Shiba Inu (SHIB) Spotlighted by Blockchainedbb, Targets $0.0001 as Bitcoin (BTC) Eyes $75K

In the bustling world of cryptocurrency, Shiba Inu (SHIB) recently gained attention due to Blockchainedbb. This full-time crypto trader, known for her keen market insights

Blockchainedbb, a full-time crypto trader renowned for her market insights, recently highlighted Shiba Inu (SHIB) as a top asset to hold, especially as whispers of Bitcoin reaching $75,000 circulate. This endorsement comes as Coinbase prepares to launch futures contracts for SHIB, a move that has instilled optimism within the crypto community.

Blockchainedbb reacted to Coinbase's announcement of new futures products, including one linked to SHIB, to be launched by July 15. This strategy aims to offer users more avenues to manage risk and engage in the crypto economy with lower initial investments.

Blockchainedbb's enthusiasm for Shiba Inu aligns with this wave of optimism. She identified SHIB as one of her top recommendations in light of the anticipated Bitcoin surge. According to her, Shiba Inu's potential to unlock retail liquidity makes it a valuable asset during the expected price rise. She emphasized that SHIB is an easy-to-hold asset for investors looking to expand their portfolios.

Shiba Inu Community Leans In

During a recent discussion, a crypto enthusiast inquired about purchasing Shiba Inu at its current market value. Blockchainedbb advised acting now, with SHIB priced around $0.000017, rather than waiting for a potentially missed bottom. However, she warned that altcoins like SHIB could dip further if Bitcoin corrects to $58,000.

She reassured that acquiring SHIB through the spot market is safe, as it would likely rebound post-dip. However, she noted that leveraged long positions could face liquidation during sharp price drops.

SHIB has previously benefited from Bitcoin's bullish runs. When Bitcoin hit an all-time high above $73,000 in March, SHIB soared by nearly 400%, reaching $0.00004534. Analysts foresee a resurgence of this momentum, potentially pushing Shiba Inu to the $0.0001 range.

At press time, Bitcoin trades around $62,800, while Shiba Inu sits at $0.00001713. A 20% rally would propel Bitcoin to its $75K ATH, with SHIB likely following suit. The crypto world watches closely as these assets chart their next moves.🎜

The above is the detailed content of Shiba Inu (SHIB) Spotlighted by Blockchainedbb, Targets $0.0001 as Bitcoin (BTC) Eyes $75K. For more information, please follow other related articles on the PHP Chinese website!