Shiba Inu (SHIB)In the early hours of this morning, surprisingly, it shared its new roadmap for the ‘burning mechanism’ that will be implemented in 2022.
The developer team behind Shiba Inu recently announced that it is also working on the development of the ShibaSwap v2 portal, which has fueled a bullish story for the token’s price. On the other hand, the number of Shiba Inu owners has reached a new milestone by exceeding 1.1 million.
Shiba Inu whale wallet transactions, on the other hand, have doubled recently, with the meme coin’s price appearing to be recovering after the recent crash.
The Shiba-Inu-themed cryptocurrency is on its way to an upgrade on its decentralized exchange. The price of the token is in an area of interest and analysts are waiting for a rebound after the recent price drop.
Shiba Inu gearing up for big recovery in 2022
dogecoin killer Popular as the Shiba Inu, it has recently experienced a price drop. The Shiba Inu price has lost 4% in the last 24 hours. The project had recently revealed its roadmap detailing the incineration implementation in 2022.
The development team behind Shiba Inu is working on an upgrade for the meme coin’s decentralized exchange, ShibaSwap. This fueled an ascension narrative for the Shiba Inu.
The Shiba Inu reached a new milestone earlier today. The total number of owners has passed 1.1 million, which means an increase in the adoption of the meme coin.
Shiba Inu whales (big wallet investors) have doubled recently.
Analysis by crypto data tracker WhaleStats reveals that the Shiba Inu is the second-largest “held cryptoasset” among Ethereum whales by dollar value. There is a 10% increase in large transactions transferred over $100,000 in Shiba Inu.
@BitQueenBR, a crypto analyst and trader, believes that Shiba Inu price may enter an uptrend once it turns resistance at $0.00003758.
liking the pattern $SHIB is printing on lower timeframes. Bullish consolidation below resistance. Once we break and flip the resistance level a 45% move towards next point of resistance gives a nice entry. pic.twitter.com/YEPD1kNmOn
— BitQueenBR👑🇧🇷 (@BitQueenBR) December 26, 2021
FXStreet analysts, on the other hand, evaluated the Shiba Inu price trend and predicted that the meme coin would have to exceed $0.0004 to experience a “ballistic rise”.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.