Shiba Inu is the most popular and demanding meme coin right now in the highly volatile cryptocurrency market. SHIB is outperforming Bitcoin also after the drastic crypto crash series in May-July 2022. ETH whales are getting attracted to the SHIB tokens to drive profit in their diversified portfolios. SHIB army is continuously working on different major projects to increase the Shiba Inu price and let crypto investors and ETH whales take a meme coin as an important cryptocurrency. SHIB is working on different effective strategies to reach US$1 in the nearby future.
ETH whales are eyeing this meme coin because they have realized the power and initiatives of the SHIB army. There are key projects that have gained the attention of ETH whales such as Shiba Inu games, Shibarium L2, Doggy DAO, ShibaSwap 2.0, Shiba In metaverse, Shibburn, and many more. At the time of writing, the current SHIB price is US$0.00001196 with a market cap of US$6.57 billion and a volume of US$592,895,927, and a market rank of 15.
Shiba Inu is known as the largest token in the crypto market that is held by the top 2000 ETH whales. The new projects have led the ETH whales to invest in a whopping US$3 million worth of Shiba Inu or SHIB tokens in 2022. ETH whales are known for hyping up the meme coin and transforming it into a serious and valuable cryptocurrency. Though there is a struggle with the SHIB army for a long time, it is about to reach one of the top cryptocurrencies with immense support from ETH whales. There are some popular whales like Gimli who have invested 386 billion SHIB tokens in this bear market.
There is a huge potential for this meme coin Shiba Inu to catch the attention of these whales and reach US$1 in the nearby future. Thus, it can be said that the Shiba Inu breakout is on its way through the multiple price predictions. It can reduce its supply by over 100% through the SHIB burn mechanism. Still, there are some challenges faced by the SHIB army such as there is a lack of real-life use cases in the crypto market and in the global financial market unlike Dogecoin (DOGE) or Bitcoin (BTC). ETH whales can immensely contribute to the uptrend of the meme coin with their million dollars worth of investment despite the crypto crash cases in recent times.
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