Shiba Inu A Recommended Hold By Crypto Trader Amid Bitcoin Surge

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, spotlighted Shiba Inu as a top asset to hold. Her recommendation came amidst whispers of Bitcoin reaching a towering $75,000.

Blockchainedbb voiced her thoughts on X, reacting to Coinbase’s latest move. America’s largest crypto exchange announced plans to list future contracts for SHIB. Last Friday, Coinbase filed five new futures products with the U.S. Commodity Futures Trading Commission (CFTC). Among them was one linked to SHIB, set to launch trading by July 15.

Coinbase’s strategy aims to offer users more avenues to manage risk and engage in the crypto economy with lower initial investments. The exchange believes that adding Shiba Inu futures will diversify its offerings and enhance user experience. This development sparked optimism in the crypto community, especially among the SHIB Army.

Blockchainedbb’s endorsement of Shiba Inu aligns with this wave of positivity. 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 Reacts

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. She warned, though, that altcoins like SHIB could dip further if Bitcoin corrects to $58,000. However, she reassured that acquiring SHIB through the spot market is safe, as it would likely rebound post-dip. 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.