harrie blaze
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Shiba Inu's $0.000010 price is rising today as a result of the general crypto market upswing and a favorable fundamental factor.
What is raising the price of SHIB?
On August 9, the SHIB price increased by almost 5.75% to $0.00001005, continuing a trend of price growth that began two days earlier. Overall, the price has changed directions by about 15% since hitting a low of $0.0000947 recently.
These gains were significantly boosted on August 8 when BitPay, a company that processes cryptocurrency payments, unveiled "Bill Pay", a new service that lets cryptocurrency users pay bills directly from their wallets.
One of the many tokens listed in the service is Shiba Inu, which may have enhanced its upside potential among traders on August 9. Additionally, the token may have risen as a result of the cryptocurrency market's overall gains, driven by expectations for the approval of a spot Bitcoin ETF in the United States.
Altcoin prices have increased in tandem with the price of Bitcoin, which has increased from its recent market low of approximately $28,650 to $29,895.
Shiba Inu whale populations rising!
Most of Shiba Inu's wealthiest addresses have accumulated SHIB tokens during its price recovery over the last two days, according to data found on the blockchain.
Notably, the 100 million–1 billion SHIB address cohort (green) has increased slightly since August 7, while the 1 billion SHIB address cohort (royal blue), which contains 96.5% of the entire SHIB supply in circulation, has decreased slightly since that date. Price prediction for Shiba Inus in August 2023 Shiba Inu is currently trading close to levels that last caused market selloffs, according to fractal analysis. Notably, the SHIB price has begun to reverse to the downside after encountering resistance in the $0.00001052-0.00001003 range. The SHIB daily relative strength index (RSI), which hovers around its overbought level of 70, provides these signals with additional downside cues.
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What is raising the price of SHIB?
On August 9, the SHIB price increased by almost 5.75% to $0.00001005, continuing a trend of price growth that began two days earlier. Overall, the price has changed directions by about 15% since hitting a low of $0.0000947 recently.
These gains were significantly boosted on August 8 when BitPay, a company that processes cryptocurrency payments, unveiled "Bill Pay", a new service that lets cryptocurrency users pay bills directly from their wallets.
One of the many tokens listed in the service is Shiba Inu, which may have enhanced its upside potential among traders on August 9. Additionally, the token may have risen as a result of the cryptocurrency market's overall gains, driven by expectations for the approval of a spot Bitcoin ETF in the United States.
Altcoin prices have increased in tandem with the price of Bitcoin, which has increased from its recent market low of approximately $28,650 to $29,895.
Shiba Inu whale populations rising!
Most of Shiba Inu's wealthiest addresses have accumulated SHIB tokens during its price recovery over the last two days, according to data found on the blockchain.
Notably, the 100 million–1 billion SHIB address cohort (green) has increased slightly since August 7, while the 1 billion SHIB address cohort (royal blue), which contains 96.5% of the entire SHIB supply in circulation, has decreased slightly since that date. Price prediction for Shiba Inus in August 2023 Shiba Inu is currently trading close to levels that last caused market selloffs, according to fractal analysis. Notably, the SHIB price has begun to reverse to the downside after encountering resistance in the $0.00001052-0.00001003 range. The SHIB daily relative strength index (RSI), which hovers around its overbought level of 70, provides these signals with additional downside cues.
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