379.27 Billion Shiba Inu Tokens Astound the World’s Biggest Cryptocurrency Exchange

379,270,000,000 Shiba Inu stuns the world's largest cryptocurrency platform

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In a notable 24-hour period on Binance, the largest crypto exchange, a massive amount of Shiba Inu (SHIB) tokens were recorded, coinciding with a price increase for the meme coin, ranked second in market size.

Surge in trading prompts positive sentiment

An impressive 379,270,000,000 SHIB has moved across Binance, sparking a wave of trading among its network of investors. This occurred as SHIB’s price rose over 5%.

Shiba Inu Reaches 102 Trillion SHIB Plateau, Potential for Further Growth?

At the time of this update, SHIB’s value is at $0.0000244, marking a 5.13% upswing in a day, with trading volume witnessing a 58.06% jump to $761.8 million. SHIB’s price has fluctuated between $0.00002319 and $0.00002486 recently.

SHIB 1-Day Price Chart — Source: CoinMarketCap

Although it’s below its former highs of $0.00003215 from the past month, SHIB’s recovery is viewed positively. It has notably overcome its predicted downward trend and appears to consolidate its current gains.

As SHIB edges toward the critical resistance level of $0.000025, experts predict that surpassing it may kickstart stronger bullish trends. They attribute potential ongoing rallies to the high trading volumes, like those on Binance.

SHIB price milestones and market projections

Some market observers highlight the $0.00002 threshold as a pivotal psychological barrier for SHIB.

54 Trillion Shiba Inu (SHIB) Nearing A Critical Breakthrough

If SHIB can maintain its current upward trajectory through 2025, this level could become the new support benchmark. Holding above it would strengthen investor confidence in long-term positions.

For SHIB’s price stability, it’s vital the coin’s daily burning strategy continues effectively. Additionally, positive ecosystem developments hinted by Shytoshi Kusama, the figurehead of Shiba Inu, may foster an optimistic market sentiment for SHIB.

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