Shiba Inu is attracting attention from analysts and investors due to recent price increases and network activity. Predictions suggest a potential continuation of its bullish trend.
Shiba Inu Price Dynamics and Predictions
The recent price change for Shiba Inu recorded a rise from $0.0000129 to $0.0000146. Currently, the price stands at $0.00001447. Analyst GehavianGoals predicts that Shiba Inu will continue upward movement, setting targets at new highs, stating that the token will ‘fly soon’.
Increased Activity on the Shiba Inu Network
The level of activity on the Shiba Inu network has significantly increased. According to recent analysis, active addresses have risen by 39.95%, indicating growing interest in the token. Simultaneously, the number of zero balance addresses has increased by 38.90%, which may indicate high transaction activity.
Long-Term Holder Behavior and Bullish Signs
A report from July 16 revealed that long-term holders of Shiba Inu are not rushing to sell. The 'Age Consumed' metric remains low, which is a positive sign for long-term investors. This indicates that many holders believe in the potential price growth of the token.
Shiba Inu exhibits strong bullish signals supported by user activity and long-term investor behavior. Market participants are focused on upcoming price fluctuations of the token.
