Shiba Inu (SHIB) was recently featured on Crypto.com, a well-known cryptocurrency exchange, which excited the Shiba Inu community.
“Shibtoken (SHIB), the second-most valuable currency by market capitalization, was founded in 2020. “SHIB was founded by an anonymous individual or group named Ryoshi, named after the Shiba Inu dog,” Crypto.com said in conjunction with a picture of the well-known Shiba Inu logo, its market capitalization, and its most recent price change.
This focus serves as a reflection of the coin’s popularity and potential as a strong challenger in the cryptocurrency market, as expressed by the Shiba Inu community.
In response to the article, the official X account for Shiba Inus highlighted the breed’s ambition to become the most popular dog coin: “2 today, but the Doge days are numbered.”
https://x.com/Shibtoken/status/1770248051254338034?s=20
“We have secret wags we can’t reveal yet and the Shiba Army Shibarium,” the statement said, hinting at more surprises to come. Prepare for a new doggo at the top. Lots of wows coming up,” the official X handle for Shiba Inus stated.
The recent attention given to SHIB by the cryptocurrency exchange suggests that, as the world of cryptocurrencies develops, the “Doge killer” is here to stay and grow.
SHIB price action
SHIB recovered at lows of $0.00002366 in today’s trading session following two days of steady falls.
After SHIB recovered from this level on March 17, the bulls attempted to turn the $0.000023 level into support. The bulls’ effort to break over the $0.00003 barrier would be crucial to SHIB’s subsequent rise above it.
Since Shiba Inu’s current consolidation range ends at the $0.000023 level, a breach of this level might trigger more falls that could aim for the $0.000019 level.
95.11 trillion SHIB were purchased in the range of $0.000023 to $0.000030 by 133,040 addresses at an average price of $0.000026, according to IntoTheBlock statistics, where SHIB is currently traded.
As of this writing, SHIB was trading at $0.000026, up 4% over the previous day.On the plus side, 143,710 addresses purchased 33.38 trillion SHIB at an average price of $0.000033, placing the next significant resistance for SHIB in the region of $0.000031 and $0.000037.
