Shiba Inu Price Battle

The price of Shiba Inu has lost one zero as it reaches the critical level of $0.000010. Since May, Shiba Inu has traded with five zeroes in its price as it has descended below the $0.00000010 threshold.

On August 5, the bulls drove SHIB above this psychological level, but the bears refused to cede ground.

After days of rallying, SHIB is attempting to retest this crucial level again.

Given the significance of this price level, investors are fighting fiercely to keep SHIB’s price above $0.000010, as this may portend additional gains.

SHIB was marginally higher at the time of writing, up 0.17% in the previous 24 hours to $0.00001005.

Since reaching a low of $0.000006 on June 10, the price of Shiba Inu has steadily risen.

Shiba Inu eventually surpassed the $0.0000081 threshold as the rally continued.

Shiba Inu bulls are currently defending the $0.000010 level, and if practical, SHIB could aim for the $0.000011 range.

On-chain analytics firm Santiment notes that while most mid- and small-caps struggle to obtain weekly traction, Shiba Inu excels.

According to Santiment, many traders have transferred their attention to the Shiba Inu because it remains green.

The social volume of Shiba Inu has increased by 65%, and its price has risen by 19% weekly.

Shiba Inu remains the top weekly gainer as the market continues its lackluster trading.

A positive close in today’s trading would mark SHIB’s fourth consecutive day of gains, dating back to August 8.

The crypto research firm Kaiko notes a rise in Shiba Inu network developer activity. It is stated that this has contributed to SHIB’s rise since the beginning of July.

The community anticipates Shibarium’s major mainnet launch, the launch of TREAT, and other forthcoming innovations.