Crypto’s Hottest Bitch: Meet Shibie Coin, A Barbie-Shiba Inu Spreading Sass and Bite on the Blockchain
The Shiba Inu ecosystem has seen tremendous growth in the past months, with multiple developments introduced to boost community engagement and add utility to Shiba Inu.
These developments and events, such as massive token burns and whale alerts, have contributed to the SHIB token's current position as the 14th cryptocurrency by market capitalization.
Shiba Inu needs help to maintain its position as an icon in the meme ecosystem. However, its price has declined over 3% in the last 24 hours, leaving investors wondering what will happen in the following days.
Sensational Shiba Inu Rival Seeking to Break SHIB's RecordDespite several community efforts to boost Shiba Inu's price, the token still trails over 90% below its all-time high recorded during the 2021 bull run.
Nonetheless, Shiba Inu is still the first runner-up in the meme community after Dogecoin and sets the pace for upcoming meme projects, with over 10,000,000% from its all-time low.
This feat has secured SHIB a long list of rivals looking to break its historical records and emerge as the top-performing meme coin. Among these is Shibie Coin, a dog-themed meme token seeking to combine Shiba Inu's spirit and Barbie's charm to unravel a new meme narrative.
But while Shibie Coin seeks to draw in investors with her charms, Shiba Inu remains determined to rebound to its all-time high.Let's explore Shiba Inu's price movements in the past weeks and how Shibie plans to overtake its flagship meme ancestor.
Shiba Inu Price Performance in the Last Seven Days; Time to Soar Higher?Although Shiba Inu has lost most of its past weeks and month gains, it retains over 7% seven-day price increase and nearly 9% 30-day value growth. But SHIB has slumped from its day peak of $0.000008558 to $0.000008254, a nearly 4% decline in the last 24 hours.
Also, Shiba Inu's trading volume has declined nearly 5% and is approximately $145.8 million. The decline in trading volume suggests that buyers are leaving the market.
SHIB Indicates Bearish Momentum on its Daily Chart
Source: Tradingview.comFrom the chart above, SHIB is trading below the 50 and 200 Simple Moving Averages (SMA), demonstrating a bearish momentum in the long and short term.
Also, the Moving Average Convergence/Divergence (MACD) is below the signal line with red histogram bars, which confirms the bearish momentum depressing Shiba Inu's price today.
In addition, the RSI is at 25, below the oversold region, a sign of increased selling pressure as most traders must have engaged in panic selloffs due to the meme token's prolonged downturn.
However, the histogram bars are fading, and the bulls are starting to regain momentum as they form green histogram bars below the SMA, preparing to facilitate an upward reversal for SHIB.
SHIB might enjoy a brief rally towards $0.0000085 if the bulls succeed. Otherwise, expect more bearish momentum in the coming days.
Shiba Inu Surpasses Key Support, Ready to Conquer Key Resistance Levels
Source: Tradingview.comShiba Inu found support at three key price levels: $0.0000813, $0.00000823, and $0.0000829. The above chart shows that SHIB has broken off these support levels but met stiff resistance at $0.0000037.
However, Shiba Inu remains bullish as the buyers struggle to move prices further, targeting the $0.00000837 resistance, confirmed by the six green candlesticks between the $0.00000829 support zone and the $0.00000837 resistance.
Shiba Inu could rally above $0.00000840 if they break the resistance zone, targeting the $0.00000848 resistance level.Conversely, failure to surpass this level could see SHIB returning to $0.00000829, empowering the bears for more downturns.
Recent Developments in the Shiba Inu EcosystemThe Shiba Inu ecosystem anticipates the official unveiling of the Shibarium eminent, a layer-2 scaling solution on Ethereum poised to boost SHIB's price through token burning.
With Shibarium, 75% of BONE tokens from all transactions will be converted to Shiba Inu tokens and burned to create scarcity, supporting Shiba Inu's price ascent.
Anticipation has heightened following Shiba Inu's pseudonymous developer, Shytoshi Kusama's blog post, where he disclosed that Shibarium's unveiling could happen at the ETHTronton event held in Toronto, Canada, from August 15-16, 2023.
Kusama's post sparked speculation among Shiba Inu enthusiasts who have earnestly anticipated the launch. Many say the Shibarium launch will facilitate massive rallies for Shiba Inu while expanding the SHIB community.
