{"id":350876,"date":"2024-07-14T08:06:41","date_gmt":"2024-07-14T07:06:41","guid":{"rendered":"https:\/\/readwrite.com\/?p=350876"},"modified":"2024-07-14T08:06:41","modified_gmt":"2024-07-14T07:06:41","slug":"shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k","status":"publish","type":"post","link":"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/","title":{"rendered":"Shiba Inu (SHIB) Price Holds Strong After Recent Market Slump as Shiba Shootout Presale Surges Past $600K"},"content":{"rendered":"<p>Shiba Inu (SHIB) defied the market downturn with a 4.71% price increase in the past day. However, it&rsquo;s still down 19.51% over the month.<\/p>\n<p>Despite the monthly dip, $SHIB managed a slight 7-day gain. This resilience is impressive, considering the broader market weakness. Additionally, $SHIB&rsquo;s market cap rose 4.12%, indicating some overall stability.<\/p>\n<h2>Shiba Inu (SHIB) price analysis and price predicton<\/h2>\n<p>The Shiba Inu coin is making headlines due to a recent remarkable rise, igniting widespread market excitement.<\/p>\n<p>The significant price surge of $SHIB from $0.000017 to $0.000036 demonstrates the token&rsquo;s potential for growth, highlighting the underlying momentum within the $SHIB ecosystem.<\/p>\n<p><iframe title=\"Shiba Inu (SHIB) | Price Prediction &amp; Technical Analysis ft Crypto Chester\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/EJrChEY25oc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>The subsequent price decrease suggests a consolidation phase, which could position $SHIB for further gains when market conditions improve.<\/p>\n<p>Shiba Inu (SHIB) is currently trading at $0.00001753. Well-defined support levels exist at $0.00001668 and $0.00001618, with the strongest support at $0.00001581. Conversely, resistance levels sit at $0.00001755, $0.00001792, and $0.00001842.<\/p>\n<p>Price predictions for tomorrow suggest minimal movement, hovering around $0.00001726. Next week&rsquo;s outlook offers a wider range, with $SHIB potentially fluctuating between $0.00001726 and $0.00002707.<\/p>\n<p>This translates to a possible increase of 56.87% by July 22nd if it reaches the upper target. Analysts suggest $SHIB has the potential to reach $0.00002 in the near future.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-350910 size-full\" src=\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-inu-price-analysis-graph.jpg\" alt=\"Shiba Inu Price Analysis Graph\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-inu-price-analysis-graph.jpg 1920w, https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-inu-price-analysis-graph-300x169.jpg 300w, https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-inu-price-analysis-graph-900x506.jpg 900w, https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-inu-price-analysis-graph-260x146.jpg 260w, https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-inu-price-analysis-graph-1536x864.jpg 1536w, https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-inu-price-analysis-graph-1568x882.jpg 1568w\" sizes=\"(max-width: 1920px) 100vw, 1920px\"><\/p>\n<p>This bullish sentiment is fueled by past surges experienced by similar tokens (gains of 800-1000% within a week) and the community&rsquo;s ongoing coin-burning efforts, which effectively removed 70 million coins from circulation last week.<\/p>\n<p>Overall, Shiba Inu exhibits encouraging signs despite the current market climate. For those seeking alternative investments, check out our<a href=\"https:\/\/readwrite.com\/cryptocurrency\/best-meme-coins-to-buy\/\">&nbsp;2024 guide to the best meme coins to buy<\/a>.<\/p>\n<h2>Shiba Shootout: A highly profitable new Play-to-Earn crypto alternative<\/h2>\n<p>Amidst the fervor surrounding Shiba Inu, a new contender has emerged: the <a href=\"https:\/\/readwrite.com\/visit\/shibashootout\" rel=\"nofollow\" target=\"_blank\">Shiba Shootout<\/a>. Shiba Shootout challenges top cryptocurrencies with its innovative gameplay concept, combining elements of battle royale and GameFi set in a Wild West-themed digital frontier.<\/p>\n<p>The project, currently in its presale phase, has already garnered significant attention and raised over $600,000.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-350912 size-full\" src=\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-shootout-raised-over-600k.jpg\" alt=\"Shiba Shootout Raised Over $600K\" width=\"987\" height=\"827\" srcset=\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-shootout-raised-over-600k.jpg 987w, https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-shootout-raised-over-600k-300x251.jpg 300w, https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-shootout-raised-over-600k-858x719.jpg 858w, https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-shootout-raised-over-600k-191x160.jpg 191w\" sizes=\"(max-width: 987px) 100vw, 987px\"><\/p>\n<p style=\"text-align: center\"><em>Source &ndash; <a href=\"https:\/\/x.com\/shibashootout\/status\/1811347642594557978\">Shiba Shootout Twitter<\/a><\/em><\/p>\n<p>It aims to create an immersive experience where players engage in high-stakes battles and utilize features like staking and token governance.