Self-claimed DOGE killer Shiba Inu slipped out of the top 10 cryptocurrencies recently. It is being reported that a stakeholder decided to move 40 trillion Shiba Inu tokens between different wallets which caused panic in the crypto market.
SHIB lost almost 15% of its value on Thursday but DOGE killer was really fast to recover from the losses and was able to jump back up by 18%.
Right now, SHIB is riding inside a continuation pattern which eventually suggests a breakout from here. As per experts, an upward spike from here can turn into a massive upswing that can double the market value of the Shiba Inu.
This is the reason to keep a close eye on the SHIB.
If you're planning buying SHIBA INU or any other crypto, go with popular exchanges like WazirX (india), CoinDCX (india) or Binance (international).
News Source: newsroompost.com
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