Shiba Inu continues a losing trend. When should you buy Shiba Inu

The current SHIBA INU Live price today is $0.000033 with a 24-hour trading volume of $1.3 billion. SHIBA INU has fallen by 4.21% in the last 24 hours and is currently ranked 13th by market capitalization. It recorded short gains after a listing on Kraken, but the trend has since reversed. Should you buy Shiba Inu now? We will try to answer this question.

The Best Places to Buy Shiba Inu Now

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the largest cryptocurrency exchanges on the market.

Buy SHIB now at Binance

CEX.IO

Cex.io Offers exchange of fiat currency for Bitcoin Ethereum, Tether and 23 other cryptocurrencies as well as Bitcoin/Ethereum trading against the USD.

Buy SHIB now at CEX.IO

What is Shiba-Inu?

Shiba Inu was created in August 2020 under the pseudonym “Ryoshi” and quickly gained momentum. The cute charm of the coin attracted a community of investors. Soon it became known as the Dogecoin killer and even overtook it once shortly after market capitalization. Tweets from such personalities as Elon Musk and Vitalik Buterin helped him gain value. Shiba Inu should be the Ethereum-based counterpart to Dogecoin’s Scrypt-based mining algorithm.

Should I buy Shiba Inu today?

Perhaps it’s best to wait. Read the next section for more information.

Shiba Inu-Price Prediction

According to Crowd Wisdom, the general recommendation for the next few hours is Sell. None of the six momentum indicators is positive, four of them are even negative. The price of Shiba Inu Coin is expected to remain constant over the next few hours, trading between $0.0000316 and $0.0000336. FX Street notes that a breakout above the ceiling could catalyze a 40% increase to $0.0000543. However, if SHIB creates a lower low below $0.0000328, the bullish thesis is invalidated.

Shiba Inu on social media

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