• Shiba Inu (SHIB) is a popular memecoin launched in 2020 by Ryoshi.
• SHIB price prediction for 2023 is between $0.00001419 and $0.00001969, with a possibility to reach $0.00005 soon.
• The current market status of SHIB is at the 15th position on CoinGecko with a 24-hour trading volume of $220,509,170 and an all-time high of $0.00008616 (on Oct 28, 2021).
Shiba Inu (SHIB): An Overview
Shiba Inu (SHIB) is a popular memecoin that was developed and launched in 2020 by pseudonymous founder Ryoshi. It exists as a potential contender to the largest memecoin, Dogecoin (DOGE). Alongside SHIB, Bone ShibaSwap (BONE) and Doge Killer (LEASH) are other tokens of the Shiba Inu ecosystem. Shiba Inu runs on both Ethereum blockchain and Binance Smart Chain (BSC). Shibarium Beta – named Puppynet – was launched in March 2023 and it’s likely that its layer-2 blockchain will be released by the same year.
Current Market Status
Shiba Inu currently holds the 15th position on CoinGecko with a circulating supply of 589,360,441,770,649 coins. Its 24-hour trading volume stands at $220,509,170 while its 24-hour price change dropped 1.1%. The all-time high for this coin is recorded at $0.00008616 which occurred on October 28th 2021.
Price Prediction 2023
The daily time frame chart for Shiba Inu has revealed an ascending triangle pattern which suggests continuation of the ongoing trend towards resistance levels of $0.00001515 and $0.00002980 if it continues to rise or fall to support levels of $0.00000990 and $0.00000780 if it reverses direction instead . Our bullish SHIB price prediction for 2023 lies between $0 0 . 00001419 to 0 . 00001969 , but there’s also a possibility that it could reach as high as 0 . 00005 soon . However , bearish predictions suggest that it may drop down to 0 . 00000788 instead .
Support & Resistance Levels
The chart above clearly displays Shiba Inu’s support & resistance levels from the daily time frame perspective: Resistance Level 1: 0 . 00001419R Resistance Level 2: 0 . 00002980 Support Level 1 : 0 . 00000990 Support Level 2 : 0 . 00000780
Overall , our predictions are positive for Shiba Inu’s future performance in terms of pricing , although bearish predictions cannot be ruled out either due to its volatility within the crypto markets . If you’re considering investing in this coin , keep your eyes open for any developments regarding Shibarium Beta launch & other news related to SHIB so you can make more informed decisions about your investments accordingly !