TA- Shiba Inu Struggles, But Could Be Set For A Major Run

The price of the Shiba Inu (SHIB) could be set for a major run as it holds its support against Tether (USDT).  Bitcoin's (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market as the price of Shiba Inu eyes $0.00001700.

Timeline of Shiba-inu

Meme coins were one of the hottest sectors in crypto during 2021. This has led Investors everywhere to look for a new cryptocurrency with potential like Shiba Inu and we've found it.

Meme coins and NFTs are arguably some of the most lucrative cryptocurrencies in the DeFi space. Meme coins usually have decimal values below $1, so little increases in their price lead to positively disproportionate returns for people who hold them.

Shiba Inu has been taking the payments route to provide more utility for the cryptocurrency. Over the past year, numerous brands and merchants have begun to accept the meme coin as a mode of payment, seemingly to leverage the popularity of the coin among investors.

Binance, the world's largest crypto exchange dropped a massive announcement for some cryptocurrencies. The exchange platform has added Shiba Inu and two new tokens to its list of supported cryptocurrencies on Binance Card.

Shiba Inu has come a long way since the days when it was just a meme coin trying to shed its identity in favor of something more utilitarian. The official launch of its decentralized platform called Shibaswap confirmed Shiba Inu's commitment to growth.

This article summarizes everything that has been revealed so far by the Shiba Inu ($SHIB) team about their upcoming card game, which is called “Shiba Eternity”. Here is what Binance Academy says about Shiba Inu: “Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed.

Shiba Inu (SHIB) has been the top choice of the largest Ethereum (ETH) whales for a very long time. Meanwhile, a new entry into the biggest ETH wallets has grabbed the spotlight from the SHIB token.

Speculation is mounting that Shiba Inu founder Ryoshi is behind the new crypto project Dejitaru Tsuka, The Express reported on August 1. The post Is mysterious Shiba Inu founder Ryoshi behind new project Dejitaru Tsuka?

Industries including financial services, audits and even supply chain management could be affected by blockchain technology. The crypto industry is characterized by intense rivalry, which will only intensify as new, potential ventures emerge.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After plunging below the $0.020mark, Shiba Inu [SHIB] expedited its bearish break into a high volatility phase.