A widely followed crypto trader believes that top memecoin Shiba Inu (SHIB) is poised to print massive gains in the coming days.
Analyst Kaleo tells his 605,700 followers on the social media platform X that Shiba Inu looks primed for a run-up after breaking above a horizontal resistance and retesting it as support.
“I think by the time the candles reach the far right side of the screen, we’ll see some green candles hitting the green box.” 

Looking at the trader’s chart, he seems to predict that SHIB will soar above $0.000015 in early December. At time of writing, SHIB is trading for $0.00000861, suggesting gains of over 74% if the memecoin hits the trader’s target.
Kaleo is also keeping a close watch on FLOKI (FLOKI), another popular memecoin. According to the crypto strategist, FLOKI may witness rallies if it manages to take out a diagonal resistance around $0.00004.
“Picked up a small bag of FLOKI as well. I want exposure to all of the dog coins, and think this one could get interesting if breaks this high time frame resistance.” 

At time of writing, FLOKI is worth $0.000032.
As for Bitcoin (BTC), the analyst thinks that the latest correction is designed to shake out speculators before a rally to a new 2023 high.
“We’re just shaking out bulls with no conviction and trapping a few more bears before the send to $40,000.” 

At time of writing, Bitcoin is worth $36,507.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInuUpdate #SHIBs $SHIB

Shibarium-based decentralized exchange Marswap adds a new trading pair for Shiba Inu ecosystem tokens, LEASH and BONE. 
Read more on: https://thecryptobasic.com/2023/11/23/shibarium-based-dex-marswap-makes-huge-announcement-regarding-shiba-inu-ecosystem-tokens/
#SHIBFuture #ShibaInuUpdate #Shibarium #CryptoTrends2024 #CryptoNews🔒📰🚫

The cryptocurrency market is abuzz with opportunities, and astute investors are eyeing three standout tokens that have shown resilience and potential for significant returns in 2024. Amidst the dynamic landscape, Manta Network (MANTA), Shiba Inu (SHIB), and FTX Token (FTT) have captured considerable attention. Let's delve into each of these cryptocurrencies, exploring their recent performance, unique features, and the potential they hold for turning a modest investment of $10 into a substantial $1,000.
Manta Network (MANTA): 

Charting Unprecedented Growth
Current Price: $3.74
Manta Network has emerged as a force to be reckoned with, launching its native token, MANTA, just last week. With a total supply of 1 billion tokens and a 2% annual inflation rate, MANTA is strategically positioned for functions such as fees, staking, and liquidity.
Performance Overview:
MANTA commenced trading at $0.05 on January 18 and experienced an extraordinary surge, reaching a new all-time high of $3.33 the same day. Despite subsequent corrections, MANTA closed January 18 with an impressive 4,240% rise. Continuous ups and downs followed, but the token maintained a general uptrend. Notably, on January 28, MANTA secured a new all-time high at $3.89, marking a 34% surge for the week.
Shiba Inu (SHIB): 

Navigating Market Volatility
Current Price: $0.0000092342
Shiba Inu's recent price movements reflect broader market conditions, particularly in response to Bitcoin's significant collapse on January 22. Despite facing the brunt of the market downturn, SHIB demonstrated resilience and recovery.
Performance Overview:
After relinquishing the $0.000009 level on January 22, SHIB recovered, reaching consecutive intraday gains since January 26. The token aims to reclaim the $0.00001 zone, with resistance points at $0.00000955 and $0.00000981. As of the latest data, SHIB hit a high of $0.00000925, showcasing its determination to overcome market challenges.
FTX Token (FTT): 

Forming a Bullish Double-Bottom
Current Price: $2.73
FTX Token, despite facing market fluctuations, stands out with its potential formation of a bullish double-bottom pattern on the daily timeframe. This pattern suggests an imminent end to the downtrend and a potential reversal.
Performance Overview:
FTT experienced a decline to a low of $2.31 on January 8, forming the first bottom. Recovering to a high of $3.47 on January 12, FTT held above the $2.9 support until January 18. The recent drop to $2.47 marked the formation of the second bottom. To confirm the double bottom, FTT needs to surge above the $3.2 price, indicating the start of a more substantial recovery campaign.
Conclusion: 
As we navigate the intricacies of the cryptocurrency market, Manta Network, Shiba Inu, and FTX Token emerge as promising candidates for investors looking to turn a modest $10 investment into a potential $1,000 in 2024. 
Each token brings a unique set of features and resilience to market volatility, making them noteworthy contenders in the pursuit of substantial returns. However, investors need to conduct thorough research and stay informed about market dynamics before making investment decisions.
#manta #ShibaInuUpdate #FTX

Shiba Inu experiences a 135.23% weekly increase, driven by the ‘Shiba Army’ community and token burning.Based on Ethereum, it offers scalability and use cases such as NFTs and donations to rescue real Shiba Inu dogs.
The Dollar Cost Averaging (DCA) investment strategy has proven to be a shrewd play for those who have invested in SHIB since its inception. Despite market volatility, those who have followed this strategy have seen their initial investment grow substantially.
One piece of news that has attracted a lot of attention is the move of 3 trillion SHIB tokens, worth approximately $49.9 million. These types of moves are signals that experts and enthusiasts watch closely because they suggest major changes in the price of the token, just as we have previously covered on ETHNews.
A platform known for tracking cryptocurrency movements, Whale Alert, detected a massive move of SHIB. This movement has had a direct impact on the price of the token, which rose more than 70% in 24 hours, reaching bullish price levels.

