As a seasoned researcher with years of experience navigating the tumultuous waters of the cryptocurrency market, I have seen my fair share of meme coins that promise the moon but fail to deliver. However, Shiba Inu (SHIB) is one coin that has consistently managed to surprise me.
Shiba Inu (SHIB) is experiencing a significant turning point as large investors within its market are propelling it to new peaks. According to data from crypto analytics platform IntoTheBlock, these ‘whales’ have transferred 12.16 trillion SHIB tokens in a day, which represents a 41% increase over the past 24 hours. As the price recovers, these whales could potentially dictate the trend.
Where is Shiba Inu price heading to?
Despite the sustained hype in the Shiba Inu ecosystem, the SHIB whales might make a real difference. Over the 24-hour period, the meme coin has seen more than 520 large transactions, valued at at least $100,000.
The reason behind this sudden increase or trading activity with Shiba Inu is still evident. Over the past week, its price has dropped significantly from $0.00002395 to as low as $0.0000186. However, with large investors showing renewed interest, it’s possible for Shiba Inu to regain its lost position in the market.
It appears that Shiba Inu (SHIB) whales have temporarily gone inactive during a period of price decrease, which is often referred to as a ‘latency period’. Their recent return indicates optimism and could potentially drive prices up towards $0.000025 if the current trend of whale activity continues.
Leaning on SHIB team
Given the significant fluctuations in the market, not all meme coins possess the necessary foundational strengths to support substantial growth spikes, like Shiba Inu. However, the team behind this project has consistently introduced innovative products, listed their tokens on various platforms, and even conducted airdrops for their community members.
This activity shows that Shiba Inu is rapidly advancing, with Shibarium leading the charge and achieving significant breakthroughs along the way.
These advancements and enhancements have established Shiba Inu as a project with a more substantial worth than just the common hype associated with meme coins. Currently leading the pack of meme coins, Shiba Inu is capitalizing on its robust trading volume among various metrics to continue its upward trajectory.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- POL PREDICTION. POL cryptocurrency
- Brent Oil Forecast
- EUR CNY PREDICTION
- EUR ZAR PREDICTION
- Hunter x Hunter: Togashi Reveals the Rarest Nen Type In The Series
- USD PHP PREDICTION
- OKB PREDICTION. OKB cryptocurrency
- HBOs The Last of Us Used Heavy Make-up To Cover One Characters Real-Life Injury
- ZIG PREDICTION. ZIG cryptocurrency
2024-12-21 16:20