Shiba Inu Price Prediction as SHIB Pumps Up 15% in 24 Hours – Are Whales Buying?
The Shiba Inu token is certainly riding high, extending its rally beyond the 0.000010 mark, marking a robust uptrend buoyed by some key influencers.
Notably, the Shibburn initiative, which reported a hefty 21.8% increase in Shiba Inu's burn rate, culminated in around 28.8 million meme tokens being transferred to "inferno" wallets, effectively taken out of circulation.
This strategy has significantly fueled the ongoing positive price momentum for Shiba Inu. In further optimistic news, Shiba Inu outperformed 4,481 other coins to top LunarCrush's AltRank, recording an impressive price surge.
Furthermore, the recent 10% surge in Shiba Inu's LEASH token, following its listing on StealthEX exchange, adds another positive note to Shiba Inu's market narrative.
Moreover, the recent listing of a major Shiba Inu token played a crucial role in supporting and boosting the overall price of the Shiba Inu coin.
Consequently, SHIB itself saw a remarkable rise of 9.24% in the past 24 hours.
Thus, the combination of these factors has led to the ongoing winning streak and the significant surge in the price of the Shiba Inu coin, pushing it above the 0.000010 level.
Shiba Inu has hit a notable milestone by securing the top position on LunarCrush's AltRank, outpacing over 4,481 other cryptocurrencies in terms of social and market activity.
In the past 24 hours alone, it generated an impressive 200,365,743 social engagements and witnessed a 6% price increase to $0.0000096.
On-chain analytics from Sentiments show a substantial 51% price spike in just under four weeks, coupled with a surge in trading volume and a decrease in Shiba Inu tokens' availability on exchanges.
This may indicate that investors are retaining their tokens for the long haul,
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