SHIB bull flag could trigger 48% price explosion
In the midst of the ongoing crypto rally, Shiba Inu (SHIB) has been a noted success. The meme coin is currently the 11th largest cryptocurrency by market cap, although it often breaks into the top 10 on account of price action. At press time, one SHIB was worth $0.00002413. From November 4 to November 11, the token often incorrectly referred to as ‘Shiba Inu coin’ saw a 60% surge, hitting prices as high as $0.00002921 before experiencing a pullback. Monthly returns currently stand at 32.10%, while year-to-date (YTD) gains are at an impressive 133.54%. SHIB price YTD chart. Source: Finbold SHIB is one of the most publicized and best-known meme coins — but since its inception, it has evolved away from its joke origin. Presently, its ecosystem Features decentralized finance (DeFi) applications, a stablecoin in development, a layer-2 scaling solution in Shibairum, ongoing high burn rate, and numerous partnerships that provide real-world utility. ...