SHIB Gears to +150% Surge as L2 Blockchain Approaches

Shiba Inu Up 20% After Whale Buy, Robinhood Support
  1. A layer-2 network, Shibarium, is slated to launch for Shiba Inu
  2. SHIB rally its price to almost +63% in the past weeks of 2023
  3. Shiba Inu token has emerged as one of 2023’s top achievers

Shiba Inu hopes to become more than just a memecoin as the launch of its layer-2 network, Shibarium, approaches. In the meantime, the Shiba Inu token has emerged as one of 2023’s top achievers.

Source: TradingView

As seen in the graph, Shiba Inu (SHIB) continues to rally its price along with the bulls in the past weeks of the month. In detail, SHIB was able to generate over +63% growth rate making it hit the bullish price of $0.00001175. 

If this bullish escapade of SHIB keeps on in the following weeks of the year, SHIB may be able to enter the resistance territory of $0.00001517. If it does, the path toward the psychological resistance of $0.000018 can now be pictured and be crushed if the bullish market remains in favor of SHIB. In short, SHIB may reach $0.0000222 before Jan 2023 ends.

Source: TradingView

Meanwhile, if you try to analyze the trend of SHIB in the past month of the year, you might notice that SHIB was able to generate a whopping 150% growth rate. This growth rate created a massive price jump from $0.00000729 to $0.000018. If SHIB can do this mighty pump once again in the following days of the year, SHIB may hit the skyrocketing price of  $0.00004 before the second quarter of 2023. 

In other news, the final outcome of the Ripple lawsuit may very well determine the fate of the crypto industry in the US, according to some experts. Given the trajectory of the court proceedings, it appears the wait will not be much longer.

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.