- Shiba Inu (SHIB) witnessed a major surge of over 20% in the past week, reaching a high of $0.00003004, but has since corrected by nearly 10%.
- A significant movement of 4 trillion SHIB tokens worth around $99 million occurred between two unidentified wallets, potentially indicating a desire to sell or change positions.
- According to data from CoinCodex, Shiba Inu is predicted to trade at around $0.00002924 on Thanksgiving day, November 28, 2024.
The Shiba Inu cryptocurrency has seen significant price fluctuations recently. In this article, we’ll examine Shiba Inu’s recent performance and make a prediction for where its price could go on Thanksgiving Day 2024.
Shiba Inu’s Recent Price Action
- Entered top 10 cryptos and surged over 20% last week
- Hit a high of $0.000003004 before pulling back
- Currently trading around $0.000002373 after 10% drop
- Daily trading volume declined by 50% to $179 billion
Potential Roadblocks For Further Gains
- Part of broader market correction impacting prices
- Whale movement sparked concern – 4 trillion SHIB tokens worth $99 million transferred between wallets
- Could signal intent to sell and create volatility
Thanksgiving 2024 Price Prediction
- According to CoinCodex, Shiba Inu will trade at $0.000002924 on Thanksgiving 2024
- Slight increase from current levels
- Further gains possible if market recovers and new rally begins
- Bullish Thanksgiving predicted, but only modest upside projected
Conclusion
After its recent rally, Shiba Inu looks poised to see limited upside by Thanksgiving 2024. While predictions call for a small increase from current prices, SHIB still faces potential resistance from broad market forces and whale holdings. Further gains beyond the holiday may require renewed momentum and positive developments in the broader crypto industry.
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