Shiba Inu coin SHIB counterattacks over the weekend? Whales hoarding coins ignites market expectations!
Shiba Inu coin price trend and future forecast are affected by multiple factors
Despite the recent price fluctuations of SHIB, the community is still full of hope. This is mainly due to the active performance of some "whales" in the SHIB market. According to Coinglass data, SHIB's spot net flow shows that the network has experienced a trend of capital outflow in the past seven days. However, this phenomenon has a positive impact on the asset and its price, because it may mean that the previous huge transaction data is the whales hoarding SHIB tokens.
Can whale activities help SHIB achieve the 1 cent dream?
So, are these activities of whales enough for SHIB, a meme coin, to achieve its much-anticipated 1 cent milestone? The answer is obviously not simple. To achieve this goal, the price of SHIB needs to soar 55734.73% from the current level, which is undoubtedly a huge challenge.
Shiba Inu coin price outlook in the fourth quarter of 2024
According to Changelly data, SHIB will not be able to achieve the dream of 1 cent this year. In fact, it will take a long time for this meme coin to reach this height. Changelly predicts that SHIB may not rise to 1 cent until 2040.
However, it is worth noting that the fourth quarter of each year is usually regarded as the "golden period" of the cryptocurrency market. Therefore, the SHIB community is also looking forward to witnessing a sharp rise in its price in the coming weeks. However, according to Changelly data, SHIB's highest trading price in the fourth quarter of this year is expected to be only $0.0000377, which is far below the community's expectations. Despite this, SHIB holders and followers remain optimistic about the future and look forward to this meme coin creating more miracles.
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