The cryptocurrency world has recently gone into a frenzy! The SHIB market is putting on a crazy show, with whales transferring over 2.6 trillion SHIB in just one day, and the trading volume has directly set a new record since June. Some analysts are excitedly predicting that if this surge doesn't cool down, it's not impossible for SHIB's price to hit 1 cent!

Even more explosive is the news that Shiba Inu's chief developer, Shytoshi Kusama, is reportedly brewing something big, and community members have revealed that there will be significant developments, likely completely changing SHIB's ecosystem and attracting a large number of new investors. However, there are challenges at the moment, as SHIB is stuck at a critical price level; to continue its rise, it needs to hold the range of $0.00001250 - $0.00001280. From a technical indicator perspective, the RSI value is 42, and as long as buying pressure increases, there is a great chance for an upward breakout.

Currently, SHIB has 1.51 million holders and a market cap of nearly $8 billion, making it no longer just a trendy token. Although the target of 1 cent is quite challenging, relying on a significant amount of token burns and ecosystem development, based on the current operations, the future is definitely worth paying close attention to, as one day it might just explode!

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