- Shiba Inu shows 216% upside potential, with technical divergences and breakouts suggesting an upward trajectory.
- Strategic developments and whale activity strengthen the position of the Shiba Inu, signaling strong dynamics in its ecosystem.
Shiba Inu (SHIB) recently made a big move in the cryptocurrency market, rising around 57% following an analysis from a well-known crypto analyst. Javon Marks. With optimistic divergences and breakouts implying the likelihood of even greater gains, his observations indicate a possible continuation of this upward trajectory.
SHIB: Breakout Momentum Signals Potential for Massive Gains
With further post-breakout action possibly driving SHIB above new levels, such as $0.0001553, Marks predicts its price could rise nearly 216% to $0.000081.
Reflecting a 7.36% increase over the last 24 hours and an incredible 34.41% gain over the last 7 days, SHIB is trading at around $0.000025 at the time of writing. Supported by considerable market interest and notable whale activity, these numbers show growing momentum.
Large holders, sometimes called whales, have actively amassed SHIB, according to CNFwhich generates an incredible 7,000% of network activity. This increase in accumulation highlights a strategic shift among major market players.
Alongside this, Shytoshi Kusama, a prominent developer in the Shiba Inu ecosystem, announced plans to launch a podcast aimed at fostering community engagement and increasing transparency.
As we previously noteThe podcast will look at Shiba Inu’s ongoing innovations, including around Shibarium, a blockchain designed to expand SHIB’s reach in decentralized finance (DeFi) and non-fungible tokens (NFT).
Additionally, Kusama proposed the creation of a US-based strategic center for innovation and blockchain (SHIB). This initiative aims to promote blockchain adoption, create new employment opportunities, and drive broader technological advancements.