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Bitcoin $115,500.50 -0.44%
Ethereum $4,613.10 -1.24%
BNB $928.95 -0.50%
Optimism $0.79 -4.34%
Arbitrum $0.51 -5.19%
Solana $241.30 -0.72%
Polygon $0.22 +2.77%
Cosmos $4.65 -3.72%
Avalanche $29.76 -0.56%

SHIB Skyrockets 34% Weekly, Here’s the Next Target (Shiba Inu Price Analysis)

Shiba Inu had a fantastic week so far, managing to book a double-digit price increase.

After a successful breakout above $0.000010, SHIB quickly turned this level into support and then rallied hard. Only today, the price increased by 17%, placing Shiba Inu in the top-performing cryptocurrencies. Buyers are in full control of the price action, but they are quickly approaching the key resistance at $0.000014.

At this rate, Shiba Inu seems likely to soon reach the resistance at $0.000014. The last time the price approached this level was October 2022, and the bears rejected it.

Shiba Inu SHIB

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Shytoshi Kusama and Kaal Dhairya, the anonymous chief developers of the Memecoin project Shiba Inu (SHIB), have given their first interview to the Arabic Business News. Kusama stated that he entered the cryptocurrency industry because of the influence of a super-rich passenger while driving for Uber, and then contacted Ryoshi, the anonymous creator of SHIB. Kusama aims to make SHIB the killer of Dogecoin and wants it to become "the world's first decentralized entity worth trillions of dollars". He pointed out that currently less than 5% of the world's population use cryptocurrency, and Meme will become the gateway to cryptocurrency and blockchain. Kusama and Dhairya have not given up their anonymous plan. In addition, they plan to transfer control of the project to the community by the end of this year, and by the end of the year, there will be a special committee to lead certain things. They both believe that it is not necessary to disclose their identities and said, "We can sit in this coffee shop, there are no security guards outside, and no one recognizes me. This is actually more valuable than any money."
2 wallets deposited 211 billion SHIB into Coinbase within 10 hours

According to The Data Nerd's monitoring, within 10 hours, 2 wallets (with the same amount of SHIB) deposited a total of 211 billion SHIB (about 5.16 million US dollars) into Coinbase. These wallets accumulated these SHIBs last week, and if sold at the current price, it would cause a small loss (about 120,000 US dollars).
Nearly 90 million SHIB removed from circulation in the past 24 hours

Nearly 90 million SHIB tokens were removed from circulation in the past 24 hours, and Shiba Inu's burning rate surged by 50,000%.
A large-scale transfer transaction of over 30 trillion SHIB occurred on the Ethereum chain, worth nearly US$50 million.

Whale Alert monitored that around 7:47 on March 2nd Beijing time, an address starting with "0x73af" transferred 3,023,255,579,400 SHIB tokens to an address starting with "0x40b3" on the Ethereum chain, worth approximately $49,933,096.

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SHIB Skyrockets 34% Weekly, Here’s the Next Target (Shiba Inu Price Analysis)

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