Here’s How High Shiba Inu Can Reach If SHIB Gets $50 Billion Daily Volume

Shiba Inu has the potential to reach new highs if it boasts $50 billion in daily volume and most of that volume leans towards the buyers side.

Shiba Inu (SHIB) often surprises the market with its rapid price movements. Her most historic run came during the 2020/2021 bull run, when she went from $12 to $1 million.

Although SHIB fell from the all-time high of $0.00008845 that it reached at the time, experts believe that it can regain that price level. For this to happen, Shiba Inu would need to attract immense demand, leading to an increase in trading volume.

Shiba Inu price for $50 billion volume

Trading volume alone does not guarantee price growth. If volume includes a significant portion of sales activity, the impact on pricing could be neutral or even negative. Market sentiment would need to be optimistic for $50 billion in volume to translate into significant price increases.

For example, from November 5 to 16, most SHIB trade volume represented buying activity, leading to the recent price growth. In the block watch that on November 16 alone, big players bought 4.72 trillion SHIB, while bears sold 4.52 trillion tokens. This resulted in excess demand of 201 billion SHIB.

Historically, the Shiba Inu has shown a strong correlation between trading volume and price surges. During its October 2021 rally, trading volume surpassed $30 billion, pushing its price to the ATH of $0.000088. Data from CoinMarketCap confirms that SHIB had a volume of $39 billion on October 27 and $32.8 billion on October 28, 2021.

After this period of increased market interest, Shiba Inu saw its trading volumes decline as prices fell. Notably, SHIB 24-hour volume Since then, the sum has fluctuated between $200 million and $500 million.

If trading activity reaches $50 billion, the price could revisit or even exceed these levels. Analysts believe daily volume of this magnitude could push SHIB to resistance levels approximately $0.00005 or more, with optimistic projections targeting $0.00015 in good market conditions.

Can Shiba Inu reach $50 billion in volume?

Interestingly, the trend of increasing volumes leading to price hikes has repeated this year, with Shiba Inu trading volume reaching a peak of $8.96 billion in early March 2024, as the coin meme exceeded the $0.00003 level. While SHIB claimed a yearly peak of $0.000045 on March 5, volume reached $16 billion that day.

However, while the $50 billion volume could lead to massive demand for SHIB, achieving that level of interest could prove difficult. Shiba Inu volume currently stands at $1.18 billion. This figure would need to increase to 4,137% to reach the $50 billion mark.

If this were to happen, market movements would be key in determining the impact of such high trading volume. The increased liquidity would likely attract institutional and retail investors, creating increased buying pressure. At the same time, Shiba Inu’s token burn initiatives could amplify this effect.