The underlying reason behind Shiba Inu's surge today. Judging from past situations, a price surge of 800% is possible. If Shiba Inu (SHIB) drives the rise of memecoin, its price surged by 52%. In just 24 hours, the destruction rate surged by 30,000%
This move shocked the cryptocurrency market. Shiba Inu expert Lucie predicted an 800% price surge, similar to the bull run in 2021, remember when $SHIB rose 800% in a week without even losing anything. Shiba Inu Sweeps the Crypto Market Whales’ large transactions and rising burn rates have driven SHIB’s rally. Based on historical data and recent price action, it’s exciting to see SHIB potentially rise 800%. Data from Lookonchain shows that $6.07 million worth of PEPE tokens were massively sold off, followed by a subsequent acquisition of 75.9 billion SHIB tokens for $8.93 million. At the same time, SHIB’s burn rate has risen sharply, resulting in 3.75 million tokens being destroyed, drawing attention to this emerging meme coin. This surge has brought the total amount of tokens destroyed to approximately 410.70 trillion SHIB, resulting in a significant reduction in the circulating supply to 581.65 billion. SHIB trading volume has reached $5.7 billion, proving its growing popularity and investor interest. SHIB has managed to surpass other well-known cryptocurrencies such as USDC, Bitcoin Cash (BCH), Dogecoin (DOGE), and Solana (SOL). Who has made a profit? Shiba Inu’s market capitalization has soared to a staggering $13.5 billion or more. SHIB’s incredible price rise has benefited hundreds of thousands of Shiba Inu holders who previously invested in the token. According to IntoTheBlock, more than 63% of those who have been exposed to the meme coin are currently enjoying profits. The trend was very different in September last year, when about 90% of holders lost money. SHIB’s price rise coincided with a sharp rise in several important indicators related to the token ecosystem. The total daily trading volume (more than $100,000 per transaction) broke through the $1 billion mark, and the number of daily active addresses reached nearly 30,000 (an increase of 230% compared to the figures observed on March 2). Recently, the cryptocurrency market has once again set off a frenzy, and one of the digital currencies called Shiba Inu (SHIB) has achieved an eye-popping 180% increase in just seven days. What investment codes and market dynamics are hidden behind this seemingly crazy rise? Today, let’s take a deep look at the story behind SHIB’s strong rise.
Part 1: The rise of SHIB Shiba Inu (SHIB), a digital currency with Shiba Inu as its symbol, has been labeled as the "Dogecoin killer" since its birth. Its design concept is similar to Dogecoin, aiming to create a community-driven, decentralized network ecosystem, and quickly accumulated popularity with its friendly image and broad community support. The recent sharp rise in SHIB is undoubtedly a concentrated outbreak of its community consensus power.
Part 2: 300% surge in 7 days
Triggers
1. Market sentiment catalysis: The cryptocurrency market has always been volatile, especially against the backdrop of the continued rise of mainstream digital currencies such as Bitcoin and Ethereum, the market heat has been pushed to a climax, and investors' attention to alternative coins has also increased. As one of the popular alternative coins, SHIB naturally attracted a lot of attention and capital inflows.
2. Celebrity effect: Recently, the comments and actions of some celebrities such as Tesla CEO Elon Musk on social media have triggered heated discussions about SHIB in the market. Although Musk did not directly mention SHIB, every time he spoke about Dogecoin, he indirectly promoted the popularity of the SHIB market.
3. Trading platform launch and liquidity enhancement: As more and more large trading platforms include SHIB in their trading lists, SHIB's liquidity has been greatly improved and trading volume has surged, further driving up prices.
4. Project development dynamics: The SHIB team continues to advance the construction of its ecosystem, such as the development of the decentralized exchange ShibaSwap and the upcoming NFT project. These substantial progress provide strong support for the value of SHIB.
Part 3: The internal logic behind SHIB’s rise today Regarding SHIB’s rise again today, we cannot ignore the growth of its intrinsic value.
On the one hand, the activity and loyalty of the SHIB community continue to increase, forming a strong community consensus, which makes SHIB have strong price resilience.
On the other hand, SHIB is gradually building its own application ecosystem, and its long-term value potential is emerging.
fourth part
The impact of market environment and macroeconomics The current global financial market is complex and volatile. Especially with the central banks of various countries implementing loose monetary policies and the general trend of global economic digital transformation, investors are paying more and more attention to the new asset class - cryptocurrency. This background undoubtedly creates a good macro environment for digital currencies such as SHIB. At a time when the yield of traditional assets has declined due to global quantitative easing policies, investors seeking higher returns have begun to turn to the cryptocurrency market to find new value depressions, which has also boosted the current round of SHIB's rise.
the fifth part
The power of the SHIB community and the consensus mechanism The community is an important source of vitality for any cryptocurrency, and SHIB has demonstrated strong cohesion in this regard. Community members not only actively participate in the dissemination and promotion of SHIB, but also expand the influence of SHIB through various means, such as launching destruction activities to reduce the supply of SHIB and increase its scarcity. In addition, various innovative activities and DAO governance models carried out within the community around SHIB have invisibly enhanced the intrinsic value and social recognition of SHIB.
Part VI
SHIB's technological innovation and ecological expansion In addition to market sentiment and community foundation, SHIB's technological strength and ecological layout are also important driving forces for its price increase. For example, the launch of ShibaSwap marks the expansion of SHIB from a single token to a richer financial application scenario, including the provision of staking, swap and breed functions, which not only improves the practicality and liquidity of SHIB, but also increases the holders' confidence in SHIB's future value-added space. At the same time, SHIB is also actively exploring the application of blockchain technology in the field of NFT, launching the Shiboshis NFT series, which has injected new vitality into the SHIB ecosystem through unique digital collectibles, and also helped SHIB seize the initiative in the competition in the Web3.0 era.
Part VII
Rationally look at the investment value and risks of SHIB Although SHIB has shown a strong upward momentum in the short term, investors need to remain calm and rational when facing such a huge increase. The cryptocurrency market is highly speculative and volatile, and a rapid rise in the short term does not mean sustainable value growth. Therefore, when considering entering or adding positions, investors should have a deep understanding of SHIB's long-term strategic planning, technical roadmap and its actual implementation, and make reasonable investment decisions based on their own risk tolerance. In general, SHIB's 300% increase in 7 days is not an accidental event. It is the result of multiple factors such as market sentiment, celebrity effect, liquidity improvement, and project ecological construction. However, it is worth noting that despite SHIB's recent eye-catching performance, the high volatility of the cryptocurrency market means that investors still need to carefully assess risks when participating, look at short-term price fluctuations rationally, and fully understand and trust the project's long-term vision and development prospects. But whether it is for SHIB or other crypto assets, Aolan believes that investment decisions should always be based on comprehensive analysis and rational judgment, and we must see opportunities and be aware of potential risks. For every investor, only by grasping the pulse of the market and understanding the essence of the project can they find truly valuable investment targets in the turbulent world of cryptocurrency, enjoy the benefits it brings, and effectively avoid potential risks. In the feast of SHIB, only participants who are both rational and wise can have the last laugh.
