Shib Price Could Double as Majority Holders Control 73%

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As a seasoned researcher with years of experience in the volatile and ever-evolving world of cryptocurrencies, I have to admit that Shiba Inu has piqued my interest. The meteoric rise it has witnessed over the past month, coupled with its steady upward trajectory, is truly remarkable.

Shiba Inu, a meme-based cryptocurrency, gained 60% in the last month alone, attracting the attention of major market movers.

Despite some minor setbacks, Shiba Inu appears to be consistently trending upwards, with experts predicting potential further growth in 2025. This positive trend is largely driven by a significant concentration of major holders (approximately 73%), suggesting robust investor faith.

The cost of Shiba Inu seems to be accumulating tension, potentially indicating a significant price surge ahead. Notably, experts have identified a repeating trend in its price fluctuations, referred to as an “ascending triangle” pattern.

The recurring event occurs when the value persistently rises yet encounters a persistent ceiling, implying a potential surge beyond it could be imminent. Currently, SHIB is being traded at $0.00002981, showing a 7% decrease in the last 24 hours, however, it has managed to increase by 5% over the past week.

Should Shiba Inu’s price surpass its current resistance point, experts predict a potential doubling of its worth. This bullish sentiment is fueled by the increasing trend of meme coins, continuous Shiba Inu token burns (lowering supply), and escalating enthusiasm within the Shiba Inu ecosystem.

Shiba Inu (SHIB) is experiencing a high level of interest from large-scale investors, commonly referred to as ‘whales.’ These whales collectively own approximately 59.03% or 580.98 trillion SHIB tokens, which makes up the majority of the total supply. Furthermore, there are also other substantial investors who hold around 14.19%, equivalent to 139.63 trillion SHIB.

The information indicates that whale investors own more than 1% of the total Shiba Inu (SHIB) coins in circulation, while those with between 0.1% and 1% hold a substantial 73%. This suggests that significant players exhibit high conviction in SHIB’s future prospects.

A large number of Shiba Inu coin (SHIB) investors are currently seeing a return on their investment, with around 74% being in profit. Conversely, just 17% are experiencing losses, while approximately 9% are neither gaining nor losing. This data suggests that the majority of SHIB holders find themselves in a favorable position and are hopeful about the token’s potential future growth.

It’s noteworthy that a large portion of Shiba Inu token (SHIB) owners are long-term supporters. Approximately 76% have been holding onto their SHIB for more than a year, indicating a strong belief in the coin’s future growth. Additionally, around 18% have owned it for between one and twelve months, while just 6% are relatively new investors. This distribution suggests a balance of seasoned holders and recent enthusiasm towards Shiba Inu token.

Over the past seven days, significant transactions exceeding $100,000 collectively amounted to an impressive $2.16 billion. This heavy trading activity among prominent investors indicates a robust backing and momentum for Shiba Inu. Given these trends and technical indicators, Shiba Inu appears poised for expansion in the coming years, sparking much interest within the crypto community as a potential growth stock in 2025.

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2024-12-09 22:44