Shiba

To The Moon

2024

Shiba Inu

Gains

<p>Shiba Inu is among the first few <a href="https://coingape.com/price/" rel="noopener noreferrer nofollow">cryptocurrencies</a> that have overcome the market downfall with its last 24 hours of gains. The token was down for days and finally started the recovery along with a few other <a href="https://coingape.com/meme-coin/" rel="noopener noreferrer nofollow">meme coins</a>. However, the crypto market is still on the low-performing days as the global market cap is stuck at $2.33 Trillion but has lifted 4.66% today, which is a good sign.</p>
<p>In this blog, let us discuss what is happening with Shiba Inu price and the reasons behind this surge.</p>
<h2 id="shiba-inu-price-analysis">Shiba Inu Price Analysis</h2>
<p>After days of sinking values, the Shiba Inu price has recovered a little from earlier, as the token has surged 8% in the last 24 hours. The meme coin is <a href="https://coingape.com/price/shiba-inu/" rel="noopener noreferrer nofollow">presently trading</a> at $0.0000278 with a market cap of $14,676,151,630, which has also surged 7.14%. Moreover, the trading volume is also up by 8%, pushing the value to $761,369,172.</p>
<p><a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/shiba-inu/"><img decoding="async" src="https://coingape.com/wp-content/uploads/2024/05/image-54.png" alt="Shiba Inu Price Analysis" width="731" height="286"></a></p>
<p>Though there is this price surge after days of facing price drops due to the market’s influence, there is still a long way to go. Shiba Inu had earlier risen to $0.00003592 at the start of March, the highest point Shiba Inu has achieved in two and a half years. So, another similar <a href="https://coingape.com/price-predictions/shiba-inu-shib-price-prediction/" rel="noopener noreferrer nofollow">peak</a> is required to make the best out of the Shiba Inu price.</p>
<h3 id="whales-taking-shiba-inu-price-to-the-moon">Whales Taking Shiba Inu Price To The Moon</h3>
<p>The Robinhood exchange has faced a large Shiba Inu token execution by the <a href="https://coingape.com/glossary/whale-accumulation/" rel="noopener noreferrer nofollow">whales</a> where a single whale has collected 1.75 trillion $SHIB tokens, worth more than $40 Million.</p>
<p>As per the whale alert reports, the whale has performed two huge transactions, each carrying&nbsp; 875 billion SHIB ($20 Million) from the Robinhood to an unknown wallet address.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 875,000,000,000 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> (19,666,682 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Robinhood</a> to unknown wallet<a href="https://t.co/hxSvwFxC0E" rel="noopener noreferrer nofollow">https://t.co/hxSvwFxC0E</a></p>
 <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1785812478946955387?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 1, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>This whale interference had definitely helped the token in its recent surge. Also, the crypto investor Ali Martinez has revealed the formation of the <a href="https://coingape.com/education/bull-flag-pattern-in-crypto-meaning-and-how-to-identify/" rel="noopener noreferrer nofollow">bull flag</a> in the Shiba Inu charts, indicating better gains in the next few days. As per his prediction, the chances are high for the Shiba Inu price to surge to $0.000072323 once the token surged above $0.000018343, which has already happened.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInu</a> appears to be forming a bull flag on the daily chart! I'm placing buy orders around $0.000018343, aiming for a bullish breakout that sends <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> to $0.000072323.</p>
 <p>So, if you want to join me in this trade, head to <a href="https://twitter.com/coinexcom?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@coinexcom</a> and sign up using my referral link… <a href="https://t.co/er1gE0lozV" rel="noopener noreferrer nofollow">pic.twitter.com/er1gE0lozV</a></p>
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1785602766280286684?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 1, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h4>650K Shiba Inu Wallet Addresses In Profit Despite Low Value</h4>
<p>According to On Chain analytics, more than 65000 Shiba Inu <a href="https://coingape.com/glossary/wallet-address/" rel="noopener noreferrer nofollow">wallet addresses</a> carrying 733 trillion SHIB tokens have shown gains. More importantly, the wallets bought the SHIB token between the price range ranging from $0.000002 to $0.000022, with an average price of $0.000011.</p>
<p>Analysts believe that the community support for Shiba Inu is still strong as the holders kept the SHIB on <a href="https://coingape.com/glossary/hodl/" rel="noopener noreferrer nofollow">HODL</a> despite the fall. The Shiba Inu investors are waiting for better gains, but the rest of the traders are shifting towards short-term tradings to make the best out of the short volatile gains with the <a href="https://coingape.com/cryptocurrencies-under-1/" rel="noopener noreferrer nofollow">cryptocurrencies under $1</a>.</p>
<p>Read More <a href="https://coingape.com/trending/3-free-crypto-airdrops-to-claim-in-may-2024/" rel="noopener noreferrer nofollow">3 Free Crypto Airdrops To Claim In May 2024</a></p>
<p>The post <a href="https://coingape.com/trending/whats-happening-with-shiba-inu-price-huge-gains-coming/" rel="noopener noreferrer nofollow">What’s Happening With Shiba Inu Price? Huge Gains Coming</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

What’s Happening With Shiba Inu Price? Huge Gains Coming

Mục lục

Coingape News Media

Các bài viết khác được xuất bản trên 4 thg 5, 2024

Vodafone looks to integrate crypto wallets with sim cards

Bitcoin opens $63K futures gap as thin liquidity threatens BTC price

SEC charges Trump Media auditor with ‘massive fraud’

Bitcoin (BTC) Price Prediction for May 4

Puppet Master Game Launches A Big New Update

Why Shiba Inu (SHIB) Price Is Up Today?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!