December 14, 2023 2:29 AM | 1 min read
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer’, Shiba Inu (CRYPTO: SHIB), rose by 6% over the past day. This gain notably outshined its meme cryptocurrency rivals, including Dogecoin and Pepe (CRYPTO: PEPE).
What Happened: Cryptocurrency analyst AlanSantana shared insights on Shiba Inu’s trajectory, suggesting a potential pattern in its price movement.
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“It will be a standard correction… Just as it happened after the peak in August, Shiba Inu retraced for about 2 months. We have a lower high in December which can lead to another correction, maybe 3-9 weeks in duration.”
The analyst added, ” June – August = Bullish Wave. August – October = Bearish Wave. October – December = Bullish Wave. December – February = Bearish Wave. Then we are likely to experience sustained long-term growth but retraces, shakeouts, price swings and corrections will continue to show up.”
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Shibarium, Shiba Inu’s Layer-2 scaling solution, has recently experienced a swell in transaction activity on its network, culminating in a colossal burning of 8.2 billion SHIB tokens last week. The official Shiba Inu burn tracker has reported a 61% surge in daily token burns.
The practice of token burning, however, sparks contentious discussions within the Shiba Inu community on social platforms.
Price Action: At the time of writing, SHIB was trading at $0.0000099, up 8% in the last 24 hours according to Benzinga Pro.
Photo by Dennis Diatel on Shutterstock
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
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