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SHIB Army Excited as Shiba Inu Rallies 30% During the Weekend - TheNewsCrypto

source-logo  thenewscrypto.com 15 August 2022 06:46, UTC
  • Dogecoin increased by about 8%, from $0.0771 to $0.0838.
  • Users of the Binance card will be able to use SHIB at over 60 million retailers.

Neither Shiba Inu (SHIB) nor Dogecoin (DOGE), two of the most popular “meme currencies” in crypto, took the weekend off. After starting the month at $0.000007911, SHIB skyrocketed to its all-time high of $0.00008 in October 2021. There has been a resurgence in activity for Meme coin Shiba Inu (SHIB). The current uptick in the price of Shiba Inu may be seen against the background of a large whale buildup.

SHIB/USDT: Source: TradingView

Meanwhile, Dogecoin increased by about 8%, from $0.0771 to $0.0838, as recorded by CMC. Early in June was the last time DOGE traded at a price of more than $0.08. Even though it started the year trading at $0.18 and peaked at $0.34 precisely one year ago today, the coin’s supporters would want to see it reach $0.10. Both currencies have been competing for market dominance in recent months, with a combined worth that is now above $10 billion.

Further Bullish Momentum Ahead

The price of Shiba Inu (SHIB) has risen lately because of a “cup-and-handle” breakout. A cup and handle is a technical chart pattern, where the cup is shaped like a “u” and the handle has a small downward drift. As a result, Shiba Inu has the potential for a further 50% increase from its present levels. The SHIB price may reach $0.00002253 by September 2022.

Shiba Inu has played a significant role in recent events. Binance’s European-issued payment cards now support SHIB as of last week. Users of the Binance card will be able to use SHIB at over 60 million retailers across the globe. Users will not incur any foreign exchange fees, but may also receive a cashback bonus of up to 8%.