Overtaking a zero and entering a vital demand zone for Shiba Inu, the price of Shiba Inu increased to $0.000010, a significant increase.
It's possible that the price of SHIB will break through the barrier at $0.000011 and increase to $0.000014.
The supply of Shiba Inus on exchanges continues to be relatively limited, which is supporting price increases for SHIB.
Over the course of this week, the price of Shiba Inu has decreased by zero, reaching a new high of $0.000010. The most recent move made by the meme currency has resulted in 22% of SHIB holders being profitable. It is beneficial to retain wallet addresses that contain 134.63 trillion SHIB at the present pricing level.
Observations made on the Shiba Inu blockchain indicate a favorable prognosis for SHIB.
Santiment, a cryptocurrency intelligence tracker, has uncovered on-chain evidence that indicates favorable indicators for the price of SHIB.
According to the statistics provided by Santiment, the supply of SHIB on exchanges now accounts for 7.84% of the overall supply of the asset.
Because the supply of the meme currency continues to be relatively limited, it is guaranteed that SHIB will not be subjected to significant selling pressure, which would cause the asset's price to decrease.
As this article is being written, the price of a Shiba Inu is $0.00001039.
There are currently 89,360 wallet addresses that have gathered 134.63 trillion SHIB tokens, which has caused the Shiba Inu price to be in a critical demand zone. As can be seen in the Global In/Out of the Money chart that follows, once the price of SHIB reaches the upper border of the zone at $0.000011, the way to $0.000014 is expected to be straightforward for the meme coin. $SHIB
As of the time this article was written, the price of Shiba Inu has generated almost 2% daily gains and nearly 6% weekly gains for holders thus far.
