Home
News
Shiba Inu News Highlight: Forbes recently made a list of the top 10 cryptocurrencies to invest in March and Shiba Inu found a place in that list.
Shiba Inu is making a buzz in the market by soaring and giving an outstanding return of almost 261% in a month, which is higher than some top financial assets. Moreover, recently, it made its place in Forbes’s top 10 list of best cryptocurrencies to invest in March 2024.
Shiba Inu News Highlights
Shiba Inu made it to the list of the top 10 best cryptocurrencies to invest in March 2024 by Forbes. It was one of the two tokens inspired by meme currencies, along with Dogecoin.
This shows that SHIB is getting attention from the mainstream media and influential financial platforms like Forbes. Forbes recognized that Dogecoin was a joke at first but is now a serious investment option.
SHIB is now on Forbes’ radar as the dog-themed token is soaring in the rankings. The top 10 cryptocurrencies to invest in March 2024 according to Forbes are:
1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Tether (USDT)
4. Binance Coin (BNB)
5. Solana (SOL)
6. Ripple (XRP)
7. U.S. Dollar Coin (USDC)
8. Cardano (ADA)
9. Dogecoin (DOGE)
10. Shiba Inu (SHIB)
Even though Shiba Inu is at the bottom of the Forbes list, it still entered the elite top 10 cryptocurrency investments. This shows that SHIB is now competing with the best investments in the financial sector.
Let’s See Shiba Inu Technical Chart Updates
Shiba Inu, one of the most popular coins of the meme community is currently standing at the price of $0.00003344 after a decline of 4.65% in the past one day. The meme coin has a market cap of $19.71 Billion and a volume of $13.03 Billion.
According to trading view data, SHIB has outperformed in the past year with an upsurge of 220.00%. Year to date, the coin represented a hike of 223.40% and an upsurge of almost 372.32% in the past 6 months.
Within 3 months, SHIB rose by 223.72% and crossed 261.12% in one month. Moreover, 46.60% of a spike is recorded in the past 1 week, displaying strong performance.
As per the trading view technicals summary, 3 indicators are pointing for sell, 9 indicators are neutral whereas 14 indicators are indicating for buy. Overall, the indicators are showing a buy for Shiba Inu.
At the time of writing, the SHIB price is trading above 20, 50, 100, and 200-Day Exponential Moving Averages (EMA) levels which shows the bullishness of the price. The MACD indicator is giving bullish signals and is trading in the bullish zone above the middle line with the long green histograms supporting it.
RSI (relative strength index) confirms the bullish trend as it is trading near the 76.02 points in the overbought zone.
Overall technical indicators like RSI, MACD, and EMAs are supporting the bullish trend and the positive news regarding the SHIB indicates that the price may rise further in the future amid a bullish rally.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
