{"id":642562,"date":"2024-09-17T18:30:57","date_gmt":"2024-09-17T18:30:57","guid":{"rendered":"https:\/\/wncen.com\/?p=642562"},"modified":"2024-09-17T12:30:50","modified_gmt":"2024-09-17T12:30:50","slug":"shiba-inu-whale-action-hints-at-explosive-7000-growth","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-whale-action-hints-at-explosive-7000-growth\/","title":{"rendered":"Shiba Inu Whale Action Hints At Explosive 7,000% Growth"},"content":{"rendered":"<p>Shiba Inu (SHIB) has had a tough market in the last six months, losing more than half of its value. At $0.0000138 now, the token is down 70% from its March high of $0.000045. Such a plunge is steep and stressful for investors who bought during its peak. Yet a faint glow of hope seems to emanate from the market as it sees a modest 6.5% gain over the last week.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/avalanche-revenue-nosedives-over-40-in-q2-impact-on-avax-price\/\" target=\"_blank\" rel=\"noopener \">Avalanche Revenue Nosedives Over 40% In Q2 \u2013 Impact On AVAX Price<\/a><\/div>\n<p>Crypto analyst LuckSide thinks that SHIB <a href=\"https:\/\/www.youtube.com\/watch?v=S9Yr42_untQ\" target=\"_blank\" rel=\"noopener nofollow\">will experience a huge rally<\/a> in the coming months, considering mostly whale activity as an encouraging reason. Meanwhile, based on an examination by crypto analyst Dexter, and CoinCodex, development may be slightly below par, so SHIB will not be able to boast high short-term returns, but the long-term value is really massive. By the middle of October, according to CoinCodex, SHIB may fall down by -0.51% at best and reach $0.00001330.<\/p>\n<h2><strong>Whale Activity: The Main Catalyst<\/strong><\/h2>\n<p>One of the most impressive developments in the Shiba Inu market is the drastic increase in whales&#8217; activity. In a mere two days, whales accumulated over 3 trillion SHIB tokens, which shows that these large holders and other major investors have regained interest in this asset. Whales have also withdrawn over $4 million worth of SHIB from exchanges; this, in most cases, is an indicator that confidence remains high in the long-term prospects of the meme coin.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/btjrTJHw\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">SHIB market cap currently at $7.8 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>LuckSide believes this accumulation will spur a strong price rally. He projects that eventually, SHIB can go up to $0.001, marking an increase of 7,145% from the present day. Despite this prediction, LuckSide claims that whales&#8217; movements usually herald a considerable market shift. He also believes the man in the street will buy in if Shiba Inu can succeed in breaching its significant resistance level of $0.000016, which is just 16% higher than its price today.<\/p>\n<h2><strong>Bearish Sentiment Persists<\/strong><\/h2>\n<p>Still, not all digits indicate an upward trend. The current market for Shiba Inu, in the Fear &amp; Greed Index is dim at 33 (Fear). CoinCodex also made some predictions regarding SHIB and it indeed agrees with the conservative point of view: by October 17, 2024, a minute drop of -0.51% is forecasted, and may get down to $0.00001330.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-642566\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_ca7e0c.png?resize=1024%2C401\" alt=\"\" width=\"1024\" height=\"401\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_ca7e0c.png?w=1044 1044w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_ca7e0c.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_ca7e0c.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_ca7e0c.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_ca7e0c.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Shiba Inu has failed to maintain the momentum after several successive positive movements. The coin had green days only 50% in the last month, and the price volatility remained at 4.49%.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin-on-track-for-92000-bounce-in-3-months-analyst-predicts\/\" target=\"_blank\" rel=\"noopener \">Bitcoin On Track For $92,000 \u2018Bounce\u2019 In 3 Months, Analyst Predicts<\/a><\/div>\n<p>Data from CoinCodex and other websites do not consider this as a good buy, primarily due to easy money makers. Broader market hesitancy is reflected in the softened price action that makes the short-term prospects unattractive.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-642565\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_9b0aab.png?resize=1024%2C688\" alt=\"\" width=\"1024\" height=\"688\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_9b0aab.png?w=1146 1146w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_9b0aab.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_9b0aab.