Ethereum whales continue to scoop up the meme token, accumulating $3.6 million worth of Shiba Inu (SHIB). According to analysts, with Shiba launching its own Blockchain, it may become more popular with traders. Interestingly, some altcoins think this roadmap could trigger a 100% rally. Details at Kryptokoin.com .
Huge altcoin whale bought million worth of SHIB
Ethereum whale “Gimli” bought 110 billion Shiba Inu tokens to grow their current portfolio. The whale’s purchase was valued at $3.62 million at the time, which marks an increase in demand for Shiba Inu large purses. Nicknamed “Gimli,” the whale currently has $47.8 million worth of Shiba Inu in its portfolio. Recently, SHIB announced that it will switch to its own Blockchain in its 2022 roadmap and will be built into the DAO structure. Therefore, Shiba Inu’s plan becomes lucrative for investors seeking a Blockchain token with high utility and whale adoption.
Analisdollarser confirms Shiba Inu’s support zone
FXStreet analystsdollarser’s Ekta Mourya and her team believe the Shiba Inu price could go higher. Analisdollarser predicts a 100% bullish breakout in Shiba Inu price as the meme token has survived the recent price drop. Twitter also evaluated the Shiba Inu price trend and noted that it is positioning it in a new support zone. Army_shiba tweeted that previous resistance hadollars yellows are now support for Shiba Inu:
Both SHIB and BTC have positioned themselves in new support zones! These hadollarsars were old resistances! Let’s see what the market will bring after this exhausting accumulation phase!