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Shiba Inu to $0.000014; 236 Billion SHIB Could Decide Next Move
The combined market capitalization of meme coins has returned to levels seen in the third quarter of last year, highlighting key on-chain indicators that could signal a shift for Shiba Inu (SHIB) and other meme coins. The recent surge in whale activity, which has led to massive purchases of SHIB, has raised questions about its potential impact on the market.
One possible scenario is that SHIB’s price could potentially reach $0.000014, driven by increased adoption and a surge in retail interest. However, this prediction is based on current trends and on-chain indicators that show early signs of a shift.
The first indicator to watch is the number of traders, which has been trending downward for most meme coins, including SHIB. If we see a reversal in this metric, it could signal new retail engagement and increased interest in the asset. This would be a key development as it indicates the start of a new trend.
Another crucial factor is transaction volume, which has been showing growth recently. A continued rise in this indicator could signal a shift towards a more utility-driven market, with SHIB’s community actively using the coin for transactions and other purposes. Higher transaction counts often precede significant price movements, especially if accompanied by an increase in retail engagement.
Lastly, holder profitability is another key metric to monitor. As the article highlights, it can reveal overlooked opportunities. If SHIB’s holders are still profitable despite the recent dip, it could indicate a hidden value and potential upside for the asset.
In conclusion, while there are no guarantees in cryptocurrency markets, these indicators provide early signs that Shiba Inu may be due for a price increase, potentially reaching $0.000014.
Source: https://u.today/shiba-inu-to-0000014-236-billion-shib-could-decide-next-move
