• Shiba Inu (SHIB) price rose 5% within a day of Ripple (XRP) securing a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC).
• On-chain analytics tool Lookonchain shared on Twitter that an early SHIB investor holding 10% of the token’s total supply moved some $30 million worth of their stash to eight wallets.
• Shiba Inu is exploring opportunities in the Metaverse by attempting to capture all this through shib.io website.
Price Rally Predicted for Shiba Inu
ChatGPT predicts Shiba Inu’s price to rise to $1 within the next few years due to its on-chart indicators predicting a price rally in the short run.
Shiba Inu Price Rises After Ripple Victory
The price of Shiba Inu [SHIB] rose nearly 5% within a day of Ripple [XRP] securing a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) on 13 July 2020. Despite SHIB having had a tough past month, recent developments are likely going to lead to a price rally.
Whale Holding 10% Of Token’s Total Supply Transfers Funds
On 13 July, on-chain analytics tool Lookonchain shared on Twitter that an early SHIB investor holding 10% of the token’s total supply today moved some $30 million worth of their stash to eight wallets. Analytics tool Bubblemaps tweeted that the wallet was likely connected to the project’s developers.
Shiba Inu Exploring Opportunities in Metaverse
Shiba Inu is also exploring opportunities in the Metaverse by attempting to capture all this through shib.io website where people can interact with virtual items and other people in a way comparable to the actual world . This could further lead to an increase in demand for SHIB and consequently, lead it towards more gains in prices over time .
Conclusion
With these recent developments, investors should be optimistic about potential increases in prices for SHIB tokens over time . However , it is important for them not forget that cryptocurrencies are highly volatile investments and any predictions made should be taken as only speculative opinion .