MEME COINS:

Meme coins or tokens are that cryptocurrency that is started as jokes and although they have working Blockchain the meaning behind them seems nothing. The main feature of these meme tokens are:

• Enormous amount of total supply of tokens.
• Vey very small value in $.
• FULL OF FOMO when pumping.
• When the market crash, they are the ones that dump 95$. (Literally, I have seen few projects going down by 99% lol.)
• Also, in almost all of them you can see a huge amount of supply in one or few wallets.

KING OF MEME COIN:

When it comes to the meme coin, the KING of the Meme Coin is DOGECOIN. I guess every one of you has heard about the DOGECOIN BEFORE and the impact ELON MUSK HAS ON DOGECOIN. He mooned the coin from trash to the diamond store. The DOGECOIN become the first cryptocurrency that mooned 100X without any improvement or development or any other updates.

AND HERE COMES THE SHIBA INU:

Shiba Inu is also the name of DOG, So yes it is also the Meme Coin and it has raised one of the biggest FOMO into the crypto market once it launched and get listed in the Biggest exchange of the World namely: BINANCE AND HUOBI. I don't know what comes after the trillion. So you have to know how much is the total supply of the token by yourself. PLEASE COMMENT BELOW ON THE SUPPLY OF THE TOKEN. THANK YOU!

WHAT DOES SHIBA INU OFFER?

Shiba Inu is a token which means it works on the Blockchain which it doesn't have on its own and right now it is working on Etheruem Blockchain. Because of being an ERC-20 token, it do support NFT and DEXes. They were also planning for their own swap named SHIBA SWAP. There is a website name Shiba swap but I don't know it is their project or is a fishy site. There is nothing else to talk about the project more than that. SO, Now let's move to everyone's favorite part. SHIBA INU TO THE MOON. FOR MORE INFORMATION ABOUT SHIBA INU AND ITS GUIDE LOOK AT THE ARTICLE FROM @forexbrokr at this link:Shiba Inu Guide

FIRST WE HAVE TO LOOK FOR THE SHIBA INU PAST PRICE ACTION:

HOLY MOLY. WHAT WAS THAT? SHIBA INU was supposed to goto 1$. It dumped by 88%. HAHA just kidding. But the last part is right. SHIBA INU dumped by nearly 88% from its ALL-TIME HIGH and the price history of the coin looks really terrible.

WHAT PRICE IS DOING RIGHT NOW?

You can look into the chart, the price of SHIBA INU has stucked into the demand zone and is facing a really bad time to break it out.

The major levels to look for are as below:

• 0.00000920$ (THERE ARE 5 ZEROES AFTER THE POINT. I AM SURE SOME OF YOU WILL HATE COUNTING THOSE ZEROES)
• 0.00000621$
• 0.00000563 $
  The last two ones are the Support Zone for the price right now and the major resistance that we can look for right now is the first one which ranges from: 0.000009$ to 0.00001$.

DEMAND ZONE:

The major neckline is the picture above, you can see the major resistance and once it breaks the major price movement and the artificial FOMO will start for the shit coins. These types of demand zones take a huge time to break and liquidity needs to be big with good buy volume. How does that happen will be talked into the later portion?

SO, WHAT IS STOPPING FROM SHIBA INU FROM MOON?

Elon Musk Tweets? Dogecoin slow movement? Yes all of them have few effects on the SHIBA INU too. For quite a long time, there have been no tweets from Elon Musk regarding the DOGECOIN because of the same thing the DOGECOIN is showing one of the slow performances after the USDT in TOP 10 crypto.

Dogecoin has to move for the SHIB INU to move.

Just like on other altcoins, the money flow happens after the ETHEREUM TO THE mid-cap and too low cap currency. In shit coins or meme coins, the money from dogecoin needs to flow to the SHIBA INU and to the rest of the other shit coins. The returns are massive according to the risk they have. I am sure those who can dump by 100% will have massive massive massive returns. But remember they can dump 100%. Yes, you invest 100$ and the next day everything is in thin air. GENERALLY, IN the bull money flow to the shit coins and meme coins happens at the end of the last portion so be sure to understand that if you are aiming for these try to accumulate before it breaks the demand zone. You know once the FOMO starts for them, they double every other week or even day.

SHIBA INU TO THE MOON?

If we look at the Shiba Inu to the moon status. And calculate the profit it will be around 500%. Yes, the ALL-TIME HIGH OF THE COIN is 0.00005$ and from the current price, it is around 500% up. There can be the price discovery mode for the SHIBA INU after crossing ATH but I don't think that much big from it right now.

SHOULD I BUY SHIBA INU NOW?

If you are those who like meme coin and crypto to the moon, then you can take a look at the coin which has no meaning behind it, and can compare the RISK AND REWARD potential. Buying at several levels will be a good idea in my view and look for targets in several levels will be a good idea too because the price sustainability of such coins is really small at the peak. Please read the disclaimer too.

PERSONAL OPINIONS:

Personally, I neither like the meme coin nor hate them. I have no opinions to give them for. I had a few hundred DOGECOIN and after it skyrocketed I burned them by sending them into unknown wallets because I had bought them when it was nothing and under pennies and I think it is a bad idea to dump them to the unknown beginners at such a peak. I may sound stupid but it wasn't my investment for profit and I wouldn't have been millionaires by selling them. SO, I burned them haha.

THEN WHY DO YOU WRITE ABOUT SHIBA INU?

It was because I found out about the article from @hitmeasap . The search volume for SHIBA INU is one of the top and people are really looking for the content about it and I think I should write about it in a couple of words as far I know. I would like to thanks: @hitmeasap for the topic idea.
LINK TO HIS ARTICLE ABOUT KEYWORDS IS HERE. THANKS FOR READING! @ridam

Posted Using LeoFinance ^Beta