- Shib tokens have risen by over 33,774,726% since 2020, much higher than Bitcoin’s lifetime appreciation.
- Volumes by whales with SHIB also went up, meaning whales commenced buying more SHIB, which implies more confidence from whales.
- The buy signal in the market for SHIB can expect the token to surge by 300%.
Shiba Inu lead developer Shytoshi Kusama also said that SHIB can gain higher heights in its price. SHIB’s lifetime returns are another reason Kusama cites, which has seen the token gain 33,774,726% since its launch in 2020. It is still growing, surpassing all expectations, including Bitcoin. This comparison has made investors have some positivity about the asset, with the market analysts thinking that the popular meme coin could hit 300% soon.
SHIB Outpaces Bitcoin, DOGE, and Other Major Tokens
Kusama has benchmarked Shiba Inu against major cryptocurrencies, including Dogecoin, Solana, and Binance Coin. Surprisingly, based on Kusama’s analysis, the SHIB token has been growing faster than these assets, which points to SHIB’s rapid growth in a very competitive niche.
As SHIB saw a massive surge relatively quickly, Kusama’s comments have drawn more attention to the token’s capability, especially as it climbs the ranks in the wider crypto ecosystem.
Some of Kusama’s statements are conveniently timed as the SHIB is on an upward trend, trading nearly 5% higher in the last trading session at $0.00001909. The price action has also been bullish recently. Kusama’s comments have been quite bullish, which set a ‘buy’ bias for the token as it continues gaining traction among retail and institutional investors.
Rising Whale Transactions Signal Growing
Large investors have started showing interest in SHIB as whale transactions have risen recently. The upswing of large transactions relative to the SHIB token means that large-cap investors are also interested in the token, thereby supporting the current general bullish run. This has reinforced bullish sentiments among the market participants, given that whales speculated on market maturity and positive price direction.
Moreover, the trading volume in the SHIB in 24 hours has risen to an average of 32% to $716.07 million. This implies that the token has attracted great demand, proving that the trading market positively responds to recent activities and sentiments in the SHIB token.
Analysts Project Possible 300% Rally for SHIB
According to analysis, there is a possible 300% surge in the price of SHIB, and reports suggest that Shiba Inu is now ready for a new uptrend. After prices have consolidated for a while, SHIB looks prepared for more upward movement, and Kusama’s comments have continued to drive demand for the token.
Cryptocurrency observers also mention that since SHIB has gone beyond recent volatility levels, the token has an opportunity to show strong growth. This optimistic projection is further boosted because the coin is relatively durable and enjoys steady investors’ attention.
