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Shiba Inu Price Prediction: SHIB Drops Over 4% – Where is the Next Buy Level?

The second largest meme coin, Shiba Inu (SHIB), is currently trading at $0.000027, with a 24-hour trading volume of $670 million. While recent developments have fueled optimistic Shiba Inu price forecasts, technical indicators suggest the opposite.

Lucie, Head of Marketing at Shibarium, has unveiled an update for Shiba Eternity designed to enhance gameplay and community engagement.

Since its debut, the blockchain version of Shiba Eternity has continued to evolve and now features an abundance of kibble, Shiboshis, new cards, and a breeding system.

These improvements pave the way for Shiba Eternity to move toward an earn-as-you-play model, promising rewards for SHIB by holding Shiboshis.

  • Major upgrades: Enhanced coarse grains and Shiboshis, added new cards, and a breeding system that improves game dynamics.
  • Strategic progress: The upgrade is part of the Shibarium initiative, which aims to transform Shiba Eternity into an earn-as-you-play model that provides rewards for SHIB by holding Shiboshis.

Kibbles were introduced as an in-game currency to facilitate the purchase of items, with a portion of the proceeds earmarked for SHIB token buyback and destruction, which may impact its market value.

Shiba Inu Whale Movements – $19.26 million deal

According to market sources, Whale Wallet acquired 692.4 billion Shiba Inu tokens from Crypto.com, worth more than $19.26 million, causing shock in the community and may indicate a bullish trend or internal transfer.

The transaction, recorded at 3:18 AM (UTC), marks the largest Shiba Inu whale activity this month, involving over $19.26 million worth of tokens. This huge whale trade could signal market confidence, which could influence a positive shift in Shiba Inu price forecasts.

Shiba Inu Price Prediction

Shiba Inu is currently priced at $0.000027 and remains at No. 12 on CoinMarketCap with a market capitalization of $16.2 billion. Technical analysis highlights the key point at $0.000028 and resistance levels at $0.000030 and $0.000031.

Support levels are $0.000027 and $0.000026. Market sentiment is leaning toward bearish territory, but a breakout of the pivot point could hint at bullish potential.

Shiba Inu Price Chart - Source: TradingviewShiba Inu Price Chart - Source: Tradingview
Shiba Inu Price Chart – Source: Tradingview

Conclusion and market outlook:

Currently, the Shiba Inu market trend is bearish, below the $0.000028 level. However, a break above this pivot point could signal a shift to bullish momentum.

Shiba Inu’s community can be found on Reddit, Discord, Telegram and Twitterdiscussion and support for memecoins continues to flourish.

Following the Shiba Inu theme, many dog-themed ICOs have also made headlines.

The latest product in this space is Dogeverse, a multi-chain meme coin that adopts the Shiba Inu aesthetic.

Dogeverse pre-sale surges – the next big meme token phenomenon?

Dogeverse is redefining the meme coin market, launching on multiple blockchains including Ethereum, BNB Smart Chain, Polygon, and soon Solana, Base, and Avalanche, providing unparalleled flexibility and investment opportunities.

Dogeverse has raised over $700,000 in pre-sales, quickly approaching its first round goal of $870,000. The current price is $0.00029 and will rise to $0.000291 in the next phase.

Dogeverse aims to lay the foundation for the multi-chain memecoin trend, combining Doge’s playful spirit with advanced blockchain interoperability. While it’s still in the early stages of a pre-sale, its novel approach may win the attention of whales and large cryptocurrency exchanges looking to list the next big meme token.

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