Shiba Inu holders have seen a steady increase, rising to 1.35 million from 1.29 million in October 2023. This surge in holders reflects a growing interest in the meme coin despite its price fluctuations. The current price of Shiba Inu stands at $0.00001671, a significant drop from its three-month high of $0.00001865, representing an 81.14% decrease from its all-time high of $0.00008845.
Despite the price decline, investors remain optimistic about SHIB’s potential. Data from IntoTheBlock reveals that the number of addresses holding Shiba Inu for over a year has grown by 10,000 since the beginning of September, reaching 1.07 million addresses. Additionally, the total number of SHIB holders has increased to 1.35 million in October, indicating a growing investor base. Notably, the number of addresses holding between 10 million and 1 billion SHIB has surged to 379,380, hinting at a potential price rally in the near future.
Looking ahead, Shiba Inu’s price analysis and predictions suggest a positive outlook for the meme coin. The price prediction report indicates that SHIB could reach $0.000095 by 2025, with a projected end-of-year price of $0.00004800 in 2024. Furthermore, by 2028, Shiba Inu is expected to peak at $0.00014191 and reach $0.00013527 by the end of 2030.
Analyzing the price action of Shiba Inu, the Relative Strength Index (RSI) currently stands at 56.16, indicating that buyers are in control of the meme coin’s price movement. The upward slope of the RSI line suggests the potential for higher prices in the short term. With bullish momentum, SHIB may test the $0.00002 price level once again in the near future.
In conclusion, Shiba Inu continues to attract interest and adoption within the blockchain ecosystem, despite market volatility. Investors remain optimistic about SHIB’s future price trajectory, with indicators pointing towards a potential price surge. As always, it is essential for investors to conduct thorough research and exercise caution when making investment decisions.