Coinbase to List Shiba Inu, It Consolidates at $0.000070

The self-proclaimed “Dogecoin killer” keeps making news in the crypto market. However, at this moment, it isn’t quite as much about Robinhood. Shiba Inu (SHIB) will be listed on Coinbase. Coinbase is among the top crypto exchanges and is now listed on the stock exchange.

What is Shiba Inu, exactly?

Shiba Inu is a community-driven currency with features like a cryptocurrency platform (ShibaSwap), a framework for dealing with NFT, and passive income-generating tools. Shiba Inu is based on the Ethereum blockchain, which is well-known for its availability and performance. This is a fantastic payment option that provides customers a leg up in the competition. It offers:

• Premium Safety
• Affordable Fees
• Immediate Transactions

Brian Hoffman, the product manager of the company, posted a Twitter survey asking for just enough “likes” to hit two thousand and therefore be allowed to include it. Of course, the goal was easily met, as the post now has over 41,300 likes. What a creative method to make the announcement!

On the other side, Edward Snowden, a well-known American informant and former NSA officer, is dissatisfied with the attention paid to the “Dogecoin killer” over the last few weeks. Snowden wrote: “I say this with love: if you got talked into exchanging your hard-earned savings for some new dog money because a meme said you’d get rich, please carefully consider your odds of outsmarting a market that sold to you its stake in *not even dog money but a CLONE of dog money”.

The loudest response came from Elon Musk, the eccentric entrepreneur and Tesla CEO, who mocked the American informant seeking asylum in Russia with a laughing emoji at the front of the tweet.

Meanwhile, the mainline implementation of SHIB as an investment continues to expand. On October 31, MacArthur Johnson, an American rapper and comedian recognized by the stage name “FunnyMike,” wrote in a recent tweet that he had purchased SHIBs worth $ 60,000, which would have been roughly 817,438,692.0980927 tokens.

We can see a market consolidation of around $0.000070 in the present SHIB / USDT analytical scenario, as the 50-period SMA on the 4-hour chart limits any efforts to decrease. This could offer impetus for the asset to rise and challenge the $0.000090 barrier level as per SHIB price prediction.

In the event of a breach, all indicators would initially lead to the $ 0.000120 level. However, the implied volatility is that the price drops under $ 0.000050 level. If that happens, the token’s eyes will be on $ 0.000045 as support, backed by the 200-period exponential moving average at $ 0.000035.