Understanding the ramifications of such significant on-chain movements is crucial. When more than 24 trillion SHIB moves in a day, deep liquidity is being rearranged, not just individual traders. This might pave the way for a rally if momentum increases and sentiment changes. Investors should keep a close eye on the $0.0000138 level because a move above it might pave the way for a move toward $0.0000156. On the downside, a retest of the $0.000010 zone would probably occur if $0.000012 could not be held. Conclusion: Although the price of Shiba Inu is not yet at its peak, whale behavior is a clear indication that a change is coming. What transpires around this turning point will determine whether that marks the beginning of a deeper capitulation or a bullish reversal.
Read more on U.Today https://u.today/24000000000000-shiba-inu-shib-surge-6-month-record
Positive legislative and regulatory developments in the US, as well as accelerating institutional and state-level Bitcoin adoption, present a compelling bullish case for the leading cryptocurrency.
At the same time, Deaton does not rule out that he will eventually change his perspective in two or three years from now.
In his most recent social media post, the pro-Ripple lawyer has stressed that owning XRP and Bitcoin are actually not mutually exclusive. "We will operate in a world of more than one coin," he added.
As reported by U.Today, Ripple CEO Brad Garlinghouse recently stressed that XRP holders should not view the Bitcoin community as their enemy.
Meanwhile, former Ripple executive Greg Kidd is creating his own Strategy copycat with a 1,000 BTC investment.
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