What Binance Just Stated About Shiba Inu Coin & Shib Will Hit $0.75!

WHAT BINANCE JUST STATED ABOUT SHIBA INU COIN
& WHEN SHIB WILL HIT $0.75! The Shiba Inu coin, launched less than a year
ago and named after another dog breed, is a ERC-20 only token that trades as SHIB. According
to the SHIBA INU website, SHIB champions itself as the “Dogecoin Killer” and will be listed
on their own ShibaSwap, a decentralized exchange. For now, SHIB may be a “meme coin” and
have little to no underlying value or use cases. But experts say that its popularity
should not be ignored since it reflects the behaviors of a new, growing class of cryptocurrency
traders. All these positive comments and explanation
is stated by binance on their website. After Shiba Inu listing on Binance, thousands of
people are trading SHIBA INU on Binance. So, today we are going to talk all about why
and when SHIB will hit $0.75 after these positive comments from binance.
So watch this video till the end because today’s video is going to be a bomb. Welcome to Shiba
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Before we get to our topic, let’s take a look at the chart and see what the price of
SHIBA is doing on 30th of July, shall we? Shiba Inu price action has been uneventful
despite the recent crypto market rally led by Bitcoin. SHIB continues to consolidate
as it moves sideways, and an indecisive technical pattern has emerged. The altcoin is now in
danger of a significant move to the downside as it falters and slices below a major support
level. Shiba Inu price in danger of significant decline
Shiba Inu price has presented a symmetrical triangle pattern on the 12-hour chart, suggesting
that SHIB will continue to move sideways.

The lower highs and higher lows recorded by
SHIB create two major trend lines that connect at the apex, forming a symmetrical triangle
chart pattern. Although the prevailing chart pattern suggests
that the altcoin is indecisive, Shiba Inu price is now at the precipice of further decline,
as SHIB sliced below the critical lower trend line that forms the bottom of the triangle.
The measured move of the governing technical pattern suggests that the canine-themed token
is susceptible to a 19% plunge, as the bears eye a target of $0.00000501.
However, only a close below $0.00000617, the diagonal support trend line, could suggest
that the bearish SHIB forecast is in the offing.

Shiba Inu price could attempt to recover support
at the demand barrier that extends from $0.00000551 to $0.00000590, before plunging to the aforementioned
target given by the chart pattern. Should Shiba Inu price manage to close above
the lower boundary of the triangle, SHIB would still see tough challenges ahead. The 20-day
Simple Moving Average continues to act as stiff resistance for the dog-themed token.
Even if the buying pressure were to see a spike, SHIB would be met with another strong
obstacle as the 78.6% Fibonacci retracement level at $0.00000654 acts as the next hurdle
for Shiba Inu price. Should buyers manage to lift prices higher
against the overpowering distribution of the sellers, SHIB bulls could target the upper
boundary of the triangle at $0.00000682 to effect the reversal of fortune. Only a close
above this level could introduce bigger aspirations for Shiba Inu price.
Now let’s get back to the topic. Shiba has the potential to be a millionaire-maker
after listing on major exchanges like Binance and development of SHIBA SWAP, considering
the significant growth that the cryptocurrency is predicted to experience over the next couple
of years.

The DOGE killer, Shiba Inu, is the new trending
cryptocurrency in the market currently. With a Shiba Inu dog as its logo, this meme cryptocurrency
is following the path of Dogecoin, aiming to be the best alternative for the same.
Being the latest to hit the market, SHIB is garnering immense attention and is emerging
as a favored choice of investors, particularly in the wake of a market drop in cryptos like
Bitcoin and Ethereum. With its rising popularity, investors are curious to know whether Shiba
Inu could be a millionaire-maker coin. Before we talk about Shiba's potential as
an investment, let's take a look at what Shiba is, the factors that could make it a stellar
investment. Is Shiba A Millionaire Maker Investment?
Soon after hitting its record high, the Shiba token overtook both Dogecoin and SafeMoon
to become the most viewed cryptocurrency on CoinMarketCap. Its recently released whitepaper
is humorously titled the “Woof Paper” and outlines that the token looked much like
Dr.

Strangelove’s Doomsday Machine. Despite its casual themes, the meme SHIBA
coin has garnered considerable community support from investors and traders who acknowledge
it as a millionaire-maker investment. Further, the creators of SHIB have major goals with
the project and are currently working on making an NFT network based on the Shiba Inu Network.
The Shiba Inu token was created by the anonymous creator known as Ryoshi, in August 2020. Just
after the developers finished minting one quadrillion tokens, they decided to do the
most unexpected thing, which helped SHIB garner much popularity.
Soon after the minting, they locked up 50% of all the SHIB tokens on Uniswap and threw
away the key.

Further, the remaining 50% was gifted to the Ethereum creator Vitalik Buterin.
However, along with reducing its token supply, this unpredicted decision also fueled up the
popularity of SHIB worldwide. Now let's take a look at some factors that
might drive SHIB to be the next millionaire-maker coin in the market.
Factors That Drive Shiba Inu Token to Be a Millionaire-Maker Coin
The Shiba token has rapidly become an investor-favorite across the globe in a brief period. Let see
some of the factors that back up the prediction that the Shiba Inu token can be the next millionaire-maker
coin. Increasing Interest from Chinese Investors
China has always been a hotbed for cryptocurrency trading and mining. One significant reason
for the uptrend of Shiba tokens is that several renowned Chinese investors are interested
in this meme cryptocurrency. Different Chinese influencers and crypto enthusiasts are promoting
the SHIB token on various platforms, fueling its price in the market.
Additionally, one of the most popular exchanges among Chinese traders, the Chinese-founded
exchange Binance and Huobi is handling the largest share of SHIB’s trading volume over
the past few days, propelling its rise. The Dogecoin Killer at a Cheaper Rate
The people behind SHIB refer to it as the Dogecoin Killer.

The primary reason behind
this is that the price of a single SHIB token remains under a penny and can still outpace
Dogecoin’s price growth. SHIB trades at a cheaper value, and it allows its holders
to own billions and trillions of tokens. Reduced Token Supply The Shiba Inu token gained much traction in
the market recently as the news came out that Vitalik Buterin, one of the co-founders of
Ethereum, has decided to burn 40% of all the Shiba Inu tokens he had received earlier.
This will eventually drive up the prices through demand.
He had burned all the 40% of SHIB token supply by sending a total of 410 trillion SHIB to
an unusable and inaccessible wallet, effectively removing the coins from circulation forever.
The token has a supply limit of 1 quadrillion, of which 394.796 trillion SHIB coins are already
in circulation. With the drastic change in the supply, there
are bound to be significant changes in the coin price, driving it to be the next millionaire-maker
coin.

Some of the key factors that analysts believe
will prevent Shiba Inu from reaching these price levels include its bulky size and the
apparent lack of intrinsic value. They also believe for a token that pegs its price action
on community acceptance and hype, Shiba Inu has failed to attract enough social media
hype or celebrity endorsements to thrust it towards $0.75.
That’s all for today. Also, we would like to mention that this is
not a channel intended specifically to provide financial advice, and we do not ask you to
invest in any company. This is merely a channel directed towards bringing educational content
to your doorsteps. With that in mind, before you invest in anything, we recommend you do
thorough wide-spectrum research on the topic.

We hope you liked this video. Let us know
in the comments below if you are a Shiba holder, and make sure to subscribe and give us a thumbs
up! See you next time at Shiba Inu Coin! Bye….

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