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Shiba Inu Price Eyes 300% Rally As SHIB Whale Activity Surges

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The Shiba Inu price could rally as much as 300% as SHIB whale activity is on the rise, a bullish development for the second-largest meme coin by market cap. Other on-chain metrics also paint a bullish for SHIB and indicate that its bull run could begin anytime from now.

Shiba Inu Price Eyes 300% Rally

In an X post, crypto analyst Javon Marks predicted that the Shiba Inu price could soon record a 300% rally. This came as he noted that the top meme coin is still fresh off a confirmed Hiden Bull Divergence and holding above the level it recently broke out from.

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In line with this, the analyst stated that SHIB could be getting ready for its “next level” performance, which could send its price towards the $0.000081 target. He added that this over 300% rally could be imminent.

A Shiba Inu price rally to the $0.000081 target is significant as it could pave the way for the second-largest meme coin to reach and possibly surpass its current all-time high (ATH) of $0.000088. Meanwhile, this SHIB rally looks imminent, considering that the meme coin is currently playing catch up to DOGE, which is on a roll at the moment.

The Dogecoin price is up over 23% in the last seven days. Meanwhile, SHIB has recorded a single-digit gain of just over 5% during this period. Shiba Inu is expected to enjoy more significant gains soon enough since it typically mirrors DOGE’s price gains.

SHIB Whale Activity Surges

IntoTheBlock data shows that Shiba Inu whale activity is on the rise. SHIB’s large transactions have surged by almost 4%, which suggests that whales are actively accumulating the meme coin.

This presents a bullish outlook for the Shiba Inu price, considering that these whales typically contribute to price discovery and could spark a significant SHIB rally soon enough. Over the last few days, these whales have traded trillions of SHIB tokens.

Specifically, these whales have traded 2.57 trillion SHIB tokens in the last 24 hours, Meanwhile, on November 6, they traded a 7-day high 6.39 trillion SHIB tokens. Amid these rising whale activity, it is worth mentioning on-chain transaction which showed that a particular whale transferred $10.4 billion worth of SHIB to the Coinbase crypto exchange.

This typically presents a bearish outlook for the Shiba Inu price, since it suggests that the whale is looking to offload their coins. However, further onchain data shows that the wallet which received the coins belongs to the top crypto exchange, meaning that they loading up to meet the massive demand for the meme coin.

According to a recent CoinGape analysis, other SHIB onchain metrics present a bullish outlook for Shiba Inu. This includes the SHIB price-Daily Active Addresses (DAA) divergence, which recently shot up to a one-month high.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Who Predicted Dogecoin Price Rise To $0.7 In 2021 Says WallitIQ (WLTQ) Will Rise 23,460% By December 2024

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A well-known analyst who successfully predicted that the Dogecoin price would rise to $0.7 in 2021 is now turning their attention to WallitIQ (WLTQ), forecasting an astonishing 23,460% increase by December 2024. As the cryptocurrency landscape evolves, WallitIQ (WLTQ) is emerging as a game-changer in the decentralised wallet sector. 

WallitIQ (WLTQ): Transforming The Crypto Wallet Experience With Innovative Security And User Empowerment

WallitIQ (WLTQ) is set to transform the cryptocurrency wallet landscape, creating a buzz in the investment community as its presale continues. Analysts are excited about WallitIQ’s innovative design, which emphasises security, usability, and user empowerment.

By employing AI-driven security measures, WallitIQ (WLTQ) enables real-time monitoring of transactions, significantly reducing the risk of hacks and unauthorised access. The platform’s advanced encryption technologies provide robust protection for users’ digital assets.

Among the standout features of WallitIQ (WLTQ) is its robust security framework, which incorporates Advanced Encryption Standard (AES) and Elliptic Curve Cryptography (ECC). These cutting-edge encryption technologies enable both private keys and transactions to be meticulously protected against unauthorised access and potential breaches.

Also, the Physical to Digital (P2D) wallet function, allowing users to effortlessly convert physical assets into digital tokens. This not only improves liquidity but also streamlines the user experience, making it accessible for both newcomers and seasoned cryptocurrency enthusiasts.

Additionally, WallitIQ (WLTQ) includes an Escrow Connect feature that evaluates decentralised applications (dApps) for potential risks, enabling secure interactions and transactions. The platform has also completed a smart contract audit with SolidProof, further solidifying its reliability and boosting positive market sentiment.

With the introduction of a multilingual AI chatbot, users can access effective support in their preferred languages. Following its recent debut on CoinMarketCap, WallitIQ (WLTQ) is set to redefine how users engage with digital assets.

However, owning WLTQ tokens not only positions investors for significant profits but also empowers them with a say in governance decisions, giving a strong sense of community ownership. 

