Shiba Inu (SHIB), one of the most popular meme coin projects, continues to attract many investors. Traders are more curious about SHIB’s next move. According to one analyst, the Shiba Inu (SHIB) price prediction will remain bearish as long as it does not rise above the $0.0000101 level. Its price ranges from $0.000001007 to the lowest of $0.00000992. Here is the SHIB analysis and what is happening in the ecosystem…
Shiba Inu whales still active
According to Etherscan.io statistics, the seventh largest SHIB whale has purchased 96.74 billion SHIB tokens in a single transaction. The data also revealed that this top Shiba Inu whale made significant SHIB token purchases in the previous week. Between October 13 and 21, the top SHIB investor added more than 322 billion SHIB tokens to his wallet, currently worth around $31.9 million. Whale bought 131.63 billion SHIB tokens in a single transaction, worth roughly $1.4 million, making it the largest SHIB purchase to date.
https://twitter.com/WhaleStats/status/15832424248499568640
After acquiring these new assets, the whale’s wallet swelled a lot. This SHIB whale now holds 15.63 trillion SHIB tokens. So, this amount is estimated to be worth 155 million dollars. Meanwhile, WhaleStats, a popular blockchain analytics firm, tweeted on Oct. He confirmed that most of the top 500 Ethereum whales remain SHIB holders. In response to the positive news about the Shiba Inu, the price of the SHIB rose.
SHIB acceptance on Amazon and Netflix payments
According to multiple sources, SHIB token holders can use SHIB tokens for Netflix and Amazon. Payment with SHIB, BONE and LEASH tokens is possible with FCFPay Visa accepted by Amazon and Netflix. On October 21, FCFPay, a Canadian crypto payment gateway, made a statement. It announced that crypto card holders will be able to pay for goods and services on Amazon. They can also subscribe to Netflix.
Load your #FCFPAY #Visa card with crypto and use FCFPAY on @amazon @netflix https://t.co/5TMnndIE0k#FCF #crypto #bitcoin #bnb #bsc #fcfpay pic.twitter.com/PAuCBbWQ3T
— FCF PAY – Crypto Payment Gateway (@fcfpay) October 20, 2022
FCFPay said that consumers’ payments will only be successful if they have enough crypto to cover the transactions they want to make. The benefit of SHIB has increased the investor’s interest in the meme coin. It created an uptrend in the value of SHIB.
What’s next for SHIB?
The Shiba Inu has been under intense selling pressure since August. The sales of the downward cycle brought it to the lowest level in October. Investors who participated in the continuous bearish now benefit from bullish days. The SHIB Army is the driving force behind the growing popularity of the dog-themed cryptocurrency. With its decentralized exchange, the Shiba Inu ecosystem aims to be the best decentralized exchange (DEX). Moreover, cryptocoin.comIt is worth noting that NOWpayments has partnered with Shiba Inu, as we have reported.
The SHIB/USD pair is trading in a tight range between $0.000009 and $0.0000010. Breaking this range will almost certainly result in a bullish or bearish moment. If there is a break above $0.0000102, it could signal a rise to $0.0000105 or $0.0000108. Also, if $0.0000098 breaks down, the Shiba Inu will regress to $0.0000094. According to analysts, $0.0000098 is important as an uptrend above this level is expected.
