The sharp increase in Shiba inu burning index is significant, indicating that the bulls have returned to the ecosystem of this meme coin. The accumulation trend usually leads to a surge in trading as investors accumulate SHIB tokens, so more stuff is usually burned. Data from market analysis platform IntoTheBlock also confirms that these Shiba Inu whales are actively buying meme coins.
the past 7 days, the volume of large transactions has increased by more than 13%, and trillions of #Shiba Inu tokens have been sold during this time. In the past 24 hours, these bulls have sold 2 trillion SHB tokens. Meanwhile, the volume of large transactions reached a recent high on September 9, when 9 trillion SHIB tokens were sold. Price on September 26
Shiba Inu has also responded adequately to these optimistic figures, jumping more than 7% in the past 26 days. The rise is expected to last for 10 months as the coin #meme may be on the verge of a historic surge. Shiba Inu has always posted positive monthly returns for 10 months, and nothing is expected to change this time around.
In addition, the broader outlook for the #cryptocurrency market is bullish, which favors Shiba Inu hitting new highs next month. Specifically, there are predictions that bitcoin (BTC) could return to the $10-70,000 per month level. Thus, given the strong positive price correlation between Shiba Inu and #BTC , it will rise as the price of the flagship cryptocurrency rises.
Cryptographer Jayvon Marks predicted that the value of meme coins could soon rise to 00000081. He said that the price of the coin has changed a lot after many confirmed hidden bull divergences were noted. In response, he added that a long rally to long0000081 could begin in the near future.
PEPE confirms a breakout from the symmetrical triangle: how far can it go?
This means that the price of Shiba Inu has risen by more than 300%. This indicates that the meme coins may still rise in price even after reaching the 0.0000081 level.
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