{"id":564045,"date":"2024-08-13T10:41:17","date_gmt":"2024-08-13T10:41:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=564045"},"modified":"2024-08-13T10:39:49","modified_gmt":"2024-08-13T10:39:49","slug":"shiba-inu-price-prediction-shib-whale-activity-soars-240-but-could-its-upgrade-be-the-next-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shib-whale-activity-soars-240-but-could-its-upgrade-be-the-next-to-explode","title":{"rendered":"Shiba Inu Price Prediction: SHIB Whale Activity Soars 240%, But Could Its Upgrade Be the Next to Explode?"},"content":{"rendered":"

The Shiba Inu price dropped 1% in the last 24 hours to trade at $0.00001364<\/a> as of 4.40 a.m. EST on trading volume that went up 3% to $321.9 million.<\/p>\n

The token saw strong price volatility, both in the last 24 hours and in the last week. Its value was known to sink below $0.0000130 and surge beyond $0.0000145. This is notable as it may have been affected by the recent surge in whale activity.<\/p>\n

According to reports<\/a>, the second-largest meme coin experienced a major boost in whale activity, with large transaction volume metric soaring by over 240%, especially in the last 24 hours. This highlighted intensified movements among major Shiba Inu (SHIB) holders.<\/p>\n

The reports go on to say that the metric went up from 326.98 billion SHIB to 781.4 billion SHIB, which suggests a sharp rise in substantial transactions.<\/p>\n

With the transaction volume including trades higher than $100,000 seeing a sharp rise — as many as 45 major transactions within a 24-hour timeframe — the move had a strong impact on the token’s market volatility.<\/p>\n

Shiba Inu Price Prediction<\/h2>\n

The Shiba Inu price has seen great volatility, and it doesn’t seem like it will end soon. Numerous technical indicators suggest that the price is not yet ready to settle.<\/p>\n

SHIB Bollinger bands, for example, remain wide, which is typically a bullish signal. However, the SHIB price is currently pushing the lower band further down, which is, obviously, bearish behavior.<\/p>\n

\"Shiba<\/p>\n

On the other hand, the project’s Relative Strength Index (RSI) value has recently dropped from the neutral zone to the oversold area, suggesting that the bears are in control of the market.<\/p>\n

It is worth noting that this might be an indicator that the situation could change in the near future, and perhaps offer an opportunity for the buyers to buy SHIB at a low price. The meme coin seemingly found its bottom at $0.0000130, which was the lowest point it reached in the past six months.<\/p>\n

But, SHIB has also been spiraling further and further down since March, so this downward trend could continue until the moment the next year-long rally starts. In other words, traders need to keep a close eye to the project and the rest of the market and if they buy at just the right time, they could see major profits when the rally kicks off.<\/p>\n

Promising Alternatives to SHIBA<\/h2>\n

With the Shiba Inu being as highly volatile as it is right now, one of the best alternatives for investors is to go for the newest Shiba Inu clone, Shiba Shootout (SHIBASHOOT)<\/a>. Not only is the project immune to volatility due to it being in the presale stage, but many believe that its potential goes beyond the original.<\/p>\n

Shiba Shootout is the new Shiba-based meme coin that places the popular meme dog into the Wild West. The project doubles as a P2E game that is completely Shiba-themed, introducing characters such as Marshal Shiba, Shiba Sharpshooters, and the fictional Wild West town of Shiba Gulch.<\/p>\n

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Everyone's talking about us Sharpshooters 🚀 get involved now while your still so so early! Join Mashal Shiba an the sharpshooter community today!! 🤠 🤠 💥 🔫 🔫 https:\/\/t.co\/OhG19zdBR2<\/a><\/p>\n

— shibashootout (@shibashootout) August 12, 2024<\/a><\/p><\/blockquote>\n