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Shiba Inu Price Prediction as SHIB Becomes Best Performing Coin of the Market – Are Whales Buying?

The latest price of Shiba Inu stands at an impressive $0.000008, accompanied by a substantial 24-hour trading volume of $26 million.

Experiencing a nearly 4.50% surge in the past 24 hours, Shiba Inu has claimed the top spot as the best-performing coin in the market.

As the cryptocurrency gathers steam, there’s heightened interest among investors to discern whether prominent whales are making their entry into the market, which could potentially be driving the ongoing rally.

This Shiba Inu review delves into the latest happenings concerning SHIB and investigates the influence of whale activity on its price direction.

Shiba Inu Whales Make Significant Increase in Large Transactions, Reports Analytics Service

There has been a significant 197% increase in substantial transactions carried out by Shiba Inu whales over the past 24 hours.

These transactions, each exceeding $100,000, have been closely tracked by IntoTheBlock, a service specializing in on-chain analytics.

Based on their blockchain data, the previous day witnessed a hefty total of $12.54 million in such large-scale transactions, indicating a striking 197% rise.

The data derived from these significant transactions provides essential insights into the buying or selling tendencies of these influential market whales.

In the past week, there’s been an exceptional 326% increase in net flows from large-holders, signifying significant shifts in positions among whales and investors.

This rise in net flows could suggest that significant holders or whales are accumulating more.

The increased activity of Shiba Inu whales in conducting sizable transactions may indicate a bullish sentiment, potentially driving the cryptocurrency’s price upwards.

However, it’s important to recognize that other factors can also contribute to the price movement.

Shiba Inu Price Prediction

From a technical viewpoint, the Shiba Inu (SHIB) market is exhibiting bullish tendencies after it successfully breached the triple-top resistance level, which lies around $0.00000802.

This level also bolsters the Shiba Inu price, and is further fortified by the 50-day exponential moving average, as seen in the four-hour timeframe.

Additionally, if Shiba Inu manages to overcome the resistance level near $0.00000845, which is another triple top resistance, the next resistance zone is likely to be close to $0.00000890.

Conversely, if the price undergoes a bearish dip below the $0.00000802 level, the ensuing support level is expected to be around $0.00000779 or $0.000007644.

Promising Altcoins to Watch Closely

As you navigate the cryptocurrency market, it’s essential to keep track of the performance and growth trends of emerging altcoins that exhibit potential and promise. Stay alert and informed to uncover their fascinating opportunities.

$EVILPEPE in Highlights

$EVILPEPE, a community-centered meme token on the Ethereum blockchain, masterfully merges the thrill of meme culture with the allure of financial speculation. Its ultimate goal is to forge a bold and unabashed community by leveraging the universal sentiment of FOMO.

Standing as an innovative and unique token, $EVILPEPE has already achieved a sell-out of 1.6 million, demonstrating its significant growth potential.

Being the daring counterpart of Pepe Coin, the best-performing meme coin of 2023, $EVILPEPE is well-prepared to expand on its predecessor’s success with its distinctive strategy.

Join the $EVILPEPE community today to partake in the upcoming sensation in meme culture and financial speculation.

Seize this chance to be audacious and unabashed in the company of like-minded individuals.

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What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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