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Why is Shiba Inu price up today?
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[QUOTE="harrie blaze, post: 318051, member: 103098"] Shiba Inu's [B]$0.000010[/B] price is rising today as a result of the general crypto market upswing and a favorable fundamental factor. [B]What is raising the price of SHIB?[/B] On August 9, the SHIB price increased by almost[B] 5.75%[/B] to [B]$0.00001005[/B], continuing a trend of price growth that began two days earlier. Overall, the price has changed directions by about [B]15%[/B] since hitting a low of[B] $0.0000947[/B] recently. These gains were significantly boosted on [B]August 8[/B] when [B]BitPay[/B], a company that processes cryptocurrency payments, unveiled "[B]Bill Pay[/B]", a new service that lets cryptocurrency users pay bills directly from their wallets. One of the many tokens listed in the service is Shiba Inu, which may have enhanced its upside potential among traders on August 9. Additionally, the token may have risen as a result of the cryptocurrency market's overall gains, driven by expectations for the approval of a spot Bitcoin [B]ETF[/B] in the[B] United States[/B]. Altcoin prices have increased in tandem with the price of Bitcoin, which has increased from its recent market low of approximately[B] $28,650 [/B]to [B]$29,895[/B]. [B]Shiba Inu whale populations rising![/B] Most of Shiba Inu's wealthiest addresses have accumulated SHIB tokens during its price recovery over the last two days, according to data found on the blockchain. Notably, the [B]100 million–1 billion SHIB address[/B] cohort (green) has increased slightly since [B]August 7[/B], while the [B]1 billion SHIB address [/B]cohort (royal blue), which contains[B] 96.5%[/B] of the entire SHIB supply in circulation, has decreased slightly since that date. Price prediction for Shiba Inus in [B]August 2023 [/B]Shiba Inu is currently trading close to levels that last caused market selloffs, according to fractal analysis. Notably, the SHIB price has begun to reverse to the downside after encountering resistance in the [B]$0.00001052-0.00001003 range[/B]. The SHIB daily relative strength index (RSI), which hovers around its overbought level of 70, provides these signals with additional downside cues. What do you think about this comment below? [/QUOTE]
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Why is Shiba Inu price up today?
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