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Shiba Inu Price Prediction: Investor Turns $2,625 into $1.1 Million—Next Major Rally?
SHIB rebounded from a brief drop this morning, hitting $0.00002546 again and losing 0.1% in 24 hours.
The meme token fell 0.4% in a week but rose 8% in two weeks and 3% in a month.
These are small amounts, but SHIB has gained 188% in a year and one whale has risen 419x in three years, according to statistics released yesterday.
SHIB continues to earn significant gains for traders and is expected to continue doing so.
Shiba Inu Price Prediction: Investor Turns $2,625 into $1.1 Million—Next Major Rally?
The coin's signs showed energy and urgency again this morning, suggesting a short-term surge for SHIB.
Its relative strength indicator (purple) has increased over 50 in the previous two hours and is approaching 60, allowing for more price advances.
After rising over the 200-day average (blue) yesterday, the 30-day average (orange) is rising again after a small fall, indicating the currency has at least a few more days of increases.
SHIB's 24-hour trading volume has more than quadrupled today, presumably due to the revelation that one whale generated a 419x profit from Shiba Inu after holding onto 48 billion SHIB for three and a half years.
This gain highlights what can happen with patience and timing, with SHIB being one of the strongest vehicles for producing big returns.
Once the newly authorized Ethereum ETFs begin next month, the market may heat up, resulting in larger price rises.
Shiba Inu's price may grow with the market and due to its fundamentals.
For instance, last month, developers announced a privacy-focused layer-three network for the token, which would boost its usefulness.
This rollout should boost the Shiba Inu price over time, along with the Shibarium network and Shiba ecosystem.
It might hit $0.000030 next month and $0.000060 by year's end.
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