Arslan Butt
Shiba Inu price prediction remains bearish, as SHIB has breached a triple bottom support level of $0.0000089, which is now acting as resistance. SHIB/USD opened at $0.00000910 on December 12. SHIB/USD is currently trading at $0.00000888, having reached a high of $0.00000911 and a low of $0.00000844. 3.48% has been deducted from the price in the last 24 hours.
Furthermore, SHIB/USD fell by more than 5% in the previous week.
Shiba Inu adds 600 New Addresses Daily
Despite its struggle to achieve a significant rise, the number of holders demonstrates that investors are interested in SHIB.
SHIB adds over 600 new holders daily in December after November’s slump#SHIB #shibainu pic.twitter.com/g2mmlgu534
— Rose Coin (@RoseCoin96) December 12, 2022
On December 12, for example, SHIB had 1,258,647 holders. It represents an increase of approximately 7,083 holders over the 1,251,237 holders reported at the start of the month. According to Etherscan data, SHIB gained an average of 643 new holders per day in December.
Shiba Inu Holders Rise By Over 7,000 After Nov Exodus As Whales Keep Faith – SHIBA INU ( $SHIB /USD) https://t.co/m8t0KEjPrh
— Lucie (@LucieSHIB) December 12, 2022
SHIB holders are working hard to recover from a significant drop in November. For example, the asset lost approximately 9,000 investors in the final week of November.
Furthermore, the SHIB/USD price has mostly fluctuated in the negatives in December, and the asset has struggled to find a bottom that would kickstart an upswing.
WAGMI Temple of SHIB Metaverse
The Shiba Inu (SHIB) Metaverse developer team revealed the first look at the WAGMI (We’re All Gonna Make It) Temple, the first in a series of HUBs, on December 9.
#Shibarmy We're happy to show our first screenshots of WAGMI Temple from SHIB: The Metaverse, built in Unreal 5. $SHIB $LEASH $BONE pic.twitter.com/QstzsWtuCX
— Ryuji Himode 竜児日出 (@realryujihimode) December 9, 2022
In August, the team presented the conceptual art and sources of inspiration for WAGMI Temple. Three months later, the SHIB Army will have the opportunity to experience what it’s like to be inside the next SHIB: The Metaverse.
The WAGMI Temple’s calming river, captivating garden, and pink lotus flowers represent the essence of Asian philosophy. In addition, the metaverse Silver Fur LAND giveaway continued Shiba Inu’s Discord’s cozy Holiday Fireside Dialogue.
GIVEAWAY ALERT$SHIB the Metaverse Team will be giving away a Metaverse Silver Fur Land in tonight's fireside chat !
— $SHIB BPP (@ShibBPP) December 8, 2022
The development team also revealed plans for 2023 and provided an overview of all conceptual artwork revealed this year. Shiba Inu began as an ERC-20 coin and is gradually evolving into its own ecosystem.
Given that retail investors prefer meme currencies, the moves could boost coin adoption globally. Furthermore, the success of the Web3 initiative is critical to the development of the Shiba Inu Ecosystem.
Shibarium Layer-2 upgrade and SHIB: Metaverse development may have a positive impact on SHIB/USD value.
A Whale Bought 2.8T SHIB Tokens at Once
In a single transaction, a prominent Shiba Inu whale purchased a record 2.8 trillion SHIB tokens. Taking into account the SHIB value at the time of purchase, the total price came to $26.12 billion.
On November 9 and 10, the whale also purchased SHIB tokens worth nearly $2.3 million.
2.8T SHIB Tokens Purchased For $26.12 Billion In One Transaction. Imagine if this whale bought #HEX or #PLSD or anything in the Hex ecosystem. This just shows it takes 1 buy to change people's lives. This purchase hardly moved the #SHIB price. #Crypto #Cryptocurency #Dogechain pic.twitter.com/PqFNe919Oq
— Hexologest Hart (@n884lfe) December 10, 2022
However, because SHIB/USD is falling, the meme coin’s state remained unsuitable even after the transaction.
Shiba Inu Price Prediction – Daily Technical Levels
Support Resistance
0.00000900 0.00000924
0.00000891 0.00000939
0.00000876 0.00000948
Pivot Point: 0.00000915
Shiba Inu Price Prediction
The SHIB/USD is trading bearish after breaching the $0.0000089 double bottom support level. Shiba Inu is likely to move towards $0.00000844 or $0.00000828 if candles close below this level.
Shiba Inu Price Chart – Source: Tradingview
While the resistance remains at $0.00000894, the next resistance for SHIB is at $0.00000938.
Let’s take a look at several alternative coins with enormous upside potential!
Dash 2 Trade (D2T)
D2T is one of the most essential new cryptocurrency projects of 2022 due to the team’s awareness of what cryptocurrency traders and investors demand in today’s market. Dash 2 Trade’s capabilities and features can assist traders make better-investing selections by speeding up the asset selection process.
The project will be listed on the BitMart and LBank exchanges following the presale. The platform is nearing the end of its final stage, despite the fact that the presale is still in its early phases.
The native token of the platform, D2T, will be utilized to pay for platform services as well as participate in community events and tournaments. The sale of cryptocurrencies has already raised almost $9.2 million.
RobotEra (TARO)
In RobotEra, active and passive money can be earned through completing missions and participating in community events such as concerts, planting holy trees, mining, staking, and a variety of other activities. Lbank Labs has also provided financial and advisory support to the program to ensure its success.
The RobotEra pre-sale began on November 9. It is one of the most popular presales for 2022, and it acts as the multiverse’s currency. If you have USDT or ETH in your wallet, you can buy tokens directly.
Currently, 0.020 USDT equals 1 TARO. The first presale will end soon, with a $0.025 price increase. The platform’s native cryptocurrency, TARO, is now on presale and has raised more than $528,800.
Calvaria (RIA)
Calvaria, a free-to-play game, defies traditional pay-to-earn gaming by giving users NFTs as soon as they sign up. As a result, neither financial nor technological resources are required for game participants. By making it easier for investors, the network hopes to accelerate the adoption of Web3b gaming. The high barrier to entry for non-crypto gamers is one of the main reasons Web3 games haven’t taken off more widely.
Calvaria intends to address this issue by granting non-crypto players access to all game features. Calvaria rewards players for competing using trade cards or NFTs. The RIA ERC-20 token will power the Calvaria ecosystem. It is the governance token for the platform. Investors were very interested in Calvaria’s early-round crowdfunding.
The first four stages of its presale were quickly sold out, and stage five is nearly 70% sold out. Investors who want to buy 30.77 RIA tokens for USDT 1 must act fast before the presale ends. Calvaria has raised approximately $2.4 million since the start of the presale. When stage 5 is completed, the total project funding will be $3,075,000.
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- Also Listed on Bitmart, Changelly, LBank, Uniswap
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This article was written for Business 2 Community by Arslan Butt.
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