SHIB News: Potential Upswing and SHIB Pay Launch Predicted to Boost Price

In the world of cryptocurrency, Shiba Inu (SHIB) has been making headlines recently due to positive market indicators and upcoming developments. Here’s a closer look at what’s driving the excitement around this dog memecoin.

130 Trillion SHIB Tokens in Profit Zone

According to on-chain data, 130 trillion SHIB tokens are currently profitable at the current Shiba Inu price. This indicates a potential upswing for the popular dog memecoin, as traders and investors watch its price action closely. Recent data reveals that 130.83 trillion SHIB tokens worth $1.76 billion are profiting.

SHIB Pay Launching Soon: Analysts Predict 2x Price Surge

SHIB Pay aims to revolutionize crypto payments by eliminating banks and middlemen. The payment platform on the blockchain allows merchants to get paid in cryptocurrencies directly, offering reduced fees and real-time settlements. Analysts predict a strong upside for SHIB if it maintains momentum above key resistance levels, hinting at a possible rally. The Shiba Inu ecosystem is expanding with this new feature, making SHIB Pay a game-changer in the realm of digital trade.

Shiba Inu Breaks Out as Burn Rate Soars 57,000% – Is a 2x Rally Next?

Shiba Inu (SHIB), a popular meme coin, has finally broken out of a long-term downtrend. With a massive 57,000% jump in its burn rate and strong bullish signals, traders are anticipating a significant rally soon. Currently trading at $0.000014, a prominent crypto analyst predicts that SHIB could double in price. Technical analysis from World of Charts indicates that SHIB has successfully broken out of a key descending channel, suggesting potential for a 2x surge from current levels.

Shiba Inu (SHIB) Poised for Breakout as Bulls Eye 2x Gains

Shiba Inu (SHIB) has surged 21% in a week, reaching $0.00001550 before stabilizing at $0.00001450. The burn rate skyrocketed 57,069%, with over 1 billion SHIB removed on March 27. Analysts predict a breakout, suggesting SHIB could gain 2x if the resistance level is successfully surpassed. The price jumped from $0.00001280 on March 21, fueled by growing investor confidence and renewed interest in meme coins. Despite a minor pullback, SHIB has held solid support at $0.00001400, indicating that bullish momentum is still intact.