<\/p>\n<p>Described as a blend of creativity and cowboy charm, Shiba Shootout offers unique utilities such as a referral system, campfire storytelling events, and decentralized governance for community involvement.<\/p>\n<p>Additionally, it features a Lucky Lasso Lottery system, enhancing engagement and rewarding participants within its ecosystem.<\/p>\n<p>With endorsements from reputable sources and growing interest on platforms like CoinMarketCap, Shiba Shootout appears poised to make an impact in the GameFi space.<\/p>\n<p>As the project continues to develop, its integration of narrative-driven gameplay and community-driven features could further distinguish it within the competitive cryptocurrency gaming market. To take part in the $SHIBASHOOT token presale, visit&nbsp;<a href=\"https:\/\/readwrite.com\/visit\/shibashootout\" target=\"_blank\" rel=\"nofollow noopener\">shibashootout.com<\/a>.<\/p>\n<h2>Conclusion<\/h2>\n<p>Shiba Inu (SHIB) shows resilience in a fluctuating market, hinting at potential gains during the next altcoin season. Analysts are bullish on SHIB, predicting a breakout and a return to its bull market highs.<\/p>\n<p>Adding to the excitement is Shiba Shootout, a promising newcomer that blends innovative gameplay with DeFi features.<\/p>\n<p>With its Wild West theme and engaging mechanics, Shiba Shootout offers a compelling proposition for SHIB investors, especially those interested in the intersection of meme coins, gaming, and decentralized finance.<\/p>\n<p>If you&rsquo;re interested in the absolute&nbsp;<a href=\"https:\/\/readwrite.com\/cryptocurrency\/upcoming-icos\/\">best initial coin offerings (ICOs) of 2024<\/a>, explore our comprehensive guide featuring the most promising options.<\/p>\n<h3>Related<\/h3>\n<ul>\n<li><a href=\"https:\/\/readwrite.com\/shiba-inus-whale-activity-signals-potential-price-recovery-will-the-newest-meme-coin-shibashoot-follow-shibs-success\/\">Shiba Inu&rsquo;s Whale Activity Signals Potential Price Recovery &ndash; Will the Newest Meme Coin SHIBASHOOT Follow SHIB&rsquo;s Success?<\/a><\/li>\n<li><a href=\"https:\/\/readwrite.com\/top-3-meme-coins-primed-for-takeoff-as-market-shifts-bullish-dawgz-pepu-and-shibashoot\/\">Top 3 Meme Coins Primed for Takeoff as Market Shifts Bullish &ndash; $DAWGZ, $PEPU, and $SHIBASHOOT<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) defied the market downturn with a 4.71% price increase in the past day. However, it&rsquo;s still down&hellip; <a class=\"more-link\" href=\"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/\">Continue reading <span class=\"screen-reader-text\">Shiba Inu (SHIB) Price Holds Strong After Recent Market Slump as Shiba Shootout Presale Surges Past $600K<\/span><\/a><\/p>\n","protected":false},"author":26655,"featured_media":350902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[58091],"tags":[],"table_tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu (SHIB) Price Holds Strong After Recent Market Slump as Shiba Shootout Presale Surges Past $600K - ReadWrite<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu (SHIB) Price Holds Strong After Recent Market Slump as Shiba Shootout Presale Surges Past $600K\" \/>\n<meta property=\"og:url\" content=\"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/\" \/>\n<meta property=\"og:site_name\" content=\"ReadWrite\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-14T07:06:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/shiba-inu-price-holds-strong-after-recent-market-slump.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alvin Hemedez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rww\" \/>\n<meta name=\"twitter:site\" content=\"@rww\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alvin Hemedez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/\"},\"author\":{\"name\":\"Alvin Hemedez\",\"@id\":\"https:\/\/readwrite.com\/#\/schema\/person\/f8ea47c812247d384fa4c690cac2c537\"},\"headline\":\"Shiba Inu (SHIB) Price Holds Strong After Recent Market Slump as Shiba Shootout Presale Surges Past $600K\",\"datePublished\":\"2024-07-14T07:06:41+00:00\",\"dateModified\":\"2024-07-14T07:06:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/\"},\"wordCount\":611,\"publisher\":{\"@id\":\"https:\/\/readwrite.com\/#organization\"},\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/readwrite.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/\",\"url\":\"https:\/\/readwrite.com\/shiba-inu-shib-price-holds-strong-after-recent-market-slump-as-shiba-shootout-presale-surges-past-600k\/\",\"name\":\"Shiba Inu (SHIB) Price Holds Strong After Recent Market Slump as Shiba Shootout Presale Surges Past $600K - 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