What is Shiba Inu Coin?
Shiba Inu Coin (SHIB) is a decentralized cryptocurrency that is based on the Ethereum blockchain. It is a meme-based token that was created as a parody of the popular Dogecoin token. The coin was launched in August 2020 and has since gained a lot of attention from the crypto community. The coin has a total supply of 1,000,000,000,000 SHIB and has a current market cap of over $7 billion.
Shiba Inu Coin Explosion Imminent
The Shiba Inu Coin has been gaining a lot of attention lately, with many investors and traders speculating that the coin is about to experience a massive price surge. The coin has been on a steady rise since its launch and is now trading at around $0.0077. The coin has also seen a huge surge in trading volume, with over $213 million worth of SHIB traded in the last 24 hours. This surge in trading volume is a sign that the coin is about to experience a massive price surge.
Bone & ShibaSwap Ready to Skyrocket 100X
The Shiba Inu Coin has also seen the launch of two new platforms, Bone and ShibaSwap. These platforms are designed to allow users to easily trade SHIB tokens and other tokens on the Ethereum blockchain. Both platforms have seen a huge surge in trading volume, with over $1 billion worth of SHIB tokens being traded on ShibaSwap in the last 24 hours. This surge in trading volume is a sign that the Shiba Inu Coin is about to experience a massive price surge.
Background of Shiba Inu Coin
Shiba Inu Coin (SHIB) is a decentralized cryptocurrency launched in August 2020. It is based on the Ethereum blockchain and is designed to be used as a decentralized digital currency. The token has a total supply of one quadrillion, and a circulating supply of 589 trillion SHIB coins. It has a market cap of over 4 billion, making it the 18th most valuable cryptocurrency.
Shiba Swap and Bone
Shiba Swap is an automated market maker (AMM) built on the Ethereum blockchain. It is designed to facilitate the trading of SHIB tokens, and is the first decentralized exchange (DEX) to offer a SHIB/ETH trading pair. The platform also supports the trading of other ERC-20 tokens.
Bone is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. It is designed to provide users with a platform to earn interest on their cryptocurrency holdings. The platform also supports the trading of SHIB tokens, and is the first DeFi protocol to offer a SHIB/ETH trading pair.
Unicoin Joins the Ranks
Unicoin, a prominent cryptocurrency trading platform in India, initiated a Twitter poll in May 2021 to gather user feedback regarding the next asset to be added to its platform. The poll offered three choices: Pepe, Floi and Bone. With just 9 hours remaining before the poll concludes, Bone has emerged as the clear front runner in the competition, garnering an impressive 84.7% of the total votes. In stark contrast, Pepe is struggling to gain traction, receiving a mere 7.2% of the vote, while Floi lags behind with a modest 5.9% of all the votes. Unicoin has since joined the ranks of Indian cryptocurrency exchanges supporting Bone, becoming the fourth in line after Sun Crypto, Flit Pay and Gatus.
The Future of SHIB
The growing popularity of SHIB tokens and the increasing demand for Bone and Shiba Swap are indicative of the potential for SHIB to skyrocket in the near future. With the Unicoin poll set to conclude soon, it is likely that the SHIB token will experience a surge in price as more exchanges join the ranks of those supporting the token. This could lead to a SHIB explosion, with the token potentially skyrocketing 100x in value.
The Shibba Enu Community
The Shibba Enu Community has been a major driving force behind the token’s success, with the token receiving overwhelming support from the community. This is evident from the fact that the token was voted many more times than Pepe coin in the spring of this year. This is indicative of the strong belief the community has in the token and its potential to succeed.
The Ecosystem Token
The Ecosystem Token for Shibba Enu appears to be on the verge of a significant resurgence, with indicators suggesting a potential 160% increase from its current value of 77 cents per token. This optimistic outlook is rooted in a discernable pattern on Bone’s price chart, where historical data consistently reveals remarkable growth when the token hovers around the 70 cents mark.
The Historical Price Chart
A closer look at the historical price chart highlights the current price level as a significant support zone for Bone. A level it has consistently rebounded from and maintained in the past, most notably the last time the token touched this price range it initiated a remarkable 160% surge spanning two months from June to July. This surge isn’t an isolated incident, it echoes a similar historical precedent set just a year ago, in the previous November Bone exhibited a comparable pattern catapulting from its current price level to 1.90 per token. This recurring trend indicates that whenever this Shibba Enu token has traded at this price point in the past, it has consistently experienced substantial price growth in the following months.
Bullish Divergence
Adding to the confidence in this forecast is the bullish divergence apparent on the Relative Strength Index (RSI) chart, a trend that has remained in effect for the past two months. This suggests that the token is currently in an accumulation phase, with buyers taking advantage of the current low price to acquire more tokens. This is further supported by the fact that the token’s market cap has been steadily increasing over the past few weeks, indicating an increase in demand for the token.
The Relative Strength Index
The Relative Strength Index (RSI) is a popular tool used by traders to measure the strength of a cryptocurrency. It is a scale from 0 to 100 that helps traders make decisions by showing if a cryptocurrency is overbought or oversold. If the RSI is above 70, it may indicate that the cryptocurrency is overbought and a price drop may be imminent. Conversely, if the RSI is below 30, it may indicate that the cryptocurrency is oversold and a potential price increase may be on the horizon.
