CandleFocus 6.47 Trillion SHIB in 24 Hours: Will Shiba Inu Price React to Surge?
2024-11-09
Author: Content Editor
Shiba Inu (SHIB), a dog-themed cryptocurrency, has experienced a surge in large transactions, indicating increased activity among large SHIB holders. Despite this, SHIB's price has only modestly reacted, showing a slight positive response to the surge. The overall crypto market has been bullish, with Bitcoin (BTC) reaching a new all-time high of over $77,000. Shiba Inu's price has recently consolidated in a range, but there are hopes for an upside breakout that could propel it to higher levels. Additionally, the Shiba Inu ecosystem has proposed establishing a Strategic Hub for Innovation and Blockchain (S.H.I.B.) in a U.S. city to promote blockchain technology and sustainable development.
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