{"id":652690,"date":"2024-11-12T13:30:31","date_gmt":"2024-11-12T13:30:31","guid":{"rendered":"https:\/\/uniquehot.com\/?p=652690"},"modified":"2024-11-12T08:45:54","modified_gmt":"2024-11-12T08:45:54","slug":"shiba-inu-breaks-out-on-a-73-weekly-rampage-eyes-over-300-target","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-breaks-out-on-a-73-weekly-rampage-eyes-over-300-target\/","title":{"rendered":"Shiba Inu Breaks Out On A 73% Weekly Rampage, Eyes Over 300% Target"},"content":{"rendered":"

A lot of limelight has been seen recently on Shiba Inu (SHIB) making it one of the hottest topics to consider in the cryptocurrency arena. The price of SHIB rose by more than 70%<\/a> over the past week, to the delight of investors and dealers. The trading volume has surged to as high as 246%, reaching an unprecedented high of $6.18 billion, putting to rest doubt over where SHIB will trend next.<\/p>\n

Related Reading: Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot<\/a><\/div>\n

SHIB & The Trump Effect<\/h2>\n

Analysts however contend that the rise in SHIB can be ascribed to the rampant zeal witnessed in the cryptocurrency space fueled by some recent events in the US, including Donald Trump\u2019s election victory, which has invigorated market sentiment – and his endorsement of Elon Musk<\/a> for a proposed crypto department once he starts work as president.<\/p>\n

\"\"
Source: Bitstamp<\/a><\/figcaption><\/figure>\n

Amidst this anticipation, SHIB has set its sights on a rather steep growth curve. Currently situated a notch below where it should be, this degree of undervaluation points to the potential for a sharp uptrend within a few days from now. In the medium term, SHIB\u2019s price forecast is rather optimistic given the projected 91.16% increase<\/a> in the price over the next 6 months. This suggests that this meme token could be on an upward trajectory for quite some time as it cements its position among the leading crypto assets.<\/p>\n

Market Sentiment On The Rise<\/h2>\n

The cryptocurrency landscape, on the other hand, paints a much broader and more optimistic picture, thereby raising a lot of expectations around SHIB. Market experts believe that the victory of Trump has created a market euphoria that complements the rally of Bitcoin and the rest of the digital assets and helps in the upward trajectory of SHIB.<\/p>\n

\"\"
Source: IntoTheBlock<\/figcaption><\/figure>\n

Whale Activity Indicates Interest<\/h3>\n

Apart from market mood, on-chain data shows an increase in activity by important SHIB holders, known as “whales.” Data by IntoTheBlock<\/a> shows that early November saw a notable rise in the volume of these high-value transactions\u20146.47 trillion SHIB overall.<\/p>\n

\"\"
SHIB market cap currently at $17 billion. Chart: TradingView.com<\/a><\/figcaption><\/figure>\n

A high level of whale activity typically indicates a strong interest from significant investors, as they position themselves for potential future gains. An indicator that SHIB may be in for another round of price jumps is this pattern of accumulation among large participants.<\/p>\n

\n

Still fairly fresh off of a confirmed Hidden Bull Divergence and holding broken out, $SHIB<\/a> (Shiba Inu), in the midst of a roaring Bitcoin market, can be getting ready for its next level performance towards the $0.00081 target!<\/p>\n

This target’s currently over 306% away and a push to\u2026 https:\/\/t.co\/0ySjEfPQgF<\/a> pic.twitter.com\/DwklAFs8zj<\/a><\/p>\n

\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) November 8, 2024<\/a><\/p><\/blockquote>\n

Related Reading: Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH \u2014 $82k Now Within Reach<\/a><\/div>\n

SHIB’s Route To A Significant Price Target<\/h3>\n

Meanwhile, market observers are currently focusing on a potential target of $0.00081, which would represent a 306% increase from current levels, following recent technical breakouts and a confirmed concealed bullish divergence on the charts.<\/p>\n

