After registering an increase of 30% over the weekend, Shiba Inu is a social media sensation. SHIB reached a record high of $0.00001766, but then retraced to $0.00001575.
Shiba Inu, which was bullish at the time this article was written, still expects a higher price as analysts still forecast a rise in the next days.
Coinjournal provides insight and information on where SHIB can best be bought to assist new investors and traders looking for the coin.
Continue reading to learn more.
Why did the Shiba Inu prices soar over the weekend?
Investors and crypto traders are attaching the SHIB price rise to Shiba Inu’s metric This is causing a rise in SHIB’s burn rate. SHIB recorded a 27% spike on August 14. The burn rate was up by 85%. Up to date, SHIN tokens have been burned by the Shiba Inu Network worth more than $6.36 Million.
Binance announced that it had also added AVAX support to its European payment cards, giving Shiba Inu greater exposure on the European market.
We are delighted to announce that @binance SHIB has been added to the support tokens list for Binance Card Europe issued in Europe.
— Shib (@Shibtoken) August 5, 2022
Shiba Inu price prediction
Many crypto analysts believe that there will be a new SHIB Inu price spike in the days ahead, seeing as SHIB has broken free from its previous cup-and-handle pattern. The breakout has raised Shiba Inu’s prospects of registering a further price hike.
Most people expect the meme coin will experience a 50% increase in value by September, with a target price of $0.00002253.
The best places to buy Shiba Inu
eToro, one of the most popular multi-asset trading platforms in the world, offers some of the best commission and fee rates in this industry. Its social copy-trading features make it a great option for people just starting out.
SHIB today with eToro
Bitstamp is a popular cryptocurrency exchange that allows trading in fiat currencies as well as popular cryptocurrencies.
Bitstamp, a fully-regulated company, offers users an intuitive interface and high levels of security for digital assets. It also provides excellent customer support.
SHIB with Bitstamp now
Trends in social media for $SHIB
JUST IN: Shiba inu has flipped #Avalanche To become the 12th largest cryptocurrency by market value.
— Watcher.Guru (@WatcherGuru) August 14, 2022
— Shib (@Shibtoken) August 14, 2022