• Shiba Inu (SHIB) was launched on the Ethereum blockchain and Binance Smart Chain (BSC).
• SHIB holds the 15th position on CoinGecko.
• According to a technical analysis, SHIB price might reach $0.00005 soon.
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a popular memecoin developed and launched in 2020 by a pseudonymous founder Ryoshi. It resides on both the Ethereum blockchain and Binance Smart Chain (BSC). It is also known as the DOGE killer due to its potential of being a contender to the most popular memecoin, Dogecoin (DOGE).
Current Market Status
Currently, Shiba Inu holds the 15th position on CoinGecko with 24-hour trading volume of $295,420,150. The current price of SHIB is $0.00001253 and it has gone down by 4.2% in 24 hours. The all-time high for SHIB was recorded at $0.00008616 on Oct 28, 2021.
Price Prediction 2023
According to statistics, price patterns, RSI, RVOL and other information related to SHIB, it can be predicted that the Shiba Inu (SHIB) price might attain bullish predictions of anywhere between $0.00002031 – $0.00004355 in 2023 or even reach as far as hitting a 0.00$05 value soon . On the other hand there are bearish predictions which state that it may fall to 0$0001309 by 2023 end too . Currently , it is within a descending channel pattern where if it continues ,it might reach resistance levels of 0$0001567 , 0$0001947 & 0$0002838 respectively but if reversed then there are chances that it may go down to support levels of 0$00000955 & 0$00000787 respectively .
Support & Resistance Levels
The chart below shows the support & resistance levels of Shiba Inu (SHIB):
Support – $0.00001060 , $0.00000845 , $0.00000717
Resistance – $0..00001567 , $0..00001947 , $0..00002838
Shiba Inu’s popularity has been growing since its launch and its market cap stands at over 6 billion USD currently making it one of top 25 cryptocurrencies . With proper technical analysis & understanding key market metrics such as RSI & RVOL we can predict that SHIB will likely hit an estimated value of up to 0$005 before 2022 ends however bearish predictions cannot be negated completely as well .
• Koinbazar, a global crypto exchange, is rebranding to “KoinBX” on February 19, 2023.
• The new look of the platform is meant to reflect upcoming features and create a new identity.
• KoinBX will provide top-notch service with commitment to its users in order to overcome concerns faced by traditional crypto traders.
KionBazar Rebrands To KoinBX
Koinbazar, a global cryptocurrency exchange where traders can buy, sell, and trade cryptocurrencies in an authentic, reliable and encrypted class of system is undergoing a major rebranding. On February 19th 2023 the project will be rebranded to “KoinBX” in order to facilitate entry of crypto projects and traders into the platform while also creating a new identity for the platform.
Commitment To Users
The team at KoinBX has committed themselves to provide their users with top-notch quality services with heartfelt commitment from all around the world. As a centralized exchange, security protocols have been integrated into the system in order to guarantee safety and security for all users’ data and funds.
Fraud Check & Regulatory Compliance
In order for KoinBX to accomplish anything they must respect regulatory compliance as well as safeguard customers’ interests through proper fraud check procedures. Through this process KoinBX promises not to let any promising Crypto startup fade out while also being ready onboard millions of users worldwide into Crypto through its revamped platform.
While there are billions of people in the world utilizing different Cryptocurrencies and exchanges, KoinBX will be introducing many new features such as improved user interface design and enhanced trading experience that were not available with traditional exchanges priorly.
Koinbazar has now undergone their rebranding process which was done so that they may better serve their users by providing them with great quality services as well as safe trading experiences without compromising customer interests or regulatory compliance standards set forth by law enforcement agencies worldwide
• Binance will adjust the TRON Network Withdrawal Fees in accordance with the most recent proposal accepted by the TRX community to switch the energy charging system to a dynamic energy model.
• The withdrawal fees have been increased from 1 to 2.6 units for USDT /USDC /TUSD and 0.8 BUSD to 2.2 BUSD for Binance stable coin, while 15 TRX instead of 1 TRX is required for TRX withdrawal.
• Prior to this, Binance wallet maintenance was done on the Tron Network (TRX) which took about two hours.
Binance Adjusts Tron (TRX) Network Withdrawal Fees
Binance recently announced an adjustment in withdrawal fees on its Tron Network (TRX). This change follows proposal 83 that was approved by the TRX community in order to switch from an energy charging system to a dynamic energy model.
Changes To Different Assets
The new fee structure applies differently to different assets: USDT /USDC /TUSD withdrawal fees have been increased from 1 unit to 2.6 units, while the charges for withdrawing Binance stablecoins have been changed from 0.8 BUSD to 2.2 BUSD. For TRX withdrawals, users must now pay 15 TRX instead of just 1 TRX previously.
Dynamic Energy Model Explained
The dynamic energy model is a strategy put out by the community which adjusts future contract energy use based on current usage or TIP-491 – avoiding excessive network resources being concentrated on few contracts and making resource allocation more reasonable across chains over time.
Prior Wallet Maintenance On Tron Network
Before these changes were implemented, there was a wallet maintenance for Tron Network (TRX) which took about two hours and allowed users to access their funds after it was completed successfully .
The new changes are expected improve user experience on the platform as well as ensure better management of resources available on the chain and optimize overall performance of transactions going forward