In this article, we highlight three reasons why the Shiba Inu price remains fascinating to watch in the weeks ahead before discussing Shibie Coin's (SHIBIE) ongoing presale, which aims to raise $1 million for project development
Firstly, the upcoming launch of Shibarium is one of the main reasons to monitor the Shiba Inu price in the coming weeks.As a scaling solution, Shibarium will enable faster and cheaper SHIB transactions, with the aim of making the token more usable for payments and decentralized applications.
Adding SHIB as a collateral asset could increase demand for the token, given that it could now be used to acquire loans – thereby adding some much-needed utility. Ultimately, Binance offering both tokens would signal its commitment to the entire Shiba Inu ecosystem, which may positively affect SHIB's price.Lastly, SHIB could also be worth watching from a technical perspective, given that the token’s price has just broken below the 20-day Exponential Moving Average on the 4-hour price chart.
Regardless, the fact that SHIB has fallen below the 20-day EMA could be a bearish signal that precedes further downside. Shibie Coin's presale has garnered early investor participation, with over $168,000 contributed so far.
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