Shiba Inu’s Summer of Shibarium is just around the corner. There’s a growing buzz surrounding the Q3 Shibarium launch. Expected to revolutionize the ecosystem, the Summer of Shibarium is rapidly becoming the talk of the town, and for good reason. In this article, we give a LEASH update along with a Shibarium updated timeline. Will those two boost SHIB prices further?
What is LEASH Token?
Doge Killer, or LEASH, isn’t just a token. It’s a key pillar of the Shiba Inu ecosystem. It serves as the native utility token for ShibaSwap DEX, a decentralized exchange that forms the heart of the community. And now, as an add-on, Shytoshi Kusama, a top-tier developer within the SHIB community, has teased the crypto enthusiasts with a snippet. The week ahead will unveil two brand-new updates related to LEASH.
LEASH Update as of Q3 2023
The first update is being touted as an ‘exclusive exclusive.’ To put it simply, this is a feature known only to the elites – the LEASH holders. The suspense around this exclusive update is palpable, feeding into the growing anticipation.
Come Wednesday, and the Shiba community will witness the second update – unveiling a fresh utility for LEASH. The curtain-raising on these updates has sparked a whirlwind of excitement, pumping up the price action of SHIB, the main token of the ecosystem.
SHIB Price Analysis: What’s Happening to Shiba Inu?
Currently, SHIB is showcasing impressive performance. The price is presently pegged at $0.00001053, marking a 24-hour surge of +2.64%. The token has had an impressive run in August, boasting a +24% increase since the beginning of the month. The market is now on tenterhooks, eagerly awaiting the Q3 Shibarium launch. This update is slated to introduce a layer-2 scaling solution for the Shiba Inu ecosystem.
On the technical front, SHIB is riding high on unwavering support from the 20-day moving average (20DMA) and has successfully clinched key support from the 200DMA as of August 11. This technical achievement sets a rallying foundation for the token.
But it’s not all sunshine and rainbows. The Relative Strength Index (RSI) flags a warning sign, shooting into the overbought territory with a reading of 67.82. This suggests potential consolidation or even a small setback in the horizon.
Yet, the Moving Average Convergence Divergence (MACD) offers a beacon of hope. A bullish divergence, evident at 0.00000015, mirrors the token’s sustained momentum over the past fortnight.
Should SHIB undergo consolidation, the support from the 200DMA sets the stage for a tempting risk:reward scenario. The upside is aiming at a robust support level of $0.00001180 (+11.85%), while the downside is lingering close to the 20DMA at $0.000009 (-14.69%). Given the risk:reward ratio of 0.81, entering now may be marked by a larger downside, primarily attributed to the high RSI demanding consolidation.
The Crypto Marketplace: Where to Next?
Although SHIB might be gearing for a short breather, the smart money in the market is anything but dormant. Savvy investors are exploring emerging crypto trading platforms that promise the allure of magnifying portfolio growth, especially by identifying high-potential prospects, with tokens like LEASH leading the charge.
- Why is Shiba Inu Crashing? BONE and SHIB in a Danger Zone?
- Shiba Inu to Reach 1$ soon? This New Upcoming Development Proves it Right
- Shiba Inu Price SOARS 10%: When will Shibarium Launch?
- PEPE Coin Price to Reach $5 in the Next Seven Days?
- 10x Gains in Sight? Shiba Inu Price Next Big Leap with Shibarium!
- Shiba Inu Price: The Emergence of Shiba Inu’s Puppynet. Easy 10x SOON?
- Shiba Inu’s New Plans for Shibarium Revealed
- Shiba Inu Price to EXPLODE as Shibarium Burns 70% of Base Fee?
- Is Shiba Inu DEAD? Cryptos are BOOMING while SHIB remains Shy!
- Shiba Inu Price Prediction: How High Can Shiba Inu reach Short-Term?
- Shiba Inu Price Prediction – Shib Price is Up, Will it Continue to Climb?
- Shibarium Update: If you Own SHIB on Shibarium, BEWARE!
- This Meme Coin PUMPED 50% in the past 24 hours…Will it continue to Grow? The Next Shib?
- Shiba Inu 2023: Will SHIB Price Recover and Breakout Higher?
- 3 Reasons why SHIBA INU might be a Good Buy in 2022
- How Many Shiba Inu do You Need to BUY to Become a Millionaire?
- Top 3 Cryptos with BIG Potential during this Summer Crash
- Dogecoin or Shiba Inu: Which one has a Bright Future?
- SHIB’s Burn Rate Soars: Can it Ignite a Price Rally in 2023?
- Shiba Inu Price Explodes By More Than 90% since Jan! Can SHIB double again?
- Shiba Inu Coin on the Rise: $SHIB Price To Soar by 10x in the next seven days?
You might also like
More from Altcoin
Explore the most influential ecosystem tokens in today's market. Balancer, Axelar, Echelon Prime, CyberConnect, and UNKJD: Striker League are redefining …
What are the factors contributing to Bitcoin's stability? Let's analyze the global cryptocurrency market. Why is Bitcoin price down still?