Is Now The Time To Buy Shiba Inu (SHIB) or Is Something New On The Horizon You Should Take Note Of Instead?

With new market forces and new entrants in the market, is the price of Shiba Inu still due for massive gains or is a new player like Panshibi (SHIBI) in the spotlight?

Shiba Inu's price has been consolidating in recent days and has failed to breach important levels of resistance. Today, SHIB is , and market analysts are watching to see if and when it will continue to apply pressure to the upside. A breach above the $0.0000092 level could have SHIB testing all-time highs, but a decline in trading volumes is a worry for a prolonged uptrend.

According to analysis by SHIB has closed higher for the past two days and opening a long position to capitalize on the upward momentum may be a great investment decision.

Despite the lackluster price action, Shib is still a good contender in the crypto space. Shibarium, a scaling solution for Layer-2, is still opening new use cases in the ecosystem, propelling adoption and velocity in transactions.

There has been an accumulation among whales, and large investors still have faith in the token. Meme token sentiment can, however, flip in a very short time period, and alternative options like Panshibi have been tested out by a few investors.