Will 'Dogecoin Killer' Shiba Inu Surge 500% Soon? Technical Analysis Says It Could, But The US Government Plays A Crucial Role
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) may experience a significant rally, with technical analysis suggesting a potential 498% increase. However, the U.S. government's holding of 54.9 billion SHIB could impact the market if offloaded. Recent developments include a new 'Security Score' feature and ShibTorch for token burning.
August 19, 2024 | 12:47 pm
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Shiba Inu (SHIB) is poised for a potential 498% rally based on technical analysis, but the U.S. government's significant SHIB holdings could influence market dynamics if sold. New features like 'Security Score' and ShibTorch aim to enhance the ecosystem.
Technical analysis indicates a bullish pattern for SHIB, suggesting a potential price surge. However, the U.S. government's large SHIB holdings could affect the market if they decide to sell. The introduction of new features like 'Security Score' and ShibTorch could positively impact SHIB's ecosystem and investor confidence.
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