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The value of Shiba Inu (SHIB) has surged significantly today, offering meme coin investors a reason to celebrate.

This upward momentum is not solely due to prevailing positive sentiment in cryptocurrency. Its also propelled by a fundamental factor contributing to its increased value.

An example is Shibarium, an innovative layer-2 scaling solution that distinguishes itself with unique attributes. This solution is important in driving the increase in SHIBs value.

According to data from CoinGecko, SHIBs trading price stood at $0.000009755 as of 04:48 am EST. Although there has been a slight 0.37% dip in the past 24 hours, SHIB has shown an upward trajectory of 19.27% over the past seven days.

In a recent incident on Wednesday, August 9, SHIB recorded a significant 5.75% upswing, reaching $0.00001005. This upward motion aligns with a trend of recovery that commenced two days earlier. The price has rebounded by nearly 15% from its recent low point of $0.0000947.

The bulls have again shown strength in the SHIB market today, creating a new green candle on the daily price chart. This action has impacted certain indicators, now projecting continuous bullish moves for its price.

Notably, SHIBs price remains above the 50-day Moving Average, mirroring the activeness of buyers on the market.The MACD line above the signal line further reinforces the bulls pressure on the market, bringing the RSI more into the buy zone at 65.84.

However, this bullish potential may be farfetched considering the resistance level around the $0.00001 mark.This position is backed by the 200-day MA, creating a solid opposing force to SHIBs upward momentum.

As a result, SHIB may face some difficulties getting past this level, dipping further to the position around the 50-day MA.However, any notable surge above this price point now could lead SHIB to new highs in the coming days.

SHIBs resistance from the 200-day MA and at $0.00001 could hinder it from rising further. As such, theres a higher tendency for a sell than a buy.

However, traders and investors must remain cautious, as prices may take wild turns away from the predicted trajectory.

Wall Street Memes has taken the crypto world by storm through its groundbreaking WSM token sale, amassing an impressive $22.8 million in funding thus far.

This revolutionary endeavor has undeniably captured the attention of both seasoned and novice investors alike, resulting in the rapid acquisition of $WSM tokens at an astonishing rate of over $100,000 daily.

The genesis of Wall Street Memes can be traced back to the monumental movement that unfolded in 2021. It was a movement characterized by the audacious challenge posed by small-scale investors to the entrenched powers of Wall Street.

Its driving force is the aspiration to transform this influential movement into a tokenized representation.

This vision is gradually becoming a reality through their dynamic approach, involving the ongoing $WSM token presale and the ingenious creation of Ordinals NFTs.

A cornerstone of Wall Street Memes triumph lies within its expansive and highly engaged community, which boasts an impressive membership of over a million individuals across social media platforms.

This communitys fervent participation and unwavering dedication undoubtedly enhance the projects resilience and potential for growth.

Emphasizing its commitment to community empowerment, Wall Street Memes has earmarked 30% of the token supply for rewarding its loyal supporters, which could potentially encompass exciting initiatives such as airdrops.

This forward-looking strategy further solidifies the projects unique position in the crypto landscape, drawing the attention of both seasoned and new investors alike.

With a foundation grounded in such formidable fundamentals, Wall Street Memes emerges as a project with the potential for substantial profitability.

Interested parties can conveniently acquire $WSM tokens through their Ethereum or Binance Smart Chain wallets, utilizing assets like USDT, BNB, or ETH, all facilitated by visiting the Wall Street Memes official website.

Wall Street Memes - Next Big Crypto

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Shiba Inu Price Prediction: SHIB's Meteoric Rise; A Meme from the ... - Inside Bitcoins