Shiba Inu Trader Makes $4.72 Million as SHIB Price Surge 180% in a Week

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SHIB’s recent jump might be because Bitcoin hit $63k, boosting the whole market. Now, SHIB’s ranked 12th position in market value. Wall Street analyst Linda Jones has recently expressed her excitement about investing in Shiba Inu, a cryptocurrency that has been making waves in the market, outperforming even Bitcoin in recent days. Shiba Inu’s impressive performance has caught the attention of investors worldwide, with a remarkable 22% gain in the last 24 hours alone, pushing its trading price to $0.00002636. 

On a positive note, Jones analysis shows that the surge comes on the heels of an explosive rally that began just three days ago, propelling SHIB to a multi-year high with a staggering 177% rally, surpassing the $0.000026 threshold. With market cap of $14.5 billion, Shiba Inu is yet again in the spotlight, making its position strong and on the cusp of beating the top ten most prominent cryptocurrencies. SHIB has managed to surpass the top gainers like Polkadot (DOT), Tron (TRX), Chainlink (LINK), Polygon (MATIC), Toncoin (TON), and Bitcoin Cash (BCH), with Avalanche (AVAX) being its next target.

Despite her continued support for XRP, Jones believe in the importance of diversifying one’s investment portfolio, noting that three of her crypto investments, including Shiba Inu, now rank among the best performers on a year-to-day (YTD) scale. She expressed great joy in seeing these investments outperform Bitcoin, highlighting the potential for significant returns in the priced in crypto market.

On the activity front, Lookonchain, a well-known on-chain resource, shed light on the activity of a Shiba Inu whale, whose strategic moves resulted in substantial profits. The whale deposited a staggering 365.36 billion Shiba Inu tokens into Binance, originating from five different wallets, potentially aiming to capitalize on SHIB’s recent surge in value. With SHIB’s latest uptick, the whale’s Shiba Inu portfolio now stands at an impressive $7,957,540, compared to the initial $3.24 million valuation at the time of withdrawal.

Plus, there are emerging reports on the success story of another trader who generated over $700k from Shiba Inu in just two days of holding the SHIB tokens. These examples underscore the lucrative opportunities presented by investing in Shiba Inu amidst its remarkable surge, highlighting the potential for substantial profits in the cryptocurrency market.

With clear moves, SHIB’s price surged 152% in the last month, now at $0.00002287, showing strong bullish signs. With its market cap and momentum, some predict it could hit $1 before Bitcoin’s halving in April 2024. However, reaching $1 would require a massive increase of over 43,700 times its current value, posing significant challenges and uncertainties.