Shiba Inu has become one of the most talked-about assets in the cryptocurrency world. The meme coin, which originated in online culture, managed to thrive in a volatile market. People are trying to predict where the meme coin’s value will go when May 2024 rolls around.
The cryptocurrency market has bottomed out this past week, but it is now beginning to show signs of recovery. Bitcoin (BTC) was the only cryptocurrency to break the $64,000 mark today; however, not all altcoins did the same. For instance, at the moment, SHIB is trading at $0.00002598, having hardly changed in price over the last 24 hours. Meanwhile, the token’s weekly gain remains steady at 14.4%.
Big coin owners, also known as cryptocurrencies, jumped on the bandwagon due to a small gain. Specifically, one of them sent $79.94 million—three trillion SHIB tokens—shocking the Shiba Inu community.
Whale Alert monitored the exchange of funds between the two anonymous wallets. It was surprising for multiple reasons that the anonymous wallet “0x2ef….2e204” received a transfer from the address “0x73a…4d935”. To begin with, the user’s status as one of the top 100 wealthiest SHIB addresses, in addition to the magnitude of the transaction, garnered attention.
Changelly predicted that the meme cryptocurrency will be worth a certain amount by May 1st, even though the community is preoccupied with discussing transactions. It is projected that the lowest price for a Shiba Inu in May will be $0.0000364. Within the next 30 days, SHIB has a maximum price cap of $0.0000941. With any luck, the average price will be somewhere around $0.0000653.