Shibarmy News

Shiba INU Finally Breaks 000023. Could Shiba Inu Reach a new ATH in February?

Published

2 years ago

February 5, 2022

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

Shiba Inu Token has been in a lull as of late with the rest of the Crypto Market. One of the biggest areas of resistance has been the fact that it could not break .000023. As of 12:10 EST it has finally overcome that barrier. This is on the back of the expected News from SHYTOSHI KUSAMA to come later this month. Many people thought that Welly’s was the BIG Announcement but it was not. Many are speculating that it might the release of the long-awaited SHIBARIUM though no one knows for sure.

If Shiba Inu can maintain above .000023 the next resistance will be .000026. Many experts agree that if SHIBA INU can break the second level of resistance then .00003 will be easy to come by once again. Getting to a new ATH above .000078 that was achieved in October would be possible if the announcement from Shiba Inu Developers truly is Shibarium.

Shibarium could very well help SHIBA INU lose another zero as it is one of the only true projects that plan on reducing gas fees on the Ethereum Network by over 90%. Shibarium will also set in place new burn mechanisms on a more broad basis. This would then set the precedent for the stable coin SHI.

All eyes are now on the Shib Dev team to see if they can fulfill the promises they have made. From what we have seen so far they have been able to do so although the timing could be everything going forward.