Will Shiba Inu bounce back in the crypto market? Price Forecast here

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New Delhi: Started as a joke token Shiba Inu’s (SHIB) downfall continues as all the major altcoins are also tumbling in the crypto market. Shiba gathered huge attention and emerged as one of the favored choices of investors but this may not be enough to save it from the bear’s territory.

Shiba Inu is currently trading between very crucial levels and trying to break the resistance level. If this continues it may hit much lower levels. Bulls may be gained the upper hand earlier as the prices surged more than 13% but bears took the control back and pulled down the price by 15%.

Its price is currently on a very crucial edge and another plunge from here may lead the price towards the lower support levels below $0.000006 or even $0.00000450. Test of this level will open the way to the test of the support at $0.0000055.

However, the hype built by the community is responsible for its price action as the launch did not trigger a bullish move. But somehow the DEX harbors $1.2 billion in total value locked (TVL).

What is the current price?

Right now, SHIB is priced at Rs 0.000485, which means that you can buy almost 2,00,000 Shiba coins in just Rs 100. You can buy Shiba Inu as it is predicted to go up in the near future.

Will Shiba rise again?

It is rare that a newer asset to fall 85% over nine days and immediately rebound back with a good speed. Over the past 2 months, Shiba Inu has methodically charted a bullish inverse head-and-shoulders pattern marked by several false patterns and breakouts.

The Dogekiller is eyeing an almost 20% gain by announcing the addition of ETH-USDT, LEASH-BONE and SHIB-BONE pairs to the ShibaSwap Decentralized Exchange (DEX). This move came after the launch of the much-awaited ShibaSwap DEX on July 6.

These pairs essentially allow two forms of cryptocurrency to be traded at once within the Shibaswap system, which can help bolster the lesser-known cryptos while helping the others, according to Yahoo! Finance.

Red Shiba Token

What is Shiba Inu coin price prediction?

The Shiba Inu price has stagnated recently and right now trading at $0.00000637, which is actually 90% below its all-time high.

It is also between the support and resistance levels at $0.0000056 and $0.0000096, respectively while the Average True Range (ATR) has declined, says Investing Cube.

Market Sentiment for Shiba Inu

Based on our SHIB price prediction, a long-term increase is expected; the price prognosis for 2026 is $0.0000670. With a 5-year investment, the revenue is expected to be around +737.5%.Wallet Investor

The analysts believe the price of Shiba Inu will increase in the coming years. It is predicted that by the end of 2021, the price may rise and reach $0.0000202, which is twice the current price.Changelly

Our data indicates that the asset price has reflected a massive bull run for the past year, and it has tremendous long-term earning potential. The future price of the asset is predicted at $0.000018 by the end of this year.GOV Capital

The Shiba Inu price is forecasted to reach $0.0000121 by the beginning of December 2021. The expected maximum price is $0.0000155, minimum price $0.0000105. The Shiba Inu price prediction for the end of the month is $0.0000124.Trading Beasts

As per the latest news, research, and Shiba token price prediction, the coin might cross $0.00001258 by the end of 2021, and by 2025, it may record a new ATH around $0.000040.Digital Coin Price

Based on our analysis, the results are not very encouraging as the bears may be back for SHIB, and the SHIB price may drop to $0.0000009 in 2022 and pose a risk for investors.Reddit Community

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How to buy Shiba Inu coin in India?

While there is a looming threat of a ban from the government, Indians are actively trading cryptocurrencies.

In India, Shiba Inu cryto coin is traded at an Indian exchange named WazirX.

Shiba Inu tokens are also listed on other platforms like Uniswap and CoinDCX’s web version.

On Uniswap, users can buy and sell cryto currencies in exchange for ETH & Ethereum-based tokens.

Uniswap is an Ethereum-based decentralized exchange.

How to Buy Shiba Inu

If you are looking to buy Dogecoin or Shiba Inu coin, you can use these apps:

WazirX

Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.

Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.

2. CoinSwitch

CoinSwitch is another notable and safe cryptocurrency exchange in India that lets you purchase and trade Dogecoin in India. You need to install the app, signup using your phone number, and add your bank account. As the app deals with crypto trading, you also need to do KYC. Once you have added your bank account, you can purchase the Dogecoin using Indian currency.



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