Given the broader crypto market rebound, Shiba Inu ($SHIB
) has seen some metrics display very bullish sentiment. In the last 24 hours, #SHIB، trading volume has surged by approximately 64.29% and currently sits at $371.97 million.

SHIB could head toward $0.0001
Most traders consider trading volume the most vital metric for valuing a particular coin.  A spike in #tradingvolume usually indicates that traders’ interest in the asset is growing. Rising prices accompanied by increasing volume suggest strong buyer confidence. This is the case with SHIB, especially after the token registered a 5.74% increase in price in the past 24 hours.

#ShibaInu: may eventually lose at least one of its zeros if this trend continues. This means that the SHIB crypto could trade at $0.0001. Some analysts are already eyeing the possibility of up to a three-digit price gain for the token.  Based on the token's price history presented by #CryptoRank , the historical return for the crypto market's second-largest asset in the meme coin sector in October is 213.2%. The meme coin has made such a notable surge in the past. In October 2021, the SHIB price recorded a single-month surge of 833.6%. Therefore, the #SHIBCommunity is anticipating a recurrence of that massive price gain.

#Cryptocommunity seeing intense trading activity for Ethereum amid recent crash
The crypto market saw a horrific crash earlier today as top cryptocurrencies saw a major fall in their prices. CoinGlass reveals that almost $333 million were wiped out of the market in the last 24 hours. Nearly $272 million of it were in long liquidations as a majority of traders were in long positions owing to the positive sentiment before the crash.
The price of Ethereum ($ETH
), the second largest coin on the market, also went downhill during this time. It went from trading around $2,659 to trading at $2,421 within 12 hours. Moreover, the coin saw total #Liquidations of over $105 million in the last 24 hours. Long positions were liquidated for almost $94 million out of the total.
However, the ETH price has slightly recovered after the crypto crash. As of this writing, it is trading at $2,516. While it has shed some losses, the price is still down 4.8% over the past day. The market capitalization of Ethereum has also dropped 4.69% to $302.97 billion during this time. While uncertainty is still prevalent on the market, it appears that #ETH🔥🔥🔥🔥 is eyeing a rebound.
Major Ethereum metric turns bullish
Amid this period of negativity ion the market, ETH traders appear to be buying the dips. In doing so, they have been injecting positive momentum into the market, which is reflected in the slight recovery of the Ethereum price. According to CoinGlass data, the 24-hour #tradingvolume of ETH has skyrocketed 100.91% to the whopping $38.93 billion level.
Moreover, the Options Volume of the coin has surged 96.18% to $874.02 million during this time. This means that traders are intensely busy with their trading activity, and it is mostly a buying spree as the selling pressure seems to be cooling down. Considering this, it is likely that the recent crash can be seen as a period of correction, and ETH may rebound from here.
#TON