As of right now, Shiba Inu is simply a payment coin — and there’s nothing special or differentiated about a digital token that’s used to pay for goods and services.
Read moreCan Shiba coin hit a penny?
If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen .
Read moreWhat is happening to Shiba coin?
The SHIB token is currently down roughly 66% from the lifetime high it hit at the end of October . After the last day of sell-offs, the coin now has a market capitalization of roughly $15.9 billion, and it ranks as the 14th largest cryptocurrency by valuation.
Read moreWhy is Shiba Inu coin dropping?
Shiba Inu is dropping because the whole cryptocurrency market is in the bear run , said Nitish Sharma, Global CEO, TP Global FX. “Cryptocurrency is just like any other trading market where you will have a bear and a bull run.”
Read moreWhat is Shiba RSI?
The RSI is a line graph that moves between two extremes and has a reading from 0 to 100 . Traditional usage of the RSI is that: RSI values of 70 or above indicate that an asset is becoming overbought and prime for a trend reversal or experience correction in the asset – Shiba Inu (SHIB) – USD price.
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