Despite a landscape of uncertainty surrounding Shiba Inu (SHIB), the latest on-chain data paints an interesting picture: a slowdown in the activity of the large whales. This seemingly bearish phenomenon clashes with the optimistic forecasts of experts, who see a potential 20% upside for the token in the coming days.
What does on-chain data reveal?
The analysis of transactions on the Shiba Inu blockchain shows a decrease in the volume of large-scale trades and a lower frequency of significant token movements by "whales", those investors with large amounts of capital. This could suggest a phase of consolidation, profit-taking or simply waiting by these key market players.
Why are experts optimistic despite the decline in whale activity?
The discrepancy between whale activity and expert forecasts raises questions. The reasons for this optimism could lie in several factors:
Silent Accumulation: Despite a decrease in more visible transactions, whales may still continue to accumulate SHIB more discreetly, spacing out purchases so as not to overly impact the price.
Upcoming Catalysts: There may be upcoming developments within the Shiba Inu ecosystem, such as progress on Shibarium or the introduction of new tokens, which experts believe could trigger a surge in values.
Market Sentiment: A general improvement in cryptocurrency market sentiment or renewed interest in meme coins could provide the boost SHIB needs to achieve its expected growth.
External factors: Hashtags like#TrumpVsPowell and#BinanceAlphaAlert suggest that macroeconomic events or signals from trading platforms could positively influence the price of SHIB.
Implications for the short term
If the experts' predictions prove accurate, a 20% surge in the coming days could represent an interesting opportunity for investors. However, it is essential to approach these predictions with caution. The decrease in whale activity could also indicate a lack of confidence on the part of large investors, or their intention to wait for further developments before moving significant capital.
Conclusions
The Shiba Inu landscape is currently mixed. On one hand, on-chain data is signaling a slowdown in whale activity. On the other hand, experts are maintaining a bullish outlook, predicting significant growth in the near term. Investors will need to carefully monitor the market development, on-chain data, and any catalysts to make informed decisions. The potential 20% rally represents an attractive opportunity, but it is not without risks in a volatile cryptocurrency market.