Shiba Inu (SHIB) holders are intensely observing the market trends these days after a massive crash in the SHIB prices. For those of you who are unaware of how and why this happened, here are the details: The Ethereum (ETH) creator Vitalik Buterin gifted his 2 trillion to SHIB that worth about 40+ million USD as of May 12. However, he sold the gifted asset by pulling the SHIB liquidity from Uniswap (UNI) tokens. The SHIB market is trading sideways for now. However, any trigger may result in a massive breakout leading to a level where even Shiba Inu (SHIB) price may double.
SHIB Massive Price Upswing Expected
According to the expert technical analysis, SHIB holders may soon see a happy trading time. Just like the massive market crash observed from May 10 to May 19 when Shiba Inu dropped by 83%, the next market trigger can raise the bars for SHIB.
Moreover, the price action since the last drop is observing consolidation in the price range of SHIB. This hints at an interesting turn of events soon in the next few days. The sideways trading movement is now observing a decline. While this may be valid, we can expect Shiba Inu’s price to coil up massively. The estimated price of Shiba Inu at the end of December 2021 is expected to be around 0.000090
A Bright Future For Shiba Inu (SHIB)?
Shiba Inu (SHIB) has three major points of interest right now. These are ShibaSwap, Shiba Inu Rescue, and Shiba Inu and NFT.
ShibaSwap
It is a decentralized exchange working on two other ERC-20 house tokens – LEASH and BONE. Both the tokens follow different token economics.
Shiba Inu Rescue
This refers to the collective effort Shiba Inu (SHIB) is making to rescue Shibas from across the world.
Shiba Inu Non-Fungible Token (NFT)
Shiba Inu is also working to bring forward the Non-Fungible Token (NFTs) industry using the artist incubator.
The above-mentioned points of interest of Shiba Inu (SHIB) predict a massive price breakout in the coming days.