Shiba

Shiba Inu

Trillion

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Dog-themed <a href="https://u.today/shiba-inu-whales-pause-for-breath-as-gigantic-228-trillion-shib-hurdle-looms" rel="noopener noreferrer nofollow">Shiba Inu</a> reached a stalemate in its price action after bulls' attempts to lift SHIB back over $0.00001 were met with resistance on many occasions.
The Shiba Inu price continues to consolidate below this level, still unable to break above it. The coin is currently trading at $0.000009, up 0.46% in the last 24 hours. The coin has a market capitalization of $5.3 billion, ranking 18th among the top cryptocurrencies.
While bulls think of the next trick in the books, Shiba Inu is faced with a gigantic wall that might trigger 150% to 200% gains if surmounted. The Shiba Inu price would need to overcome this sell wall to unleash a massive rally that could take it to $0.000027, an about 200% increase from the current price of $0.000009024.
According to <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>'s break-even price, Shiba Inu faces a sell wall at the $0.000009 and $0.000027 levels, where 635.38 trillion <a href="https://u.today/shiba-inu-shib-holders-must-pay-attention-to-this-urgent-warning-details" rel="noopener noreferrer nofollow">SHIB</a> were bought by 457,771 addresses for an average price of $0.000015.
This implies that over 457,000 Shiba Inu addresses would need Shiba Inu to increase to these aforementioned price ranges for them to break even.
<h2 id="shiba-inu-sees-spike-in-network-transaction-count">Shiba Inu sees spike in network transaction count</h2>
According to IntoTheBlock <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">data</a>, Shiba Inu is seeing a jump in the number of transactions metric, which reflects the number of transactions for a specific crypto asset on a given day.
Shiba Inu saw a jump in the number of transactions from 3,200 on Jan. 25 to 3,380 on Jan. 26.
The number of transactions partially reflects the utility obtained from a crypto asset. While this indicator, similar to daily active addresses, tends to move in tandem with price, a divergence between the two indicates less speculative and more organic use of the underlying crypto asset.
The 24-hour transaction volume for Shiba Inu came in at 3.4 trillion SHIB.

Shiba Inu Could Surge 150%, How 635 Trillion SHIB Level Comes to Play

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