Shiba Inu Price up by 21.59% – Time to Buy SHIB Coin?
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- The crypto market surges up by 3.47% in the last 24 hours with a live market cap value of $2.07 trillion, encouraging investors to buy SHIB.
- Shiba Inu outperforms most cryptocurrencies in the Top 25 category in the last 24 hours.
- Shiba Inu builds a decentralized community to increase accountability.
The crypto market has seen great gains in the last 24 hours, with Bitcoin surging past the support price of $38,000. Shiba Inu joins the trend as it hedges by 21.59% in the last 24 hours, encouraging investors to buy SHIB.
The Shiba Inu token is a meme coin that launched in 2019. It has caused a frenzy in the crypto space, surging past 2,000% of its price in the first few months of 2021. It continues to thrive in the crypto market, encouraging more investors to buy SHIB.
The ERC-20 token has made a 76% gain in its 24-hour trading volume of $5 billion in the last day, providing investors with a 2,000,000% return on investment.
Shiba Inu Launches Doggy DAO
The Shiba Inu protocol has launched the beta version of Doggy DAO.
Doggy DAO aims to promote more decentralization by giving power and authority to its community.
The launch of the decentralized autonomous organization (DAO) enables the entire Shiba Inu community to understand the needs and requirements of the Shiba Project.
Also, the decentralized community will contribute to the growth possibilities of the ecosystem as a unit.
The beta version (DAO 1) focuses on providing immediate power to the community. In turn, the community decides the crypto projects and pairs that will be available on the ShibaSwap.
With the new community voting system available by Doggy DAO, users can conveniently choose how annual percentages (AP) will affect the rewards distributed in liquidity pools.
Shiba Inu Makes Real-Life Interaction with Welly Friends
The Shiba Army is on a march to make real-life interactions and use cases as it partners with Welly’s, a hyper-quality blockchain-based fast food in Naples, Italy.
The Shiba train is in partnership with Welly’s due to the similarities in values between both brands and the agility of the fast food.
Welly’s offers healthy fast food options, including a vegetarian menu. The company is willing to remodel to suit the Shiba Inu ethos. Some of which include eco-friendly packaging, marketing, and strategies.
Also, the partnership with Welly’s puts Shiba Inu on the radar to experience real-life applications by facilitating payments.
In addition, the protocol will oversee the content of food marketed to consumers using the Shibarium initiative. As the next phase of SHIB’s ecosystem, Shibarium will give SHIB a blockchain of its own. The token holders also get discounts and perks when shopping at Welly’s.
The integration into the food industry promises an increase in investors looking to buy SHIB. Therefore, the investors will receive some of the many perks associated with being a SHIB holder.
Shiba Inu Technical Analysis
Shiba Inu has made great gains as it trades at $0.0000331. The crypto asset has leaped in price, having declined below the 61.8% Fibonacci retracement level of $0.0000287. It currently trades above the 50% Fibonacci retracement level of $0.0000311.
The 100-hourly Simple Moving average (SMA) value of $0.0000285 shows that Shiba Inu is on a bullish run as it moves ahead of this support price.
The Moving Average Exponential confirms Shiba Inu’s bullish trend with a support price of $0.0000279. The current price trend gives investors the confidence to buy SHIB as the meme token takes on the bulls and provides high yields on investment.
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