In a surprising turn of events, Shiba Inu (SHIB) has shot up to the 12th position in market value, and Wall Street analyst Linda Jones couldn’t be more thrilled about her recent investment in this cryptocurrency. SHIB has been creating ripples in the market, outshining even the mighty Bitcoin in the past few days.
The impressive surge in Shiba Inu’s performance has captured the attention of global investors. In the last 24 hours alone, it has recorded a remarkable 22% gain, propelling its trading price to $0.00002636.
Jones’ analysis reveals that this surge follows an explosive rally that began just three days ago, pushing SHIB to a multi-year high with a staggering 177% rally, surpassing the $0.000026 threshold. With a market cap of $14.5 billion, Shiba Inu is now on the brink of challenging the top ten cryptocurrencies.
Surpassing major players like Polkadot (DOT), Tron (TRX), Chainlink (LINK), Polygon (MATIC), Toncoin (TON), and Bitcoin Cash (BCH), SHIB has its sights set on Avalanche (AVAX) as its next target.
Also Read: Shiba Inu Skyrockets 170%, Eyes Top 10 as RFK Jr. and Kusama Fuel Frenzy
Despite her continued support for XRP, Jones emphasizes the importance of diversification in the investment portfolio. Three of her crypto investments, including Shiba Inu, are among the top performers on a year-to-day (YTD) scale, surpassing Bitcoin and signaling the potential for significant returns in the crypto market.
Lookonchain, a reputable on-chain resource, sheds light on the activities of a Shiba Inu whale. This strategic mover deposited a whopping 365.36 billion SHIB tokens into Binance, resulting in substantial profits and bringing their portfolio to an impressive $7,957,540.
Additionally, there’s the success story of a trader who pocketed over $700k from Shiba Inu in just two days of holding SHIB tokens. These instances underscore the lucrative opportunities amid SHIB’s surge, revealing the potential for substantial profits in the cryptocurrency market.
With a solid 152% surge in the last month, SHIB’s current price stands at $0.00002287, displaying robust bullish signs. Speculations abound that it could reach $1 before Bitcoin’s halving in April 2024. However, achieving this milestone would demand an astronomical increase of over 43,700 times its current value, posing significant challenges and uncertainties.
Investors are eagerly watching as Shiba Inu continues its meteoric rise in the crypto world.
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