Market News

PayPal’s move sparks SHIB coin to surge by $0.000030 – What’s behind the sudden rise?

Coin, Move, PayPals, Rise, SHIB, Sparks, Sudden, Surge, Whats

In a surprising turn of events, PayPal’s recent announcement has sparked a massive rally in the value of Shiba Inu (SHIB) cryptocurrency. The popular online payment platform’s decision to offer support for SHIB trading has caused a surge in its value, with each token now worth $0.000030. This news has sent shockwaves through the crypto Market, as investors scramble to capitalize on this sudden opportunity.





Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators



Shiba Inu’s price has seen a significant 25% surge following the announcement of an operational partnership with Paypal Inc. This collaboration with MoonPay aims to make it easier for US customers to buy SHIB tokens, leading to positive reactions from investors.

The latest data indicates that SHIB’s price has increased by 25% since the confirmation of the PayPal partnership on May 2, 2024. This surge suggests a growing demand for SHIB, with holders anticipating further uptrends.

Moreover, the supply of SHIB on exchanges has decreased from 75.36 trillion tokens on May 2 to 75.04 trillion tokens on May 7. This shift of 32 billion SHIB into long-term storage highlights the bullish sentiment among current holders, potentially driven by the expectations of future price gains.

As for the price forecast, SHIB is currently trading at $0.000024. With the decline in exchange supply during the price surge, there are fewer holders looking to sell in the short term. This sets SHIB up for a potential breakout above the $0.000030 level in the next demand surge.

However, SHIB bulls may face resistance at the $0.000027 level based on the upper Bollinger band indicator. If this obstacle is surpassed, SHIB could retest the $0.000030 milestone for the first time in over 60 days, signaling a positive outlook for the coin in the near future.

Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators



1. Why did PayPal spark a $0.000030 SHIB rally?
PayPal’s announcement of accepting SHIB as a form of payment likely caused an increase in demand for the token, leading to a rally in its price.

2. Will the rally continue for SHIB?
It’s difficult to predict the future of the Market, so we can’t say for sure if the rally will continue. Keep an eye on the news and Market trends for updates.

3. How can I buy SHIB on PayPal?
To buy SHIB on PayPal, you’ll need to fund your account and search for SHIB in the cryptocurrency section. Select the amount you want to buy and complete the transaction.

4. Is SHIB a good investment?
Investing in cryptocurrencies like SHIB carries inherent risks, so it’s important to do thorough research and consider talking to a financial advisor before making any investment decisions.

5. Can I use SHIB to make purchases on PayPal?
Yes, if PayPal accepts SHIB as a form of payment, you can use it to make purchases on the platform. Just make sure to check for any fees or restrictions before using SHIB for transactions.

Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators

Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators


  • Top Crypto Picks for 2024: Expert Recommendations for Maximum Investment Growth

    Top Crypto Picks for 2024: Expert Recommendations for Maximum Investment Growth

    Looking to invest in cryptocurrency but not sure where to start? Look no further! Our experts have compiled a list of the best crypto to buy in 2024. With their expertise and analysis, you can make informed decisions on which coins to add to your portfolio. Stay ahead of the game and secure your financial…

  • Binance’s Crypto Reaches All-Time High, Surpassing $700! Startling News!

    Binance’s Crypto Reaches All-Time High, Surpassing $700! Startling News!

    Binance’s native cryptocurrency BNB reaches an all-time high, surpassing the $700 milestone. The popular digital asset has seen significant growth in recent months, reflecting the interest and confidence in the Binance platform and its offerings. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post Win Up…

  • Bitcoin Keeps Winning! ETF Surges for 15 Straight Days!

    Bitcoin Keeps Winning! ETF Surges for 15 Straight Days!

    Bitcoin ETF has been on a winning streak, experiencing 15 days of continuous gains. This surge in value has sparked renewed interest in the popular cryptocurrency among investors. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post Win Up To 93% Of Your Trades With The…

Leave a Comment

If You Had Invested $1000 in Ethereum Before BTC halving Event 2020 Bitcoin’s Post-Halving: Rally or Correction Ahead Trinity Lutheran School Celebrates Earth Day Early with Cleanup Bitcoin Halving: A Profitable Investment Strategy Walmart Shoppers Eligible for Up to $500
If You Had Invested $1000 in Ethereum Before BTC halving Event 2020 Bitcoin’s Post-Halving: Rally or Correction Ahead Trinity Lutheran School Celebrates Earth Day Early with Cleanup Bitcoin Halving: A Profitable Investment Strategy Walmart Shoppers Eligible for Up to $500
If You Had Invested $1000 in Ethereum Before BTC halving Event 2020 Bitcoin’s Post-Halving: Rally or Correction Ahead Trinity Lutheran School Celebrates Earth Day Early with Cleanup Bitcoin Halving: A Profitable Investment Strategy Walmart Shoppers Eligible for Up to $500