Shiba Inu Price is Not Going to $1 But These Coins Might
Shiba Inu price is slightly bullish, having gained more than 2% and more than 25% to trade at $0.000012. However, it is unlikely to reach $1 anytime soon, but there are other coins that may provide a good profit opportunity.
The Shiba Inu coin jumped to a new 6-week high today after it broke above a significant barrier of resistance. Likewise, Dogecoin continued its recent uptrend, reaching a new monthly high.
A recent tweet by the WhaleAlert tracking service revealed that the combined SHIB balance of the top 5,000 and top 100 whales on Ethereum had fallen below the $100,000 threshold.
According to recent data compiled by WhaleStats, the combined value of SHIB held by the top 5,000 and 100 whales is $94,297,394. Even after releasing large amounts of SHIB, whales typically held on to at least $122 million.
The current Shiba Inu price is $0.000012, and the 24-hour trading volume is $2 billion. Shiba Inu has decreased by 2.81% in the last 24 hours. With a live market cap of $6 billionCoinMarketCap currently ranks 13th. It has a total circulating supply of 549,063,278,876,302 SHIB coins.
Shiba Inu's upside potential remains strong, with an immediate target of $0.000014, and a break above this can extend the uptrend to $0.000017. In the meantime, support remains at $0.000012.
Since the RSI and MACD are both in the buy zone, investors should seek to make purchases of $0.000012 or more today. Whereas, a break below $0.000012 can expose Shiba Inu towards $0.000010 or $0.0000095 level.
Although Shiba Inu is experiencing a bearish correction and has a lower chance of reaching $1, the following three coins may outperform Shiba and reach $1 in the future.
In less than two weeks, the Dash 2 Trade presale has already raised more than $3.3
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