Shiba Inu Price Prediction: SHIB Whale Activity Soars 240%, But Could Its Upgrade Be the Next to Explode?

The Shiba Inu price dropped 1% in the last 24 hours to trade at $0.00001364 as of 4.40 a.m. EST on trading volume that went up 3% to $321.9 million.

The token saw strong price volatility, both in the last 24 hours and in the last week. Its value was known to sink below $0.0000130 and surge beyond $0.0000145. This is notable as it may have been affected by the recent surge in whale activity.

According to reports , the second-largest meme coin experienced a major boost in whale activity, with large transaction volume metric soaring by over 240%, especially in the last 24 hours. This highlighted intensified movements among major Shiba Inu (SHIB) holders.

The reports go on to say that the metric went up from 326.98 billion SHIB to 781.4 billion SHIB, which suggests a sharp rise in substantial transactions.

With the transaction volume including trades higher than $100,000 seeing a sharp rise — as many as 45 major transactions within a 24-hour timeframe — the move had a strong impact on the token’s market volatility.

Shiba Inu Price Prediction

The Shiba Inu price has seen great volatility, and it doesn’t seem like it will end soon. Numerous technical indicators suggest that the price is not yet ready to settle.

SHIB Bollinger bands, for example, remain wide, which is typically a bullish signal. However, the SHIB price is currently pushing the lower band further down, which is, obviously, bearish behavior.

On the other hand, the project’s Relative Strength Index (RSI) value has recently dropped from the neutral zone to the oversold area, suggesting that the bears are in control of the market.

It is worth noting that this might be an indicator that the situation could change in the near future, and perhaps offer an opportunity for the buyers to buy SHIB at a low price. The meme coin seemingly found its bottom at $0.0000130, which was the lowest point it reached in the past six months.

But, SHIB has also been spiraling further and further down since March, so this downward trend could continue until the moment the next year-long rally starts. In other words, traders need to keep a close eye to the project and the rest of the market and if they buy at just the right time, they could see major profits when the rally kicks off.

Promising Alternatives to SHIBA

With the Shiba Inu being as highly volatile as it is right now, one of the best alternatives for investors is to go for the newest Shiba Inu clone, Shiba Shootout (SHIBASHOOT) . Not only is the project immune to volatility due to it being in the presale stage, but many believe that its potential goes beyond the original.

Shiba Shootout is the new Shiba-based meme coin that places the popular meme dog into the Wild West. The project doubles as a P2E game that is completely Shiba-themed, introducing characters such as Marshal Shiba, Shiba Sharpshooters, and the fictional Wild West town of Shiba Gulch.

The project’s game, known as Shiba Sharpshooter, is available for download right now on both Google Play and Apple App Store. However, it has yet to receive its Web3 update which will reward the users with SHIBASHOOT tokens for winning sharpshooting duels. The update is likely to arrive around the same time as the token’s launch, making this a good opportunity to get the game early and get some practice before there is real money on the line.

For the moment, SHIBASHOOT remains in ICO, which has so far raised over $933k, and is currently progressing toward its first million. This has brought quite a bit of excitement to the SHIBASHOOT community, as many expect the whales to become a lot more active after this milestone.

The excitement has caused numerous crypto experts, such as the crypto YouTuber Cryptonews, to speculate about its potential and future.

In the meantime, interested investors can join the project’s presale and buy SHIBASHOOT at the current price of $0.0199 using ETH, USDT, BNB, and credit or debit cards.

Visit SHIBASHOOT official website.

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