If the trading volume of $SHIB can soar to 50 billion dollars in a day, how high do you think its price can skyrocket?
Remember back in 2020 to 2021, it jumped directly from being worthless to a high of 1 million dollars, which was simply astonishing.
Although SHIB has dropped significantly from its previous peak, experts say it still has the potential to bounce back. However, this is not something that can be achieved by just talking; a large number of people must be willing to buy, and the trading volume must be overwhelming.
Having a large trading volume alone is not enough; if there are more sellers than buyers, the price will still fall. Everyone must believe that SHIB can rise for this 50 billion dollars in trading volume to truly make the price soar.
For example, recently when there were many buyers for SHIB, the price went up. Data shows that on one day, large holders bought 4.72 trillion SHIB, while short sellers only sold 4.52 trillion, resulting in a demand increase of 201 billion SHIB.
In the past, the trading volume and price of Shiba Inu Coin were like good partners, rising and falling together. Remember the rebound in October 2021, when the trading volume reached 30 billion dollars, and the price touched a high of 0.000088 dollars.
But once the market cooled down, both the trading volume and price came down. Since then, SHIB's daily trading volume has been fluctuating between hundreds of millions of dollars.
If the trading volume can really hit 50 billion dollars, the price might return to previous highs, or even higher. Some analysts say that this trading volume could push SHIB above 0.00005 dollars; if the market is supportive, it might even reach 0.00015 dollars.
Some people ask, can the trading volume of Shiba Inu Coin really reach 50 billion dollars? This year's trading volume has indeed surged, and the price has followed suit, which is quite attractive. You see, Shiba Inu's trading volume nearly reached 9 billion dollars in early March 2024, at that time the meme coin's price had already broken 0.00003 dollars. On March 5th, SHIB's price hit an annual peak of 0.000045 dollars, and the trading volume soared to 16 billion dollars.
However, to say that Shiba Inu Coin's trading volume can reach 50 billion dollars in a day is truly not an easy task. Right now, its daily trading volume is only 1.18 billion dollars, so to increase to 50 billion dollars, it would need to rise several thousand times!
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