Shiba Inu (SHIB): The Untold Story of Its Price Discovery

The meme token Shiba Inu seems prepared for stretched uptrends following its latest upside fortunes. SHIB climbed towards the $0.00001642 high as bulls dominated the alternative token on August 16. A slight drop subsided the daily surges to only 1.3%, and the meme coin changed hands at $0.00001586 during this publication.

SHIB Must Proceed

Santiment data shows whales noticed Shiba Inu’s latest growth. The network registered 463 whale transfers ($100K+) on August 15. The asset had never witnessed such figures since April 12. Moreover, WhaleStats shows SHIB as the most held coin by the leading 100 ETH whales, at $187,257,511.

That isn’t all, as the meme coin attained another exchange listing lately. The announcement revealed that BlueBit.io added Shiba Inu to its inaugurated exchange. Also, a gaming industry expert William Volk stated that Shiba Eternity (already) attains popularity in Vietnam.

Volk is Shiba Inu Games’ director. Remember, Shiba Inu Games recently introduced the Shiba Eternity test launch in Vietnam. He tweeted that the higher than anticipated demand forced them to increase gameplay servers 50X.

Other Experts’ Views

Gokhshtein Media founder David Gokhshtein trusts Shiba Inu has more for its investors in the coming days. He tweeted that SHIB’s present outlook revealed a possible upside for the meme coin. Also, he alerted followers about SHIB appearing ready to rip last week.

Analysts trust SHIB to explore a bullish cycle and await further upsurges on its price charts. That comes as timely updates for Shiba Inu enthusiasts that watched the token losing more than 80% from previous ATHs.

Nevertheless, Shiba Inu will unlikely decouple from broad market cues. For that reason, meme coin investors should watch the overall marketplace for profitable bets. While publishing this blog, digital coins showed resilience as they slid from their latest highs.

While publishing this blog, BTC battled to remain beyond $24K, trading at $24,030 during this publication. The leading altcoin shows resilience above this mark after retracing from the latest peaks that saw it briefly breaching the $25K level. Though the upside journey remains challenging, such developments will support extended rallies in Shiba Inu.

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