Ethereum whales continue to collect Shiba Inu, purchasing 150 billion SHIBs in the last 24 hours.
62.26 billion Shiba Inu coins were burned 48 hours ago, reducing the number of tokens being distributed.
Analysts predict a continued rise in the price of Shiba Inu and set a reversal target of $ 0.00001350.
The largest wallet investors in the Ethereum network continue to collect Shiba Inu coins. The price of Shiba Inu increased by 51% last week and analysts are still cheaper in the meme framework.
The price of Shiba Inu saw a big rally last week, despite the bear market with crypto. While Bitcoin, Ethereum, Solana and other altcoins saw a decline in prices, the price of Shiba Inu continued to rise. The price of Shiba Inu has increased by 51.6% over the past seven days. Shiba-Inu-themed meme coin has become one of the most popular crypto currencies among the top 100 major investors in the Ethereum network.
Throughout the bloodbath in the crypto market, major wallet investors have accumulated Shiba Inu coins. Based on data from Whalestats, a forum for information sharing in the top 100 wallets of the Ethereum network, whales now hold 512.3 billion Shiba Inu coins.
62.26 million Shiba Inu burnt money
Based on data from Shibburn, 62.26 million Shiba Inu coins have been burned in less than 20 jobs. As the price of Shiba Inu burned increases, more coins are taken out of the vicinity and sent to dead wallets. The permanent removal of Shiba Inu coins reduces the volume of circulation, and drives a bullish feeling among the owners.
Analysts have set a target of $ 0.00001350
Analysts at Cryptopolitan reviewed the Shiba Inu price chart and saw an upward triangle pattern. The price of Shiba Inu exceeded its 50-day moving average by $ 0.00001041. Analysts believe the price of Shiba Inu may continue to rise, targeting the target $ 0.00001350.
The information on these pages contains forward-looking statements including risks and uncertainties. Markets and profiles listed on this page are for informational purposes only and should not in any way be construed as a recommendation for the purchase or sale of these goods. You should do your research thoroughly before making any investment decisions. FXStreet does not in any way guarantee that this information is free from errors, errors, or omissions. Nor does it guarantee that this information is timely. Investing in open markets involves significant risks, including the loss of all or all of your investment, as well as emotional stress. All risks, losses and expenses associated with investments, including the total loss of the principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet or its advertisers. The author will not be held responsible for any information found at the end of the links posted on this page.
If it is not explicitly stated in the body of the article, at the time of writing, the author has no position in any of the stock mentioned in this article and has no business relationship with any of the said companies. The author has not yet received compensation for writing this article, except for FXStreet.
FXStreet and author do not provide personalized recommendations. The author does not make representations for the accuracy, completeness, or appropriateness of this information. FXStreet and the author will not be held liable for any errors, omissions or omissions, or any damage resulting from this information and its display or use. Errors and omissions removed.