Investors are actively engaging in WallitIQ’s presale, eager to capitalise on the innovative AI token currently priced at just $0.0171. The platform not only promises substantial returns but also offers attractive benefits such as staking rewards and an impressive annual percentage yield (APY) of up to 180%, making it an appealing option for savvy investors.

Analysts predict a remarkable 23,460% increase by December 2024, emphasising that the WallitIQ (WLTQ) presale represents a golden investment opportunity. The growing enthusiasm among analysts signals that now is a critical moment for discerning investors to seize this chance for potential growth.

Dogecoin Price: A Cultural Phenomenon With Limitless Potential

The Dogecoin price has evolved from its humble beginnings into a cultural phenomenon, driven by community enthusiasm and social media engagement. The analyst who accurately predicted its rise to $0.7 is now assessing the future trajectory of the Dogecoin price. 

Supported by a passionate community, analysts suggest that the Dogecoin price may continue to thrive despite market volatility. This resilience highlights the token’s distinctive appeal. 

Investors are particularly interested in how the Dogecoin price will navigate upcoming challenges, especially as analysts maintain optimistic forecasts. As the cryptocurrency landscape evolves, the analyst community remains bullish, indicating that the Dogecoin price is well-positioned for further growth. 

With its strong community backing and positive outlook, the Dogecoin price is a token that investors should monitor closely for potential opportunities.

Conclusion

While analysts continue to examine emerging trends in the cryptocurrency market, the one who accurately predicted the Dogecoin price rise to $0.7 in 2021 now forecasts an astonishing 23,460% increase for WallitIQ (WLTQ) by December 2024. Meanwhile, WallitIQ (WLTQ) presale tokens are selling rapidly. Buy yours now at $0.0171 before they are available on the exchanges.

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community

 



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US SEC Delays Decision On Ethereum ETF Options Trading

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The US Securities and Exchange Commission (SEC) has again delayed its decision on the New York Stock Exchange’s (NYSC) proposed rule change to offer options trading. This move comes despite the fact that the US SEC has already approved options trading for the Bitcoin ETFs.

US SEC Delays Decision On Options Trading For Ethereum ETFs

The US SEC indicated in its latest release that it would need more time to consider the NYSE’s proposed rule change to list and trade options on the Ethereum ETFs on the exchange. The regulator also called for written comments from the public on whether they should approve the proposed rule change or not.

The SEC had in September delayed its decision on the rule change and extended the deadline till November 11. Following their latest decision, the Commission will have until sometime in December to determine whether or not they want to approve NYSE options trading for these Ethereum ETFs.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Will OM Price Hit New ATH As Mantra Unveils 50M Airdrop Details?

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MANTRA has announced details of its highly anticipated 50 million $OM token airdrop, sparking excitement across its community of over 350,000 participants. Eligible recipients, including stakers, NFT holders, and active ecosystem members, will receive tokens based on various engagement levels.

Currently trading at $1.39, $OM could see renewed interest and momentum as users claim their rewards. The airdrop scale and distribution strategy have sparked speculation about potential price action in the coming weeks.

MANTRA Unveils Key Details on Massive 50M $OM Airdrop

MANTRA latest 50 million $OM token airdrop has attracted major attention within the crypto community, revealing specific allocations to different groups. The airdrop primarily rewards active participants across various campaigns, including Pre-Mainnet Quests, ATOM staking, and several NFT-based rewards. With over 350,000 users included, the airdrop signals its dedication to community engagement and loyalty rewards, further reinforcing user interest in the $OM ecosystem.

The largest allocation, about 60%, goes to users involved in the KARMA Pre-Mainnet Quests, benefiting the top 124,760 addresses from a participant pool of over 615,000. To ensure fairness, this top RWA coin employed a unique Kurtotic Adjustment for distribution, which lessens allocation discrepancies. Kurtotic Adjustment reduces the influence of extreme values in data, making analysis more accurate and reliable. The adjusted allocation means that 1 $OM equates to approximately 6.797 adjKARMA, offering loyal users greater value for their engagement.

Additional reward pools include 8% for ATOM stakers, rewarding those who supported MANTRA validator node. This group will also benefit from its future initiatives, such as the ATOM/USDC liquidity pool on MANTRA Swap. NFT holders in the Bad Kids, Celestine Sloths, and Pudgy Penguins collections also receive substantial rewards, with fixed $OM allocations per NFT held. This approach solidifies its commitment to its user base while broadening ecosystem adoption.

Can the Growing User Base Push $OM to a New ATH?

The $OM token is currently trading at $1.39. Its price fluctuated between $1.38 and $1.48 in the past 24 hours. Despite a 7% drop in the last week, the token has gained 4% over the past month. Daily trading volume stands at $40 million, showing strong liquidity. The all-time high for $OM is $1.62, suggesting room for growth.

With over 350,000 users participating in the airdrop, demand for $OM is likely to rise. As tokens are distributed, momentum should increase. This could push the price higher and potentially surpass its previous all-time high.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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