Shiba Inu Price Prediction as Investor Turns $2,625 into $1.1 Million – Another Major Rally Starting?
SHIB has recovered after a small dip this morning, with the Shiba Inu price reaching $0.00002546 again and posting a very slight 0.1% loss in 24 hours.
The meme token is also down by 0.4% in a week, but up by 8% in a fortnight and by 3% in a month.
These are modest percentages, yet SHIB has actually gained by 188% in a year, with yesterday also revealing data which shows that one whale has made a 419x gain with SHIB across three years.
This highlights how SHIB continues to make big profits for traders, and is likely to do so for some time to come.
Today may mark the beginning of a short-term rally for SHIB, with the coin’s indicators showing some life and urgency again this morning.
Its relative strength index (purple) has risen above 50 in the past couple of hours and is on its way to 60, providing space for further price gains as it continues to rise.
After climbing above the 200-day average (blue) yesterday, the 30-day average (orange) is rising again after a brief dip, suggesting that the coin has a few more days at least of gains ahead of it.
What’s also encouraging is that SHIB’s 24-hour trading volume has more than doubled today, with interest possibly piqued by the news that one whale has made a 419x profit from Shiba Inu, after holding onto 48 billion SHIB for around three and a half years.
After being dormant for 3.5 years, the super diamond trader finally sold $SHIB at a profit.
He spent 2 $ETH($2,625) to buy 48.09B $SHIB on Feb 1, 2021, and sold it for 278.7 $ETH($1.1M) just now, a gain of 419x!https://t.co/Pw9i9wbKcn pic.twitter.com/Qvp9wKpWCc
— Lookonchain (@lookonchain) May 27, 2024
Such a gain shows what can happen with enough patience and timing, with SHIB arguably being one of the best vehicles in the market for
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