Shiba

Kusama

Bitcoin

when

Shiba Inu

Amid growing investor anticipation for a significant price trend, Shiba Inu’s lead developer Shytoshi Kusama has reinforced the cryptocurrency’s dominant position in the crypto market.
The statement comes as SHIB experiences relatively stable trading patterns following its recent rally to $0.00003031.
Responding to calls from community members that he should push the meme coin’s price up, Kusama <a href="https://x.com/ShytoshiKusama/status/1859748429821509717?t=6am_ItZFqFuJ6pNU2BAdtw&amp;s=19" rel="noopener noreferrer nofollow">highlighted</a> that SHIB is the biggest ERC-20 token on the market, excluding multi-chain stablecoins such as USDT and USDC.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 "Hey dude send Shib to the moon."
 Checks we are still #1 eth token in the world.
 — Shytoshi Kusama<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1859748429821509717?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Shiba Inu holds a substantial market capitalization of $16.03 billion, securing its position as the 12th largest cryptocurrency globally. The meme coin is currently trading at $0.00002708, demonstrating a 7.96% increase within the last 24 hours. This surge comes as Bitcoin recently crossed $99,655, and is gearing up to break the $100,000 level for the first time.
<h2 id="strong-technical-analysis-and-market-dynamics-strong">Technical Analysis and Market Dynamics</h2>
Many analysts have shared their analysis of SHIB’s price, and most point to significant price surges in the meme coin’s future. Cryptocurrency analyst Ali (@ali_charts) has identified a crucial resistance level at $0.000025, where approximately 40,150 addresses collectively hold 54.6 trillion SHIB tokens.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TimesTabloid1</a>
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This concentration of holdings presents a significant barrier to upward price movement, as these investors may engage in profit-taking activities when the price approaches this threshold.
However, Ali’s technical analysis suggests potential for substantial growth if SHIB successfully breaks through this resistance level. The <a href="https://x.com/ali_charts/status/1859217203771408855?t=y9W3VtT4GoCtDOPMbQ-slA&amp;s=19" rel="noopener noreferrer nofollow">formation</a> of a bull flag pattern in SHIB’s price chart indicates a possible surge to $0.000039, contingent upon overcoming the current resistance.
This technical indicator coincided with a massive <a href="https://timestabloid.com/1-67-trillion-shib-moved-to-coinbase-in-single-transaction-heres-what-happened/" rel="noopener noreferrer nofollow">1.67 trillion SHIB withdrawal</a>, and Martinez noted that the meme coin surged by 62% the last time this happened.
<h2 id="strong-shiba-inu-shib-price-projections-strong">Shiba Inu (SHIB) Price Projections</h2>
Despite trading 68% below its all-time high, SHIB has shown remarkable resilience and growth in 2024. The meme coin has risen over 232% from last year, and experts expect this to continue.
Javon Marks (@JavonTM1) has <a href="https://x.com/JavonTM1/status/1857077717230923857?t=TNTgX1HQ67NT9nR99jYElg&amp;s=19" rel="noopener noreferrer nofollow">projected</a> an optimistic target of $0.0001553, reflecting broader community sentiment that SHIB could establish new price records during the current market cycle.
Marks has <a href="https://timestabloid.com/analyst-says-shib-rally-confirmed-foresees-rocket-price-surge-to-0-0001553/" rel="noopener noreferrer nofollow">predicted a surge to this target</a> multiple times. He is confident that the meme coin can reach the bullish target. This would significantly surpass SHIB’s all-time high of $0.00008845, and mark a historic run for the meme coin.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on <a href="https://twitter.com/TimesTabloid1" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.facebook.com/timestabloid/" class="broken_link" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://t.me/markettabloid" rel="noopener noreferrer nofollow">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" rel="noopener noreferrer nofollow">Google News</a>
The post <a href="https://timestabloid.com/shiba-inu-lead-dev-says-hey-dude-send-shib-to-the-moon-heres-why/" rel="noopener noreferrer nofollow">Shiba Inu Lead Dev Says “Hey Dude Send SHIB to the Moon”. Here’s why</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

Shiba Inu Lead Dev Says “Hey Dude Send SHIB to the Moon”. Here’s why

Table of Contents

Times Tabloid

Other articles published on Nov 24, 2024

Ripple CLO Sparks XRP Optimism With a Viral Victory Post

Bitcoin’s Epic Rise Panics the Owner of the Largest Gold ETF – He Talks About BTC

Bitcoin Price Declines as Altcoins Face Significant Losses

$8.2 billion raised through crypto fraud penalties: SEC’s 2024 report

Sticky US inflation binds Fed’s hands – What if it doesn’t get better?

What Is Bittensor (TAO)?

Join our free newsletter for daily crypto updates!