(*two*)Shiba Inu price prediction remains bullish above €0,0000116 as it has risen over 1,5% in the last 24 hours and over 20% in the previous seven days to trade at €0,000012 .
Most of the bullish bias was caused by an increase in Shiba Inu trading volume that exceeded $XNUMX billion.
Mysterious SHIB tweets and SHIB army
On October 29, the official Shiba Inu Twitter account posted another sneak peek featuring the SHIB army. This time she tweeted "Shib is..." and invited the community to share his thoughts on what the SHIB token meant to them.
Commenters reacted enthusiastically, using terms like “dog killer”, “hope” and “best cryptocurrency”.
The Shiba Inu Twitter account frequently posts metaverse tips or updates about the SHIB ecosystem.
In a similar teaser, Shib's official account tweeted: "Ryoshi is...". The unknown creator of Shiba Inu decided to emulate Satoshi Nakamoto, the person who created Bitcoin, by following in his footsteps.
Ryoshi deleted all his social media posts and disappeared, claiming that Shiba was more important than him. The confidence of the SHIB Army could be one of the reasons for the increase in the SHIB/USD price.
Additionally, according to data from CryptoDep, SHIB received nearly 13 million social mentions on Twitter on October 25, including upvotes and retweets from followers. Dogecoin (DOGE), a competing coin, received 18,2 million mentions on social media.
The DOGE army controls only 1,33% of the social media market, while the SHIB army controls 2%. As a result, this shows that the SHIB army is more powerful than its DOGE counterpart.
SHIB could follow the example of DOGE
Shiba Inu (SHIB) may follow in the footsteps of Dogecoin (DOGE), which had a very successful week following Elon Musk's takeover of Twitter, according to recent reports from Santiment. Santiment claimed that SHIB had used DOGE's bombs before. This conclusion is supported by the fact that the price of SHIB increased by 19% within seven days of the DOGE jump.
In addition, the volume of DOGE and SHIB has increased in recent days. Another indicator of the potential growth of SHIB is the rise of new addresses transferring SHIB to the cryptocurrency network for the first time. This could imply that interest in the meme coin has increased recently.
SHIB also benefits from recent WhaleStats data.
According to the Whale Watching website, the top 2000 ETH whales traded SHIB, one of the most popular coins, on Oct. 28. Additionally, the top 5000 ETH whales currently hold SHIB, worth around €94 million.
Increased SHIB burn rate
Over the past week, Shibburn reported that 14,896,832 SHIB tokens were burned. Visa SB card is developed by the team of developers of the popular canine cryptocurrency, which is rapidly gaining popularity.