Shiba Inu Price Nosedives While Hot New Rival Coin Secures $860,000
As the Shiba Inu (SHIB) price nosedives at the start of August, a hot new rival coin has just hit $860,000 in an accelerating presale.
SHIB dipped close to 5% on Friday hitting its lowest levels since early June around $0.000015.
The price slide comes after weak US jobs data rattled global markets and triggered a rise in recession fears.
Chart analysts suggests SHIB’s near-term prospects are looking very downbeat.
The meme coin found strong resistance at its 50 and 200DMAs in mid-July.
This sent a strong signal that the bears are in control of the market.
A near-term retest of support in the $0.000012 area is very likely.
While Shiba Inu craters, an exciting new rival coin called Shiba Shootout (SHIBASHOOT).
Shiba Shootout is a Wild West-themed play-to-earn (P2E) meme coin.
And its P2E game has already been approved on Google Play and the Apple App Store. Its release is imminent.
To power its ongoing development and marketing endeavors, Shiba Shootout is conducting a presale of its native SHIBASHOOT token.
And demand is strong, with investors having already ploughed over $860,000 into the new rival coin.
BOOM!!!
Read more on cryptonews.com
