As the crypto market fluctuated, this breast CoIN began to hope for investors. Shıb, which won 13.5 percent in the last 24 hours, has exceeded $ 0.000015. According to analysts, this rise can only be the beginning of a large paraboolic rally. In particular, increasing burning rate and ETF rumors can be a harbinger of a whole new era for Shıb.
Investor’s interest is on the top
The harsh rise in Shiba Inu price was reflected not only at the price but also the transaction volume. The daily volume increased by 70 percent and exceeded 370 million dollars. This increase clearly demonstrates the trust of investors in Shıb and the purchase appetite.
In addition, according to Coings data, the open positions of SHIB futures increased by 30 percent and exceeded $ 166 million. These data show that corporate investors and large traders are intensified to the breast coin market. Shıb’s exhibition of movements similar to the rise structure in 2021 triggers a paraboolic rally expectation for many investors.
Shıb Breast Coin: Is it possible to rise 12 times?
Popular analyst Cryptoelıtes drew attention to the “Cup and Handle” formation on the Shıb graph. This formation is considered one of the strong rise signals in technical analysis. In March 2024, $ 0.000045 at the level of the ‘cup’ form, while the current price movement ‘handle’ approached to complete.
According to analysts, with the completion of this technical formation, the price of SHIB may increase 12 times from existing levels. If this scenario occurs, Shıb’s market value may exceed $ 27 billion. In particular, ETF rumors can support this movement.
ETF rumors and breast coin ecosystem power
Shiba Inu’s marketing leader Lucie brought up the possibility of a potential ETF for Shıb. Although there is no concrete application, such statements increase the expectations of SHIB investors. Lucie also said Shıb’s $ 0.01 target over time.
On the other hand, Shiba Inu Ecosystem continues to grow. The number of blocks in the Shibarium network exceeded 10 million. In addition, the number of SHIB investors increased more than 1.5 million and revealed the stability and width of the community. These data show that Shıb is not only a “breast coin” and turned into a powerful blockchain ecosystem. Experts emphasize that Shiba Inu’s technical and basic data are in harmony. This can create an opportunity for investors in the short term. However, considering the general volatility in the market, it seems more important than ever to move cautiously.
