Bittime -Shiba Inu (SHIB) is experiencing a significant increase in value. This is driven by positive market sentiment. Recently, SHIB price managed to eliminate one zero, making it one of the best performing digital assets.
SHIB Price Rises After a Period of Stagnant Trading
At that time, investors were waiting for developments that could increase the usefulness of SHIB. The latest data shows that most SHIB holders are currently profitable, indicating a positive trend.
The increase in SHIB prices was accompanied by a significant increase in social media activity. According to LunarCrush, Shiba Inu social media interactions reached a record high in February. This shows new interest from the community of meme coin lovers.
Also Read How to Buy Crypto:
Current Shiba Inu (SHIB) Price
According to the Bittime.com market when this article was written (06/03/2024) the price of 1 SHIBA to USDT was trading at the level of 0.00003383 and experienced a decline of -12.28% over the last 24 hours.
More Than Just a Trend
While market sentiment plays a role in the price of SHIB, the ongoing development of the project is also an important factor to consider.
The launch of Shibarium, a second layer scaling solution in 2023, aims to address the scalability issue.
The developer is also working on adding new features to the Shiba Inu ecosystem, including a privacy-focused network.
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Maintaining Profits
According to Binance.info more than half (63%) of investors holding SHIB coins are currently seeing positive returns on their investments, indicating a bullish market for the coin.
Although the price of SHIB is generally rising, it is falling slightly on a daily basis. However, the overall weekly gain for meme coins is still impressive, reaching almost 120%. SHIB's future success will depend on its ability to sustain these gains and avoid a correction if many investors decide to sell.
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Hold or Sell?
This article does not provide explicit advice on whether you should hold or sell SHIB. However, the information provided can help you make your own decision
Stand:
- If you believe SHIB still has room to grow further based on its development and improved usability.
- If you are a long-term investor and can handle market volatility.
Sell Partially:
- If you want to secure some profits to reduce risk.
- If you are worried about short-term price corrections.
Ultimately, the decision to keep or sell SHIB is yours. Carefully consider the information above and do your own research before making any decisions.
Also read : What is Technical Analysis/Trend Analysis (TA)?
How to Buy Shiba Inu (SHIB) on Bittime
You can buy and sell Shiba Inu (SHIB) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Shiba Inu (SHIB) is available on Bittime with the market pair SHIB/USDT . To be able to buy SHIB USDT on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Shiba Inu (SHIB) on Bittime .
Monitor the price chart movements of Shiba Inu (SHIB) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read
Shibarium: Shiba Inu 2 Layer Blockchain Ecosystem and Token
SHIB Price Jumps 128% in 7 Days: What is the SHIB Price Prediction?
Shiba Inu Burn Rate Soars 900 Percent, SHIB Price Also Rises
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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