Could Shib Coin Hit .01¢ This Year and Do What No Other Meme Coin Can Do? Something’s Burning!
The profit you can make with Shiba Inu coin is not easy to predict, however the potential for great gains with this crypto-asset remains. Let me tell you why I think so.
Reading RYOSHI RESEARCH has me all giddy about this digital asset. SHIB has several use cases, purposes beyond existing as a cute avatar or pictures to admire. Many meme coins have no use case leading many to call them sh*t-coins. SHIB is not one of them.
I didn’t mention it earlier but (SHIB) is the ticker symbol for Shiba Inu. You can find SHIB on several exchanges, so it’s easy to buy. Trading exchanges such as Kucoin and Coinbase (I make a few dollars if you join through those exchange links)make it easy to buy or trade SHIB any time.
Check out this chart from Tradingview tracking SHIB’s recent movent in price and volume(10/11/21).
From this, we can see the RSI(Relative Strength Index) has room to move up but has been steady and the MACD(Moving Average Convergence Divergence) is fairly low. These indicators give me a hint that SHIB is not overbought or overinflated and it has a lot of room to move up in price and volume.
For further explanation of the MACD and RSI relationship and how traders use them to predict price movement please read the following article by Investopedia(they provide a wealth of information on crypto and many other forms of investments).