Featured image from DALL-E, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A lot of limelight has been seen recently on Shiba Inu (SHIB) making it one of the hottest topics to consider in the cryptocurrency arena. The price of SHIB rose by more than 70% over the past week, to the delight of investors and dealers. The trading volume has surged to as high as 246%, reaching an unprecedented high of $6.18 billion, putting to rest doubt over where SHIB will trend next. Related Reading: Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot SHIB & The Trump Effect Analysts however contend that the rise in SHIB can be ascribed to the rampant zeal witnessed in the cryptocurrency space fueled by some recent events in the US, including Donald Trump\u2019s election victory, which has invigorated market sentiment – and his endorsement of Elon Musk for a proposed crypto department once he starts work as president. Amidst this anticipation, SHIB has set its sights on a rather steep growth curve. Currently situated a notch below where it should be, this degree of undervaluation points to the potential for a sharp uptrend within a few days from now. In the medium term, SHIB\u2019s price forecast is rather optimistic given the projected 91.16% increase in the price over the next 6 months. This suggests that this meme token could be on an upward trajectory for quite some time as it cements its position among the leading crypto assets. Market Sentiment On The Rise The cryptocurrency landscape, on the other hand, paints a much broader and more optimistic picture, thereby raising a lot of expectations around SHIB. Market experts believe that the victory of Trump has created a market euphoria that complements the rally of Bitcoin and the rest of the digital assets and helps in the upward trajectory of SHIB. Whale Activity Indicates Interest Apart from market mood, on-chain data shows an increase in activity by important SHIB holders, known as “whales.” Data by IntoTheBlock shows that early November saw a notable rise in the volume of these high-value transactions\u20146.47 trillion SHIB overall. A high level of whale activity typically indicates a strong interest from significant investors, as they position themselves for potential future gains. An indicator that SHIB may be in for another round of price jumps is this pattern of accumulation among large participants. Still fairly fresh off of a confirmed Hidden Bull Divergence and holding broken out, $SHIB (Shiba Inu), in the midst of a roaring Bitcoin market, can be getting ready for its next level performance towards the $0.00081 target! This target’s currently over 306% away and a push to\u2026 https:\/\/t.co\/0ySjEfPQgF pic.twitter.com\/DwklAFs8zj \u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) November 8, 2024 Related Reading: Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH \u2014 $82k Now Within Reach SHIB’s Route To A Significant Price Target Meanwhile, market observers are currently focusing on a potential target of $0.00081, which would represent a 306% increase from current levels, following recent technical breakouts and a confirmed concealed bullish divergence on the charts. Featured image from DALL-E, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":652697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8375,85699,83668,83667,9848],"class_list":["post-652690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-elon-musk","tag-memecoin","tag-shib","tag-shiba-inu","tag-trump"],"acf":[],"yoast_head":"\nShiba Inu Breaks Out On A 73% Weekly Rampage - Details<\/title>\n<meta name=\"description\" content=\"A lot of limelight has been seen recently on Shiba Inu (SHIB) making it one of the hottest topics to consider in the cryptocurrency arena. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Breaks Out On A 73% Weekly Rampage, Eyes Over 300% Target","url":"http:\/\/uniquehot.com\/news\/shiba-inu-breaks-out-on-a-73-weekly-rampage-eyes-over-300-target\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-breaks-out-on-a-73-weekly-rampage-eyes-over-300-target\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_c18641.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_c18641.png?fit=818%2C729"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["elon musk","memecoin","shib","shiba inu","trump"],"dateCreated":"2024-11-12T13:30:31Z","datePublished":"2024-11-12T13:30:31Z","dateModified":"2024-11-12T13:30:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Breaks Out On A 73% Weekly Rampage, Eyes Over 300% Target\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-breaks-out-on-a-73-weekly-rampage-eyes-over-300-target\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-breaks-out-on-a-73-weekly-rampage-eyes-over-300-target\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/A_c18641.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/A_c18641.png?fit=818%2C729\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"elon musk\",\"memecoin\",\"shib\",\"shiba inu\",\"trump\"],\"dateCreated\":\"2024-11-12T13:30:31Z\",\"datePublished\":\"2024-11-12T13:30:31Z\",\"dateModified\":\"2024-11-12T13:30:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_c18641.png?fit=818%2C729","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/652690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=652690"}],"version-history":[{"count":5,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/652690\/revisions"}],"predecessor-version":[{"id":652698,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/652690\/revisions\/652698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/652697"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=652690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=652690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=652690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}