New Delhi: Started as a joke, the fall of Shiba Inu (SHIB) continues as all major altcoins collapse in the crypto market as well. Shiba has garnered enormous attention and has become one of the preferred choices for investors, but that might not be enough to save him from bear territory.
Shiba Inu is currently trading between very crucial levels and trying to break through the resistance level. If this continues, it can reach much lower levels. The bulls may have gained the upper hand earlier as the prices jumped over 13%, but the bears regained control and pushed the price down 15%.
Its price is currently on a very crucial edge and another drop from here could drive the price towards the lower support levels below $ 0.000006 or even $ 0.00000450. Testing this level will pave the way for testing the support at $ 0.0000055.
However, the community-built hype is responsible for its price action as the launch did not trigger a bullish movement. But one way or another, the DEX is home to $ 1.2 billion in total locked-in value (TVL).
What is the current price?
Right now, SHIB is priced at Rs 0.000485 which means you can buy almost 2,000,000 Shiba coins in just Rs 100. You can buy Shiba Inu as it is expected to increase in the near future.
Will Shiba get up?
It is rare for a newer asset to drop 85% in nine days and immediately rebound with good speed. Over the past 2 months, Shiba Inu has methodically plotted a bullish inverted head-and-shoulders pattern marked by several false patterns and breakouts.
The Dogekiller envisions a gain of nearly 20% by announcing the addition of ETH-USDT, LEASH-BONE and SHIB-BONE pairs to the decentralized exchange ShibaSwap (DEX). The move came after the highly anticipated ShibaSwap DEX launched on July 6.
These pairs essentially allow two forms of cryptocurrency to be traded simultaneously within the Shibaswap system, which can help strengthen lesser-known cryptos while helping others, according to Yahoo! Finance.
What is the price prediction for the Shiba Inu coin?
The price of the Shiba Inu has stagnated recently and is currently trading at $ 0.00000637, which is actually 90% lower than its all-time high.
It also sits between the support and resistance levels at $ 0.0000056 and $ 0.0000096, respectively, while the Average True Range (ATR) has declined, according to Investing Cube.
Market sentiment for Shiba inu
Based on our SHIB price forecast, a long term increase is expected; the price forecast for 2026 is $ 0.0000670. With a 5-year investment, the turnover should be around + 737.5%.Investor Portfolio
Analysts believe that the price of Shiba Inu will increase in the coming years. It is predicted that by the end of 2021, the price could increase to $ 0.0000202, which is double the current price.Changelly
Our data indicates that the asset’s price has reflected a massive bull run over the past year and has huge potential for long-term gains. The future price of the asset is expected to be $ 0.000018 by the end of this year.GOV Capital
The price of the Shiba Inu is expected to reach $ 0.0000121 by the beginning of December 2021. The maximum expected price is $ 0.0000155, the minimum price is $ 0.00000105. The Shiba Inu price forecast for the end of the month is $ 0.0000124.Animal trade
According to the latest news, research and price predictions for Shiba tokens, the coin could exceed $ 0.00001258 by the end of 2021 and by 2025 it could register a new ATH of around $ 0.000040.Digital coin price
Based on our analysis, the results are not very encouraging as bears could be back for SHIB and the price of SHIB could drop to $ 0.00009 in 2022 and present a risk to investors.Reddit community
How to buy Shiba Inu coins in India?
While there is an imminent threat of ban from the government, Indians are actively trading cryptocurrencies.
In India, the Shiba Inu cryto coin is traded on an Indian stock exchange named WazirX.
Shiba Inu tokens are also listed on other platforms like Uniswap and the web version of CoinDCX.
On Uniswap, users can buy and sell cryptocurrencies in exchange for ETH and Ethereum-based tokens.
Uniswap is an Ethereum-based decentralized exchange.
How to buy Shiba Inu
If you are looking to buy Dogecoin or Shiba Inu coins, you can use these apps:
Download the WazirX app and create an account. Before you start investing in Dogecoin, you need to do eKYC and enable 2-factor authentication. You must also add your bank details to add and withdraw money.
Once you have added your bank account and completed the KYC, you can view the list of coins available for trading. Press the Buy button in front of Dogecoin, then enter the amount you want to invest in the Dogecoin. You can make payments directly by wire transfer, credit card, Carr debit card, or UPI.
2. Coin mechanism
CoinSwitch is another remarkable and safe cryptocurrency exchange in India that allows you to buy and trade Dogecoin in India. You need to install the app, register using your phone number, and add your bank account. As the app deals with crypto trading, you also need to do KYC. Once you have added your bank account, you can purchase Dogecoin using Indian currency.