Bullish Divergence
The bullish divergence between the token’s price and the RSI has foreshadowed significant price surges in the past. This marks the third occurrence of such a pattern on the Bone price chart, indicating that a remarkable 160% growth is likely. Although past performance and price charts cannot guarantee future outcomes, they do provide valuable reference points for understanding potential future movements.
Shibba Swap
Shibba Swap is a decentralized exchange (DEX) that belongs to the Shibba Inu Coin project. It is a popular meme coin and a major competitor to Dogecoin, and has gained immense popularity in the last year and a half. Unlike centralized platforms like Binance and Coinbase, DEXs enable users to exchange tokens directly without the involvement of a middleman or counterparty.
Shibba Swap was launched in July 2021 and offers a variety of features commonly found on decentralized exchanges, including token swapping and liquidity pools. It also offers additional features such as staking, governance, and a non-fungible token (NFT) marketplace.
Traders should keep a close eye on the compelling pattern of the bullish divergence between the token’s price and the RSI, as well as the features of Shibba Swap, as it could lead to a significant price surge.
Shiba Inu Coin Explosion Imminent
The Shiba Inu Coin (SHIB) is set to experience a massive surge in value, with the Bone and Shibaswap tokens ready to skyrocket by up to 100x. This is due to the introduction of Shibba Swap, a decentralized exchange platform that is governed by the Bone token. Bone has a total supply of 250 million coins and is designed to be used for the platform’s governance functions.
Bone Token Governance
Holders of the Bone tokens have the ability to propose and vote on changes to the Shibba Swap protocol through its Doggy DA. Bone also plays a crucial role in promoting liquidity, swapping and staking activities within the Shibba ecosystem. Users can buy or stake their Bone tokens to earn more Bone tokens and receive a portion of 1 of all Bone per block as a reward for holding Bone.
EVM and Shibba Sheram
Bone has a vital role in supporting Shibba Sheram, a Layer 2 network developed by Shibba. This network employs the Ethereum Virtual Machine (EVM) to ensure faster and more secure transactions, as well as enhanced scalability for Bone and other Shibba Inu assets. EVM stands for the Ethereum Virtual Machine and is a software system that executes smart contracts and decentralized applications on the Ethereum blockchain.
Swapping and Staking
Users have the option to swap their Bone tokens for another cryptocurrency. Furthermore, they can generate passive income rewards in the form of Bone by utilizing the Berry function, which involves staking Sheep, Leash or Bone tokens. The amount of rewards earned is directly proportional to the number of tokens.
Shiba Inu Coin Explosion Imminent
The crypto world is abuzz with the news of a potential Shiba Inu Coin (SHIB) explosion. The coin, which is based on the Dogecoin blockchain, has seen a meteoric rise in recent weeks, with its value increasing by over 1000%. This has made it one of the hottest coins on the market, and investors are eagerly awaiting the next big move.
Bone & Shibaswap Ready to Skyrocket 100x
The Shiba Inu Coin is part of a larger ecosystem, which includes the Bone token and Shibaswap. The Bone token is a governance token which allows holders to vote on proposals and decisions within the Shiba Inu network. Shibaswap is a decentralized exchange built on the Shiba Inu blockchain, which allows users to trade SHIB tokens and other cryptocurrencies.
The potential for these two tokens to skyrocket is immense. With the Shiba Inu Coin already having seen such an impressive rise, it is likely that the Bone and Shibaswap tokens will follow suit. This could result in a 100x increase in value for both tokens, making them extremely attractive investments.
Liquidity Providers Rewarded with Bone Tokens
Liquidity providers can also benefit from the Shiba Inu Coin explosion. By participating in Sheba, swap through the Dig function, they will be rewarded with Bone tokens. This is an additional incentive for liquidity providers, as they will be able to receive rewards for their contributions.
Holders Believing in the Real World Value of Shiba Inu
The Shiba Inu Coin has gained a loyal following of holders who believe in the coin’s potential to increase in value. Many of these holders have commented that they are not going to sell their SHIB tokens for the next five years, and are holding millions of them. This is a testament to the faith that these holders have in the Shiba Inu developers and the real world value of the coin.
Five Altcoins Set to Make Millionaires
Although the Shiba Inu Coin is an attractive investment, it is not the only project that investors should be looking at. In fact, there are five altcoins that could be set to make millionaires. Now is the perfect time to buy, and investors can find out more about these five altcoins by clicking the video on the screen.
The Shiba Inu Coin is gaining a lot of attention lately, with many investors and traders speculating that the coin is about to experience a massive price surge. The coin has seen a huge surge in trading volume, with over $213 million worth of SHIB traded in the last 24 hours. The coin has also seen the launch of two new platforms, Bone and ShibaSwap, which are designed to allow users to easily trade SHIB tokens and other tokens on the Ethereum blockchain. With all of this in mind, it is clear that the Shiba Inu Coin is about to experience a massive price surge and investors should keep an eye on the coin in the coming days.
The historical data and technical indicators suggest that Bone is on the brink of a major price surge, with the potential to skyrocket 100x from its current price level. This is supported by the strong faith and support from the Shibba Enu Community, as well as the bullish divergence on the RSI chart. As such, Bone and Shibbaswap appear to be well-positioned to capitalize on this imminent explosion.
The imminent explosion of the Shiba Inu Coin is set to revolutionize the cryptocurrency market. With the introduction of Shibba Swap and the Bone token, users have access to a secure and efficient platform that allows them to swap, stake and earn rewards. This is sure to be an exciting development for the cryptocurrency market.
