Shiba Inu Price Prediction: SHIB Soars 15% in One Week as It Raises $12 Million Through TREAT Tokens, This Dogecoin Derivative Soars Toward $10 Million.

Shiba Inu Price jumped up It’s up more than 2% in the last 24 hours, pushing its weekly performance by more than 15%, and trading at $0.00002721 as of 6:10 a.m. EST.

SHIB’s price increase comes after the Meme Coin team raised $12 million by selling TREAT, a yet-to-be-launched token. Non-US venture capital firms were the only investors in this funding round, with tokens purchased by Animoca Brands, Polygon Ventures, and other prominent companies.

TREAT will serve as the utility and governance token for the team’s new layer 3 blockchain, which is being built on top of layer 2 Shibarium.

Shiba Inu price consolidation escapes

SHIB/USDT 4-hour chart (Source: TradingView)

that much shiba inu price In the last 48 hours, it has managed to break out of a medium-term consolidation channel between $0.00002083 and $0.00002398. Following this breakout, the meme coin printed a series of higher highs and higher lows on the 4-hour chart, forming an upward trendline.

Traders are now attempting to push SHIB above the $0.00002832 resistance level. A 4-hour candle closer to this threshold within the next 24 hours could provide the foundation the cryptocurrency needs to continue rising in the near-term. This could push the Shiba Inu price up to $0.00003140.

A rejection of the $0.00002832 mark could invalidate this bullish argument. SHIB could fall below the recently formed trend line, opening the door to a potential bearish trend reversal.

As a result, selling pressure could enter SHIB’s charts and lead to a retest of the $0.00002398 price range mentioned earlier. Any potential drop below this mark would see Shiba Inu price re-enter the consolidation channel it recently escaped from.

Shiba Inu prices are losing tech support

Technical indicators on SHIB’s 4-hour chart are sending slightly bullish signals but warn that a correction is imminent. SHIB The bullish trend is maintained as the MACD (Moving Average Convergence Divergence) line is located above the MACD signal line. However, a narrowing gap between two technical indicators could be a sign that a bullish trend has peaked and is now subsiding.

Buyers are also losing their advantage over sellers. Over the past 48 hours, the Relative Strength Index (RSI) has crossed above the Simple Moving Average (SMA) line, signaling that bulls have gained an advantage over bears in the near term. The RSI line then collapses towards the SMA line, indicating decreasing strength. If the RSI crosses below the SMA in the next 12 hours, this could indicate a major change in momentum in favor of sellers.

Momentum continues to build for multi-chain Dogecoin derivatives as SHIB approaches technical resistance. DOGEVERSE.

Meme Coin’s pre-sale recently passed the $9 million milestone and is on track to raise $10 million in the coming days as investors rush to buy the cryptocurrency at this early stage.

Smooth trading experience

Dogeverse is the first Dogecoin derivative that can tap into multiple blockchain networks simultaneously. Located on popular networks such as Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Layer 2 network Base, Dogeverse (DOGEVERSE) provides token holders with a seamless trading experience.

Unlike other meme coins that are held on a single chain, DOGEVERSE allows investors to participate in numerous decentralized finance (DeFi) protocols, regardless of the network on which the protocol is deployed.

The risk of network outages, such as those experienced by Solana over the past few weeks, locking up DOGEVERSE holders’ tokens until network issues are resolved, are also mitigated by the meme coin’s cross-chain presence.

Investors and token holders do not even need to swap their DOGEVERSE tokens to earn rewards on DeFi protocols. This is because Dogeverse allows holders to stake their holdings on the Ethereum network in exchange for receiving annual rewards.

Dogeverse is currently offering a 117% APY to anyone who purchases and stakes tokens in the early stages.

Liquidity may shift to Dogeverse

In the wake of the fourth Bitcoin halving in the past, investors can take the capital allocated to the market leader and invest it in smaller meme coins. This potential influx of capital into the meme coin market could provide a major boost following the launch of DOGEVERSE.

Adding to the potential of cryptocurrencies is a high level of utility, which is not usually associated with meme coins.

There’s also a link to Dogecoin, the world’s largest meme coin by market capitalization, which could help attract investors in the coming weeks.

🌌 Let the journey begin. #DOGEVERSEPioneering multichain #viceroy #tokeninspired by #Cosmo‘s epic adventure. 🚀

leadership #blockchain Connectivity, what ties things together #Cryptocurrency We have a vision for a community of Doge memes and a unified ecosystem across the chain! 🌍 pic.twitter.com/Woe1wYvxqh

— DogeVerse (@The_DogeVerse) April 16, 2024

Anyone who wants to purchase DOGEVERSE can visit the project’s official website. The token is currently selling for $0.0003 and can be purchased using ETH, USDT, BNB, MATIC, BASE, AVAX or bank cards. Investors will want to act quickly, as the price of MEMCOIN rises in less than a day.

DOGEVERSE can be purchased and staked here with 115% APY.

Related articles:

Dogeverse – Multichain Meme Coin

• Early access presale is live now.
• Bridge to Solana, base, BNB chain, polygon, avalanche
• Staking Rewards – thedogeverse.com
• Trade with low fees
• World’s first chain travel governor – Cosmo