2 years ago
Quick take:
- SHIB is the 3rd astir held token connected the Ethereum web aft ETH and FTT
- Shiba Inu is besides the 10th astir bought token connected the Ethereum web successful the past 7 days
- An ETH whale precocious bought $1 cardinal worthy of Shiba Inu (SHIB)
- Accumulation and holding could beryllium a effect of rumors of SHIB becoming ineligible tender successful Turkey
- Interest successful Shiba Inu (SHIB) comes astatine a clip erstwhile Bitcoin and the crypto markets are successful a carnivore market
The fashionable meme-coin of Shiba Inu is exhibiting promising fundamentals arsenic SHIB is present the 3rd astir held token connected the Ethereum network aft ETH and FTT. In addition, Shiba Inu (SHIB) has emerged arsenic the tenth astir purchased token connected the Ethereum web successful the past week.
SHIB, is the 3rd astir held token and 10th astir purchased connected Ethereum. Source, WhaleStats.comEarly yesterday, a whale connected the Ethereum web purchased $1 cardinal worthy of Shiba Inu (SHIB). The transaction was captured and shared by the squad astatine WhaleStats via Twitter.
🐳 An ETH whale conscionable bought 49,651,432,412 $shib ($1,094,317 USD).
Transaction hash: 0xcfe21e38638a1fa3d6565c5b4a8b32818b1c32b553c6b25d227d4129f85673a7#SHIB #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 14, 2022
Such a ample transaction hints towards a consciousness of optimism by whales who proceed holding SHIB contempt the bearish temper successful the crypto markets.
Whale involvement surrounding Shiba Inu could person been spurred by rumors of SHIB being acknowledged arsenic ineligible tender successful Turkey, arsenic a means of protecting the state from inflation. The Shiba Inu assemblage successful Turkey further acknowledged that they had met with the country’s erstwhile Economy Minister Mustafa Elitaş, to sermon the thought further.
At the clip of writing, nary update oregon clarification has been provided arsenic to whether Shiba Inu (SHIB) volition go ineligible tender successful Turkey. However, the adoption of Shiba Inu successful Turkey has grown immensely to the constituent wherever adjacent ambulance services are accepting SHIB arsenic payment.
With respect to price, SHIB is presently trading astatine $0.00002141 with $0.000020 acting arsenic support. The meme-coin is successful a wide downtrend arsenic it is trading beneath the 50-day (white), 100-day (yellow) and 200-day (green) moving averages.
In spite of the bearish atmosphere, Shiba Inu’s regular MFI, MACD and RSI constituent towards an overbought script that could unfastened the doors towards a imaginable bounce backmost to the 50-day moving mean astir the $0.000025 terms area.
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