- Shiba Inu jumped 71% in 2024 but remains 82% below its top of all time.
- 54% of holders are at a loss, but 42% remain for profit.
- February price forecasts suggest a possible increase of 106.30%, with a range between $ 0.00001410 and $ 0.000033,312.
Shiba Inu (Shib) remains a burning subject in the world of cryptography. The meme’s play has experienced strong volatility, leaving traders on board. Despite a slow start until February, investors still hope for a rebound. The movements of SHIB prices refer to the possible gains, but the coming road remains uncertain.
In 2024, Shib jumped 71%. The rally has shown solid community support and growing utility. Compared to its humble beginnings, the part has skyrocketed 19,399,619.19% since its launch. However, it is still negotiated at 82% below its summit of $ 0.0000,88,45, which he struck in 2021.
At the time of writing the editorial staff, Shib is at 0.0000,1606, lowering 1.67% in the last 24 hours. But on a weekly scale, Shib is up 12%, showing resilience in the middle of market fluctuations.
The last drop of Shiba Inu has put most of the holders in the red. Intotheblock data show that 54% of SHIB investors are faced with losses. Meanwhile, 42% are still profitable at current prices. If Shib even sees modest gains in February, the percentage of profit could increase considerably.
The activity of whales around Shib remains the key. Large supports always control a massive part of the offer, the 100 upper portfolios holding more than 80% of the total offer. Any change in whale feels could trigger net price movements.
Shiba Inu’s February: Haussier month?
Analysts see a potential shib increase in February. Coincocex data are projecting an average price of $ 0.00001864 this month, with the lens more than $ 0.000033,312. If these forecasts take place, Shib could increase by 106.30% compared to current levels.
The expected price range is between $ 0.0000,1410 and $ 0.000033312, which means that Shib could still drop before an escape. With its high volatility, the two scenarios remain on the table.
Beyond price oscillations, the Shib ecosystem is developing. The team behind the project continues to develop Shibarium, its layer 2 blockchain. The increased adoption of Shibaswap and NFT Bloc based on the value.
The Shiba Inu burns rate is also crucial. Over 410 Billions Salogner The tokens have been burned since the creation, reducing the offer. If the rhythm of Burns accelerates, the rarity could play a role in future price movements.
Shiba Inu is at the crossroads. February’s prospects suggest potential gains, but nothing is guaranteed. Investors must look at the movements of whales, burning rates and ecosystem growth to assess the next Shiban movement.