Shiba

Shiba Inu

Gains

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 <p>Prominent meme coin, Shiba Inu (SHIB), has recently exhibited an upward trend with green candles on its charts. Over the last 10 days of October, the meme coin recorded a notable 16% increase, thanks to the bullish sentiment among investors. Although Shiba Inu has been striving to keep pace with the broader market’s upward momentum, it faces a formidable obstacle in its path. Nevertheless, SHIB’s bullish supporters appear undeterred and seem poised for further gains.</p>
 <p>The recent upswing in SHIB’s performance has captured the attention of <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> investors, particularly those who closely follow meme coins. Now, the key question emerges: will these investors opt to capitalize on their profits early, or will they opt to stay the course, hoping for further gains?</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp" alt class="wp-image-117894" srcset="https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp 1024w, https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp 300w, https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp 768w, https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp 380w, https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp 550w, https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp 800w, https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp 1160w, https://cdn.thebittimes.com/images/2023/11/07/8c010f1d5c608953ad47d73f4d4c49cd.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <h4 class="wp-block-heading" id="h-shiba-inu-mid-november-gains-take-backseat">Shiba Inu: Mid-November Gains Take Backseat</h4>
 <p>As November unfolded, SHIB kicked off on a positive note, trading at $0.000007788 despite experiencing a 2.25% daily drop. It’s worth highlighting that over the preceding 14 days, this meme coin demonstrated an impressive surge of 13%.</p>
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 <p>Analysts from Changelly have offered insights into SHIB’s potential price range for mid-November. Their projections indicate that SHIB may trade within a range of $0.00000694 (at the minimum) to $0.00000839 (at the maximum). This is with an expected average trading price of approximately $0.000007435. The <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> implies that SHIB could potentially face a decline of up to 11% from its current value. However, the return on investment (ROI) for this month is estimated to be 8.6%.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="852" height="790" src="https://cdn.thebittimes.com/images/2023/11/07/1a7627dccb7ddb47ab21ff2ade89d6d8.webp" alt class="wp-image-117891" srcset="https://cdn.thebittimes.com/images/2023/11/07/1a7627dccb7ddb47ab21ff2ade89d6d8.webp 852w, https://cdn.thebittimes.com/images/2023/11/07/1a7627dccb7ddb47ab21ff2ade89d6d8.webp 300w, https://cdn.thebittimes.com/images/2023/11/07/1a7627dccb7ddb47ab21ff2ade89d6d8.webp 768w, https://cdn.thebittimes.com/images/2023/11/07/1a7627dccb7ddb47ab21ff2ade89d6d8.webp 380w, https://cdn.thebittimes.com/images/2023/11/07/1a7627dccb7ddb47ab21ff2ade89d6d8.webp 550w, https://cdn.thebittimes.com/images/2023/11/07/1a7627dccb7ddb47ab21ff2ade89d6d8.webp 800w" sizes="(max-width: 852px) 100vw, 852px">
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 <p><strong>Also Read: Here’s When Shiba Inu Will Surge by 1,800%</strong></p>
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 <h4 class="wp-block-heading" id="h-will-investors-aid-shib-s-uptrend">Will investors aid SHIB’s uptrend?</h4>
 <p>A crucial factor to consider is the behavior of SHIB investors over the past month. Data from the CryptoQuant chart illustrates that SHIB holders have been actively depositing a significant number of tokens into exchanges and trading platforms. This trend commenced on Oct. 7, when the total SHIB Exchange Reserves stood at 168.5 trillion. However, this figure has surged past the 170 trillion mark now. This further indicates that investors had deposited a substantial 2 trillion SHIB tokens into <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> exchanges within the last 25 trading days.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="485" src="https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp" alt class="wp-image-117892" srcset="https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 1024w, https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 300w, https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 768w, https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 1536w, https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 380w, https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 550w, https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 800w, https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 1160w, https://cdn.thebittimes.com/images/2023/11/07/b705c2d3d5315ef35add98623270f4f2.webp 1782w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>During a bull market, an increase in exchange deposits often suggests that many investors are seeking to realize early profits. Therefore, with the current exchange supply of Shiba Inu reaching a two-month peak, the impact of this heightened supply on SHIB’s price in the upcoming days and weeks remains to be seen.</p>
 <p><strong>Also Read: Shiba Inu: What Will 1 SHIB Be Worth in 2030?</strong></p>
 <p>As the meme coin market continues to evolve, SHIB investors face significant decisions regarding whether to cash in their gains or hold for potential long-term growth.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>crypto</li>
  <li>cryptocurrency</li>
  <li>shib</li>
  <li>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-ai-predicts-shib-price-for-mid-november-2023-tbt69248.html">https://thebittimes.com/shiba-inu-ai-predicts-shib-price-for-mid-november-2023-tbt69248.html</a></p>

Shiba Inu: AI Predicts SHIB Price for Mid-November 2023

TheBitTimes

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