from trading at a low of $0.0000018 and surged to a new all-time high of nearly $0.000040 on May 10.

A wave of profit-taking hit SHIB after the peak, pushing its market value down by more than 86%. Although prices have stabilized after the sell-off, Shina Inu has entered a stagnation period.

SHIB has been contained within a descending parallel channel since May 19. Each time Shiba Inu price has risen to the channel’s upper boundary since then, a rejection occurs that pushes it to the lower edge. From this point, it tends to rebound.

If this price action repeats, the rebound from the middle support trendline might be significant enough to push Shiba Inu price to the channel’s upper boundary at $0.0000086 before it faces another rejection or finally breaks out.

SHIB/USDt 6-hour chart

SHIB/USDt 6-hour chart

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While a rejection from the $0.0000086 resistance level could lead to a downswing to $0.0000065, a break of this supply barrier may result in massive gains. By drawing a parallel trendline equal to the channel’s width, the consolidation pattern forecasts a 42% upside target.

If validated, Shiba Inu price might rise to $0.0000123 upon the $0.0000086 resistance level break.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.

Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

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If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

European Wrap 5 July

Ethereum Weekly Forecast: Social media giants give away ETH-based NFTs as bulls set stage for $3,000
Ethereum price seems to have hit a local top for its recent slow but steady uptrend. A minor retracement into a demand zone is likely and necessary for the upswing that the bulls have been waiting for.

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ETH/USDT 1-day chart

XLM Price Prediction: Stellar kick-starts a 12% descent
XLM price has been trying to slice through a critical resistance level over five times in the past ten days but has failed to do so. The recent pullback is a result of rejection at the same barrier.

XLM/USDT 4-hour chart

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

สล็อต

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.

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All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

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Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

slot

You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.

Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside

Shiba Inu price broke an essential trendline during the Asian session this morning.
Overall, major cryptocurrencies like Bitcoin and Ethereum are in negative territory on Monday.

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A redip to $0.000008 would present the right buying opportunity for SHIB.
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

Shiba Inu bulls prepare to buy the dip
Over the weekend, the cryptocurrency was very much in the green across the board. Higher cap tokens were leading the way, with Bitcoin up almost 5%. But during the Asian session on Monday morning, profit-taking took over. Sentiment turned sour and made other cryptocurrencies like Shiba Inu dip lower.

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The spike in profit-taking this morning saw Shiba Inu price drop from $0.00000895, erasing almost all the profits made since Saturday morning. Although SHIB had a bounce off the black ascending trend line toward $0.00000878 over the weekend, this support level got broken and prices dipped lower toward $0.00000837, where it started Saturday morning.

Shiba Inu price managed to stay above that level for now. But the question is, “For how long?”. With the top cryptocurrencies not pairing their losses, a false breakout looks like it is in the making.

Next to that, the general sentiment in the markets this morning was not positive. With the US markets closed for the holiday, US equity futures are all in the red this morning. With low volume, no natural recovery is expected today.

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SHIB can thus still go another leg lower with buyers on the sidelines. On the downside, we already discussed $0.00000837, which matches the 61.8% Fibonacci level. A test of the 78.6% level would be interesting as this is where buyers stepped in on Friday night.

SHIB/USD 4-hour chart

SHIB/USD 4-hour chart

To the upside, a retest of the 23.6% Fibonacci level at $0.00000873 would be proof that more upside is yet to come.

jumboslot

Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

slot

You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.

Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside

Shiba Inu price broke an essential trendline during the Asian session this morning.
Overall, major cryptocurrencies like Bitcoin and Ethereum are in negative territory on Monday.
A redip to $0.000008 would present the right buying opportunity for SHIB.
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

jumbo jili

Shiba Inu bulls prepare to buy the dip
Over the weekend, the cryptocurrency was very much in the green across the board. Higher cap tokens were leading the way, with Bitcoin up almost 5%. But during the Asian session on Monday morning, profit-taking took over. Sentiment turned sour and made other cryptocurrencies like Shiba Inu dip lower.

The spike in profit-taking this morning saw Shiba Inu price drop from $0.00000895, erasing almost all the profits made since Saturday morning. Although SHIB had a bounce off the black ascending trend line toward $0.00000878 over the weekend, this support level got broken and prices dipped lower toward $0.00000837, where it started Saturday morning.

Shiba Inu price managed to stay above that level for now. But the question is, “For how long?”. With the top cryptocurrencies not pairing their losses, a false breakout looks like it is in the making.

Next to that, the general sentiment in the markets this morning was not positive. With the US markets closed for the holiday, US equity futures are all in the red this morning. With low volume, no natural recovery is expected today.

สล็อต

SHIB can thus still go another leg lower with buyers on the sidelines. On the downside, we already discussed $0.00000837, which matches the 61.8% Fibonacci level. A test of the 78.6% level would be interesting as this is where buyers stepped in on Friday night.

SHIB/USD 4-hour chart

SHIB/USD 4-hour chart

To the upside, a retest of the 23.6% Fibonacci level at $0.00000873 would be proof that more upside is yet to come.

Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

สล็อตออนไลน์

the breakout was short-lived, and SHIB has fallen into a consolidation, releasing the overbought conditions on the lower timeframes. If the rookie cryptocurrency can sustain a rally above the declining 50-day SMA, it could rally 33% before striking meaningful resistance.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

jumboslot

You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.

All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

slot

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Wrap 02 July

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Burden of proof still rests on the BTC bulls
Resistance levels under the microscope this week as the cryptocurrency majors stumbled at established barriers.

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Bitcoin price retracted from crucial $35,500 level, Ethereum price stalled at the 50% Fibonacci retracement level at $2,237 and XRP price strength was paralyzed by the 200-day simple moving average (SMA) at $0.733.

The constructive technical developments of last week have not released the momentum to confidently bust through higher resistance levels, putting attempts to disentangle from the recent churn on hold.

VeChain price stuck in tight range, VET will go sideways for the rest of the summer
VeChain price has not been able to go higher after the recovery from $0.04 towards $0.16.

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VET corrected further down and is looking for support from buyers. The area around $0.1 is forming a heavy cap on the possible further upside for Vechain. VeChain price looks to be in a difficult spot with upside potential very limited, but even for sellers, it doesn’t look appealing to go short VET.

Shiba Inu Price Prediction: SHIB investors need their eyes on the prize as 30% rally awaits
Shiba Inu price activated the inverse head-and-shoulders pattern on June 28. Nonetheless,

สล็อตออนไลน์

the breakout was short-lived, and SHIB has fallen into a consolidation, releasing the overbought conditions on the lower timeframes. If the rookie cryptocurrency can sustain a rally above the declining 50-day SMA, it could rally 33% before striking meaningful resistance.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

jumboslot

You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.

All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

slot

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token’s Daily Gains Jump 228%

While dogecoin and the ERC20 token shiba inu have surprised the masses with phenomenal gains this year, another dog token has entered the fray. A coin project called “Baby Doge” has risen 228.3% during the last 24 hours and even more so after Tesla’s CEO Elon Musk tweeted about the crypto asset.

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Another Canine Crypto Coin Sees Its Value Surge
Just when you thought there were plenty of dog meme tokens flooding the market, another canine coin has broken free from the kennel. A new token called baby doge (BABYDOGE) has been the talk of the crypto community the last few days, and Elon Musk decided to tweet about the token on Thursday. Musk’s tweet wasn’t very coherent and he simply said:

Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.

Of course, Musk’s tweet sent the baby doge token skyrocketing as the digital currency has risen 228.3% over the last 24 hours. Seven-day stats against the U.S. dollar show baby doge is up 53% this week, and across the last two weeks the coin has jumped 716.9%.

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Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token’s Daily Gains Jump 228%
Baby doge has a “woof paper,” an audit, and other documentation concerning this coin.
Information about baby doge can be found on the Binance Smart Chain (BSC) token tracker bscscan.com and the crypto asset has a website called babydogecoin.com.

“Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge,” the web portal says. “A new crypto birthed by fans [and] members of the Dogecoin online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds [and] adorableness,” the website adds. Furthermore, the website notes:

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[Baby doge] is Hyper-deflationary with an integrated smart staking system built in to reward you, so more baby doge coins are being automatically added to your wallet each transaction. Simply Love, pet, and watch your baby doge grow.

How Does Baby Doge Compare to the Dogefather and Sibling Shiba Inu?
The dog meme token may be somewhat deflationary by its design as holders of baby doge earn them simply by holding. “Watch the amount of baby doge grow in your wallet as all holders automatically receive a 5% fee from every transaction that happens on the Baby Doge network,” the web portal details.

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However, there is an abundant supply of baby doge as bscscan.com and other coin market cap aggregation sites show there are four hundred twenty quadrillion baby doge. That’s very different from the Bitcoin (BTC) network’s max supply of 21 million.

Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token’s Daily Gains Jump 228%
A chart created by the Baby Doge development team shows the differences between DOGE and SHIB.
The coin trades today for less than a U.S. penny at $0.000000001910 per baby doge. It touched an all-time high (ATH) recently, at $0.000000002014 and it’s only down 5% from the ATH. Similar to the shiba inu (SHIB) coin, it’s got a ways to go before it reaches a U.S. penny in value.

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SHIB, on the other hand, is much closer than baby doge, at $0.00000839 per SHIB token. The circulating supply of SHIB is a lot less too, with only four hundred ninety-seven trillion SHIB in circulation today.

The one thing baby doge (BABY DOGE) has that outshines its father dogecoin (DOGE) and its sibling shiba inu (SHIB) is lower transaction fees. SHIB, for example, is an ERC20 token and is forced to deal with fees associated with Ethereum, while dogecoin costs over 2 DOGE to send as the average transaction fee on Thursday is around $0.491 per transaction.

Transacting with BSC and baby doge gives users fees as low as 1 gwei (an Ethereum gas measurement), or around 0.000000001 BNB. There’s no fee data on the baby doge token, but a transaction should cost less than a U.S. penny.