Parked in the Green Zone, Here's Shiba Inu's Crypto Performance Today, March 12, 2024
Shiba Inu (SHIB), the meme coin inspired by Dogecoin, is once again showing positive performance today, March 12, 2024.
The price of SHIB is currently in the green zone, with a gain of 5.97% in the last 24 hours.
Price and Trading Volume
Based on data from Coinmarketcap, the current price of SHIB sits at Rp 0.5178 with a 24-hour trading volume of Rp 36.5 trillion.
This increase indicates that investor interest in SHIB remains relatively high.
Factors Supporting SHIB's Performance
Several factors are predicted to be driving SHIB's positive performance today, including:
Positive market sentiment: The cryptocurrency market as a whole has shown positive movement in recent days. This has also contributed to the rise in SHIB's price.
Shibarium Launch: Shibarium, the Layer 2 blockchain dedicated to SHIB, is scheduled to launch soon. This launch is expected to improve the scalability and utility of SHIB, potentially pushing the price even higher.
Whale Buys: Recently, there have been several large SHIB purchases made by "whale" investors. This suggests that major investors are starting to see SHIB as a potential investment asset.
Conclusion
SHIB's positive performance today shows that this meme coin still has room for growth.
The launch of Shibarium and growing investor interest are key factors driving SHIB's performance.
However, investors should remain cautious as the cryptocurrency market is still volatile.
It's important to conduct your own research and understand the risks involved before investing in SHIB.