Home Others Crypto Shiba Inu price surge predicte...

Shiba Inu price surge predicted by crypto expert


Shiba Inu price surge predicted by crypto expert

WienerAI is causing a sensation, with a $7 million presale triumph and a crypto specialist's endorsement.

Memecoins continue to be the most talked-about cryptocurrency niche, with two unexpected players generating a lot of interest.

A recent prediction by a cryptocurrency specialist has investors excited about Shiba Inu's (SHIB) upcoming move. The expert is also keeping a close eye on WienerAI (WAI), a rapidly growing company that has raised over $7 million in presales. However, there is a catch.

Shiba Inu has been subjected to abuse. The price of the memecoin fell to $0.000013 in the last day, a 13% decrease.

Not only that, but SHIB has dropped 26% since last week. It seems that the token is about to mark its fifth consecutive week of closing in red. This may be the worst week for SHIB in more than a year, if that wasn't already harsh enough. Now, it is trading at lows not seen since the beginning of March.

However, the damage doesn't end with the cost. The amount of open interest has decreased as well, to just $33 million.

The decrease in open interest shows that traders lack trust and are withdrawing from the token, at least for now. But in spite of all of this negativity, spot volumes rose by 77% in the previous day.

It's definitely a conundrum. These increasing volumes can indicate opportunistic buying or traders trying to "catch a falling knife."

Business News

Recommended News

Latest Magazine