Will the price of Shiba Inu rise even more in the coming weeks?

The Shiba Inu price is poised for another bullish breakout as investors welcome the rally that has begun in the new year. SHIB’s price is up 6.6% in the last 24 hours, 16.1% in a week and a whopping 19% over a two-week period.

The live price data shows an 18% increase in daily trading volume to $364 million. This indicates that investors are focused on collecting SHIB tokens for the next big rally. In the last few weeks, Shiba Inu has moved up a few rungs on the stock market value ladder. It now ranks 15th with a market capitalization of $5.3 billion.

Will the Shiba Inu price remain profitable in the coming days?

Shiba Inu price is currently $0.0000971 and many sellers are waiting for $0.00001. A breakout above this level could push SHIB’s price to $0.000012 over the weekend and could push $0.000013 and $0.000014.

Over the past few weeks, traders’ attention has turned to altcoins. There is more focus on meme coins like Dogecoin and Shiba Inu. The data from WhaleStats, a crypto platform that tracks large transactions, shows that SHIB is once again one of the most used smart contracts among the top 500 Ethereum (ETH) whales.

Besides Shiba Inu, other smart contracts are also used, such as Decentraland (MANA), Numeraire (NMR), Fortress (FORT) and Basic Attention (BAT).

That’s not all. On Friday, Shiba Inu also appeared on the list of most used smart contracts among the 1,000 largest Ethereum whales. Shiba Inu was 7th on this list and was below WETH, BOBA, NMR, ETH, USDT and USDT. Shiba Inu is the most traded token of the top 5,000 Ethereum whales.

Shiba Inu Price Bullish
Whale statistics

The eight-hour chart shows that buyers are at the top, especially with the Moving Average Convergence Divergence (MACD) indicator. In addition to the buy signal, when the MACD (blue line) moved above the signal line (red line), the momentum indicator also remained above the mean line (0.00).

Shiba Inu Price Bullish
SHIB/USD eight hour chart

Investors betting on long positions for the Shiba Inu price are likely to continue to do so after the 50-day exponential moving average (ETH) (in red) moves above the 100-day EMA (in blue). The safest bet for Shiba Inu longs is just above $0.00001 where the resistance is.

IntoTheBlock shows insights into blockchain data. For example, the In/Out of the Money Around Price (IOMAP) model shows a bullish picture for the price of Shiba Inu. Probably when the level of $0.000011 is reached the price will increase, this is because many sellers want to sell at that price. About 20,000 addresses have bought about 77 trillion tokens in that zone.

Shiba Inu Price Bullish
Shiba Inu IOMAP

However, traders should be cautious as IOMAP shows that Shiba Inu is not strongly supported. However, it is very cautious because trading volume is growing.

Shiba Inu Burn Rate Decreases 92%

The Shiba Inu supply has decreased significantly since the token burning process was introduced. More than 410 trillion tokens have been withdrawn from trading, and 571 trillion remain. Also, 18 trillion tokens have been staked on various platforms.

Shiba Inu Price Bullish
Shiba Inu burn rate

The burn rate will increase significantly when Shibarium is launched. Shibarium is a new protocol currently being developed to increase the scalability of SHIB. Shibarium may go live in the first quarter of 2023 and may lead to an increase in SHIB’s price.

Altcoins to Consider for Portfolio Diversification

Investors interested in the latest altcoins can consider the best presales at the moment. The tokens discussed below are valued on strong fundamentals, allowing them to rise sharply once listed on exchanges. The pre-sales are selling out quickly as some altcoins are likely to be listed on CEXs in the coming weeks.

Meta Masters Guild (MEMAG)

The Meta Masters Guild (MMG) ecosystem will launch the MEMAG coin to bring together a community of players and game developers. With this coin, they can participate in various projects and earn rewards.

MMG wants to launch more games within a community. But the games are independent and can be played by all users. The MEMAG token will become the means of payment for all games in the ecosystem and allow players and developers to earn rewards for their contributions.

There are currently three games to play in the MMG ecosystem, and the plan is to add more games for players in the community. Karts Racers a PVP racing game best played on mobile phones. Raid NFT is a fighting game where players choose fighters and fight in countless dangerous areas.

Meta Masters World is a game focused on the metaverse and gives players the chance to explore a vast virtual world. Investors can buy MEMAG in pre-sale for 0.007 USDT per share. token. $130,000 has already been raised during the presale.

Visit the Meta Masters Guild here

Fight Out (FGHT)

Fight Out is launching a revolutionary move-to-earn (M2E) app and fitness network in 2023. The goal is to improve the fitness experience of athletes. Using the latest technologies, users can earn rewards for completing workouts. In addition, they can earn REPS tokens when competing against other athletes.

With these REPS tokens, users get discounts on Fight Out memberships, subscriptions and merchandise such as clothing, supplements and exercise equipment.

The app and the gyms are keen to create a supportive community atmosphere. This is done by motivating and encouraging fellow exercisers to achieve fitness goals.

Fight Out’s presale is currently ongoing and has already raised $2.9 million, you can buy 1 FGHT for 1 USDT. Investors can benefit from a 50% discount when purchasing FGHT. This offer runs until pre-sales raise $5 million.

Visit Fight Out here

Tamadoge (TAMA)

The beta version of the long awaited Arcade Games has been recently launched by Tamadoge. Investors were invited to test the games and provide feedback so that the games can be improved before the official launch. So far, users have played 741 hours and more play time is expected after the official launch of the games.

Tamadoge is a game to earn Dogecoin game where players can buy and collect NFTs (Non-Fungible Token). These NFTs are digital pets in the game. These pets can be requested and matches can be started against other players. The winner will be rewarded with TAMA tokens.

The game starts in the world of Tama where you can explore several areas, play games, trade Tamadoge pets and collect NFT items. In addition, you can search for surprises in the world.

Within Tamadage, the in-game currency is TAMA. Besides fighting other players, money can also be earned by selling NFTs in the game’s marketplace.

Buy Tamadog here

Calvary (RIA)

One of the best presales at the moment is Calvaria and investors have some time to get in. The presale of the token has almost reached the target amount, so this may be the last chance to invest in the token.

The game, Calvaria: Duels of Eternity, focuses on the afterlife and will shake up the crypto gaming industry. With excellent graphics and gameplay, many players will be interested in the game. The game will be launched in the second quarter of 2023 and it is getting more and more attention.

The game’s token, RIA, can be used to purchase NFT battle cards, generate passive income from stakes, and allow investors to vote within the Calvaria DAO.

Visit Calvary here

Robot Era (TARO)

RobotEra is a new cryptocurrency and metaverse project that aims to create an interactive world within the metaverse. In addition to attracting virtual real estate, users can also create and play games in the RobotEra metaverse. And all this is possible without prior knowledge of coding.

The project wants to create a game where planets can be built in an open world. Players play as a robot and can collect planet resources, control their land and make robot allies.

Community members can create anything they want in the metaverse, even a new era with other robots. There is also the possibility of connecting different worlds, so that amusement parks, concerts and museums can be created. The RobotEra presale has already raised $707k, so there is some time left to invest.

Visit RobotEra here

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