Crypto.com has unveiled a groundbreaking trading feature tailored for Shiba Inu (SHIB) enthusiasts – strike options. This novel addition empowers traders with a fresh approach to interact with the immensely popular cryptocurrency. With a modest entry threshold of $10, investors can now speculate on SHIB’s price movements within a concise 20-minute timeframe.
Regulated by the Commodity Futures Trading Commission (CFTC) in the United States, strike options emerge as a promising avenue in the crypto derivatives arena. Traders are tasked with foreseeing whether SHIB’s price will surpass a predetermined threshold by the contract’s conclusion.
By opting for a “Yes” contract and accurately predicting the outcome, traders stand to gain a predetermined profit. Conversely, selecting “No” limits potential losses to the initial investment and trading fees if predictions falter. Strike options are engineered to furnish traders with transparent and lucid trading experiences, where potential gains and losses are crystal clear from the outset.
Shiba Inu’s Price Ascent: Battling Resistance Levels
SHIB enthusiasts, driven by bullish sentiment, are not merely aiming to remove one zero from the token’s price; they’re ambitiously pushing towards the elusive ‘one-cent dream.’ Despite its widespread popularity, SHIB finds itself grappling with the formidable barrier at $0.000001.
Analysis from IntoTheBlock highlights substantial resistance levels ranging between $0.000010 and $0.000027. Notably, 404,100 addresses collectively hold a staggering 615.41 trillion Shiba Inu at an average price of approximately $0.000016. Overcoming the current selling pressure from these investors is imperative for Shiba Inu’s upward trajectory.
Undoubtedly, SHIB enjoys a fervent following, with its supporters affectionately dubbed the SHIB Army, a potent force in the crypto landscape. This community has a track record of achieving objectives through collective action. However, elevating SHIB’s price has proven to be a formidable challenge, despite concerted efforts.
As the SHIB Army continues its campaign, the journey towards the ‘one-cent dream’ remains fraught with obstacles. Nevertheless, the unwavering dedication of SHIB enthusiasts ensures that the pursuit of this ambitious goal persists, fueled by optimism and a shared vision for the token’s future.