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Shiba Inu’s Price May Rally Similar to XRP After Thursday

SHIB’s developer team has announced a critical upgrade for their game.The meme token’s price is expected to rally similar to how XRP rallied.SHIB’s price is...
Shiba Inu’s Price May Rally Similar to XRP After Thursday Shiba Inu’s Price May Rally Similar to XRP After Thursday
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  • SHIB’s developer team has announced a critical upgrade for their game.
  • The meme token’s price is expected to rally similar to how XRP rallied.
  • SHIB’s price is looking to break above the daily 9 EMA line.

The popular meme token, Shiba Inu (SHIB), launched its blockchain-based card game in Australia on September 17 this year. Since then, SHIB’s community has patiently awaited updates. As such, SHIB’s development team announced a critical update that will see the game’s development team focus on building out the game’s community and ecosystem.

This update is the result of feedback received from several players and is centered around improving the user experience in the game.

Similar to the price upsurge seen in XRP’s price, it is speculated that SHIB may have a price surge in the upcoming days. One event that is likely to ignite a SHIB rally will be the news shared on Thursday’s SHIB Community Update Spaces Event.

At the time of writing, the price of SHIB is trading at $0.0000108, following a slight 0.30% increase over the last 24 hours. Despite this, the price of SHIB has fallen 7.42% over the last week, according to the crypto market tracking website, CoinMarketCap.

The meme token is ranked as the 14th biggest project in the crypto space when it comes to market cap and has a market cap of approximately $5.93 billion. This ranks it below Polygon (MATIC) at number 13 and above Tron (TRX) at number 15.

Daily chart for SHIB/USDT (Source: CoinMarketCap)

SHIB’s price is attempting to challenge the 9 EMA line which is positioned below the 20 EMA line. However, the sentiment on SHIB’s daily chart is mostly bearish as the 9 EMA line is positioned below the 20 EMA line, the RSI line is positioned below the RSI SMA line, and the trade volume for SHIB is predominantly sell volume.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Shiba Inu’s Price May Rally Similar to XRP After Thursday appeared first on Coin Edition.

See original on CoinEdition

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30-09-2022 20:37:29 (UTC+7)

EUR/USD

0.9747

-0.0067 (-0.68%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

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EUR/USD

0.9747

-0.0067 (-0.68%)

Summary

Buy

Moving Avg:

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GBP/USD

1.1084

-0.0031 (-0.28%)

Summary

Buy

Moving Avg:

Buy (8)

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USD/JPY

144.60

+0.14 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

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AUD/USD

0.6475

-0.0024 (-0.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

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USD/CAD

1.3731

+0.0054 (+0.39%)

Summary

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EUR/JPY

140.93

-0.85 (-0.60%)

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EUR/CHF

0.9559

-0.0016 (-0.17%)

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1,674.15

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18.907

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3.4120

-0.0060 (-0.18%)

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Crude Oil WTI Futures

80.11

-1.12 (-1.38%)

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85.99

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6.735

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223.08

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Euro Stoxx 50

3,286.15

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S&P 500

3,620.97

-19.50 (-0.54%)

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DAX

12,015.45

+39.90 (+0.33%)

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FTSE 100

6,852.10

-29.49 (-0.43%)

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Neutral

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Hang Seng

17,222.83

+56.96 (+0.33%)

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US Small Cap 2000

1,666.80

-4.91 (-0.29%)

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IBEX 35

7,330.10

+30.00 (+0.41%)

Summary

Neutral

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BASF SE NA O.N.

39.355

+0.505 (+1.30%)

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Bayer AG NA

47.22

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Allianz SE VNA O.N.

160.82

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Adidas AG

117.01

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Deutsche Lufthansa AG

5.873

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Siemens AG Class N

99.76

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7.568

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    EUR/USD 0.9747 Buy  
    GBP/USD 1.1084 Buy  
    USD/JPY 144.60 ↑ Sell  
    AUD/USD 0.6475 ↑ Buy  
    USD/CAD 1.3731 ↑ Sell  
    EUR/JPY 140.93 Neutral  
    EUR/CHF 0.9559 Neutral  
    Gold 1,674.15 ↑ Buy  
    Silver 18.907 Buy  
    Copper 3.4120 Neutral  
    Crude Oil WTI 80.11 ↑ Sell  
    Brent Oil 85.99 ↑ Sell  
    Natural Gas 6.735 ↑ Sell  
    US Coffee C 223.08 ↑ Sell  
    Euro Stoxx 50 3,286.15 ↑ Buy  
    S&P 500 3,620.97 ↑ Sell  
    DAX 12,015.45 ↑ Buy  
    FTSE 100 6,852.10 Neutral  
    Hang Seng 17,222.83 ↑ Buy  
    Small Cap 2000 1,666.80 ↑ Buy  
    IBEX 35 7,330.10 Neutral  
    BASF 39.355 Neutral  
    Bayer 47.22 Neutral  
    Allianz 160.82 ↑ Buy  
    Adidas 117.01 Sell  
    Lufthansa 5.873 ↑ Sell  
    Siemens AG 99.76 ↑ Buy  
    Deutsche Bank AG 7.568 Buy  
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SJC Eximbank6,510/ 6,610
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