- Ali Martinez predicts a staggering 122,122.22% surge in Shiba Inu’s price, targeting $0.011.
- Shiba Inu whale activity surges by 1,100%, transferring over $80 million in a day.
- SHIB burn rate drops 91.51%, aiming to reduce supply for a new all-time high.
Cryptocurrency analyst Ali Martinez has unveiled an astonishing projection for Shiba Inu. Martinez points to a potential surge of 122,122.22%, envisioning Shiba Inu’s price catapulting to $0.011.Read CRYPTONEWSLAND on google news
The source of this optimism lies in the TD Sequential Indicator, a reliable predictor of Shiba Inu’s movements. The indicator currently flashes a buy signal, suggesting an imminent upswing in SHIB’s value.
Adding fuel to the Shiba Inu frenzy, whale activity has spiked dramatically. Large wallets engaged in transactions exceeding $80 million within a mere 24 hours, signaling heightened interest and substantial investments in the popular meme token. This surge in whale activity reflects a growing confidence among investors in Shiba Inu’s potential for significant returns.
Simultaneously, efforts to influence Shiba Inu’s market dynamics include a remarkable decline in the SHIB burn rate. Over the last 24 hours, the burn rate plummeted by 91.51%, with 5,213,658 Shiba Inu meme coins obliterated. The ultimate objective of these burns is to trim the circulating supply of SHIB significantly, a strategic move aimed at driving the meme coin to new all-time highs.
Since 2021, half of the quadrillion SHIB supply has been securely locked in unspendable blockchain wallets, totaling 410,708,120,571,028 SHIB. However, a substantial amount of 581,301,400,424,601 Shiba Inu, held by various investors, is still in circulation. Interestingly, the SHIB burn rate seems intricately linked to its market price, as evidenced by a 4.30% decline within the last 24 hours, aligning with the drop in SHIB’s value from $0.00000945 to $0.00000905.
Read also:disclaimer read more
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.