Moreover, the Shiba Inu community have demonstrated their commitment to boosting the meme coin's price by burning billions of token monthly. The latest data from Shibburn noted that over 2 billion SHIB tokens went into the burn wallet in July.
Meanwhile, Shiba Inu's price action in the past 24 hours does not reflect these developments, as the token continues dancing to the bears' tune.
Shibie Coin Emerges to Allure Investors with Its Charms, Injecting Humor to Cheer Shiba Inu InvestorsShiba Inu favored early investors who amassed six-figure gains when the meme coin surged in October 2021. Shiba Inu rapidly rose to the limelight, garnering massive investor interest with a large, sturdy community.
However, the story has changed for newer investors as the token overturns previous gains.
But Shibie Coin ($SHIBIE) has come to cheer the gloomy market as investors brood over Shiba Inu's underperformance despite several burning sprees to support price actions.
With its community-driven approach, $SHIBIE revolutionizes crypto ethos while offering investors the opportunity to diversify into low-cap coins with high upside potential like SHIB's early days. SHIBIE seeks to recreate Shiba Inu's early days with massive returns for investors bullish enough to get in early.
Shibie Coin will blend Shiba Inu's community spirit with the iconic Barbie aesthetic to create a unique narrative without compromising the meme culture. The SHIBIE team says it's more than just a meme coin.
According to the team:
Shibie is not your average coin, [...] she is a dog with a mission, born from a saucy late-night encounter between a Shiba Inu and a Barbie doll." As the sun sets, our Shibie prances onto the scene, ready to spread her sass across the blockchain," the team added.
The sensational meme crypto chases after every opportunity with relentless efforts, exploring all avenues to grow its community and establish itself atop the meme ladder. After its ongoing presale, its catchy tokenomics points towards a straight roadmap to success.
SHIBIE Reading to Captivate Investors with Alluring RoadmapShibie, the Dog with the Barbie persona, hits the crypto world with features that cannot be overlooked.
In what seems like the token's motto, Shibie is referenced to strut her stuff into the crypto world, with her sassy and charismatic personality quickly capturing the community's attention.
Shibie's unique origin story and playful demeanor make him a standout character in the blockchain space. Crypto enthusiasts are intrigued by $SHIBIE'S chew-tastic" approach and are eager to see what it brings.
Shibie Coin's whitepaper reveals a total supply of 10 billion $SHIBIE tokens. The distribution includes 60% for the ongoing presale, 20% for DEX liquidity, 10% for CEX listings, and 5% each for marketing activities and the development team. This tokenomics structure aims to promote engagement and community involvement.
Also, the presale is just the beginning for $SHIBIE, as its roadmap outlines an ambitious move. With planned primary CEX listings, the token aims for significant expansion, leading to a diverse user base and making its mark in the meme coin market.
Increased trading volume from CEX listings will boost liquidity, reduce price volatility, and generate more market interest. Hence, solidifying $SHIBIE's position upon its exchange debut.
Furthermore, $SHIBIE prioritizes active marketing to make the token prominent among investors. The team intends to introduce an AI-powered Telegram bot, adding playfulness and offering valuable insights to the community.
These comprehensive plans demonstrate the developers' commitment to long-term growth, a rarity in the meme coin market.
Shibie Coin Is Presenting Appealing Investment Opportunity with Presale Hard Cap Under $1 Million; Too Early to Join?The Shibie Coin ($SHIBIE) is gearing up for a fair and inclusive presale, setting a low hard cap at just $999,999Considering the momentum with which the presale progresses, Shibie Coin ($SHIBIE) could follow Shiba Inu's paw print, even surpassing it when it finally graces major crypto exchanges.
Each $SHIBIE token is priced at $0.00167 during the presale, attracting newcomers and experienced crypto enthusiasts to the 6 billion token distribution.
This accessible entry point allows everyone to be part of the exciting Shibie Coin project from the beginning. Already, the presales have raised over $23,000 in a few hours of opening, and the remaining seven days could attract even more.
The carefully designed presale is not only an excellent investment opportunity but also serves to lay a solid foundation for $SHIBIE's future DEX launch.
To participate, early investors can purchase $SHIBIE using either $ETH or $USDT, and the minimum investment required is 100 tokens, which is less than two cents.
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