The Shiba inu token (SHIB) is “ready for launch,” says crypto analyst Ali Martinez. On Thursday, November 11, when 43 of the top 50 cryptoassets (by market cap) were in the red (losses against the USD), the hugely popular meme coin-based cryptocurrency Shiba Inu (SHIB) was down around 8% in the last 24 hours. increasing and disrupting the trend. In fact, SHIB is one of only three cryptoassets to rise today among this group. For details cryptocoin.comKeep following.
Shiba inu rally?
Today, SHIB on crypto exchange FTX rallied as high as $0.00005780, according to TradingView data. Currently, at the time of writing, SHIB is trading at $0.00005609, up 7.78% in the last 24-hour period.
As for the last three months, SHIB is up 601%.
And if you think that number is impressive, it’s worth noting that SHIB’s return on investment (ROI) for the year-to-date (YTD) period was insane 72,844,055% against the USD. The popular “Altcoin Sherpa” told his more than 146,000 Twitter followers that in the short term he could see SHIB reach at least $0.000062.
$SHIB: 4h 200 EMA acting as support, expecting this to at least get to $.00006200ish in the short term. Probably will continue to cool though given the insane moves it had before. pic.twitter.com/H0cvbptZeg
— Altcoin Sherpa (@AltcoinSherpa) November 11, 2021
Crypto analyst Ali Martinez is further bullish, believing that we may be on the verge of an upside SHIB breakout and if the $0.000062 resistance level is broken, the SHIB could go as high as $0.000178.
The servers of YouTube channel “Altcoin Daily” tweeted on Tuesday (November 9th) that only 10 wallets hold 72% of the total SHIB supply.”
And finally, CryptoDiffer tweeted the same day, saying that as of November 9, SHIB is the top altcoin by social volume.
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