Shiba Inu Coins: How’s It Going With SHIB Price? Is It The Right Time To Buy It Now?
2022-04-22 16:29:45
Is Shiba Inu Coin A Good Investment?
Porsche Towson, a Porsche dealer in Towson, Maryland, United States, announced yesterday (April 19) that it now accepts Shiba Inu Coins, also known as SHIB coins, the hugely popular meme-based cryptocurrency, as a payment method. Also, crypto payments processor BitPay announced earlier today, on Twitter that Porsche Towson now "accepts cryptocurrency payments for vehicle purchases." As we all know, BitPay, the largest bitcoin payment processor in the world, helped more than 10,000 merchants accept Bitcoin (BTC) as payment method by September 2013. Now that Shiba Inu coins are used as payment, how will it unfold and will it be a good choice for investors in 2022?
It’s likely that the SHIB price will drop further in the next few days. Tomorrow NETFLIX will be reporting its earnings after the bell, which will be taken as a leading indicator for FAANG stocks and Nasdaq. If investors keep taking their cash out of SHIB, it will result in a 12% correction towards $0.00002200 with the longer-term green ascending trend line.
If earnings before the US opening bell point to a wave of positive news, expect to see a quick reversal in the price action. The RSI would pop back above 50, attracting more buyers and investors, and set the scene for SHIB price to jump and close above $0.00002550. With a daily close above that, the road will be paved towards $0.00002800 in the coming days, holding an 11% gain.
Porsche Towson, a Porsche dealer in Towson, Maryland, United States, announced yesterday (April 19) that it now accepts Shiba Inu Coins, also known as SHIB coins, the hugely popular meme-based cryptocurrency, as a payment method. Also, crypto payments processor BitPay announced earlier today, on Twitter that Porsche Towson now "accepts cryptocurrency payments for vehicle purchases." As we all know, BitPay, the largest bitcoin payment processor in the world, helped more than 10,000 merchants accept Bitcoin (BTC) as payment method by September 2013. Now that Shiba Inu coins are used as payment, how will it unfold and will it be a good choice for investors in 2022?
What’s Going On With SHIB Price?
According to Gate.io, the second largest exchange to buy, sell and trade SHIB, Shiba Inu’s coin price is now trading at $0.000025557, up by 2.43% in the last seven days. In fact, the price of shiba inu coins slipped further to the downside after bulls tried to return above the monthly pivot at $0.00002550 on Monday. Instead, bulls got hammered at the open on Tuesday as volume picked up after the bank holiday. Investors already got a rude awakening by a few comments from a FED official pointing to a 0.75% rate hike on the docket at the next FED meeting. ASIA PAC investors quickly returned their SHIB tokens for hard cash and looked to stay sidelined for a while.It’s likely that the SHIB price will drop further in the next few days. Tomorrow NETFLIX will be reporting its earnings after the bell, which will be taken as a leading indicator for FAANG stocks and Nasdaq. If investors keep taking their cash out of SHIB, it will result in a 12% correction towards $0.00002200 with the longer-term green ascending trend line.
If earnings before the US opening bell point to a wave of positive news, expect to see a quick reversal in the price action. The RSI would pop back above 50, attracting more buyers and investors, and set the scene for SHIB price to jump and close above $0.00002550. With a daily close above that, the road will be paved towards $0.00002800 in the coming days, holding an 11% gain.
Is It A Good Idea To Buy Shiba Inu Coins Right Now?
No one really knows what price Shiba Inu coins will hit, as it is essentially a groupthink experiment and no one can guarantee you are bound to profit if you buy Shiba Inu coin. Shiba Inu coins aim to be the Dogecoin killer, and the mob “let’s all make money” mentality certainly seems to still be here for Shiba Inu to draw from. Similar to all the other kinds of investment, reward versus risk also exists in Shiba Inu coins. Keep in mind that it’s wise of you to invest what you can bear in SHIB, in other words, you should invest depending on your own financial situation instead of putting in all of your savings.Popular News
