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

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