• Shiba Inu (SHIB) price has increased 20% this week, rising to a new 2023 high of $0.00001291.
• WhaleStats data revealed that Shiba Inu was one of the most traded tokens among the top 100 Ethereum whales over 24 hours.
• Hashflow was the most used smart contract among the top 100 Ethereum whales over 24 hours, followed by Numeraire, Shiba Inu, Chiliz, and Boba Network.
The crypto market has been buzzing with Shiba Inu (SHIB) price gaining massive traction, jumping 20% this week and reaching new 2023 highs of $0.00001291. This surge has allowed SHIB to become the second-most popular meme coin in the market, with investors cashing out for profits. However, a minor retracement has pushed the coin’s price back to $0.00001140, but the meme coin is still on track for another potential breakout.
Meanwhile, WhaleStats, a platform tracking crypto whales, has revealed that Shiba Inu was the most traded token among the top 100 Ethereum whales. This implies that investor interest in the meme coin is growing and could lead to another strong rally. Hashflow (HFT) was the most used smart contract among the top 100 Ethereum whales over 24 hours, followed by Numeraire (NMR), SHIB, Chiliz (CHZ), and Boba Network (BOBA).
The SHIB token is gaining traction among investors and traders as it has become a popular meme coin. The token was created as a joke and was made available on Ethereum in early 2021, but it quickly caught on with investors and traders. The coin’s price has been increasing steadily since then and has seen a massive surge this week.
The increased demand has been driven by Ethereum whales, who have been pouring money into SHIB, and the coin’s popularity is expected to continue. With the strong fundamentals and increasing demand, Shiba Inu could be the best coin to buy in crypto right now. The coin is likely to target new highs of $0.000014 and $0.000018 in the coming week, if investors continue to cash out for profits.
Overall, Shiba Inu’s price is on a relentless rally and investors should watch the coin closely for the next big breakout. With Ethereum whales zeroing in on SHIB, the coin could be on track for a massive surge in the coming days.