Shiba Inu Price Prediction – Can This Meme Coin Deliver for Crypto Bulls in 2023 as Price Edges Higher?
Shiba Inu price continues to outshine its peers in the market, with its value increasing 9.9% in seven days and 9.4% in two weeks. However, the second-largest meme coin has lost 2.4% of its value to exchange hands at $0.00000895 at the time of writing.
Investors are beaming with hope for a bullish SHIB in 2023, especially with the development team working toward the launch of Shibarium. Since the year started, the team has announced several strategic partnerships likely to speed up Shiba Inu’s adoption while increasing the token burn rate.
Shiba Inu Price Edges Higher Bolstered by Collaboration with The Bugatti Group
Shiba Inu announced a special edition event in which the Bugatti Group will host a mint party dedicated to the ecosystem’s NFTs, referred to as Shiboshis. The partnership will “bring physical items and collectible NFTs to the hands of our most devoted and supporting Shibtoken’s NFT genesis holders,” the team said.
The special edition will cater to only 299 releases, and another very special first edition release, with a mint price of 0.14 ETH. A Cross-Body limited edition Luggage Bag from the Bugatti Group will accompany 95% of all the mints.
A Carry-On item from the same Bugatti Group will go to 5% of all the mints, rounded up to 15 lucky community members. The Minting Portal will go live during the Twitter Spaces Event. However, the Redemption Portal will open a week after the mint process has closed. The Shiboshis and Bugatti Group Twitter Spaces Event will take place on January 15.
Shiba Inu Price Seeks Support Ahead of A Possible 66% Climb
Shiba Inu price is trading at the apex of a falling wedge. This follows an unsuccessful attempt to break above the pattern’s resistance for a 66.62% move to $0.00001508. The stubborn resistance at $0.00000956 coincides with the 100-day Exponential Moving Average (EMA) (in blue) at $0.00000956 and is reinforced by the pattern’s upper trendline.
The 50-day EMA (in red) at $0.00000882 provides Shiba Inu price with the much-need support to collect enough liquidity for the second breakout attempt. Bulls might soon push for the uptrend resumption, especially with the Moving Average Convergence Divergence (MACD) indicator flaunting a buy signal. Moreover, the ongoing movement of the MACD above the mean line and the divergence formed by the blue line from the red line all support the bullish outlook for Shiba Inu price.
Therefore, a break from the falling wedge could be a matter of when and not if. Remember, the Shiboshis, and Bugatti Group Twitter Spaces Event is only four days away, which could attract increased investor attention toward SHIB.
Buy orders may be suitably placed above the wedge pattern or, if you like, the 100-day EMA. Recovery above the pattern would be expected to rise sharply to $0.00001508, representing a 66.62% move. The target equals the distance between the widest points of the wedge extrapolated above the breakout point.
Shibarium Upgrade Is Around The Corner
The Shiba Inu community is looking forward to the launch of the Shibarium protocol. Speculation for its release grew exponentially toward the end of 2022, but the upgrade is marred with delays. Shibarium will improve SHIB’s scalability while retaining the direct link to the Ethereum network.
Shiba Inu’s development team maintains that Shibarium, a Layer 2 blockchain solution, will be released soon. As of now, no official launch date has been announced, but the community hopes it will come within Q1 2023.
Altcoins To Consider for Bigger Returns In 2023
Investors look forward to a better-performing cryptocurrency market in 2023, unlike the disastrous 2022. Although experts have predicted the crypto winter to last until the end of 2022, investors can face the turbulence by adding selected crypto presales to their portfolios. The altcoins listed here offer lifetime opportunities for investors to be early adopters.
Meta Masters Guild (MEMAG)
The world’s first mobile-focused Web3 gaming guild is coming into existence, thanks to the team behind Meta Masters Guild. With high-quality, blockchain-integrated games, Meta Masters Guild hopes to bring up a decentralized gaming ecosystem. Members will thrive in this world by earning rewards for their efforts to build the ecosystem.
Unlike other play-to-earn (P2E) platforms like Axie Infinity, The Sandbox and Decentraland, Meta Masters Guild is working toward launching games that people enjoy playing, not just to earn money. However, there will be special opportunities for players to earn money and be compensated for the value they provide to the ecosystem.
Players will earn in a currency called Gems to spend in various ways. Gems can be exchanged into MEMAG tokens and staked on the network to earn more rewards. Players can also use the Gems to buy in-game NFTs or cash out by swapping with other tokens in the crypto market.
Meta Masters Guild is conducting a presale to sell MEMAG to raise money to build the revolutionary gaming ecosystem. So far, $26k has been raised by selling 1 MEMAG for 0.007 USDT.
FightOut is a highly sought-after investment opportunity in the Web3 space, known for its potential. It is an M2E project, a unique category that only some projects have successfully navigated. The project’s success is attributed to the team’s high efficiency and innovative concept, resulting in increased demand for its native token, FGHT.
FightOut aims to encourage users to improve their fitness levels through cryptocurrency and NFT rewards. The project aims to address challenges such as lack of social interaction, high gym membership costs, and poorly structured training plans in the fitness industry.
By releasing the FightOut app, the team hopes to address these issues and provide users with financial incentives for their progress. FightOut presale is performing with investors hurrying to get before the first exchange listing. Meanwhile, 2.84$ million has been raised, bolstered by a 50% bonus.
C+Charge is a blockchain-based network that aims to create a comprehensive ecosystem for electric vehicle charging. It allows users to earn carbon credits by charging their EVs and democratizing the carbon credit market. Its easy-to-use pricing and payment system provide a unique user experience.
The C+Charge application and its utility token, $CCHG, utilize Web3 technology for various practical applications such as indexing carbon credits earned by app users, powering a network of charging stations, and transferring data to EVSPs for fast charger diagnosis.
The C+Charge presale is selling out like a hot cake, with the amount raised doubling in 24 hours to $244k. Investors are buying 1 CCHG token for 0.013 USDT, but the price will rise to 0.0165 soon.