Shiba Inu on Exchanges Hits 2-Year Low
The amount of Shiba Inu (SHIB) stored on exchanges has plummeted to its lowest level since 2022. This suggests that investors are increasingly bullish on the meme coin and are choosing to hold it long-term.
Declining Exchange Inflow
The daily inflow of SHIB to exchanges has also dropped significantly. This indicates that investors are not selling their SHIB as much, which could lead to another price surge.
Bullish Outlook
Experts predict that SHIB will perform well in this bull market, as meme coins are gaining popularity. The coin’s lead developer, Shytoshi Kusama, is confident that SHIB will emerge as the leading meme coin.
Price Predictions
Some analysts believe that SHIB could surpass its all-time high of $0.00008845. Crypto analyst Ali Martinez predicts that it could even reach $0.011.
