Shiba Inu holders remain in profit amid bullish on-chain signals$BTC $SOL $BNB According to data provided by IntoTheBlock, 41% of Shiba Inu (SHIB) holders are currently in profit at the current price levels. The data also indicates a bullish trend for SHIB as on-chain signals show positive movements, with large transactions increasing by 3.10% and net network growth rising by 0.29%.As of writing this article, the current price of SHIB stands at $0.00001084, marking a 2.67% increase in the last 24 hours and an impressive 33.99% surge in the last 30 days. The trading volume for SHIB has reached $238.91 million, showcasing a notable 9.24% uptick in the past 24 hours.Shiba Inu's positive momentum This positive momentum comes as a breath of fresh air for Shiba Inu enthusiasts, as the cryptocurrency market has experienced its fair share of volatility in recent times. The increase in large transactions and net network growth signals growing confidence among investors, further supporting the optimistic outlook for SHIB. In a related development, the official marketing manager of the Shiba Inu team, known as Lucie on social media, has recently made an announcement that adds to the positive sentiment surrounding SHIB. As reported by U.Today, Lucie revealed that another substantial amount of Shiba Inu tokens, totaling 8,471,583,707 SHIB and valued at $90,857, has been transferred to unspendable wallets this month.This strategic move to lock away a significant portion of SHIB tokens in unspendable wallets is seen as a measure to reduce the circulating supply, potentially contributing to a positive impact on the token's value. The Shiba Inu team continues to implement initiatives aimed at enhancing the overall sustainability and market dynamics of SHIB. Investors and analysts are closely monitoring these developments, as the bullish on-chain signals and strategic token movements contribute to an increasingly favorable environment for Shiba Inu. The community remains eager to see how these factors will influence the future trajectory of SHIB in the ever-evolving cryptocurrency landscape.#sol #SHIB💥 #DOGE #ShibaInuInWeb3 #TrendingSearch

SHIB has positioned itself at the vanguard of the prospective market recovery, preparing for the projected bull run in 2024. This comes as the cryptocurrency market is progressively exiting unfavorable tendencies that have been triggering the falls of numerous altcoins.

The cryptocurrency expert Ali Martinez said in a post on X that SHIB is getting ready for a strong upsurge that has the potential to propel it to levels that have never been seen before. Martinez sent a chart that had been previously published on TradingView. The chart depicted the price patterns and movements of SHIB from November 2023 to February 2024 over the time period.
In the chart, the Shiba Inu token price movement was shown to have both red and green zones shown. Martinez, based on his research of these price changes, made a prediction that the value of SHIB may possibly reach a price of $0.010 or perhaps transcend that price mark and reach $0.011. Due to the fact that SHIB has only been able to reach an all-time high of $0.0009 since its existence, the occurrence of this event might be seen as a possible breakthrough for the cryptocurrency.
Shiba Inu native token SHIB has began riding the bull market wave and rising with fresh gains after months of suffering lethargic development. This comes after the token has been experiencing poor growth. As a consequence of this, a cryptocurrency expert has forecasted that the cryptocurrency with a doggy motif would reach new heights, with the price of SHIB reaching an estimated $0.00001.
Shiba Inu Is Anticipated To Follow A Bullish Trend According To Analyst
Monday was the day when cryptocurrency expert and investor SHIB Knight went to X (which was once known as Twitter) to analyze the recent price swings of SHIB. The token with a dog motif has been seeing huge price gains as of late, which has brought it closer to the desired price level of $0.00001.
While this article is being written, the price of SHIB is now trading at $0.000009, and CoinMarketCap reports that it has had gains of around 1.32% over the course of the past seven days.
Martinez distributed a chart that graphically depicted the price changes of SHIB/Tether shares. On a two-hour chart, he stated that the price of SHIB was experiencing a technical breakthrough from the downward trend that has been affecting the cryptocurrency market. This breakout was occurring from the downward trend. This indicates that the Shiba Inu token may be on its way to a price recovery after suffering large reductions despite its thriving ecosystem and community. This is the case according to the information presented here.
Following that, SHIB Knight sent yet another chart that showed the movement of the price of SHIB, with an arrow indicating in the direction of an increase to $0.000014. When the cryptocurrency expert stated that SHIB might pump at any moment, he said that investors should be vigilant and maintain a close eye on the optimistic perspective that the cryptocurrency now seems to have.
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