Shiba Inu Up 24.4% to $0.00000820 – Where to Buy SHIB

Meme coins are among the best performing altcoins in the crypto market currently. Both dogecoin and Shiba Inu have made double-digit gains in the past 24 hours, and they are headed towards establishing new monthly highs. These gains are attributed to the ongoing crypto bulls across the broader market.

SHIB is trading at $0.00000820 at the time of writing after a 24.4% gain in 24 hours.

SHIB Price Analysis

SHIB has made a remarkable gain after failing to record new highs in the past week despite the ongoing crypto bulls. In the past 24 hours, SHIB has leaned on market support to make double-digit gains. It is currently on the way to breaking past last month’s highs.

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If the current upswing continues, we will see SHIB heading towards the $0.000009 levels, after which it could gear up for an even strong bullish trend past $0.00001. Most market signals show a strong buy; hence buyers could support bulls to achieve these high levels.

On the other hand, the crypto market is gaining as it did in mid-June before a sharp correction happened. Hence, there is a chance that Shiba Inu could retreat from the current levels and establish a bearish trend if market support fails. With this downtrend, we will see SHIB heading towards $0.000007.

SHIB dipped towards the end of July because of the massive losses on the ShibaSwap platform. The DeFi platforms total locked value dropped by almost 80% in two weeks, causing price cuts to SHIB’s value. However, the current slight recoveries in SHIB could also benefit this platform.

Meme coins have made massive gains this year, and because of this, various innovations surrounding these coins have sprouted. One of the recent innovations is the marketplace launched on Polygon to allow the sale of meme-based NFTs and tokens. This will have a positive effect on the value and popularity of meme coins.

Where to Buy Shiba Inu

To buy Shiba Inu during the current upswing, you can create an account on eToro. eToro is a leading and reliable exchange platform. It recently added SHIB to its list of tradable tokens. The platform is highly popular with both beginner and expert traders. It supports user-friendly features such as social copy trading, low fees and commissions.

Looking to buy or trade Shiba Inu (SHIB) now? Invest at eToro!

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