Repost-SHIB/USDT-Steemit Crypto Academy Trading Competition [TEAM FRONTLINE] - S6T4

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I hope everyone will be healthy. I am Wasim from Pakistan. I am going to work in the team front line this week. Thanks professor of team Frontline

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The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc

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SHIBA inu is a Ethereum-based crypto coin

shiba inu is the name of the most famous coin, its short name (SHIB) is from a breed of Japanese hound dog, in fact it was made to break the record of the old coin Dogecoin coin. Its purpose was to be stronger than the old coin
This coin is based on Ethereum blockchain technology and is an altcoin based on Ethereum
This coin is known by its holders as Dogecoin killer and it was created for this purpose.
The coin was minted by an unknown group known as Ryoshi who founded shiba inu in August 2020.
The SHIB coin and the Dodge Coin are similar coins with a very similar logo, which can also be called a Mimi coin. This coin was made as a joke.
If we talk about the value of this coin, then this coin has increased ten times more than its original value after 2021 and by the end of the year 2021 it reached 41 41 billion in October which was really a very high value. Due to price and market capitalization, this coin had made its place in the cryptocurrencies which were in the top ten.
Another reason for this is the famous Elon Musk who mentioned this coin many times in his Twitter tweets and looked very enthusiastic about it.
Elon Musk tweeted on October 3, 2021, showing a picture of Sheba Anu as a dog, which greatly increased the value of the coin.
There was a lot of talk about this coin on different social media Tesla accept this SHIB INU coin or hold this coin etc.

  • SHIBA INU EXCHANGES platforms.
    1Binance
    2FTX
    3Bithumb
    4 Huobi Global
    5FTX US
    5Kucoin6
    Gate.io
    7MEXC
    8Coinbase
    9OkEX
    10Wazirx
    11bitfinex
    12poloniex etc platform

  • SHIBA INU COINMARKETCAP DETAILS.

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Rank #15
SHIB INU price $0.00002656
Lowest in 24h $0.0000251
Highest in 24 h $0.00002688
Market cap $14,568,579,346
Fully Diluted Market Cap $15,684,913,737
Volume 24h $1,030,620,769
Volume/market cap 0.07062
Circulating Supply 549,063.28B SHIB
Total supply 589,735,030,408,323

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Why are you optimistic about this token today, and how long do you think it can rise?

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I'm excited about this coin
Sheba Anu has a good market picture which is in the top 30. At the moment, Queen is ranked 15th in the market camp.
The coin's capitalization and volume are increasing on a daily basis. Its volume has increased by 5.11% in the last 24 hours.
As you are present on almost every platform from which you can easily buy and sell this coin and it is becoming very popular among the people.
Elon Musk is now the richest man. He is very interested in meme coins and keeps talking about corrupt currency
He also mentioned Sheba Anu in his Twitter tweet
He said in his tweet that he would like to buy Sheba
With just one tweet, the value of the coin increased by 400%
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How to analyze the token? (using the analysis knowledge learned from professors’ courses)

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For technical analysis of this coin I used binance mobile application. I drew a chart of this coin and set this chart in time frame of 4 hours and on this chart I made any support and resistance line. I also applied stop loss to avoid damage
When I analyzed it, I saw the fast moving MA line breaking the medium speed line and going up fast. It would also cross the running MA line. It was signaling an excellent entry, so I made my entry at the same point. The one selected.

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As soon as I got the entry signal, I opened my mobile application called binance
I had about 14 usdt in my wallet. I bought a coin from him. When I entered, it was worth 0.00002553.
I intend to keep this coin for a short period of time so I also opted for a stop loss for working hours which is only fifty cents less to reduce my chances of loss. Will
I have given proof of my admission in the screenshot
You can confirm my transaction with my transaction id.

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Do you recommend everyone to buy? and the reasons for recommending/not recommending

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I would not advise anyone to buy (SHIB) token۔

although
this token can give good profit and its structure is also good.
However, I would not advise anyone to buy this coin or any other coin.
We all know that the market never operates according to human desires, therefore the market fluctuates.
This is a dangerous market because we do not know the future
Sometimes, even after a thorough analysis, the market does not move according to the analysis and starts moving in the opposite direction, which leads to huge losses. I will not give advice because some people have the courage to bear the loss and some people do not have the courage to bear the loss
Man should only invest as much as he can afford
Therefore, before buying any coin, do a thorough analysis and buy the coin at your own risk

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Anything other users want to share about the token/project

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Sheba Anu is a good coin no doubt about it but almost half of its shareholders are now black.
I think the day the richest man in the world talks negatively about this coin in his tweet in Elon Musk, its value will fall back.

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Thanks professor for amazing contest
@shemul21 @abdu.navi03

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