Shiba Inu Price Prediction as SHIB Sees $1 Billion Trading Volume Kick In
Shiba Inu price prediction remains bullish above $0.0000116 as it has increased by more than 1.5% in the last 24 hours and more than 20% in the previous seven days to trade at $0.000012.
The majority of the bullish bias has been triggered by a surge in Shiba Inu trading volume exceeding $1 billion.
On October 29, Shiba Inu's official Twitter account released another teaser featuring the SHIB army. This time, it tweeted "Shib is..." and invited the community to share their thoughts on what the SHIB token meant to them.
Commentators reacted enthusiastically, using terms like "Dog killer," "hope," and "the best cryptocurrency."
The Shiba Inu account on Twitter frequently posts hints about the Metaverse or updates on the SHIB ecosystem.
In a similar teaser, the official Shib account tweeted, "Ryoshi is..." Shiba Inu's unknown creator decided to emulate Satoshi Nakamoto, the person who created Bitcoin, by following in his footsteps.
Ryoshi deleted all of his social media posts and vanished, claiming Shiba was more important than him. The SHIB army's confidence could be one of the reasons for the SHIB/USD price increase.
Furthermore, according to CryptoDep data, SHIB received nearly 13 million social mentions on Twitter on October 25, including upvotes and retweets from followers. Dogecoin (DOGE), a competitor meme coin, received 18.2 million social media mentions.
The DOGE Army controls only 1.33% of the social media market, while the SHIB Army controls 2%. As a result, it demonstrates that the SHIB Army is more powerful than its DOGE counterpart.
Shiba Inu (SHIB) may follow in the footsteps of Dogecoin (DOGE), which had a very successful week following Elon Musk's acquisition of Twitter, according to recent Santiment information.
Read more on cryptonews.com
