Shiba

Cryptocurrency

2024

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p lang="en-GB" xml:lang="en-GB">Cryptocurrency analyst and trader Ali Martinez has shared analytics data from a popular indicator that “has proven remarkably precise in predicting <a href="https://u.today/mind-blowing-800-billion-shiba-inu-shib-on-move-whats-happening" rel="noopener noreferrer nofollow">Shiba Inu</a> price movements.” Now, this indicator says the second largest meme cryptocurrency is seeing massive growth of 122,122.22% and burn whopping four zeros.</p>
<h2 id="shib-could-potentially-reach-0-011">"SHIB could potentially reach $0.011"</h2>
<p lang="en-GB" xml:lang="en-GB">Martinez has tweeted the TD Sequential Indicator shows a buy signal for popular meme cryptocurrency Shiba Inu. The analyst believes that this reading hints that the SHIB price could be preparing to make an upswing and potentially climb to the $0.010 level or even reach $0.011, burning a whole four zeros.</p>
<p lang="en-GB" xml:lang="en-GB">This potential growth would constitute a mind-blowing 122,122.22% from the price of $0.00000910, where SHIB is exchanging hands at the time of this writing.</p>
<blockquote>
 <p lang="en" dir="ltr">The TD Sequential indicator has proven remarkably precise in predicting <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInu</a> price movements. Currently, it's flashing a buy signal, hinting that <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> could be gearing up for an upswing. Keep an eye out, as <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> could climb to $0.010 or potentially even reach $0.011! <a href="https://t.co/O0QbomxgFp" rel="noopener noreferrer nofollow">pic.twitter.com/O0QbomxgFp</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1752356783513838036?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a>
</blockquote>
<h2 id="shib-whale-activity-surges">SHIB whale activity surges</h2>
<p lang="en-GB" xml:lang="en-GB">According to recent data provided by IntoTheBlock, recently the activity of Shiba Inu whales has increased by a <a href="https://u.today/shiba-inu-shib-skyrockets-1100-in-epic-whale-surge" rel="noopener noreferrer nofollow">staggering 1,100%</a> as transactions with large amounts of this popular meme token have increased in number.</p>
<p lang="en-GB" xml:lang="en-GB">Last week, large Shiba Inu wallets transferred more than $80 million worth of SHIB within merely 24 hours. Later, over the past week, astounding SHIB chunks close to one trillion and half a trillion of these meme tokens exchanged hands, as was noticed by the Etherscan tracker.</p>
<h2 id="shib-burns-plunge-following-price">SHIB burns plunge following price</h2>
<p lang="en-GB" xml:lang="en-GB">Shibburn tracker has detected a substantial plunge in the SHIB burn rate that has occurred over the last 24 hours. The decline constitutes 91.51%, with as few as 5,213,658 Shiba Inu meme coins destroyed.</p>
<p lang="en-GB" xml:lang="en-GB">The biggest SHIB chunks burned this time contained 1,987,896; 1,251,653 and 1,111,111 Shiba Inu meme coins.</p>
<p lang="en-GB" xml:lang="en-GB">The ultimate goal of these burns is to attempt to reduce the overall circulating supply of SHIB and thus reach a potential price increase, pushing the meme coin to a new all-time high. Thus far, since 2021, half of the quadrillion SHIB supply has been locked in unspendable blockchain wallets — 410,708,120,571,028 SHIB. A whopping 581,301,400,424,601 Shiba Inu is still circulating on the market, with part of it being held by investors.</p>
<p lang="en-GB" xml:lang="en-GB">Meanwhile, the SHIB burn rate curve seems to be moving in tandem with the SHIB price so far; within the last 24 hours, it has demonstrated a plunge of 4.30% as it dropped from $0.00000945 to <a href="https://www.tradingview.com/symbols/SHIBUSDT/" rel="noopener noreferrer nofollow">the $0.00000905 mark</a>.</p>

SHIB Eyes 122,122.22% Growth, According to This Indicator

Table of Contents

U_Today

Other articles published on Jan 31, 2024

Algotech (ALGT) Draws More Investors in the Face of Hedera (HBAR) and Frax Share (FXS) Downturn

Environmental Concerns or Market Manipulation? The Tesla-Bitcoin Saga

Jack Dorsey’s Block lays off 10% of staff

Solana reaches a record volume of 951.9 billion in January

Pause in Dogecoin Rally Leads to $2.5M Liquidation; Solana & InQubeta Attract Investors

Crypto Wallet Trezor Alerts Customers to an Ongoing Phishing Attack

Join our free newsletter for daily crypto updates!