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The volatile crypto market makes predicting a 200% rise in Shiba Inu (SHIB) challenging. Major exchange listings, social media, and community enthusiasm all influence SHIB’s price. Regulation and market fluctuations can also be hurdles.
In today’s market, Shiba Inu (SHIB) is trading at $0.00000711 with a volume of $84,955,607.39. This represents an increase of 4% in the last 24 hours and a decrease of 2% in the last week. Its market cap is $4,211,172,042, with a supply of 590 Trillion SHIB.
Shiba Inu (SHIB) Price Prediction: How Low Can It Get?
The Shiba Inu (SHIB) coin price is trending below $0.0000060 following a falling wedge pattern. Furthermore, the 50-day EMA goes bearish with the falling wedge resistance trendline. The downtrend is near $0.0000055, and the bear’s eye is $0.0000050.
Buyers might try to reverse from the trendline. If you’re bullish, if there’s a downside break. Further, the lower price rejection signals a potential reversal, which could also lead to another upcycle within the wedge.
With a potential bullish momentum re-surge, SHIB’s significant resistance levels are $0.0000060 and $0.0000065. If a bearish breakdown occurs, the SHIB price may fall back to $0.0000050.
Right now, Shiba Inu’s (SHIB) price is falling, and it’s likely to fall to $0.0000065. It’s interesting to see the price break through an exponential moving average after breaking through a pennant formation.
This year has started tough for Shiba Inu (SHIB), as its price is down 8%. SHIB has failed to form a golden cross and retreated from its 50-day moving average, confirming its current bear trend.
Over the past few months, the SHIB price has declined, but there are signs it may be recovering. Breaking the resistance trendline is bullish.
If the price keeps above this trendline, it might reach $0.00001690 in 2023. But a drop below the support trendline will lead to $0.0000050. Overall, SHIB’s outlook looks positive, but it is still subject to risks.
Crypto Casino Market Booms with TG Casino Project
Shiba Inu is a classic example of meme coins being volatile and unpredictable in the digital asset market. But faced with meme coin mania, TG Casino positions itself as a competitor.
TG Casino and SHIB operate in different segments of the crypto market, with TG Casino being a game token and SHIB being a meme coin. The strategy behind TG Casino’s integration and user accessibility sets it apart from SHIB’s popularity.
The project is currently in its pre-sale phase and has $1,004,494.13, aiming for $2,500,000. Its current listing price is $0.125. ETH, USDT, and BNB are popular cryptocurrencies investors can use to buy TG Casino tokens.
Crypto casinos offer user privacy by keeping transactions off traditional bank statements. This is because of their leniency with Know Your Customer (KYC) requirements.
TG Casino Mobile-centric Approach
Crypto casinos operate primarily on mobile platforms, competing for smartphone users’ attention. TG Casino taps into this trend by being an exclusive Telegram app. Its official Telegram bot eliminates the need to download additional apps.
A Safe and Secure Environment
TG Casino gained a verified service license, demonstrating its commitment to legality. For investors, this license adds an extra layer of trust.
Further, TG Casino’s platform is simple, contributing to its security. The entire process occurs directly through Telegram, a platform millions trust without downloading third-party applications.
Purchase TGC in Pre-sale and Enjoy Exclusive Benefits
TG Casino’s pre-sale offers several distinct advantages over conventional cryptocurrencies, including competitive prices, reward programs, High Roller Status, Immediate Earnings
New $TGC Titan competition live!
$5k USDT prize pool with daily prizes
See Community TG for full details, info in bio. pic.twitter.com/FspLovm1fJ
— TG Casino (@TGCasino_) October 13, 2023
With 310K YouTube subscribers, Michael Wrubel reviewed TG casino and its native token, $TGC, which is currently on pre-sale. He says TG Casino’s integration with Telegram and the crypto sector and its transparency make it a compelling investment opportunity.
Michael invested $1,000 in TG Casino during its pre-sale phase as a strategic move based on the project’s potential, accessibility, and a growing market for crypto casinos. As the pre-sale fills up, he remains optimistic about TG Casino’s prospects and is eager to see how this project plays out in an evolving crypto world.
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TG Casino Tokens: How to Buy
To purchase, go to the TG Casino website. Pick your preferred cryptocurrency: ETH, USDT, or BNB. Connect your wallet to the website to make transactions straightforward and secure. Enter the amount you’d like to buy in TG Casino tokens, for example, $1,000. Click “Approve” and follow the steps to finish the transaction. Once you approve the transaction, confirm it in your wallet.
Investors looking for a long-term investment can benefit from projects like TG Casino as the crypto casino market grows.
Assess your risk tolerance and conduct due diligence before investing. TG Casino holds significant promise, but you must make informed decisions and diversify your investments in the cryptocurrency market because of its volatility.
Also Read:
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- Source: https://insidebitcoins.com/news/shiba-inu-shib-price-prediction-amid-a-meme-coin-frenzy-will-shib-see-a-200-increase-while-another-presale-coin-emerges-as-a-competitor-tg-casino
