

If you are unsure, seek independent financial, legal, tax and/or accounting advice. Investing is not suitable for everyone ensure that you have fully understood the risks and legalities involved. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance is not an indication of future results. When trading in stocks your capital is at risk. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. The original meme-coin is now trading at $0.53, with an uptick in sentiment likely to see it retest recent peaks. Meanwhile, Dogecoin price is looking to rise again after rallying above the $0.50 resistance line. On the contrary, a spike below the horizontal support line at $0.000031 could open up room for more decline towards lows of $0.000023.

The positive outlook is supported by the hidden divergence suggested by the MACD and the steadying RSI that is looking to rise above the equilibrium point. If the SHIB price rebounds above $0.000033, there is potential for it to reach $0.000037 and then $0.000040. The pair broke below a horizontal support line at $0.000031, with bears revisiting lows of $0.000027 before an upside above $0.000032. SHIB price is looking to rebound towards $0.000033 after facing massive selling pressure, as seen on the 15-minute chart of the SHIB/USD pair on crypto exchange FTX. SHIB/USD price on a 15-minute chart on FTX. However, things like $DOGE, $SHIB, #SafeMoon take away the spotlight from the decentralized future we're trying to build.Īnd 90% of the people will lose money on it. But after fueling the price action to highs of $0.00040, traders are likely to dump for profit.Ĭrypto analyst Michael Van de Poppe has cautioned that projects such as SHIBA INU can only “hurt” the market.Įveryone should do what they want to do, when they want to do that.

SHIB spiked largely due to the huge interest in the token (the reason Binance decided to list it). All 100 percent of the 1 quadrillion (1,000,000,000,000,000) tokens are already in circulation. According to Binance, SHIB was a fair launch, meaning no team tokens are held. The ERC-20 token is native to the ShibaSwap DEX protocol and is used to incentivise users. The token’s value has however declined slightly over the past 24 hours, with prices currently about 50 percent up on the day and 1,700 percent over the past week. The SHIB token had rallied a monstrous 2,000% over the past week, with most of the crazy buying coming after the coin got listed on the crypto exchange BinanceĭOGE-inspired SHIBA INU (SHIB) saw an uptake in the market to send its value vertical by nearly 2,000 percent in the past week.
