Shiba Inu (SHIB), one of the most recognizable chest coin projects, continues to attract many investors. Traders are more curious about SHIB’s next breakthrough. According to one analyst, the Shiba Inu (SHIB) price claim will continue its downtrend as long as it does not rise above the $0.0000101 level. Its price ranges from $0.000001007 to mid-$0.00000992 low. Here is the SHIB analysis and what is happening in the ecosystem…
Shiba Inu whales still active
According to Etherscan.io statistics, the seventh largest SHIB whale bought 96.74 billion SHIB tokens in a single transaction. The data also revealed that this most proficient Shiba Inu whale had purchased the precious SHIB tokens in the previous week. In mid-October 13 and 21, the top SHIB investor added more than 322 billion SHIB tokens to his wallet, currently worth around $31.9 million. Whale bought 131.63 billion SHIB tokens in a single transaction for roughly $1.4 million, making it the largest SHIB purchase to date.
After acquiring these new assets, the whale’s wallet was pretty bloated. This SHIB whale now has 15.63 trillion SHIB tokens. That is, this measure is claimed to cost 155 million dollars. In the middle, WhaleStats, a well-known blockchain analytics firm, tweeted on Oct. 21. He confirmed that many of the 500 most eligible Ethereum whales remain SHIB holders. The price of the SHIB rose in response to the positive news about the Shiba Inu.
SHIB acceptance on Amazon and Netflix payments
According to multiple sources, SHIB token holders can use SHIB tokens for Netflix and Amazon. Payment with SHIB, BONE and LEASH tokens is possible with FCFPay Visa accepted by Amazon and Netflix. On October 21, FCFPay, a Canadian crypto payment gateway, made a statement. It announced that crypto card holders will be able to pay for goods and services on Amazon. They can also subscribe to Netflix.
FCFPay said that consumers’ payments will only be successful if they have enough crypto to cover the processes they want to do. The benefit of SHIB has increased the investor’s interest in the chest coin. It created an uptrend in the price of SHIB.
What’s next for SHIB?
The Shiba Inu has been under heavy selling pressure since August. Sales of the downward cycle put it at October lows. Investors who have always participated in the bearish now benefit from bullish days. The SHIB Army is the driving force behind the growing popularity of the dog-themed cryptocurrency. With its decentralized exchange, the Shiba Inu ecosystem aims to be the smoothest decentralized exchange (DEX). In addition, Koindeks.comIt is worth noting that NOWpayments has established a subsidiary with Shiba Inu, as we have reported.
The SHIB/USD pair is trading in a tight range between $0.000009 and $0.0000010. According to analysts, breaking this range will almost certainly result in a bullish or bearish moment. If there is a break above $0.0000102, it could signal a rise to $0.0000105 or $0.0000108. Also, if $0.0000098 breaks down, the Shiba Inu will regress to $0.0000094. According to analysts, it is worth $0.0000098 as an uptrend above this level is expected.