Shiba Inu (SHIB) Price Is Starting to Return With Strength, Promises a Massive 351% Move to $0.000081 Target

Shiba Inu is up 10% to $0.0000175 on Friday, outperforming its rival DOGE, which is up 5%. The meme coin has gained over 30% over the past 30 days

.000081 Target" >

Shiba Inu (CRYPTO: SHIB) price rose double digits throughout the week on positive macro data, with some analysts expecting further gains in the fourth quarter.

What Happened: Shiba Inu traded at $0.0000175 on Friday, rising 10 percent against its rival DOGE's 5 percent increase. Meme coin has gained more than 30 percent in value in the last 30 days, surpassing Dogecoin's 11 percent return.

Shiba Inu is also undergoing reburning processes, and according to Shibburn data, 4.5 million SHIBs have been cremated in the last 24 hours.

Crypto trader Javon Marks predicts that Shiba Inu's next move will be a massive 351 percent increase towards the larger target of $0.000081 considering the token's strength.

$SHIB (Shiba Inu) price is rallying as it continues to break out of a broken falling wedge pattern here!

The next level could come, which could lead to a move above 51 towards our larger $0.000081 target… https://t.co/IHj6syyorW pic.twitter.com/ohxvKH5h4G

Also Read: 'Dogecoin Killer' Shiba Inu's Burn Rate Increased by 227 Percent - So Why Are Technical Indicators So Weak?

IntoTheBlock data shows that large transaction volume decreased by 53.4 percent and daily active addresses increased by 3.3 percent. Transactions worth more than $100,000 dropped from 220 to 129 in a single day. With the increase in prices, the profit of Shiba Inu owners increased by 45 percent compared to the previous week and reached 53 percent.

Shiba Inu's official page shared an interesting post encouraging community participation, saying, "When SHIB reaches a new peak, I will _______."

Next: The impact of meme coins is expected to be discussed in detail at Benzinga's upcoming Future of Digital Assets event on November 19.

Read Next:

The above is the detailed content of Shiba Inu (SHIB) Price Is Starting to Return With Strength, Promises a Massive 351% Move to $0.000081 Target. For more information, please follow other related articles on the PHP Chinese website!