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_9b0aab.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_9b0aab.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/a_9b0aab.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<h3><strong>Long-Term Potential Still In Play<\/strong><\/h3>\n<p>While the short-term future of SHIB is unsure, some analysts still hold hope that the coin will experience a long term upside. For example, crypto trader Dexter says Shiba Inu easily reaches the threshold of $0.00015, which is a 10-fold increase.<\/p>\n<p>LuckSide&#8217;s model is much more aggressive than Dexter&#8217;s model; however, this is much less &#8211; but still gives room for optimistic investors to stay and wait. According to him, meme coins like SHIB usually have episodic surges, most especially when whales begin rallying.<\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) has had a tough market in the last six months, losing more than half of its value. At $0.0000138 now, the token is down 70% from its March high of $0.000045. Such a plunge is steep and stressful for investors who bought during its peak. Yet a faint glow of hope seems to emanate from the market as it sees a modest 6.5% gain over the last week. Related Reading: Avalanche Revenue Nosedives Over 40% In Q2 \u2013 Impact On AVAX Price Crypto analyst LuckSide thinks that SHIB will experience a huge rally in the coming months, considering mostly whale activity as an encouraging reason. Meanwhile, based on an examination by crypto analyst Dexter, and CoinCodex, development may be slightly below par, so SHIB will not be able to boast high short-term returns, but the long-term value is really massive. By the middle of October, according to CoinCodex, SHIB may fall down by -0.51% at best and reach $0.00001330. Whale Activity: The Main Catalyst One of the most impressive developments in the Shiba Inu market is the drastic increase in whales&#8217; activity. In a mere two days, whales accumulated over 3 trillion SHIB tokens, which shows that these large holders and other major investors have regained interest in this asset. Whales have also withdrawn over $4 million worth of SHIB from exchanges; this, in most cases, is an indicator that confidence remains high in the long-term prospects of the meme coin. LuckSide believes this accumulation will spur a strong price rally. He projects that eventually, SHIB can go up to $0.001, marking an increase of 7,145% from the present day. Despite this prediction, LuckSide claims that whales&#8217; movements usually herald a considerable market shift. He also believes the man in the street will buy in if Shiba Inu can succeed in breaching its significant resistance level of $0.000016, which is just 16% higher than its price today. Bearish Sentiment Persists Still, not all digits indicate an upward trend. The current market for Shiba Inu, in the Fear &amp; Greed Index is dim at 33 (Fear). CoinCodex also made some predictions regarding SHIB and it indeed agrees with the conservative point of view: by October 17, 2024, a minute drop of -0.51% is forecasted, and may get down to $0.00001330. Shiba Inu has failed to maintain the momentum after several successive positive movements. The coin had green days only 50% in the last month, and the price volatility remained at 4.49%. Related Reading: Bitcoin On Track For $92,000 \u2018Bounce\u2019 In 3 Months, Analyst Predicts Data from CoinCodex and other websites do not consider this as a good buy, primarily due to easy money makers. Broader market hesitancy is reflected in the softened price action that makes the short-term prospects unattractive. Long-Term Potential Still In Play While the short-term future of SHIB is unsure, some analysts still hold hope that the coin will experience a long term upside. For example, crypto trader Dexter says Shiba Inu easily reaches the threshold of $0.00015, which is a 10-fold increase. LuckSide&#8217;s model is much more aggressive than Dexter&#8217;s model; however, this is much less &#8211; but still gives room for optimistic investors to stay and wait. According to him, meme coins like SHIB usually have episodic surges, most especially when whales begin rallying. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":642585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,83767,83668,83667,14896],"class_list":["post-642562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-meme-coins","tag-shib","tag-shiba-inu","tag-whale"],"acf":[],"yoast_head":"\n<title>Shiba Inu Whale Action Hints At Explosive 7,000% Growth<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) has had a tough market in the last six months, losing more than half of its value. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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