Shiba Inu: A Potential Dark Horse of The Upcoming Altseason
- SHIB is trading above significant support at $0.00001500.
- A surging market cap suggests increasing demand for SHIB.
- Shiba Inu has the potential to test previous resistance during the altseason.
Shiba Inu’s return above the $0.00001500 price level has reintroduced a bullish momentum and boosted investors’ sentiments for the cryptocurrency. SHIB surged about 24% last week to complete a 57% rally in the past month. These achievements, alongside crucial indicators, place SHIB as a potential outlier in the upcoming altcoin season.
Why is SHIB attracting crypto users’ interest?
Data from CoinMarketCap shows that SHIB’s market cap has climbed above $8.8 billion, despite the skyrocketing token burn by the Shiba Inu community. The increasing demand for SHIB, amid notable whale activity, has triggered massive speculation about the memecoin, with most users expecting the cryptocurrency to rally significantly if the $0.00001500 support holds.
Related: SHIB Climbs Above $0.000015 in a Massive Trend Reversal Move, Targets $0.000017
It is worth noting that SHIB remains one of the few memecoins that have endured beyond the initial hype and evolved into a …
The post Shiba Inu: A Potential Dark Horse of The Upcoming Altseason appeared first on Coin Edition.
Shiba Inu: A Potential Dark Horse of The Upcoming Altseason
- SHIB is trading above significant support at $0.00001500.
- A surging market cap suggests increasing demand for SHIB.
- Shiba Inu has the potential to test previous resistance during the altseason.
Shiba Inu’s return above the $0.00001500 price level has reintroduced a bullish momentum and boosted investors’ sentiments for the cryptocurrency. SHIB surged about 24% last week to complete a 57% rally in the past month. These achievements, alongside crucial indicators, place SHIB as a potential outlier in the upcoming altcoin season.
Why is SHIB attracting crypto users’ interest?
Data from CoinMarketCap shows that SHIB’s market cap has climbed above $8.8 billion, despite the skyrocketing token burn by the Shiba Inu community. The increasing demand for SHIB, amid notable whale activity, has triggered massive speculation about the memecoin, with most users expecting the cryptocurrency to rally significantly if the $0.00001500 support holds.
Related: SHIB Climbs Above $0.000015 in a Massive Trend Reversal Move, Targets $0.000017
It is worth noting that SHIB remains one of the few memecoins that have endured beyond the initial hype and evolved into a …
The post Shiba Inu: A Potential Dark Horse of The Upcoming Altseason appeared first on Coin Edition.