Cooling Off on Selling
Shiba Inu (SHIB) is showing signs of recovery as investors seem to be holding onto their tokens. This has helped boost the price, which has risen in the past day.
Decline in Exchange Flows
Data shows that the amount of SHIB flowing into exchanges has decreased. This is good news because it means that people are less likely to sell their coins.
Bitcoin’s Influence
Shiba Inu’s recovery is tied to Bitcoin’s price. As Bitcoin rises, SHIB tends to follow suit.
Whale Activity
Whales (large investors) need to start buying SHIB again to support its price.
Price Predictions
Despite the recent dip, analysts predict that SHIB could reach $0.00045000 by the end of the year or in 2025. Some even believe it could hit $0.011.
Current Price
As of now, SHIB is trading at around $0.00001761, up 2% in the past day.