Since its appearance in January 2021, SHIB started with a very low price, which made it an attractive option for those who wanted to enter the market without spending a lot. This humble beginning only increased its popularity and made it an interesting option for many.
As for SHIB’s current price, although it has experienced a slight drop in the last 24 hours, the overall trend remains positive, with impressive increases in the last week and month. This, coupled with an increase in SHIB’s burn rate, suggests strong community activity that could continue to drive its price higher.

SHIB has managed to outperform other established cryptocurrencies, ranking 11th in terms of market capitalization. With a 62.20% increase in its price in the last 24 hours, SHIB is proving that it has a lot to offer.
Based on analysis and the trend observed, it is reasonable to expect SHIB to maintain its upward course in the short term. This is supported by continued community interest and support, which are key factors for the dynamism of any cryptocurrency.

The current price of Shiba Inu (SHIB) is $0.00002221 USD, registering a decrease of -1.73% in the last 24 hours. However, it has had an impressive 135.23% increase in the last week, up 151.38% in the last month.

Technical analysts have observed an interesting development in the SHIB/USD chart, including potential signs of a breakout. SHIB’s burn rate has increased significantly, which could indicate increased community activity and potentially positively impact its price.
Prediction: Given the recent increase in price and community activity around Shiba Inu, it is plausible to expect SHIB to maintain a near-term uptrend, especially if community interest and support continues. However, as always, it is essential to consider the volatility of the cryptocurrency market and proceed with caution.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInuUpdate #SHIB

The price of Shiba Inu has increased by 1.5% over the course of the last twenty-four hours, and its recent climb to $0.00000831 coincides with the larger cryptocurrency market posting a gain of 2.5% today.
While the meme token has only increased by 2.5% since the beginning of the year, SHIB has already increased by 4% in a week and by 3.5% in the previous 30 days. This is despite the fact that the year has only just begun.
Despite the fact that this rise is insignificant in contrast to the year-to-date returns that other prominent tokens (such as Bitcoin, Ethereum, XRP, and SOL) have produced, Shiba Inu has introduced a number of significant new upgrades this year, which has strengthened its fundamentals in preparation for future growth.
2024 has the potential to be a very significant year for SHIB, as the primary developer, Shytoshi Kusama, has outlined four improvements that will be released in the future.
Prediction of the Shiba Inu Price, with Four Major Updates Being Teased — Is It Possible for SHIB to Reach $1?
At the moment, the indicator of SHIB is in a precarious position, which is consistent with either more increases or additional declines.
Over the course of the past week, its relative strength index (RSI) has decreased to 50, and despite a little uptick in the days prior, it appears to be stuck at the same level of moderate.

It is possible that this indicates that it does not possess the momentum to make more gains in the near future. This is also possible for its 30-day average (yellow), which is having difficulty rising above its 200-day (blue) average.
Additionally, it is possible that the fact that its support level (green) saw a substantial drop on November 21 is relevant, as this may indicate that it may not be durable against any future dips.
The trajectory of the larger market, which may increase over the next few weeks, particularly if the SEC gives its approval to a Bitcoin exchange-traded fund (ETF), is likely to be the determining factor in SHIB's fortunes.
On the other hand, this does not indicate that the price of Shiba Inu will not continue to slowly increase in the more distant future. This is because the currency has welcomed a number of significant launches this year, including those for Shibarium and for its own naming service.
And yesterday saw the publication of an interview with Shytoshi Kusama, in which the developer detailed four areas in which SHIB is expected to receive important changes in the next months. The interview was conducted by Kusama.
In particular, the Shiba Inu ecosystem will pursue "absolute decentralization" in the year 2024. This will involve the implementation of more democratic governance across all four coins, as well as elections that are led by the community.
In addition to this, the developer intends to make SHIB's user experience (UX) more user-friendly and to give it with a more powerful protection against frauds, which will include self-sovereign identification and privacy protections.
To put this into perspective, the introduction of such features, in conjunction with the eventual debut of SHIB: The Metaverse, might potentially result in a significant increase in the price of the Shiba Inu in the year 2024.
#ShibaInuUpdate #BTC #crypto2023

The meme coin Shiba Inu (SHIB) has been making headlines in the cryptocurrency market, not just for its community-driven initiatives but also for its price action, which has recently shown signs of rallying. The technical analysis of SHIB/USDT on the daily chart indicates that SHIB is currently testing a critical resistance level, which, if broken, could signal a bullish trend.
As of now, SHIB is hovering around the 0.00000850 mark. For SHIB to confirm a bullish breakout, it would need to consistently close above this level and maintain upward momentum. The coin has been making higher lows, which is a positive sign for investors looking for a potential uptrend continuation. Conversely, if SHIB fails to breach this resistance, it could see a retraction to lower support levels.
The broader sentiment in the crypto market, particularly around meme coins, can be fickle, heavily influenced by social media and market trends. Shiba Inu's strong community backing and the recent increase in burn rates have added a deflationary aspect to the token's economics, but the overall impact on price remains to be seen.
Investors are advised to keep a close eye on volume changes and market sentiment indicators to gauge the potential for SHIB's price movement. Shiba Inu's transition from a meme-based asset to one with actual utility is underway, as evidenced by partnerships like the one with The Manny Pacquiao Foundation, which aims to utilize the Shibarium blockchain for charity initiatives​​.
These developments paint a bullish picture for SHIB, suggesting that its current market price could offer a lucrative opportunity for investors eyeing the next bull run, with the ambitious target price of $0.01 being a focal point for the community​​.
While the burn rate's direct impact on price remains a topic of debate, these concerted efforts by the SHIB community reflect a strategic approach to fostering both demand and long-term value for the token.
$SHIB #ShibaInuUpdate