I've been in my SHIB position for a while now. I am thinking price will be able to push higher if it is able to survive the onslaught of Central Bank Rate Hikes and the negative crypto news that have been coming out lately. There are things in work for SHIB, but it all comes down to if people what to get in the coin or not. For now, without the easy that was there back in 2021, it is difficult to say that SHIB can climb higher, even with things like the crypto burns and Shibrium (I think that's how you spell it). But here is how I am going at it. First I am ok with losing the money I placed on it. Which means that I don't have my whole life's savings on this coin and I am not doing that "Yolo" stuff. So I got my mindset in the correct path. I am look for price to push lower, to the 0.000008 lvl to purchase some more coin. I am thinking price might hit the 0.000005 and at this lvl, I'll purchase some additional coin. I am thinking people who are already in the coin are going to hold anyways since what else is to do, sell?? They have likely came to terms with, if the coin tanks, I already knew this was going to happen. Moving on, one I get into my final position, that's it. I just wait and see what price does. The coin will just need to last until 2024 and if it does, I think price will be able to start pushing higher and hit 0.00001 sometime in late 2024 or mid 2025.
Of course there are many other things that come into play that could affect the coin. One being the regulations that are attempting to be pushed out to deal with crypto. Then you got the geo political issues and whatever else is being cooked up across the globe. But I must say, if price does push higher, I'll be one happy camper, indeed. Y'all have a great trading year out there.
Of course there are many other things that come into play that could affect the coin. One being the regulations that are attempting to be pushed out to deal with crypto. Then you got the geo political issues and whatever else is being cooked up across the globe. But I must say, if price does push higher, I'll be one happy camper, indeed. Y'all have a great trading year out there.
Comment:
SHIB hasn't been moving too much and seems to be pulling lower. But I am still going to hold. Burning has still been going on, SHIBARIUM is in the Beta phase, there are some Whales moving a bunch of tokens, and there is billions of tokens getting burned by the Kyoto Project. Seems like this project is very willing to support the SHIB coin and looking to burn more coins. So, there are things in the works, which sound good, but only time will tell for now.
Comment:
Price has been stuck in a range. The FED Rate Monitoring Tool is showing over a 70% chance of a FED Rate Hike in May. With the CPI data coming out tomorrow, we will see if this stays. I have some entries in place if SHIB does move lower, but the longer SHIB holds out, there is more case that it will be able to start pushing higher next year. SHIB has held up this long with the onslaught of rate hikes and a deteriorating economy. This is a nearer term play, but if it all pans out, then SHIB is likely to drop a couple zeros.
Comment:
It's been awhile since updating, but I am still in my position. I am in a full position I wanted to get in and my breakeven point is around 0.000017. Price is pushing higher and a zero was dropped. Will this hold, it is difficult to tell. There are a lot of people that bought SHIB and had to hold onto a loss, so I am thinking that when price pushes up to 0.000020, there is likely to be a lot of selling of those that want to rid themselves of the feeling of possibly losing their money. This is good, because it'll shake out the weak players and leave those that still have the faith that price will push higher. I will still continue to hold and see if price will still be able to climb.